Page 1,026«..1020..1,0251,0261,0271,028..1,0401,050..»

Top 5 Blockchains to Use in 2023 – CryptoTicker.io – Bitcoin Price, Ethereum Price & Crypto News

Blockchain technology has revolutionized various industries, offering secure, decentralized, and transparent solutions for a wide range of applications. As we look ahead to 2023, its important to identify the top blockchains that stand out in terms of scalability, security, functionality, and community support. In this article, we will explore the top 5 five blockchains to consider using in 2023, along with their key features and advantages.

Ethereum is an open-source blockchain platform that enables the development of decentralized applications (dApps) and the execution of smart contracts. It introduced the concept of a programmable blockchain, allowing developers to create and deploy their applications on its network. Ethereum is one of the top 5 blockchains.

Binance Smart Chain is a blockchain platform developed by the cryptocurrency exchange Binance. It operates parallel to the Binance Chain and offers compatibility with the Ethereum Virtual Machine (EVM), making it easy for developers to migrate their Ethereum-based projects to BSC.

Cardano is a blockchain platform that aims to provide a secure and scalable infrastructure for the development of decentralized applications and the execution of smart contracts. It takes a scientific approach, incorporating peer-reviewed research and formal methods into its development process that makes it one of the top 5 blockchains.

Polkadot is a multi-chain blockchain platform that facilitates the transfer of assets and data between different blockchains. It aims to create an interconnected ecosystem of specialized blockchains, known as parachains, which can communicate and share information securely.

Solana is a high-performance blockchain platform designed for decentralized applications and crypto-currencies. It offers fast transaction speeds and low fees, making it suitable for applications that require real-time interactions and high throughput.

As we approach 2023, Ethereum, Binance Smart Chain, Cardano, Polkadot, and Solana emerge as the top five blockchains with exceptional features, scalability, and functionality. Each blockchain offers unique advantages and caters to specific use cases. When selecting a blockchain for your project, consider factors such as scalability, security, community support, and the requirements of your application. Conduct thorough research to make an informed decision and leverage the benefits these top blockchains offer for a successful venture.

If Ripple wins over the SEC, there may be a possibility of price surges. Let's mention the top 3 reasons

Despite the risks, meme coins can be a lucrative investment opportunity. Here are the four best meme coins that could

Some altcoins managed to gain significantly over the past week. In this article, we mention the top 3 altcoins outperforming

Visit link:

Top 5 Blockchains to Use in 2023 - CryptoTicker.io - Bitcoin Price, Ethereum Price & Crypto News

Read More..

The Rise Of Pepe Coin: Learning Why Meme Coins Are Best Traded … – Benzinga

Seattle, Washington

--News Direct--

Meme coins have gained popularity for being a means to get rich quick,' but it has also been a cause for traders to lose quick' because of market volatility. Usually, these cryptocurrencies are useless and purely associated with a picture or an animal. The idea that one of these cryptos would go up significantly in price is absurd, but the reality is that some meme coins do create new millionaires each year, with about the same chances as winning the lottery. Many people throw money into endless meme coins with the hope that one of them will take off, but there's a better way. First, let's cover the most recent meme phenomenon, Pepe.

Pepe Coin is a cryptocurrency token based entirely on the Pepe the frog' meme that is widely used online, especially in the cryptocurrency communities. Even on the Pepe website, the creators themselves state that the coin has no use, no financial expectations, and that it is purely for fun. Basically, a useless asset for gambling and hype.

Pepe Coin, regardless of the sheer uselessness of the token, managed to reach an astronomical $1.2 billion market cap in only a short time. This astronomical feat was in no small part due to a large amount of Crypto Twitter' (a large community on Twitter that talks mostly about cryptocurrency) being involved with putting the token in the spotlight. This caused a flurry of buying that sent the crypto 1000x from the bottom price, causing most exchanges to list the crypto, with the peak being the listing in Binance. This is an astronomical surge in only around a month.

The hardest part of all this is working out how you can join these astounding crypto pumps without having to thinly spread capital across hundreds of moonshot tokens in the vain hope that one of them will make you mega-rich.

Avorak AI is a trading platform that scours thousands of simulated trades across multiple timeframes in an effort to find the perfect entry point to maximize potential profits. Avorak analyzes these meme coins and aims to give the best entry possible. It is no surprise some of the meme-coiners' are amateur traders and will follow simple trading patterns. This makes it even easier for the Avorak bots to pick up on the right entry points and help make significant profits from these trades.

What is more interesting is that the AVRK token is required as a small payment to use the bots and other Avorak products. This means as long as the bots continue to make people profits, AVRK will continue to have buy pressure. This may mean that the AVRK token itself would be a better choice than any meme coin that has no intrinsic value or use.

Whether using Avorak to trade meme coins, or buying the AVRK token due to its solid use cases beyond what was covered here, Avorak has something that can assist everyone.

Want to learn more about Avorak AI?

Website: https://avorak.ai

Buy AVRK: https://invest.avorak.ai/register

Avorak is an AI-powered cryptocurrency built on the Binance Smart Chain, melding artificial intelligence, machine learning, and blockchain technology, creating a powerful and free-to-use platform with chatbots, trade indicators, generative content modules, and automated trading bots.

This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice.

Adam

Adam@avorak.ai

https://avorak.ai/

View source version on newsdirect.com: https://newsdirect.com/news/the-rise-of-pepe-coin-learning-why-meme-coins-are-best-traded-using-avorak-ai-862811546

2023 News Direct Corp.

More here:

The Rise Of Pepe Coin: Learning Why Meme Coins Are Best Traded ... - Benzinga

Read More..

Failing ventures and Twitter hiatus spark Tai Lopez bankruptcy … – Protos

Influencer, entrepreneur, and self-help guru Tai Lopez is having a very strange year. The usually loud and self-centered 46-year-old, well known for his videos showcasing his sports cars, mansions, and bookshelves, has gone uncharacteristically quiet on his social media save for YouTube and Instagram, where he continues to push self-help podcasts and book reviews. So, whats going on?

Lopezs last post on Twitter roughly two months ago announced the sad news of his best friends passing. While its undoubtedly tragic to lose a loved one and certainly a valid reason to take a social media hiatus the loss isnt the only explanation as to why Lopezs posting has diminished.

On March 2, the Wall Street Journal reported that Lopezs company, Retail Ecommerce Ventures, LLC, was struggling to stay afloat and seeking legal assistance from Kirkland and Ellis, the same law firm working with Celsius Network and Voyager Digital in their respective bankruptcy cases.

There has been no update since.

Lopez started Retail Ecommerce Ventures with fellow multimillionaire Alex Mehr. Throughout 2020 to 2022, Lopez boasted about his acquisitions, which included bankrupt companies like RadioShack, Pier1, Franklin Mint, and Modells. However, Lopez has refrained from discussing his business ventures in the past year and has shifted his focus to monetizing his audience through his 67 Step program and answering questions related to energy levels.

Meanwhile, his business partner Mehr has deleted his Instagram profile and hasnt posted on Facebook for nearly three years.

Many of the duos acquisitions, which are former retail brick-and-mortar stores transitioned into ecommerce companies, have once again fallen on hard times.

Pier1 Imports has gone from a home furniture and decoration chain to a seller of fragrances; The Franklin Mint has moved on from selling painted coins to hats, mugs, and sports memorabilia, and RadioShack once a major electronics retailer in the US, attempted and failed to rebrand as a web3 company.

Read more: How wire fraud, not securities violations, lands crypto criminals in prison

RadioShack may have been Lopezs most successful venture into failed-business acquisitions. Its Twitter account quickly gained a substantial following due to provocative posts and trolling of critics. Unfortunately, two weeks after FTXs collapse, the account fell silent and hasnt been active since.

The electronics chain, which pinned its hopes on becoming a decentralized exchange and even spun up a token on the Binance Smart Chain, has shuttered RadioShack.org. Its crypto token, RADIO, has plummeted from a high of $0.037 to $0.00065 a loss of 98%.

So while its impossible to say if Lopez or Retail Ecommerce Ventures will be bankrupt soon, its quite clear that all of his acquisitions are struggling. Not to mention, Lopezs pleas for people to contact him about selling their companies doesnt inspire confidence, as one online commentator noted.

Got a tip? Send us anemailorProtonMail.For more informed news, follow us onTwitter,Instagram,Bluesky, andGoogle News,or subscribe to ourYouTubechannel.

View original post here:

Failing ventures and Twitter hiatus spark Tai Lopez bankruptcy ... - Protos

Read More..

I asked ChatGPT about BNBs next course of action, it said – AMBCrypto News

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writers opinion.

Binances (BNB)ecosystem has been at the receiving end of an unrelenting regulatory pushback in the first quarter of 2023, casting serious concerns on the future of one of the largest entities in the crypto space.

The latest salvo directed at the crypto-behemoth was the lawsuit by U.S. Commodity Futures Trading Commission (CFTC), accusing the exchange and Founder Changpeng Zhao (CZ) of violating local compliance rules to expand its business.

Earlier in February, Paxos, the issuer of the Binance branded stablecoin BUSD, was directed by the New York Department of Financial Services (NYDFS) to stop minting new tokens. The action, according to the regulator, was brought about by several unresolved issues related to Paxos oversight of its relationship with Binance.

The impact of these crackdowns has been severe. According to a report by crypto-market data provider Kaiko, Binance lost a 16% share of global trading volume in Q1 2023. The lawsuit-induced FUD resulted in a radical shake-up of its exchange reserves with users withdrawing funds for self-custody.

Moreover, the net stablecoin outflow reached -$295 million/day recently, which was the largest net outflow in the history of the worlds largest crypto exchange. Stablecoin liquidity is one of the most crucial parameters to gauge the health of a crypto-trading platform.

The future course for Binance and its native token Binance Coin [BNB] is shrouded in uncertainty. And, most of the investors and analysts in the space would be busy understanding the dynamics to make informed decisions going forward. We, at AMB Crypto, tried to get some help from an unlikely ally ChatGPT

ReadPrice Prediction for Binance Coin (BNB)2023-24

Ever since it burst onto the scene, ChatGPT has become a rage, revolutionizing the way humans interact with AI. People have flooded the AI-powered chatbot with a plethora of use cases to get assistance for literally anything. Right from finding a bug in a code, asking philosophical questions about life, getting dating advice, and even writing full-fledged media articles (not this one though).

Put simply, it functions like a conventional chatbot that we have encountered in the customer support section of different e-commerce companies. However, the big difference here is that the communication is more conversational, or to put it in a different way, more human-like.

Well, this is because it has been trained using reinforcement learning from human feedback (RLHF). This helps it understand instructions and generates nuanced responses.

But cryptos? Binance? Are we stretching the limits of ChatGPT? Lets see.

Binance is not new to compliance-related issues in the U.S. In 2019, it ceased to operate in the country and launched a separate exchange, Binance.US, its American arm.

The platforms structure is quite similar to the fallen FTX in the sense that a major part of its administration is being controlled from outside the U.S. Hence, it has always been under the radar of the regulators.

We started to test our AI friend by posing this very sweeping, although controversial, question. Now, the ability of ChatGPT to express itself is hindered because of the restrictions imposed by the creators. To make it speak its mind, we used the jailbreak hack.

As is evident, ChatGPT refused to make it a Binance v. U.S. government binary and highlighted that the exchanges woes are not limited to one market. It acknowledged that Binance is taking steps to correct its image but the future remains uncertain. It was quite fascinating to note that ChatGPT steered clear of making definitive statements, something which any expert or analyst in this space wouldve done.

Apart from regulatory concerns, the ecosystems blockchain, BNB Chain, has gained notoriety for the rising number of decentralized finance (DeFi) hacks of late. As per a report by ImmuneFi, a Web3 bug bounty platform, BNB Chain was the most targeted chain in Q1 2023 with 33 incidents of hacks and exploits.

Here again, we turn to our AI partner to know if hacks will be the undoing for Binance. This time, it seemed as if it was waiting for this question to be hurled at its end.

ChatGPT said hacks were definitely a cause for concern and advised the developers to prioritize the issue as it may have a damaging effect not just on the adoption of the BNB Chain, but on the value of the BNB coin as well.

Well, ChatGPT would be glad to know that its word of caution was taken seriously. To address the security loopholes, BNB Chain soon announced a hard fork which is scheduled to go live on 12 April.

Another thing that caught our attention was the use of BSC rather than BNB in the latest response. Now, its a known fact that Binance Chain and Binance Smart Chain are now collectively referred to as one entity BNB Chain. This change was introduced in February 2022. However, ChatGPT continued to use BSC Chain.

This, because its knowledge cutoff date is September 2021, meaning that it will base its answers on the information available until this date only.

At press time, BNB was the third-largest cryptocurrency (excluding stablecoins) in the sector, with a market cap of more than $50 billion, per CoinMarketCap data. As a result, significant fluctuations in its value could create ripples in the broader crypto market.

BNB commenced a bullish cycle at the start of 2023, something that has helped it in gaining 27% on a year-to-date (YTD) basis. However, recent hiccups have applied brakes on its momentum. Since the CFTC lawsuit, the coin has shed 4.5% of its value.

Although setting unrealistic expectations amidst this FUD is not the most sensible thing to do, we tried to put ChatGPT under a bit of pressure. We asked whether it sees BNB touching $350 in 2023 given the current state of uncertainty. And, it impressed again.

As was the case earlier, it didnt give a definite value or a price range, which was its USP. Or else it would have felt like a soothsayer predicting the results of FIFA World Cup matches, like Paul the Octopus.

In a very measured way, it outlined factors like market trends, technological developments, and regulatory changes, which will eventually decide the course of any coin. It also called attention to Binances strong DeFi ecosystem which could support BNBs price in the long run.

Enough of the AI praising! Needless to say, it isnt practical to only depend on what an AI tool says when it comes to price predictions and markets. There is nothing like getting the insights of real-world experts. Therefore, we got in touch with Marius Grigoras, Chief Executive Officer at BHero and a crypto-expert, to help us out with the same question that we asked ChatGPT. He stated

While I cannot give a certain answer on whether BNB will reach $350 in 2023, we must consider the general market dynamics. Its evident that the recent regulatory crackdown has taken its toll on the entire crypto market, including BNB. But despite some fluctuations in price which may occur in the short term, I believe BNB possesses the resilience to rebound even stronger in the long haul.

Did you find similarities between human opinion and AI opinion?

Is your portfolio green? Check out theBNB Profit Calculator

Earlier this week, BNB stormed past multiple support zones to reach a seven week low of $301, marking a decline of more than 7%. The token has since recovered to its current trading price of $312.

$292 has emerged as the new support zone for the worlds fourth largest cryptocurrency by market capitalization, which currently stands at $48 billion.

As for the bull case, $350 is the resistance zone to look out for. A breach at this level will pave the way for a massive rally.

BNBs latest daily trading volume came in at $516 million. BNBs technical indicators showed that the relative strength index (RSI) hovered at the oversold earlier this week, but has since moved towards the midline.

The current RSI reading of 56 doesnt indicate if BNB is oversold or overbought. Meanwhile the On Balance Volume (OBV) is currently at 225 million, indicating positive volume pressure for BNB and potentially higher prices in the future.

BNBs Open Interest (OI) or the total dollar value locked in unsettled contracts on Futures exchanges was $308.7 million. The same saw a marginal drop of 0.54% over the last 24 hours, as per Coinglass. Since the CFTC lawsuit, the OI has declined by 12%.

The funding rates across most exchanges seemed to be in green though, indicating the dominance of bullish traders.

Additionally, traders positioning themselves for price gains increased vis--vis those looking for price losses, as the Longs/Shorts Ratio hiked to 1.25%.

Its important to note that these indicators fluctuate on a day-to-day basis and can take a wild turn in no time. Therefore, the next course of action for BNB is tough to predict. Only time will tell whether it will manage to weather this storm.

Continue reading here:

I asked ChatGPT about BNBs next course of action, it said - AMBCrypto News

Read More..

Feeless ETH: Redefining Crypto Transactions and Its Impact on … – Investing.com India

A groundbreaking development in the world of crypto transactions has been introduced. Notably, a new method of buying and selling (ETH) has emerged, promising an unprecedented feature zero fees. Moreover, the innovation has the potential to revolutionize the way individuals engage with and transact in the popular crypto.

In addition, the team behind the feeless ETH solution has chosen to initially test it on the Ethereum network, with future plans to expand its implementation to the Binance Smart Chain (BSC) if successful.

Transaction fees, commonly known as gas fees, have long been a concern for crypto users, especially during periods of high network congestion. These fees can sometimes be prohibitive, discouraging users from participating in the crypto ecosystem. The introduction of feeless ETH aims to address this issue by removing transaction fees entirely, making ETH transactions more accessible and affordable.

The elimination of fees for ETH transactions has the potential to unlock a wide range of possibilities for both traders and investors. With lower barriers to entry, more users may ne encouraged to join the crypto space, thereby increasing liquidity and market activity.

Moreover, feeless ETH could also drive the adoption of decentralized applications (DApps) and smart contracts, as users can interact with these platforms without worrying about transaction costs. This enhanced accessibility could foster innovation and growth within the Ethereum ecosystem.

As one of the emerging cryptocurrencies in the market, BabyDogeCoin has gained significant attention due to its unique branding and community-driven approach. The question arises: if feeless ETH can cause a significant increase in the value of ETH, would the same trend be expected for BabyDogeCoin if it were implemented on the BSC?

While feeless ETH has the potential to drive positive momentum for cryptocurrencies, it is important to consider other factors that can influence price movements. Cryptocurrency markets are complex and subject to a variety of influences, including market sentiment, investor demand, and overall market conditions. While feeless transactions can remove a barrier for potential investors, it is essential to evaluate the underlying fundamentals and utility of each individual cryptocurrency to determine its long-term prospects.

All-in-all, the introduction of feeless ETH represents a significant development in the cryptocurrency space, offering users a new way to transact with reduced financial barriers. This innovation has the potential to enhance accessibility, drive adoption, and stimulate market activity within the Ethereum ecosystem.

However, it is crucial to approach the potential impact on cryptocurrencies like BabyDogeCoin with a comprehensive understanding of market dynamics and consider other factors that can influence price movements. As feeless ETH goes live, the crypto community eagerly awaits the outcome and its potential implications for the broader market.

Read the original post:

Feeless ETH: Redefining Crypto Transactions and Its Impact on ... - Investing.com India

Read More..

Bring On The Bull Market – Love Hate Inu, Solana & Big Eyes Coin … – The Coin Republic

The cryptocurrency industry has recently witnessed a popularity boom, with many individuals hoping for the next 100x meme coin pump or a project that can compete with Dogecoin (DOGE) or Shiba Inu (SHIB). Big Eyes Coin (BIG), Love Hate Inu (LHINU), and Solana (SOL) are three low-cap cryptocurrencies that will be examined and compared in this article.

Another low-cap coin making headlines in the crypto industry is Love Hate Inu. It is a meme coin based on the popular anime series Inuyasha. Love Hate Inu is a Binance Smart Chain token with a total quantity of one quadrillion tokens. The coins design depicts an adorable dog with a heart-shaped snout and a cheeky look.

Love Hate Inu aims to bring a unique and entertaining coin to the crypto community. It intends to create a vibrant network of investors that share its mission.

Love Hate Inu is already on Coinsniper and has a large following on social media sites such as Twitter and Telegram. The project remains in its early stages; investors may profit from the present bull market by investing in this potential cryptocurrency.

Love and hate are two sides of the same coin, but as always, Love lights more fires than hate extinguishes. Ella Wheeler Wilcox.

Love always triumphs, as do those who seize opportunities and invest.

The previous twelve months have been an incredible moment for Solanas base-layer innovation, making the network the sole location where blockchains promise fulfils the lightning-quick standards that todays customers expect. Today, a Solana ecosystem team is propelling the whole ecosystem ahead by releasing technologies that allow for true decentralisation of the web3 stack. Executable NFTs, which are now accessible in the open beta of the alternative wallet Backpack, provide an altogether new method to design apps that are safer, easier to use, and consistent with the decentralised ideals on which blockchain is founded.

Solana aims to create a highly scalable, secure platform for decentralised applications. It aspires to make blockchain technology more accessible to a larger audience by delivering a fast and efficient network. Solana has already acquired popularity in the cryptocurrency industry, with many investors eager to capitalise on the current alt season.

Big Eyes Coin is a new cryptocurrency gaining popularity in the cryptocurrency industry. It is a meme currency with a hilarious and distinctive design that has piqued the interest of many investors. Big Eyes Coin is a cryptocurrency that runs on the Binance Smart Chain and has one trillion tokens. The coins popularity has grown significantly and is now listed on Coinsniper, a renowned cryptocurrency listing site.

Big Eyes Coins impartial is to give the crypto community a colourful and engaging coin. Its distinct style and community-focused approach strive to bring people together. The currency has a sizable investment community enthusiastic about the projects prospects. Big Eyes Coin is now in its presale phase, and investors can participate in the presale closing celebrations using the promo code END300.

Remember that every great advantage is just transitory!

Ultimately, the crypto market is rife with opportunities for investors interested in low-cap cryptocurrencies such as Big Eyes Coin, Love Hate Inu, and Solana. Each of these cryptocurrencies has distinct characteristics and development potential. Big Eyes Coin and Love Hate Inu are meme currencies providing investors with an appealing and engaging experience. Solana, on the other hand, is a more established cryptocurrency that offers a highly scalable and secure platform for decentralised apps.

Investors looking to take advantage of the current bull market and invest in low-cap cryptocurrencies should consider Big Eyes Coin and its presale; this coin has already gained significant traction.

For more on Big Eyes Coin (BIG) visit thewebsite, join the presale or join thecommunityfor regular updates.

Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice.Thecoinrepublic.comdoes not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post.Thecoinrepublic.comis and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

For publishing articles on our website get in touch with us over email or one of the accounts mentioned below.

Originally posted here:

Bring On The Bull Market - Love Hate Inu, Solana & Big Eyes Coin ... - The Coin Republic

Read More..

5 Fundamental Technologies In Web3 And What They Mean – Net Newsledger

The internet is one of the most interesting and incredible tech advancements of all time. Its inception enabled a global connection and literally placed the world at the click of a mouse, tap of a button, or swipe of a finger. But its evolution didnt stop and has continually changed to cater to the growing demands and preferences in the market. Tech experts keep are always innovating new ways to advance it and the latest evolution is the Web3.

Web3 relies on the key blockchain trait of being a decentralized technology. This involves working with blockchain development services to build a more trustless, secure, and transparent environment for users online. This article will discuss the fundamental driving factors of Web3 and how they are changing how people view and use the internet.

This is the third-generation internet that enables users to operate in a decentralized and trustless environment. As previously mentioned, its built on blockchain technology providing an immutable and secure internet space. Because of these features, it offers more autonomy to you as an internet user. Some of the benefits that Web3 offers include:

As a result, Web3 could be the turning point of the internet as you know it as it could potentially and significantly overhaul cyberspace. However, while it may not entirely eliminate the internet as you know it today, it may be the safer alternative to the other generations of the internet. This is especially true when there are reliable Web3 security solutions.

Some of them like security and privacy concepts like zero-knowledge proofs and homomorphic encryption provide better security guarantees in Web3 applications. As the popularity and shift towards Web3 continue to grow, you can also expect to see higher growth in its use cases. Have a look at the main concepts that Web3 relies on:

Web3 is based on decentralized systems built on blockchain and they operate without the reliance or interference of intermediaries. According to reports, the decentralized applications (dApps) user market continues to surge despite the volatility in the crypto world. The key ideas of a decentralized network that Web3 draws benefits from include the following:

Decentralization is an important aspect of Web3. It enhances trust by giving users more control over what they can and cant share on the internet. Instead of users having to ask for permission from governing parties as is the case with the other generations of the internet, they have full control of their info and data and how its used. Popular decentralized Web3 platforms, include Ethereum, Filecoin, and Polkadot.

This is the ability of blockchain networks ability to connect, communicate and interrelate with each other. It plays a critical role in the growth of Web3 as it enables users to seamlessly access and move data and assets between networks. In return, this allows for proper communication and collaboration.

Apart from the aforesaid benefits of interoperability in Web3, it plays specific roles in individual industries. For example, the healthcare industry can significantly reduce processing time for patient information by easily communicating with other networks and consolidating data. This is particularly helpful when the transfer of care is taking place. The new medical institution or caregivers will have access to full patient history and information without delay.

The simple definition of smart contracts is they are self-executing agreements whose terms are written in code. They operate on decentralized networks and automatically execute when parties meet the pre-set conditions and abort if they arent met. This means they provide a safer space for transactions to take place without the risk of entering into a fraudulent deal.

In the Web3 network, smart contracts are the engine that drives trust and credibility in transactions. They remove the gray areas and facilitate the smooth running of transactions between parties unknown to each other. Ethereum is the most popular smart contract network but others such as Binance Smart Chain and Cardano are also popular with developers.

These are essentially a form of digital democracy, where members can propose, and vote on changes, and decisions in a trustless decentralized space. Just like smart contracts, DAOs are governed by their own sets of terms and rules. The rules in DAOs are encoded in smart contracts as the place for execution and enforced by the network itself.

DAOs also operate independently of governing bodies like banks or governments. For instance, you can create venture capital funds or an online community that is run by members. You can also use them to create dApps and services or use them to handle your digital assets portfolio and other forms of value.

With that in mind, you can see why DAOs represent an exciting frontier for Web3. Their role in creating dApps cant be overstated.

NFTs are digital assets created on blockchain to represent ownership of a digital item or piece of content. They have become a key component of Web3, as they fit right into the decentralized spaces.

NFTs allow the creation of unique digital assets whose value is mainly pegged on their rarity, uniqueness, community, and utility. Theyre verified, and transferred on a blockchain and can represent anything from artwork and music to virtual real estate, moments, and even tweets. NFTs have gained significant attention in recent times, with high-profile sales fetching millions of dollars.

The outcome has been an increased interest in using NFTs in many ways, such as digital identity, voting, gaming, and product tracking in the supply chain process. The use of NFTs fits well within the broader Web3 ecosystem. They enable new types of dApps and economic models. For this reason, they are a key concept in the Web3 environment.

The concepts discussed here are all integral parts that will continue to influence the development and uptake of the decentralized web. Web3 will change the way people utilize and engage with the internet. With its emphasis on security, community-driven power, and transparency, Web3 is likely to empower everyone by creating a more equitable and decentralized web. Dont allow your business to be left behind. Research and find ways you can utilize the decentralized web for personal and business growth.

See the rest here:

5 Fundamental Technologies In Web3 And What They Mean - Net Newsledger

Read More..

Coining It: Why Binance Coin, Solana, & PATWARS are the top … – Euro Weekly News

Do you ever wonder which cryptocurrencies are worth your investment? Choosing the right options can be daunting with so many available. But fear not, for three coins stand out from the crowd Binance Coin (BNB), Solana (SOL), and PATWARS.

These digital assets have captured the attention of crypto enthusiasts worldwide, not only because of their impressive market capitalisations but also due to their unique features and potential for growth. In this article, we will explore what makes BNB, PATWARS, and SOL such compelling investment choices and how they are shaking up the crypto world. Get ready to discover the next big thing in the world of digital assets!

Binance Coin is the native token of the Binance exchange, one of the worlds largest and most popular exchanges. The value of Binance Coin (BNB) has been steadily climbing, with a high of $335 in February 2023 and a market capitalisation of $52.42 billion. One of the most significant advantages of Binance Coin is that it can be used to pay for trading fees on the Binance exchange, which means that as the exchange grows, so does the demand for Binance Coin.

The coin has a versatile range of use cases, including participating in token sales on the Binance Launchpad and purchasing goods and services on the Binance marketplace. Binance Smart Chain (BSC), a high-performance blockchain for building decentralised applications (dApps) and DeFi protocols, is another contributing factor to BNBs success. The growth of the BSC ecosystem has led to a surge in Binance Coins demand and market capitalisation.

Solana has gained popularity due to its incredible transaction processing speed of up to 30,000 transactions per second, making it the fastest layer 1 blockchain. Additionally, Solana has a lower transaction fee compared to other cryptocurrencies, making it a highly attractive investment option for investors who want to avoid high fees.

Solana has two primary use cases. The first is paying for transaction fees incurred when using the network or smart contracts, while the second is staking tokens as part of the networks proof-of-stake consensus mechanism. The growing ecosystem of decentralised applications (dApps) and non-fungible tokens (NFTs) built on the Solana blockchain has resulted in a surge in SOL token demand. In the past year, Solanas market success has led to a staggering 12,000% increase, proving that it is a promising investment option for crypto enthusiasts.

What is PATWARS?

PATWARS is a cryptocurrency project built on the Ethereum network, with a focus on community empowerment and user engagement. It emphasises community-driven governance and decision-making, allowing users to propose, discuss, and vote on key decisions through the PATWARSDAO governance model.

The project is guided by the PATWARS Clan, composed of four Jedi Cats, who ensure the platform remains transparent, innovative, and enduring. The integration of non-fungible tokens (NFTs) into the ecosystem enhances user engagement, creating new avenues for value creation and potential collaborations with decentralised applications (dApps) and gaming platforms. PATWARS offers exclusive NFTs featuring the four Jedi Cats, providing both a collectible and utility value for holders. The projects core values of decentralisation, transparency, and continuous innovation make it an attractive investment choice for cryptocurrency enthusiasts.

As the crypto market is constantly evolving, investing in the right digital assets can be a lucrative venture for crypto enthusiasts. Binance Coin, Solana, and PATWARS have caught the attention of investors worldwide due to their unique features and potential for growth.

Binance Coins versatility, Solanas super-fast transaction processing, and PATWARS community-driven governance and NFT integration are just a few of the standout features that make these coins compelling investment choices. With the right approach and strategy, investing in cryptocurrencies can lead to significant returns.

Click the Links Below for More Information on PATWARS!

Website: https://www.patwars.com

Twitter: https://twitter.com/PATWARSOfficial

Telegram: https://t.me/PATWARSOfficial

Sponsored

WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

AVISO IMPORTANTE: La inversin en criptoactivos no est regulada, puede no ser adecuada para inversores minoristas y perderse la totalidad del importe invertido

Thank you for taking the time to read this article. Do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.

Original post:

Coining It: Why Binance Coin, Solana, & PATWARS are the top ... - Euro Weekly News

Read More..

Ethereum’s Vitalik Buterin May Get His Way on Ether Supply Cap … – Blockworks

Ethereum has no formal cap on the supply of ether, but it looks to be getting an informal one thanks to the burn.

The total ether supply is now projected to have peaked in March at 120.5 million ETH, and has declined by about 100,000 ETH since then, according to data from Ultrasound Money.

Some observers note the historical irony of that 120 million number; Ethereum co-founder Vitalik Buterin proposed it as a hard cap back in April 2018. To be fair, it was the first day of April, and Buterin confessed the following day that his suggestion was an April Fools prank of sorts though he did intend to encourage a very real debate on the subject.

Still joke or not Buterins suggestion was generally dismissed on the merits, as unhelpful and unworkable.

At the time, the circulating supply of ether due to its genesis allocations and subsequent proof-of-work issuance stood at about 98.5 million. It would be 32 more months before long-term holders could start locking 32 ETH in the Beacon Chains validator deposit contract, and longer still before the London hard fork introduced the concept of burning a portion of Ethereum transaction fees with EIP-1559.

A year later, the Merge further bent the curve of ether supply towards deflation, as it instantly reduced the rate of issuance the supply previously required, under proof-of-work, for the network to operate.

The purpose of EIP-1559 was not to reduce transaction fees, but for them to become more predictable and thereby make the fee estimation problem the problem of choosing the optimal gas price for a transaction as straightforward as possible, according to the December 2020 research paper by Tim Roughgarden detailing the concept.

For many ether holders, the more long-term ramification, however, may be the de facto supply cap, which was considered a side benefit at the time of its introduction.

Buried on page 52 of the 58-page paper, Roughgarden wrote, because burned fees are effectively a lump sum refund to ETH holders, the value of ETH would be tied directly to the intensity of network usage.

Three and a half years later, the price is about half what it was when the networks London hard fork took effect near the height of the previous bull market euphoria. But ethers supply has been undergoing deflation for 5 months straight, fueled by all kinds of network usage, from rollups to meme tokens.

On top of that, the amount of ether staked has been trending steadily higher, reaching an all-time high Thursday, with upwards of 566,000 validators.

Around 3,100 metric tons of gold will be mined in 2023, resulting in between 2-3% supply inflation.

Bitcoins inflation rate stands at 1.74%. Ethers supply, meanwhile, has fallen 1.07% since the burn began.

Get the days top crypto news and insights delivered to your email every evening.Subscribe to Blockworks free newsletternow.

Want alpha sent directly to your inbox? Get degen trade ideas, governance updates, token performance, cant-miss tweets and more fromBlockworks Researchs Daily Debrief.

Cant wait? Get our news the fastest way possible.Join us on Telegram and follow us on Google News.

Go here to read the rest:

Ethereum's Vitalik Buterin May Get His Way on Ether Supply Cap ... - Blockworks

Read More..

IoTeX community votes massively in favor of bridging its token… – Crypto Daily

In a significant development for the blockchain industry, IoTeX's community has overwhelmingly voted in favor of Improvement Protocol 21 (IIP-21), paving the way for bridging IOTX, the native coin of the IoTeX network, to Ethereum.

The proposal received overwhelming support from the IoTeX community, with a final tally of 306 million IOTX (73.77%) voting in favor of the bridge, while 109 million IOTX (26.23%) opposed the proposal.

A total of 334 wallets participated in the vote, whose successful outcome reflects the community's enthusiasm for expanding the utility and reach of IOTX through cross-chain interoperability.

Enormous potential for Ethereum and IoTeX

Blockchain bridges have gained increasing attention as they offer numerous benefits to the blockchain ecosystem. By enabling tokens to move seamlessly between different blockchains, bridges address scalability challenges, reduce network congestion, and enhance user experiences.

One of the primary motivations behind IIP-21 is to leverage Ethereum's robust DeFi ecosystem, increase IoTeX token liquidity within Ethereum, and build a vibrant developer and user community, said IoTeX CEO and Co-Founder Raullen Chai. The proposed bridge between IoTeX and Ethereum holds immense potential for both platforms and the broader blockchain community, he added.

Presently, IOTX exists on the IoTeX network and is bridged to Binance Smart Chain and Polygon.

Addressing limitations

However, the legacy ERC-20 version of IOTX on Ethereum, known as IOTX-E, has limited supply and circulation, restricting its usage in DeFi protocols and availability on major centralized exchanges.

The proposal aims to address these limitations by implementing CIOTX (Cross Chain IOTX), a wrapped version of IOTX on the Ethereum blockchain. CIOTX will be fully backed by the circulating IOTX on IoTeX, ensuring a sufficient supply for utilization in any Ethereum-based DeFi application and circulation on centralized exchanges.

This strategic move enables IoTeX to tap into the thriving DeFi ecosystem on Ethereum, including on popular protocols like Uniswap, Curve, Aave, and Compound.

Seamless token swapping

Introducing CIOTX on Ethereum will facilitate the seamless swapping of tokens between CIOTX and IOTX-E. By listing CIOTX alongside IOTX-E on decentralized exchanges like Uniswap and Curve, users can exchange the two tokens at market prices, with the market determining their respective values based on demand. This feature enhances liquidity and provides greater flexibility for users in managing their IOTX assets.

The benefits of blockchain bridges extend beyond IoTeX and Ethereum. With IoTeX diverting some network traffic away from Ethereum, the bridge helps alleviate congestion and scalability challenges the Ethereum network faces. By dispersing transactions to other less congested blockchains, bridges contribute to the overall improvement of blockchain scalability and user experience.

A fantastic step forward

The successful passage of IIP-21 signifies a significant step forward for IoTeX and the broader blockchain community. With the bridging of IOTX to Ethereum and the introduction of CIOTX, IoTeX aims to create a comprehensive ecosystem of IOTX-backed tokens that can be utilized across multiple blockchains.

This integration of IoTeX and Ethereum opens new possibilities for DeFi applications, enhancing the utility and value of IOTX while promoting interoperability within the blockchain landscape.

As the blockchain industry continues to evolve, bridges like the one proposed in IIP-21 play a crucial role in unlocking the full potential of different blockchain platforms. By enabling seamless token transfers, bridges enhance scalability, reduce congestion, and foster collaboration between blockchain ecosystems, ultimately driving innovation and adoption in the decentralized finance space.

Leveraging IoTeXs speed and efficiency

With the bridging of IOTX to Ethereum, businesses can now explore the possibility of enabling instant payments using IOTX or CIOTX tokens, leveraging the speed and efficiency of the IoTeX network while benefiting from Ethereum's vast user base and DeFi infrastructure.

The successful implementation of IIP-21 and bridging IOTX to Ethereum represent a significant milestone in the blockchain industry. As blockchain bridges continue to gain prominence, we expect to witness the emergence of new use cases and innovative applications across various sectors, ultimately driving the widespread adoption of blockchain technology and fostering a more interconnected and efficient decentralized ecosystem.

Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

See the article here:

IoTeX community votes massively in favor of bridging its token... - Crypto Daily

Read More..