Category Archives: Decentralization
Avalanche (AVAX) The Resilient Cryptocurrency Defying Market Trends – The Currency Analytics
In the ever-dynamic realm of cryptocurrencies, where price fluctuations can be as swift as the wind, one digital asset has been capturing the spotlight for its remarkable resilience and unique features. Currently occupying the 21st spot on CoinMarketCap, Avalanche (AVAX) has been steadfastly holding its ground, even in the face of market turbulence.
Avalanche Price Analysis
As of the most recent update, Avalanche (AVAX) is trading at $9.19, with a 24-hour trading volume of $106.813 million. While it has experienced a 3.53% decrease in the past 24 hours, its crucial to look beyond the surface before drawing any conclusions about this intriguing cryptocurrency.
The Heart of the Avalanche
Avalanche is not just another cryptocurrency; it operates on a groundbreaking blockchain platform with a mission to revolutionize the crypto space through innovation and scalability. What truly sets Avalanche apart is its extraordinary ability to process an impressive number of transactions per second (TPS), positioning it as one of the fastest and most efficient blockchains in existence.
In a crypto landscape characterized by constant price fluctuations, understanding what makes Avalanche unique and why it continues to stand strong is paramount.
Scalability: The Foundation of Avalanches Strength
One of the key attributes that makes Avalanche a force to be reckoned with is its unrivaled scalability. Traditional blockchain networks like Bitcoin and Ethereum have often grappled with scalability issues, leading to congestion and high transaction fees during peak periods.
Avalanche, on the other hand, has effectively addressed this challenge. Its consensus protocol, known as Avalanche Consensus, employs a novel approach to achieve rapid transaction confirmation. This innovative mechanism enables Avalanche to process thousands of transactions per second, ensuring smooth and efficient operations even during high-demand periods.
Decentralization and Security
Avalanche places a strong emphasis on decentralization and security. The network employs a unique consensus mechanism that combines elements of proof-of-stake (PoS) and Byzantine fault tolerance (BFT). This hybrid approach not only enhances the security of the network but also promotes decentralization by allowing users to participate in network validation through staking.
Furthermore, Avalanche boasts a vibrant ecosystem of validators and node operators, further reinforcing the networks resilience against attacks and ensuring its continued stability.
Interoperability: Bridging the Divide
In a fragmented crypto landscape where numerous blockchains and tokens coexist, interoperability has become a critical concern. Avalanche rises to this challenge with its Avalanche Bridge, a robust solution that facilitates seamless cross-chain communication.
The Avalanche Bridge allows assets to move fluidly between Avalanche and other major blockchain networks, such as Ethereum. This interoperability opens up a world of possibilities for developers and users, enabling them to tap into the strengths of multiple blockchains while mitigating the challenges associated with siloed ecosystems.
DeFi and Avalanche: A Match Made in Heaven
The decentralized finance (DeFi) space has witnessed explosive growth in recent years, with users seeking more efficient and accessible financial services. Avalanche has positioned itself as an ideal platform for DeFi projects due to its high throughput, low fees, and interoperability.
Avalanche hosts a thriving DeFi ecosystem that includes decentralized exchanges (DEXs), lending platforms, and yield farming protocols. The low transaction costs on the network make it an attractive choice for DeFi enthusiasts, allowing them to engage in yield farming and liquidity provision without the burden of exorbitant gas fees.
Avalanches Resilience in a Volatile Market
In the volatile world of cryptocurrencies, price fluctuations are the norm rather than the exception. However, Avalanche has demonstrated an impressive ability to weather the storm. Even during periods of market turbulence, AVAX has maintained its relative stability, earning the trust of investors and traders.
This resilience can be attributed to several factors, including the networks technical prowess, strong community support, and the utility of the AVAX token within the ecosystem. As more projects and users flock to Avalanche, the networks robustness and stability are likely to be further reinforced.
Community and Development
Behind every successful cryptocurrency lies a dedicated community and a team of developers committed to continuous improvement. Avalanche is no exception. The project has garnered a passionate following, with an active community that contributes to its growth and development.
The Avalanche team, led by visionary founder Emin Gn Sirer, has consistently pushed the boundaries of blockchain technology. Their commitment to innovation and scalability has positioned Avalanche as a frontrunner in the crypto space, with a bright future ahead.
Conclusion: The Rise of Avalanche
In a crypto landscape characterized by uncertainty and rapid change, Avalanche (AVAX) has emerged as a beacon of stability and innovation. Its remarkable scalability, commitment to decentralization and security, interoperability solutions, and strong presence in the DeFi space have all contributed to its resilience in the face of market fluctuations.
As Avalanche continues to evolve and attract more users and projects, it is poised to play an increasingly prominent role in shaping the future of blockchain technology. Investors, developers, and crypto enthusiasts alike are keeping a close eye on this remarkable digital asset, as it stands strong against the tide of crypto market volatility, ready to make its mark in the crypto history books.
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Avalanche (AVAX) The Resilient Cryptocurrency Defying Market Trends - The Currency Analytics
Eswatini achieves the 95-95-95 HIV treatment target – a decade … – WHO | Regional Office for Africa
The Kingdom of Eswatini has made major strides in the HIV response with the goal of ending AIDS as a public health threat by 2030. Eswatini, being the first African country to achieve and surpass the 95-95-95 global HIV treatment targets in 2020, has 94% of adults (15 years and older) living with HIV aware of their status, 97% of those who are aware of their status are on antiretroviral therapy (ART), and 96% of those on ART have achieved viral suppression. The number of new HIV infections shows a steady decline over the years from 14,000 in 2010, to 4,800 in 2020 and is projected to further decline to 4,300 in 2023. HIV-related deaths have also been on the decline from a peak of about 10,000 deaths in 2005 to 2,600 in 2021 and 2,370 in 2022 (2021 UNAIDs report). The Mother-to-child transmission of HIV has also dropped from 6.3% in 2017 to 1.2% in 2022.
The strong leadership at both the political and Ministry of Health (MoH) level coupled with World Health Organization Eswatini's (WHO) presence, has resulted in a well-coordinated response that also complements the support from partners evidence-based, patient-centered care at scale. In Eswatini, WHO recommendations are the primary documents that inform the implementation of health programs, including revision of National strategic plans and treatment guidelines to suit the Eswatini epidemic status. Over the years, Eswatini has been an early adopter of the WHO HIV treatment recommendations including, policy briefs, guidelines, and tools. This character trait is what has made the kingdom achieve the 95-95-95 treatment targets ahead of time leading to a decline in HIV new infections and HIV-related deaths.
WHO provided technical leadership and assistance to the Ministry of Health in policy dialogues, development, implementation, and review of the National HIV investment case, strategic plans, and guidelines. These documents created an enabling environment for the MOH and stakeholders including civil society groups to have a shared vision, harmonizing the national response implementation and resource mobilization efforts from Government and Donors.
Among the key milestones that WHO supported in the Eswatini HIV response is the establishment of the antiretroviral therapy (ART) program in 2003 to improve access to treatment and care services. The launch of the 3 by 5 initiative by WHO and UNAIDS was also conducted in the same year. The WHO policy guidance was key in mobilizing resources for the procurement of antiretrovirals (ARVs) and in guiding the clinical delivery of ART services in Eswatini. As a member of the HIV Treatment Technical working group, WHO has been readily available to the MOH and partners to provide technical guidance on treatment optimization initiatives. This led to the National HIV treatment guidelines changing as per WHO recommendations to more tolerable fixed-dose combinations that are given once a day with fewer side effects. As per WHO recommendations, the country phased out the use of stavudine d4T and introduced the fixed-dose combination with tenofovir disoproxil fumarate plus lamivudine (TDF/3TC) and Efavirenz (EFV). In 2016, Eswatini adopted the WHO treat-all policy. The policy was successfully implemented at scale translating the knowledge gained from the operational studies that were implemented in the country prior to WHO recommendations. These included the MaxART Early Access to ART for All (EAAA) study that was implemented by the MOH with support from partners and WHO. As more patients were being initiated, Eswatini scaled up differentiated ART services and provided different models of ART service delivery including fast track, community refills, and multi-month scripting. Currently, stable clients in Eswatini can receive up to 6 months supply of ART refills and clinical appointments.
As per WHO recommendations, task shifting of HIV testing services from nurses to lay counselors, adherence support to peer-peer, and introduction of Nurse-led ART initiation was introduced in Eswatini. This allowed for the rapid decentralization of ART initiation and follow-up care and improved treatment coverage. WHO also provided technical assistance to allow for the decentralization of laboratory services including Point-of-Care CD4 testing, DNA PCR testing, and viral load testing. In 2016, WHO technically led the assessment of the viral load testing capacity and provided recommendations for scale up which were adopted by MoH. One key recommendation from the assessment was to build the capacity of the National Laboratory including human resources, the supply chain system, and decentralization of viral load testing from the national referral laboratory to regional laboratories. The country adopted and implemented these recommendations with support from PEPFAR and Global Fund leading to wider access to viral load monitoring and adherence support. As of today, all four regions of Eswatini have laboratories that can conduct viral load testing. The decentralized testing improved viral load testing coverage and turnaround time for results to support clinical management.
In 2016, as part of local evidence generation to inform National Policy, PEPFAR and WHO supported the MOH to plan and conduct a HIV drug resistance survey as guided by the WHO global protocol. WHO provided technical assistance in the local adaptation of the HIV drug resistance (HIV DR) protocol, and in the analysis of the results. The survey findings were disseminated in 2018 and showed that in Eswatini, the HIV pre-treatment resistance among new ART initiators was 10.3% to non-nucleoside reverse transcriptase inhibitors (NNRTI). WHO recommends that countries with NNRTI resistance over 10% should urgently consider changing their first-line backbone to Dolutegravir. Following the survey results, WHO provided technical assistance to drive the change of the policy towards the introduction of the more potent and more tolerable Dolutegravir-based regimen in Eswatini. This policy is what really moved the country to the viral suppression rates observed today (of greater 95 % ) leading to the reduction in HIV deaths and new infections
As a country, Eswatini through MOH and health partners, will continue to push for policies and adopt evidence-based recommendations provided by WHO that will further complement the achievements that have been made thus far. The country plans to achieve 95-95-95 in all population groups and sustain the gains by building a resilient health system that is patient-centered.
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USDC Stability Compared to Algorithmic Stablecoins – BTC Peers
Stablecoins have become an integral part of the cryptocurrency ecosystem, providing a way for investors to hedge against volatility. Two major types of stablecoins exist - those like USD Coin (USDC) that are backed by reserves, and algorithmic stablecoins that aim to maintain a peg through code and incentives. In a largely unregulated market, the different approaches raise important questions around stability and compliance.
Unlike decentralized algorithmic stablecoins, USDC relies on collateral held in reserves to maintain its 1:1 peg to the US dollar. USDC is issued by Circle, who state that every USDC token minted is backed by $1 held in bank accounts or short-term US Treasuries. The reserves are regularly attested to by certified public accounting firms. This model creates trust in the ability to redeem USDC for dollars.
This centralized backing by Circle and the reserves held gives USDC stability. But it comes at the cost of decentralization and requires trust in Circle's management of the reserves. However, Circle states USDC reserves are segregated from its corporate accounts and insured against theft or hacking. While this doesn't wholly eliminate risk, it does provide significant protections.
In contrast to USDC, algorithmic stablecoins like Ampleforth don't rely on any backing asset. Instead, they attempt to programmatically manage supply to maintain the peg. With Ampleforth, if demand increases and Ampleforth trades above $1, the supply is automatically increased to drive the price back down. Conversely, if it drops below $1, supply is decreased.
In theory, this creates a self-stabilizing mechanism. But in high volatility environments, these systems can break down and fail to hold the peg. Unlike USDC where users can directly redeem for dollars, stabilization relies entirely on chasing equilibrium through supply changes.
Trusting the system requires confidence in the code and incentives designed by developers. However, if demand significantly outweighs supply, neither code nor incentives can magically create the stablecoins needed to fill the gap. This remains an unsolved challenge for the long-term viability of decentralized algorithmic stablecoins.
"While algorithmic stablecoins offer censorship resistance and decentralization, their stability relies entirely on finely tuned code and fragile incentive structures rather than real-world assets. This makes their long-term reliability uncertain," says Michael Peterson, cryptocurrency researcher.
As stablecoins grow in prominence, regulators are increasingly scrutinizing them, especially in relation to anti-money laundering and counterterrorism financing laws. USDC is compliant with all applicable laws and registered with FinCEN as a money services business. Its reserves are held with regulated custodians, like US-chartered banks and trusts. USDC also enforces identity verification and screens transactions to block prohibited addresses.
This level of compliance gives USDC legitimacy in the eyes of regulators. Algorithmic stablecoins, on the other hand, are largely pseudonymous or anonymous. While they can screen transactions, the decentralized nature makes full compliance difficult if not impossible under current regulations. This could put algorithmic stablecoins at a disadvantage if regulations tighten.
While USDC has tradeoffs like centralization, compliance gives it an advantage in an increasingly regulated market. However, as laws evolve, truly decentralized algorithmic stablecoins may find ways to comply or even shift regulations with their innovation. But for now, USDC's compliance provides stability amid regulatory uncertainty.
USDC provides stability through reliable backing assets and compliance, while algorithmic stablecoins rely on intricate code and incentives. USDC's centralized model currently seems more robust, but algorithmic stablecoins offer increased censorship resistance and decentralization. Looking ahead, can algorithmic stablecoins match the stability and reliability of asset-backed stablecoins like USDC? Or will the fragility of their incentive models limit their stability long-term?
While USDC is fully compliant, algorithmic stablecoins face challenges meeting regulations like KYC and AML laws due to their decentralized nature. But if algorithmic stablecoins can shift regulations with their technology and demonstrate long-term stability, compliance may become less of an advantage for USDC. However, the path forward is unclear, and algorithmic stablecoins will need to grapple with regulations to gain adoption. Could regulations pose the biggest barrier to mainstream success for algorithmic stablecoins?
In conclusion, USDC and algorithmic stablecoins take fundamentally different approaches to maintaining stability. USDC's reliance on reserves and compliance gives it an edge for now. But algorithmic stablecoins offer increased decentralization and could potentially innovate both technologically and regulatorily in the longer-term. However, whether algorithmic stablecoins can achieve the same stability and reliability as USDC without compromising their core values remains to be seen. The technology and regulations surrounding stablecoins will continue evolving in the years to come.
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USDC Stability Compared to Algorithmic Stablecoins - BTC Peers
The Growth and Adoption of the XRP Ledger – BTC Peers
The XRP Ledger is the open-source distributed ledger technology developed by Ripple that is designed for executing fast and affordable transactions. The native cryptocurrency that operates on the XRP Ledger is known as XRP. Since the creation of the XRP Ledger in 2012, there has been significant growth in activity and adoption by individuals and institutions. Understanding the network statistics can provide insight into the overall health and trajectory of the XRP ecosystem.
The total number of accounts on the XRP Ledger is one metric that demonstrates the increasing usage and popularity of the network. In January 2016, there were just over 150,000 accounts created on the ledger. As of September 2023, there are more than 7.5 million accounts, representing a growth rate of over 4,900%. The pace of new account creation accelerated in late 2017 and early 2018 as interest in digital assets expanded exponentially. However, even in recent years, the total number of accounts has continued to steadily climb.
Much of this growth can be attributed to the entrance of institutional players and companies leveraging the speed, scalability, and low transaction fees of the XRP Ledger for cross-border payments and other use cases. The diverse base of accounts, from exchanges to banks, is a positive sign for the ongoing adoption of the network. The increasing account figures point to the real-world utility that the decentralized XRP Ledger is providing.
In addition to the total accounts, the transaction volume on the XRP Ledger also provides insight into the adoption and usage of the network. In January 2017, the ledger was processing around 300,000 transactions per day. As of September 2023, it is consistently handling between 3 to 7 million transactions per day. The highest daily transaction figure reached nearly 15 million in January 2018 amidst the overall crypto market mania.
Even during more steady periods, the consistent multi-million transaction per day figures demonstrate the active baseline utilization of the network. Much of this activity comes from exchanges, market makers, and transaction batching. However, there are also real use cases like money transfers and institutional cross-border payments that rely on the XRP Ledger. As more businesses and individuals experiment with and integrate XRP for payments, the transaction volumes are likely to continue increasing.
One important element related to the ongoing maturation of the XRP Ledger is the decentralization provided by the expanding group of validators. Validators on the XRP Ledger are servers or nodes that independently verify transactions and maintain agreement on the status of the ledger. Increasing the number of validators improves the resilience and decentralization of the network.
In January 2017, there were only around 10 public validators operated by Ripple and a few others. The recommended UNL or unique node list included these validators. As of September 2023, there are over 30 active validators on the public UNL and hundreds more non-validating nodes and validators on private or testing UNLs. This demonstrates significantly improved decentralization of the ledger as more entities run validators and trust different UNLs.
Prominent companies like Coinbase now operate XRP Ledger validators. The wide distribution and lack of reliance on only Ripple-operated validation will be key for the ongoing security and decentralization of the network. Overall, the growth trends for accounts, transaction volumes, and validators all signal the increasing maturity and adoption of the XRP Ledger.
The development of the XRP Ledger over the past decade has been impressive, but it is still in the early stages of enterprise and institutional adoption. While the signs are promising, there are open questions regarding the speed and scope of further adoption.
Some of the factors that could influence future growth include regulations, interoperability with CBDCs, partnerships, and overall crypto market conditions. It is unlikely that adoption and activity will follow a linear path. However, the XRP Ledger stands well-positioned to capture a significant share of the payments market. The built-in speed, scalability, low transaction costs, and institutional-grade features give it utility advantages.
As a native digital asset, XRP has the potential to serve as a bridge currency and liquidity tool between different currencies and networks. The cross-border payment flows between banks and financial institutions are where Ripple hopes to insert XRP as a reliable intermediary asset.
Thanks to the speed and scalability of the XRP Ledger, settled payments in 3-5 seconds are possible. With more bridges and partnerships connecting fiat currencies and other crypto assets to XRP, the demand and volume could increase exponentially. XRP skeptics point to the lack of major bank adoption so far as a question mark. However, the demonstrable efficiencies of using XRP provide a compelling incentive for financial institutions.
Though the future is uncertain, the XRP Ledger appears well-equipped technically to become a leading worldwide payment rail through the leveraging of the XRP digital asset. Connectivity and liquidity will be the keys to unlocking this potential. If achieved, the usage and rate of adoption of XRP could accelerate rapidly as network effects take hold.
In summary, the growth trends for accounts, transactions, validators, and decentralization point to the increasing maturation of the XRP Ledger. There is still a long runway ahead for further adoption and when viewed in the context of other leading cryptocurrency networks, the XRP Ledger remains in the early stages. The unique capabilities and positioning of XRP make it a leading contender to become a global liquidity tool and decentralized payment rail for institutions and enterprises. But uncertainties remain around regulatory clarity, bank adoption, and competition. Overall, the long-term outlook looks bright for the XRP Ledger and XRP cryptocurrency becoming a core component of the global financial infrastructure.
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Explained: How does blockchain technology work? – Times of India
Blockchain technology
is a revolutionary system that allows for secure and transparent digital transactions. It's often associated with cryptocurrencies like Bitcoin, but its applications go far beyond that. Let's break down how blockchain works in simple language.
Imagine a digital ledger or a digital notebook that records all transactions. Instead of being owned by one person or organization, this ledger is distributed across a vast network of computers, often referred to as nodes. Each node has a copy of the entire ledger, and they work together to validate and record transactions.
Blocks
Transactions are grouped together into blocks. These blocks are like pages in our digital ledger. Each block contains a set of transactions, and it has a unique identifier called a "hash." The hash is like a fingerprint for that block and is generated using a cryptographic algorithm. It's crucial for the security of the blockchain.
Decentralization
Unlike traditional systems where a central authority, like a bank, controls the ledger, blockchain is decentralized. No single entity has control over it. Instead, it's maintained by a network of computers, making it resistant to manipulation or corruption by a single party.
Consensus
To add a new block to the blockchain, all the nodes on the network must agree that the transactions in the block are valid. This process is called "consensus." Various consensus mechanisms exist, with Proof of Work (PoW) and Proof of Stake (PoS) being the most well-known. In PoW, nodes compete to solve complex mathematical puzzles, and the first one to solve it gets to add the next block. PoS, on the other hand, selects validators based on the amount of
they "stake" as collateral.
Immutability
Once a block is added to the blockchain, it's nearly impossible to alter. This is because each block contains a reference to the previous block's hash. So, if you were to change the data in one block, it would alter the block's hash. Since each block's hash is used in the next block's hash, this change would cascade through the entire chain. For someone to tamper with a block, they would need to control over 51% of the network's computing power (in the case of PoW), which is extremely challenging and costly.
Transparency
is often called a transparent technology because all transactions are recorded on the ledger, and anyone in the network can view them. While the participants in a transaction are pseudonymous (identified by cryptographic addresses rather than real names), the details of the transaction are entirely visible.
Security
The combination of decentralization, consensus, and immutability makes blockchain highly secure. It's resistant to hacking and fraud. Moreover, blockchain uses strong encryption techniques to protect data, further enhancing its security.
Smart Contracts
Blockchain can execute self-executing contracts called "smart contracts." These are programmable agreements with predefined rules. When certain conditions are met, the smart contract automatically executes without the need for intermediaries. For example, in a real estate transaction, a smart contract could transfer ownership of a property to the buyer once the payment is received.
Use Cases
While cryptocurrencies are the most famous use case, blockchain technology has applications in various industries, including supply chain management, healthcare, finance, and more. For instance, it can help trace the origin of products, securely store and share medical records, facilitate faster and cheaper cross-border payments, and provide transparent voting systems.
(The content is generated with the assistance of Artificial Intelligence)
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Explained: How does blockchain technology work? - Times of India
Opinion: Edmonton must protect its river valley and drinking water – Edmonton Journal
Last Tuesday, the citys utility committee approved Epcors flood mitigation plan. On Sept. 12, the vote goes to city council.
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Edmonton River Valley Conservation Coalition is concerned about this plans impacts not only on the river valley, but also on the protection of our drinking water. We oppose the project and urge council to think carefully about what resilience actually means.
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We have five interrelated concerns. The first is the cutting of 577 trees, including 77 mature trees. Replanting young trees will not replace mature trees; the latter offer exponentially greater carbon sequestration, flood and drought mitigation, and habitat. Some areas will be kept cut as root-free maintenance zones with lawn-covered walls with security fencing on top. It seemed lost on Epcor and councillors that one of the main causes of the climate crisis behind extreme flooding is deforestation. Nor did Epcor consult with the energy transition climate resilience committee (the advisory group that reports to council on climate matters). Edmontonians were angry about the loss of 200 trees in Hawrelak Park, yet council now seems ready to approve a project involving the loss of nearly three times that number.
Our second concern is further impact to the wildlife corridor, in particular on pinch points that are already in desperate need of restoration. This will drive wildlife into residential areas and increase conflict. It also negates our responsibility to help ensure the safe passage of wildlife along a critical corridor from the Rockies to Hudson Bay.
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Our third concern regards the questionable wisdom of trying to hold back the river in a flood plain. As Calgary and High River learned 10 years ago, water will do what it wants. Cities around the world have learned the hard way that concrete berms and barriers are mistakes. In cities in the Netherlands and the U.K., concrete walls are now being removed along rivers. They have found that working with, rather than against, nature is far more effective in preventing floods.
The cities above are instead restoring flood plains to allow for absorption of water in the landscape. In Edmonton, this would mean re-wilding Rossdale and E.L. Smith water treatment plants so that there is minimal infrastructure and healthy soil and vegetation that can absorb water during a flood. This slow-water approach is cost-efficient, protects wildlife corridors, restores vegetation that holds up banks, prevents drought (the twin crisis to flooding), and increases habitat. Why is Epcor not proposing this nature-based solution, and why is the city not demanding it, when the concrete approach has been proven to fail?
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Our fourth concern is Epcors lack of a long-term plan to decentralize water treatment. How resilient is a water system in which over 90 communities rely on just two water treatment plants (located in flood plains)? Epcor says that decentralization involves decreasing water consumption, and admits they have no plan to encourage that. At Tuesdays meeting they said the only consumption reduction they are considering targets people who have trouble paying their bills not affluent landowners who water their lawns, even though lawn watering is apparently one of the main reasons for consumption spikes in summer. This is the problem with considering water a business.
We should be protecting our drinking water through protecting the resilience of the river valley. By further degrading the flood plain and ignoring the need for decentralization, Epcor is arguably making the water system vulnerable in Edmonton and much of the region. Yes, decentralization would cost more in the short term. But consider the cost when the concrete fails (for water always wins) and the city and 90 communities are without drinking water, and all the infrastructure including the $65 million worth for this project alone is lost because we did not respect the flood plain. Epcor says much of their infrastructure goes back to the 1940s; might now be a good time to rethink the system? And while Epcor says the $22-million grant they are receiving is tied to this project, there are also grants available for ecosystem restoration, as well as for truth and reconciliation.
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That brings us to our final main concern. How does one even put a price tag on protecting the river valley and land that has the same archaeological designation as UNESCO World Heritage sites? We do not understand how the city can say it cares about decolonization while continuing to disturb important Indigenous cultural sites, as well as disrespecting the river and the land.
Council is aware of all the concerns above. For the protection of our river valley and our water, we urge them to ask Epcor for a plan that aligns with the nature-based solutions for flood mitigation happening and working in cities around the world. The urgency of the situation means we have to get this right, now.
Kristine Kowalchuk is chair of the Edmonton River Valley Conservation Coalition.
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Opinion: Edmonton must protect its river valley and drinking water - Edmonton Journal
Preserving Decentralization: The Center Consortium’s Governance … – BTC Peers
Decentralization is a foundational principle of cryptocurrency and blockchain technology. However, as stablecoins like USD Coin gain popularity, balancing decentralization with efficiency presents unique governance challenges. The Centre Consortium, led by Circle and Coinbase, aims to uphold USD Coin's decentralization through its inclusive governance model.
Stablecoins like USD Coin peg their value to fiat currencies or assets outside the crypto market. This reduces volatility, enabling use cases like global money transfers and blockchain-based financial services. However, without proper governance, stablecoins could concentrate power and undermine decentralization.
The Centre Consortium formed in 2018 to govern USD Coin (USDC) issuance and policymaking. Its founders, Circle and Coinbase, aimed to create a transparent, decentralized model, avoiding control by a single institution. The consortium operates autonomously, guided by its commitment to:
Centre's open, distributed governance model promotes decentralization. Here's how it works:
In governing USD Coin, the Centre Consortium must continually balance competing needs:
As USD Coin gains ground, Centre's foundational principles will be tested. Two key questions loom:
With greater adoption comes pressure to optimize efficiency over decentralization. Centre must reinforce its commitment to distributed governance as USDC expands. Failing to do so could undermine trust in USD Coin as a decentralized stablecoin.
Financial regulators are increasingly focused on stablecoins. This may require Centre to implement compliance processes that seem at odds with decentralization. However, thoughtful design could satisfy regulations without consolidating power over USDC.
The Centre Consortium's inclusive approach to governing USD Coin provides a model for decentralized stability amid volatile crypto markets. But maintaining this balance long-term will require continuous reaffirmation of its guiding principles. If Centre can achieve this enabling USDC's growth while resisting re-centralization it will offer valuable insights for the governance of decentralized systems.
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Preserving Decentralization: The Center Consortium's Governance ... - BTC Peers
Bitcoin ETFs will enhance Crypto Market Decentralization – Tekedia
Bitcoin is a digital currency that operates on a decentralized network of computers, without the need for a central authority or intermediary. Bitcoin ETFs are exchange-traded funds that track the price of bitcoin and allow investors to gain exposure to the cryptocurrency without having to buy, store, or manage it themselves.
There are several potential benefits of investing in bitcoin ETFs, such as:
Liquidity: Bitcoin ETFs trade on regulated stock exchanges, which means they have high liquidity and can be easily bought and sold throughout the day.
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Diversification: Bitcoin ETFs can offer investors a way to diversify their portfolio and hedge against inflation, currency devaluation, or geopolitical risks.
Simplicity: Bitcoin ETFs eliminate the hassle of dealing with bitcoin wallets, exchanges, or custodians, which can be complex, costly, or insecure.
Tax efficiency: Bitcoin ETFs may have lower tax implications than directly owning bitcoin, depending on the jurisdiction and the type of fund.
However, there are also some drawbacks of investing in bitcoin ETFs, such as:
Fees: Bitcoin ETFs charge management fees and other expenses that reduce the returns for investors. These fees may vary depending on the fund provider and the structure of the fund.
Tracking error: Bitcoin ETFs may not perfectly replicate the performance of bitcoin, due to factors such as market volatility, liquidity constraints, or regulatory issues. This means that the price of the fund may deviate from the price of bitcoin over time.
Regulatory uncertainty: Bitcoin ETFs are subject to the rules and regulations of the jurisdictions where they are listed and traded, which may change or differ from those governing bitcoin itself. This creates uncertainty and risk for investors, especially in countries where bitcoin is not widely accepted or legal.
Limited availability: Bitcoin ETFs are not widely available in many markets, as they face significant regulatory hurdles and skepticism from authorities. As of August 2023, only a few countries have approved or launched bitcoin ETFs, such as Canada, Brazil, and Germany.
Decentralization means that no single entity or authority has control over the network, the transactions, or the governance of the system. Instead, the power is distributed among the participants, who can verify, validate, and contribute to the network in a transparent and democratic way.
Why is decentralization important for the cryptocurrency industry? There are several reasons:
Decentralization enhances security. By eliminating the need for intermediaries or central servers, decentralization reduces the risk of hacking, censorship, or manipulation. The network is protected by cryptography and consensus mechanisms that ensure its integrity and reliability.
Decentralization promotes innovation. By allowing anyone to participate and contribute to the network, decentralization fosters a culture of creativity and experimentation. The network can evolve and adapt to the changing needs and preferences of the users, without being constrained by bureaucratic or regulatory barriers.
Decentralization empowers users. By giving users more control over their own data, assets, and identity, decentralization enhances their privacy and sovereignty. Users can choose how to interact with the network, what services to use, and whom to trust, without relying on third parties or intermediaries.
The cryptocurrency industry will only become better as it becomes decentralized. Decentralization is not only a technical feature, but also a social and economic vision. It is a vision of a more open, fair, and inclusive world, where everyone can benefit from the opportunities and advantages of digital currencies.
Bitcoin ETFs are a convenient, decentralized and accessible way for investors to gain exposure to the cryptocurrency market, but they also come with some challenges and risks. Investors should weigh the pros and cons of investing in bitcoin ETFs carefully before making a decision.
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Bitcoin ETFs will enhance Crypto Market Decentralization - Tekedia
XRP Decentralization Debates and Its Inflationary Token Distribution – BTC Peers
The debates around XRP's decentralization and inflationary distribution have been ongoing within the cryptocurrency community. As the third largest cryptocurrency by market capitalization, XRP possesses unique properties that separate it from the likes of Bitcoin and Ethereum. Understanding the arguments from both sides can shed light on the future of this controversial digital asset.
Critics point out that XRP was created by the company Ripple and a majority of the total supply is still held by them. This leads to claims that XRP is centralized, with Ripple able to potentially manipulate the price and blockchain. Unlike Bitcoin and Ethereum which have thousands of nodes, the XRP ledger only has a few authorized validators approved by Ripple. There are also concerns about Ripple halting transactions and rolling back ledger states if needed. The high degree of control by a single company is seen by many as going against the ethos of decentralization.
On the other side, proponents argue that the XRP ledger is open source and anyone can run a validator node. The list of validators is also increasingly diversified as Ripple reduces its share. No single entity, including Ripple, can unilaterally control the ledger. XRP is also traded on numerous independent digital asset exchanges. Furthermore, Ripple hopes to eventually fully decentralize XRP over time and is releasing more tokens into the open market. The technology and governance structure may allow for greater decentralization moving forward.
A key criticism of XRP is the fact that 100 billion tokens were created at inception, with a large portion held by Ripple. This "pre-mine" and founder's reward goes against the culture of other cryptos like Bitcoin that were more fairly launched. It grants excessive power to founders who can sell their tokens and potentially crash the price. Having a controlling share also raises fears of price manipulation by founders looking to take advantage of retail investors for personal gain.
Unlike Bitcoin's fixed supply, XRP releases a small number of new tokens each year. This worries some that it could lead to inflation and reduce scarcity. However, the inflation rate is fixed at a negligible rate unlikely to affect the token price. Ripple also locks up unused tokens to control the circulating supply. While not as deflationary as Bitcoin, many believe the predictably low inflation makes XRP functionally "fixed" supply for all practical purposes.
As XRP increases adoption for cross-border payments, regulatory concerns may necessitate decentralization. Market forces may also demand Ripple reduce its control as a condition for institutional investment. If Ripple executes well on technical roadmaps to enable decentralized control and governance, XRP could potentially transition to a permissionless blockchain. However, some question whether Ripple has incentives to fully give up authority over such a valuable asset. The coming years will determine whether decentralization can win out over corporate interests.
The high profile lawsuit alleges Ripple conducted an unregistered securities offering by selling XRP tokens. A ruling affirming this could greatly impact XRP, potentially classifying it as an illegal security. However, many experts believe the "Howey Test" shows XRP behaves as a currency rather than a security. Settlement is also likely given the nuances. Still, the lawsuit highlights the risks of XRP's centralized control. Regardless of outcome, it may accelerate decentralization efforts and require concessions from Ripple. The company's flexibility and willingness to compromise will shape XRP's ability to comply with regulations.
In conclusion, XRP's non-traditional origins and current governance invoke reasoned debates within blockchain circles. While its creators feel central control is justified, decentralization proponents await stronger technical and legal assurances. Moving forward, XRP's progress on these fronts will determine if it can bridge the gap between corporate and community interests. Striking the right balance will enable XRP to keep gaining adoption as a fast and efficient means of value transfer through tried and tested infrastructure.
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XRP Decentralization Debates and Its Inflationary Token Distribution - BTC Peers
Lido Finance ETH Staking Nears 33%; Alarming for Decentralization – The Coin Republic
Blockchain brings revolutionary and harmless solutions to help develop new technologies and adapt existing ones. One key factor in blockchain tech is decentralization, which became its synonym. The broader decentralization finance (DeFi) has the inherent way of a democratic financial system. Ethereum, being the first of such blockchain networks, saw the rise of DeFi protocols and budding decentralization that now, the community thinks, is in jeopardy.
In the past several days, the discussion around Lido Finance being the biggest Ethereum staker saw an increase. This came at a point when some prominent ETH staking protocols reportedly committed or were preparing to commit the self-limit rule of 22%.
Amid this 22% self-limiting ETH staking provision, the issue of Lido Finances current Ethereum staking came into the mainstream discussion. The liquid staking protocol is the biggest on the Ethereum blockchain and accounts for about 32.4% of the overall staked ETH, according to the Dune Analytics data.
The staking mechanism over the decentralized protocols is meant to provide a better alternative to the traditional governance system. The regime was expected to work smoothly keeping the underlying decentralization intact. But it gets disturbed with the more control getting amassed to a single entity.
Ethereum community members considered the issue a threat to the decentralization of the blockchain network and called out over social media.
In an X (formerly Twitter) post on Friday, the chief decentralization officer at Ethereum, Evan Van Ness, stated Lido Finance as the biggest attack on Ethereums decentralization. Historically the protocol is on its way to breach 33% of all the staked Ethereum and yet no one is talking about it.
Prominent Ethereum investor Ryan Berckman posted a long tweet and talked about the threat to Ethereum from the growing centralization of Lido.
Berckman expressed concerns that Lidos uncapped dominance uniquely poses a threat to Ethereums reputation as a decentralized blockchain. He also raised the possibility that this dominance could potentially impact the long-term valuation of ETH. Berckman urged that addressing this issue is crucial to safeguarding these goals from being hindered.
Berckman conveyed that if such a scenario were to occur, it could potentially influence the rate of their growth significantly. Consequently, it might also impact the benefits Ethereum brings to humanity and the numerical value of ETHs long-term valuation.
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Lido Finance ETH Staking Nears 33%; Alarming for Decentralization - The Coin Republic