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XRP Army Outrages Over Joseph Lubin’s Involvement in Hinman … – Crypto News Flash

August 11, 2023 | Author: admin

Digital Art XRP Logo Symbol. Ripple Cryptocurrency Futuristic 3D Illustration.

In the latest controversial revelation, oversight watchdog group Empower Oversight released a new batch of documents for a Freedom of Information Act (FOIA) request. The documents highlight the deeper involvement of Ethereum co-founder Joseph Lubin and his blockchain firm ConsenSys in the crypto speech by former SEC Director of Corporation Finance, William Hinman, on June 14, 2018.

This speech has been a source of disagreement in the Ripple case, particularly because the SEC has stated that other cryptocurrencies, like XRP, were also considered unregistered securities. Ripple attorneys stressed much on the Hinman speech of 2018 during its fight with the SEC, as it noted that assets like Ethereum arent securities. However, the latest details of Lubins involvement have sparked major outrage in the XRP community.

The documents released by the watchdog group reveal that Lubin also appears to have been responsible for bringing Hinman and Ethereum creator Vitalik Buterin together as the speech drafting advanced. Moreover, investors and lawyers closely linked to Ethereum were notably present at a meeting on March 28, 2018, regarding a proposal for a crypto safe harbor.

The documents also show that Hinman had a meeting with Chris Lin, a partner at Simpson Thacher, which goes against advice on conflicts of interest rules. The SEC Ethics Office had warned Hinman multiple times because he was receiving millions of dollars from Simpson Thacher while working at the SEC.

Empower Oversight has been leading the fight for more transparency at the SEC. They have filed many requests and lawsuits under the Freedom of Information Act (FOIA) to make the SEC release documents related to their decisions about cryptocurrency matters.

The news has sparked reactions among XRP supporters. In a tweet yesterday, Crypto-Law.US pointed out that the newly disclosed emails show how Lubin influenced Hinmans decision to title his speech The Ether Speech.

As a response, Attorney John Deaton, the founder of Crypto-Law.US, shared how Hinman lied during his deposition in the Ripple lawsuit. Hinman had claimed that he never discussed the content of his speech with anyone outside the SEC before June 14. However, the Hinman documents revealed that he had a meeting with Buterin a week before his speech on cryptocurrencies.

Fred Rispoli, a lawyer at HODLaw, praised the efforts of Empower Oversight, tweeting, Great job Empower Oversight. SEC never expected these documents to be made public

Similarly, Digital Asset Investor.XRP also questioned the double standards noting: Why was Bill Hinman doing backflips to accommodate Joseph Lubin and Vitalik Buterin while at the same time giving Brad Garlinghouse the run-around with the help of Jay Clayton and even coming back to the SEC after he left to make sure the Ripple lawsuit went through?

Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to cryptocurrencies. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned.

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Bitcoin Spark Gains Traction Amongst Shiba Inu And Dogecoin Investors – Benzinga

August 11, 2023 | Author: admin

Bitcoin stands as the undisputed king, but other altcoins and meme coins like Shiba Inu and Dogecoin are an integral part of the crypto market. The rise of Bitcoin Spark, a new and promising cryptocurrency, has created a buzz among SHIB and DOGE holders. This article will delve into the intricacies of Shiba Inu and Dogecoin, explore the potential of Bitcoin Spark, and examine why it's garnering attention from investors of these popular altcoins.

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Often referred to as Dogecoin's nemesis, Shiba Inu represents a decentralized digital currency that came into existence in August 2020. Inspired and named after the Japanese breed of Shiba Inu dogs, this alternative coin was initially dismissed as a mere mockery within the cryptocurrency fraternity. However, its strong community backing coupled with immense growth prospects quickly garnered attention.

Shiba Inu is built upon Ethereum's blockchain technology and employs the ERC-20 token standard. The originators of Shiba Inu adopted an unconventional route for its distribution strategy - half of the total supply was securely locked in Uniswap to assure decentralized exchange liquidity while the remaining portion was donated to Ethereum co-founder Vitalik Buterin who then burned a substantial amount. This action effectively shrunk the available tokens thereby enhancing their scarcity.

From simple origins, Shiba Inu has witnessed tremendous popularity surge particularly amongst everyday investors. Its appealingly low price combined with ample availability places it as an enticing investment option for those desiring portfolio diversification via potentially lucrative altcoins. This remarkable growth trajectory paired with rising investor curiosity has solidified Shiva Inu's standing amidst the unpredictable landscape of digital currencies.

Dogecoin, a renowned meme cryptocurrency, was brought to life in 2013 by tech engineers Billy Markus and Jackson Palmer. The creation was motivated by the viral "Doge" Internet meme involving a Shiba Inu dog, and Dogecoin sprang up as an amicable and light-hearted digital currency.

Operating on its blockchain influenced by Litecoin's blockchain infrastructure, Dogecoin uses the Scrypt algorithm for its Proof-of-Work consensus protocol. With infinite availability of coins and over 130 billion units in circulation already, it is favored for microtransactions and web-based tipping due to minimal transaction costs and swift approval times.

Despite its humorous inception, Dogecoin has managed to earn substantial credibility within the crypto sphere owing to endorsements from high-profile personalities like Elon Musk and Mark Cuban. Its commitment towards community-driven ideals along with escalating usability has solidified Dogecoin's position among both novice investors as well as expert traders. This surge of adoption combined with increasing practicality makes this digital coin a popular investment choice.

The advent of Bitcoin Spark has created a stir among Shiba Inu and Dogecoin investors. Dubbed as the "next big thing" in crypto, Bitcoin Spark offers the enticing prospect of buying Bitcoin again at $1, metaphorically speaking. This new cryptocurrency aims to provide a more efficient, secure, and user-friendly platform for transactions and investments.

Bitcoin Spark operates on its blockchain, ensuring faster transaction times and enhanced security. It uses a unique consensus mechanism that eliminates the need for expensive and energy-consuming mining processes, making it more environmentally friendly than its counterparts, including Bitcoin. It uses a hybrid consensus mechanism called Proof-of-Process (PoP) that combines the benefits of PoS and PoW.

At the core of Bitcoin Spark's appeal is its potential for massive growth. Its low initial price and limited supply create an environment ripe for exponential growth, reminiscent of the early days of Bitcoin. This potential, coupled with its advanced features and robust security, make Bitcoin Spark an attractive investment for those looking to capitalize on the next big cryptocurrency boom.

To conclude, while Shiba Inu and Dogecoin sustain their growing appeal, the advent of Bitcoin Spark unfolds an intriguing prospect for investors. The blend of its growth potential and cutting-edge attributes makes it a compelling option for individuals aiming to broaden their assortment of digital currencies.

For more information:

Website: https://bitcoinspark.org/

Buy BTCS: https://network.bitcoinspark.org/register

This post was authored by an external contributor and does not represent Benzinga's opinions and has not been edited for content. This contains sponsored content and is for informational purposes only and not intended to be investing advice.Cryptocurrency is a volatile market; do your independent research and only invest what you can afford to lose. New token launches and small market capitalization coins are inherently more risky than large cap cryptocurrencies. These tokens are subject to larger liquidity and market risks.

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Bitcoin Spark Gains Traction Amongst Shiba Inu And Dogecoin Investors - Benzinga

Decoding Ethereum Price Movements: What Traders Should Know | Mint – Mint

August 11, 2023 | Author: admin

When the then-19-year-old Vitalik Buterin released the Ethereum whitepaper in 2013, his vision made sense to less than 30 people. A decade later, the once-novel idea has grown into a revolutionary force reshaping the world of finance and technology in unimaginable ways. As the second-largest cryptocurrency by market capitalization, Ethereum is truly in its own league.

To the unfamiliar, Ethereum is a decentralized blockchain platform that creates and executes smart contracts. This has birthed an entire ecosystem comprising thousands of groundbreaking decentralized applications or dApps, such as DeFi protocols, NFT marketplaces, identity solutions, and gaming platforms, to name a few. Ethereum uses Ether, ETH, as the native token for interactions on the network. ETH is currently the second-largest crypto by market capitalization.

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However, like other cryptocurrencies, the Ethereum price has been on a wild roller coaster over the past few years, and it seems like the worst isnt over yet. According to Yahoo! Finance, a bipartisan bill seeking to regulate DeFi like a bank has been tabled to the US Senate. This bill has a lot of implications for Ethereum because much of what happens on the platform has to do with DeFi, building decentralized exchanges, and creating lending and borrowing protocols. If it passes, it will automatically affect the entire ecosystem, limiting what users can and cant do on the Ethereum network in the future.

Some positive developments on the network have also impacted the Ethereum price in recent months, such as the Merge. On 22 September 2022, Buterin informed the world via Twitter that Ethereum had finalized the switch from proof of work to proof of stake. This was made possible by joining Ethereum with the proof of stake blockchain called the Beacon chain in what is now known as the Merge. This merger made the network more secure, faster, and sustainable. Upon completion of the Merge, Ethereum reduced its energy consumption by 99.95%, making it a green blockchain and attracting many climate-conscious investors.

Beyond the sustainability aspect, the greatest achievement of the Merge was what it did for Ethereums issuance. Unlike other cryptocurrencies, Ethereum doesnt have a cap on its supply. This means the number of coins in circulation can double at any time, leading to more demand and lower prices. Before the Merge, there were about 13,000 ETH minted every day. Today that has dropped to only 1,600 per day, a 90% drop in pre-Merge issuance. Per Ethereums roadmap, the platform has 5 more developments in the pipeline aimed at lowering the gas fees, improving scalability, reducing decentralization risks, and reducing computational costs of running nodes.

With the past developments and future plans, Ethereum will most likely hold strong for the foreseeable future. Looking back, Ethereum reached its all-time high price of $4,847 on 10th November 2021, when the circulating supply was about 118 million, and its market cap was $576 billion. By 25th July 2023, the Ethereum price stood at US$1,853.44, with a circulating supply of 120.23 million and a market cap of $222.83B.

In terms of tokenomics, the Ethereum supply has only gone up slightly since its last bull run, and should the trend hold, there will be about 118 million ETH in circulation by November 2025. If it maintains its dominance in the market during the peak of the last bull run, Ethereum will hold 22.4% of all the money in crypto. To predict the price, we just have to divide Ethereums market cap by the circulating supply. So, if the market cap of all crypto rises to 10 trillion, Ethereum would hold $2.24 trillion, and one ETH would cost $18,983. However, other factors can affect the markets volatility and Ethereums dominance in the industry, so investors should be ready for anything.

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

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Proof of Personhood: Balancing Identity and Privacy in Web3 – The Coin Republic

August 11, 2023 | Author: admin

Proof of personhood is an idea by Vitalik Buterin, co-founder of Ethereum, to authenticate that online accounts are tied to real human beings rather than bots or duplicate identities. The essential premise is for individuals to sign cryptographic statements asserting uniqueness about themselves digitally.

In a blog post, Buterin outlined some potential approaches to implementing proof of personhood using zero-knowledge proofs. One method would be to have users sign statements about unique attributes about themselves that would be difficult for bots to replicate, like I am 1.7 meters tall or My mothers maiden name is X. The user would then generate a zero-knowledge proof to show they possess the secret attributes without revealing the actual attributes.

Another approach is to leverage social graphs, where users prove they have long-standing social connections to other verified humans. This aims to show that the user is part of an authentic social network, not just a fake account. For example, users could prove they have at least 50 social media connections and have been on the platform for over 5 years.

Buterin notes significant challenges around preventing Sybil attacks, where a single entity pretends to be multiple accounts. He suggests combining techniques like proof of uniqueness, proof of humanity, and social graph verification to make l attacks economically infeasible.

In general, Buterin views proof of personhood as a concept that is aligned with Web3 values of self-sovereign identity and preventing centralized platforms from exploiting user data. He believes new cryptographic techniques can balance privacy and verification goals. However, he acknowledges the risks of bias, exclusion, and other issues that must be worked out.

There are also criticisms of proof of personhood as being potentially discriminatory. Requiring verified personal attributes could marginalize vulnerable groups who struggle to provide government IDs or biometric data. The verification costs exclude people in developing nations needing more computing resources.

Lately, demand for proof of personhood has increased since Worldcoin started. A distinct human verifies their World ID on average every 7.6 seconds, and daily records are broken.

Proof of personhood represents an emerging concept that is well-aligned with Web3s ideals of decentralization and user-controlled identity. However, there are still significant barriers to a viable real-world implementation. As Ethereum co-founder Vitalik Buterin outlined, proof of personhood aims to validate that online accounts are tied to unique human beings rather than bots or sybils. This has obvious appeal for Web3 platforms looking to build trust and prevent fraudulent behavior. Buterin has proposed approaches like zero-knowledge proofs and social graph verification, which balance privacy and accountability.

Buterin acknowledges these challenges and cautions that community input will be essential to avoid exclusionary effects and bias. For the foreseeable future, proof of personhood will likely remain theoretical than practical. While the concepts are intriguing, much work remains across cryptography, governance, and inclusive ethics before proof of personhood can be responsibly implemented at scale. Any real-world application must carefully weigh benefits against potential risks of increased surveillance, discrimination, and digital inequality.

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Proof of Personhood: Balancing Identity and Privacy in Web3 - The Coin Republic

Frens Forever? Building a Social Graph on Bitcoin With Ordinals – Decrypt

August 11, 2023 | Author: admin

A friendly new protocol has just dropped on the ever-expanding Ordinals ecosystem. Dubbed .frens, the project brings the social aspect of Bitcoin onto its immutable blockchain.

Spawning from the decade-old meme term frenwhich means friendthe .frens protocol is designed to build a social graph on Bitcoin where users declare their social connections via Ordinals Inscriptions.The protocol also relies on an indexing feature that creates a reputation score depending on how many interactions a particular address hasa measure of social capital.

The protocol shares its name with many other unrelated projects, including a Fren Protocol deflationary pepecoin token, a Frens Protocol oracle API, and a Frenz NFT metaverse. But the .frens protocolwhich relies on the Ordbit inscription serviceis the only one focused on social connections.

Making friends and networking is key in real life and the digital domain, said the protocols pseudonymous creator, Doggfather, with the latter type of interaction mostly happening on Twitter. He explained to Decrypt, however, that on the centralized Twitter platform, accounts and handles get seized daily, proving that you dont own your network or audience on Web2 platforms.

For Doggfather, the new .frens protocol ecosystem is a way to use Ordinals to come closer to the Web3 ethos of a decentralized social network on Bitcoin. As he told Decrypt, you own your .frens soulbound token.

Vitalik Buterin once proposed Soulbound Tokens (SBT), a non-transferable token that represents credentials and affiliations within DeSocdecentralized societyand are linked to Souls, a type of address that establishes provenance.

Doggfather uses the same vernacular as Ethereums creator, writing in his exhaustive and elaborate .frens guide that Soulbound tokens are blockchain-based tokens representing a persons characteristics, features, traits, and achievements.

He contrasts them with Non-Fungible Tokens (NFTs), delineating that these cannot be transferred from your soul, or wallet.

According to Jake Gallen, head of NFT strategy and product at Emblem, introducing .frens as SBTs on Ordinals means they are absent of speculative principles. He told Decrypt that it's going to take some time for it to become adopted but has the ability to be a cornerstone protocol of the non-financialized sector of Ordinals.

The use-cases are plentiful, Doggfather said.

Once the .frens network reaches a critical network size, it will become a robust reputation signal to the Ordinals and Bitcoin community," he explained. Users with high .frens scores will have cheaper DeFi loans, need to pledge less collateral, and their Ordinals collection drops will achieve better primary and secondary market outcomes."

Although the .frens protocol remains in private beta, allowing Doggfather and his team to sort out the kinks and test the network, the creator predicts a bullish trend for anything Ordinals-related.

Whether it's the .frens protocol, metaverse projects, or digital identities, these projects will outlive us, he told Decrypt. We are experiencing history in the making.

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Frens Forever? Building a Social Graph on Bitcoin With Ordinals - Decrypt

Bitcoin Adoption Ignites The Market; Ethereum, Signuptoken.com … – Analytics Insight

August 11, 2023 | Author: admin

Bitcoin (BTC) adoption has proven itself as something great. It has significantly affected Bitcoins price, and big companies like MicroStrategy have started hoarding the asset. With well-established businesses showing increasing interest in Bitcoin, other altcoins like Ethereum (ETH) and Signuptoken.com (SIGN) have started gaining popularity as well. While Ethereum is already a big name in the crypto market, SignUp Token is on its way to becoming great! In this article, we will examine and analyze the similarities and differences between Bitcoin, Ethereum, and SignUp Token, and explore how Bitcoin adoption can have a positive impact on Ethereum and SignUp Tokens crypto presale.

Bitcoin adoption has undeniably won the hearts of numerous established companies, and one of the notable names embracing the digital gold is MicroStrategy. The prominent business intelligence firm recently released its financial results for the second quarter of the fiscal year 2023, making headlines for its Bitcoin holdings as part of its capital allocation strategy.

Michael Saylor, the co-founder and chairman of MicroStrategy, disclosed that the company added another 467 BTC, amounting to $14.4 million. With its latest addition, MicroStrategy now holds a staggering 152,800 BTC, valued at approximately $4.53 billion. This significant move is poised to have a ripple effect on the cryptocurrency market, further elevating the reputation of Bitcoin adoption as well as digital assets.

Ethereum, launched in 2015 by Vitalik Buterin, is not just a cryptocurrency but a versatile platform that supports smart contracts and decentralized applications (dApps). Its adoption has also been on the rise, with various industries exploring its potential for streamlining processes and creating innovative solutions. Ethereums blockchain enables developers to create decentralized applications, making it a hub for new projects and tokens.

Compared to Bitcoin, Ethereums value proposition is rooted in its utility and flexibility. Its growing ecosystem attracts developers and businesses, which further fuels its adoption. Additionally, Ethereums upgrades, like Ethereum 2.0, aim to address scalability issues and improve transaction speed, making it an appealing choice for both developers and users.

SignUp Token is a relatively new player in the crypto market, but its already creating waves with its unique approach to presales and community building. As a crypto coin, SignUp Token positions itself to offer a promising 72x ROI, starting at $0.01 and expected to reach $0.72 upon its launch on Uniswap.

SignUp Tokens success lies in its focus on community engagement. The team encourages users to refer family and friends to the project, fostering a strong and genuine community. This referral system allows the project to grow organically and ensures that early investors receive perks, such as early notifications about the token launch on Uniswap.

With an approved audit and a clear roadmap, SignUp Token aims to capture the attention of crypto investors looking for high ROI opportunities. Its unique approach to presales without multiple stages sets it apart from other projects, emphasizing simplicity and transparency.

Bitcoin adoption as well as Ethereums has ignited the cryptocurrency market, attracting institutional interest and driving mainstream recognition. While Bitcoins status as a store of value remains strong, Ethereums versatile platform and ongoing upgrades have positioned it as a prominent player in the crypto space.

Amidst this crypto frenzy, SignUp Token emerges as a promising presale opportunity. By focusing on building a strong and genuine community through referrals, SignUp Token sets itself on a path to success. Its approved audit, high ROI potential, and straightforward roadmap make it an appealing investment option for those seeking new opportunities in the crypto market.

Visit SignUp Tokens official website and social media channels to be a part of this amazing investment opportunity. Click on the links below to learn more.

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken

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Decentralization at its Finest: Comparing DogeMiyagis DAO … – Tekedia

August 11, 2023 | Author: admin

In order to empower users, build confidence, and support democratic decision-making, decentralization is a fundamental principle of the crypto sphere. What sets DogeMiyagi(MIYAGI) apart isnt just its catchy name; its the transition to a Decentralized Autonomous Organization (DAO) and the unique governance. Solana (SOL), the high-performance blockchain network, and Ethereum (ETH), the ground-breaking smart contract platform but 2500 ETH burns is a notable event, as it contributes to the overall reduction of Ethereums circulating supply, potentially impacting its scarcity and value over time.

However, as Ethereum experiences notable market activity with the recent 2500 ETH Burns, an alternative contender steps into the limelight DogeMiyagi. In this comparative article, we delve into the intricacies of these three entities, exploring the benefits of decentralized decision-making within the DogeMiyagi ecosystem, and offering a fresh perspective on project development in the world of fintech.

Ethereum, often referred to as the world computer, laid the foundation for decentralized applications and smart contracts. Launched in 2015 by Vitalik Buterin, Ethereum introduced a groundbreaking concept that extended beyond mere transactions. The Ethereum market has been experiencing significant movement lately, driven in part by the 2500 ETH burns. Smart contracts, self-executing agreements with terms directly written into code, brought a new dimension to blockchain technology. 2500 ETH burns involves sending it to an address where it becomes unspendable, effectively reducing the total supply of Ethereum in circulation.

Ethereums governance primarily relies on a community-driven approach. Decisions are proposed and discussed within the Ethereum Improvement Proposal (EIP) process, where participants debate changes, improvements, and upgrades to the network. Ethereums transition to Ethereum 2.0 further underscores its unwavering commitment to decentralization. This move involves shifting from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, empowering token holders to take a more proactive role in the networks decision-making processes.

Solana, a relatively newer player in the blockchain ecosystem, differentiates itself with its remarkable transaction speeds and scalability. Solana was designed to address the scalability issues faced by many other blockchains, leveraging a unique consensus mechanism known as Proof of History (PoH) alongside PoS. This combination enables Solana to process thousands of transactions per second without compromising on security.

Solanas governance model, similar to Ethereums, encourages community involvement. Proposals for protocol upgrades and changes are submitted through the Solana Improvement Proposal (SIP) process. Community members and validators collaborate to assess and vote on these proposals, ensuring a collective voice guides the platforms evolution.

DogeMiyagi, often celebrated as a top new memecoin, has captured the attention of the crypto community with its playful yet purposeful approach. Beyond the humor, DogeMiyagi is making a profound shift by transitioning to a DAO. This transition empowers its community members to actively participate in decision-making processes, aligning with the broader theme of decentralization within the crypto space.

At the core of DogeMiyagis model is decentralized decision-making. Through its DAO structure, token holders are granted voting power on important matters, such as project development, partnerships, and even meme contests. This approach ensures that the communitys collective wisdom shapes the projects trajectory, reducing centralized control and fostering a sense of ownership among members.

In the realm of cryptocurrency and fintech, Ethereum and Solana have paved the way for blockchain innovation, each with its unique strengths. However, the emergence of DogeMiyagi and its transition to a DAO introduces a novel approach that emphasizes community empowerment and inclusivity.The 2500 ETH burns is a notable event, as it contributes to the overall reduction of Ethereums circulating supply, potentially impacting its scarcity and value over time. As the fintech landscape continues to evolve, the concept of DAOs and decentralized decision-making could become a cornerstone, enabling projects like DogeMiyagi to stand out as leaders in the crypto market.

Be a part of this groundbreaking movement, and consider joining the DogeMiyagi presalean opportunity to contribute to a network poised to lead the crypto market with its innovative approach.

Find out more about DogeMiyagi (MIYAGI):

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi

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Decentralization at its Finest: Comparing DogeMiyagis DAO ... - Tekedia

BSV blockchain sets new world record with 128M transactions in 24 … – CoinGeek

August 11, 2023 | Author: admin

August 8, 2023, was yet another record-breaking day for the BSV blockchain.

In a 24-hour period, 128.691 million on-chain transactions were processed on the original Bitcoin protocol, proving once again that theoretical scaling limits are illusory.

Powering the transactions was Rekord IoT, a company focused on building the bridges between devices, machines, and indeed anything with IoT connectivity and the BSV Blockchain, according to its founder James Marchant.

Despite the massive number of transactions, which would have crippled most other blockchains, the fee per transaction remained a tiny $0.000005, according to BSVdata.com. This demonstrates BSV blockchains capability to power applications that utilize micropayments at scale.

Why is BSV blockchains massive scalability important?

In a statement on the record-breaking number of transactions, Ayre Group and CoinGeek founder Calvin Ayre highlighted why on-chain scalability is important. Ayre pointed to how scaling records like this give enterprises and startups confidence to build on the BSV blockchain, which in turn will lead to more transactions, incentivizing miners to focus on BSV, thus securing the network a virtuous feedback loop that builds a stronger, better blockchain at every step.

Just like theres no need to be two internets, there will only be one platform. And that platform has to be, by definition, the one that scales, Calvin Ayre

Ayre should knowsince day one, he has been an outspoken proponent of big-block Bitcoin and a believer in its ability to scale on-chain, as its inventor Dr. Craig Wright has always said. Truthfully, this record-breaking day will be a blip on the radar as BSV blockchain scales to the sort of enterprise levels Dr. Wright, Ayre, and others envision.

But its just test data!

Of course, critics will say that the 128+ million transactions are not due to real demandits just BSV blockchain entrepreneurs putting things on-chain for the sake of it.

While its true that these are tests, the critics, as per usual, miss the forest for the trees. The point is to demonstrate that even at this relatively early stage, BSV is capable of scaling to levels other blockchains simply cant.

Already, before the release of Teranode, BSV blockchain is running laps around other blockchains, and its only getting started. This is the sort of scalability required if the Internet of Things is to run on blockchain technology.

Right now, BSV entrepreneurs are like Thomas Edison in his labtinkering, testing, iterating, and trying to find out where the limits are so as to make improvements and find out what needs to be done so that, in the future, BSV blockchain is capable of handling 100+ million transactions per second, let alone per day.

And if other blockchains do manage to figure out scalability on BSVs level, theyre going to run straight into a brick wall of patents belonging to nChainDr. Craig Wright and his team have been working diligently to make sure that his vision for Bitcoin is fulfilled and his invention reaches its potential.

Entrepreneurs, developers, and builders of all kinds would do well to pay attention to BSV blockchain. In the end, promises of scaling someday will not allow for business applications that work today, and by the time snake oil salesmen like Vitalik Buterin are found out, it will be too late.

The time to build is nowand theres only one blockchain capable of handling the heatthe original Bitcoin, BSV blockchain.

Watch Calvin Ayre on CoinGeek Backstage: Floodgates will be opened once we can prove unbounded scaling

New to blockchain? Check out CoinGeeks Blockchain for Beginners section, the ultimate resource guide to learn more about blockchain technology.

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BSV blockchain sets new world record with 128M transactions in 24 ... - CoinGeek

The Evolution of Crypto Wallets: Exploring The History and Future of … – Techopedia

August 11, 2023 | Author: admin

The first-ever cryptocurrency wallet was released alongside bitcoin (BTC) in 2009. Over the past decade, technology has evolved to become more advanced and gain a variety of features.

In this article, we delve deeper into the evolution of cryptocurrency wallets and how they work.

Like with any other form of currency, cryptocurrencies need a place where they can be stored. This is where crypto wallets come in.

They allow users to manage all of their cryptocurrency balances in one place and support easy transfers through the blockchain. Some wallets allow users to sell or buy assets, as well as interact with decentralized applications (dApps).

Cryptocurrency wallets work by utilizing cryptographic keys, a long string of random and unpredictable characters, to secure and manage a users currency holdings. These keys are essential for conducting transactions on a blockchain network. There are two types of cryptographic keys every crypto wallet has: public and private.

The first ever cryptocurrency wallet was created by Satoshi Nakamoto alongside the first ever digital asset, bitcoin (BTC).

In order for the wallet to be usable, a user had to download the entire history of the BTC blockchain. This was doable at the start, however, as the coin gained more popularity and expanded, so did the period of synchronization.

According to a review published by Ethereum founder Vitalik Buterin in 2012, by then, the cryptocurrency wallet had to be running practically constantly so that it could always be updated with new BTC data.

Because it is a full node, the client must download the entire (currently 6 gigabyte) blockchain to operate, which can take up to a few days the first time you start the client and several minutes to an hour every time you start the client afterward if you do not keep it running constantly.

The first ever mobile bitcoin wallet application released for Android was created in 2011 by Electrum. The company claims to be one of the most popular bitcoin wallets to exist and made it easier for users to manage their BTC holdings on the go.

With the growing interest in cryptocurrencies, third-party wallet services began to emerge, offering users alternatives to the original bitcoin clients built-in wallet. Such services aimed to provide more user-friendly interfaces and additional features, contributing to the diversification of the cryptocurrency wallet ecosystem.

Around 2014, hardware or cold wallets entered the cryptocurrency scene.

Such wallets specialize in storing private keys offline, reducing the risk of online attacks, and became more popular among users who prioritized the safety of their cryptocurrency holdings.

One of the pioneers of these hardware wallets was Trezor.

Multisignature (also known as Multisig) cryptocurrency wallets require multiple signatures to authorize a transaction.

Unlike traditional wallets that rely on a single private key to initiate transactions, multisig wallets involve multiple parties or private keys collaborating to validate and authorize transactions. This added layer of security makes these wallets particularly useful for enhancing the protection of cryptocurrency holdings, especially in scenarios where multiple individuals or entities are involved.

Popular examples of multisig crypto wallets include Armory, Guarda Wallet, and Linen Wallet.

In 2016, ether (ETH), the second-largest cryptocurrency on the market, had introduces its wallet ecosystem.

Ethereum wallets allow users to access their coins and are able to store any digital assets built on the Ethereum ecosystem.

The blockchain explained:

Ethereum wallets are applications that let you interact with your Ethereum account. Think of it like an internet banking app without the bank. Your wallet lets you read your balance, send transactions and connect to applications.

According to the Ethereum website, there are over 50 Ethereum wallets for users to choose from, including Rabby Wallet and Portis.

As the crypto industry continued to evolve, so did the cryptocurrency wallets.

By 2017, the world of cryptocurrencies continued to expand beyond BTC and ETH with the introduction of various other coins and tokens in the likes of cardano (ADA). This called for the creation of crypto wallets that would support a variety of tokens issued on different blockchain platforms.

This was the year when Coinbase decided to launch its self-custody wallet as a mobile application, with Robinhood rolling out its Polygon-based wallet on iOS.

In 2023, there are three popular types of crypto wallets:

According to data published on SkyQuest, the platform projects that the cryptocurrency wallet industry will surpass $60 billion by 2030 as preference for digital assets continues to grow.

Today,wallets range from simple apps to more complex security solutions. If you are looking for the best crypto wallet, ensure you do your own research and make decisions based on your personal needs, preferences, and goals.

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Ethereum, Solana & Signuptoken.com: Which Is The Best Option To … – Analytics Insight

August 11, 2023 | Author: admin

Cryptocurrencys ever-evolving world has two standout players Ethereum (ETH) and Solana (SOL). Their appeal extends to enthusiasts, potential investors, and those seeking fresh crypto opportunities. Amidst market volatility, a reliable and promising player is starting to gain significance. This article dives into Signuptoken.com (SIGN)s potential, comparing it to Ethereum and Solana, and highlighting its promise as a crypto market leader.

Ethereum, founded in 2015 by Vitalik Buterin, has sold over 120 million tokens, with its current price at $1,835.66 per Ether (ETH). As a pioneer in blockchain technology, Ethereums strong foundation has led to widespread adoption in the crypto community. Its ability to process thousands of transactions per second has revolutionized the crypto world.

Despite challenges like high gas fees, Ethereums flexibility and security have enabled the successful launch of several prominent DeFi projects, NFTs, and other groundbreaking applications. In more recent news, the much-anticipated Ethereum 2.0 upgrade aimed to improve scalability and efficiency by transitioning to a Proof-of-Stake consensus. With its market capitalization exceeding $200 billion, Ethereums growth potential remains high and is expected to surge. ETH holds a formidable position in the crypto market as the industry moves towards mass adoption.

Solana (SOL), the high-performance blockchain launched in 2020 by Anatoly Yakovenko, has rapidly gained traction in the crypto world. With its lightning-fast transaction speeds and low fees, Solana processed an impressive number of transactions, averaging thousands per second.

Currently, Solanas native cryptocurrency, SOL, has seen considerable demand making it a noteworthy player in the bullish market. The current price of SOL stands at $22.71, reflecting the growing interest and confidence in the project.

Solanas innovative scalability approach combining Proof-of-History (PoH) and Proof-of-Stake (PoS) consensus mechanisms has positioned it as an attractive Ethereum alternative. Boasting a surge in decentralized applications, particularly in gaming and NFTs, Solanas high performance and user-friendly experience have garnered widespread attention, promising a bright future for the blockchain in the evolving crypto space.

Amid the competitive landscape of cryptocurrencies, Signuptoken.com has emerged as a formidable contender. As a newcomer, SIGN sets itself apart with a unique approach that leverages the strengths of both Ethereum and Solana.

The innovative and community-driven approach of Signuptoken.com has garnered significant attention within the crypto community. Investors worldwide are recognizing the potential for long-term sustainability in the crypto space through SIGNs presale. The affordable price of $0.01 is attracting interest, making it an attractive entry point for investors enthusiastic about the crypto revolution. As a result, the presale has achieved massive success, selling over 17 million tokens globally.

Signuptoken.com, amidst the bullish market scenario, demonstrates the promising potential to carve a significant niche within the ever-expanding crypto industry. Through a well-thought-out and strategic approach, the platform not only aims to offer a seamless user experience but also seeks to actively engage with its growing community of crypto enthusiasts. These qualities collectively position SIGN as a formidable contender, catering to the needs of those investors who yearn for both stability and substantial growth in the highly volatile crypto market.

Ethereum and Solana have been at the forefront, each offering unique strengths and opportunities as a Layer 1 solution. However, as the market experiences turbulence, Signuptoken.com emerges as a promising player, offering something unique from both Ethereum and Solana. With a user-friendly platform, seamless experience, and innovative growth potential, Signuptoken.com presents itself as a compelling option for cryptocurrency enthusiasts and potential investors.

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken

Telegram: https://t.me/SignUpToken

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Ethereum, Solana & Signuptoken.com: Which Is The Best Option To ... - Analytics Insight

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