Author: dfmines

submitted by /u/stratguy56 [link] [comments]

Yesterday, Polygon has announced that it’s long awaited EIP-1559 upgrade is set to take place by January 18 (about 8a.m UTC). This upgrade is set to change the entire fee market operations on the Ethereum network, as it will be bringing a discrete fee base that is burned instead of being paid to the miners,…
Read more

submitted by /u/thedyezwfl [link] [comments]

While the space race for humanity began in the mid-1950s, blockchain technology took its first steps outside Earth in February 2018, and now Elon Musk has declared the start of the space race in early June 2021. With the recent news that SpaceX was going to carry some payload funded by Dogecoin, the latter was likely to be the first cryptocurrency to reach the Moon. Elon Musk’s SpaceX Falcon 9 rocket launched the Transporter 3 rideshare mission with several small satellites for government and industry customers on January 13th. It lifted off from Space Launch Complex 40 at Cape Canaveral Space Force Station in Florida, at 10:25 a.m. EST (1525GMT) A new space race has begun! — Elon Musk (@elonmusk) June 6, 2021 Now, Velas Network AG is joining hands with SpaceChain to tap space’s potential for better security and scalability, details from a press release on January 4, 2022, reveal. According to Velas, a high throughput EVM compatible and carbon-neutral blockchain, the partnership will be a positive step to explore new markets and use cases. The deal with SpaceChain, one of the few blockchain companies extending distributed ledger technology to serve the underexplored space industry, is unprecedented and symbiotic. SpaceChain is building decentralized satellite infrastructure to make it easily accessible for the new space economy worth billions. Because of increasing private investments and new business opportunities, the Bank of America predicts the space economy to reach $1.4 trillion in a decade. Velas Join Forces with SpaceChain The CEO of Velas, Farkhad Shagulyamov, noted the first milestone reached when the Bitcoin’s transactions were beamed from space. The Velas Network AG is following suit with its partnership with SpaceChain, opening new horizons for blockchain and its global users. He is quoted: “The space race has truly begun and we don’t want to be left behind. Collaborating with SpaceChain on this mission is a bold and historical achievement for Velas. There are boundless possibilities and new opportunities created by the integration of blockchain and space technologies. Velas is one of the first blockchains to engage in this new space race. Velas and SpaceChain aim to integrate their technology on the International Space Station (ISS). Having a node on the ISS is a challenging task as NASA has a rigorous evaluation and approval process. We are confident that both Velas and SpaceChain have the required technical expertise and resources to take blockchain technology to a new level,” said Farkhad Shagulyamov, Velas co-founder and CEO. From this deal, the Velas Network will be processing its technology via the SpaceChain decentralized satellite infrastructure (DSI), leading to more decentralization and better security, helping the network rebuff external attacks while remaining censorship resistant. The DSI, the development team said, is an alliance consortium and a “mesh-network of heterogeneous spacecraft” owned by multiple parties operating from different jurisdictions in low earth orbit. “We are excited to be part of such significant leaps in the industry. Velas is currently the third blockchain to engage in this space race and we’re happy to work with such a unique partner. SpaceChain’s expertise in these two arenas helps us skyrocket to the future of business operations. We look forward to working closely with SpaceChain to create new solutions and experiences for our users and communities” – Dragos Dumitrascu, Head of Global Partnerships at Velas, said. This broad base makes the DSI robust and secure against stringent regulations that may originate from any member’s location. In turn, this broadly benefits blockchains, including Velas Network, beaming its transactions via the DSI. Meanwhile, SpaceChain would leverage the Velas Network’s high throughput of over 75k TPS to launch cost-effective dApps, helping them make space more accessible to users. #Velas joins the space race to become one of the first blockchains operating in space above Earth 🌍 📄 Read the full press release → https://t.co/bb00Uthrw1 Featured also on🔹 Cointelegraph https://t.co/BXZlnaHEo3🔹 Cryptomode https://t.co/kDdntfgc5s#cryptocurrency pic.twitter.com/Eu4UFMhU0R — Velas (@VelasBlockchain) January 3, 2022 Velas in the Spotlight Earlier in October 2021, Velas increased its developer grant to $100 million from $5 million, announced early last year. The project aims to attract builders of DeFi, NFTs, gaming, and other exciting dApps on its rail through this program. Eligible projects can receive up to $100k in funding. Applicants must include a business plan, a pitch deck, technical details of their product, and how it shall contribute positively to the Velas ecosystem. In turn, successful projects would receive technical and marketing support from the team. Through this program, Velas aims to expand its ecosystem and Web3 reach. DVX Games Studio, a beneficiary, recently launched the Block Attack Game on Velas.  

Republican Sen. Josh Hawley of Missouri and Democratic Sen. Jon Ossoff of Georgia are introducing competing bills to end stock-trading by members of Congress. A key difference between the proposals is reportedly that Ossoff's bill includes dependent children — who may have access to the same privileged information as their lawmaking parent — while Hawley's…
Read more

submitted by /u/PeteyCruiser123 [link] [comments]

We are looking to have a public sale of NFT's on the ETH blockchain via a smart contract. We want to do some free NFT giveaways before we launch our public sale. Would we just need to mint the NFT like normal and pay associated gas fees? Or is there a cheaper way of doing…
Read more

On Jan. 11, Federal Reserve Chair Jerome Powell told Senate legislators that nothing prevents privately issued stablecoins from coexisting with a prospective Fed central bank digital currency (CBDC). Jerome Powell Confirms Fed-issued Digital Currency Is Underway Sen. Pat Toomey (R-Pa.) asked Powell during his confirmation hearing for a second term as Fed chairman whether there was place for a future Fed-issued digital currency to coexist with a privately issued stablecoin. Toomey asked: “Is there anything about that that should preclude a well-regulated, privately issued stablecoin from coexisting with a central bank digital dollar if Congress authorizes and the Fed pursues a central bank digital dollar?” Powell said the Fed would publish a study on digital currencies soon at a Senate Banking Committee meeting earlier this week. Senator Pat Toomey, the top Republican on the panel, questioned Jerome Powell during the session. Powell responded, “No, not at all,” when asked if a CBDC would exclude the formation of a “well regulated, privately issued stablecoin.” While other countries continue to create their own CBDCs, the US monetary authority has yet to make an official announcement about plans to introduce a digital dollar. Despite Powell’s remark, it’s unclear how private tokens would compete if the Fed issued a digital currency. USDT, the largest stablecoins by market cap, stands at $78 billion. Source: TradingView Stablecoins have proven to be an important component of the cryptocurrency integration process, since investors frequently utilize their steady rate as a starting point for trading other digital currencies. However, the Federal Reserve and other US watchdogs have previously warned that stablecoins require more stringent regulation and should only be issued by licensed entities such as banks. Financial agencies should have the same jurisdiction to regulate stablecoin issuers as banks, according to the President’s Working Group on Financial Markets. While the Fed has remained tight-lipped about whether it plans to introduce its own digital currency, similar to China’s yuan, the central bank and other US financial regulators have previously stated that stablecoins require additional supervision and should be issued by banks. Related article | CBDCs to coexist with cash payments, according to FED Chairman Powell U.S. President’s Working Group on Financial Markets To Regulate Stablecoins Stablecoins could be used widely in the future as a means of payment by individuals and businesses, according to a new report from the President’s Working Group on Financial Markets (PWG), but sufficient regulation is required to manage risks. The Treasury Department said in a statement: “The potential for the increased use of stablecoins as a means of payments raises a range of concerns, related to the potential for destabilizing runs, disruptions in the payment system, and concentration of economic power,” The PWG suggested that Congress establish laws to protect against dangers, such as treating stablecoin issuers as depository institutions covered by the Federal Deposit Insurance Corporation (FDIC) and subjecting custodial wallet providers to adequate federal regulation. Powell was present, as was Treasury Secretary Janet Yellen and SEC Chair Gary Gensler, the latter of whom expressed reservations. Related article | FED’s Powell Doesn’t Think Crypto Risks Financial Stability Featured Image by Gettyimages | Charts by TradingView

Hey! I've started a podcast reading important articles, research and newsletters on Ethereum/Web3. We've so far covered: Why Proof of Stake, Vitalik Ultra Scalable Ethereum, David Hoffman Vision for Ethereum, Polynya Ethereum Roadmap update for 2021, Trent Van Epps Moving beyond coin voting governance, Vitalik Social Token Paradox, Gaby Goldberg Rollup Centric Ethereum, Vitalik Also…
Read more

At the start of 2021, Terra had only two applications, but that quickly changed in a year — and it now has hundreds.