New to ethereum, crypto, defi, and blockchain overall. While exciting, it is a large and ever changing space. What resources/websites/publications do you use to stay up to date on it? Thanks! submitted by /u/wavydavyy [link] [comments]
You can think what you want about crypto.com. I have my own opinion of them and their business. But I believe that they finally could open Crypto fast and easy to the masses of people. Isn't that what we all wanted? Crypto adoption ? … I have NO clue ! But lets speak about one…
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Cardano has been making important changes to its blockchain since the launch of smart contracts capability. This had brought with it an increased usage and thus needed to be more scalable to accommodate this increase. Since the launch in September, there have been a number of improvements to the network and the latest is the increase in the block size. Increased Block Size In Cardano Cardano, in a recent blog post, announced that they were increasing block size by 12.5% to make room for the increased traffic that is expected on the network. The 8KB increase will see the total block size now at 72KB and will allow more transactions to be fitted in a single block. This will allow more transactions to be processed per second, greater data throughput, in turn providing greater capacity for its users. Related Reading | Cardano Founder Says Metaverse Is Important For Crypto Keep in mind that a year ago, Cardano only averaged 10,000 transactions per day. Now, a year later, this number has risen significantly to more than 200,000 and climbing. A 12.5% increase in block size may not seem large by the average margin but is important to accommodate for this increased usage. ADA drops to $1.77 | Source: ADAUSD on TradingView.com Another factor that warrants the increase in block size is the anticipation of DApps that are expected to launch on the blockchain soon. Since Cardano already has smart contracts capability, it is only a matter of time until developers begin deploying their apps. This anticipated rise in traffic has made increasing block size important for the network. Plutus Script Memory Gets A Boost Block size was not the only thing that got a boost. Cardano also increased Plutus script memory units by transaction. In another 12.5% expansion, the Plutus script memory units per transaction is now 11.25 million. In the blog post, John Woods, Director of Cardano Architecture, explained that this change was brought about due to growing demand from developers. It will help developers in their journey as they test and deploy their DApps on Cardano. “An increase in Plutus memory limits means that they can develop more sophisticated Plutus scripts, or that existing scripts will be able to process more data items, increase concurrency, or otherwise expand their capabilities.” Woods notes that this is only a first in a series of changes that will take place to expand the real-world capabilities of Plutus scripts. Related Reading | Cardano Founder Reiterates Long-Term Purpose Amid Sell-Off Panic The changes in block size and Plutus script memory units by transactions will be implemented slowly. Cardano has adopted a ‘slow and steady’ mechanism going forward with the changes. Although this may look to be moving too slow for some, a 12.5% increase shows that the developer is not rushing to make changes that would adversely affect the network. “It’s not just about creating more complex scripts. It’s also about putting more data through,” the blog post read. Featured image from The Cryptonomist, chart from TradingView.com
Shiba inu has been taken down another peg as CRO takes 12th place on coinmarketcap. The next target would be avax (avalanche) which currently sits at $27.82b while Cro sits at $22.97b. CRO would need an increase of just under 25% to reach the market cap of avax and a roughly 40% increase (from current…
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U.S. football Star Odell Beckham Jr. is taking his new salary in bitcoin and is giving away $1 million in the cryptocurrency in partnership with Square’s Cash App. “To all my fans out there … I’m giving back a total of $1M in BTC right now,” he wrote. Football Star Odell Beckham Jr. Will Take […]
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I am trying to find successful blockchain and smart contract use cases that are not insular to crypto itself. I find a lot of websites touting the potential of it for supply chain tracking, charity watch, gambling, etc. But many of the "success" cases no longer exist or have only succeeded in getting funding –…
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Nowadays, there are so many different viable ways of earning money through the usage of cryptocurrencies. In the past, many traders would have preferred to simply hold on to their coins or ‘hold’ for as long as possible in order to get substantial returns on their investments. However, as time went on, new methods such […]
In my opinion, NFTs that are built to be used in games and the "metaverse" is going to change everything. Imagine buying a pair of limited edition Jordans that comes with a 1/1000 NFT that could be ported into Roblox or whatever game exists in the future. It's going to be wild! That's why I…
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