Hi, Guys I have 1 ETH that I'm never selling and I want to put it to work. I do stake but I want to learn more about yield farming and liquidity mining. What do you think is more profitable and what platform do you guys use and your experience. Please go easy on me…
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The release of smart contracts capability on Cardano has brought with it some interesting projects. Cardano had revealed multiple partnerships over the course of its two-day Cardano Summit. These projects aimed at increasing utilizing the capability of the blockchain to its fullest potential. But before smart contracts had debuted on the platform, non-fungible tokens (NFTs) had been supported. Cardano network has seen thousands of NFTs being minted. This had been actively encouraged by the developers in order to entice the community into using the blockchain as its default for minting NFTs as opposed to well-established networks like Ethereum and Solana. The latest iteration of the network promoting NFTs on the network has come in the form of founder Charles Hoskinson releasing dance artiste Paul Oakenfold’s album as an NFT on Cardano. Hoskinson Teams Up With Paul Oakenfold Celebrities have taken to NFTs like fish to water. From athletes to musicians, NFTs have presented as a new way for public figures to stay connected with their fan base, while also monetizing their image. Now, founder Charles Hoskinson is taking it one step further as he partners with Paul Oakenfiled to release the DJ’s album as an NFT on Cardano. One of @ethereum's original co-founders, @IOHK_Charles, is working on a collaborative album with dance music legend @pauloakenfold.https://t.co/WUgw3AV2XF — EDM.com (@TheEDMNetwork) September 29, 2021 Related Reading | Cardano Summit Sees Launch Of Exciting New Partnerships The announcement was made at the just-concluded Cardano Summit and will cover everything from Oakenfield’s album, down to its cover art and notes. The dance and trance DJ who is of British descent has been nominated for three Grammy Awards over the course of his career and is regarded as a legend in the EDM scene. Hoskinson has been working closely with the artiste to bring the project to life on the blockchain. The founder believes that blockchain technology is important for the future of the music industry and is interested in how this will work. “Getting to learn about the electronic music industry and how the blockchain can support it has been a revelation,” Hoskinson said. Bringing Music To Cardano Oakenfield’s album will not be the first, nor the last, to bring music to the blockchain as NFTs. For Cardano alone, multiple music and music-related acts have brought their talent to the world through the network. Related Reading | EMURGO To Invest $100 Million In Cardano To Bolster DeFi Adoption Most notable of these had been the launch of ZZ Top frontman Bill Gibbons’ music NFT collection on the blockchain. Auction for Gibbons’ collection had run in the same time frame as the Cardano Summit, and it included 30-second original jam sessions digital music by Billy Gibbons and one Golden Ticket which conferred a 20-minute one-on-one session with the artiste. Earlier this month, the blockchain had seen the launch of the first-ever music label to be launched on the blockchain. $GREED is a crypto music label that was launched on the ecosystem as a smart contract. ADA price trading at $2.097 | Source: ADAUSD on TradingView.com Featured image from IOL, chart from TradingView.com
Data shows that crypto holders are increasingly shifting to DeFi protocols and DEXs as China continues its cryptocurrency crackdown and fears of heavy-handed regulation scare US-based traders.
In your opinion, what makes Ethereum stand out from the rest of the sphere? An explanation in a more noobie way would greatly be appreciated submitted by /u/RandomVanu [link] [comments]
Trying to mine more raven. Trying to build a stable rig. Want a good PSU and breakout board ATX isn't going to cut it. Sure their breakout boards are nice, but if you need to return something? Good luck. Hope you like flaming them on social media, because they'll absolutely ignore you until you do.…
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Orlando Bravo, the billionaire who co-founded private equity firm Thoma Bravo, says he is very bullish on bitcoin, expecting the cryptocurrency to “increase significantly.” He described: “Crypto is just a great system. It’s frictionless. It’s decentralized. And young people want their own financial system. So it is here to stay.” Billionaire Investor ‘Very Bullish’ on […]
Visa has been active in engaging with crypto, and this week is no exception. Reports have emerged that the payment facilitator and financial services firm has deployed it’s first smart contract on Ethereum Testnet. The move isn’t the first to signal Visa’s increased acceptance to adopt crypto in their operations. Visa’s Universal Payment Channel The company is showing clear investment in becoming a leader of payment processing through central banks via crypto. Visa’s first smart contract deployment was a payment channel accepting both Ether and USDC. This is a conceptual protocol in development by the payment processor that will enable interoperability between central bank digital currencies (CBDCs), called a “Universal Payment Channel,” or UPC. The timing is appropriate given the global discussion around CBDCs. This week alone, Nigeria is looking to be the first country in Africa to launch a CBDC, the Bank of England has released it’s CBDC forum members, and New Zealand’s Central Bank has sought public feedback on CBDCs. Of course, the biggest story in the speculation is China’s recent bitcoin ban paired with rumors of the country’s exploration of a ‘digital yuan.’ Through it all, it’s safe to say that crypto and centralized currencies are at the forefront of most countries treasury departments lately. Visa’s UPC is being built to support different CBDCs across a variety of blockchains. The company’s head of crypto, Cuy Sheffield, described the initiative as a “longer-term future thinking concept around a way that Visa could potentially help become a bridge between one digital currency on one blockchain and another digital currency on another blockchain.” Ethereum testnet is host to Visa’s first take at a Universal Payment Channel protocol. | Source: ETH-USD on TradingView.com Related Reading | Crypto Analyst Says Ethereum Market Is A “Ticking Time Bomb”, Here’s Why It’s All Part Of The Plan This week’s development is far from the first move from Visa to dig their heels in crypto. Last month, the company purchased a CryptoPunk and released a positive perspective around NFTs. And at the midpoint of 2021, the company shared that over $1B had been spent on crypto-linked Visa cards on the year. Through it all, Visa has shown a clear favorite in Ethereum as well, and now is utilizing the chain once again with the Universal Payment Channel. The company’s clear engagement with Ethereum could prove fruitful to establishing further institution buy-in for the blockchain. In the corresponding UPC research and insights report released by Visa, the company shows a clear desire to be a “network of blockchain networks” for global transactions. Digital asset tracker 21Shares has described Ethereum as “the most significant single innovation within the cryptoasset and blockchain industry since the creation of Bitcoin in 2009.” Should Visa’s UPC be built on the backbone of Ethereum? There’s good reason to be optimistic looking forward. Related Reading | TA: Ethereum Just Reversed But $3,150 Presents A Major Challenge Featured image from Pexels, Charts from TradingView.com
What exists to prevent someone from hiring a bunch of developers to modify ethereum or bitcoin to their advantage? What if some institutional whales have giant stakes and wants to increase the stake apr, so they increase the amount printed as stake rewards? What prevents bitcoin miners from secretly hiring bitcoin developers and community influencers…
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I'll be quick, Polygon has seen consistent growth without any incentive programs or Ponzi bullshit. It just hit 83 million wallets with 6.7 million daily transactions. https://preview.redd.it/lgmdfk6xopq71.png?width=550&format=png&auto=webp&s=c771a6e2a7c7e6ec072596237996206a92e812a4 Here’s some perspective from twitter Avalanche has 387k wallets (0.4% the amount Polygon has) and since birth completed 9.7 million transactions. Polygon is doing more than that in…
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