We’re now in an era where information and data of all types can be sent to each other freely and easily but not value. When was the last time anyone was able to sell or lend their latest album or game to their mates? When everything was physical and you owned it. In the digital…
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Ethereum is making progress towards its transition from a Proof-of-Work (PoW) consensus to a Proof-of-Stake consensus algorithm. In an event dubbed as “The Merge”, the current network and its decentralized application will begin operating on the latter. Related Reading | Analyst Hints Huge Chances For Ethereum Killers To Surge, Sides With Solana And AVAX Core ETH Developer Tim Beiko recently announced the successful roll-out of a Beacon Chain, or a mainnet PoS network, for its longest-lived PoW testnet “Ropsten”. This will aid developers in launching “The Merge” on this test network. The event is set for June 8th. If successful, Ethereum and its developers could be steadily moving to a mainnet Merge event at some point in the coming months. The Ropsten Beacon Chain must meet certain requirements before operating on a PoS consensus, as Beiko clarified: For The Merge to happen, we now need two things on Ropsten. First, its beacon chain must activate the Bellatrix upgrade, scheduled for June 2. Then, a PoW total difficulty value, the Terminal Total Difficulty (TTD) will be chosen to trigger the transition. In that sense, Beiko asked node validators to prepare for the upcoming PoS transition. This could be one of the largest “The Merge” milestones in recent months and could provide validators with experience about “what a post-merge node is like”. Beacon Chain node validators will need to fulfill requirements to stay active on The Post Merge network, such as running execution clients. PoW node validators will need to run a consensus layer client. Beiko added the following on what could be a glimpse of an Ethereum mainnet post “The Merge”: Post-merge, validators receive the priority fees from transactions 💸 This happens on the execution layer, so those fees aren’t locked on the beacon chain. To get them, you need to set a “fee recipient” address upon starting your validator. What Could Change On Ethereum With The Merge This testnet will have no direct implications for Ethereum holders or users. However, ETH Ropsten miners will stop operating under the new consensus layer. Once the mainnet completes its Merge event, ETH miners will be unable to continue operating with this cryptocurrency. This could potentially induce a short-term shock to the crypto space. ETH is one of the most popular cryptocurrencies, and one of the best to mine. The Merge is probably the most hyped event in this cryptocurrency’s history. This combination of ingredients, a sudden shift in the system, and a highly anticipated event could contribute to the creation of volatility around “The Merge”. In the long term, the PoS migration could be a bullish catalyzer for the price of ETH. Related Reading | TA: Ethereum Tests $2K, Why ETH Could Extend Rally At the time of writing, ETH’s price trades at $1,900 with a 3% profit in the last 24-hours. The cryptocurrency has been lagging as Bitcoin takes over the market due to an increase in uncertainty in the macro-environment.
submitted by /u/ChemicalGreek [link] [comments]
BTC bulls pressed the price to $33,300, but significant tailwinds in traditional markets could continue to weigh on Bitcoin price.
I'm hoping to write a report on common-based peer production and its role in the Ethereum ecosystem and DAOs! Any tips or guidance would be great! submitted by /u/Corgisarehilarious [link] [comments]
About 70% of tokens are held in escrow and will be vested starting later this year.
submitted by /u/CryptoKeeper808 [link] [comments]
I totally do understand the criticism about him which are mainly: overpromising, talking bad about other projects, acting triggered and making wrong or confusing claims about his math background. But I still think, he is doing a lot for the crypto space in general and should be respected for it. Stay with me, I will…
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Bitcoin exchange outflows have been turning for the better recently. What had predicated this was a long week of inflows surpassing outflows, solidifying the fact that it was a seller’s market. However, the tide has begun to turn as the Monday numbers are in. Bitcoin exchange outflows have now surpassed inflows by a large margin. Investors Are Accumulating Glassnode has published exchange inflow and outflow data which points toward an accumulation trend among investors. For the start of the week, the inflows into centralized exchanges had touched $1.1 billion, a high number. But the outflows came out even higher. Bitcoin investors have moved $1.4 billion out of centralized exchanges in the last day. This has resulted in a negative net flow of -$325.3 million. Related Reading | Negative Sentiment Deepens In Crypto, Why Recovery May Not Last The same trend was recorded across the second-largest cryptocurrency, Ethereum, whose net flow had come out to the negative as well. In total, there was $476 million worth of ETH moving into exchanges. However, $487 million were moved out of exchanges, bringing the negative net flow to -$11 million. This trend also mirrors that recorded in the Tether UST net flows. Inflows have surpassed outflows by more than $126 million, indicating that more investors are choosing to accumulate more cryptocurrencies such as bitcoin and Ethereum and moving out of stablecoins such as USDT. 📊 Daily On-Chain Exchange Flow#Bitcoin $BTC➡️ $1.1B in⬅️ $1.4B out📉 Net flow: -$325.3M#Ethereum $ETH➡️ $476.0M in⬅️ $487.0M out📉 Net flow: -$11.0M#Tether (ERC20) $USDT➡️ $510.1M in⬅️ $383.7M out📈 Net flow: +$126.4Mhttps://t.co/dk2HbGwhVw — glassnode alerts (@glassnodealerts) May 31, 2022 Bitcoin Whales Not Left Out It is no surprise that bitcoin whales are often seen accumulating when the price of the digital asset is down. For most, this presents an opportunity for them to get as many coins as they can at a discounted price, causing them to increase their holdings significantly. This time around, the number of addresses holding more than 10K BTC has seen one of the most apparent accumulation trends. It reached a new all-time high and there are now 97 BTC addresses holding more than 10,000 BTC in them, marking a new 15-month high. BTC price reverses as it drops to $31,500 | Source: BTCUSD on TradingView.com The number of addresses holding more than 0.1 BTC has also reached a new all-time high. This number has risen to 3,525,636, suggesting that not only are the whales accumulating, but smaller bitcoin addresses are also jumping in on the action. Related Reading | Billionaire Tim Draper On What Will Trigger The Next Bitcoin Bull Market Active supply has also declined significantly and is now sitting at a six-month low. There has been a little over 1.19 million BTC that have been active in the last 1-3 months. The previous low was 1.2 million BTC which was recorded at the beginning of December 2021. Bitcoin is trading at $31,700 at the time of this writing. The recovery trend which had begun on Monday continues to grow stronger causing the digital asset to cement its position above $31,000. Featured image from VOI, chart from TradingView.com Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet…
PRESS RELEASE. CA GameFi Inc., (headquartered in Shibuya-ku, Tokyo, Japan; Taro Yamamoto, Represent ative Director; hereafter CA GameFi), a subsidiary of CyberAgent Inc. (headquartered in Shibuya-ku, Tokyo, Japan; Susumu Fujita, Representative Director; listed on the TS E’s fist section, Stock Code 4751; hereafter CyberAgent), announced the establishment of a new NFT project “Project TB,” and […]
