Blockchain-based decentralized messengers: A privacy pipedream?
While blockchain messengers stand to mitigate many of the privacy issues posed by their centralized counterparts, they still have their fair share of unignorable issues.
While blockchain messengers stand to mitigate many of the privacy issues posed by their centralized counterparts, they still have their fair share of unignorable issues.
Ethereum price has rallied to $2,800, which is the next significant important resistance level. Ethereum’s price has risen by 30 percent from hitting a low of $2,160 barely a week ago. Ethereum Price Targets $3k In the last five days, ETH has closed in the green, reaching the important resistance level of $2,805. (20-day moving average line). Price is currently stabilizing slightly below this critical level, in preparation for a new effort to break above if the bullish sentiment persists. If successful, ETH would be well on its way to reaching $3,000 in no time. On the other hand, the $2,550 support level has held up well after yesterday’s retest (confirmed as support). ETH/USD to retest $3k. Source: TradingView Given that the indicators have turned bullish, ETH is well-positioned to break through the important resistance level of $2,800. ETH has a bullish bias at the moment. The critical resistance levels of $2800 and $3,000 will define the price movement for the rest of the week, so investors should keep an eye on them. @Tradinghubb, a cryptocurrency trader, tweeted an ETH chart, suggesting that another downward move is likely to complete the correction. Source: Twitter Since the high in May 2021, the trend appears to be in the form of an A-B-C corrective structure. It has a perfect 1:1 ratio between waves A and C, which is usual in such corrections. In addition, the entire movement has been contained within an ascending parallel channel, implying that the bottom has been reached. Buyers should, however, be patient until the breakout is verified by a successful retest of the resistance as support. Related article | TA: Ethereum Rallies 10%: Why More Gains Seem Possible Wallets Holding Over 0.1 ETH Rise The number of addresses on the Ethereum blockchain with a balance of more than 0.1 ETH just reached an all-time high, according to the Glassnode analytics. This number has now risen to almost 6.823 million. ETH addresses with 0.1+ coins balance. Source: Glassnode In the past few years, the Ethereum network has grown at a breakneck pace. The growth of decentralized finance segments was largely responsible for this. Originally based on the Ethereum blockchain, DeFi and non-fungible NFT coins. Ethereum’s mining hash rate recently surpassed 1.1 PH/s, setting a new all-time high. This comes as the network moves closer to adopting a proof-of-stake method. In the last two years, though, it hasn’t all been good news for Ethereum. For many users, gas fees have become a big issue because they cannot afford to conduct transactions that would result in hundreds of dollars in penalties. With the ETH 2.0 version, Ethereum is transitioning to PoS, though developers are considering changing the name. This is to avoid confusion among new users, with the ‘consensus layer’ being the replacement name under consideration. It’s expected that with a new update underway, more users will hop on the blockchain. Related article | TA: Ethereum Holds Strong At $2.5K: Indicators Show Fresh Increase Featured image from Pixabay, chart from TradingView.com and Glassnode
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im writing my Bachelor Thesis in Computer Science about Blockchain and Ethereium in general. My aim is to benchmark/analyze the Transactions per second by creating private Ethereum. In order to benchmark/analyze im was thinking that i should create three Eth networks and each having one specific solution for scalability.. Different solution implementation: One eth network…
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Many crypto investors has looked at their portfolio in pain last month. To ease the pain a little, let us compile a selection of tweets from crypto history that may provide some relief. Little bit of regret https://preview.redd.it/vz1xlwcfp8f81.png?width=559&format=png&auto=webp&s=85d77aa338f8e642739cee5f2c896f7aaa544d5c Andrew Hires had a bad day. He sold his bitcoin a little too low, at $11.99…
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The Indian government has proposed taxing income from cryptocurrencies and other digital assets at 30%. India’s finance minister, Nirmala Sitharaman, said: “There’s been a phenomenal increase in transaction in virtual digital assets … The magnitude and frequency of these transactions have made it imperative to provide for a specific tax regime.” 30% on Crypto Income […]
BCB Group, a European provider of business accounts, cryptocurrency, and foreign exchange market liquidity, announced today that it has acquired LAB577, a software engineering venture studio at the nexus of financial services and emerging technology. As a multi-regulated institution, BCB Group offers clients a complete end-to-end suite of payment processing, cryptocurrency trading, and custody services…
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The StarSharks metaverse is taking the gaming and NFT industry by storm. It is a growing ecosystem that will span multiple games. Moreover, the recently launched $SSS staking solution and referral rewards provide more value to long-term token holders. The StarSharks Ecosystem Explained Gamification plays a crucial role in making NFTs and decentralized finance more accessible to the mainstream. StarSharks, the shark-based Metaverse, tackles the concept head-on by engaging the community at every turn and building a sustainable economic system. non-fungible tokens provide infinite opportunities and possibilities, including in the gaming sector. The StarSharks team will bring forth multiple in-house developed games featuring modular components to bring more utility to the NFTs in this Metaverse continually. More importantly, the community is invited to co-create content and gameplay as part of the StarSharks Metaverse. Every new form of content can bring more use cases to the non-fungible tokens in the ecosystem, driving more value to every asset. Moreover, the gaming community will receive a significant share of revenue generated by StarSharks as an incentive to keep contributing and expanding the ecosystem. As StarSharks will span a total of five games – of which the first was released several weeks ago – the gameplay element of the Metaverse will prove crucial. StarSharks.Warriors is a turn-based card game where players eliminate all sharks on their opponent’s team. The game can be played in PvE and PvP mode, featuring automated matchmaking based on player ranking. All five games under the StarSharks banner share how the Metaverse assets can be transferred and used between the different games. The StarSharks team wants to break through the glass ceiling limiting the usability of NFTs and pursues true ownership of digital assets. Additionally, the project secured $4.8 million in private funding to make this vision come true. Rent-To-Play Is An Exciting Concept Players who cannot afford a StarSharks NFT can rent a non-fungible token from another player, introducing the novel “rent-to-play” concept to bring out the full liquidity and utilisation of StarSharks NFTs. More importantly, this forward-thinking approach closes the gap between NFT holders who may not have the time to play the game every day and interested players who may not possess the necessary capital to purchase an entry NFT. By leveraging NFTs in a play-to-rent feature, the StarSharks team emphasises the versatility of non-fungible tokens. The person renting out the StarShark remains the owner of the asset, yet they can give others a chance to explore the games in the shark Metaverse As these NFTs provide access to the five games under the StarSharks banner, there are many options to explore without getting bored. The other games to be released in this Metaverse include: Simulation: a shark raising simulator Land: land construction and use, team battles, and the ability to trade land NFTs Racing: Using extra in-game skills to increase odds of winning races with Sharks Card: A turn-based strategy card game involving tactics and card acquisition There is much to look forward to, and all games are accessible by StarSharks NFT holders, either directly or through the rent-to-play feature. Dual-Token Structure And Staking The StarSharks ecosystem consists of a dual-token structure. SSS, the governance token, allows holders to share the StarSharks IP’s value through a Decentralised Autonomous Organization (DAO) and provides voting rights to shape the sharks Metaverse’s future. The in-game token, called SEA, lets players enhance and modify their in-game NFTs and is a reward for winning battles across the various games. The StarSharks team recently introduced a staking mechanism for $SSS, the governance token. Users can choose five different locking periods – each with a different quantity requirement – to receive VeSSS tokens, allocated every day. Staking $SSS makes users eligible for rewards in $SSS, $SEA, or $BNB. All VeSSS holders share rewards from the staking pool. StarSharks Referral Program GameFi ecosystems must cater to as many users as possible. The rent-to-play mechanic will bring more players to the various games in this Metaverse, but the StarSharks team wants the community to engage people through other means too. A recently launched referral sharing mechanism can prove rather beneficial, as any NFT holder can refer other players to earn money. That money comes from referrals buying a mystery box in the marketplace through the SEA token. Referrers earn 5.75% of the total transaction amount and 7% of the platform fee charged by the platform. For C2C transactions, 7% of the platform fee goes to the referrer. Gaining more referrals helps referrers earn promotion points, which are tracked for a different competition. Each season, the top 500 referrers ranked by promotion points will receive a referrer bonus. However, if a referrer doesn’t meet the conditions, SEA tokens will be burned, and BNB is put into the staking pool. Conclusion There is much to like about the StarSharks Metaverse. Launching multiple games to keep players engaged is a crucial aspect. Moreover, these games are accessible by buying or renting an NFT and provide decent rewards to players. The ecosystem NFTs can be used across the various games, making for rather versatile assets. Additionally, the recently introduced referral mechanism and $SSS staking option bring more value to long-term asset holders and players.
