I probably would have sold for a hefty loss if it wasn’t for Reddit so thank you. It all began around May this year when my friend was telling me about his sweet crypto gains. I wanted some. With an intention of buying and not looking at it again for 5 years, I slapped a…
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Blockchain technology company Stratis has concluded its latest major update, with STRAX tokens replacing their STRAT predecessors. The swap follows a vote that saw over 97.5% of token-holders green-light the proposal, setting the stage for a revised tokenomic structure, new incentive mechanisms and improved block times. In total, over 93 million STRAT tokens have been converted 1:1 to STRAX, representing 93% of the circulating supply. The remainder were burned, effectively removing over 6.6 million tokens from existence. With the deployment of a brand-new blockchain and native token – not to mention the imminent launch of an NFT marketplace, games and the Unity Engine SDK – Stratis is, like fellow sleeping giants Cardano, Tezos and Polkadot, starting to wake up and make good on its promises. Why Token Swap? Stratis users who failed to exchange STRAT for STRAX can hardly complain: the platform announced the changeover last October, with token-holders given a whole year to install a STRAX wallet and exchange their old outgoing assets. The high number of tokens swapped underscored the simplicity of the process, which saw users trade STRAT independently via a trustless on-chain mechanism, transfer their tokens to an exchange that supported the swap (Binance, Bittrex, Bithumb, etc), or manually swap them into STRAX using a tool provided by the platform. The token swap was part of a raft of changes made to the platform, with block times reduced, block rewards increased, SegWit activated, and the introduction of both cold staking and dynamic membership. The latter enables any user to join the Cirrus sidechain as an acting Masternode – providing, that is, they meet the collateral requirement of 100,000 STRAX. The management and monitoring of masternodes have also been simplified thanks to a newly-released operator dashboard. Stratis Enters Shipping Season Designed to help Microsoft developers develop blockchain solutions in a language they understand and love, Stratis launched in 2016 as an enterprise-focused Blockchain-as-a-Service company. In the years since, the platform has poured an immense amount of resources into enhancing its features and tooling, while onboarding companies from around the world. 2021, though, has been something of a breakout year. Not only is Ethereum interoperability imminent thanks to its InterFlux solution, but Stratis recently launched a Unity Development Kit, enabling the integration of NFTs and decentralized identities into the gaming ecosystem. A number of gaming projects (Dawn of Ships, Trivia Legend) are now busy building on Stratis’ proof-of-stake blockchain, both due to its low-fee environment and 3D SDK. DeFi is another area of exploration for Stratis, as highlighted by the emergence of decentralized exchange protocols Opdex. Financed by Stratis’ Decentralized Accelerator program, Opdex enables trustless token swaps, liquidity provision, mining, and staking in a non-custodial and gas-efficient manner. Recently released on the Cirrus testnet, the DEX protocols aim to bring much-needed diversity to the booming DeFi sector, which has largely centered on Ethereum. Founder Tyler Peña believes the fact that Opdex coded in #C means the ecosystem could “drastically increase the adoption rates by developers while also decreasing the frustration of learning new languages, frameworks and tooling.” Shaping Blockchain Policy Although DeFi, NFTs and blockchain-based gaming are now very much part of the Stratis universe, the platform remains, at heart, enterprise-focused. As such, it remains committed to pioneering use-cases, onboarding businesses and organizations, and working with governments. Last month Stratis joined the UK’s All Party Parliamentary Group on Blockchain (APPG Blockchain), which aims to “provide evidence, guidance and recommendations to policy makers on blockchain-related issues.” By acquiring a seat at the table, Stratis – described by APPG Blockchain secretariat Birgitte Andersen as “one of the UK’s most established and innovative blockchain platforms” – will be in a position to influence and inform the UK government’s decision-making when it comes to blockchain initiatives. The spoils, of course, are considerable: business investment in blockchain technology is expected to reach almost $16 billion by 2023, up 40% from 2019. And with the wider crypto market currently in rude health, Stratis seems well-positioned to capitalize on the feel-good factor. Image source: Depositphotos.com
can someone tell me what happened here? i tried to swap some SHIB tokens for ETH yesterday. Every think looked like it was successful but then never lost SHIB or received ETH. but seems a gas fee was charged. https://etherscan.io/tx/0x5120911dfd635cf2476c2d2e44962aa87446832796416d38c5e61422d2485a9a submitted by /u/smack323 [link] [comments]
Currently, all faucets that provide Rinkeby-ETH are down, if someone could send me, thank you ! My address is : 0x3C9300Ac18ae171AB0C31691AF7BA23E5c2ED24d submitted by /u/dnatur2020 [link] [comments]
The National Development and Reform Commission is asking the Chinese public for their opinion on the Bitcoin mining ban. Is China’s government playing 4D chess or are they confused and considering backtracking their decision? Can they unring this particular bell or is this a too little too late scenario? Do they really care about what the general public thinks or is this survey just for the optics? As it usually happens with the Chinese government’s actions, they leave more questions than answers. Nevertheless, let’s unpack the information available and see what Twitter thinks about the situation. First of all, the official announcement says: “In accordance with the relevant work arrangements for the rectification of virtual currency “mining” activities, the National Development and Reform Commission and relevant departments have revised the “Industrial Structure Adjustment Guidance Catalog (2019 Edition)”, and now solicit opinions from the public.” So, they’re considering “rectification of virtual currency “mining” activities,” by which they mean the Bitcoin mining ban. And by “the public,” they mean “Relevant units and people from all walks of life can provide feedback.” BTC price chart for 10/25/2021 on FTX | Source: BTC/USD on TradingView.com Is China Actually Considering Lifting The Bitcoin Mining Ban? Opinions differ. However, according to Three Arrows Capital’s Su Zhu, that’s exactly what’s happening. China seeking public solicitation of comments regarding un-banning crypto mining 🧐https://t.co/g1wyUdORTt pic.twitter.com/qyRQyTBgcn — Zhu Su 🔺 (@zhusu) October 25, 2021 People in the replies are not convinced. They theorize that the Chinese government is just trying to create a database of people in favor of Bitcoin mining, or that they are just thinking about lifting the Bitcoin mining ban so they can ban it again on the next cycle. Others doubt the miners will return or that new mining operations will pop up. A few, though, think that the Chinese government realized they made a trillion-dollar mistake. Chinese journalist Colin Wu, however, sees the news from another angle. “It is not un-banning. On the contrary, its content is to write crypto mining into an industry that must be eliminated.” Of course, many miners are making comments, but in terms of the current Chinese government’s strong opposition to Bitcoin mining, these comments are likely to be meaningless. — Wu Blockchain (@WuBlockchain) October 25, 2021 And he links to a .pdf that says the same thing as the original document, but in a different tone altogether: “In the “Industrial Structure Adjustment Guidance Catalogue (2019 Edition)”, the elimination category “I. Item 7 is added to “Outdated production technology and equipment” and “(18) Others”, and the content is “virtual quasi-currency’mining’ activity.” The phrases “Outdated production technology” and “Virtual quasi-currency’mining‘” hit different and tell another story about the Bitcoin mining ban. Wu finishes by saying that “in terms of the current Chinese government’s strong opposition to Bitcoin mining, these comments are likely to be meaningless.” Conclusions And Speculation Tick-tock next block. China’s Bitcoin mining ban was a blip on the radar. The network kept running as usual and, a few months later, Bitcoin’s hashrate recovered. We at NewsBTC have been trying to figure out the logic behind the Chinese government’s moves regarding Bitcoin. Unsuccessfully. We looked into the new “China Model” and the small hydropower stations question, wondered about the waning of their hashrate dominance, and looked closely into the now-defunct industry. Even though it seems like a logical theory, we don’t know if the Chinese government is just clearing out the competition for their future CBDC. We are not sure if this whole operation is part of a bigger one that is trying to control all of the Chinese billionaires. Or if they’re just asserting their dominance and showing everyone who’s the boss. We just know that the Bitcoin mining ban might be the biggest mistake of the century. And we’re not even talking about the trillions in fiat currency that the country is losing. The Chinese are banning themselves from participation in the winning open network, from interaction with the biggest idea of the century, from owning a piece of the pristine asset that will change the world for the best. Did they realize all of this and are gearing up for a change of mind? Featured Image by Andreas Breitling from Pixabay – Charts by TradingView
Hello Guys!!! People usually share their best performing cryptocurrency or some gamble that went their way. But ignore the worst performing cryptocurrency in their portfolio. So what are the cryptocurrency that you regret buying and see no future scope for them now. Start the anti shillings. Here's mine I bought WINK at average price of…
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As authorities in the EU are still discussing union-wide cryptocurrency regulations, a major U.S. bank has reportedly lobbied the Irish government to adopt its own rules for the space. BNY Mellon launched its digital asset business in Ireland this year to provide custodian services to institutional investors. Banking Giant BNY Mellon Calls for Irish Crypto […]
submitted by /u/johanngr [link] [comments]
The second-largest cryptocurrency will see over 8% growth against its top rival should the technical outlook play out.
The Nigerian central bank digital currency was originally slated for launch earlier this month but was delayed.
