Category: Cryptocurrency News

Cryptocurrency News and Public Mining Pools

Daily Discussion – November 5, 2021 (GMT+0)

Welcome to the Daily Discussion. Please read the disclaimer, guidelines, and rules before participating. Disclaimer: Consider all information posted here with several liberal heaps of salt, and always cross check any information you may read on this thread with known sources. Any trade information posted in this open thread may be highly misleading, and could…
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What is your favourite L2 platform?

I’m looking into different L2 platform since as we all know, gas fee are crazy right now. The popular one seems to be polygon and arbitrum. Which one is your favourite and you recoomend that I should look into? Am i missing any others L2 platform that I should check out? submitted by …
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How to take Ethereum 2 Net Zero / carbon neutral

It's not a terribly difficult process with emissions as low as ETH2's will be. We just did it for Avalanche. https://twitter.com/mattereum/status/1456315959141076993 submitted by /u/hexayurt [link] [comments]

US Senator Proposes Congress Adopt Cryptocurrency for Payments

U.S. Senator Ted Cruz has introduced a resolution that would position Congress to lead in the area of cryptocurrency by having congressional cafeterias, vending machines, and gift shops accept crypto payments. “Congress is typically slow to adopt new technology,” he said. Senator Pushes for Crypto Adoption in Congress U.S. Senator Ted Cruz has introduced a […]

How to power 8 cards?

2 PSUs less me power 6 cards. Should I do server PSU or connect a third. Just want to be careful. Thanks! submitted by /u/Business-Abroad5550 [link] [comments]

Solo mine

So, I have zero experience solo mining. I always preferred the safer choice. Thought about it a few days back and just hit a block today. At what hashrate would you all consider solo if any at all? Just curious for thoughts. submitted by /u/CryptoMiner2021 [link] [comments]

Is Cardano Fighting A Losing Battle Against Solana?

Cardano and Solana are the leading competitors for Ethereum as the top smart contracts platform. Their entrance into the space has been highly lauded as this will provide some much-needed diversification in the space. Activities are already underway on the Solana blockchain. However, Cardano has not had much in the way of activities on its blockchain since the launch of smart contracts capability. This has mainly been due to the fact that smart contracts capabilities debuted on the network less than two months ago and it will take some time for developers to test and deploy their applications on the blockchain. Cardano is behind its competitors due to this delay but is no doubt a contender in the space. The blockchain has maintained its position as the second leading smart contracts platform. Now, though, Solana has come for the crown and it is winning the fight. Related Reading | Volume Of ADA Staked On Cardano Network Reaches Record High Solana Overtakes Cardano On Crypto Top 10 For months, Cardano had maintained its position at 3rd place on the crypto top 10 projects by market cap, before being pushed out by BNB last month. This was mainly due to the run-up in the digital asset in August that saw the price of ADA break above $3 for the first time. Its market cap skyrocketed with this rally to over $75 billion, making it one of the most valuable cryptocurrencies in the market. Recent trends have however not been favorable for Cardano. The coin had not seen any significant movement after crashing back down to the low $2. While the broader market had rallied, ADA had remained mostly stagnant and this provided Solana the perfect opportunity to make a place for its spot. SOL trading at $239 | Source: SOLUSD on TradingView.com Solana (SOL) has had a profitable couple of months with the advent of its decentralized finance (DeFi) marketplace and this has played into the high value of the asset. The early hours of Thursday saw the price of Solana hit a new all-time high, pushing its market cap to $72 billion, considerably higher than that of Cardano. With its new market cap, Solana clenched the 4th spot on the crypto top 10, while Cardano slid down to 6th place behind Tether. Given that SOL has a considerably lower circulating supply than ADA, it far exceeds the latter in terms of value. Leading Through DeFi Solana is lightyears ahead of Cardano when it comes to decentralized finance. While developers are still struggling to get DApps and DEXes on the Cardano ecosystem, the DeFi space on Solana has been in full bloom for months. Users can lend, borrow, yield farm, and more on Solana while protocols that provide these services are still awaited on Cardano. Related Reading | Cardano Founder Says Hydra Is A ‘Necessity’ For Growing Traffic Currently, Solana has over $14 billion in TVL (Total Value Locked) on the network, with over 37 billion total transactions. Since the DeFi space is yet to kickstart on Cardano, TVL on the network remains at zero. Expectations for Cardano in the future remain high. However, in the meantime, Solana has proven to be the better choice of the two for DeFi. This makes it the top competitor for Ethereum in the space. Featured image from Medium, chart from TradingView.com

Five Underrated Metrics for Picking Altcoins

“Without data you’re just another person with an opinion.” – W. Edwards Deming I write about high-potential altcoins for a living, and as I see more and more new investors come to the space, I see more and more misconceptions about how altcoins work, grow, and behave. To help educate newer members of the community…
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