what puts value to an nft is it hardcoded? on the token? how does a token in increase in price?
technical question submitted by /u/Exact-Yesterday-992 [link] [comments]
technical question submitted by /u/Exact-Yesterday-992 [link] [comments]
The head of the body in charge of overseeing U.S. banks named cryptocurrency and decentralized finance (DeFi) activity among factors contributing to disintermediation of the banking system.
On Wednesday, U.S. Internal Revenue Service (IRS) commissioner Charles Rettig and Janet Yellen, the Treasury secretary, urged lawmakers to give the IRS permission to report annual inflows and outflows from American bank accounts. Regardless of tax liability, financial institutions across the country will have to report accounts with at least $600 worth of transactions or […]
Blockchain technology indicates not only bitcoin but in reality, it has the capacity to change businesses with smart contract-related blockchain frameworks like XinFin. There are many oracles present which play a major role in connecting the gap between blockchain application and external data, however, not all of them succeed. Decentralized oracle platform Plugin offers cost-effective solutions for any smart contract on XinFin platform. GoPlugin.co gathers information from various external sources, consolidates and makes sure the exact value is offered to its users at any point of time. Moreover, this is the hardest part for any decentralized oracle provider which is trusted highly by all its users. More so, the Plugin ecosystem is based on ‘PLI’. In addition, the PLI token was created on XinFin’s XRC 20 standard in order to decrease GAS fees. It also enables transaction time and offers feasibility to many DApps to reach Data Oracle to many people worldwide. The data gathered from various oracle nodes are consolidated to reach the exact value. This does not indicate that the system is completely decentralized. In order to avoid vulnerabilities and offer a blockchain peer-to-peer system, decentralized oracle providers must rely on the community to select the data sources and validators, in addition to the mechanism of rewarding and penalizing. Furthermore, the Plugin enhances a high level of scalability and security for any type of blockchain apps that uses its data feeds. The main benefit of utilizing Plugin is that the data feeds are provided by the platform at a very low price as compared with other oracle providers. Also, the data feeds are diversified as per the needs of the clients and the XinFin community. Therefore, Plugin can be used as a decentralized oracle provider which is economical, scalable, and highly trusted. Moreover, the DApps potential is limitless, and oracles are necessary to enhance the standardisation of their institutions.
submitted by /u/cryptopunk661 [link] [comments]
We are 10 years further in the world. What will the headlines say? -Bitcoin reached a new ATH of $420.069 -Elon musk jailed for market manipulation -ETH gas will go down after the introduction of ETH 6.9 -Man got arrested for trying to pay with non digital money. -Sec vs Ripple, is it a security…
Read more
This was spurred by the tweet about AMC accepting crypto as payment soon and lots of people saying this was adoption, to the moon etc etc. However, what wasn’t clear was what that means (to my knowledge). In terms of an indicator of adoption there is a massive difference between a company accepting a payment…
Read more
submitted by /u/ChickiWahWah-Splat [link] [comments]
New tuto ! How to use Curve on Arbitrum https://cryptoouf.com/english/curve-arbitrum submitted by /u/cryptouf [link] [comments]
Over $1 billion worth of Ethereum (ETH) now burned after EIP-1559 https://cryptoslate.com/over-1-billion-worth-of-ethereum-eth-now-burned-after-eip-1559-update/amp/?__twitter_impression=true submitted by /u/SurprisedByItAll [link] [comments]