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TV, not TikTok, will educate the world about blockchain
Television's long-form format and widespread reach make it a superior medium for educating the masses about blockchain and Web3 technologies.
Many see television as a bygone cultural linchpin facing obsolescence as people shift their focus to the promise of smartphones and social media. In reality, 97% of United States households have a TV to watch programming, so it remains the go-to source for most Americans to consume media.
Short-form content platforms like TikTok have seen explosive growth, with Web3 broadly looking past TV to leverage Key Opinion Leaders (KOLs) on social media to communicate with the public. TV’s potential to spur growth and adoption remains untapped, mainly and unexplored by the crypto. Web3 innovators are accustomed to communicating with a tech-savvy, crypto-native audience on these short-format social networks. Its inability, however, to provide content, context, high production value and education all in one sweep means television’s longer format and massive reach are better suited to teaching so-called normies about the wonders of blockchain, non-fungible tokens and digital assets.
Without getting bogged down in a debate about how video-sharing platforms erode attention spans and dumb down culture, particularly youth culture, the merits of longer-format media are difficult to dispute. For crypto to succeed in the long run, it must find the quickest path to mainstream adoption. TV has a template to find the perfect swirl of high-value production and real-world coverage that can put entrepreneurs and Web3 adoption on a firmer footing. Read More
What Is Sui Network (SUI): The Ultimate Guide in 2024
Here’s everything you need to know about the Sui network ecosystem.
Sui is a layer-1 blockchain created to enable quick, low-latency transactions, making it a strong choice for real-time applications like gaming, decentralized finance (DeFi), and other responsive services. Launched in May 2023, its architecture emphasizes immediate transaction completion and high throughput, with smart contracts written in Move, a Rust-based programming language optimized for fast, secure transaction execution.
A key differentiator in Sui’s approach is its transaction processing model. The network can handle multiple transactions simultaneously instead of the typical sequential processing, reducing congestion and enabling a throughput of nearly 300,000 transactions per second. This is achieved through transaction parallelization, which allows multiple, independent types of transactions to reach “parallel agreement” simultaneously, leveraging data structured as independent objects.
In other words, transactions that do not depend on each other can be processed in parallel by Sui nodes, which use a byzantine fault-tolerant Delegated Proof-of-Stake (DPoS) consensus mechanism to ensure network security. Read More
How everyone in Ethereum will migrate to smart accounts: Safe co-founder
Smart accounts will solve the “wallet trilemma” by optimizing for non-custodial control, convenience and security, according to Lukas Schor.
An Ethereum Improvement Proposal known as EIP-7702 may accelerate the adoption of smart accounts by making it easier for existing users to upgrade their wallets, according to Safe co-founder Lukas Schor.
“EIP-7702 will be the tipping point for account abstraction,” Schor said at the Ethereum Devcon 2024 event in Bangkok, Thailand, on Nov. 13.
Speaking to Cointelegraph, he said that despite predictions, the widespread adoption of account abstraction or smart accounts hasn’t happened yet, mainly due to difficulties in convincing users to migrate existing wallets and a focus on onboarding new users rather than converting existing ones.
He said that EIP-7702 would enable users to convert their existing wallets or accounts into smart accounts.
“I think in five years, maybe earlier, every account on Ethereum will be a smart account.”
The Ethereum Improvement Proposal suggests a new transaction type that adds a field for externally owned accounts (EOAs), enabling them to process smart features without changing their structure. It also allows wallet providers such as MetaMask to offer smart account features.
Smart accounts also solve the “wallet trilemma” by optimizing for non-custodial control, convenience and security rather than just two of these, he said.
“If we move people to smart accounts, it will unlock everyone’s potential because they don’t need to pick and choose. They can have all three of them.” Read More
Tap-to-pay crypto coming to Coinbase Wallet, L2 interoperability in months
Jesse Pollak, creator of the Ethereum layer-2 network Base, expects the Coinbase Wallet feature to be available for users in 50 countries by the end of 2025.
Coinbase Wallet will soon roll out a “tap-to-pay” crypto solution to compete against Cash App, Venmo, PayPal and other fast payment firms.
Speaking to Cointelegraph, Coinbase Wallet lead and Base founder Jesse Pollak revealed the feature for Coinbase’s non-custodial cryptocurrency wallet in “internal alpha right now,” with a full rollout “coming very soon.”
“Tap to pay is going to be huge, particularly for the long tail of merchants where maybe they are currently using Cash App or Venmo or PayPal,” he said at the DevCon conference in Bangkok on Nov. 13.
“We can give them a better, faster, more global tap-to-pay experience that will work in every country around the world. I think it’s pretty huge.”
The creator of Ethereum layer 2 Base hopes to see 50 countries integrated into Coinbase Wallet by the end of 2025. Read More
The Top Five Cryptocurrency Exchanges by Trading Volume And Its Significance
The world's financial landscape is undergoing a profound transformation, driven by innovative approaches to economic exchange. This shift is influenced by technological progress worldwide and impacts various aspects of society. The traditional boundaries of finance have been erased, as transactions are no longer limited by physical presence or geographical constraints. The nature of commerce has also undergone a significant shift, with the rise of digital assets and the increasing popularity of buying and selling liquid assets that exist solely in the digital realm.
Cryptocurrency is a popular digital asset that is increasingly used for transactions and debt settlement on a global scale. Given the rapid advancements in the crypto industry and the growing government interest, cryptocurrency is anticipated to replace traditional fiat currencies eventually. In addition to serving as a form of payment, crypto tokens can also be exchanged with one another.
The emergence of cryptocurrency trading has given rise to a specialized market that operates through online exchanges. These exchanges facilitate the buying and selling to engage in transactions within the cryptocurrency space. Without these platforms, it would be highly challenging for individuals to participate in the market, highlighting their crucial role in modern finance.
These exchanges, which play a vital role in the cryptocurrency market, can be centralized, decentralized, regulated, or deregulated. A key metric for evaluating their importance is the total trading volume of transactions executed on these platforms over a specific timeframe. Essentially, trading volume gauges the level of market activity, revealing the number of participants engaged in buying and selling and their willingness to take risks on price fluctuations. Read More
Ethereum Layer-2 Network Linea Reveals Plans to Launch Token
The Consensys-incubated Ethereum network Linea is now governed by a nonprofit association, with a token coming in early 2025.
Linea, the Ethereum layer-2 scaling network incubated by Consensys, announced on Wednesday the launch of a nonprofit organization to support the network—with plans to roll out a token by the end of Q1 2025.
The Linea Association will support the development of the Linea mainnet, work to foster its decentralization, and encourage the growth of “stronger communities of real people” on the network. It will pursue these goals through initiatives like the LINEA token, which will allow holders to participate in the network’s governance.
The LINEA token will be airdropped to ecosystem contributors at some point in the coming months, based on criteria that has not yet been announced and a snapshot that has not yet occurred, according to the Linea Foundation.
The Foundation itself will be based in Switzerland and governed by a multi-layer structure consisting of a board of directors, a general assembly, employees who will report to an executive director, and the aforementioned body of LINEA token holders.
Despite that semi-corporate structure, the newly minted Association insists that decentralization is at the core of its mission.
“Linea must be owned and governed openly by all as a public good, just as layer-1 Ethereum is,” the network’s founder, Nicolas Liochon, said in a statement. “The establishment of the Linea Association ensures that the protocol's future lies in the hands of its community, empowering users and developers to shape its trajectory collaboratively and transparently.” Read More
This app introduces new DeFi strategies, including those powered by RWAs
The latest update to the protocol introduces a variety of new strategies for spot traders and onchain yield farmers, offering leverage opportunities on the market.
Primex Finance expands its functionality by offering yield farming with leverage, providing access to real-world assets, liquid staking and restaking protocols.
Decentralized finance (DeFi) presents a wide range of opportunities for both high-risk traders and yield farmers. While some are drawn to leverage and advanced strategies to amplify returns, others seek opportunities through lending, staking or liquidity provision.
However, these diverse groups of participants face common challenges: Access to leverage without the constraints of overcollateralization and the availability of diverse strategies for points farming, amplification of the liquid staking yield and leveraged access to real-world assets (RWAs). As most platforms either cater exclusively to high-risk traders or yield seekers, there’s a growing need for a solution that bridges these two worlds and unlocks new opportunities for all.
Combining high-leverage farming with low-risk lending:
Primex Finance, a leveraged trading and yield farming protocol, stands at the intersection of high-octane trading and low-risk farming, bringing lenders, traders and yield farmers together. By connecting the dots between decentralized exchange (DEX) liquidity, access to RWAs and high-leverage opportunities, Primex aims to create an ecosystem where users can do more with their capital — whether it’s amplifying their trading positions or maximizing yield in a controlled, low-risk environment. Read More
Coinbase acquires on-chain payments platform Utopia
The Utopia Labs team will join the Base network to accelerate Coinbase Wallet's on-chain payments buildout.
Coinbase has bought Utopia Labs in a bid to build out the cryptocurrency exchange’s on-chain payments infrastructure, Coinbase said on Nov. 13.
Utopia Labs’ team will join Base, Coinbase’s layer 2 scaling network, “to help accelerate our onchain payments roadmap within Coinbase Wallet,” Coinbase said in a blog post.
“There’s a natural flywheel here: Base is supporting developers who build onchain apps, those apps attract users onchain, Wallet onboards those users, and in turn more users incentivizes more developers to build onchain,” Coinbase said.
Launched in 2023, Coinbase’s Base is now the largest Ethereum layer 2 (L2) by total value locked (TVL), according to DeFiLlama. Read More
User-friendly applications should attract newcomers to DeFi — AMA recap with Storm Trade
The TON-based decentralized exchange helps the community-driven ecosystem to onboard masses to DeFi.
Denis Vasin, lead developer and co-founder of Storm Trade, has joined a Cointelegraph AMA session. He discussed the importance of simplicity and a user-friendly experience when onboarding newcomers to decentralized finance (DeFi).
Storm Trade, one of the first decentralized exchanges (DEXs) on the TON blockchain to offer perpetual trading, hosts a wide range of features designed to simplify the DeFi experience for everyone.
Any user with a crypto wallet can readily dive into the protocol. Emphasizing user-friendliness, Vasin explained, “You can use wallets that are already integrated into Telegram, which every user has. And you can start trading directly with the Storm Trade platform through our Telegram Mini App, with a pretty simple user interface. So it’s really trading at its simplest.“
The ease of use and TON-specific properties, combined with support for popular tokens like Toncoin and Notcoin (NOT), helped the platform’s total value locked (TVL) to skyrocket. “A key reason for this is our dedicated work with the community,“ the co-founder noted. “Another factor that has worked in combination is attracting more traders and adding more opportunities for providers to earn not only on USDT.“
Storm Trade recently added several features to enhance the trading experience, including a sequencer. “With our sequencer, each order is actually executed in less than a second. This is achieved through what I call L1.5 with onchain verification. Another thing is our guaranteed execution pricing. Regardless of the market conditions, you get executed at the exact price with no slippage,“ Vasin detailed. Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
Featured Image Source: Pixabay
