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Bitcoin is the perfect settlement layer to build apps on top of — Hiro CEO
Bitcoin programmability may also help further drive Bitcoin adoption as both a technical and financial layer in our society, which in turn may “drive up the price” over the long term.
While the Bitcoin network isn’t programmable, it serves as an excellent settlement layer to build robust applications on top, says Hiro CEO Alex Miller.
Hiro provides Bitcoin development tools for developers to build on the Stacks blockchain. Miller said Stacks inherits the Bitcoin network’s security through a consensus mechanism called proof-of-transfer (although this is a controversial statement for some).
Miller told Cointelegraph that the value proposition behind building programs on top of Bitcoin is that it’s a “really well settled, well accepted, very trustworthy settlement layer.”
He added that because of this, it’s a much simpler blockchain to build on top compared to most other smart contract platforms which do computation and settlement on the same layer:
“When you have both your settlement and your computation on the same layer, it really complicates things in a lot of ways. [...] You don't want to be modifying your settlement layer that much.”
That enables developers to “do more innovation more quickly” on a layer 2, which “has far, far more robust capabilities.” Read More
What is a cryptocurrency ETF and how does it work?
A cryptocurrency exchange-traded fund (ETF) tracks the price of one or multiple digital tokens and consists of numerous cryptocurrencies.
Exchange-traded funds (ETFs) have grown in popularity as a means of investing since the mid-1990s due to their intraday liquidity and low transaction costs. In general, ETFs track a specific index and are generally traded on exchanges.
In a securities market, ETFs allow investors to trade their shares continuously throughout the trading day, unlike mutual funds, which only permit investors to purchase or redeem shares at the close of the trading day.
In the cryptocurrency market, a fund that tracks the price of one or the multiple digital tokens and consists of various cryptocurrencies is called a cryptocurrency ETF. This article will discuss how a cryptocurrency ETF works and the benefits and risks involved in cryptocurrency ETFs. Read More
Hardware wallets to take similar approach to potential Ethereum hard fork
Forked coins have proven to be lucrative in the past. Holders of Ethereum came to possess an equivalent amount of Ethereum Classic when it forked in 2016.
For ETH holders using hard wallets, the question is more straightforward: What would happen to your tokens if a fork followed the Merge? We have prepared some answers to this question so you don't get lost or trapped in a scam in the coming hours.
Most of the hard wallet providers are taking the same approach: Monitor adoption on the new chain as well as the forked chain before adding any support for ETHPoW. They also say that there is no need for users to take any action during the upgrade.
Charles Guillemet, chief technology officer of secure hard wallet provider Ledger, explained to Cointelegraph:
“In the event of a fork, the first thing everyone should know is that any assets the user currently has on the main network are safe,” adding that the company “will not support an ETH Proof of Work fork on day 1, as there are a number of technical aspects that need to be evaluated to ensure it's safe for users, chief among those is ensuring the new chain is secure.” Read More
Ripple vs. SEC: New Lawsuit Filings Will Impact Crypto Space for Years To Come, Says Legal Expert
A legal expert who is closely following the U.S. Securities and Exchange Commission’s (SEC) crypto case against Ripple says the outcome of the lawsuit could impact “the entire space for years to come.”
Attorney Jeremy Hogan, an XRP proponent, tells his 226,500 Twitter followers that it’s a “huge week” in crypto law for two reasons.
“The Ripple summary judgment briefs will be filed today (although we won’t see them until Monday) and a decision in the LBRY case is expected this week.
These two things will affect the entire space for years to come.” Read More
HVC is poised to triumph in the crypto economy.
Markethive is a monolithic blockchain project currently operating as a social network, an entire inbound marketing platform with email, blogging, and digital media capabilities that broadcast to the vast internet. It’s a complete Market Network and the first of its kind.
Markethive is predominantly a free system where users can access a platform that can cost more than $2,500 offered by other marketing platforms. There are, of course, upgrades that open up more tools and monetization opportunities, the first being the Entrepreneur One Loyalty Program, and coming soon is the Premium Upgrade.
The many domains Markethive has and its autonomous cloud systems that ensure its sovereignty and longevity make it untouchable and immune from the tech giants’ rule and biased agenda. But can still remotely infiltrate the social media platforms and reach the multitudes either locked in or looking for an alternative meritocratic medium.
In other words, wherever you go, Markethive is there, anywhere and everywhere, delivering its message via its community of entrepreneurs to a far-reaching audience. This next-generation social market media is poised in the wings, and when the time is right, it will emerge as a shining light to lift people up and bring financial sovereignty and hope in this gloomy and uncertain world.
The video platform, conference rooms, the unique four specific news feeds currently in development, and many other projects and incentives add to the credibility and need for an ecosystem in the social media and digital marketing space. Read More
Metaplex Set to Airdrop MPLX Tokens to Solana NFT Creators
Metaplex will launch a DAO to enable community governance, with non-U.S. creators set to reap the reward of MPLX tokens.
Metaplex, creator of the Solana NFT protocol of the same name, will launch an MPLX token today and conduct an airdrop to NFT creators.
The token will let users govern the platform, but the airdrop is not available to creators based in the U.S.
Solana NFTs are on the rise again lately thanks to buzzy projects like y00ts and ABC, and now the creator of the network’s NFT protocol is striking while the iron’s hot: Metaplex has announced plans to launch a token and decentralize its governance via a DAO.
Metaplex’s MPLX token was announced over the weekend and will drop today, and NFT creators who used the Solana protocol are eligible to receive a yet-undisclosed allotment of tokens. There’s one big caveat, however: United States residents are not eligible for the airdrop, presumably due to regulatory concerns.
Metaplex plans to open its claims website later today, enabling eligible wallets to receive the MPLX token. The utility token will be used to launch a DAO, or decentralized autonomous organization—an online community in which membership is represented via tokens. MPLX token holders will be able to vote on governance proposals regarding the NFT protocol. Read More
Learn from Celsius — stop exchanges from taking your money
Are your coins at risk of being seized by an exchange in the future? Here are some factors to consider related to using centralized exchanges.
Disgraced cryptocurrency lender Celsius Network asked a court this month to return assets to its “custody clients,” but not to its “earn-and-borrow” customers. Wondering how to keep yourself in the former group when the crypto exchange you’re using goes under? Here’s a summary.
What exactly is a “custody client?” It’s similar in principle to a savings account with a traditional bank — often repayable upon demand by the custodian. In this case, it’s Celsius that has a fiduciary responsibility.
This type of account is kept separate from an “earn-and-borrow” account. It includes coins that can be transferred, swapped or used as loan collateral, but they don’t earn rewards. Purchased or transferred coins will go to your custody account. It is estimated Celsius has approximately 74,000 custodian accounts.
In contrast, coins in your earn-and-borrow account will earn rewards but can’t be swapped or used as loan collateral. This applies to stakers and — obviously — borrowers. Read More
Ethereum community wastes no time minting PoS NFTs right after the Merge
The Merge happened, and now the community watches like proud parents as Ethereum takes its first steps as a proof-of-stake consensus.
The long-awaited Ethereum Merge has happened, and the community can’t sit still. Moments after the historic crypto event, one user minted the first ever nonfungible token (NFT) on the proof-of-stake (PoS) consensus.
Officially, the Merge took place on Thursday at 6:42 am UTC at block 15537393. The first announcement of the mint and sale of the NFT came shortly after at 07:08 amUTC.
The NFT, which is a time capsule of the moment of the first NFT mint bearing the iconic panda face, was quickly purchased at the price of 36 Ether (ETH).
Following the announcement of the first PoS NFT, Crypto Twitter exploded with retweets and commentary. Community remarks ranged from “questionable decision making” to calling it “fire.” One user even questioned if the Merge panda is going to be the new ape, in reference to the iconic Bored Ape Yacht Club personas.
After the news broke of the first NFT mint and sale, so began the avalanche of firsts for the new blockchain operating system. Read More
Music is an essential part of our lives — and it's now going to thrive in this NFT marketplace
A new music-focused NFT marketplace wants to bring fans closer to artists, clamp down on ticket touting and throw extravagant, immersive concerts in the metaverse.
A multi-chain marketplace that's fully focused on music-related nonfungible tokens is gearing up for launch within weeks.
Centaurify says it's determined to empower musicians with an opportunity to make the most out of Web3 — all while bringing them closer to fans.
Ethereum and Solana are going to be supported initially, with more networks set to be included in subsequent releases.
Another crucial Centaurify product will centre on issuing tickets for live music events as NFTs. Executives firmly believe this has the potential to eliminate counterfeits, prevent "scalping" practices that raise prices for everyone, and ensure artists and organizers receive revenues whenever tickets are sold on secondary markets.
With such cutting-edge startups, it's crucial for the leadership to have credibility — and the contacts to transform the ways a multibillion-dollar industry operates. Centaurify ticks this box given how it's been co-founded by Martin Danielle Bjercke — an award-winning DJ who has amassed one billion streams, been signed by some of the world's biggest record labels, and appeared as a judge and mentor on The Voice. 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.
