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Bitcoin mining is for the people, thanks to GoMining
How GoMining is making bitcoin mining easy and accessible to everyone.
Bitcoin mining is one of the best ways to support and participate in the network and earn BTC. However, for most people, it is not easy to get started. Bitcoin mining’s barrier of entry continues to remain high, as the financial investment, technical knowledge, and active maintenance required are all too difficult for most people to enter the space.
Yet, that is all changing thanks to an incumbent bitcoin mining company, GoMining.
At its core, GoMining is a bitcoin mining company whose mission is to make bitcoin mining easy and available to everyone. Through their GoMining NFT and GOMINING token, anyone can invest in bitcoin mining without the hassle of needing physical mining equipment.
It’s thanks to a concept GoMining pioneered called Liquid Bitcoin Hashrate (LBH). LBH is the idea that the computing power of bitcoin miners can be tokenized into digital assets. As tokens, LBH can then be utilized among DeFi ecosystems for buying, selling, borrowing, and lending. Read More
Binance NFT Marketplace Ends Support for Polygon in Effort to ‘Streamline'
Users have until the end of the year to withdraw their Polygon NFTs from the exchange's NFT Marketplace.
Crypto exchange Binance today said it would end support for Polygon on its NFT marketplace.
In a Friday blog post, the world's biggest crypto exchange said the decision was part of "ongoing efforts to streamline product offerings on Binance NFT Marketplace."
Binance did not immediately respond to Decrypt's request for comment.
The news arrives just after Binance CEO Changepeng Zhao refuted "rumors" on Twitter that executives had left the company or it was winding down any projects. But then said in the same message that Binance has been handling a "smooth sunsetting of old products." Read More
Is 2023 the year genuine cross-chain interoperability takes off?
Blockchains need to become interoperable in order for the industry to truly flourish and several innovations will accelerate the ecosystem towards it, say executives.
The future of blockchain will be an interoperable one — with the death of “chain tribalism,” the proliferation of “hundreds of chains” along with an end to cross-chain bridge hacks, according to executives at Korea Blockchain Week.
Backing up the claims are several products slated for release before the end of the year that could see blockchain interoperability efforts move away from current solutions, which execs say don’t make sense and are a “honeypot” for hackers.
Vance Spencer, the co-founder of the crypto-focused venture firm Framework Ventures, told Cointelegraph at KBW that he thinks with many solutions on the horizon, including Chainlink’s Cross-Chain Interoperability Protocol (CCIP), it soon won’t matter what blockchain a project uses.
He said most startups begin on layer-2 solutions such as Optimism or Arbitrum, but soon begin to want their own roll-up. “It's like everyone's trying to create the standard,” Read More
Web3’s revolution: Why the digital wallet is the new marketing gold
The cookie-less internet presents an opportunity, not a risk. It has the ability to redefine and strengthen the connection and trust between consumers and brands.
The marketing landscape has shifted in the past few years and is ready for upheaval in the coming few years. Stringent regulations, the retirement of third-party cookies, privacy-conscious Gen Z, etc., will increase customer acquisition costs (CAC). The average CMO will likely shift dollars to pay a premium for higher-quality, zero-party data and to drive higher consumer engagement.
Amid this evolution, Web3 emerges as a beacon of possibility for the cookie-less internet. The killer application will be the user-owned digital wallet which can reconfigure consumer-brand relationships with an emphasis on privacy. Read More
Because of Solana’s POH method, it can horizontally scale the rest of the blockchain, the same way that operating systems and databases scale their software. Each Solana team member has over a decade of experience working in operating systems GPU acceleration. Compilers, networks, etc., giving them extensive and deep experience optimizing software.
Solana is based on scaling software with hardware, with the vision of building the world's largest decentralized, single chart blockchain. The only way to do that is by scaling all the core technologies with hardware.
Scaling the Blockchain in this way delivers a cheap cryptographic base for financial transfers and, more importantly, outside of finance. It is a way for Solana to build a better web experience for social media communities regarding micropayments.
Also, advertising-based revenues can be relinquished for social networks, leading communities to generate value by self-expression, creating their own content, and growing the network and the connections within the community, creating a better world for all. Read More
How Web3 improves data storage: GhostDrive joins Cointelegraph Accelerator
FileCoin-based data storage app GhostDrive focuses on user experience and encryption features.
What would drive the next billion users to the blockchain ecosystem? Green price charts for related coins, or perhaps more acceptance from governments around the world? Both can help draw the masses’ attention to blockchain-based technologies. However, the real-world uses would generate enough interest for the average user to try out the technology — an app or a service that provides utility for the end-user.
Data storage is a crucial area plagued by centralized monopolies that take away user control and data ownership. According to a Fortune Business Insights report, the market was valued at $217 billion in 2022 and is expected to grow to over $777 billion by 2030. Large corporations have been able to dominate data storage effortlessly due to the lack of competition, causing a stagnation in data storage improvements for end users. Read More
Sushi Expands to Aptos in 'Milestone' Move
The move to Aptos is the first time DEX has been accessible on a blockchain that is not compatible with the Ethereum Virtual Machine.
Decentralized exchange Sushi today announced expansion to Aptos.
In a Monday announcement, the popular DEX said the integration was a “milestone” because it’s the first time Sushi has been accessible on a blockchain that is not compatible with the Ethereum Virtual Machine (EVM).
Sushi is a popular Ethereum-based DEX that allows users to swap tokens and earn interest with their crypto. In terms of 24-hour trading volume, it is the 43rd largest DEX with $3.3 million in crypto traded in the past day, according to CoinGecko.
Aptos, launched in October, is a blockchain founded by developers behind Meta’s (formerly Facebook) Diem blockchain. It got off to a slow start but in August, the developer behind the blockchain, Aptos Labs, joined forces with Microsoft’s Azure OpenAI Service. Read More
DeFi group petitions to stop ‘patent troll’ targeting DeFi protocols
The DeFi Education Fund says a patent owned by True Return Systems is being used to try to profit from lawsuits against decentralized protocols.
A decentralized finance (DeFi) advocacy body has petitioned the United States Patent and Trademark Office (USPTO) to review a patent owned by a company it accused of being a “patent troll” — a firm that aims to profit from patent lawsuits.
In a Sept. 11 blog post, the DeFi Education Fund (DEF) said on Sept. 7 that it filed an over 90-page petition to the Patent Trial and Appeal Board in a bid to cancel a patent owned by True Return Systems.
Granted in 2018, the patent lays claim to a process for “linking off-chain data to a blockchain,” DEF legal chief Amanda Tuminelli said in a Sept. 11 X (Twitter) post.
Tuminelli claimed True Return tried to sell its patent as a nonfungible token (NFT). After no buyer, it sued the DeFi protocols MakerDAO and Compound Finance in October. Read More
Coinbase to integrate Bitcoin Lightning Network: CEO Brian Armstrong
Lighting Network helps Bitcoin solve its scalability problem and compete against newer cryptocurrency projects that promise comparatively faster and cheaper transactions.
Crypto exchange Coinbase has confirmed its decision to integrate layer-2 payment protocol Lightning Network as users seek faster and cheaper Bitcoin transactions.
Lighting Network (LN) was created to help solve Bitcoin’s scalability problem and to compete against newer cryptocurrency projects that promised comparatively faster and cheaper transactions.
Up until recently, major crypto exchanges, including Coinbase and Binance, had no intent to adopt the layer-2 solution as many community members argued that LN integration offered fewer incentives for exchanges’ income. 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.
