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New Developments Happening in the Blockchain Space - July 28th

Posted by Simon Keighley on July 28, 2021 - 7:46am

New Developments Happening in the Blockchain Space - July 28th

New Developments Happening in the Blockchain Space - July 28th

How Ethereum Miners Could Exploit the Network and How to Fix It

Ethereum 2.0 could snuff out intentional blockchain reorgs, one form of MEV.

Miners are the oft-unacknowledged heroes of the Ethereum blockchain. They process user transactions, add blocks to the chain, and help keep the whole enterprise running by competing to solve cryptographic puzzles.

While they're rewarded with 2 ETH (about $4,000 at current prices) plus transaction fees for any block they're able to mine, they can often bag more.

The catch: To do so, they have to tinker with your transactions. Read More


 

Will Ethereum Become the Deflationary Asset of the Decade?

Much has been touted about Ethereum’s EIP-1559 update. Many claim it is the answer we’ve been waiting for in terms of reducing congestion and exorbitant gas fees. Others claim the update will turn Ethereum from an inflationary asset into a deflationary asset and could even help it ‘flip’ Bitcoin in the process. I’ve even heard that it will actually benefit miners. Read More


 

Polygon Onboards New Partner to Offer USDC Token to Millions of Customers

Ethereum’s second-layers solution Polygon is on a partnership spree. The latest one to team up with the scaling protocol is the leading fiat-to-crypto and payment infrastructure company, Wyre.

Payment solutions related to digital assets have slowly exploded in the scene. Over the past couple of years, several companies and ventures have worked around this concept to offer payment solutions. According to the latest announcement, the main objective behind the integration of Polygon and Wyre is to provide a fiat-to-USDC on-ramp to users across the globe via through Wyre’s API. Read More


 

Reddit to Deploy Layer 2 Solution Arbitrum to Scale Two Tokens Based on Ethereum

Reddit forum made an announcement on Thursday saying that Reddit is ready to deploy 2 scaling solutions Arbitrum in a bid to move the tokens from the testnet to the main Ethereum blockchain via Arbitrum. It will be upgrading its Community Points, the crypto tokens that are used as rewards in two of its subreddits. Read More


 

The Markethive Boost Launches 

Time to “Release The Boost” Unleash the Marketing Beast In All Of Us!

Now that we’ve got the Markethive Donation Wheel of Fortune spinning, giving away valuable prizes with every spin, it’s time to release The Boost. This launch is just the beginning of Markethive’s proprietary portfolio of advertising services. 

Fashioned from the Facebook Boost system, the Markethive Boost is a foundational inclusion and fundamental to the Markethive ecosystem. The service will “boost” your marketing efforts to every subscriber in the Markethive community with enormous potential to increase your brand awareness, conversions, and engagement. 

The Markethive standard news feed already allows your posts to reach all your friends’ news feeds, always organically. That’s 100%. There is no algorithm preventing your posts from being seen by all your friends and group members. No shadow banning or 3rd party deciding what you should and should not see. 

Right now, though, for a limited time, in line with the release of The Boost, you can take advantage of the special introductory price of only $20 for ONE BOOST to send your message into the News Feed of the entire Markethive membership. The $20 offer will be active for 30 days from the release date (July 25, 2021) and is available for all members of every level. Read More

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The future of art? World-famous artists delve into NFTs

With NFTs, the future of art is in the palm of your hand. Here is a look at the topmost famous artists getting into NFTs right now.

For millennia, the world of art has remained unchanged for the most part. The tradition has always revolved around artists selling their work to museums, galleries, or individual collectors. In return, the artist would get a market value for their work which was often kept in private vaults and only displayed to the public ever so often.

With the advent of NFTs, many artists are now able to take their work and offer it up for sale as a digital collectible. Through these blockchain-enabled digital assets, the artist cannot only maintain ownership of a piece of the art they produce but also gain royalties from sales made in secondary markets. Read More


 

The Rise Of Layer 2 Scaling Solutions And Cross-Chain Solutions On Blockchain

Satoshi, Bitcoin’s creator, laid the foundation of decentralized and peer-to-peer digital assets giving rise to a new ecosystem of money. Bitcoin solved the innate problems in the traditional finance world and global monetary system by introducing a censorship-free, secure and unique model that is borderless and trustless - giving personal banks for the unbanked and underbanked. 

Six years down the line, Ethereum was built changing the blockchain world forever. Ethereum brought about innovations, flexibility, and extensibility to the blockchain space via its Turing-complete ‘programmable blockchain’ allowing developers to build decentralized applications atop of it. Read More


 

Finding the sweet spot: Traditional financial institutions ready for DeFi

With the announcement of Aave Pro, a DeFi platform exclusively for institutional investors, the big boys may finally be getting ready to play with blockchain.

Cryptocurrencies have been vying for the attention of large institutional investors for years and they’re finally getting the attention they wanted. Blockchain networks and their consensus mechanisms never made sense to the traditional investor, but decentralized finance, or DeFi? That’s something everyone’s looking to get behind. Read More


 

Bringing the crypto payments ecosystem around the world: Ray Youssef

“I was nearly killed by the police, who saw me wandering through the city thinking I’m a looter.” Ray Youssef discusses his close calls and crypto adoption.

Though he has had 11 business failures, today Ray Youssef is building Bitcoin-funded schools across Africa as executive director of the Built With Bitcoin Foundation and is helping millions of people buy and sell cryptocurrency as CEO of Paxful. However, Youssef also admits to looting hardware stores on behalf of a convent school after Hurricane Katrina and says he was nearly shot as a suspected CIA agent during the Egyptian Revolution. 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 other advice.

 

 

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