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Ethereum devs tip The Merge will occur in August ‘if everything goes to plan’
Core Ethereum developer Preston Van Loon says that the network’s long-awaited transition to proof-of-stake will most likely happen this August.
Ethereum’s long-awaited migration to a proof-of-stake (PoS) consensus mechanism, which has been pushed back time and time again, looks set to occur sometime in August — hopefully.
Preston Van Loon, a core developer of the Ethereum network, told attendees at the Permissionless conference that the transition, known as The Merge, would occur sometime in August if everything plays out according to plan.
Van Loon told the 5000 attendees that the team was looking to make the transition before the so-called “difficulty bomb” would degrade the network as scheduled:
“As far as we know, if everything goes to plan, August — it just makes sense. If we don’t have to move [the difficulty bomb], let’s do it as soon as we can.” Read More
Congress May 'Work More Quickly' on Stablecoin Regulations Amid UST Collapse: SEC Commissioner
“Crypto mom” has once again stated that she wants to see clear regulatory rules about using cryptocurrencies and stablecoins.
Rules defining the use of cryptocurrencies, including stablecoins, should be as clear as possible, and that is something the U.S. Congress could help develop, according to the U.S. Securities and Exchange Commission (SEC) Commissioner Hester Peirce.
"Crypto is an area where I've been calling for us to take steps to regulate the market, to put out clear rules about what people need to do," she said in an interview with Bloomberg on Thursday.
According to "Crypto Mom," the nickname the crypto community has given Peirce for her strong support for the industry, stablecoins may or may not be within the SEC's jurisdiction, "but facts and circumstances matter, but it's something that the Congress has been looking at."
"Congress may well weigh in, and I think that the events of last week are likely to encourage them to work more quickly on it," said Peirce. Read More
Why is Ethereum used for NFTs?
Nonfungible tokens (NFTs) are compatible with any Ethereum-based project. You could, for example, trade a piece of a portrait for a ticket!
Most NFTs are part of the Ethereum blockchain at a high level. Ether (ETH), like Dogecoin (DOGE), is a cryptocurrency, but the Ethereum blockchain also enables these NFTs, which store additional information that allows them to function differently from digital currencies.
NFTs have incredible potential, and the ERC-721 was created to address the need for unique tokens. Moreover, due to its rarity or age, the ERC-721 standard is distinct and can have a different value than another token from the same smart contract. The Etherscan NFT Tracker ranks the top NFTs on Ethereum by volume of transfers.
But do you need Ethereum to make an NFT? The answer is no. Ethereum is not a prerequisite to creating NFTs. Other blockchains like Solana (SOL), Cardano (ADA), Tezos (XTZ), BNB Chain (BNB), and Tron (TRX) are alternative platforms for minting or creating NFTs.
So, if you want an answer to, “Is ETH the only way to buy NFT?” The answer, again, is no. Each platform requires the transaction fee to be paid in its native token. For instance, 2 ADA (Cardano blockchain's native token) is the cost for the NFT-MAKER PRO platform, which is paid to the customers' wallet together with the minted NFT (a requirement from Cardano). Read More
Grand Time Harnesses Blockchain To Power Time Monetization For Users
Cryptocurrencies are now more popular than ever, yet mainstream adoption hasn’t been able to gain significant traction. While a younger generation and tech-savvy individuals commonly own digital currencies, the wider population still considers cryptocurrencies overly complicated. This is where Grand Time comes into play, enabling people to learn about cryptocurrencies, earn crypto rewards by performing simple tasks, and invest in decentralized finance (DeFi) primitives.
Powered by its native $GRAND token and proprietary blockchain-enabled decentralized time, Grand Time allows users to monetize their time through its diverse ecosystem of Web 3.0 solutions. The Grand Time ecosystem consists of multiple segments, each designed to reward users for their time on the platform. This includes the Grand Crypto School, Grand Social Mining Platform, Grand Community & Messenger, Grand Wallet, Grand GIG Tasks Marketplace, Grand Dex Exchange, and Grand NFT Marketplace.
Earning on the Grand Time platform doesn’t require any technical skills or knowledge of blockchain. Users only need to perform simple digital tasks and, in turn, receive $GRAND tokens for the time they spend completing these tasks. 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
Pharrell Williams: Web3 Is ‘Scaring the System’
At VeeCon, the musician described how he sees blockchain technology changing the world for the better.
Popular musician and producer Pharrell Williams spoke at the VeeCon NFT conference on Saturday.
He described the potential impact of Web3 on creative industries, but also on human rights and the wider world.
Musician, producer, and fashion designer Pharrell Williams believes that a revolution is coming that will shake up the music industry, the financial system, and even government—and he thinks that blockchain and decentralized Web3 technology are key to it.
Williams appeared at VeeCon on Saturday, and during an onstage interview with entrepreneur and event creator Gary Vaynerchuk, the artist—known for the hit songs “Happy,” “Get Lucky” with Daft Punk, and “Drop It Like It’s Hot” with Snoop Dogg—described his introduction to NFTs and how he sees the underlying technology empowering social progress.
An NFT acts like a proof of ownership for an item, and they’re often used for digital goods such as artwork, profile pictures, collectibles, and even music tracks. They can provide access to gated communities and experiences, as well, and are expected to serve as building blocks for the metaverse—a more immersive future internet.
Williams said that he began exploring the concept of NFTs a couple of years back, and that he was “late to it.” Vaynerchuk returned a facial expression suggesting that Williams’ take was inaccurate—that he was actually early to NFTs, given that the market just took off in 2021—which elicited laughter from the audience. Read More
The truth behind the misconceptions holding liquid staking back
Staking is complicated, but learning the truth behind these four myths will help to increase liquid staking mass adoption.
Blockchains have relied on proof-of-work (PoW) validation since their inception. Yet the PoW consensus proved to be unsustainable with its high energy usage and its need for fast, powerful hardware creating high barriers to entry. That’s why blockchains are adopting proof-of-stake consensus algorithms (PoS), where those wanting to earn rewards don’t have to compete against other miners, but can simply stake part of their crypto for a chance to be chosen to be a validator — and reap the returns.
Everyone who owns crypto on PoS blockchains must want to take advantage of the opportunities staking provides, right? Actually, according to our report, while 56% of those surveyed had staked before, many who hadn’t staked or wouldn’t stake again pointed toward the same hesitation: They don’t want their assets locked up in staking, not when those assets could be put to use elsewhere. This is why liquid staking provides the best of both worlds. It allows investors to stake their assets while also allowing them to use those assets in other projects during lock-up.
Despite the fact that this innovation is able to lower barriers to staking, there’s still confusion about what liquid staking is and what it can offer to the crypto community. What follows are some of the misconceptions about liquid staking and what the truth is about this new opportunity. Read More
How Blockchain Technology Expands The Education Frontiers
From digital tokens to play-to-earn games, blockchain technology has disrupted several industries. Today, it is entering the education sector.
From cross-border payments to synthetic assets, distributed blockchain ledgers and their tokenization utilities have created powerful financial products that are globally accessible.
While blockchain is democratizing finance, its usability doesn’t have to be limited to cryptocurrencies. Another industry that carries equal weightage as finance and needs an immediate restructuring is education.
The current system doesn’t cater to all students equitably. Some have more access to higher-level education, while others struggle to get the bare minimum, which was primarily observed during the pandemic.
So to make sure such disparity never occurs again and all learners have access to top-notch education, there has to be a solution fundamentally changing the education system from the inside out, and many believe blockchain technology powering the metaverse is the way to go. Read More
What’s a Web3 Project Really Worth? Here’s How to Tell.
Web3 startups are a new kind of company—and there are new ways to value them.
In the last decade, we have witnessed an ever-increasing explosion of Web3 projects building decentralized versions of Web2 platforms and services. Compound is building the Web3 version of Bank of America, Uniswap is NYSE, Yearn Finance is the decentralized Blackrock, and so on.
In theory, the 9,000-plus Web3 projects in existence today promise to be open-source, permissionless and supported by token economies. Yet while many new Web3 projects label themselves as decentralized networks, protocols, DAOs, and dapps, most are actually businesses with products that will fail to grow if they don’t start thinking of themselves as such.
Ideology does not sell long term, and assigning terms like “protocol” and “DAO” doesn’t remove the requirement to develop and scale a product that people actually want to use. And indeed, in the case of Web3 projects, their products should be an order of magnitude better than their centralized counterparts to make up for the significant UX friction of using a product with a crypto backend.
But this still leaves the question about how to measure success. Until recently, Web3 projects have primarily been judged by two metrics: price and market cap—call it “value by speculation” if you like. And as we know from history, this is not a great proxy for long-term success. 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.
