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Cardano To Increase Block Size By 10%, Can ADA Benefit From This Network Improvement?
Via an official post, Cardano developer Input Output Global (IOG) confirmed the approval and implementation of a proposal to increase the network’s block size. Currently standing at 80 kilobytes (KB), the mainnet will see a 10% increase to 88 KB.
Set to roll out today April 25 at 20:20 UTC, at the boundary of epoch 335, as confirmed by the company. IOG called this proposal a “significant network enhancement” set to increase Cardano’s throughput and the performance of its decentralized applications (dApp).
As the company reiterated, Cardano has been experiencing a series of network upgrades that will allow it to improve its scaling capabilities in 2022. As the block size increase, IOG added, they will keep a close eye on it for future changes:
Once deployed, we shall monitor network performance and behaviour closely over at least one epoch (5 days) to determine the next increment. Cardano has seen phenomenal growth in recent months, with performance improvements to match. Read More
Here’s How the Crypto Markets Will Look Five Years From Now, According Macro Guru Raoul Pal
Former Goldman Sachs executive Raoul Pal expects the world of blockchain technology to both mature and tackle new horizons regardless of whether there’s an extended bear market.
In an interview with the BitBoy Crypto YouTube channel, Pal says that over the next few years, Web 3.0 is going to dominate the internet and governments are likely to launch their own cryptocurrencies in the form of central bank digital currencies (CBDCs).
“People are writing off the Web2 platforms. Like Facebook Meta, it’s not going to happen. [Same with] Twitter. Cut forward to five years, they’re going to have Web3 integration. All of them. Facebook, people have to understand, is a four-billion-person network.
Within five years, we’ll have also launched the central bank digital currencies, whether they’re private sector ones like Circle or whether they’re public ones.
Maybe the [European Central Bank] tries to go public. Either way, that’s now given everybody the on-ramp and off-ramp to go into the digital world. And that’s definitely coming.
The sovereign wealth funds. These are the big pools of capital from wealthy nations. That’s different to the central bank’s reserves. This is the wealth of nations. That is coming. I know because I’m speaking to them, and I know that they’re doing it.
We also know that all of the investment banks are now building out all sorts of products in the space. The ability for people to trade options. So that’s all coming too.” Read More
Ethereum scaling solution Optimism upgrades governance structure
The Optimism Foundation has unveiled a new governance structure and token as part of its ongoing efforts to bring scalability and cost efficiency to Ethereum (ETH), the world’s largest smart contract platform.
The “Optimism Collective” was introduced Tuesday afternoon in a lengthy post that outlined its mission and governance mandate. Described as a “large-scale experiment in digital democratic governance,” the Optimism Collective essentially comprises a band of communities and stakeholders committed to improving Ethereum’s technical capabilities.
According to the details, the Optimism Collective will be governed by two components: the Citizens’ House and the Token House. The Citizens’ House will “facilitate and govern a process to distribute retroactive public goods funding” via revenues collected by the network. The Token House, which will be established through forthcoming airdrops, is tasked with voting on protocol upgrades and project incentives. Read More
Can Terra blockchain sustain its growth? Research report digs deeper
It only took Terra one year and 22 protocols to become the second-largest DeFi blockchain. How was it achieved, and for how long will it remain on top?
Decentralized algorithmic stablecoins, blockchain integration in real-world payments, and 20% APYs on decentralized finance (DeFi) protocols — what is all of this, and is it really doing this? The team of experienced crypto analysts from the Big Four and the best universities worldwide dives deep into the blockchain’s ecosystem, community, and underlying technology, assessing the potential regulatory, market, and technological risks.
Terra is a proof-of-stake blockchain ecosystem that aims to introduce cryptocurrencies as a means of payment to a broad audience. The team has successfully integrated the dual token model, where the minting and burning of the LUNA token control the supply and price of Terra’s stablecoins, including Terra USD (UST), TerraGBP, TerraKRW, TerraEUR, and the International Monetary Fund’s TerraSDR. Read More
We have a lot to be grateful for within Markethive. It’s like stepping out of the rat race into an oasis of humanity at its best. As an inbound marketing, business-based blockchain platform with an inherent entrepreneurial spirit, we have all the tools to get our message out to the whole world. We have a social media interface with a collaborative ethos rarely experienced on legacy social media.
We are starting to see new integrations in the blogging section in preparation for the customized, more intuitive interface and dashboard of Markethive and, of course, the Markethive Wallet that will facilitate the Merchant accounts for members as well as personal transactions, the Vault, etc.
The new-look Blogcasting Hub is located at the top of all blogs in the system. Blogcasting is a term introduced by Markethive and is an enhanced broadcasting system. In the traditional broadcasting sense, only the people who physically subscribe to your blog or newsletter are usually notified of your updates via email.
With this blogcasting system, your social networks are informed of your blog as and when you publish them. What this means is the potential reach is into the millions. Read More
Coinbase launches NFT marketplace with a focus on community
Coinbase, the largest US crypto exchange, has finally launched the beta version of its NFT marketplace six months after announcing its impending arrival.
The creatively named ‘Coinbase NFT’ will have to compete with more established marketplaces, most notably OpenSea and LooksRare, and thus the company has sought out ways to differentiate its offering.
“We’re building a marketplace where you can buy and sell NFTs, of course, but more importantly, you can engage,” said Sanchan Saxena, Coinbase Exchange’s VP of product, during a press conference.
“You can engage with the creator. You can engage with the collector. And you can engage with fellow collectors from a community around that NFT. This is an important piece of our strategy.” Read More
Web3 solutions aim to make America’s real estate market more accessible
Web3 solutions may be the answer to America’s housing market, but will the mainstream want to use blockchain-based platforms?
While the fate of the United States housing market remains unclear, the rise of Web3 business models based around nonfungible tokens (NFTs), blockchain technology, and cryptocurrency aim to solve many of the problems currently plaguing America’s trillion-dollar real estate market.
Jerry Chu, CEO of tokenization platform Lofty AI, told Cointelegraph that although real estate is one of the best asset classes for wealth creation across the globe, most people can’t access it due to three main reasons:
“Real estate, especially today, is expensive. Even if someone could get a mortgage, many times a down payment requires too much cash. The real estate process is also frustrating, as mortgages need to be approved and a title escrow process could take up to 60 days. Finally, there isn’t much liquidity in real estate, therefore sellers will likely lose money if they wish to quickly liquidate.” Read More
Why Preventing NFT Theft Is Key
When something with intrinsic value is produced, there will always be somebody who wants it. Theft has plagued history and various industries, and unfortunately (obviously) it also found its way to the NFT scene. NFT artists would often browse their favorite NFT marketplace, only to be surprised to find hundreds of copies of their art put up for sale unbeknownst to them. Commonly an anonymous user will mint an NFT counterfeit that is a screenshot or recording of the real thing.
An NFT connoisseur may not fall for such tactics like a newer NFT investor could, but nonetheless producing counterfeits is as easy as a right-click and save, and always permits a prolific issue to the thief with no possibility of money-back. On another note, forcibly stealing NFTs is nearly impossible without a user being hacked, phished, accessing a malicious contract, or giving away their password, and more generally theft is much more difficult on a blockchain. Blockchain provides a tool that could benefit any artist transitioning into ownership - if inauthenticity and NFT theft is solved. Read More
'We Don't Consider Ourselves an Ethereum Competitor': Ava Labs President
Despite nearly $2 trillion in total market cap, the crypto industry is still too small to compare major projects, according to Ava Labs president John Wu.
In 2017, “Ethereum killer” became a popular marketing term to describe a host of novel blockchains promising faster and cheaper transactions than those offered by the industry’s leader.
But since then, a lot has changed. And with it, a change in focus.
“We hate that. We don't consider ourselves an Ethereum competitor,” John Wu, president of Ava Labs, said on the latest episode of Decrypt’s gm podcast. “There's too much of this ‘us vs. them’ in this space.”
Ava Labs was co-founded in 2018 by Cornell University professor Emin Gün Sirer, who has claimed that Avalanche—a proof-of-stake (PoS) blockchain for new financial primitives and decentralized applications (dApps)—is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. 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.
