Verasity, ticker symbol $VRA, has burned 50% of its maximum supply today following one of the largest community consultations in crypto history - with further plans to move 90 billion tokens, currently reserved for data circulation, to a new blockchain. Verasity (VRA) Burns 50% of its Maximum Supply Following Landmark Community Consultation Open to over 500,000 community members and token holders, Verasity's community consultation marks an inflection point for the project, which has transformed its position in the market through a strong focus on commercial adoption and transparent communications. Following the consultation, the decision was taken to burn 10 billion $VRA tokens, originally minted as part of a strategic reserve wallet held for future business use. Today's burn effectively caps $VRA's circulating supply at just ~10 billion. Verasity no longer required the 10 billion strategic reserve tokens following the commercial success of its anti-bot advertising technology offering, powered by its patented blockchain technology, 'Proof of View'. The company announced at the beginning of the year that its solution was already in use by clients, with business development continuing throughout 2023. Verasity can now expand operations and scale using revenue generated from its technology. Circulating $VRA, which now numbers just ~10 billion, will retain its utility within the VeraViews advertising ecosystem as a payment option for clients, for use within the VeraWallet staking ecosystem, and as a deflationary token subject to quarterly burns. Over 155 million VRA was burned in H1 2023 alone. Today's 10 billion burn represents one of the largest single burns of any crypto project to date, proving Verasity's new focus on a community-led strategy that delivers value to token holders, while also remaining agile for commercial roll-out. The Verasity team has also stated that it is actively looking for alternative blockchains to move 90 billion 'Proof of View' marker tokens, which facilitate data transfer for its advertising stack and do not contribute to circulating supply. RJ Mark, CEO and Founder of Verasity, says: "Our commercial rollout is bringing greater utility to $VRA through its primary use as a payments option for VeraViews campaigns. Now, our community consultation and subsequent burn of our strategic reserve tokens, some 50% of our maximum supply, proves that we're also listening to our community and improving our crypto ecosystem. This is part of our growth strategy for 2024, where we expect huge demand for our advertising solutions, and we're now laying the foundation for that growth." Verasity consistently overperforms across social impact, engagement, and social volume - achieving top spot on LunarCrush's AltRank several times during 2023 out of some 4,400 tokens. Its roadmap, and plans for future growth, can be found here: https:/ verasity.io/roadmap. About Verasity - Verasity is an open-ledger ecosystem designed to fight advertising fraud, provide open access to infrastructure for publishers and advertisers, and reward users for watching video content. With product verticals in the advertising and video player industries, Verasity ties together its ecosystem with its patented 'Proof of View' blockchain-based technology. The $VRA token, which is used for funding advertising campaigns, staking through VeraWallet, and distributing Watch & Earn rewards, is central to the Verasity ecosystem as a single utility token with a whole host of applications. Verasity's roadmap for 2023 includes the launch of the VeraCard to complement its VeraWallet offering and provide new utility for the $VRA token.

Uno Re announced there partnership with Syscoin (SYS), a Layer-1 and Layer-2 blockchain solution built to combine industry-proven technology to support cutting-edge applications all in one network.With the mission to be the world’s first decentralized insurance and reinsurance platform that allows the crypto community to invest and trade in ‘risk’ and receive sizable returns on their investments, Uno Re is to join forces with Syscoin to explore potential areas to provide the blockchain platform with different insurance coverages.This partnership will benefit both parties as Syscoin aims to provide companies with the most secure commercial infrastructure for goods, assets and certificates, and digital data.Uno Re and Syscoin will together explore the following:Uno Re will provide Initial Digital Offerings (IDO) insurance coverage for projects kick-starting their journey on Syscoin’s launchpad.Together, both projects will explore options that utilise Syscoin’s Blok tenancy and potentially provide insurance coverage for Syscoin’s partners.Uno Re will provide Layer-2 solutions for tokens when Syscoin’s ZK-Rollups are launched. Syscoin implement its Phase 2, which brings ZK-Rollups onto the network increasing the speeds by up to 210,000 transactions per second (TPS).Last but not least, we will also provide Security Token Offerings (STO) coverage to compliant roll ups of Syscoin that will be much cheaper than a regular token cover.Aside from everything above, users who onboard their projects onto Syscoin would be able to use their Network Enhanced Smart Contracts (NEVM) and get insurance discounts of up to 30%.“With new technology, comes new services — our partnership with Syscoin is nothing but extraordinary. Aiming to provide transparency and utmost security to users within the crypto ecosystem, we are super excited to work with Syscoin and mutually benefit each other”.Jas Singh, CEO, and Co-founder of Uno Re“Syscoin has discovered the holy grail of regulatory compliance for securities and DeFi, which our ZK-Rollups will inherit. Uno Re’s Reinsurance proposition will expand this application into an incredibly exciting frontier.”Jag Sidhu, Lead Core Developer of Syscoin & CTO of Blockchain FoundryAbout Uno ReUno Re is the world’s first decentralized insurance and reinsurance platform, allowing the community to invest and trade in ‘risk’ and receive sizable returns on their investments in one of the safest asset classes in the world. The platform will break barriers to entry for the retail investor by doing away with the historic pre-requisite of absurdly high capital generally needed to invest in the market while also introducing much-needed transparency into the industry as a whole. Uno Re will also allow the community to propose innovative insurance products to the space, thus propelling a new generation of Insurtech companies powered by the Uno Re ecosystem.About SyscoinSyscoin is a decentralized and open-source project founded in 2014 whose NEVM combines the best of Bitcoin and Ethereum in a single coordinated platform.Bitcoin’s proven security and Ethereum’s Turing-complete programmability elevated to true L2 scalability via ZK-Rollups taking place on a singular platform, Syscoin, will usher in the next step in the evolution of blockchain technology.

The #bitcoin   halving is only 200 days away.But what does this mean and why is it important! ?If your unsure take a read through this ! #BTC   $BTC After the network mines 210,000 blocks roughly every four years the block reward given to Bitcoin miners for processing transactions is cut in half. This event is called halving because it cuts the rate at which new bitcoins are released into circulation in half.What Happens When Bitcoin Halves?The term "halving" as it relates to Bitcoin concerns how many tokens are rewarded. This acts as a way to simulate diminishing returns, theoretically intended to raise demand.The Bottom Line.Bitcoin halving cuts the rate at which new bitcoins are released into circulation in half. The rewards system is expected to continue until the year 2140, when the proposed 21 million limit for bitcoin is reached.Why is the halving so important & why was us created?Conventional FIAT currencies allow governments or banks to print money and cause inflation. In Bitcoin's case, the total supply will be maxed out at 21,000,000 BTC. Printing extra money causes inflation, if there is no extra money printed, the value of the Bitcoin should increase as the demand will rise (more people will start to use Bitcoin) and supply will lower or stay flat (no more Bitcoins are "printed"). This makes Bitcoin similar to gold, which has limited supply and cannot be "printed" or artificially created

What is BlockDag ?

In the context of distributed ledgers, a blockDAG is a DAG whose vertices represent blocks and whose edges represent references from blocks to their predecessors.

The difference in structure provides opportunities.

Both the blockchain and the blockDAG are distributed ledgers. However, they have different structures. A blockchain represents a chain of transaction blocks in an unalterable, chronological order. Conversely, a blockDAG is a network of individual transactions linked to multiple other transactions.

There are no blocks of transactions in DAG networks. If blockchain is a linked list, a DAG is a tree, branching out from one transaction to another, to another, and so on.

Thus, a blockDAG provides a new outlook on validation, which could take the concept of decentralization a step further. In contrast with a blockchain’s multiple solutions to consensus, in a DAG, individual transactions provide validation for one another.

Also, the system eliminates the need for fees, as each transaction participant is automatically a miner and a validator (not to their own transactions). By doing so, blockDAG also cuts the need for a “miner army,” thus slashing energy consumption.

1/ BlockDag Introduction

BlockDag = Directed Acyclic Graph of Blocks.

Innovative data structure in blockchain/cryptocurrency systems.

Addresses scalability and confirmation time limitations of traditional blockchains.

2/ Evolution of Development

BlockDag emerges as a blockchain evolution.

Aims to overcome bottlenecks, scalability challenges.

Gains momentum with the need for faster consensus mechanisms.

3/ Innovations in BlockDag

Concurrency: Multiple branches confirmed simultaneously, boosting transaction throughput.

Scalability: Higher throughput with reduced single-chain dependency.

Confirmation Speed: Parallel paths lead to faster transaction confirmations.

Orphan Blocks: Minimized due to multi-path confirmation.

4/ Leading Notable BlockDag Projects

For example, A leading BlockDag project like $TARA which is up alone over 1,120% nearly 11x & still in its infancy, is revolutionising tech, & rewriting the rulebook, by bringing innovation to blockchain like never before. With a new era of endless possibilities with their EVM-compatible #BlockDag tech, as well as others like $KAS

AI-Enabled Web3 integration Ecosystem

#Layer1 + #EVM compatible

BlockDag technology

Fast, Low-Cost & Green

Smart contracts

No Network Congestion

True Decentralisation

5/ Challenges & Future Directions

Security: Complex due to non-linear structure.

Consistency: Innovative consensus mechanisms are needed.

Adoption Hurdles: Changes in existing blockchain infrastructure necessary.

Conclusion

BlockDag tech offers a fresh approach to blockchain limits, Promising scalability, concurrency, and speed. Challenges persist: Security, consensus, and adoption will shape BlockDag's blockchain journey, as #bitcoin choses #decentralised and security, while #ETH opted for security and scalability, leaving decentralization in the rearview mirror. Can BlockDAG technology eliminate the need to choose?

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