Ethereum, which successfully completed its second important update, the Shanghai upgrade in April, reached $2,140 within a week. ETH, which continued its downward trend after this ATH, was not successful in pushing $ 2,000 again at the beginning of May.

Ethereum, which fell to $ 1,740 with the decreases in the market, continues to be traded at $ 1,813 at the time of writing. Although ETH, which went up to $ 4,900 in the bull in 2021, is already far from this ATH, some analysts think that ETH will have a big boom.

Stating that they are optimistic about the rise of the ETH price, analysts of the investment fund VanEck said that by 2030, ETH can easily rise above $ 10,000.

Speaking to Banklees recently, analysts stated that there are three pictures for the future of ETH.

Analysts, who think that ETH can fall to $ 343 in 2030 in the most negative picture, predicted that ETH can reach $ 11,849 in a neutral scenario and $ 51,006 in the most optimistic picture.

#binancepizza #feedfeverchallenge #ETH #keepposting #Bykaranteli

Data disclosed is as follows:

*Expected 180k in non-farm employment data – Previous 253k – Disclosed 339k

*Expected in unemployment data 3.5% – Previous 3.4% – Announced 3.7%

Data announced on the first Friday of every month are followed closely by investors and interested parties in order to understand the state of the economy.

The fact that the non-farm employment data is above the expectations is considered as a signal of the economic recovery in that country and has a positive effect on the currency.

Changes in the labor market are very effective on the monetary policy of the FED. The FED, which thinks that the labor market should cool down in addition to the fall in inflation, closely monitors employment data.

With the effect of the banking crisis, the reversing wind in interest rate increases may accelerate in favor of risky assets with lower inflation and employment data.

#BinanceTournament #binancepizza #feedfeverchallenge #Bykaranteli #KeepPosting

It has been reported that there have been significant increases in the address activity of the XRP network in the last two days, on the issue brought up by the blockchain analysis firm Santiment. So much so that Santiment determined that the network recorded the 2nd and 3rd highest address activity growth in its history for two days. With this increase in activity, which excites the XRP community, it seems that the price of the cryptocurrency has started to rise.

XRP stepped into the 0.5 dollar band, while continuing with a positive divergence among the largest cryptocurrencies with an increase of close to 5% today. This increase in activity, which led to increased positive sentiment in the XRP market, was previously recorded on March 18. Santiment shared on Twitter that after the increase in network activity on March 18, XRP recorded a value increase of close to 50% in the following days.

In the event of the same scenario, it is expected that XRP will once again outperform the market average. Ripple, which has been issuing assets in the latest developments regarding XRP, has recently made a new move to increase its market share in the field of CBDC and tokenization, while revealing its growth target with company and share purchases.

In addition, the expectation that the litigation process between the SEC and Ripple has come to an end has increased. Market commentators, on the other hand, keep their expectations strong for XRP, regardless of the SEC lawsuit. Finally, CryptoLaw founder and staunch XRP advocate John Deaton shared the view that individual investors will not participate in the rally until XRP reaches $2.

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What is Falling Wedge Pattern ?

The Falling Wedge pattern is a commonly observed technical analysis chart pattern. It is similar to the rising wedge pattern but in the opposite direction and scenarios.

The Falling Wedge pattern suggests a potential bullish reversal in a downtrend. It is characterized by contracting price ranges and diminishing trading volumes. Traders interpret this pattern as a sign of diminishing selling pressure, as the price consolidates within the narrowing wedge.

Typically, the price eventually breaks above the upper trendline/ Diagonal Resistance line of the Falling Wedge, indicating a potential upward breakout. This breakout is often accompanied by increased buying interest and can lead to a significant price rally.

While the Falling Wedge pattern can offer valuable insights into potential market reversals, it is crucial to consider other technical indicators and fundamental factors before making trading decisions.

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#googleai

nterest in the Metaverse continues to wane as AI grows in popularity. The prices of virtual lands in some of the best metaverse universes have been experiencing significant declines since their peak prices in 2022. Some have lost more than 90 percent of their value.

CoinGecko recently published research on the metaverse. The report reveals that popular metaverse properties such as Otherdeeds, The Sandbox, Decentraland, Somnium and Voxels lost significant value from January 1, 2022 to May 24, 2023.

#binancepizza #feedfeverchallenge #Bykaranteli

#KeepPosting #Binance

The compromise of Pepe's multi-signature wallet caused a nearly 20 percent drop. The weakening of PEPE's multi-signature protection and contract issues led to a loss in value. This event affected the memecoin market, causing concerns. PEPE's decline in the last 24 hours was 20.66 percent and its value decreased to $ 0.00000078. Possible hack risk and Rug Pull concerns could impact the overall market and memecoins. PEPE attracts attention with its risks after the fluctuation in the Binance listing process.

Altcoin projects are on the rise in the new day after a long-term sideways movement. The well-established altcoin project Cardano (ADA) rose to $ 0.37 in this process. On-chain data showed that whales continued to accumulate ADA.

IntoTheBlock, one of the on-chain data analysis companies, shared a series about Cardano on its social media account. In the tweet series in which the activity on the network was examined along with the data, it was emphasized that the whales had increased their savings recently.

Accordingly, in the last 30 days, there has been an increase of 1,500% in entries to these wallets. This was interpreted as the Cardano whales retained their bullish prospect.

In addition to large whale transactions, the transactions of small investors on the network also reached the highest level in the last 3 months. The broad investor group, which traded in the range of 10-100 dollars, constituted 28% of the total transactions.

Despite all the activity on the network, the majority of ADA investors continued to appear at a loss. According to IntoTheBlock, only 22.2% of all traders hold profitable positions at current values. The wallets of 73.2% continue to be in unrealized loss status.

#binancepizza #keepbuilding #feedfeverchallenge #Bykaranteli #KeepPosting

What is the Internet Computer and ICP?

The Internet Computer blockchain incorporates a radical rethink of blockchain design, powered by innovations in cryptography. It provides the first “World Computer” blockchain that can be used to build almost any online system or service, including demanding web social media, without need for traditional IT such as cloud computing services. As such it can enable full end-to-end decentralization.

A Web3 enabler

Imagine creating a group chat to organize your next vacation with friends, playing a social game, or interacting with photos and videos uploaded by your crush – social networks are now part of everyday life. However, they pose numerous privacy issues for users, share sensitive information with corporations, and often overwhelm users with advertisements. When you sign-up, you are asked to agree to general terms and conditions, but you cannot influence how your data is used, or what features the services provide.

Web3 has the potential to fundamentally update this old formula. A true World Computer can be used to build anything in a totally decentralized way, including demanding services like social networks. Whereas before blockchains could only be used to build web3 services in conjunction with traditional IT, such as cloud computing services, a World Computer blockchain makes it possible to build services that run entirely on blockchain. This makes it possible to assign control of these services to community DAOs (decentralized autonomous organizations). These play the role of digital democracies in cypherspace that mediate the wishes of their online communities regarding economic matters, and how to update and configure the services.

In this new formula, users are becoming both owners of web3 services and also part of the team that runs them – for example by referring other users, to drive viral growth, or helping with important tasks such as content moderation. Because web3 services running on the blockchain under the control of a DAO are fully decentralized, just like a blockchain, they can also tokenize, just like a blockchain. For example, a web3 service might airdrop the DAO’s governance tokens to users that help out, or enable users to send satoshis with a chat message.

Services like this are already being built today on the Internet Computer blockchain, which has provided the World Computer capabilities and functionality necessary. The aim is to transform the entire internet ecosystem.

World Computer Functionality

The purpose of the Internet Computer blockchain is to add World Computer functionality to the public internet. On the Internet Computer, developers can build decentralized online systems and services entirely on the blockchain, without using centralized traditional IT.

Because the Internet Computer is a blockchain, developers build online systems and services using “smart contract” software. Using smart contracts in this application can provide game-changing advantages. For example, because smart contracts are tamperproof, just like the Bitcoin ledger, systems and services do not have to be protected by firewalls to keep the hackers out – solving for the increasing number of hacks afflicting business and society. Another advantage is that web3 services built on the Internet Computer can process tokens, and create new economic rails. For example, web3 can combine social media and DeFi, to produce SocialFi, such as a social network that is fully tokenized.

The Internet Computer provides “canister” smart contract functionality. These can do many new things, including serving interactive web experiences directly to users by processing HTTP requests, creating transactions that directly run on other blockchains using “Chain Key TX”, scaling without limit, and running with efficiency comparable to traditional IT, greatly reducing the harmful CO2 emissions caused by blockchain, and one day, the tech ecosystem generally.

Web3 developers can build DeFi, SocialFi, GameFi and metaverse services. They can process tokens on other blockchains, without bridges, using Chain Key TX. And they can full decentralize systems such as DeFi on Ethereum, by using the Internet Computer to create the interactive web experience, in place of centralized traditional IT, such as cloud computing services.

On the Internet Computer, canister smart contracts uniquely pay for their own computation using a “reverse gas” model. This means web3 users can create sessions with services, which can submit vast numbers of blockchain transactions, such as sending chat messages in a conversation, without requiring additional interaction from the user.

The Internet Computer supports a new blockchain authentication system called Internet Identity. This allows users to use their devices as cryptographic passwords, signing in to online services using the fingerprint sensor on their laptop or Face ID on their phone, as well as traditional devices like a Ledger wallet.

Because web3 services can be built 100% on the blockchain, they can be placed under the full control of community DAOs (decentralized autonomous organizations), which perform all configurations and updates. Users can be made owners of online services, and part of the team that runs them.

The Internet Computer network is controlled by an advanced DAO that is integrated into its protocols, called the Network Nervous System, or NNS. This updates the replica (or “client”) software that runs on the dedicated node machines that host the blockchain on an almost weekly basis, driving the rapid evolution of the network.

Why Does the ICP token have value?

The ICP token has three main utilities. Firstly, ICP provides a source of “cycles” that are burned to power computation (thus when ICP is converted to cycles, it disappears, creating deflationary pressure). Secondly, ICP can be staked in the permissionless Network Nervous System DAO that governs the Internet Computer blockchain, creating voting neurons that generate voting rewards. Thirdly, ICP plays the role of a store of value, for example allowing users to invest in decentralization sales run by web3 services.

How Does the Internet Computer Work?

The internet, which now connects nearly everybody and everything, runs on a network of special devices called routers. Some, like WiFi routers, are installed in homes, while others, which connect countries, are very specialized and expensive. The Internet Computer blockchain runs on a network of special computing devices called “node machines,” which are built to a variety of standards.

Today, most Proof-of-Stake blockchains are hosted by “validator” nodes that are software instances often spun up on cloud computing services. The Internet Computer cannot be hosted in this way. It runs entirely on a sovereign network of dedicated node machines, which are installed in independent data centers by independent “node providers.”

These node machines connect to each other using Internet Computer Protocol, or ICP, which is where the token gets its name from. The best moniker to describe the blockchain network model used by the Internet Computer is “Proof-of-Useful-Work”. The network has a governance system called the NNS, which can slash (‘eject”) node machines that fail to produce enough blocks and keep up with the network, which is why they need to be built to a standard specification.

Internally, the Internet Computer network is composed of “subnet blockchains.” Each new subnet adds additional capacity to the network, which means it can host more smart contracts, computation and data. However, these subnets are invisible to the hosted smart contracts and users. This is because they are combined into a single logical blockchain using “chain key crypto.”

Chain key crypto is unique to the Internet Computer. It enables subnet blockchains, and the overall Internet Computer blockchain produced, to have public “chain keys”. The blockchains cryptographically sign all their interactions, which can be validated using their chain keys. Valid signatures show that interactions have not been tampered with, and also that the blockchains are running correctly – without any need to download and check their blocks of transactions.

Thanks to chain key crypto, the Internet Computer can combine its subnet blockchains into a single blockchain and scale limitlessly. However, chain key crypto also makes other things possible! For example, smart contracts on the Internet Computer can process HTTP requests and serve interactive web experiences directly to end-users. This is more secure than normal web serving because the smart contracts can sign the content they serve, which can be validated before it is shown to users, keeping them safe.

Recently, chain key crypto has been used to make “Chain Key TX” functionality available to smart contract developers. This enables them to create signed transactions that run on other blockchains. For example, an Internet Computer developer can create bitcoin addresses, and send and receive bitcoin, directly on the Bitcoin ledger, without using insecure “bridge” services. Using this functionality, native Bitcoin DeFi can be created.

The Internet Computer also provides many other features that are unique within blockchain. These include HTTP outcalls, which enable smart contracts to securely query other systems over the web, through its network consensus system, for example making it possible for smart contract software to securely obtain data such as crypto asset price feeds without using a trusted oracle service.

The Internet Computer network is controlled and managed by a master subnet, which runs an advanced permissionless DAO called the Network Nervous System (NNS). This instructs the node machines how to structure the network. Nodes can verify that the instructions they have received from the NNS are genuine just by checking the chain key signature, since its chain key never changes.

The NNS instructs nodes to join and leave subnets, and to form new subnets. The cryptography and protocols work in a clever way, such that even though nodes come and go from subnet blockchains, their chain keys always stay the same.

On the Internet Computer, developers build using “canister” smart contracts. They are referred to as canisters, because they are bundles of WebAssembly bytecode, and persistent memory pages. The bytecode implements the logic of the smart contract, and it runs exclusively in its own memory, interacting with other smart contracts using message passing (using a software “actor” model). This makes it possible to run smart contracts in parallel, which is another way the Internet Computer scales.

Canister smart contracts are very powerful, and can be used to build anything. For example, multi-block transactions (computations) are possible, along with daemon smart contracts, which are automatically invoked periodically by the blockchain.

The main languages used for developing Internet Computer smart contracts are Rust and Motoko. Motoko is a language created by DFINITY specifically for the Internet Computer, which was developed by a team led by Andreas Rossberg, who was the co-inventor of the WebAssembly standard.

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STEPN has announced that it is the first blockchain gaming app to integrate Apple Pay. After the announcement, the local token of the M2E game GMT started to rise.

Move to Earn (M2E) game STEPN has made a remarkable announcement. The pioneering move-win project has integrated a payment channel outside of the cryptocurrency wallet. According to the announcement made by the developers, Apple Pay is now available for purchasing shoes. Thus, the Web3 game became the first blockchain game application to integrate Apple Pay.

While STEPN developers reported that they received support from Apple, they shared the future of different innovations for IOS users. Now, STEPN will offer the "Badges and Achievements" system like other games on the App Store. The success of STEPN, which provides the purchase of USDC via Apple Pay, was also appreciated on the investor side. The price of the GMT coin recorded gains of up to 7%, climbing as high as $0.29.

#Bykaranteli #GMT #PizzaDay #feedfeverchallenge #keepbuilding

What Are Some Prominent Projects In The Internet Computer Ecosystem?

DeFi

Next-generation decentralized exchanges such as Sonic, InfinitySwap, and ICPSwap, running entirely on-chain, are leveraging the Internet Computer’s reverse-gas model and 1 second transaction finality to give users zero gas fees and lightning fast speed for swaps, transactions, and more.

NFTs

The lead artist behind the Bored Ape Yacht Club collection, debuted a new collection of NFTs on the Internet Computer at Art Basel, “The new series is hosted on the Internet Computer… allowing for bigger file sizes. It's an example of how artists are starting to experiment with NFT platforms beyond Ethereum.”

ORIGYN, a NFT marketplace building on the Internet Computer, saw its valuation soar to $300 million following a round of investment from Paris Hilton and Wall Street veteran Bill Ackman.

Games

Cubetopia merges Minecraft and World of Warcraft. Create your own island and share it with the world via a unique URL.

MetaSports Basketball is an open basketball metaverse, where users utilize their favorite Ethereum and Internet Computer-based NFTs to compete to become basketball superstars on teams they own and manage.

Social

OpenChat boasts 100,000 users, with close to 1 million messages sent over its decentralized messaging service.

Distrikt, a decentralized Facebook, surpassed 70,000 user accounts and 100,000 posts — with less than $100 spent on gas.

Dmail is the Web3 replacement for e-mail, and enables users to send and receive blockchain-backed, encrypted messages.

DSocial is a decentralized version of YouTube, enabling content creators to be fairly rewarded via tokens for their work, and engagement.

DSCVR, a Web3 take on Reddit, secured $9 million seed funding in a round led by Polychain Capital in July 2022. DSCVR already boasts over 100,000 users and over a million posts and comments.

Metaverse

PokedStudios launched the Bots NFT collection in an early foray into the metaverse on the Internet Computer, with the rarest Bot netting a sale of 3,000 ICP (~$172,140).

IC Gallery is an interoperable 3D metaverse blending GameFi and DeFi, where users can play, mint, and trade all their existing NFTs through various immersive 3D experiences.

Shiku Metaverse, planned to launch in 2023, will consist of 100 unique planets and will be fully integrated with Yumi NFT Marketplace.

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What Is NEAR Protocol (NEAR)?

NEAR Protocol is a layer-one blockchain that was designed as a community-run cloud computing platform and that eliminates some of the limitations that have been bogging competing blockchains, such as low transaction speeds, low throughput and poor interoperability. This provides the ideal environment for DApps and creates a developer and user-friendly platform. For instance, NEAR uses human-readable account names, unlike the cryptographic wallet addresses common to Ethereum. NEAR also introduces unique solutions to scaling problems and has its own consensus mechanism called “Doomslug.”

NEAR Protocol is being built by the NEAR Collective, its community that is updating the initial code and releasing updates to the ecosystem. Its declared goal is to build a platform that is “secure enough to manage high value assets like money or identity and performant enough to make them useful for everyday people.”

Flux, a protocol that allows developers to create markets based on assets, commodities, real-world events, and Mintbase, an NFT minting platform are examples of projects being built on NEAR Protocol.

Who Are the Founders of NEAR Protocol (NEAR)?

NEAR Protocol was founded by Erik Trautman, an entrepreneur with experience on Wall Street and founder of Viking Education. His co-founders were Illia Polosukhin, who has more than ten years of industry experience, including three years at Google, and Alexander Skidanov, a computer scientist that worked at Microsoft and went on to join memSQL, where he became the director of engineering. NEAR Protocol has an extensive team of experienced developers that includes several International Collegiate Programming Contest (ICPC) gold medalists and winners. The team claims to have people with experience of building some of the only real-world sharded systems at scale, a solution the protocol is pursuing to improve blockchain scalability.

What Makes NEAR Protocol (NEAR) Unique?

NEAR uses its Nightshade technology to improve transaction throughput massively. Nightshade is a variation of sharding, in which individual sets of validators process transactions in parallel across multiple sharded chains, improving the overall capacity of the blockchain. In contrast to “regular” sharding, shards in Nightshade produce a fraction of the next block, called “chunks.” In doing so, NEAR Protocol is able to achieve up to 100,000 transactions per second and achieve near-instant transaction finality thanks to a one-second block cadence while simultaneously keeping transaction fees at virtually zero.

NEAR Protocol also improves upon the convoluted onboarding process of other blockchains by having human-readable addresses and building decentralized applications with similar registration flow to what users have already experienced. Moreover, it provides developers with modular components, helping them start projects like token contracts or NFTs more quickly.

Near Protocol Ecosystem Fund

On Oct. 25, 2021, NEAR announced a $800 million in ecosystem funding initiatives, following in the footsteps of various Layer-1s blockchains like Avalanche, Fantom and Celo. The fund will be used to bankroll initiatives that will focus on accelerating growth in the NEAR protocol ecosystem. The fund includes $350 million in funding from Proximity Labs. Out of the total fund, $250 million will be used to help existing projects scale, and $100 million will be allocated to the Startup Grant Pools, where 20 startups will be given $5M each. NEAR will focus on funding Decentralized Finance (DeFi) focused teams that are “actively revolutionizing and reimagining the way we interact with money.” NEAR is also actively looking for projects building on NFTs, DAOs and gaming. On a separate note, NEAR recently raised $150 million in seed investment led by Three Arrows Capital, with additional participation from Mechanism Capital, Dragonfly Capital, a16z, Jump, Alameda, Zee Prime and more. This will be used to accelerate the adoption of Web3 technologies.

NEAR Protocol for Developers

NEAR protocol's vision of making blockchain technology accessible to all keeps driving the development efforts of NEAR Collective and the community.

In August 2022, The NEAR team announced the release of a JavaScript software development kit (JS SDK). The NEAR JS SDK is expected to open the door for more than 20 million programmers who use the JavaScript programming language in Web2 to enter the blockchain and Web3 space.

According to the NEAR team, this alone is ten times more than the global population of around 2.5 million programmers that use the most popular blockchain programming languages, Rust and Solidity. The NEAR JS SDK will leverage JavaScript's ease of use and simplicity in developing smart contracts.

“Developers can spend less time learning a new language and more time building their application in a language they already know. Millions of developers already know how to program in JavaScript; enabling this group to build novel applications on NEAR is a critical step in achieving our vision of a billion users interacting with NEAR.” Illia Polosukhin, a co-founder of NEAR, said in a statement.

The SDK, which is developed by Pagoda, the engineering team that builds and maintains NEAR Protocol and some of the most important tools needed for decentralized application (dApp) development, is implemented in TypeScript and comes out of the box with everything a developer needs to "dive right into blockchain development."

NEAR Protocol Ecosystem Expansion

With a focus on ease of use in deploying projects and user experience, the NEAR protocol has been growing rapidly. The network has recently seen the public beta launch of its non-custodial mobile wallet app, Sender.

The android APK of the wallet, which is already connected to over 20 leading projects in the NEAR ecosystem and has over 300k downloads of its web extension, can now be downloaded from Sender Labs' website. Sender Labs received seed funding from Binance Labs and Metaweb Ventures last year and closed a private funding round this year.

Since the mainnet launch of the network in 2020, NEAR protocol has seen the launch of nine dApps with a TVL of around $285 million, at the time of writing.

NEAR Protocol’s Security

Rainbow, a NEAR-Ethereum bridge, has successfully thwarted two attacks with the second hack attempt resulting in the hacker losing 2.5 ETH.

In September 2022, NEAR protocol also announced that it had successfully mitigated two vulnerabilities on Aurora, its Ethereum sidechain, through its bug bounty program.

The dynamically sharded Proof-of-Stake carbon-neutral blockchain team, built for usability and scalability, remains confident that by combining the power of both PoS and sharding, it can become one of the most scalable, secure and sustainable blockchain networks in the crypto space.

How Many NEAR Protocol (NEAR) Coins Are There in Circulation?

The total supply of NEAR is 1 billion tokens, according to the following token distribution:

17.2% - Community Grants

11.4% - Operation Grants

10% - Foundation Endowment

11.7% - Early Ecosystem

14% - Core Contributors

17.6% - Backers

6.1% - Small Backers

12% - Community Sale

NEAR Protocol launched its mainnet on April 22, 2020 with 1 billion NEAR tokens created at genesis. 5% of additional supply is issued each year to support the network as epoch rewards, of which 90% goes to validators (4.5% total) and 10% to the protocol treasury (0.5% total). 30% of transaction fees are paid out as rebates to contracts that interact with a transaction, while the remaining 70% are burned. The NEAR token is used for:

Fees for processing transactions and storing data.

Running validator nodes on the network via staking NEAR tokens.

Used for governance votes to determine how network resources are allocated.

How Is the NEAR Protocol Network Secured?

NEAR uses a variation of the proof-of-stake consensus mechanism called Doomslug. Doomslug is based on two rounds of consensus, where a block is considered finalized as soon as it has received the first communication round. This allows for near-instant finality by having validators take turns producing blocks rather than competing directly based on their stake.

The NEAR Foundation is a Swiss-based non-profit dedicated to protocol maintenance, ecosystem funding, and guiding the protocol's governance. The protocol has also built a bridge to Ethereum, allowing users to transfer ERC-20 tokens from the Ethereum blockchain to NEAR.

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What Is EOS?

The EOS Network is an open-source blockchain platform that prioritizes high performance, flexibility, security, and developer experience. As a third-generation blockchain platform powered by the EOS virtual machine, EOS has an extensible WebAssembly engine for deterministic execution of near fee-less transactions.

EOS is the market's most scalable, divisible, and programmable digital currency. EOS is a Delegated Proof of Stake (DPoS) network where stakeholders have the authority to select node operators. Due to the decentralized nature of the token distribution on EOS, power doesn't reside in the hands of block miners, but rather all parties involved in the EOS Network.

The EOS Network is attractive because of its technology and community. It allows developers to build projects that other blockchains cannot support. The network is straightforward and has multiple tools and educational resources to help users acclimate to the blockchain.

Who Are the Founders of EOS?

The EOSIO software, which the EOS Network was built upon, was developed by the company Block.one and architected by Daniel Larimer.

In June 2018, the EOS blockchain was launched by a decentralized group of block producers (BPs) who bootstrapped the network based on a token distribution snapshot from Block.one's ICO.

On August 25, 2021 consensus was reached by EOS block producers to fund the EOS Network Foundation (ENF), which was launched by Yves La Rose.

The EOS Network Foundation is a not-for-profit organization that coordinates financial and non-financial support to encourage the growth and development of the EOS Network. The ENF is the hub of the EOS Network, harnessing the power of decentralization as a force for positive global change to chart a coordinated future for EOS.

What Makes EOS Unique?

The EOS Network is a 3rd generation Layer 1 blockchain that is low-latency and highly performant blockchain that liberates developers to align their build with what they imagine—bringing together programmable architectures, versatile blockchain infrastructures, and custom smart contracts. What makes EOS unique is its technological stack and resilient community.

The EOS Network has many communities with vibrant ideas and leadership. Token holders primarily work with developers and other ecosystem leaders to promote growth. The EOS community values transparency, openness, honesty, accountability, liberty, respect, and different core values of a blockchain. EOS is the first blockchain with a community-led foundation and user support. On EOS, token holders elected a foundation to spearhead network growth. During this same period, a group of community members started the EOS live support for users on the network.

How Many EOS Coins Are There in Circulation?

EOS Network has 995,528,087 EOS in circulation at the time of writing.

When the network launched, its software developer (Block.one) was allocated 100m EOS tokens locked in a 10 year vesting schedule. In December 2021, the EOS Network reached consensus to stop vesting those tokens when it essentially fired Block.one for failing to continue software development or support for the EOS ecosystem. The 68 million unvested tokens remain in the eosio.stake account and are locked out of circulation.

The Network continues operating using a 3% annualized inflation with 1% being directed to block producers and 2% funds the treasury for the EOS Network Foundation.

How Is the EOS Network Secured?

EOS is built on delegated-proof-of-stake (DPOS), a form of proof-of-stake that gives token holders governance power relative to their stake in the system. The EOS token is a pro-rata claim on access to the EOS network’s resources, as well as a pro-rata claim on its governance rights. The EOS Network is a decentralized operating system governed by a DAO.

In DPOS, EOS token holders delegate their stake to elect representatives responsible for validating transactions. One of the advantages is that this helps eliminate consolidation, where smaller miners are pushed out by those with greater computing power and resources.

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The Kingdom of Bhutan has plans to build a 600-megawatt crypto mining farm in collaboration with Bitdeer Technologies Group. This step aims to provide Bhutanese citizens with opportunities to participate in the modern global economy. Bhutan seems to be a suitable place for Bitcoin mining as it has environmentally friendly and economical energy resources. The first 100 megawatt mining operations are expected to start in September, and this capacity is targeted to increase to 600 megawatts in the next three years. Bhutanese authorities stated that energy needs will be prioritized and mining operations will be closed during the winter months when power production is low.#Bykaranteli #Binance #btc #Ethereum

Ethereum experienced a decrease in daily transaction fees, reaching its lowest level in eight months. According to data from blockchain analytics firm CryptoQuant, Ethereum users' transaction fees dropped to 1.719 ETH on Sunday, representing approximately $2.8 million in value and marking the lowest level since December 26. This decline in fees is associated with low network activity and the increasing popularity of layer-2 scaling solutions. Particularly, solutions like Friend.tech are driving interest in L2 solutions. Ethereum's L2 solutions include Optimism, Arbitrum, and Base, aiming to reduce network congestion and lower transaction costs. Data from IntoTheBlock indicates that transaction volume on the Optimism mainnet reached a record high. As competition among L2 solutions intensifies, Ethereum's position continues to strengthen.

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What Is Monero (XMR)?

Monero was launched in 2014, and its goal is simple: to allow transactions to take place privately and with anonymity. Even though it’s commonly thought that BTC can conceal a person’s identity, it’s often easy to trace payments back to their original source because blockchains are transparent. On the other hand, XMR is designed to obscure senders and recipients alike through the use of advanced cryptography.

The team behind Monero say privacy and security are their biggest priorities, with ease of use and efficiency coming second. It aims to provide protection to all users — irrespective of how technologically competent they are.

Overall, XMR aims to allow payments to be made quickly and inexpensively without fear of censorship.

Who Are the Founders of Monero?

Seven developers were initially involved in creating Monero — five of whom decided to remain anonymous. There have been rumors that XMR was also invented by Satoshi Nakamoto, the inventor of Bitcoin.

XMR’s origins can be traced back to Bytecoin, a privacy-focused and decentralized cryptocurrency that was launched in 2012. Two years later, a member of the Bitcointalk forum — only known as thankfulfortoday — forked BCN’s codebase, and Monero was born. They had suggested “controversial changes” to Bytecoin that others in the community disagreed with and decided to take matters into their own hands.

It’s believed that hundreds of developers have contributed to XMR over the years.

What Makes Monero Private?

Users shouldn't view all privacy cryptocurrencies as interchangeable or equivalent services because they don't all achieve privacy in the same way. For instance, XMR should be considered a technology that, when used properly, obscures user data on the blockchain, making it harder to identify its users.

What Gives Monero Value?

The secrecy and anonymity offered by Monero are what most users find valuable. It gives people the freedom to conduct cryptocurrency transactions anytime they want for any purpose without being concerned about being watched by the government, hackers or other outside parties. XMR coins cannot be traced, thus they cannot be blacklisted by businesses for alleged illicit connections.

Investors who think that demand for privacy will rise in the future, raising the price and total market cap of XMR, may find value in Monero in addition to its use as a medium of exchange.

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What Is Wrapped Bitcoin [WBTC]?

Wrapped Bitcoin is a tokenized version of Bitcoin (BTC) that runs on the Ethereum (ETH) blockchain.

WBTC is compliant with ERC-20 — the basic compatibility standard of the Ethereum blockchain — allowing it to be fully integrated into the latter’s ecosystem of decentralized exchanges, crypto lending services, prediction markets and other ERC-20-enabled decentralized finance (DeFi) applications.

WBTC is also backed by Bitcoin at a 1:1 ratio via a network of automatically monitored merchants and custodians, ensuring that its price is pegged to Bitcoin at all times and allows users to transfer liquidity between the BTC and the ETH networks in a decentralized and autonomous manner.

Wrapped Bitcoin was first announced on October 26, 2018, and officially launched on January 31, 2019.

How Are Wrapped Bitcoin Created?

The creation of Wrapped Bitcoin brings the world's leading cryptocurrency Bitcoin into the world of Ethereum's DeFi ecosystem. The WBTC token adheres to the ERC-20 token standard, with tokens created for those who want to convert BTC into WBTC.

All to-be-converted BTC is held by a custodian, who takes part in the actual minting and burning of Ethereum-based tokens. When WBTCs are burned, the user can reclaim their BTC balance from the custodian. During mining, users send BTC to the custodian for storage and receive an equivalent in WBTC tokens. BitGo is the biggest custodian for Wrapped Bitcoin, and they will mine a certain number of WBTC and send them to the merchant's Ethereum address.

The user who wants to swap between wBTC and BTC performs a trade — through a centralized exchange or atomic swap on a decentralized exchange — to move funds to the merchant. Once finalized, the user can use their BTC/wBTC as they see fit. If WBTC is converted to BTC, the associated Wrapped Bitcoin balance will be destroyed through a burn transaction.

The WBTC DAO consists of governing members who decide on significant upgrades and changes to the protocol. Additionally, these members can serve as merchants or custodians managing BTC assets.

What Can You Do With WBTC?

As Wrapped Bitcoin tokens adhere to the ERC-20 token standard, one can use them across the broader Ethereum ecosystem. That includes trading them on decentralized exchanges — like Uniswap, 1Inch, Sushiswap — and exploring decentralized finance opportunities through protocols and platforms supporting WBTC.

DeFi opportunities for WBTC range from lending and borrowing to yield farming, token swapping and liquidity pools. Various protocols and platforms support Wrapped Bitcoin, including Aave, Balancer, Compound, MakerDAO. Some of these providers may issue platform-native governance tokens as an extra incentive.

Using WBTC as colateral for a crypto-backed loan can be a significant option for businesses. Additionally WBTC holders can earn interest from supplying liquidity, although the APY will be relatively low.

Another option for WBTC is to engage in margin trading, where Wrapped Bitcoin is used to margin trade Ethereum, stablecoins and other ERC-20 tokens. Users deploy WBTC to enhance fund security while trading. That process is fully non-custodial and powered by smart contract technology.

Who Are the Founders of Wrapped Bitcoin?

The Wrapped Tokens project, of which WBTC is a part, wasn’t founded by individuals but is rather a joint project of three organizations: BitGo, Kyber Network and Ren.

BitGo, co-founded in 2013 by American computer scientist and entrepreneur Mike Belshe, is an institutional digital asset custody, trading and financial services firm. In addition to being one of the developers of WBTC, BitGo also serves as its original custodian — the entity that holds WBTC tokens and the keys needed to mint more of them.

Kyber Network is an on-blockchain liquidity protocol that enables the integration of different cryptocurrency tokens and DeFi applications. It was founded in 2017 by Loi Luu, Victor Tran and Yaron Velner and is based in Singapore. Along with Ren, Kyber Network has helped create WBTC and still serves as a merchant on its network — the institution that mints and burns WBTC tokens to maintain the 1:1 ratio of tokens to BTC reserves.

Similarly to Kyber, Ren is a company focused on cross-blockchain integration of cryptocurrency assets and DeFi applications via solutions such as RenBridge, RenVM and others. It was founded in 2017 by Taiyang Zhang and Loong Wang.

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