ACP-77: PAYG Subnet Validation's Impact on Investors, Community Influence in Avalanche
With the launch of the ACP-77 proposal, Avalanche Network ($AVAX ) has made significant strides in the blockchain space. Known as PAYG (Pay-As-You-Go) Subnet Validation, the proposal aims to change how developers and projects participate in the #Avalanche ecosystem by providing a simple and cost-effective solution for deploying and maintaining dedicated blockchains, or subnets . What is ACP-77? ACP-77 introduces a new validation, the "Subnet Validator," designed to lower the barrier to entry for projects seeking to deploy dedicated blockchains on the Avalanche platform. With this proposal, subnet validation hardware requirements and upfront expenses are greatly reduced, facilitating smaller projects' and developers' participation in the Avalanche ecosystem. Under the PAYG model, subnet validators do not require a large upfront payment to register with P-Chain, Avalanche's primary chain responsible for staking and validation. As an alternative, they can pay a constant price that is dynamically altered in response to network usage. This approach not only reduces initial costs but also aligns operating costs with actual usage, providing a scalable and sustainable model for projects of all sizes Key Benefits of ACP-77 Reduced Barriers to Entry: By eliminating the need for substantial down payments, ACP-77 opens the door for more developers and smaller projects to build on the Avalanche network. This democratization of access can lead to increased innovation and diversity within the ecosystem.Lower Operating Costs: The PAYG system helps projects manage costs more effectively, as they only pay for the resources they consume. This is especially beneficial for early-stage projects, where cash flow constraints can be a major hurdle Enhanced Customizability and Flexibility: With the ability to customize their validation process, projects can tailor their blockchain environments to meet specific needs, enhancing user experience and optimizing efficiency.Increased Security and Reliability: The introduction of Subnet Validators ensures that even smaller subnets can benefit from the robust security and reliability standards of the Avalanche network. This is achieved without the need for extensive hardware investments, making it an attractive option for many developers.Sustainability and Ecosystem Growth: By making it easier and more cost-effective to launch and maintain subnets, ACP-77 fosters the growth of a more sustainable and scalable ecosystem. This can lead to a more vibrant and diverse community, contributing to the overall health and resilience of the Avalanche network. AvalancheHub's Role and Impact In the Avalanche ecosystem, #AvalancheHub , the first Social Mining hub of @DAO Labs , is essential in integrating community engagement with blockchain development. AvalancheHub, the hub with the biggest and busiest community, is a prime example of how #SocialMining can help people in the cryptocurrency space earn a steady income while building strong, ethical communities who are passionate about projects. Community-Driven Governance: AvalancheHub actively includes its community in the governance mechanism, discussing development proposals like ACP-77 with its members. This approach ensures that the community's voice is heard and considered in the decision-making process, fostering a more inclusive and transparent environment.Support for Ecosystem Growth: AvalancheHub embraces and supports any breakthroughs that help grow the ecosystem. The ACP-77 proposal is a prime example, as its critical vision for sustainability is poised to make the Avalanche network one of the largest ecosystems in the blockchain space. Real-World Application: The DEXALOT Subnet Scenario To understand the practical implications of ACP-77, consider the case of DEXALOT, a decentralized exchange built on an Avalanche subnet. Under the PAYG model, DEXALOT is able to significantly reduce its on-chain and off-chain costs, making it more competitive with other blockchain solutions like #Ethereum ($ETH ) and its rollups, as well as #Cosmos appchains. This cost-effectiveness, combined with Avalanche's native interoperability and high performance, positions it as a leading platform for decentralized applications. Conclusion The ACP-77 proposal marks a major breakthrough for the Avalanche network ($AVAX ), offering a more inclusive, cost-effective, and scalable solution for blockchain development. By lowering the barriers to entry and aligning costs with usage, Avalanche is poised to attract a broader range of developers and projects, further cementing its place as a leading blockchain platform. The AvalancheHub's participation in governance and its commitment to supporting ecosystem development through initiatives like ACP-77 highlights the strength and vibrancy of the community. This combination of innovative technology and active community engagement positions Avalanche as a key player in the blockchain space. For those interested in exploring the potential of ACP-77 and the Avalanche network, now is the perfect time to get involved. Whether you're a developer, investor, or simply curious about the future of blockchain, Avalanche's innovative solutions offer exciting opportunities for growth and innovation.
For specific details: https://app.blockworksresearch.com/research/avalanche-an-economic-analysis-of-acp-77/
MeromAI: Human-Powered AI on the WAX Blockchain - A Social Mining Perspective
Introduction Artificial Intelligence (AI) continues to revolutionize industries, making advanced technologies on hand to a broader target market. This article delves into #MeromAI an AI initiative deployed on the #WAXBlockchain , and explores its importance through the lens of #SocialMining . By examining its community-orientated perspective and integration with the WAX ecosystem, we are able to spotlight its contributions and alignment with Social Mining standards. Understanding MeromAI MeromAI is designed to make AI era more handy and useful to the network. Traditionally, AI advancements had been confined to agencies with vast monetary resources, just like how $BTC , $ETH , and $BNB have dominated the cryptocurrency area. MeromAI breaks this mold by means of fostering a network-centric approach, where contributions from people and small traders play a pivotal role. This democratization of AI is crucial for ensuring that technological blessings are extensive and not restricted to a pick few, similar to the decentralization ethos of the wider crypto network. Human-Powered AI During Epoch I, which began in June 2023, the MeromAI group designed and built a vertically integrated, decentralized, human-powered open-source AI platform. The group pioneered Human-Powered AI via crowdsourcing the curation of open-source AI datasets throughout a extensive range of subjects. With hundreds of participants, this marked the primary important step in MeromAI’s challenge to shift AI networks from huge companies to the worldwide community. The Role of the WAX Blockchain The Worldwide Asset eXchange (WAX) Blockchain is famend for its efficiency and functionality in handling digital assets and #NFT s. It offers a decentralized marketplace, permitting seamless change and alternate of virtual items. By deploying MeromAI on the WAX Blockchain, the initiative leverages these strong skills, ensuring that its AI technology is each advanced and broadly handy. Social Mining: Empowering the Community Social Mining is a mechanism that encourages community participation in the early stages of a project, making sure its sustainability and achievement. It protects the pursuits of small investors and promotes the collective well-being of the community. Through Social Mining, project like MeromAI can tap into the capability of a decentralized workforce, taking into account broader participation and investment. This approach aligns flawlessly with the community-oriented desires of MeromAI. Contributions of MeromAI to the WAX Ecosystem Deploying MeromAI on the WAX Blockchain brings several first rate advantages to the WAX environment: Enhanced Utility: Integrating advanced AI generation will increase the application of the WAX Blockchain, attracting greater customers and builders.Increased Adoption: The community-driven nature of MeromAI aligns with WAX's undertaking of democratizing get right of entry to to virtual belongings, encouraging wider adoption of the platform.Broader Participation: By making AI era on hand to smaller traders, MeromAI fosters more participation within the WAX atmosphere, enhancing its vibrancy and sustainability. Connecting MeromAI and DAOLabs' Social Mining MeromAI's community-orientated approach resonates strongly with @DAO Labs ' Social Mining philosophy. Both intention to involve the community in the growth and development of the project, making sure equitable distribution of benefits. Leveraging Social Mining, MeromAI can achieve sustainable growth with active community contributions. This synergy underscores the huge position of Social Mining inside the sustainability and success of projects. Conclusion MeromAI represents a widespread advancement in making AI generation available to the broader community. Its deployment on the WAX Blockchain enhances the blockchain's capabilities and aligns perfectly with the standards of Social Mining. By promoting these initiative effectively, we are able to make certain that technological advancements advantage a broader target market, fostering a more inclusive and equitable digital future.
Learn more on MeromAI: MeromAI: Human-Powered AI on WAX https://medium.com/wax-io/meromai-human-powered-ai-on-wax-099e3ec346e3
Bitcoin's Potential Role as a US Reserve Asset and Beyond
The reason $BTC , $ETH and $BNB are currently one of the safest tertiary market currencies, is because they all have build their reputation from the crypto industry which means they can born any type of market situation. Their resilience to market volatility is a sign of the potential longevity for Web3 tech and cryptocurrencies. Senator CYNTHIA LUMMIS AGAIN INDICATES SHE WOULD LIKE U.S. TO TREAT BITCOIN AS A STRATEGIC RESERVE ASSET.CLAIMS IT WOULD “ADD STABILITY AND LEGITIMACY TO THE WORLD ECONOMY.” This would bring about a lot of legitimacy to Bitcoin hence making it a larger stakeholder in global financial evolution.And put out that politician are more or more open to bitcoin especially blockchain inclusion into existing credible financial structures. Web3 Powered by Cryptocurrency: The Best Bets for the Future Although Social Mining still remains as a reliable way of making money in crypto space, there are more interesting options available in the broader market. Differently from conventional markets where fluctuations can hugely destroy profit levels, the decentralized structure of Web3 technologies leads to new sources of stable income. The Potential for Bitcoin To Provide Financial Stability A US Senator’s endorsement for #Bitcoin demonstrates its potential as a hedge against inflation and unstable economies. In pursuit of strengthening national financial systems, Bitcoin is probably crucial in achieving economic stability. This not only lends credibility to bitcoin but also sets a precedent for other cryptocurrencies acceptance. Roles Played by the Community and Social Mining One method of benefiting from cryptocurrencies without being subjected to market volatility is through #SocialMining . Instances abound where mines have been able to amass more cryptocurrency during times of a bearish market thereby reflecting the strength of this revenue model. For instance, @DAO Labs is among the platforms that demonstrate how decentralized communities can drive innovation and build sustainable income streams. View on Cryptocurrency’s Future From what I have observed, the crypto market is not only a speculative place but also a very lucrative and growing industry. Such potential is exemplified by renowned personalities like Senator Lummis who recently endorsed #bitcoin☀️ as a reserve asset. Moreover, the resilience of Social Mining and advances in Web3 technologies present exciting prospects for those with an interest in the cryptocurrency market. Conclusion: Adopting a Decentralized Future Due to its bright future, cryptocurrencies & Web 3 technology Is poised to become popular. The financial revolution that will be taking place shortly will emanate from sustained innovations within decentralized communities with strong support from governments. Take advantage, learn up, act and propel towards flourishing decentralized futures!
Disclaimer: Due to its erratic nature, cryptocurrency values are susceptible to changes in the market. Research on your own and make investments at your own risk. For news reference: Senator Cynthia Lummis Reiterates Support For Bitcoin As US Reserve Asset https://bitcoinist.com/senator-lummis-support-for-bitcoin-as-us-reserve/
Analyzing $EGLD by MultiversX: A High-Throughput Blockchain for the Future
Choosing a responsible and potentially rewarding investment in the crypto space can be challenging. With a focus on financial safety and technological promise, #MultiversX (formerly Elrond) and its native token eGold ($EGLD ) stand out. This high-throughput blockchain aims to support the burgeoning metaverse with unparalleled transaction speeds and innovative features. Inspiration for Picking MultiversX ($EGLD ) MultiversX distinguishes itself with its technological advancements and robust ecosystem. In its early years, #DaoLabs played a crucial role in its development. With an aim to deliver 1000x throughput compared to existing blockchains, MultiversX positions itself as a key player in managing massive user adoption, essential for the metaverse and beyond. Elrond (now MultiversX) grew significantly through the input of #SocialMining , gaining substantial support from its community. Origins and Product Technology MultiversX was founded to address the scalability issues plaguing many blockchains. The network's innovative technologies include: Adaptive State Sharding: This allows real-time adjustment of the network capacity, providing a flexible and efficient blockchain infrastructure.Secure Proof of Stake (SPoS): A consensus mechanism that enhances security and efficiency by rotating validators and maintaining decentralization.Elrond VM (EVM): A dedicated smart contract execution engine that supports multiple programming languages, increasing accessibility for developers. These features collectively enable MultiversX to offer high throughput, low latency, and minimal fees, making it a versatile platform for various applications. Background: Story and Team MultiversX was founded by Beniamin Mincu, Lucian Mincu, and Lucian Todea. The team brings together experts in blockchain, security, and business. Their vision is to create a high-speed, secure blockchain that can handle real-world applications and user demand. The transition from Elrond to MultiversX reflects their broader ambition to support the metaverse and advanced digital ecosystems. Purpose of the Coin's Use $EGLD serves multiple critical functions within the MultiversX ecosystem: Staking: Users can stake $EGLD to support network security and earn rewards.Governance: Token holders can participate in the governance process, influencing the future direction of the network.Transactions: $EGLD is used to pay for transactions and smart contract executions.Validator Rewards: Validators receive $EGLD for maintaining the network. Relevance Market Cap and Valuation: Market Cap: $781,658,617Fully Diluted Valuation (FDV): $781,806,977 Circulating Supply: 27 Million EGLD tokens Price Performance: All-Time High: $545.64 (November 23, 2021)All-Time Low: $6.51 (October 7, 2020)Recent Price: Significantly higher than the all-time low, indicating substantial growth Recent Listings: Recently listed on Bit2Me, the largest exchange in Latin America Recent Updates: Sharding technology update to enhance scalability and performance$110K trading competition on BinanceTR, highlighting community support initiatives Conclusion MultiversX and its native token $EGLD present a compelling investment opportunity. With advanced technology, a dedicated team, and strong market fit, MultiversX is well-equipped to support the future of digital ecosystems and the metaverse. As always, potential investors should conduct their due diligence and consider the risks involved.
From Concept to Finalist: My Journey in the Super #SmashMiner Melee
As a participant in the Super Smash Miner Melee, I am honored to share my journey to the top of this competition. Here is a log of my contributions, detailing each task, its execution, and the impact that secured my position among the Top-4 Social Miners.
Task 1: Telegram Sticker Set Creation, Create a Telegram sticker set for #TheDAOLabs or other blockchain #SocialMining communities.
I designed a vibrant Telegram sticker set for the @DAOLabs community, incorporating relevant themes and humor. I used official graphics and adhered to the community’s color palette. The sticker set was well-received, fostering greater interaction within the community.
Sticker Set Link: t.me/addstickers/JclvllsPanda
Task 2: Article Writing. Write an article about "Social Mining can make a difference!" and publish it on Medium.
I authored "Unlocking the Power of #SocialMining," exploring its transformative potential. The article outlined the concept, operational mechanics, and benefits. The article garnered significant attention, highlighting my ability to communicate complex ideas.
Task 3: Infographic Creation. Create an infographic on a relevant news event for WAX, focusing on security guidelines.
I designed an infographic detailing essential security guidelines for setting up on @WAX_io. It covered password creation, two-factor authentication (2FA), cold wallets, and phishing prevention. It also highlighted WAX's new Multi-Chain NFT & Token Bridge. The infographic was shared widely for its clarity and practical value.
Reflecting on my journey through the Super #SmashMiner Melee, I am proud of the efforts that have culminated in my standing among the Top-4 Social Miners. Each task has been an opportunity to demonstrate my skills in design, content creation, and community engagement.
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