Category Archives: Decentralization
Crypto investors in advanced economies love CEXs and disregard … – Blockworks
Over 65% of people surveyed in Canada, the UK and the US said their crypto holdings are a long-term investment, according to a study released on Tuesday by fintech company Broadridge.
The study took into account the attitudes of 2,000 crypto market participants from March to June 2023. Its findings suggest that there is a contingent of people in advanced economies who are in it for the long haul and arent simply speculators.
Bitcoin, the worlds largest and oldest cryptocurrency, was the most popular asset among the participants portfolios with over 70% holding it. Just shy of 70% of respondents held non-bitcoin cryptocurrencies, and considerably fewer people around 25% held stablecoins.
Consistent with the buy and hold method many traditional stock investors employ, respondents paid more attention to financials, risk and security, and information about the management team instead of native crypto metrics such as tokenomics and network activity.
The researchers partly chalked this up to the novelty of crypto assets, but concluded that the respondents were underappreciating elements such as token supply, major holders of the token, and governance when it comes to their investing strategy.
In fact, one of the most valuable ways to gain insight into crypto projects their white paper was the least accessed source of information among the participants, at just over 20%.
Crypto websites were the preferred source to gather information about crypto projects for nearly 40%, and even social media i.e. crypto Twitter was more of a go-to at around 26%.
And as much as the need for decentralization is a dominant narrative on crypto Twitter, survey results show that slightly more than 50% of people hold crypto on CEXs rather than in user-controlled wallets.
In terms of country-specific observations, one thing was clear. Canadians were the most likely to hold a significant portion of their wealth in crypto. The average Canadian surveyed held over 36% of their assets in some form of crypto.
But the real crypto degens, who hold over 50% of their assets in crypto, were way more likely to be Americans or Brits. In fact, more than a tenth of UK respondents said 76% or more of their assets were held in crypto.
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Crypto investors in advanced economies love CEXs and disregard ... - Blockworks
Assessing Polkadot’s Biggest ‘Advantage’ in 2023 – Watcher Guru
Not a long time ago, Polkadot and its sister protocol Kusama had everyones attention. Parachains and seamless interoperability were buzzwords, and to a certain extent, their development was credible. Yet, a bearish market undermined everything. Discussions slowed down, a massive 93% correction took place, and the community lost interest. In 2023, the DOT token is not setting the world on fire. However, true to its identity, the ecosystem has continued its deep development work. In this article, we will assess DOTs current network credentials, and analyze its present status.
Also Read: Ethereum, Solana, Polkadot On-Chain Staking Enabled on Crypto.com
According to Nick Garcia, Messari analyst, Polkadot has taken major strides on its roadmap, which involves certain upgrades. DOTs OpenGov is officially launched, which is a fully-decentralized governance protocol. Without getting into the technical bits, the objective of OpenGov remained a community-centric model, which will facilitate a democratic and efficient decision-making process.
Its Cross-Consensus Message Format or XCM is its other recent milestone. Launched on June 15, XCM V3 is expected to bring further improvements to communications between parachains and other consensus-driven protocols. The new update would improve fee payments, cross-chain locking, and NFTs support. Ideally, it is difficult to comprehend its importance in theory because, at the moment, non-asset transfer use cases accounted for only 18% of total XCM messages. Yet, it will play an important role in the Web3 phase since the idea remains to improve cross-chain communication.
Staking is an activity widely popular with Ethereum but Polkadots NPoS should not be slept on. Unlike Ethereum, validators receive payments every 24 hours based on the completion of the payable activity. Now, a massive concern with staking activity is centralization. However, in Q2 2023, the active validator count for Polkadot remained stable at 297. According to the analysis,
The validator reward model continued to demonstrate its effectiveness in promoting validator stake decentralization. Out of the 297 validators, 97% (289 validators) maintained stake amounts ranging from 1.6 million to 2.2 million DOT.
While fundamental and technical traits are important, the digital assets image in front of the community plays a massive role. Consequently, the community or industry per se, also involves the regulators. In line with that, Polkadot received a major boost when the SEC did not mention DOT in this securities list. DOTs competitors were listed as well which included the likes of Solana, Cardano, and Polygon.
While SEC does not conduct the cleanest assessment, DOTs omission is a positive for the token. The price has not emulated bullish behavior yet, but a shift in market structure would place Polkadot, at a position of strength.
Also Read: 61 Crypto Including ADA, SOL, BNB Deemed as Securities by the SEC
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Assessing Polkadot's Biggest 'Advantage' in 2023 - Watcher Guru
Beyond the yuck factor: Cities turn to ‘extreme’ water recycling … – GreenBiz
In downtown San Francisco, in a cavernous garage that was once a Honda dealership, a gleaming white-and-blue appliance about the size of a commercial refrigerator is being prepared for transport to a hotel in Los Angeles.
There, this unit, called a OneWater System, will be installed in the basement, where its collection of pipes will take in much of the hotels graywater from sinks, showers and laundry. The system will clean the water with membrane filtration, ultraviolet light and chlorine, and then send it back upstairs to be used again for nonpotable uses.
And again. And again.
"There is no reason to only use water once," said Peter Fiske, executive director of the National Alliance for Water Innovation, a division of the Lawrence Berkeley National Laboratory, in Berkeley. Just as natural systems use and reuse water repeatedly in a cycle driven by the sun, he said, "we now have technologies to enable us to process and reuse water over and over, at the scale of a city, a campus and even an individual home."
While centralized water reuse for nonpotable purposes has been around for decades, a trend called the "extreme decentralization of water and wastewater" also known as "distributed water systems," or "on-site" or "premise" recycling is emerging as a leading strategy in the effort to make water use more sustainable.
Proof of concept is unfolding in San Francisco, which in 2015 required all new buildings of more than 100,000 square feet to have on-site recycling systems.
The concept is to equip new commercial and residential buildings as well as districts, such as neighborhoods and universities, with on-site recycling plants that will make water for nonpotable use cheaper than buying potable water from a centralized source. By driving down demand for potable water, which is costly to filter, treat and distribute, the units will help manage water more efficiently. It is, many experts believe, the future of water. Eventually its hoped that buildings will be completely self-sufficient, or "water neutral," using the same water over and over, potable and nonpotable, in a closed loop.
Its not just a pipe dream. Proof of concept is unfolding in San Francisco, which in 2015 required all new buildings of more than 100,000 square feet to have on-site recycling systems. So far, six blackwater and 25 graywater systems are using the technology, and many others are in the works. (Blackwater comes from toilets, dishwashers and kitchen sinks; graywater comes from washing machines, showers and bathtubs.) The headquarters of the San Francisco Public Utilities Commission has a blackwater system, the Living Machine, that treats its wastewater in engineered wetlands built into the sidewalks around the building, then uses it to flush low-flow toilets and urinals. The process reduces the buildings imported potable supply by 40 percent.
Recycling graywater alone can save substantial amounts of water. Using it to flush toilets and wash clothes reduces demand for new water by about 40 percent. Using recycled water for showers would eliminate another 20 percent of water demand, though the safety of that practice is being researched and is not yet permitted in San Francisco.
A fully circular system, in which water is reused on-site for both potable and nonpotable uses, is at least 5 years away.
To demonstrate its technology, Epic Cleantec, a water recycling company, has even brewed a beer called Epic OneWater Brew with purified graywater from a 40-story San Francisco apartment building.
With the megadrought and water crisis on the Colorado, the Rio Grande and other Western rivers, "extreme decentralization" is making its way to other places in the American West, including Colorado, Texas and Washington state. And decentralized projects are ongoing in Japan, India and Australia. There are serious pressures on fresh water supplies around the world, with climate change exacerbating shortages. A recent study found that more than half the worlds lakes have lost significant amounts of water over the last 30 years. By 2050, the UN estimates that 5 billion people could be subjected to water shortages.
"This is the future of water for everybody," Newsha Ajami, director of Urban Water Policy at Stanfords Water in the West program, said of decentralized water systems and recycling. "Its a slow-moving process, but at the end of the day considering all the scarcity a lot of communities are going to pick this up as a way of having economic development while having water security."
The technology to do this has been around for a long time. What has prevented [its] adoption has been regulatory hurdles.
San Franciscos recycling systems are not water neutral. The largest building with an on-site system is the Salesforce Tower, a 61-story office tower that opened in 2018 and is the tallest building in San Francisco. Built by the Australian company Aquacell, the system cleans 30,000 gallons of sewage, sink, shower and other wastewater each day and uses it for irrigation and toilet flushing, saving an estimated 7.8 million gallons of water a year. Thats the equivalent of the annual use of 16,000 San Franciscans, the company says. Outside water is still needed for potable uses. (In New York, the Domino Sugar Refinery redevelopment project, under construction on the Brooklyn waterfront, will recycle 400,000 gallons of blackwater a day.)
The San Francisco Public Utilities Commission, the water provider, estimates that there are a total of 48 reuse systems in operation and 29 more projects being planned in the city. By 2040, the agency says, its Onsite Water Reuse program will save 1.3 million gallons of potable water each day.
The technology for these buildings to capture and treat all their water to potable standards already exists. But the safety of direct reuse of recycled wastewater is still being studied, and U.S. regulations so far do not allow that. A fully circular system, in which water is reused on-site for both potable and nonpotable uses, is at least five to 10 years away in this country, experts say.
Centralized recycled water systems, by contrast, have been used for decades, although they too have rapidly grown as a solution to water shortages. Orange County, California, for example, is home to the worlds largest water recycling facility. It cleans 130 million gallons of blackwater a day in a process called indirect potable reuse. Highly treated wastewater, which would normally have been discharged into the ocean, is put through an advanced three-step purification process that includes micro-filtration, reverse osmosis and disinfection with ultraviolet light and hydrogen peroxide. The output is injected into nearby groundwater, to be pumped up and treated to drinking-water standards by local utilities.
In water-short Singapore, the massive Changi Water Reclamation Plant cleans and purifies 237 million gallons of wastewater a day to potable standards.
But the new reuse paradigm fundamentally rethinks water systems, localizing them in much the same way that households and districts with rooftop and community solar have transformed energy systems away from centralized power plants.
New buildings and neighborhoods, said Fiske, of the National Alliance for Water Innovation, may someday no longer need to hook up to sewer lines and water supplies. People will be able to build without regard to connections to water infrastructure, simply by using the same water again and again in a virtually closed loop. "The water that falls on the roof in most places in the world will be enough to sustain a home," predicts Fiske, citing a recent study that found that this approach could save at least 75 percent of water demand.
'Extreme decentralization' is making its way to other places in the American West.
Premise recycling not only saves water, it can also save the cost of pumping water over long distances and the costs associated with digging up streets for replacement and installation of pipelines. "Water is heavy," said Fiske, "And we live on a planet with gravity. So use water where you live over and over again."
While in some situations decentralized systems are expected to save money by reducing the energy needed to pump water, in others situations they could require more electricity to pump water through a building.
The increased prevalence of water recycling will allow water to be cleaned to varying standards or different "flavors" according to its intended use, a concept called "fit for purpose." Water to flush toilets, for example, doesnt need to be cleaned as thoroughly as drinking water.
The recycling systems being built in San Francisco are widely considered a success, and representatives from water-stressed cities around the world have come here to study the approach.
Epic Cleantec has designed a system that will provide 30,000 gallons a day for the Park Habitat office building, under construction in San Jose. Its blackwater system will be used to irrigate a living green wall on the towers 20-story exterior. The system collects water from rain, cooling towers, showers, toilets and sinks, then circulates it through a multistep treatment process in the basement. The solids are separated, sterilized and turned into a soil amendment.
This is the future of water for everybody.
"San Francisco has written the playbook and de-risked the whole process" by smoothing the regulations needed to build these systems, said Aaron Tartakovsky, who founded Epic Cleantec with his father, Igor, and is its CEO. "The technology to do this has been around for a long time. What has prevented the adoption of the technology has been regulatory hurdles. Without any established framework there was no way to get this done. What cities and states are doing is coming up with a clear playbook for how these systems can be operated safely and efficiently."
Tartakovsky said the systems Epic Cleantec is building cost from a few hundred thousand to a few million dollars. The return on investment takes about seven years, he says. After that, there are considerable ongoing savings on water and sewer costs that vary from building to building.
Heather Cooley, director of research for the Pacific Institute in Oakland, an independent organization that studies water sustainability, and an author of a report on distributed systems and water resilience, believes premise systems are essential for Californias water future. These on-site and distributed systems are an exciting addition to the range of tools to meet weather challenges, she said. "They will help build resilience." However, she added, "theres no silver bullet. Theyre not going to be applied in every building everywhere."
The water that falls on the roof in most places in the world will be enough to sustain a home.
It might seem counterintuitive that the San Francisco Public Utilities Commission requires new buildings to reduce their consumption of city water: After all, the commission is in charge of selling that resource. But San Francisco has a policy of densification in the urban core. As three- and four-story buildings are replaced with 10- and 12-story buildings, the cost of building new water infrastructure and finding new water sources is soaring.
Premise recycling is also taking place in what are known as districts. The University of California, Davis, has a blackwater system used for irrigation, and new neighborhoods are rising with their own closed-loop recycling systems. In San Diego, for example, developers are building a large district system to recycle blackwater at a shopping center thats being converted into an office campus.
"Neighborhood scale is the right scale for sustainability" for recycled water, said Claire Maxfield, director of the San Francisco office of Atelier Ten, a London-based engineering and design firm.
What are the barriers to wider-scale residential changes [on water reuse]? The yuck factor, experts say.
Maxfield led the sustainability team that helped design an 11-acre mixed-use district system for Mission Rock, a neighborhood under construction next to the San Francisco Giants ballpark. It will collect blackwater from a main sewer, filter it, then send it to all 17 of the neighborhoods buildings to be used for irrigation and toilet flushing. "It works really well, and it works really cost effectively" at the neighborhood scale, said Maxfield. "It shares the cost, its good for resilience and environmental justice. Its better than telling everybody to solve this on their own."
A recent study found this approach to water recycling adds about 6 percent to the cost of a single home and 12 percent to the cost of a multifamily dwelling. But as the number of people using these systems increases, economies of scale come into play, making recycled water far less expensive than city water.
The Hydraloop, created in Holland, is one home-based technology on the market, a kind of "water washing" machine. It recycles up to 95 percent of a households water, disinfecting shower and washing machine flows to irrigate lawns, flush toilets and fill swimming pools. Overall water consumption declines by 25 to 45 percent. A company in Vancouver makes a product called RainStick, which recycles shower water over and over while you shower.
What are the barriers to even wider-scale residential changes? The yuck factor, experts say. "When we talk about reuse, theres a lot of fear" among builders and architects, said Maxfield, although she believes they can be overcome.
Thats why, she said, decentralization of water and waste systems appears to be destined to play a major role in a water-stressed world. "No one talked about carbon 20 years ago" in the design of buildings, Maxfield said. "And now everyone does. Water is going to have that moment."
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Beyond the yuck factor: Cities turn to 'extreme' water recycling ... - GreenBiz
The Impact of Applying Securities Laws to Cryptocurrencies … – Crypto Times
So, currently, a lot of buzz is going around about whether crypto is a security or not. Currently, the status of crypto regulations in major countries like the U.S., China, India, and others is uncertain. Due to such uncertainty, a lot of crypto businesses are suffering, eventually impacting a lot of investors.
However, the U.S. Government and SEC (Securities and Exchange Commission) strongly intended to implement securities laws on crypto investment in spite of forming separate regulations. If this becomes a reality, the crypto market will be significantly impacted, transforming crypto businesses.
Note that, recently, the SEC has ramped up an anti-crypto campaign by filing lawsuits against major crypto exchanges like Binance and Coinbase. The authority accuses these crypto exchanges of selling unregistered securities. These lawsuits also faced a lot of backlash from the crypto community for harassing crypto innovation.
In this article, we will discuss possible implications for investors if crypto assets are considered securities.
In the financial world, security refers to tradable financial assets such as stocks, bonds, and derivatives that represent ownership or creditorship in a company or government entity. These securities can be bought, sold, or traded on financial markets, and they provide investors with potential returns or income based on the performance of the underlying assets.
Securities laws are regulations that govern the buying, selling, and trading of financial investments such as stocks and bonds to protect investors and ensure fair and transparent markets.
If the securities laws apply to cryptocurrency there will be positive as well as negative outcomes for the crypto community and businesses.
Additionally, the inclusion of cryptocurrencies as securities may subject them to additional tax obligations, such as capital gains tax on the sale or exchange of securities. The complexity of crypto tax reporting, including tracking cost basis and transactions, can create additional burdens for individuals and businesses.
Also Read: Crypto Regulations: Protector or Destroyer of Crypto Innovation?
The crypto community has concerns regarding securities laws in several areas. One major concern is the lack of clarity and consistency in how cryptocurrencies and related activities are regulated under existing securities laws. Different countries and jurisdictions have varying interpretations of whether certain cryptocurrencies or initial coin offerings (ICOs) should be classified as securities. This lack of uniformity creates uncertainty for individuals and businesses operating in the crypto space.
Furthermore, Securities laws impose various compliance requirements, such as registration, reporting, and disclosure obligations, on entities offering or trading securities. These requirements can be complex, time-consuming, and costly to comply with, especially for smaller crypto startups and projects. The burden of complying with securities laws may stifle innovation and limit the growth of the crypto industry.
While securities laws aim to protect investors and ensure transparency in capital markets, some crypto enthusiasts argue that these laws may unintentionally exclude certain individuals from participating in crypto investments. Securities laws often impose limitations on who can invest in private offerings, which can restrict access to investment opportunities for retail investors or individuals with limited financial means.
Determining whether a cryptocurrency or token qualifies as a security under existing laws can be challenging. Securities laws typically define securities as investment contracts involving an expectation of profits derived from the efforts of others. However, cryptocurrencies have diverse functionalities that may not neatly align with traditional securities definitions, such as being used for utility purposes or as a means of exchange. Disputes over token classification can lead to legal uncertainties and regulatory disputes.
The decentralized and borderless nature of cryptocurrencies poses challenges to the application of securities laws. Cryptocurrencies can be traded across different jurisdictions, making it difficult for regulators to enforce their regulations consistently.
Furthermore, different authorities provide varying statements on cryptocurrencies and seek to regulate them under different laws. For instance, the Internal Revenue Service (IRS) intends to treat digital assets such as cryptocurrencies, stablecoins, and NFTs as property. As per the IRS document, general tax principles applicable to property transactions will also be applied to transactions involving digital assets. Moreover, crypto investors and businesses are required to disclose their crypto holdings to the IRS in order to comply with taxation policies.
The classification of cryptocurrencies as securities or commodities has sparked a debate among regulators, with the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) expressing contrasting opinions. This regulatory divergence has significant implications for the treatment and regulation of cryptocurrencies.
The SEC, under the leadership of Chairman Gary Gensler, asserts that the majority of cryptocurrencies should be classified as securities. Gensler has referred to the Howey Test, a legal standard used to determine whether an asset qualifies as an investment contract, and has emphasized the need for regulatory adherence in the crypto industry. According to Gensler, cryptocurrencies, except for Bitcoin which is considered a commodity, should comply with securities laws.
Gensler has stated that all cryptocurrency companies should come into compliance with the law, and the SEC will continue to act as the regulatory authority, investigating and pursuing non-compliant entities. The SEC has recently expanded its list of cryptocurrencies classified as securities to approximately 61, further reinforcing its position.
Furthermore, with the signing of the Market in Crypto-Asset (MiCA) into law by European officials, the European Union has taken steps towards regulating crypto-assets, aligning with the SECs approach
The distinction between securities and commodities is crucial in the regulation of the crypto market. Securities represent a claim on the issuer and are subject to SEC regulation. They involve investment contracts where investors anticipate profits from the efforts of the promoter or a third party. Compliance with securities regulations can be challenging, and decentralization is often pursued to avoid falling under these laws.
On the other hand, during a hearing, the Chair of the Commodity Futures Trading Commission (CFTC) clarified that, apart from Bitcoin, several digital assets including Ethereum and Stablecoins are considered commodities.
These differing regulatory approaches create a dilemma for investors and businesses, as they must navigate and comply with regulations that vary across jurisdictions. Ultimately, an unclear stance of the government and regulators sparked outrage in the crypto community against them.
The regulation of commodities focuses on ensuring fair trading and preventing money laundering, overseen by entities such as the CFTC.
Determining whether a cryptocurrency is classified as a security or a commodity is crucial as it impacts its regulatory requirements. If considered a security, issuers and exchanges must obtain licenses from securities regulators, making compliance difficult. To circumvent securities classification, cryptocurrencies often strive for decentralization and engage token holders in project growth through mechanisms like proof-of-stake.
The classification of cryptocurrencies as securities or commodities also affects their listing on exchanges. Exchanges may avoid listing cryptocurrencies classified as unregistered securities to avoid penalties. Additionally, state-specific rules and regulations can further complicate matters, leading to legal challenges and enforcement actions.
The debate surrounding the classification of cryptocurrencies is ongoing, with various proposals and approaches emerging. Efforts are being made to grant the CFTC broader regulatory authority for non-security tokens, while some suggest treating crypto as its own asset class with unique rules.
Investors must understand the distinction between security and commodity tokens. Security tokens represent ownership in a company or project and adhere to regulatory rules for investor protection.
Commodity tokens offer ownership or rights to physical assets and provide fractional ownership and easy transferability. Investors should carefully consider the advantages and risks associated with each token type and navigate the regulations accordingly to make informed investment decisions.
As the regulatory landscape continues to evolve, variations in classification and rules for different cryptocurrencies are expected, adding further complexity to the regulatory environment surrounding cryptocurrencies.
Also Read: How Binances Legal Battle With SEC is Different From FTX
Conclusion:
Its important to note that the implications would vary depending on the jurisdiction and specific regulatory frameworks implemented. Crypto asset regulations are still evolving and can differ significantly between countries. Therefore, investors should stay updated on the legal and regulatory developments in their respective jurisdictions.
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The Impact of Applying Securities Laws to Cryptocurrencies ... - Crypto Times
Pepe Coin is Going to Zero as PEPE Price Falls 20% in a Week and … – Cryptonews
Source: TradingView
The price of Pepe Coin (PEPE) has risen by 4% in the past 24 hours, although its move to $0.00000152 today still means that it's down by nearly 20% in the past week.
And while PEPE is actually up by 60% in the last 30 days, it remains down by 64% since hitting an all-time high of $0.00000431 in early May.
Its inability to come close to this record high in recent weeks would suggest that PEPE is not going to regain its former glories, and that the meme token is in the drawn-out process of a terminal decline.
However, new meme tokens are likely to take its place, with the ability of Thug Life Token (THUG) to raise nearly $1 million in its presale, indicating that it could be one of the next trending coins.
PEPE's chart is not in a great position right now, with its indicator suggesting that further falls are very likely possible.
PEPE's 30-day moving average (yellow) continues to fall towards its 200-day (blue), with there being plenty of space left before it drops below the longer-term average and bottoms out.
At the same time, the meme token's relative strength index (purple) is languishing below 50 and doesn't look like it will rise any higher at the moment, with a drop toward 30 or lower entirely plausible.
It's also worth mentioning that PEPE's support level (green) hasn't really gained any ground in the past couple of weeks, implying that the token not only lacks momentum but maybe isn't well-protected against further drops.
However, while it could be suggested that PEPE isn't going to do much in the foreseeable future, it's interesting that whales continue to use the meme token as a vehicle for short-term gains.
As such, the coin could continue witnessing modest rallies in the next few months, potentially enabling retail investors to ride along for some quick gains.
However, trying to follow whales isn't always a sensible trading strategy, with PEPE's recent price history suggesting that it isn't going to recover its ATH anytime soon.
For this reason, traders may prefer to hunt for the next hot meme token, and a very good candidate in this respect is Thug Life Token (THUG), an ERC-20 meme coin that has aligned itself with the gangsta rap and hip-hop communities.
Kicking off its presale a couple of weeks ago, THUG has already raised close to $1 million, providing a clear indication that investors are quickly gaining interest in the meme coin.
This figure is impressive, given that the total stood at $750,000 only yesterday, a sign that things are accelerating.
This is largely because the THUG presale will end in just under six days, with investors beginning to rush in order to buy some THUG while they can still get it at a discount.
Another factor in the success of the presale is THUG's decentralization, with the presale being allocated 70% of its total maximum supply (4.20 billion).
This level of decentralization has likely reassured investors that the meme token will be decentralized enough to prevent dumps and sudden drops, something which has plagued the recent wave of new meme coins.
New buyers can still join the presale by going to the official Thug Life Token website, with 1 THUG costing $0.0007.
And given that the sale is now taking off, THUG could easily rise well beyond this price when it lists on exchanges in the next few weeks.
Visit Thug Life Token Now
Disclaimer: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. You could lose all of your capital.
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Pepe Coin is Going to Zero as PEPE Price Falls 20% in a Week and ... - Cryptonews
Expert Reveals Top Cryptos to Invest In During Market Turmoil – Coinpedia Fintech News
Renowned crypto pundit and investor, Ran Neuner, has recently shared an insightful analysis of cryptocurrencies that he believes exhibit remarkable resilience during market downturns. Notably, Neuner has included Ripples XRP in his list of top five indispensable tokens in a bear market scenario.
Delve into the analysis here.
Neuners approach to identifying resilient tokens involves a meticulous assessment process based on seven key questions. These questions revolve around factors such as the network effect, community authenticity, user base, decentralization, regulatory compliance, fee generation, and innovation.
His discerning attitude and meticulous evaluation process underscore the importance of thorough research before committing funds.
In Neuners evaluation, XRP stands out for its strong network effect, genuine community, and substantial user base. The XRP tokens decentralization and ability to navigate regulatory uncertainties are critical factors that contribute to its positive ranking in Neuners assessment method. Although XRPs concept may not be the newest, it compensates by excelling in all other aspects, solidifying its position as a pivotal player in the crypto space.
Related: XRP Price Might Surge To $3.5 $10 Amidst Settlements, Relisting, and Ripple IPO
Neuner is not one to shy away from expressing concerns about specific cryptocurrencies. In his analysis of Binance Coin (BNB), for instance, he highlighted apprehensions regarding its decentralization and future regulatory interactions. Based on these concerns, Neuner chose not to invest in BNB, emphasizing the importance of thorough research before committing funds.
Neuners evaluation of Cardano (ADA) has sparked controversy, mainly due to his assertions about the tokens community and user base. Neuner urged crypto enthusiasts to have a clear understanding of their investment rationale, stressing the significance of looking beyond mere hype. This advice holds particular relevance given the surging popularity of Cardano and its potential implications for investors.
Read More: Cardano Price: Top Reasons Why ADA Price Will Start Outperforming Soon
Another cryptocurrency that received a favorable review from Neuner is Solana (SOL). Solana scored positively in terms of network effect, community strength, and user base. Despite regulatory uncertainties surrounding the token, its ability to generate fees makes it an attractive choice for potential investors.
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Expert Reveals Top Cryptos to Invest In During Market Turmoil - Coinpedia Fintech News
How Golteum (GLTM) tokens promote decentralization in the Crypto … – Cyprus Mail
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How Golteum (GLTM) tokens promote decentralization in the Crypto ... - Cyprus Mail
How will DogeMiyagi, Ethereum, and Polygon navigate regulation? – Analytics Insight
Navigating Crypto Regulation: How Can DogeMiyagi, Ethereum, and Polygon Learn From Ripple vs. SEC?
Regulatory uncertainty has been a persistent concern for crypto investors and cryptocurrencies, especially as the US Securities and Exchange Commission (SEC) increasingly targets crypto firms. Crypto enthusiasts and analysts have been eagerly awaiting the end of the longstanding SEC vs. Ripple case, which has just reached a major turning point as Ripple released the Hinman documents as part of its defense. Analysts are now waiting to see the implications of these documents and how they could affect altcoins like Ethereum (ETH), Polygon (MATIC), and DogeMiyagi ($MIYAGI).
The SEC brought charges against Ripple, the company behind XRP, in 2020, alleging that it sold unregistered securities. Ripples CEO fought these charges, sparking an ongoing legal battle with the SEC. As part of their defense, the Hinman documents have been released, and according to analysts at JP Morgan Chase and Co., this could have a profound impact on the altcoin market. The documents reveal that in 2018, the SEC did not consider Ethereum to be a security because it did not have a controlling group, so its network was considered sufficiently decentralized. The documents also acknowledge that there is regulatory uncertainty in the current system if Ethereum isnt considered a security, so new rules and regulations would need to be decided. Analysts now believe that altcoins will need to emulate Ethereums level of decentralization to navigate the regulatory landscape successfully.
The SEC recently brought charges against crypto exchanges Coinbase and Binance, citing many top altcoins in the charges, including Polygon. The release of the Hinman documents may play a pivotal role in determining Polygons future, and if it could reach the same level of decentralization as Ethereum, it could protect itself from these charges. Polygon Labs has also proposed an upgrade known as zkEVM validium, which aims to enhance security while keeping transaction fees low. This could enhance Polygons network and put it on track to becoming more decentralized.
DogeMiyagi is a new meme coin project built on Ethereums infrastructure and communicated to decentralization. The project boasts a decentralized autonomous organization (DAO), which empowers users to be a part of the decision-making process rather than a central authority. This focus on decentralization could give DogeMiyagi more acceptance as crypto regulation tightens.
DogeMiyagi also shows its commitment to the community through giveaways, exclusive NFTs, and a unique referral program. By inviting new investors to join the community, $MIYAGI holders can gain a 10% bonus. DogeMiyagis emphasis on community participation and loyalty through the referral program could work in its favor, fostering trust and a sense of belonging among its supporters.
The release of the Hinman documents in the Ripple vs. SEC case could bring more clarity to the crypto regulatory landscape. As altcoins navigate the challenges of increased scrutiny, decentralization could be the key to finding solace. DogeMiyagis focus on community and decentralization, therefore, positions it to navigate the uncharted crypto waters.
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi
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How will DogeMiyagi, Ethereum, and Polygon navigate regulation? - Analytics Insight
Crypto Congestion | DogeMiyagi, Ethereum + Bitcoin – Analytics Insight
Cutting the Block: DogeMiyagi, Ethereum, and Bitcoins Approach to Network Congestion
As with the introduction of all new technology, one inevitable occurrence is the hoards of users all gathering on the servers at the same time, putting through multiple transactions and sometimes this can be very stressful for the server. In recent years, network congestion has become a significant challenge in the crypto space. As its popularity grows and more people jump into mining, high transaction volumes often result in delays and increased fees, hindering user experience.
Luckily, there are a variety of ways to tackle this whilst still leaving the user experience intact. Over the years, Ethereum (ETH) and Bitcoin (BTC) have found solutions to address network congestion. Their approaches, trade-offs, and implications for transaction speed and user experience serve as a lesson for newcomers like DogeMiyagi (MIYAGI), who is slowly implementing its own strategy to combat congestion.
Ethereum, one of the most established cryptocurrencies, revolutionized the industry by introducing smart contracts and decentralized applications. Its blockchain has become a hub for innovation, enabling developers to create a wide range of decentralized solutions.
Ethereum has implemented and continues to explore various scalability solutions to improve transaction speed and alleviate network congestion. Ethereum 2.0, an upgrade for the network, aims to transition from a proof-of-work to a proof-of-stake consensus mechanism. This transition will enhance scalability and reduce energy consumption.
Additionally, Ethereum has integrated layer-two solutions, such as the Polygon network and Optimisms Optimistic Rollups. These solutions allow for faster and cheaper transactions by processing them off-chain and settling them on the Ethereum mainnet later. By offloading a significant portion of transactions to layer-two solutions, Ethereum reduces congestion and improves the overall user experience.
Bitcoin, the first and most well-known cryptocurrency, laid the foundation for the entire industry. With its decentralized nature and limited supply, Bitcoin has become a digital store of value and a widely accepted means of exchange.
Bitcoins strategy to address network congestion is primarily focused on preserving decentralization and security while maintaining its core functionality as digital gold. Its approach to network congestion focuses on security and decentralization. While Bitcoins transaction speed may not match that of newer cryptocurrencies, its robustness lies in its ability to process secure and immutable transactions.
Bitcoin has implemented the Lightning Network as a layer-two scaling solution to mitigate network congestion. The Lightning Network allows users to open payment channels off-chain, enabling fast and low-cost transactions. By leveraging these channels, users can conduct numerous transactions without burdening the Bitcoin blockchain directly, thus reducing congestion.
DogeMiyagi, a rising meme token in the crypto sphere, combines the popularity of Doge and Miyagi from the Karate Kid movie, infusing humor and a sense of community into the project. By leveraging the familiarity of meme culture, DogeMiyagi aims to create a unique and engaging space for cryptocurrency enthusiasts.
To enhance transaction speed, Dogemiyagi employs a multi-layered approach. Firstly, it utilizes off-chain solutions, such as state channels and sidechains, for faster and cheaper peer-to-peer transactions. By moving a significant portion of transactions off the main blockchain, DogeMiyagi reduces congestion and ensures quicker settlements.
Lastly, Dogemiyagi actively explores layer-two solutions, including the integration of various Layer-2 protocols like Optimistic Rollups and Plasma. These solutions allow for faster transaction confirmations and significantly reduce congestion by processing multiple transactions off-chain before settling them on the main blockchain.
In the quest to address network congestion, Dogemiyagi, Ethereum, and Bitcoin employ different strategies with unique trade-offs and implications for transaction speed and user experience. Dogemiyagi emphasizes scalability and transaction speed Ethereum focuses on protocol upgrades, including Ethereum 2.0 and layer-two solutions, to enhance scalability and reduce congestion. Bitcoin, while prioritizing decentralization and security, leverages the Lightning Network as a layer-two solution to alleviate network congestion.
Website: https://dogemiyagi.com
Twitter: https://twitter.com/_Dogemiyagi_
Telegram: https://t.me/dogemiyagi
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Crypto Congestion | DogeMiyagi, Ethereum + Bitcoin - Analytics Insight
Lido Governance Greenlights Revamped Revenue Sharing Program – Yahoo Finance
The Lido community passed a revised rewards program designed to accelerate its growth alongside two other governance proposals on June 29.
Lido now offers a tiered revenue-sharing program that allocates a portion of its 5% share of staking rewards to prospective partners. Lido will also form a committee tasked with the authority to whitelist and distribute stETH rewards per the program.
Participants must apply for the program and meet eligibility criteria, and rewards will be paid out gradually over fixed terms.
Lidos governance token LDO is up nearly 10% in the past 24 hours.
Lido Governance Greenlights Revamped Revenue Sharing Program
The proposals come at a time when Lidos increasing staking dominance is under intense scrutiny.
Lido currently controls nearly 32% of the roughly 23.5M staked Ether and also accounts for 32% of Ethereums 733,950 validators, posing a centralization risk to the network.
Last month, Vitalik Buterin, Ethereums chief scientist and co-founder, recommended that no single staking pool control more than 15% of the networks validators. As such, Lidos move to further bolster its growth through revenue-sharing incentives has drawn the ire of decentralization advocates.
On June 29, Danny Ryan of the Ethereum Foundation tweeted that liquid staking centralization threatens the network by driving otherwise disparate node operators to operate in a unified manner. Lido asserts that its validators are independent.
The revenue-sharing program will also likely target expanded DeFi integrations, despite prominent Ethereum community members sounding the alarm on Ethereums consensus mechanism being potentially subverted.
The goal of staking is not to promote DeFi, the goal of staking is to promote the security and the health of the Ethereum network,said Superphiz, the co-founder of the EthStaker community. Youve got to keep those two goals separate.
On June 22, Seraphim, a Lido contributor, proposed a strategic alliance between Lido and Mantle. The deal would allocate 40,000 ETH to Lido from BitDAOs treasury to bootstrap liquidity across Mantle, with Lido and Mantle sharing revenue generated from the stETH over 12 months. The proposal has been met with mixed reactions on Lidos governance forum.
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BitDAO Approves Rebrand and Token Swap
Meanwhile, Lidos mission statement, which passed on the same day, espouses keep[ing] Ethereum decentralized, accessible to all, and resistant to censorship.
Lidos community also approved a 300,000 DAI grant for Launchnodes, an impact staking project allowing users to distribute a share of their staking rewards to non-profit beneficiaries, including Unicef, GiveDirectly, and Treedom.
The grant allocates funding for the development of a user interface and smart contracts, the completion of a security audit, and consultation regarding the tax, KYC, and AML obligations of the project. Launchnodes will also deploy an Impact Staking Smart Contract for Lido, allowing users to participate in impact staking.
Lido will retain 60% of the allocated funding until Impact Staking has generated $3M in funding.
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Lido Governance Greenlights Revamped Revenue Sharing Program - Yahoo Finance