• Breaking News

    Monday, January 3, 2022

    Home Unlabelled Cryptocurrency Igor Bogdanoff has just died, six days after his twin brother Grichka. RIP.

    Cryptocurrency Igor Bogdanoff has just died, six days after his twin brother Grichka. RIP.

    January 03, 2022

    Cryptocurrency Igor Bogdanoff has just died, six days after his twin brother Grichka. RIP.

    Igor Bogdanoff has just died, six days after his twin brother Grichka. RIP.

    Posted: 03 Jan 2022 09:40 AM PST

    "I'm not in it for the money" Such BS. We are ALL here for the money!

    Posted: 03 Jan 2022 10:26 AM PST

    Every one of us here hold coins and tokens, regardless if they're BTC or a Shitcoin.

    So many times people on here put people down for being just here for the money. Those same people always have their Reddit vaults open and are farming with passive aggressive comments 10x an hour.

    "Cociane and hookers" "This is the way"

    Bore off.

    We are all here to make money, if you were solely just here for Blockchain technology, you'd be in the Blockchain sub or other technology specific subs.

    The only reason I am I to crypto currency is purely because I want to trade the coins profits into my local currency (so I can actually spend it) the only real use case for spending crypto is XMR or BTC on DWMs

    After all this is literally a financial & currency subreddit. Not a technology sub.its nice that the technology is pushing the price, but let's be honest all we care about is the money we make.

    submitted by /u/Chicky_Nuggy
    [link] [comments]

    Investing $2 into 500 altcoins

    Posted: 03 Jan 2022 08:42 AM PST

    Alright, so this is going to sound dumb, and probably is dumb, but I thought I'd ask anyway.

    Say I've got $1000 to blow and I'm already investing in the bigger coins, why not take a chance and put $2 into 500 random altcoins that no ones talking about?

    The reason I ask is because $2 in a certain meme coin about a year ago would have netted the person a million dollars today, or so I've read, who's to say there isn't another coin that no one's talking about that could net a similar return in a years time?

    I'm the kinda guy that plays it safe by the way, DCA and hodl has always been my strategy but this kinda peaked my curiosity...

    submitted by /u/Smokinpeanut
    [link] [comments]

    Brave Browser has hit 50mm Monthly Users and 15mm Daily!

    Posted: 03 Jan 2022 08:30 AM PST

    Massive milestone for one of the largest projects in crypto. Currently growing at around 9% a month, Brave is already 1/4 the user base of Firefox, and is on it's way to the mainstream. With a dEx and wallet implemented right into the browser, and with self serve ads, and Brave Search ad integration coming soon, I think the sky's the limit for Brave and BAT. Congrats Brave Team! I don't think there's another crypto project boasting this many users, so it's really exciting to see them pushing adoption. Check the growth below!

    https://www.bravebat.info/brave_browser_active_users

    Edit: I wanted to provide another link on the browser wars. Every time a browser wins an era, a new one comes in and knocks it out. Brave will be on the updated one for 2025, it's simply the next evolution of browsers as we move into Web 3.0. Google simply cannot compete with Brave's model of distributing 70% of revenue to the users. Google stock would absolutely crash if they had to give up 70% of their biggest revenue stream. They're cornered by this concept, curious to see how they'll respond (likely through lawsuits).

    https://www.youtube.com/watch?v=W4wWdmfOibY

    submitted by /u/milehigh89
    [link] [comments]

    All the people I talked to who hated crypto didn’t understand it at all

    Posted: 03 Jan 2022 07:53 AM PST

    All the people I talked to who hated crypto didn't understand it at all

    I personally try no to talk with other people about cryptocurrency to much, but as i study computer science and also work in the space i often get questions regarding cryptocurrency.

    Most people just want to know what bitcoin is and how it is different from online banking, but some also ask questions about ethereum or latetly NFTs. But still 90% of people are really suprised to hear that there are more cryptocurrency out there than just bitcoin. Most of the people that do know other cryptos sadly want to talk about doge or shiba inu...

    These talks usually go well and most people are genuinely interessted to learn more about crypto. Some like the cyberpunk mindset of bitcoin, some like the potential of smart contracts and some ask me how the can turn their drawings into NFTs.

    But there are also people out their who absolutly hate crypto and i have noticed one thing all these people have in common: they have no fucking clue about crypto.

    I have yet to meet a crypto hater who could explain to me even the basics of how a blockchain works or to know the difference between POW and POS. Most of them have just read a newspaper article telling them crypto is used by criminals and tax evaders.

    On the other hand most of these people understood really quick that there is much more to crypto than they knew so far. I know a lot of people in the crypto space avoid talking about the subject to others, but i think explaining some of the concepts to others is really important not only to help adoption but also to improve the image of crypto in the general public.

    That being said never tell anyone how much crypto you own ;)

    Thanks for reading. Cheers!

    submitted by /u/_ArtosisCurse_
    [link] [comments]

    How do you get in on airdrops before they happen?

    Posted: 03 Jan 2022 10:52 AM PST

    How do you guys get into airdrops? I've heard many different people get in on airdrops and getting some tokens from basically just using a service but how do you do this consistently and where do you hear it from? I want some free cryptocurrency just like everyone else but I have been struggling to find out how people find out about airdrops before they happen. Some people on here consistently get airdrops and make good money from them but I haven't been able to get enough information on it on here which is why I am posting. So here are my questions:

    1. How do you find out about airdrops before they happen?

    2. What amount of money are we talking about here? Is it worth the effort?

    3. Can anyone do this or do you have to be knowledgeable about the technology and economics of cryptocurrency to be able to land airdrops efficiently?

    submitted by /u/Ben_Dover1234
    [link] [comments]

    VeChain Foundation teases a VeChain based stablecoin

    Posted: 03 Jan 2022 07:36 AM PST

    Great news for all VET holders that have been waiting for some price action in 2022. Vechain foundation have started off 2022 with a teaser for a Vechain-based stablecoin - VeUSD. This was rumoured on several occasions for the last few months, and a VeUSD trademark was filed back in October.

    Hopefully this means wider adoption of Vechain and new DeFi applications built on it. Considering the very low fees and automatic VTHO generation, I can see Vechain becoming a serious competitor in the DeFi space.

    For reference, the original tweet:

    https://twitter.com/vechainofficial/status/1478009170527862788

    What does r/CC think of this news?

    submitted by /u/Mezzca
    [link] [comments]

    Table comparing the Staking Rewards (APY) on Crypto Exchanges

    Posted: 03 Jan 2022 10:10 AM PST

    They say you should stake your HOLDings to earn interest, but figuring out where which coins can be staked is a considerable pain: There doesn't seem to be a central webpage where this information is gathered (like CMC etc.), most APIs lack it, the exchanges don't exactly make it easy to find it and they all handle staking differently.

    During my recent research, I compiled the staking options of five popular crypto exchanges into an Excel table. As you might find this useful, I'm posting part of it here. (Link to Excel file in comments!)

    Below you can find a table containing the Annual Percentage Yield (APY) for every top-100 coin (CMC), incl. USD & EUR, which can be staked on Binance, Coinbase, Crypto.com, Kraken and KuCoin as well as the API of any coin which can be staked on at least two of those exchanges. (Please also take note of the Disclaimer at the end.)

    Key

    bold: Highest APY, if staking is possible on multiple platforms.
    italic: Best alternative APY for limited funds (lowest minimum staking amount).

    Staking Rewards by Exchange

    Binance Coinbase1 Crypto.com2 Kraken KuCoin
    Coin APY APY APY3 APY3 APY
    1INCH 2.02%
    ADA 35.67% 0.50% 4.00% 3.37%
    ALGO 4.50% 4.00% 0.50% 4.75%
    ATOM 9.47% 0.50% 7.50% 7.93%
    AVAX 15.21% 1.00%
    AXS 101.12%
    BAT 0.50%
    BCH 0.50%
    BNB 5.23% 0.50%
    BTC 2.12% 1.50% 0.25%
    BUSD 2.89%
    CAKE 31.25%
    CELR 11.21% 0.50%
    COMP 0.50%
    COS 10.29% 5.00%
    CRO 2.00%
    CRV 2.51%
    DAI 8.79% 2.00% 6.00%
    DASH 7.39%
    DOGE 0.50%
    DOT 11.51% 6.00% 12.00% 7.92%
    EGLD 10.87% 0.50%
    ENJ 0.50%
    EOS 4.22% 0.50% 1.37%
    ETH(2) 1.73% 4.50% 3.50% 4.00%
    EUR 1.50%
    FIL 9.79%
    FLOW/FLOWH 1.00% 6.00%
    GRT 5.11%
    HNT 5.12%
    ICX 10.49% 0.50%
    IOTX 4.32%
    KAVA 8.97% 23.00%
    KCS 0.74%
    KLAY 6.54%
    KNC 9.49% 0.50%
    KSM 14.79% 18.00% 10.55%
    LINK 2.39% 0.50% 0.74%
    LTC 0.50%
    LUNA 22.34% 0.50% 2.92%
    MANA 0.50%
    MATIC 11.34% 6.00% 4.37%
    MKR 0.50%
    NEAR 31.24%
    NEO 5.79% GAS
    ONE 7.25% 1.00%
    PAX 6.00%
    ROSE 14.12%
    SHIB 3.67% 0.50%
    SOL 32.46% 1.00% 6.50%
    SUSHI 6.70%
    TOMO 9.49% 6.37%
    TRX 4.31% 3.37%
    TUSD 6.00%
    UNI 0.50%
    USD 2.00%
    USDC 2.79% 0.15% 6.00%
    USDT 4.79% 6.00%
    VET 3.47% VTHO 0.50%
    WAVES 4.74%
    XEM 2.80%
    XLM 0.50%
    XRP 0.50%
    XTZ 5.82% 4.63% 0.50% 4.70%
    YFI 2.49%
    ZIL 13.87% 11.37%

    1 Coinbase does not offer staking in every jurisdiction, see here.
    2 Crypto.com does not currently offer staking in Hong Kong SAR, Switzerland and Malta.
    3 Crypto.com and Kraken partly list APY ranges; these are minimal APYs, higher APYs possible.

    Disclaimer

    1. I believe to have worked precisely, but there can be errors.
    2. APY values can change anytime; this is to be considered a snapshot!
    3. Please be aware that certain platforms do not offer these rewards in every juristiction or only offer limited staking slots! Do your own research before moving to a platform to stake. See sources below!

    Sources

    submitted by /u/CrayCJ
    [link] [comments]

    Layer 2 Scaling Solutions (A Technical Introduction to Rollups)

    Posted: 03 Jan 2022 09:13 AM PST

    What is a rollup?

    A rollup is essentially a separate blockchain, but with a couple of modifications. Like Ethereum, a rollup protocol has a "virtual machine" that executes smart contract code. The rollup's virtual machine operates independently from Ethereum's own virtual machine (the "EVM"), but it is managed by an Ethereum smart contract. This connection allows rollups and Ethereum to communicate. A rollup executes transactions and processes data, and Ethereum receives and stores the results.

    On a technical level, the crucial difference between a rollup chain and other more conventional blockchains is the way in which new blocks are produced.

    Normally, a blockchain is maintained by a distributed network of parties ("miners" or "validators," depending on the kind of chain). These parties produce blocks jointly via consensus. In simple terms, the parties vote on how to process a set of transactions—or in other words, how to construct the next block. The block with majority support is the one that is written permanently onto the chain.

    By contrast, a rollup chain does not operate via majority rule. Instead, a single party monitoring the state of the rollup can send what's called an "assertion" back to Ethereum about how the transactions ought to be processed. Importantly, Ethereum will accept or reject this assertion independently of whether a majority of the other rollup parties support this assertion. In practice, what this usually means is that a single party on the rollup is designated the task of processing transactions and producing blocks.

    TL:DR

    Rollups are solutions that perform transaction execution outside Layer 1 but make transaction data available on Layer 1. By moving computation offchain, they free up more space onchain. Onchain data availability is crucial, since it allows Ethereum to double check the integrity of rollup transactions.

    4 Types of Solutions

    Optimistic roll-ups

    • In optimistic rollups, batches of transaction data are posted to the main chain and presumed to be valid (optimistic) but can be challenged. Theoretically, anyone can challenge them by submitting a claim, also known as fraud proof, to prove that a batch committed to the chain contained invalid state transitions. If the fraud proof is valid, these invalid state transitions would be rolled back.
    • The challenge with optimistic roll-ups, from a usability perspective, is that batches posted to the main chain can be disputed for several days (typically 1 week) during which funds on these Layer 2s cannot be withdrawn back to the main chain - this means Layer 2 users are not liquid.

    ​

    ZK roll-ups

    • ZK-rollups are one of many Layer 2 scalability solutions and work by rolling up mass transfer processing into a single transaction. ZK roll-ups use zero-knowledge succinct non-interactive arguments of knowledge (zk-SNARKs) to validate transactions. Zk-snarks refer to a proof construction where one can provide proof of certain information, e.g. a secret key, without revealing that information itself, and without any interaction between the prover and verifier.
    • ZK = "Zero Knowledge"...As a "zero knowledge proof" approach is used to present and publicly record the validity of the block on the Ethereum blockchain, ZK reduces computing and storage resources for validating the block by reducing the amount of data held in a transaction; zero knowledge of the entire data is needed.

    ​

    Plasma & Validium

    • Plasma is a construction scalability method that places layer 2 blocks on top of the Ethereum blockchain in the form of a side chain. The implementation of Plasma gives the ability of hundreds of side chain transactions to be processed offline with only a single hash of the side chain block being added to the Ethereum blockchain. The problem with Plasma is that for a user to withdraw from the side chain, they must retain a high amount of data so that enough exists for validation; a lengthy challenge period also requires users to stay online or lose reward.

    ​

    • Validium works very similar to ZK rollups except data is stored offchain. Since transaction data is not published on-chain, this introduces new trust assumptions as users must trust an operator to make data available when it is needed. This is typically achieved through a committee of known entities who stake their business reputation on being reliable data providers. If an L2 node operator stops servicing withdrawal requests, this committee will make its copy of the data publicly available.

    Thanks for coming by,

    Happy investing!

    submitted by /u/lol70707
    [link] [comments]
    Read more
    at

    No comments:

    Post a Comment