The journey of NFT royalty fees has taken an intriguing trajectory from being perceived as a panacea for artists' financial stability to their evolution into a nuanced aspect of the digital art marketplace. OpenSea, a pioneer among NFT marketplaces, has set a precedent by opting to transition from the once-mandatory collection of resale fees to a system where these fees become optional "tips" for artists. This pivotal change is set to take effect in March 2024, signaling a departure from the traditional model of mandatory royalties.
OpenSea's strategic decision to shift from rigid enforcement of resale royalty fees to a more flexible tip-based approach is in direct response to the evolving realities of the crypto art market. The tumultuous nature of cryptocurrency markets and the unpredictable demand for NFTs have led to a seismic shift in fee structures across various platforms. This competitive environment has prompted marketplace leaders to reduce their trading fees, altering the landscape for artists and collectors alike.
The competition within the NFT marketplace has led to a reduction in trading fees, prompting platforms to reevaluate the enforcement of resale royalties. A prime example is Blur, a rising star in the NFT ecosystem, which has overtaken OpenSea in trading volume. Blur enforces a nominal 0.5 percent fee, significantly lower than the traditional 5 to 10 percent charged by creators. This shift underscores the malleability of fee structures and their alignment with market trends.
OpenSea's strategic pivot has sparked contrasting sentiments within the crypto art community. Detractors argue that the transition away from mandatory resale royalties jeopardizes artists' livelihoods and compromises their ability to manage relationships with buyers. For artists who had meticulously woven their business strategies around the assured income stream of enforced royalties, this shift raises concerns of financial disruption. Some express the sentiment that the fundamental essence of NFTs is being diluted.
OpenSea's stance, and the ensuing community response, offers an insight into the intricacies of a shifting landscape. OpenSea's CEO, Devin Finzer, asserts that the necessity for change arises from the ongoing transformation of the crypto art market. He emphasizes the importance of embracing innovation beyond a singular business model, creating avenues for artists to monetize their creations in novel ways. This vision of evolution seeks to redefine the boundaries of the NFT ecosystem and empower creators to chart their own paths.
As the NFT landscape matures, the discourse around royalty fees underscores the ever-evolving nature of the crypto art sector. OpenSea's transition from enforcing mandatory resale royalties to embracing optional tips marks a significant milestone in this journey. While critics raise concerns about the impact on artists' earnings and creative autonomy, advocates see it as a step toward adapting to the dynamic realities of the crypto art space. The future of NFTs and their role in the digital art world hinges on the industry's capacity to navigate these shifts while staying true to the principles that make NFTs unique in the world of finance and creativity.
]]>Significance of Seed Phrases: Estimates suggest that over a third of the current supply of Bitcoin is potentially lost or dormant, underscoring the need for robust security measures. Seed phrases serve as a critical security measure to recover lost or broken crypto wallets.
Debates on Solving the Problem: Industry experts have long debated how to address the issue of lost or dormant coins without compromising the self-custody aspect provided by the seed phrase standard. Wallet manufacturers have introduced seedless alternatives, but critics argue that they sacrifice autonomy and censorship resistance for convenience.
Wallet Manufacturers Competing for User Experience: As the crypto ecosystem expands, wallet manufacturers are vying to dominate the user experience in the Web3 world. Simple offline paper wallets are insufficient to meet the growing demand for smart contract functionality and enhanced security.
Risks Associated with Seed Phrases: Recent reports have exposed malware capable of stealing private keys from mobile wallets, highlighting the potential risks associated with seed phrases.
Navigating Safe Storage: The noisy debate surrounding seed phrases and increased complexity make it challenging for average users to determine the safest storage methods for their assets.
Understanding Seed Phrases: A seed phrase consists of 12 or 24 random words, serving as the essential data required to recover a lost or broken crypto wallet. It acts as a security measure for self-custodied digital assets.
Seed Phrases vs. Private Keys: Seed phrases and private keys are often used interchangeably, but they hold distinct functions. Private keys are alphanumeric strings used to approve transactions, while seed phrases enable wallet recovery.
Distrust of Centralized Entities: A significant driving force behind the push for self-custody is the growing distrust of the traditional banking system and centralized entities. Individuals seeking full ownership of their assets are motivated to explore alternative security measures.
Seed Phrases as Safety Boxes: Contrary to online banking, seed phrases cannot rely on tech support for identity verification and access restoration. An apt analogy is considering seed phrases as fire-resistant safety boxes whose effectiveness lies in the hands of the owner.
Seed Phrase Recovery Mechanism: The BIP39 (Bitcoin Improvement Proposal 39) standard is widely used for seed phrases. Wallet software converts the string of words into a binary seed, which then generates private keys and public address pairings.
Hierarchical Deterministic Structures: Wallet manufacturers utilize standards like BIP44 and BIP32 in conjunction with BIP39 to organize addresses derived from a seed phrase. This hierarchical deterministic structure ensures privacy and security by creating multiple key pairings.
Passcode and PIN Usage: Once users set up their wallet address and associated key pairings, they can access their wallet through passcodes or PINs, bypassing the need for the recovery seed phrase. This approach keeps private keys hidden from public view.
Importance of Backup Seed Phrases: If a user loses their device, the backup seed phrase becomes crucial for wallet recovery. Ideally, the seed phrase should be stored separately from the crypto wallet in a secure location.
Advantages of Seed Phrase Recovery: Seed phrase recovery provides full control over the security and accessibility of crypto assets. It allows for wallet recovery across compatible wallets, even if the original wallet manufacturer ceases operations.
Safeguarding Seed Phrases from Hackers: Proper offline storage is essential to protect seed phrases from hackers. Storing seed phrases on devices connected to the internet increases vulnerability, even if precautions like disconnecting from Bluetooth and Wi-Fi are taken.
Exploring Seedless Wallets: Seedless wallets offer an alternative approach to securing private keys. Instead of relying on a single seed phrase, these wallets utilize multi-party computation (MPC) or smart contract technology to distribute key generation and signing processes.
MPC Wallets and Threshold Signature Scheme (TSS): MPC wallets employ TSS, a cryptographic method that enables multiple parties or devices to generate and store a private key without a single point of failure. This approach enhances security and offers additional features compared to multisignature (multisig) wallets.
Enhanced Security and Key Rotation: Splitting the private key in MPC wallets reduces the risk associated with storing the entire key on a single device. MPC wallets allow for private key rotation, enabling the recreation of key shards without moving funds.
Potential Security Risks of MPC Wallets: While MPC wallets offer enhanced security, the level of protection can vary based on the implementation. Some attackers may exploit vulnerabilities, requiring attention to implementation details to ensure the best security practices.
Education and Decentralization: Both proponents and opponents of seed phrases agree that better education is needed. Understanding the complexities of seed phrase alternatives and the level of decentralization offered by different wallets is crucial for users to make informed choices.
Seed phrases play a pivotal role in securing self-custodied digital assets, providing users with control and ownership over their crypto holdings. However, the landscape of wallet security is evolving, with seedless alternatives and MPC wallets emerging as potential alternatives. Users must remain vigilant in their efforts to safeguard their assets and stay informed about the latest developments in wallet security to make educated decisions about their storage preferences.
]]>Ever since the filing was made by BlackRock on June 15, the stock of Coinbase (COIN) has rallied more than 30%. Moreover, in the premarket trading session on Thursday, the shares of the company rose an additional 2.5%. This filing by BlackRock carries immense significance, not only due to the involvement of one of the largest players in finance but also because it introduces a new market surveillance mechanism that crypto enthusiasts hope will gain regulatory approval. While Bitcoin futures ETFs have been approved in the past, there has been no green light yet for a fund that directly holds Bitcoin itself from the Securities and Exchange Commission (SEC).
Although Coinbase and Bitcoin have both witnessed an upward trajectory amid this wave of optimism for digital assets, Mark Palmer, an analyst from Berenberg, expressed caution in a note on Wednesday, suggesting that the enthusiasm surrounding Coinbase might be short-lived. Palmer has assigned a "Hold" rating to Coinbase with a price target of $39. On Wednesday, the shares closed above $70.
Palmer believes that investors who consider Coinbase as a potential investment in the increasing engagement of institutional players with the digital asset ecosystem should carefully evaluate the risks the company faces, as negative developments in the near future could potentially reverse the recent gains in the stock. The primary concern for Palmer stems from a lawsuit filed by the SEC against Coinbase, which poses a threat to the core business of the broker.
Berenberg, in its analysis, indicates that cease-and-desist orders regarding Coinbase's interest-bearing "staking" services, which have been a significant revenue generator for the broker, may be on the horizon. These services are currently under scrutiny by both the SEC and state regulatory bodies.
Coinbase has chosen not to comment on its financials, citing a quiet period leading up to its next quarterly earnings release. Palmer highlights that if Coinbase is compelled to halt its staking service, the potential loss of revenue would outweigh any benefits derived from its role as a custodian for the potential BlackRock ETF, which is still pending regulatory approval.
Palmer stresses the importance of conducting a thorough evaluation of the financial impact of Coinbase's custodian role, suggesting that it might not have as substantial an effect as some investors anticipate.
Given the concerns expressed by Palmer and the ongoing surge in Coinbase stock, prudent investors may find it worthwhile to exercise caution and carefully consider the potential risks before joining the current fervor surrounding the company.
]]>In the era of the digital economy and the development of cryptocurrencies, security and protection of digital assets have become crucial. In the world of cryptocurrencies, where the storage and protection of private keys represent the first and most important step, there needs to be a solution that offers security and trust. This is exactly what Трезор brings to the table, a leader in the field of hardware crypto wallets. With their advanced technological solutions and excellent reputation, Трезор provides the most secure gateway to the world of cryptocurrencies for Serbian investors and enthusiasts.
Enhancing Security and Control
When it comes to cryptocurrency security, Trezor is a driving force in the market. With their hardware crypto wallet, users gain full control over their private keys, allowing them to securely store their crypto assets. Trezor hardware wallets operate outside of online environments, making them impervious to hacking attacks and malware damage. Their advanced cryptography and security protocols ensure that only the owner has access to their funds, giving users complete control and responsibility over their crypto wallet.
Convenience and Accessibility
One of the most significant aspects of Trezor is its convenience and accessibility. With their user-friendly interface and intuitive design, Trezor wallets make it easy for users to manage their cryptocurrencies. Whether it's sending, receiving, or storing digital assets, Trezor simplifies the process, ensuring a hassle-free experience. Furthermore, Trezor supports a wide range of cryptocurrencies, providing users with the flexibility to manage multiple assets within a single wallet.
Peace of Mind with Backup and Recovery Options
Trezor understands the importance of backup and recovery options for cryptocurrency users. Accidents can happen, such as losing or damaging the hardware wallet. That's why Trezor offers robust backup and recovery features, including the generation of a recovery seed. This seed, a series of words, serves as a backup that allows users to restore their wallet and access their funds in case of any unforeseen circumstances. With Trezor, users can have peace of mind knowing that their digital assets are protected, even in the event of a hardware failure or loss.
Continuous Innovation and Community Support
Trezor remains at the forefront of technological advancements in the cryptocurrency industry. With a dedicated team of experts and developers, they continuously improve their products and security features to stay ahead of potential threats. Additionally, Trezor has a strong and supportive community of users, providing a platform for knowledge-sharing, updates, and insights. The Trezor community fosters an environment where users can learn, grow, and stay informed about the latest developments in the cryptocurrency space.
Conclusion
Trezor stands as the most reliable and secure gateway to the world of cryptocurrencies for Serbian investors and enthusiasts. With their advanced hardware wallets, emphasis on security, user-friendly interface, and continuous innovation, Trezor provides users with the peace of mind and control they need to navigate the cryptocurrency landscape confidently. Whether you are a seasoned investor or just starting your cryptocurrency journey, Trezor offers the ideal solution to safeguard your digital assets and ensure a seamless experience in the exciting world of cryptocurrencies.
]]>We are thrilled to bring to your attention an essential evolution taking place with one of our esteemed partners, Shift Crypto. In a strategic move to strengthen brand identification, they are embracing their flagship hardware wallet's name, the BitBox02, and are transitioning their brand name to BitBox. This shift is aimed at enhancing clarity and creating a more unified identity, minimizing any potential confusion when referring to their products.
Notable Alterations: Their online presence has been updated to reflect the new brand. Former domains shiftcrypto.ch and shiftcrypto.shop are now bitbox.swiss and bitbox.shop, respectively. Although the earlier domains will stay operational, acting as a testament to their legacy and redirecting to the new domains. Certain auxiliary domains, like shiftcrypto.support, will retain their original URLs for now.
When it comes to social media, BitBox is taking center stage, fostering brand uniformity across platforms. Wherever 'BitBox' is unavailable, 'BitBoxSwiss' will be adopted as their social media handle.
As part of this transition, their email addresses will also be revamped, migrating from @shiftcrypto.ch to @bitbox.swiss. Yet, to ensure continued communication, both old and new email addresses will remain functional for a while.
The company's legal name, Shift Crypto AG, is unchanged but will primarily be used for official documentation. In contrast, BitBox will be the face of most customer communications.
What Does This Mean for You?
BitBox02 Users: BitBox02 users need not worry as this transition will not affect the product usage in any way. Your hardware wallet continues to serve as usual. The only noticeable change would be during new device setup or updates. The URL bitbox.swiss/download now replaces shiftcrypto.ch/start and will serve for updates too.
Affiliates: During this transition, a redirect mechanism is set up to ensure the continued functionality of existing affiliate links. Affiliates have been individually contacted to update links to the new domain: bitbox.swiss/?ref=your-ref.
Partners and Resellers: BitBox is diligently reaching out to partners and resellers to keep them abreast of the updates and maintain seamless collaboration.
Support: Reach out to support@bitbox.swiss for any assistance. Their unwavering commitment to support remains intact, with the old support email also staying operational.
Why The Change?
The shift to the BitBox brand hinges on two fundamental factors: clarity and trust, and customer preference. Aligning the domain with the product name bolsters trust and eases user searchability, crucial for a security-focused company like BitBox. Additionally, the .ch extension in the previous domain was often misinterpreted, resulting in unwarranted trust issues.
The community's consistent referral to the company as BitBox also indicated a preference, prompting this alignment to enhance recognition and engagement.
In Conclusion:
This transition from Shift Crypto to BitBox marks an exhilarating phase for our partner. Through this alignment, they aim to deliver a more seamless and holistic experience to their users.
We extend our unwavering support during this transition and look forward to continuing to provide you with their industry-leading secure and user-friendly hardware wallets. For any queries or concerns regarding this change, feel free to connect with us.
Please note that the original article is hosted on shiftcrypto.ch domain as a security measure, ensuring that the transition is genuinely initiated by the BitBox team. You can verify this on their website.
Your trust is paramount, and we appreciate you being a part of the BitBox community!
]]>The debt ceiling, a self-enforced cap on the government's borrowing capacity, originated in 1917 as a financial safeguard to prevent the country from bankruptcy. Despite being raised 88 times since its inception, the limit has never resulted in a government debt default.
However, given the ongoing political discord in the U.S., the possibility of default seems disturbingly plausible. With Democrats favoring a substantial increase in the debt limit and Republicans pushing for a moderate one, the impasse persists. Additionally, Democrats suggest tethering the debt limit raise to spending cuts, a proposition Republicans vehemently resist.
Negotiations between the two parties have been fraught with tension and repeated standstills, amplifying the anxiety as the deadline draws nearer. Failing to strike a deal risks a government default on its debt, which could trigger disastrous economic events.
A government default could precipitate a significant financial crisis, undermining confidence in the U.S. government and driving up interest rates. Moreover, the resulting hostile borrowing environment could deter businesses from investing, eventually spiraling the economy into a recession, causing job losses, and curbing economic growth.
The repercussions of a U.S. default would not be confined to domestic boundaries but would cause a ripple effect in the global economy. As the world's largest economy and a substantial capital source, the U.S.'s default could cause a downward shift in global economic growth and job markets. It could also impede international businesses from securing loans and investing.
Therefore, the U.S. government must extend the debt limit to avert this potential catastrophe. A default would wreak havoc on economies worldwide. Democrats and Republicans must resolve disagreements and urgently raise the debt limit.
Apart from the economic repercussions, a government default could exacerbate political divisions within the country, making governance increasingly challenging. Additionally, it would tarnish the U.S.'s reputation as a trustworthy debtor.
Given the potentially catastrophic economic and political consequences, avoiding a default is imperative for the U.S. government. Therefore, a bipartisan agreement to raise the debt limit is a matter of utmost national urgency.
Further underlining the gravity of the U.S. debt ceiling issue, several additional risks to the global economy need to be considered:
A default would diminish the value of the U.S. dollar, making American goods and services costlier for other nations, thereby affecting the global economy negatively. It could lead to a surge in interest rates, making borrowing more expensive for businesses and ultimately dampening investment and economic growth. A loss of confidence in the U.S. government's ability to repay its debts would hamper its ability to borrow in the future, potentially disrupting the financing of government programs and economic stimuli. The U.S. debt ceiling issue poses a significant threat to the global economy. Democrats and Republicans must work together to extend the debt limit promptly for the well-being of their nation and the world.
]]>In the world of cryptocurrency, public communication is just as important as the technology itself. A single misstep can have a devastating impact on a company's reputation and bottom line.
Ledger, a hardware wallet maker, learned this lesson the hard way in May 2023. In an attempt to address concerns about the security of its products, Ledger published a blog post that was widely criticized for being condescending and dismissive. The company's CEO, Pascal Gauthier, later apologized for the tone of the post, but the damage was already done.
The incident highlights the importance of being mindful of how your words will be received when communicating with the public, especially in the world of cryptocurrency. In this space, where trust is already at a premium, any perceived slight can be magnified and have a lasting impact.
Ledger's Blunder
The Ledger blunder began on May 10, 2023, when the company published a blog post titled "Technically Speaking: On the Security of Ledger Hardware Wallets." In the post, Ledger addressed concerns that had been raised about the security of its products. These concerns were based on the fact that Ledger hardware wallets are capable of being updated with firmware updates. Some people had expressed concern that these firmware updates could be used to backdoor the devices and steal user funds.
In its blog post, Ledger attempted to address these concerns by explaining how the firmware update process works. The company stated that every firmware update must be manually approved by the user. Ledger also stated that the company has a strong security track record and that there is no evidence that any Ledger hardware wallets have ever been hacked.
However, Ledger's blog post did little to assuage the concerns of many users. The tone of the post was condescending and dismissive, and it seemed to imply that users were being paranoid for worrying about the security of their funds. This tone only served to further alienate users and make them more distrustful of Ledger.
The incident quickly went viral, and Ledger was soon facing a barrage of criticism from users and the media. The company's CEO, Pascal Gauthier, was forced to issue an apology for the tone of the blog post. However, the damage was already done. Ledger's reputation had been tarnished, and the company's stock price had taken a hit.
The Importance of Public Communication
The Ledger blunder is a reminder that even the most well-intentioned companies can make mistakes when it comes to public communication. However, by learning from their mistakes and taking steps to improve their communication strategy, companies can avoid similar incidents in the future.
Here are a few tips for companies that want to improve their public communication:
By following these tips, companies can improve their public communication and avoid making the same mistakes that Ledger did.
The Future of Cryptocurrency
The Ledger blunder is a setback for the cryptocurrency industry. However, it is important to remember that this is still a young industry, and there will be growing pains. As the industry matures, companies will learn from their mistakes and improve their public communication. This will help to build trust with users and investors, and it will help to ensure the long-term success of the cryptocurrency industry.
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I received the package in a simple envelope from Utah. The return address says Launch Fulfillment, and when I google the address, there is a company that does fulfillment located at that address called Launch Fulfillment. I assume that Tangem stores its wallets for the US in Utah and drop ships them as needed.
The package was a plastic envelope and when I opened it, there was the Tangem package. The box was sealed in plastic wrap. There were no security stickers. In theory the box could have been tampered with and I would not have known. You can reseal plastic wrap. There is a label on the box saying the item was made in Switzerland on July 2022.
I opened the package and pulled the Tangem Hardware Wallet out. It is a thin plastic card that looks like a credit card. It has NFC capabilities and communicates with your Android phone or your Ios phone using Near Field Communication.
When you first take the card to the phone, the phone will prompt you to download the app. You need the app to interact with the wallet. The wallet is stored on the NFC card and you use your phone to access it. Your phone does not touch your funds. Once you have funds in your wallet you should be able to connect your wallet to a different phone that also has the Tangem app. We haven't tried yet.
Our package came with three cards. I attached all of them to the same wallet. In theory, if I lose one of the cards, I can use the others to move the funds.
Unlike most of the wallets we sell, this wallet does not use bip39 seed recovery. There is no way to back this wallet up using stainless steel or aluminum. If you have all 3 cards near each other and you lose all of them, your funds will be gone.
We will go more in depth and publish some pictures. Our initial take is that this wallet is very cool and easy to use. We like the functionality of needing a NFC card so that your funds can't be taken from your wallet on your phone when you don't have the card on you.
This is a great way to move around small amounts of funds. When it comes to big money or savings, we prefer storing funds in a wallet that uses BIP39 and then recording the seed phrase on stainless steel.
]]>Creating a Watch Wallet Using Trust Wallet
Step 1: Download and Install Trust Wallet
To create a watch wallet using Trust Wallet, you first need to download and install the app on your mobile device. The app is available on both the App Store (for iOS devices) and Google Play Store (for Android devices).
To download Trust Wallet, simply open the app store on your device, search for "Trust Wallet," and click "Install" or "Get" to download and install the app.
Step 2: Create a New Wallet
Once you have installed Trust Wallet, open the app and select "Create a New Wallet" from the main menu. This will create a new cryptocurrency wallet for you to use.
Step 3: Set a Strong Password and Agree to the Terms of Use
To secure your wallet, you will need to set a strong password. Your password should be at least 8 characters long and include a mix of letters, numbers, and symbols.
After setting your password, you will need to agree to the terms of use. Take the time to read through these terms carefully to make sure you understand them.
Step 4: Write Down Your Recovery Phrase
Once you have set your password and agreed to the terms of use, Trust Wallet will generate a recovery phrase for your wallet. This recovery phrase is a set of 12 words that you can use to restore your wallet if you ever lose access to your device.
It is very important that you write down your recovery phrase and store it in a safe place. Do not share your recovery phrase with anyone, as it can be used to gain access to your wallet and steal your cryptocurrency.
Step 5: Add a Watch Wallet
After creating your wallet, click on the "Settings" icon in the bottom right corner of the screen. From there, select "Wallets" and then click on the "+" button in the top right corner.
Choose the cryptocurrency you want to add to your watch wallet. For example, if you want to create a watch wallet for Bitcoin, select Bitcoin from the list of supported cryptocurrencies.
Next, select "Watch Only" to create a watch wallet. A watch wallet is a read-only wallet that allows you to monitor your cryptocurrency balance without having to provide your private keys.
Step 6: Enter Your Public Address and Give Your Watch Wallet a Name
To create your watch wallet, you will need to enter the public address of your wallet. Your public address is a unique string of characters that identifies your wallet on the blockchain.
To find your public address, you can check the wallet or exchange where you hold your cryptocurrency. Look for an option to view your wallet address or to generate a new address.
Once you have your public address, enter it into Trust Wallet and give your watch wallet a name for easy identification.
Step 7: Click "Add" to Finish Creating Your Watch Wallet
After entering your public address and giving your watch wallet a name, click "Add" to finish creating your watch wallet. You can now view your watch wallet in Trust Wallet and monitor your cryptocurrency balance without having to provide your private keys.
Note that you will not be able to send cryptocurrency from your watch wallet, as you do not have access to the private keys. To send cryptocurrency, you will need to use a full-access wallet that allows you to enter your private keys.
Tangem is a leading company in the world of cryptocurrency, offering a unique approach to storing and using digital assets. Unlike traditional digital wallets, Tangem produces physical cryptocurrency wallets in the form of smart banknotes, which provide users with an added layer of security and convenience.
Tangem wallets are preloaded with a specific amount of cryptocurrency, and each smart banknote has a unique serial number that can be easily verified with a smartphone app. The wallets are designed to be used offline, making them ideal for situations where an internet connection may not be available.
One of the key benefits of Tangem wallets is their simplicity and ease of use. The wallets have a user-friendly interface that can be easily understood by both experienced and novice crypto users. The smart banknotes themselves have a variety of security features, such as a unique chip that stores the private key, making them tamper-proof and secure.
Tangem wallets are designed to be used as physical banknotes, meaning that they can be easily carried around in a wallet or purse, just like traditional banknotes. This makes them a great choice for individuals who prefer the security and convenience of physical wallets, rather than traditional digital wallets.
Another benefit of Tangem wallets is their portability. Because they are physical, they can be used in any situation where traditional digital wallets may not be accessible, such as in areas with poor internet connectivity or where electronic devices are prohibited.
In summary, Tangem wallets offer a unique and innovative approach to storing and using cryptocurrencies. They provide users with the security and convenience of physical wallets, combined with the convenience and flexibility of digital wallets. Whether you're an experienced crypto user or a novice, Tangem wallets are a great choice for anyone looking for a secure and reliable way to store and use digital assets.
]]>Understanding the Ordinal Theory for Satoshis
Bitcoin has revolutionized the financial world by enabling secure, decentralized, and borderless transactions without the need for intermediaries. Each bitcoin is divisible into 100 million satoshis, and the smallest unit of bitcoin is a satoshi. Ordinals are a unique numbering scheme for satoshis, allowing them to be tracked and transferred as individual sats.
Ordinals are assigned based on the order in which satoshis are mined, and each ordinal number represents a unique satoshi. The numbering system relies on order, as the satoshis are transferred from transaction inputs to transaction outputs on a first-in-first-out basis. The numbering scheme does not require a separate token, another blockchain, or any changes to Bitcoin, making it easily adoptable.
The ordinal numbering scheme provides several different representations of each satoshi, including integer notation, decimal notation, degree notation, percentile notation, and name notation. Each notation represents the ordinal number in a different way, with the degree notation providing an unambiguous representation of the ordinal number, making it easy to determine the rarity of a particular satoshi.
The rarity of a satoshi is determined by the periodic events of the Bitcoin network, which naturally lend themselves to a system of rarity. These periodic events include blocks, difficulty adjustments, halvings, and cycles. Each periodic event increases the rarity of the first satoshi of the block, difficulty adjustment period, halving epoch, and cycle, respectively. The first satoshi of the genesis block is considered the most mythic and is the rarest of them all.
The rarity of a satoshi can be easily determined using degree notation, with each degree representing a different periodic event. The degree notation provides a clear and concise representation of the ordinal number, making it easy to determine the rarity of a satoshi at a glance.
Ordinal theory is an open-source project developed on GitHub, consisting of a BIP describing the ordinal scheme, an index that communicates with a Bitcoin Core node to track the location of all satoshis, a wallet that allows making ordinal-aware transactions, a block explorer for interactive exploration of the blockchain, functionality for inscribing satoshis with digital artifacts, and a manual.
Arbitrary assets, such as NFTs, security tokens, accounts, or stablecoins, can be attached to satoshis using ordinal numbers as stable identifiers. The ordinal numbering scheme provides a unique and secure way to identify and track individual satoshis, making it a valuable addition to the Bitcoin network.
There are several websites that you can use to generate hashtags for Instagram and TikTok. Some of the most popular and well-regarded options include:
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Display Purposes (https://displaypurposes.com/): Provides a hashtag suggestion tool for Instagram and TikTok, as well as YouTube and Twitter.
These websites can help you identify popular and relevant hashtags for your content, making it easier for your posts to reach a wider audience. Keep in mind that it's important to use a mix of popular hashtags and more niche, targeted hashtags to reach your desired audience on Instagram and TikTok.
You can also ask ChatGPT to give you hash tags. If you tell it the point of your post, it can come up with suggested hash tags for social media. The data set being used is a little old so it may not know how popular the tags are at the moment it is giving you the answer but it is still a pretty easy way to get good tags. The text comes out formatted so I took it and pasted it without formatting into a word document and then from the word document, I can copy and paste it into my posts.
]]>QR (Quick Response) codes are two-dimensional barcodes that can be scanned by cameras and smartphones. They were first invented in 1994 by a subsidiary of Toyota in Japan for use in tracking parts during the manufacturing process. Here's how QR codes work:
QR codes are made up of black and white squares arranged in a grid pattern on a white background. Each square represents a binary digit (0 or 1).
The data to be encoded is broken down into binary form and added to the QR code. The position and color of each square represents a different bit of information.
When the QR code is scanned, the camera in the smartphone or QR code reader reads the pattern of black and white squares and converts it back into binary.
The binary data is then translated into human-readable form, such as a website URL, a phone number, or a text message.
QR code readers are widely available as smartphone apps and are usually free to download.
To create a QR code, you can use one of the many free QR code generator websites or apps available. Simply enter the information you want to encode, and the generator will create the QR code for you.
QR codes can be printed and displayed in various places, including flyers, business cards, and product packaging. When scanned, they provide a quick and convenient way for people to access information or perform an action, such as visiting a website or making a phone call.
In summary, QR codes allow for the storage and quick retrieval of information in a compact, easily scannable format.
You can use several websites to create QR codes. Some of the most popular and well-regarded options include:
We use https://www.qrcode-monkey.com/ when we need to generate QR codes. The website is currently free, and it generates QR codes that don't require a redirect. This means the QR will still work even if the QR Code Monkey goes down, and you will never have to pay to make them work.
These websites generally offer a user-friendly interface for creating QR codes and often include features such as custom design options, analytics tracking, and the ability to generate codes for v data types, such as website URLs, text messages, and contact information. You can choose the one that wou.
]]>Ethereum 2.0 (ETH 2.0) is the next major upgrade of the Ethereum network. The Ethereum network is facing challenges due to an increase in demand and high transaction fees. The Ethereum Foundation is working on the upgrade to improve the security, speed, efficiency, and scalability of the network, which will ultimately alleviate these bottlenecks.
One of the key components of the ETH 2.0 upgrade is the move from proof-of-work (PoW) to proof-of-stake (PoS). The PoS consensus mechanism allows for validators to validate transactions and secure the network by staking their ETH. Staking is the process of locking up a certain amount of ETH to participate in the network and validate transactions. Validators are selected randomly and are rewarded with interest on their staked ETH for their participation.
To become a validator, a user must stake 32 ETH. Validators are responsible for processing transactions, storing data, and adding blocks to the Beacon Chain, which is Ethereum's new consensus model. The Beacon Chain manages the validators and handles everything from registering stake contributions to awarding rewards and punishments.
Ethereum staking works by dividing stakers into "committees" of 128, randomly assigning them to a specific shard block. Each committee is given a slot and a set time to propose a new block and validate its transactions. A majority of the committee must attest to the transactions before the new block is added to the blockchain, and the staker who proposed the new block is rewarded.
The Beacon Chain collects state information from shards and distributes it to other shards, keeping the network in sync. Sharding is the process of dividing the Ethereum network into smaller parts, known as shards, each with its own state that includes account balances and smart contracts. Cross-linking is the process of reconciling the final state of each shard with the Beacon Chain.
In conclusion, ETH 2.0 staking is a crucial component of the Ethereum network upgrade, providing users with an opportunity to earn rewards for participating in the network and securing it. By staking their ETH, users can contribute to the network's security, speed, efficiency, and scalability.
]]>To create a Shamir Backup:
Decide on the number of shares and the number of shares required to reconstruct the secret.
Generate a random seed, typically 12 or 24 words, and split the seed into the specified number of shares using a Shamir Secret Sharing algorithm.
Store each share in a secure location, such as a physical safe or encrypted digital storage.
To use a Shamir Backup:
Retrieve the required number of shares.
Reconstruct the seed using the Shamir Secret Sharing algorithm and the retrieved shares.
Use the seed to recover the original secret.
Note: It is important to store each share securely and to not lose any of the shares, as it would make it impossible to reconstruct the secret.
To create a Shamir Backup with 2-of-3 shares, follow these steps:
Generate a secret: Choose a random string of characters, such as a phrase or a password, that you want to split into shares. This secret will be your backup data.
Split the secret: Use a Shamir Secret Sharing tool to split the secret into three shares, with a threshold of two shares required to reconstruct the secret. Each share will be a unique string of characters, and no share will contain the full secret on its own.
Store the shares: Store each share in a secure location, such as a password manager or a physical safe. It's important to keep each share separate and secure, as the secret can only be reconstructed if two of the three shares are available.
To use a Shamir Backup, you need to have at least two of the three shares. Follow these steps:
Obtain the shares: Retrieve two of the three shares that you stored.
Reconstruct the secret: Use a Shamir Secret Sharing tool to combine the two shares and reconstruct the original secret.
Use the secret: Use the secret as you would normally, such as to restore a wallet or access a secure account.
Note: Always make sure to store your shares in secure locations and keep them confidential, as anyone with access to two of the shares can reconstruct the secret.
A Shamir Sharing tool is a software that allows you to divide a secret into multiple parts, known as shares, using a technique called Shamir's Secret Sharing. This allows you to securely store the secret in multiple locations, and only by combining a minimum number of shares (in this case 2 of 3) can the secret be recovered. To use it without the internet, you would need to find a desktop or offline version of the tool, which can be found on various open-source platforms, such as GitHub. After downloading and installing the tool, you can follow the instructions provided to create the shares, store them securely, and recover the secret by combining the necessary number of shares.
To use the Shamir software, you need to follow these steps:
Note: You can use the Shamir software offline if you have it installed on your device.
]]>Daffy Charitable: Donate crypto through the Daffy mobile app to over 1.5 million organizations and have the funds received in cash.
Electronic Freedom Foundation (EFF): A non-partisan organization that champions user privacy, free expression, and innovation. Accepts Bitcoin, Bitcoin Cash, and Ethereum.
Freedom of the Press Foundation: Works to preserve and strengthen First and Fourth Amendment rights for the press. Accepts Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and ZCash.
GiveCrypto.org: A nonprofit founded by Coinbase co-founder Brian Armstrong that distributes cryptocurrency to people living in poverty. Accepts Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and USDC via Coinbase Commerce.
Greenpeace: Independent environmental campaigning organization that accepts Bitcoin.
Internet Archive: An organization that archives the internet and works with partners to identify important web pages. Accepts Bitcoin, Bitcoin Cash, Ethereum, XRP, and ZCash.
Human Rights Foundation: A non-partisan organization that promotes and protects human rights globally. Accepts Bitcoin and Ethereum.
Khan Academy: A non-profit that offers personalized learning experiences in various subjects. Accepts Bitcoin, Bitcoin Cash, Litecoin, and Ethereum.
Rainforest Foundation: Works to secure land rights for indigenous people and conserve rainforests. Accepts Bitcoin, Bitcoin Cash, Ethereum, and Litecoin.
The Reagent Project: Aims to match excess scientific equipment and reagents with under-resourced researchers. Accepts Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and USDC via Coinbase Commerce.
Red Cross: A global humanitarian network with a presence in almost every country. Accepts Bitcoin via Bitpay (note: Bitpay may charge a conversion fee).
Tor Project: Fights for private access to an uncensored internet and privacy rights. Accepts Bitcoin, Augur, Dash, Litecoin, Monero, Stellar Lumen, ZCash, and Ethereum.
The Water Project: A non-profit that provides reliable water projects to communities in sub-Saharan Africa. Accepts Bitcoin, Bitcoin Cash, Ethereum, Litecoin, and USDC via Coinbase Commerce.
United Way: A non-profit that works to improve the lives of individuals and communities worldwide. Accepts Bitcoin via Bitpay (note: Bitpay may charge a conversion fee).
An Ethereum domain is a custom, human-readable name (e.g. "myname.eth") that is associated with an Ethereum address. The domain can be used as a user-friendly address to receive and send payments, store and access data on the Ethereum network, and interact with decentralized applications (dApps). The ownership of an Ethereum domain is recorded on the Ethereum blockchain, ensuring that it is secure and tamper-proof.
ENS provides a convenient and secure way for individuals and organizations to interact with the Ethereum network and decentralized applications, making it easier to use and access Ethereum-based services and applications.
The ownership of the ENS (Ethereum Name Service) root node is currently held by a multi-sig contract that is managed by trusted individuals within the Ethereum community. These individuals are responsible for ensuring that the root node is maintained and used only for administrative purposes, such as the introduction of new top-level domains (TLDs) or emergency situations, such as a critical vulnerability in a TLD registrar.
The keyholders come from well-respected members of the community and are not affiliated with ENS, except for Nick Johnson, the founder of ENS. They are expected to act in the best interests of the ENS community, using their independent judgement, rather than blindly following requests from ENS developers.
As the owner of a node can change the ownership of its subnode, the owner of the root node has the power to modify any node within the ENS system. This means that the keyholders have the ability to replace the contracts that manage domain registration and issuance, giving them complete control over the structure of the ENS system and the registered names within it. However, the root keyholders have locked the control of the .eth registrar contract, meaning that they cannot affect the ownership of .eth domains.
The keyholders have the following powers:
In the future, the plan is to gradually reduce and decentralize human control over the ENS system. Powers that are currently held by the ENS root, such as setting domain pricing and renewal conditions, will be decentralized as more robust systems become available.
]]>Here are some popular Ethereum L2 solutions:
Optimism: Optimism is a Layer 2 scaling solution that uses a system of smart contracts and optimistic virtual machines to reduce the amount of data that needs to be stored and processed on the Ethereum network.
ZK Rollups: ZK Rollups use zero-knowledge proofs to package multiple transactions into a single, encrypted, and validated bundle that can be processed off-chain.
Validity: Validity is an Ethereum Layer 2 scaling solution that uses sharding to increase the network's transaction processing capacity.
Loopring: Loopring is a Layer 2 scaling solution that uses zk-rollups to execute trades off-chain, thereby reducing the burden on the Ethereum network and increasing its overall capacity.
Each solution has its own unique set of trade-offs, including the speed and cost of transactions, security, and overall functionality. The best solution depends on the specific use case and requirements of the project or user.
Optimism: Optimism is a Layer 2 scaling solution that uses a system of smart contracts and optimistic virtual machines to reduce the amount of data that needs to be stored and processed on the Ethereum network. The solution enables users to create "optimistic" transactions that are processed and validated off-chain, reducing the burden on the Ethereum network and increasing its overall capacity. The data from these transactions is then bundled and submitted to the Ethereum network for final validation and settlement. Optimism also provides users with a way to revert transactions in case of a failure, providing a higher level of security and reliability.
ZK Rollups: ZK Rollups use zero-knowledge proofs to package multiple transactions into a single, encrypted, and validated bundle that can be processed off-chain. The zero-knowledge proofs provide a cryptographic guarantee that the data in the bundle is valid, enabling the rollup to be processed off-chain without sacrificing security. By processing transactions off-chain, ZK Rollups reduce the burden on the Ethereum network and increase its overall capacity. In addition, ZK Rollups enable users to transact with lower fees and faster confirmation times, making them a popular choice for decentralized exchanges and other high-volume use cases.
Validity: Validity is an Ethereum Layer 2 scaling solution that uses sharding to increase the network's transaction processing capacity. Sharding is a technique that enables the network to process transactions in parallel, reducing the amount of data that needs to be processed by each node and increasing the overall speed and efficiency of the network. Validity also provides users with a way to revert transactions in case of a failure, providing a higher level of security and reliability. The solution is designed to be scalable, efficient, and flexible, making it well suited for a wide range of use cases.
Loopring: Loopring is a Layer 2 scaling solution that uses zk-rollups to execute trades off-chain, thereby reducing the burden on the Ethereum network and increasing its overall capacity. Loopring is designed to be a fast, low-cost, and secure solution for decentralized exchanges and other high-volume use cases. The solution enables users to trade tokens and assets without having to wait for transactions to be processed on-chain, increasing the overall speed and efficiency of the network. In addition, Loopring provides users with a way to revert transactions in case of a failure, providing a higher level of security and reliability.
In conclusion, each Ethereum L2 solution has its own unique set of advantages and trade-offs. While Optimism provides a way to revert transactions and validate them off-chain, ZK Rollups provide a faster, lower-cost solution for high-volume use cases. Validity uses sharding to increase the network's transaction processing capacity, while Loopring uses zk-rollups to execute trades off-chain. The best solution depends on the specific use case and requirements of the project or user. It is important to thoroughly evaluate each solution and consider all the trade-offs before making a decision.
]]>With sharding, each shard processes a portion of the network's transactions, allowing the network to handle more transactions per second and reducing the load on individual nodes. This results in a more efficient and scalable network, as well as faster transaction processing times.
In the context of Ethereum, sharding is a key part of the upcoming Ethereum Shanghai upgrade, and is expected to bring increased capacity, faster transaction processing, and improved network efficiency to the Ethereum network. It represents a major step forward for the Ethereum blockchain, and is critical for supporting the growing demands of decentralized applications (dApps) and decentralized finance (DeFi) platforms.
Sharding is a key component of Ethereum 2.0 and is expected to bring a number of benefits to the network. Some of the key ways in which sharding will help Ethereum 2.0 and benefit the network include:
Increased capacity: Sharding will allow the Ethereum network to process more transactions per second, handle larger loads, and accommodate the growing demand for decentralized applications (dApps) and decentralized finance (DeFi) platforms. This will be accomplished by dividing the network into smaller shards, each of which will be able to process a portion of the network's transactions independently.
Faster transaction processing: By breaking up the network into smaller pieces, each shard will be able to process transactions more quickly, resulting in faster overall transaction processing times. This will be especially beneficial for dApps and DeFi platforms that require fast and efficient transactions to function effectively.
Improved network efficiency: Sharding will reduce the load on individual nodes, making the network more efficient and reducing the risk of bottlenecks or other performance issues. This will result in a smoother and more reliable network, and will make it easier for users to interact with dApps and participate in DeFi activities.
Enhanced security: Sharding will help to improve the overall security of the Ethereum network, providing additional layers of protection and reducing the risk of attacks or other security incidents. This will be critical as the network continues to grow and evolve, and will help to ensure that Ethereum remains a secure and stable platform for decentralized applications and financial transactions.
Examples of how sharding will benefit the Ethereum network include:
Decentralized exchanges: Sharding will allow decentralized exchanges to handle more trades and support more users, making it easier for users to buy and sell cryptocurrencies and other assets.
Decentralized finance (DeFi) platforms: Sharding will make it faster and easier for users to participate in DeFi activities such as lending, borrowing, and trading. This will help to drive the growth of the DeFi sector, and will provide users with more investment opportunities and financial services.
Gaming and entertainment dApps: Sharding will make it possible for gaming and entertainment dApps to handle more users and support more complex interactions, resulting in a better overall user experience.
Overall, sharding will be a major benefit for Ethereum 2.0 and the entire Ethereum network, helping to support the growth and evolution of decentralized applications and financial platforms.
]]>Some of the key security improvements included in the Ethereum Shanghai upgrade include:
Improved fraud detection and prevention measures: The upgrade will introduce new technologies and algorithms designed to detect and prevent fraudulent activity on the network.
Enhanced security of the consensus mechanism: The transition to the Proof-of-Stake (PoS) consensus mechanism in the Ethereum Shanghai upgrade will provide a more secure and stable network, as validators are incentivized to act honestly and are punished for any malicious behavior.
Improved network security: The introduction of the Beacon Chain and sharding will help to improve the overall security of the network, providing additional layers of protection and reducing the risk of attacks or other security incidents.
Overall, the enhanced security measures in the Ethereum Shanghai upgrade will help to ensure the security and stability of the Ethereum network, making it better equipped to handle the growing demands of decentralized applications (dApps) and decentralized finance (DeFi) platforms.
]]>Each shard will be able to process transactions and maintain its own blockchain, allowing the Ethereum network to handle a much larger load and process transactions more quickly. This increased scalability will be critical as the demand for decentralized applications (dApps) and decentralized finance (DeFi) platforms continues to grow.
The implementation of sharding in the Ethereum Shanghai upgrade will also bring a number of key benefits, including:
Increased capacity: With sharding, the Ethereum network will be able to process more transactions, handle larger loads, and accommodate the growing demand for dApps and DeFi platforms.
Faster transaction processing: By breaking up the network into smaller shards, each shard will be able to process transactions more quickly, resulting in faster overall transaction processing times.
Improved network efficiency: Sharding will help to reduce the load on individual nodes, making the network more efficient and reducing the risk of bottlenecks or other performance issues.
Overall, the introduction of sharding in the Ethereum Shanghai upgrade represents a major step forward for the Ethereum blockchain, providing users with increased capacity, faster transaction processing, and improved network efficiency.
]]>To address these issues, the Ethereum Shanghai upgrade will introduce a new consensus mechanism known as Proof-of-Stake (PoS). The PoS mechanism operates by requiring validators to hold a stake, or deposit, of Ethereum in order to participate in the validation process. This deposit serves as collateral, incentivizing validators to act honestly and helping to ensure the security and stability of the network.
The transition to the PoS consensus mechanism in the Ethereum Shanghai upgrade will bring a number of key benefits, including:
Increased energy efficiency: The PoS mechanism is much less resource-intensive than the PoW mechanism, consuming significantly less energy and computational power.
Improved security: The PoS mechanism provides a more secure and stable network, as validators are incentivized to act honestly and are punished for any malicious behavior.
Faster transaction processing: The PoS mechanism is faster and more efficient than the PoW mechanism, allowing for faster processing of transactions and increased scalability for the Ethereum network.
Overall, the transition to the PoS consensus mechanism in the Ethereum Shanghai upgrade represents a major step forward for the Ethereum blockchain, providing users with improved energy efficiency, security, and scalability.
]]>The Beacon Chain is designed to be a highly efficient and secure component of the Ethereum 2.0 network, providing a number of key benefits over the current Ethereum 1.0 system. These benefits include:
Improved scalability: The Beacon Chain will allow for the implementation of sharding, which will increase the network's ability to process transactions and handle larger loads.
Enhanced security: The Beacon Chain will also provide a number of security improvements, including improved fraud detection and prevention measures, helping to ensure that the network remains secure and resistant to malicious attacks.
Better network coordination: The Beacon Chain will serve as a central hub for the Ethereum 2.0 network, providing a single point of coordination for all nodes and helping to ensure that the network operates smoothly and efficiently.
Overall, the introduction of the Beacon Chain in the Ethereum Shanghai upgrade represents a major step forward for the Ethereum blockchain, providing users with improved performance, scalability, and security.
]]>The Ethereum Shanghai upgrade, also known as Ethereum 2.0 Phase 1, is planned to take place in Q1 of 2023. The proposed timeline and key changes for Ethereum Shanghai are:
Beacon Chain Upgrade: Introduction of the new Beacon Chain, which will serve as the central coordination hub for the Ethereum 2.0 network.
PoS Consensus Algorithm: Transition from the current Proof-of-Work (PoW) consensus mechanism to the more efficient Proof-of-Stake (PoS) consensus algorithm.
Sharding: Introduction of sharding, which will increase the network's scalability and allow for faster processing of transactions.
Increased Security: The upgrade will introduce a number of security improvements, including increased fraud detection and prevention measures.
The Ethereum Shanghai upgrade is expected to significantly improve the Ethereum blockchain's performance, scalability, and security, making it better equipped to handle the growing demands of decentralized applications (dApps) and decentralized finance (DeFi) platforms.
]]>Coingecko is a popular cryptocurrency data and research website that provides a wide range of information on various digital assets. From historical price data and market capitalization to community growth and developer activity, Coingecko offers a comprehensive overview of the crypto market. But what is the history behind this platform and who are the founders behind it? In this article, we will take a closer look at Coingecko, its origins, and its business model.
Coingecko was founded in April 2013 by TM Lee and Bobby Ong. Both Lee and Ong were avid cryptocurrency enthusiasts who saw a need for a comprehensive data platform that could provide accurate and up-to-date information on the rapidly growing crypto market. They launched Coingecko as a side project while they were still working full-time jobs, but as the platform gained popularity, they eventually decided to work on it full-time.
The initial version of Coingecko was a simple website that provided basic information on the top 10 cryptocurrencies by market capitalization. However, as the crypto market continued to evolve, so did Coingecko. The team began to add more features and data points, such as community growth metrics and developer activity, to provide a more comprehensive view of the market. Today, Coingecko is one of the most popular cryptocurrency data websites, with millions of users visiting the site every month.
One of the key features that sets Coingecko apart from other cryptocurrency data websites is its use of a proprietary algorithm to calculate the "Coin Gecko Score". The Coin Gecko Score is a metric that takes into account various factors such as community growth, developer activity, and liquidity, to provide a more holistic view of a digital asset's overall health and potential. This metric has become a popular tool for traders and investors to use when evaluating digital assets.
Coingecko's business model is based on generating revenue through advertising and affiliate partnerships. The website offers a range of advertising options, including banner ads and sponsored content, which are available to companies and projects in the crypto space. Coingecko also has affiliate partnerships with various exchanges and wallets, which allows them to earn a commission on any users who sign up through their referral link.
Coingecko also has its own API that can be integrated with other platforms, such as wallets and exchanges, to access the historical data and Coin Gecko Score of different assets, this API is also a source of revenue for the company.
In recent years, Coingecko has continued to expand its offerings and improve its platform. The team has added new data points, such as on-chain data, and has also launched new products, such as a portfolio tracking tool and a mobile app. Coingecko also continues to expand its international reach, with local language versions of the website now available in multiple languages.
In conclusion, Coingecko is a leading cryptocurrency data and research website that provides a wide range of information on various digital assets. Founded in 2013 by TM Lee and Bobby Ong, the platform has grown significantly over the years to become one of the most popular crypto data websites. Coingecko's unique algorithm, the Coin Gecko Score, provides a more comprehensive view of digital assets and is a valuable tool for traders and investors. The company generates revenue through advertising and affiliate partnerships and continues to expand its offerings and improve its platform. With the growing interest in cryptocurrency, it is likely that Coingecko will continue to be a valuable resource for the crypto community in the years to come.
OpenAI (https://openai.com/)
Google AI (https://ai.google/)
DeepMind (https://deepmind.com/)
IBM Watson (https://www.ibm.com/watson)
NVIDIA AI (https://www.nvidia.com/en-us/deep-learning-ai/)
AWS AI (https://aws.amazon.com/ai/)
Microsoft AI (https://www.microsoft.com/en-us/ai)
Decentraland is a virtual reality platform built on the Ethereum blockchain. One of the most exciting features of Decentraland is the ability for users to create and build their own scenes within the virtual world. This is where the Decentraland Scene Builder comes in.
The Decentraland Scene Builder is an online tool that allows users to create and design their own scenes within the virtual world. It's user-friendly interface and drag-and-drop functionality make it easy for anyone to use, regardless of their technical background or experience.
One of the most unique aspects of the Decentraland Scene Builder is its use of blockchain technology. All scenes created within the platform are stored on the Ethereum blockchain, ensuring that they are secure, transparent, and tamper-proof. This also means that users have full ownership and control over their scenes and can monetize them by allowing others to access or use them.
Another exciting feature of the Decentraland Scene Builder is the ability to import and use 3D models. This opens up endless possibilities for users to create highly detailed and intricate scenes within the virtual world. Users can import 3D models from popular software such as Blender or Sketchup, or they can purchase pre-made models from the Decentraland Marketplace.
The Decentraland Scene Builder also allows users to add interactive elements to their scenes, such as buttons, animations, and even games. This means that users can create fully immersive experiences for others to enjoy within the virtual world. Additionally, users can also add music and sound effects to their scenes, making them even more engaging.
One of the most popular use cases for the Decentraland Scene Builder is creating virtual real estate. Users can create their own virtual plots of land within the virtual world and then build their own scenes on them. These virtual plots of land can then be bought, sold, and traded just like physical real estate. This has led to the creation of virtual neighborhoods and even virtual cities within the Decentraland world.
Another popular use case for the Decentraland Scene Builder is creating virtual experiences and events. Users can create scenes for virtual concerts, festivals, and even conferences. This has the potential to revolutionize the way we experience events and opens up new opportunities for businesses and organizations to engage with their audiences in a virtual setting.
The Decentraland Scene Builder is a powerful tool that allows users to create and build their own unique experiences within the virtual world. Its use of blockchain technology ensures that users have full ownership and control over their creations, and its drag-and-drop functionality makes it easy for anyone to use. The ability to import 3D models and add interactive elements opens up endless possibilities for creating immersive and engaging scenes within the virtual world. Whether you're looking to create virtual real estate or host virtual events, the Decentraland Scene Builder has something for everyone.
In conclusion, the Decentraland Scene Builder is a powerful tool that allows users to create their own unique experiences within the virtual world. Its user-friendly interface, drag-and-drop functionality, and blockchain technology make it easy for anyone to use. The ability to import 3D models, add interactive elements and monetize the scenes, make it a versatile tool for creating virtual real estate, hosting virtual events and much more. As the platform continues to grow and evolve, the Decentraland Scene Builder will only become more powerful and versatile, providing even more opportunities for users to create and build within the virtual world.
Ledger Wallet: Ledger Wallet is a French company that offers a range of hardware wallets for storing and managing cryptocurrency. Their website is https://www.ledger.com/. You can download their app from the Ledger Live App store for both iOS and Android. The development team behind Ledger Wallet is made up of experienced security experts and engineers. Ledger Wallet's GitHub repository is https://github.com/LedgerHQ.
Trezor Wallet: Trezor Wallet is a Czech company that offers a range of hardware wallets for storing and managing cryptocurrency. Their website is https://trezor.io/. You can download their app from the Trezor Wallet App store for both iOS and Android. The development team behind Trezor Wallet is made up of experienced security experts and engineers. Trezor Wallet's GitHub repository is https://github.com/trezor.
Exodus Wallet: Exodus Wallet is a desktop wallet that is available for Windows, Mac, and Linux. Their website is https://www.exodus.io/. The development team behind Exodus Wallet is made up of experienced software engineers and designers. Exodus Wallet's GitHub repository is https://github.com/exodusmovement.
MyEtherWallet (MEW): MyEtherWallet is a free, open-source, client-side interface for creating and managing Ethereum wallets. Their website is https://www.myetherwallet.com/. The development team behind MEW is made up of experienced blockchain developers and security experts. MyEtherWallet's GitHub repository is https://github.com/MyEtherWallet.
MetaMask: MetaMask is a browser extension that allows users to interact with the Ethereum blockchain, manage their wallets, and run decentralized apps. Their website is https://metamask.io/. The development team behind MetaMask is made up of experienced blockchain developers and designers. MetaMask's GitHub repository is https://github.com/MetaMask.
It is important to note that while these companies have a good reputation, and have been around for a while, as with any software, it is always a good idea to verify the authenticity of the company, and the software that you are downloading, and to always keep your device and software updated, as well as using strong passwords and two-factor authentication for added security.
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