Bitcoin & cryptocurrency news

What Ethereum 2.0 Looks Like As Vitalik Buterin Celebrates Its Birthday

ETH, ETH 2.0, Ethereum, News, Vitalik Buterin3 Comments
The Ethereum 2.0 upgrades of the consensus layer built by multiple teams in the ecosystem promise to bring a “more scalabe, more secure, and more sustainable Ethereum”, and now Vitalik Buterin celebrates 1 year since the proof-of-stake Beacon Chain went live. Eth2 or Serenity aims to “support 1000s of transactions per second” so the high gas fees problem can be solved. The Beacon Chain, one of  Ethereum 2.0’s distinct sections, has allowed users to be Eth2 validators by staking Ethereum, reportedly earning up to 10% annually, diminishing miners for transaction validation, and adding new blocks. Ben Edgington, the lead product owner of the Teku Eth 2.0 client, had explained that “Slashing penalties were reduced at the start of the Beacon Chain to increase stakers’ confidence. Now that we are all much more comfortable with staking, penalties are gradually being increased towards their ‘crypto-economically correct’ values.” The August update in the London hard fork proceeded to implement EIP-1559, changing the transaction fee system. Like so, the ETH burning started, which now sees a total of 353,615.10 ETH burnt during the past 30 days with a burn rate of 8.19 ETH/min. The general expectation is that if ETH supply gets limited, its price will likely increase. Related Reading | Over 1 Milllion ETH Has Been Burned Since Ethereum EIP-1559 Eth 2.0 Roadmap At The Beacon Chain’s Birthday The next stage, The Merge, is possible to happen around May or June next year if the code is completed by February. This will ‘merge’ the Beacon Chain into the mainnet. As it has been explained, it is meant to finalize the transition to PoS, “Ethereum’s history on the PoW network will be preserved as the PoS consensus layer is merged in as a replacement for PoW.” Tim Beiko stated that “the Arrow Glacier upgrade is scheduled for block 13,773,000, which is expected on December 8, 2021”, and called for users to upgrade their nodes. He expects the Kintsugi devnet to go live early this month, this is intended to “implement a release candidate design for The Merge”, which would be followed by “testing, risk management, and governance”. Both Beiko and Edgington have said that Ethereum devs are mainly focused on the Eth2 final steps. The move to proof-of-stake will not immediately provide any significant extra throughput to the Ethereum chain, so I don’t expect it to have a measurable effect on gas prices. The scalability strategy in Ethereum now revolves around layer-two solutions like the various roll-ups that are currently being deployed. Once The Merge is done, we will focus on providing data shards within the Ethereum protocol that will allow roll-ups to scale massively. Project lead of Obol Labs, Collin Myers, was glad to see Distributed Validator Technology (DVT) “on the top” of Vitalik’s Eth2 roadmap, and explained it as a new infrastructure that enables “Active-Active redundancy across Eth2 infrastructure deployments”, and suggested “a world where validator key theft becomes nearly impossible due to applied cryptography”. We believe a more resilient Ethereum can be realized through a collaborative infrastructure protocol that protects against the disappearance of a few network operators. DVT can an enable this by allowing a group of network operators to act as one single validator together – something we like to call a multi-operator validator. Related Reading | Ethereum Rallies 5%, Why ETH Could Surge To New ATH Above $5K  

Calls For Tesla To Resume Bitcoin Payments As Mining Reaches 57% Renewable Energy

Bitcoin, Bitcoin mining, btc, Mining, News, tesla24 Comments
Bitcoin mining energy consumption has been one of the most addressed issues in the crypto space. Concerns over its energy consumption and environmental impact had been reasons cited during the China crackdown that saw miners exit out of the region en masse. The once bitcoin mining capital of the world had seen its hashrate crumble to zero following this move. Automotive manufacturer Tesla had also cited the same reasons when it had removed BTC payments option for its electric vehicles after implementing barely two months earlier. According to CEO Elon Musk, the EV manufacturer planned on implementing BTC payments again but the catch was that bitcoin mining would have to reach at least 50% clean energy. Related Reading | Croatia’s Largest Supermarket Chain Rolls Out Bitcoin Payments Bitcoin Mining Crosses 57% Renewable Energy The Bitcoin Mining Council which had been formed in June has been dedicated to tracking and reporting mining activities in the space. One of those has been the renewable energy usage in mining. The council which is made up of a network of bitcoin miners first reported in Q2 of 2021 that bitcoin mining activities had surpassed 50% renewable energy. In October, the council had once again released a report addressing the energy consumption of mining activities. The Bitcoin Mining Council reported that renewable energy usage had gone up in Q3, touching at 57.7% renewable energy. These numbers have evidently surpassed the threshold that Tesla CEO Elon Musk had set back in June as a prerequisite for resuming BTC payments. This is inaccurate. Tesla only sold ~10% of holdings to confirm BTC could be liquidated easily without moving market. When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions. — Elon Musk (@elonmusk) June 13, 2021 BTC crashes to $55K | Source: BTCUSD on TradingView.com Calls For Tesla To Resume BTC Payments Taking to Twitter, BTC supporters had called on Elon Musk to review his statement regarding BTC transactions for Tesla vehicles. Data from the Bitcoin Mining Council’s report had been quoted by others to show that mining activities are now being powered by more than 50% clean energy. Confirmed. Your move @ElonMusk 🤔 pic.twitter.com/1c0TtKg1Ow — Bitcoin Archive 🗄🚀🌔 (@BTC_Archive) December 1, 2021 Others, however, have questioned the credibility of the numbers provided by the council. Pointing out information from the press release that said 33% of the global bitcoin network had taken part in the survey. Another user said that there was no way to get reliable data using paper surveys. Rather energy audits would need to be carried out to determine what percentage of energy is clean energy. Related Reading | SEC Boss Acknowledges That Bitcoin Is A Competitor For U.S. Banking System There is no doubt that Tesla resuming BTC transactions would be positive for the market. The first time the automotive manufacturer had implemented crypto payments had sent the price of BTC surging. Elon Musk – or Tesla, is yet to address the issue of reinstating BTC payments despite the two reports from the Bitcoin Mining Council showing that mining has now crossed 50% clean energy. Featured image from Ledger Insights, chart from TradingView.com

Bitcoin & cryptocurrency news

IOTA to Release Smart Contract Network ‘Assembly’ And Distribute ASMB Token

Blockchain, Crypto, Cryptocurrency News, IOTA, News, smart contracts15 Comments
The ledger IOTA aims to become “a fully decentralized, feeless multi-asset ledger” by launching Assembly in 2022, a governance layer one for permissionless smart contracts, along with the native token ASMB that will open the doors for the network’s main stakeholders, who would be democratizing Assembly. IOTA’s founders say the ledger is a “public permission-less backbone for the Internet of Things that enables interoperability between multiple devices.” It aims to provide decentralized transactions accessible for everyone, without the need for miners or blocks, offering solutions for the cost fees, increasing scalability, and staying secure by using the Tangle network. As the Shimmer network was released only two weeks ago along with its own token -with real monetary value, most likely to be traded on crypto exchanges- to stake, some skeptical users questioned the actual need for Assembly, but enthusiasts have compared to a scalable Ethereum without imposed fees. Smart contracts will be allowed to run for free, but there is an option to put a price when high computing power is needed, in which cases supply and demand will determine prices. Smart contract chains can be fully run from Assembly’s own network, which is the reason for all activities to be anchored to the IOTA Tangle to provide trust by “making them fully immutable and secure”. Related Reading | IOTA Smart Contracts Enter Beta Phase To Circumvent Network Flaws The Staking Of Assembly (ASMB) Token Proof of Stake also works to provide trust. As a decentralized network, of course, Assembly has no central system to reach if a user requires assistance, so staking comes to play as a wide community is meant to be built through the ASMB token, with members who care about the safety and maintenance of the network: validators. If validators do not play the role of making sure the rules are followed, they get penalized. Just as well, playing by the rules generates revenue for validators in form of more tokens. All that is required to deploy smart contract chains or become a validator is to run a node or own “a small amount” of the ASMB token “to stake as a security deposit”. The ASMB token will have “70% going to the community”. In the beginning, tokens will be created during a 90-day period when users will be able to “stake IOTA tokens in order to earn ASMB tokens.” -by locking IOTA on the Firefly wallet-, then tokens will be able to get claimed for free, and there will be a period 2 years for users to get their staking rewards. 20% of the initial token supply will go to IOTA holders. Afterward, there will be more staking periods for the ASMB token distribution. Assemble was further described by Dominik Schiener, IOTA’s co-founder, as: A fully decentralized, permissionless network. It’s an extension of the Smart Contracts framework (live in Beta), and adds a validator pool, the ASMB token, staking and slashing. Anyone can deploy fully sharded smart contract networks on Assembly, while benefitting from the shared security, trustless interoperability, and feeless transactions. No more bridges, relays or M-of-N multisigs. We’re here to connect smart contracts. … What makes Assembly so unique is that you can customize fees and incentives. He also stated the Assembly’s journey is only starting and they will be sharing more details on the Builders Program and the support that teams building on Assembly and IOTA will receive. “Hint: It involves a lot of financial support”, he said. Related Reading | How IOTA Could Reach $1B In Tokens Locked Before Chrysalis 2.0

Bitcoin & cryptocurrency news

Coinbase to acquire leading cryptographic security company, Unbound Security

coinbase, coinbase-news, News, Security13 Comments
  • Acquisition further underlines Coinbase’s commitment to providing the safest, most secure and most trusted venue for anyone to interact with the cryptoeconomy
  • Unbound’s best-in-class multi-party-computation expertise will play a foundational role in Coinbase’s product and security roadmap
  • With the acquisition of Unbound Security, Coinbase will establish a tech center of excellence in Israel, one of the world’s most advanced technology hubs

From its earliest days, Coinbase has focused on protecting our customer’s assets with the strongest, most sophisticated security technology in the world. Over time, our approaches have evolved, but our objective has always been the same: to provide the safest, most secure and most trusted venue for anyone to interact with the cryptoeconomy.

Today, we’re announcing the next phase of our security journey with the acquisition of Unbound Security. Based in Israel, it is a pioneer in a number of cryptographic security technologies, including the emerging field of secure multi-party computation (MPC), a highly advanced technology for which Unbound Security’s co-founder, Yehuda Lindell, is a world leader. With this acquisition, Coinbase not only gains access to some of the world’s most sophisticated cryptographic security experts, including Unbound Security co-founder and current Vice President of Research and Development, Guy Peer, who brings more than 20 years of experience in cryptographic security, but also a presence in Israel, a well-established and rapidly growing technology hub. This presence in Israel will add an additional powerful prong to Coinbase’s global talent acquisition strategy, following on closely to recent thrusts into engineering talent bases such as India, Singapore and Brazil.

Crypto can’t grow without strong cryptography and strong security, but it also needs to be user friendly. Secure multi-party computation is an application of advanced mathematics to enable crypto assets to be stored, transferred and deployed more securely, easily and flexibly than ever before.

The cryptoeconomy is growing exponentially with myriad new use cases such as staking, DeFi, DAOs and NFTs. Unfortunately so are the threat vectors and complexities for participants to safely manage their crypto private keys. Technologies such as MPC will enable these groundbreaking use cases to come to life safely, securely and in a way that’s user friendly. MPC will deliver on this by protecting our customers’ assets with a technique that provides the virtually impenetrable nature of cold, offline storage, with the frictionless convenience of hot, online wallets. Over time MPC capabilities will enable new features across our consumer, institutional and cloud products to participate in the cryptoeconomy.

In addition to the technological expertise that we will gain through this acquisition, we also plan to establish a tech center of excellence in Israel that will ensure that Coinbase is always at the bleeding edge of security and blockchain technology. We’ve long recognized Israel as a hot bed of strong technology and cryptography talent, and are excited to continue to grow our team with some of the best and brightest minds in these fields. The Unbound Security team will form the nucleus of this new research facility, which we plan to grow over time.

We’re always proud to welcome top talent to Coinbase and the Unbound Security team represents the very best expertise in its field. We look forward to working with them over time to move the entire state of cryptographic security forward and to continue delivering the highest levels of security to our customers. Please join us in welcoming the team to Coinbase.

This acquisition is subject to customary closing conditions and is expected to close in the coming months.

Coinbase to acquire leading cryptographic security company, Unbound Security was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Bitcoin & cryptocurrency news

Cardano Project Flickto Surpasses 1.5 Million ADA Staked One Month After Launch

Company News, News2,838 Comments
Flickto has seen tremendous success since its first launch on Nov 1st. The number of delegates on the platform has grown rapidly, as has the volume of ADA staked. Less than one month after launch, more than 1.5 ADA has been staked on its ISPO delegator pool. The project is revolutionizing the way that media financing is carried out. Flickto uses the ISPO pool to fund projects through community partnerships. The media launchpad provides creators with the financing they need to produce their content, while simultaneously providing users the ability to earn passive income by way of distribution royalties after the projects are completed. Staking In Flickto ISPOs Users can stake and earn rewards by staking their ADA and earning Flickto’s native token FLICK. Staking with FLICK tokens gives the user the right to vote for the projects which they would like to see funded. Then when the projects are approved by the broader community via voting with staked FLICK tokens, financing is provided until the project is distributed. At which point users will start earning royalties. Users are able to fund projects that will eventually be seen on the big screen in theaters and also on their TV screens. This takes the power over the media industry out of the hands of a few conglomerates and puts it in the hands of the community, completely eliminating the barrier to entry for industries such as this. In addition to the rewards from staking FLICK and ADA, participating in voting also earns users rewards. It also makes users eligible for extra rewards, like the just-concluded airdrop that saw two NFTs go to users who have staked in the pool. Where Media Meets Blockchain Flickto is the first of its kind on the Cardano blockchain and as such has recorded much success since launch. It entered into a partnership with media industry veterans Ben Morris and Geraint Harvard Jones, who serve as advisors to the project. With decades of experience between the two, they will guide Flickto as they navigate the media project financing space. Artists from various genres can be selected by the community for financing. Flickto is not just limited to film and TV production. NFT artists and content creators are another example of projects that users can vote on. FLICK Private And Public Sale Flickto has completed the first phase of its Private Sale round with great success. The next opportunity to acquire FLICK outside of the ISPO is via the upcoming IDO. The private sale gave users the opportunity to purchase the tokens at a low price. The Cardano-based project will help accelerate Flickto to provide efficient and transparent crowdfunding services. The total supply of FLICK tokens is capped at 5,000,000,000 with a total of 1,000,000,000 FLICK tokens going up for sale in the private sale.  

Bitcoin & cryptocurrency news

Biconomy (BICO) is launching on Coinbase Pro

coinbase, coinbase-pro, News2 Comments

Starting Today, Wednesday December 1, transfer BICO into your Coinbase Pro account ahead of trading. Support for BICO will generally be available in Coinbase’s supported jurisdictions with certain exceptions as indicated in each asset page here. Trading will begin later today if liquidity conditions are met.

One of the most common requests we receive from customers is to be able to trade more assets on our platform. Per the terms of our listing process, we anticipate supporting more assets that meet our standards over time. Most recently we have added trading support for Voyager Token (VGX), Alchemix (ALCX), Ethereum Name Service (ENS), Gala (GALA), mStable USD (MUSD), Power Ledger (POWR), GYEN (GYEN) Crypto.com Protocol (CRO), Kryll (KRL), LCX (LCX) SUKU (SUKU), OriginTrail (TRAC), Assemble Protocol (ASM), ARPA Chain (ARPA) and Bounce (AUCTION).

Once sufficient supply of BICO is established on the platform, trading on our BICO-USD, BICO-USDT and BICO-EUR order books will launch in phases, auction mode then limit-only or full trading mode. If at any point one of the new order books does not meet our assessment for a healthy and orderly market, we may keep the book in one state for a longer period of time or suspend trading as per our Trading Rules.

We will publish tweets from our Coinbase Pro Twitter account as each order book moves through the phases.

Biconomy (BICO) is an Ethereum token powering Biconomy, a network that aims to seamlessly connect users to any decentralized application across multiple chains for relatively low fees. BICO can be used to pay for network fees and to vote on upgrades.

BICO is not yet available on Coinbase.com or via our Consumer mobile apps. We will make a separate announcement if and when this support is added.

You can sign up for a Coinbase Pro account here to start trading. For more information on trading BICO on Coinbase Pro, visit our support page.

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Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.
This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.

Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.

All images provided herein are by Coinbase.

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Biconomy (BICO) is launching on Coinbase Pro was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Buy LUKSO Token(LYXE) in India — Step by Step Guide for Beginners

beginners-guide, Cryptocurrency, how-to, Investing, News2 Comments

Buy LUKSO Token(LYXE) in India — Step by Step Guide for Beginners

How to buy LUKSO Token(LYXE) in India?

What is LUKSO Token (LYXE)?

LUKSO is a versatile blockchain space where the lives of assistance, gaming, designing as well as social media converge. LUSKO practices in bringing Blockchain to the volumes, through its active contract based entirely blockchain, industry-related parameters techniques and a convenient new way of decentralized programs.

Buy LUKSO Token(LYXE) in India — Step by Step Guide for Beginners
Beginners Guide to buying LUKSO Token(LYXE) in India?

The LUKSO project started out out with a thought by means of my assistant Marjorie Hernandez in 2017. at the time Marjorie worked at EY making their Berlin Innovation Lab. here they worked with many clients on Blockchain projects, that were given her astonishing insight into what the business at the time grow up to in phrases of Blockchain.

Key features of Lukso Token

  • LUKSO is a Blockchain infrastructure, giving a range of requirements and solutions for real and virtual consumer goods, so as to foster clearness, circularity and new styles of responsible production and consumption.
  • LUKSO is the next responsibility by the author of ERC-20 and ERC-725, a society committed to transferring Blockchain ahead defy.
  • Blockchain-primarily based user and business profiles permit continual identifiers in the virtual world.
  • They allow for various login’s that make celebrating username and password a part of the beyond, at the same time as supplying you with full manipulate of all your digital property.

How to buy LUKSO Token(LYXE) in India?

You can buy LUKSO Token(LYXE) in India from several different exchanges but a trusted firm like BuyUcoin is important. With BuyUcoin you can trade LYXE in India along with 130+ cryptocurrencies in INR and USDT pairs.

Buy LUKSO Coin in India — Step by Step Guide For Beginners

BuyUcoin is an exchange that provides buying and selling LUKSO coins in India as well as other cryptocurrencies. Below is a step by step guide to buying LUKSO Coin via BuyUcoin:

Step 1 — Open a Digital Wallet

A digital wallet houses your cryptocurrencies and uses blockchain technology to communicate with other citizens. It is important to make in-depth research before you decide what one is best for you, however, there are several providers of digital wallets. Today, BuyUcoin’s the leading digital wallet provider.

Digital Wallet

Step 2 — Register & Open an Account

When you enter the BuyUcoin/Signup account, register and open a service account. Choose your person or company form of account. Choose your country and adhere to the terms and conditions of your crypto-trading account.

Sign Up

Step 3-KYC

For the Indian jurisdiction, KYC and AML are compulsory. Your data are secure and encrypted and stored only in Indian data centres. To complete your KYC, you are redirected to another URL. With your last selfie, please be ready. Pictures of your pan card will be required. The mobile number connected to your Adhar is important.

Step 4-Google 2 step Verification

To use 2FA, the Authenticator app must be enabled on your smartphone or tablet. If enabled, any time you log in to your BuyUcoin account, you will be asked to include a 6- digit one-time password with your email and password. This only functions when an email and password are entered.

2 Factor Authentication For Extra Security

Step 5-Add Bank details

Add your name credentials, the account name of the holder and the IFSC code information.

Add Your Bank Credentials

Trade LUKSO Token(LYXE) in India

LUKSO price in India at writing time is 1,347.54 INR, with a 24-hour trading volume of 393,991,532 INR. LYXE to INR price is updated in real-time on the BuyUcoin website. LYXE has a market cap of 20,275,042,263 INR. It has a total circulation quantity of 100,000,000 LYXE coins and a circulating supply of 15,045,916 LYXE coins.

In order to trade LUKSO (LYXE) Token, you will need to use a cryptocurrency exchange. BuyUcoin is one of the best exchanges since it accepts fiat deposits via UPI, has the lowest trading fees, and allows for bulk orders to be placed simply using the OTC/EZ Platform. BuyUcoin’s most appealing feature is that it permits a minimum withdrawal of INR 20.

Can I Use Regular Money to Buy LYXE Coin?

Yes, you can use regular money or any fiat currencies such as INR in India to buy LYXE Coin where LUKSO Coin can be stored in your wallet with a single tap to buy or sell your desirable cryptocurrencies without any hidden transaction fees using one of India’s leading cryptocurrency exchange BuyUcoin.

Getting a LUKSO(LYXE) Coin Wallet

BuyUcoin is a multi-currency crypto wallet where LUKSO Coin can be stored with high-end security features where cold storage wallets are used. LYXE deposits are live on BuyUcoin, you can deposit and withdraw your LYXE Tokens. Once we have sent the LUKSO Coin to your wallet, we will send you a confirmation email. The LUKSO Coin will appear in your wallet when you restart the BuyUcoin wallet.

LUKSO (LYXE) Token Exchanges

If you want to buy Bitcoin for LUKSO, an exchange called BuyUcoin is one choice. You can even buy LYXE using your credit card with an easy-to-understand interface.

When you register, BuyUcoin requires your photo ID and address. This conforms to the anti-money laundering (AML) legislation and knows the legislation of your customer (KYC).

ID checks are considered the best methods by many exchanges, although technically not a legal requirement in most countries. It helps avoid the use of exchanges for criminal activity.

Conclusion

LUKSO is a brand new Blockchain for the latest digital lifestyle is built by previous Ethereum Developer Fabian Vogelsteller, author of ERC20 and ERC725, creator and developer of web3.js and the Mist Browser. LUKSO is a diverse blockchain network wherever the realms of fashion, gaming, design and social media intersect.

Buy The ChampCoin (TCC) in India — Step by Step guide for beginners

Buy LUKSO Token(LYXE) in India — Step by Step Guide for Beginners was originally published in BuyUcoin Talks on Medium, where people are continuing the conversation by highlighting and responding to this story.

Bitcoin & cryptocurrency news

Lightning Speed: Eight Mind-blowing Facts About The Lightning Network

Bitcoin, Dogecoin, Litecoin, News, Ripple6 Comments
Welcome to “Lightning Speed,” a new section in which NewsBTC will explore the possibilities that Bitcoin’s Lightning Network opens. In this first edition, we will focus on Peter St Onge’s “The Lightning Network is About to Change the World” article. According to his bio, the academic “holds a Ph.D. in Economics from George Mason University, and a B.A. in Economics and Political Science from McGill University.” Make of that what you will.  St Onge was at the Free State Project’s Porcfest in New Hampshire when he had an epiphany. “The Lightning Network is now moving Bitcoin exponentially closer to becoming a true universal medium of exchange that is controlled by the people, not by governments.” That’s right. Bitcoin already won the store of value race, but, with the Lightning Network, it becomes the apex medium of exchange. What does this mean for the world? Lightning At The Porcfest Before we blow minds, let’s explore the Free State Project’s Porcfest real quick. St Onge sets the stage: “As we enjoyed the mild New Hampshire summer, people wandered over to buy $2 sodas with Bitcoin, paying instantly and with zero transaction fee. I watched patient bitcoiners onboard Lightning newbies, taking them from zero to a Lightning wallet full of fresh hot sats in literally 5 minutes. It was the iconic “buy a coffee with Bitcoin” on steroids.” Yes, #LightningNetwork is being used at #PorcFest2021. Ana sold a water to @jfcarpio as @Joe_Saz watches pic.twitter.com/sUou8otfP4 — Patrick Motorist (@BitcoinMotorist) June 27, 2021 This was before everybody and their grandmothers went to Bitcoin Beach to test the Lightning Network first hand. Watching the transaction’s speed and comfort, St Onge knew. This was “Confirmation that the Bitcoin developer ecosystem has now built the holy grail: Bitcoin as a true medium of exchange. One where transfers are instant, essentially free, and as easy to use as the simplest app on your phone.” St Onge’s Four Insights About The LN As A Medium Of Exchange The fees are really that cheap. St Onge recalls, “our sats party replicated what’s now going on across the world. Just last week at El Salvador’s now-famous Bitcoin Beach, 20,000 near-instant transactions went around with aggregate fees of $4.98. One-fortieth of a penny per transaction.”  Traditional banking can’t compete. “For perspective, that’s about 500 times cheaper than the credit card fee on a $5 cappucino, and it’s at least 4,000 times cheaper than the average credit card transaction fee.” It gets better. The fees are not correlated to the transaction’s total amount. “Note, 1/40 of a penny would cover essentially any amount — you could buy a house with Lightning for 1/40 penny.”  The Lightning Network doesn’t sleep. “It transfers instantly, 24/7 including holidays, and is able to leap national borders and regulatory gatekeepers with zero effort.” BTC price chart for 12/04/2021 on Tradestation | Source: BTC/USD on TradingView.com St Onge’s Four Insights About The Lightning Network’s Growth & Potential The network is growing exponentially. “Lightning Network statistics have exploded since May, with network capacity now expanding by an annualized 635%. As these new Lightning apps onboard millions of people, they then pass along and train newbies by word-of-mouth, creating exponential growth that can very quickly go from irrelevant to dominant.”  The project has been years in the making. “The original Lightning Network White Paper came out in 2015, and after heady growth through 2019, the Network was essentially moribund these past 2 years.” Most altcoins are no longer needed. “First, it knocks the legs out of competing “medium of exchange” (MOE) coins like Dogecoin, Bcash, Ripple, Litecoin, or their many knock-offs.”  This is just the beginning. “Just as the internet needed user-friendly interfaces (web browsers) before it could really change the world, Bitcoin needed user-friendly interfaces to grow beyond money and towards being the base layer — the “rails” — for decentralized services built on Bitcoin alone.” The Lightning Network is changing the world already. Because of that fact, NewsBTC created “Lightning Speed,” a feature about the possibilities that Bitcoin’s Lightning Network opens. Featured Image: jplenio on Pixabay | Charts by TradingView

Bitcoin & cryptocurrency news

Biconomy (BICO) is launching on Coinbase

News1 Comment

Starting today, Biconomy (BICO) is available on Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store BICO in most Coinbase-supported regions, with certain exceptions indicated in each asset page here. Trading for these assets is also supported on Coinbase Pro.

Biconomy (BICO) is an Ethereum token powering Biconomy, a network that aims to seamlessly connect users to any decentralized application across multiple chains for relatively low fees. BICO can be used to pay for network fees and to vote on upgrades.

One of the most common requests we hear from customers is to be able to buy and sell more cryptocurrencies on Coinbase. We announced a process for listing assets, designed in part to accelerate the addition of more cryptocurrencies. We are also investing in new tools to help people understand and explore cryptocurrencies. We launched informational asset pages (see BICO), as well as a new section of the Coinbase website to answer common questions about crypto.

Customers can sign up for a Coinbase account here to buy, sell, convert, send, receive, or store e Coinbase Android and iOS apps. Coinbase customers can now trade, send, receive, or store BICO today.

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Please note: Coinbase Ventures may be an investor in the crypto projects mentioned here, and additionally, Coinbase may hold such tokens on its balance sheet for operational purposes. A list of Coinbase Ventures investments is available at https://ventures.coinbase.com/. Coinbase intends to maintain its investment in these entities for the foreseeable future and maintains internal policies that address the timing of permissible disposition of any related digital assets, if applicable. All assets, regardless of whether Coinbase Ventures holds an investor or Coinbase holds for operational purposes, are subject to the same strict review guidelines and review process.

This website contains links to third-party websites or other content for information purposes only (“Third-Party Sites”). The Third-Party Sites are not under the control of Coinbase, Inc., and its affiliates (“Coinbase”), and Coinbase is not responsible for the content of any Third-Party Site, including without limitation any link contained in a Third-Party Site, or any changes or updates to a Third-Party Site. Coinbase is not responsible for webcasting or any other form of transmission received from any Third-Party Site. Coinbase is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by Coinbase of the site or any association with its operators.

Crypto is a new type of asset. Besides potential day to day or hour to hour volatility, each crypto asset has unique features. Make sure you research and understand individual assets before you transact.

All images provided herein are by Coinbase.

Biconomy (BICO) is launching on Coinbase was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

Why Is 2021 The Best Time To Invest In Ocean Protocol (OCEAN)?

Cryptocurrency, Investing, NewsLeave a comment

Is OCEAN Protocol a Good Investment?

Ocean Protocol is up 29% today, making it the greatest gainer. OCEAN is in the limelight, with a market validation of $829 million and a 24-hour trading volume of $333 million. What exactly is the Ocean Protocol? Let’s have a look.

What Is Ocean Protocol (OCEAN)?

Ocean Protocol is a blockchain-based ecosystem that enables individuals and organizations to effortlessly unlock the value of their data and monetize it with ERC-20 data tokens.

Publishers can monetize their data while maintaining privacy and control, and consumers can now access previously inaccessible or difficult to locate datasets, thanks to the Ocean Protocol. These datasets are available for purchase on the Ocean Market, where they can be consumed or sold later.

Each data service on the Ocean Protocol is represented by a unique data token, which is used to encapsulate a dataset or compute-to-data service, allowing third parties to conduct operations on the data without leaving the publisher’s safe enclave.

OCEAN is a utility token that is utilized for community governance and data staking and buying and selling data on the Ocean Market as the fundamental unit of trade. The price of these data tokens is determined by an OCEAN-data token AMM pool, which changes the price of the data token depending on supply and demand as it is purchased and sold.

Unique Characteristics of Ocean Protocol (OCEAN)

Users may purchase and sell data tokens, engage in governance, and invest in the Ocean Market with the Ocean Protocol’s cryptocurrency, OCEAN.

The potential of OCEAN to act as a unit of exchange for data tokens is its primary application case. Notably, being an Ethereum-compliant token can exchange OCEAN and data tokens for other ERC-20 tokens like ETH, DAI, and various others.

Users who own OCEAN contribute to the protocol’s governance by voting on network upgrade proposals to determine which ideas should be pursued.

Because Ocean Market is a marketplace, holders of OCEAN tokens can stake their tokens and give liquidity to the marketplace. These liquidity providers might receive a portion of the transaction fees paid by traders who use liquidity pools in exchange for their services.

Finally, OCEAN is crucial to OceanDAO operations since it allows owners to vote on which ideas to support and steer the project’s destiny.

The OCEAN coin also has complex DeFi-like capabilities like staking and the Ocean AMM (Automated Market Maker). To preserve the token value from significant market volatility, the Ocean AMM is utilized to moderate the price of OCEAN based on supply and demand.

What Is The Best Time To Invest in Ocean Protocol (OCEAN)?

Ocean Protocol is one of the altcoins in the blockchain ecosystem with the most diverse use applications. As a result, most community members believe that the OCEAN price will be able to appreciate significantly by the end of the year.

The current price of Ocean Protocol in India is $1.26, with a 24-hour trading volume of $412,817,519 units. Ocean Protocol has gained 8.12% in the last 24 hours. With a live market cap of $774,488,687, the current CoinMarketCap ranking is #128. There are 613,099,141 OCEAN coins in circulation, with a total supply of 1,410,000,000 OCEAN coins.

Only about 613,000,000 OCEAN tokens are currently in circulation. According to estimates, the whole Ocean Protocol will not be given to the market for another 50 years, which will add no new tokens to the circulating supply.

Even before the great crypto bull run began, the price of OCEAN began to rise fast in June 2020. On April 11th, 2021, Ocean Protocol was able to achieve an all-time high of $1.94.

The Ocean Protocol token’s current ROI (Return on Investment) is above 1232%, which is one of the reasons why so many experts say OCEAN is a solid investment.

Start Investing in Ocean Protocol (OCEAN) Coin

To start trading and investing in OCEAN and other cryptocurrencies, you must first create an account with a reputable cryptocurrency exchange. A cryptocurrency exchange in India is a brokerage that allows you to trade Ocean Protocol (OCEAN) and other cryptocurrencies.

If you’re new to cryptocurrency trading, BuyUcoin is a terrific place to start. BuyUcoin is a secure cryptocurrency exchange with over 150 different cryptocurrencies to buy, sell, and trade.

You may also buy OCEAN Coin in India at BuyUcoin by linking your debit or credit card to your account using the Mobikwik Payment Gateway (we offer VISA, RUPay, and Mastercard).

Is Ocean Protocol A Good Investment in 2021?

Ocean Protocol has already shown to be a high-quality project by providing early adopters with a significant return on investment. Given its technical underpinnings, the OCEAN price is almost expected to rise further. While most individuals anticipate the Ocean Protocol will hit $10 in 2021, other analysts say it might hit $35 or even $50 by the end of the year.

Market Sentiments

  • Tradingbeasts

The Ocean Protocol price is forecasted to reach $1.54626 by the beginning of January 2022. The expected maximum price is $1.93283, minimum price $1.31432. The Ocean Protocol price prediction for the end of the month is $1.54626.

  • gov.capital

Future price of the asset is predicted at $2.89 (139.589% ) after a year according to our prediction system.This means that if you invested $100 now, your current investment may be worth $239.589 on 2022 December 02, Friday.

Why Invest in Ocean Protocol (OCEAN) Coin?

By allowing anybody with sought-after datasets to tokenize their data and make it available on the Ocean Market, Ocean Protocol makes previously unavailable or difficult to obtain access.

This provides data publishers with a new revenue stream while also providing scientists, researchers, data analysts, and anybody else with better credible data.

Ocean Protocol gives companies the tools they need to create and launch their data marketplaces, either by forking the protocol directly or by utilizing the Ocean Protocol React hooks. It also includes a lot of documentation to help with the procedure.

By staking their OCEAN tokens on datasets on the Ocean Market, OCEAN token holders may actively engage in the token data economy. Stakers then become liquidity providers in the chosen OCEAN-data token pool, earning a portion of the pool’s transaction fees.

Conclusion

The Ocean Protocol is a blockchain-based ecosystem that allows individuals and businesses to capitalize on their data’s worth. Consumers may access previously inaccessible or difficult to locate datasets, and publishers can monetize their data while protecting privacy and control. OCEAN is a utility token that may be used to buy and sell data on the Ocean Market and for community governance and data staking.

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Why Is 2021 The Best Time To Invest In Ocean Protocol (OCEAN)? was originally published in BuyUcoin Talks on Medium, where people are continuing the conversation by highlighting and responding to this story.