Archive for the ‘Ethereum’ Category

The Koala Coin (KLC) Presale Draws a Crowd Attracting Ethereum (ETH) and Dogecoin (DOGE) Investors Amid … – Analytics Insight

Like the climax of a heist movie, the crypto markets latest sensation, Koala Coin (KLC), has investors on the edge of their seats. Koala Coin (KLC), now available in its presale for just $0.014, promises a unique fusion of meme culture charm and serious financial prospects. Its setting the stage for what could be the most engaging investment opportunity of the year.

Koala Coin (KLC) stands out in the crowded crypto space with its blend of meme culture joy and serious financial promise, creating an irresistible allure for investors. With governance rights, staking rewards and a vault of exclusive memes, Koala Coin (KLC) promises a unique mix of camaraderie and profit.

Amidst a buzzing presale, Koala Coin (KLC) is not just another token. Investors are drawn to its robust secure blockchain technology and the promise of a community-driven future. The fear of missing out on this ground-breaking opportunity is palpable. Driving Ethereum (ETH) and Dogecoin (DOGE) enthusiasts to join the Koala Coin (KLC) family.

Ethereum (ETH) remains a cornerstone in the world of cryptocurrency, valued at $3330.07 and showing a healthy 30-day increase of 13.40%. This growth underscores the pivotal role of Ethereum (ETH) in the digital asset space, primarily due to its pioneering smart contract technology.

However, Ethereum (ETH) is grappling with its own challenges, particularly in terms of scalability and transaction fees. These issues have highlighted the pressing need to transition to Ethereum (ETH) 2.0, a significant upgrade to enhance network efficiency and reduce costs. Ethereum (ETH) must address these hurdles while capitalizing on its established infrastructure and developer community.

Dogecoin (DOGE) has transcended its origins as a playful meme to become a major player in the cryptocurrency market, currently valued at $0.17 and witnessing a staggering 30-day growth of 103.67%. This remarkable ascent reflects the unique position of Dogecoin (DOGE) at the intersection of humor and serious investment potential, capturing the imaginations of traders and investors alike.

The sustainability of the value of Dogecoin (DOGE) gains remains a topic of debate among investors, with some concerned about its long-term viability in a rapidly evolving cryptocurrency landscape. To maintain its newfound status and continue attracting investment, Dogecoin (DOGE) may need to innovate further.

As the Koala Coin (KLC) presale progresses, the air is thick with anticipation and a sense of FOMO. Ethereum (ETH) and Dogecoin (DOGE) investors, known for their keen sense of market shifts, are rallying to Koala Coin (KLC), recognizing its unparalleled potential for growth.

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The Koala Coin (KLC) Presale Draws a Crowd Attracting Ethereum (ETH) and Dogecoin (DOGE) Investors Amid ... - Analytics Insight

Nansen integrates blockchain data from SportFi chain Chiliz and Ethereum rollup zkSync – Cointelegraph

Cryptocurrency users looking for the latest alpha in SportFi and zero-knowledge rollups can keep close tabs on data and insights from blockchain Chiliz and Ethereum layer 2 zkSync through new integrations on Nansen.

The blockchain analytics platform announced the integration of the two different protocols on March 28, unlocking on-chain data analytics and insights for its users.

Nansen data journalist Martin Lee told Cointelegraph that the integration provides a high-level overview of both ecosystems, allowing cryptocurrency teams to run their own queries and get insights from the raw data itself via Nansen query:

The functionality will unlock data insights into Chiliz, the proprietary blockchain powering scores of fan tokens licensed by high-profile sports teams and organizations worldwide that operate on the Socios platform.

Related: Man and machine: Nansens analytics slowly labeling worldwide wallets

Chiliz and Socios CEO Alexandre Dreyfus says the collaboration will deepen the understanding of the Chiliz ecosystem and potentially drive user adoption and growth of the SportFi ecosystem:

According to data from CoinMarketCap, the Chiliz blockchain has a total market capitalization of $1.2 billion. The ecosystem has attracted many of the biggest football clubs, including Manchester City and Paris Saint Germain (PSG).

Cointelegraph reviewed Chilizs blockchain through Nansen 2, the latest version of the analytics platform, which reflects an average of 2,100 daily active addresses. Manchester City, Binance, Turkish club Trabzonspor, Galatasaray and PSG are listed as the top five entities on-chain over the past week.

Related:Animoca eyes SportFi ecosystem, becomes Chiliz Chain validator

Ethereum scaling protocol zkSync is one of the major zero-knowledge proof rollups in the ecosystem, processing over a million transactions daily for over 350,000 addresses, according to data from Nansens dashboard.

Matter Labs head of business development, Omar Azhar, believes the integration with Nansen will prove valuable to the zkSync ecosystem and wider Web3 space by making processing on-chain data that is actionable and digestible.

The great benefit of permissionless blockchains such as zkSync is that all the data is public and contains valuable insights for builders, investors and end-users alike, Azhar said.

Related: Paris Saint-Germain begins Web3 drive as a new blockchain validator for Chiliz Chain

Nansen has garnered a reputation for its wallet-labeling and blockchain analytics. In October 2022, Cointelegraph interviewed its CEO Alex Svanevik at the firms Singapore headquarters, where the founder recounted Nansens genesis story and estimated that the platform scans nearly a petabyte of data daily from the variety of blockchains it monitors.

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Nansen integrates blockchain data from SportFi chain Chiliz and Ethereum rollup zkSync - Cointelegraph

Ethereum’s co-founder proposes new plan to boost decentralization in crypto staking – crypto.news

Ethereum co-founder Vitalik Buterin has launched a proposal to enhance the decentralization and fairness of the Ethereum networks staking process, marking a significant stride in refining the protocol.

Dubbed the anti-correlation incentive program, this initiative seeks to penalize what is considered routine mistakes by validators, such as failing to complete an attestationa process vital for the networks security and efficiency.

The rationale behind Buterins proposal stems from an observation within decentralized systems: errors made by one participant are likely to be mirrored across other nodes or validators controlled by the same entity.

The anti-correlation incentive is designed to discourage such uniformity in errors, thereby fostering a more distributed and robust network structure.

Central to Buterins argument is the concern that without such measures, attempts to promote decentralization could inadvertently encourage only a veneer of compliance. Validators might simply appear to diversify without genuinely distributing control or resources, thus maintaining the status quo under the guise of decentralization.

Ethereum already employs penalty mechanisms for serious infractions, known as slashing, but these have historically been reserved for egregious or malicious behavior. The proposed anti-correlation incentive program, however, would integrate penalties into the everyday operations of the network.

The approach aims to address particularly the large stakers operating numerous validators from a singular location or device, which could lead to widespread, correlated failures within the network.

Buterin suggests that the new program would compel these large entities to genuinely diversify their operations, thereby reducing the risk of simultaneous failures while still enabling them to leverage economies of scale. The idea is to balance the scale advantages of large validators with the need for a decentralized and resilient network.

To ensure fairness, the proposal is tailored to impact primarily large validators, with safeguards in place to prevent undue hardship on smaller participants. It ensures that the punitive aspects of the program are directed where they can encourage real change, without disproportionately affecting those with fewer resources.

Speaking at ETHTaipei 2024, which took place from March 21 to 24, Buterin earlier talked about rainbow staking. The concept encourages diversity in service providers, attempting to address Ethereums centralization issues further.

His concern over centralization was highlighted by the dominance of platforms like Lido Finance, which, at one point, controlled over 70% of Ethereum-staked assets despite these being distributed among numerous validators.

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Ethereum's co-founder proposes new plan to boost decentralization in crypto staking - crypto.news

Ethereum is a ‘dumpster fire’ Charles Hoskinson – Cointelegraph

An amusing attempt at satire has drawn the ire of Cardano founder Charles Hoskinson, or so it appears.

In response to a fan commentary doubting the blockchains roadmap and criticizing its supposed similarity to Ethereum, Hoskinson responded, "Its getting delusion town now," and, We are living rent-free in the maxi minds. I pity them." Addressing the Ethereum comparison, the founder said:

"Cardano's sidechain plans mutually benefit both Cardano and the sidechain," he stated.

In March 2020, the Cardano Foundation published a research paper describing Hydra, a layer-2 solution using sidechains to offload transactions from the main network. Hoskinson explained that Cardano would soon become the fastest system in the world," raising the following example:

In an ask-me-anything session from November 2021, Hoskinson revealed that the Hydra project was still under development with no set launch date. The first mainnet-compatible Hydra node was released on May 11, 2023. Since then, developers have teased the upcoming Hydra Pay, a supposed layer-2 integration with Cardano wallets bearing the feature of instant settlement and gazillion TPS."

Regarding utility, data from Cardanoscan indicate that the blockchain currently processes an average of 65,000 transactions per day, or 0.75 transactions per second. In comparison, Ethereum processed over 1 million transactions in the past 24 hours, or about 12.45 transactions per second.

No matter how many times the VC coins, the cryptomedia, or the maxi crowd proclaims we are dead, irrelevant, or failing, we always remind them that Cardano is here to stay," wrote Hoskinson in a previous tweet.

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Ethereum is a 'dumpster fire' Charles Hoskinson - Cointelegraph

SEC Expected to Approve Ethereum Futures ETFs by October: Report – Decrypt

The U.S. Securities and Exchange Commission (SEC) is reportedly set to greenlight Ethereum futures exchange-traded funds (ETFs) in the coming months.

According to a Bloomberg report, which cites anonymous sources familiar with the matter, the regulator is not expected to block the applications of around twelve companies, including ProShares, Volatility Shares, Bitwise, and Valkyrie, that have recently applied to launch Ethereum futures ETFs.

Such an ETF would track the price of Ethereum futures that are traded on the Chicago Mercantile Exchange, rather than direct spot exposure to the digital asset.

While it is not clear which specific ETF applications will be approved, officials have reportedly indicated that some of the filings could receive approval as early as October.

The SEC and Valkyrie declined to comment. ProShares confirmed with Decrypt their application submission, adding that "we are in the quiet period and due to Securities and Exchange Commission (SEC) regulations are not allowed to discuss products currently in the registration period with the SEC."

BitWise and Volatility Shares did not immediately respond to Decrypt's request for comment.

Over a dozen applications for Ethereum futures ETFs hit the SECs door in recent weeks, with the Valkyries dual Bitcoin and Ether Strategy ETF, which is a proposed conversion of the financial services firms existing Valkyrie Bitcoin Strategy ETF, being first in the line for a possible launch as early as on or around October 3.

Earlier this week, Valkyrie also filed for its Ethereum Strategy ETF, however, the first pure Ethereum futures ETF sponsored by Volatility Shares could go live around October 11.

ETF analyst Eric Balchunas has meanwhile commented he was not surprised by the SEC's expected move to approve Ethereum futures ETFs.

This not surprising to us, we had said they would approve Ether Futures early on in race. Nice to be validated. Now what does it mean for spot? Hard to say beyond it shows that their views, policy, and tolerance can change, wrote Balchunas.

The SEC has thus far declined to approve any spot crypto ETFs. However, there has been a notable shift in the regulator's approach in late 2021, when the SEC greenlit several Bitcoin futures funds that invest in contracts trading on the Chicago Mercantile Exchange (CME).

Bloomberg analyst James Seyffart also pointed to Roundhill, which is also on the list of Ethereum futures ETF hopefuls, disclosing a 0.19% management fee for their proposed fund.

This is very low compared to BTC futures ETFs like Proshares' $BITO's 0.95%. And is still drastically lower than VanEck's $XBTF which at 0.76%. Fee war already starting in crypto ETFs, wrote Seyffart.

Despite the positive news of the potential approval of Ethereum futures ETFs, the worlds second-largest cryptocurrency last night experienced a significant price drop to its lowest levels since mid-June.

Amid the latest market sell-off, which also saw Bitcoin (BTC) plunge below $26,000, ETH dropped to as low as $1,576 before recovering to $26,533 at the time of writing.

Despite the recovery, Ethereum remains down 7% on the day, according to CoinGecko.

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SEC Expected to Approve Ethereum Futures ETFs by October: Report - Decrypt