Archive for the ‘Ethereum’ Category

Cardano Founder was Never A Part of Ethereum says Vogelsteller – The Coin Republic

Charles Hoskinson has built his own blockchain platform, Cardano and also worked as a co-founder of Ethereum blockchain. He continuously showed his efforts towards the development of his blockchain. Still, one of his old colleagues or a co-founder of Ethereum blockchain, Fabian Vogelsteller didnt think that Hoskinson had really done anything for Ethereum blockchain.

Fabian Vogelsteller has done work related to dApps and smart contracts on Ethereum blockchain. Last weekend, he shared a tweet where he retweeted an old post. That old tweet included the foundation members of Ethereum blockchain who have built their own blockchains. Besides Vitalik Buterin, the post included Charles Hoskinson, Fabian Vogelsteller, and Gavin Wood. It must be noted that Hoskinson has developed Cardano, Vogelsteller built LUKSO, while Wood has developed Polkadot blockchain.

The father of the ERC-20 token, Vogelsteller wrote in his tweet that he wanted to correct the picture of Ethereums founding members. According to him, as a founder Buterin doesnt count, while Hoskinson was neer really a founder of Ethereum. He also added that Hoskinson has built literally nothing as he is aware of.

Hoskinson was just early on at the right place, at the time, hanging out, and thats why Vogelsteller doesnt think the Cardano founder should be in that picture of Ethereum foundation members. Along with Polkadot founder, Vogelsteller thinks they are better fitting.

Vogelsteller continued as his saying is factual, no matter what anyone likes or not. He has been part of Ethereum since the beginning of the blockchain network. Thus he knew very well what and when anyone showed their contributions. As he said, the main work that lifted off Ethereum network was done in the time period from end of 2017 till now.

At last, Vogelsteller wrote he doesnt say anything about Cardano founders skills and contributions to the space or anything about him as a person. That he cant judge.

In response to Vogelstellers tweet, the founder of Cardano responded in a sarcastic way. He firstly thanked him then wrote that he suppose Switzerland just materialized out of the ether and as he is incompetent, he likes to meet people behind Cardano.

Charles Hoskinson also added about the patent filing and all the open sources that he is busy with innovating.

Over the response by Hoskinson, Vogelsteller once again made his reply as he meant no offense on the skills and work of Cardano founder. That was purely a reference to Ethereum. He also added that he didnt plan to initiate any blockchain drama.

As per the data sourced from CoinMarketCap, there are a total of eight co-founders of Ethereum blockchain, that clearly includes Charles Hoskinson.

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

More:

Cardano Founder was Never A Part of Ethereum says Vogelsteller - The Coin Republic

Former Ripple Exec: XRP Ledger Years Ahead of Ethereum As … – The Crypto Basic

Matt Hamilton fumes over assertions about XRPLs alleged centralization.

In a tweet today, former Ripple Director Matt Hamilton slammed Token Paddock for asserting that the XRP Ledger (XRPL) has nothing to do with decentralization.

The issue first started after Cyber Capital founder Justin Bons claimed in a recent tweet that XRP, BNB Coin (BNB), and Stellar Lumens (XLM) are centralized due to their permissioned blockchain infrastructure.

To defend the decentralized nature of XRPL, Panos Mekras, author of Understanding the Crypto Economy, noted that XRP Ledger invented decentralized finance. According to Mekras, XRPL was the first blockchain to support tokenized assets, decentralized exchange (DEX), stablecoin, and smart contract features.

Token Paddock countered this claim saying Ethereum was the first to support all the features highlighted by Mekras. The crypto analytical platform added that XRPL is only a payment network andhas nothing to do with decentralization.

The team behind the Token Paddock handle furtherpointed outthatDeFi was coded on Ethereum for [the] first time in the crypto industry [in] 2016.

Notably, Token Paddocks claims infuriated several XRP community members, including former Ripples director of developer relations. Hamilton noted that the team behind the Tokenpaddock seem confused.

He clarified that XRPL had existed for several years before Ethereum was launched. Per Hamilton, Ethereums co-founder Vitalik Buterin used to sleep on the couch of Ripples CTO David Schwartz while making moves to get enrolled as an intern in Ripple.

Notably, in 2019, Buterindisclosed that he once applied for an internship at Ripple in mid-2013. Buterin, who co-founded Ethereum two years later, said he missed the opportunity due to visa-related issues.

Follow Us on Twitter and Facebook.

Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basics opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.

-Advertisement-

Continued here:

Former Ripple Exec: XRP Ledger Years Ahead of Ethereum As ... - The Crypto Basic

2 Under-the-Radar Cryptocurrencies With More Potential Than … – The Motley Fool

By just about any metric, Ethereum (CRYPTO:ETH) is the premier Layer 1 blockchain in the world. Whether it's non-fungible tokens (NFTs), decentralized applications, or blockchain gaming, Ethereum typically ranks No. 1. So it's perhaps no surprise that, over its lifetime, Ethereum has delivered a staggering return of 66,566.24% to investors.

But there are two under-the-radar cryptos that might have more future potential than Ethereum. One of these is Cardano (CRYPTO:ADA), a blockchain that has been around since 2017 but now seems to be on the cusp of reinventing itself. The other is Avalanche(CRYPTO:AVAX), a former market darling that is making an impressive comeback in 2023. Let's take a closer look at both.

One major reason why Cardano has been under the radar for many investors is that it has never had the same type of head-spinning, stratospheric rally that other cryptos have had. Cardano, which currently trades for just $0.41, has never traded higher than $3.10. In comparison, Ethereum once traded as high as $4,891.70.

Image source: Getty Images.

But I think Cardano, already up more than 64% in 2023, could be on the cusp of a major breakout.The reason for this is Cardano's recent foray into the field of decentralized finance (DeFi), where it has historically been a non-player. Cardano only added smart contract functionality to its platform in late 2021, while Ethereum has had smart contracts since 2015. Without smart contracts, it's impossible to be a player in DeFi. As a result, Cardano has been ignored in this key sector of the blockchain industry for years.

But Cardano seems to be making DeFi a priority these days, and it's really paying off. In early 2022, the first decentralized exchanges appeared on the Cardano platform. And, in 2023, things have really taken off. In April, the key metric for measuring DeFi strength -- Total Value Locked (TVL) -- reached a 10-month high for Cardano.And Cardano has been generating buzz for a number of innovative DeFi projects, including the launch of its first stablecoin this year.

People once thought non-fungible tokens (NFTs) were going to be the path to success for Cardano, but I disagree with this. While Cardano now ranks as a top five player in the NFT space, it's unlikely Cardano can ever unseat Ethereum as the No. 1 player. But I think it's a different story for DeFi. This is an area where Cardano can win, especially if Ethereum can't figure out a way to keep its transaction fees (known as "gas fees") under control.

Next up is Avalanche, which is still tiny compared to Ethereum. While Avalanche has a market cap of $5.66 billion (good enough to rank in the Top 20 of all cryptos), it's nowhere close to Ethereum's market cap, which weighs in at a hefty $225.2 billion.

At one time, it looked like Avalanche was going to make a serious run at Ethereum simply due to its lightning-fast transactions, near-zero transaction fees, and impressive blockchain scalability. That's the big reason why some publications made Avalanche a media darling back during the last crypto bull market rally, even going so far as to tout Avalanche as a potential "Ethereum killer."But things never really materialized for Avalanche, and in 2022, the crypto was down more than 90%.

But things seem to be turning around for Avalanche in 2023.In January, Avalanche inked a partnership deal with Amazon Web Services (AWS), the cloud computing unit of Amazon(AMZN -3.22%), in order to provide blockchain infrastructure services to AWS customers.The focus, according to Avalanche, was going to be on large enterprise and government customers who would be able to leverage Avalanche's blockchain infrastructure.

While Avalanche is currently listed as a service provider within the Amazon Web Services marketplace, there have not yet been any big client wins announced yet. Imagine, though, if an S&P 500 company were to announce a blockchain infrastructure deal with Avalanche -- that would be huge for Avalanche's future growth prospects. If there's one place where Avalanche can take on Ethereum and win, it's in the enterprise space, due to this Amazon relationship.

Both Cardano and Avalanche have enormous untapped potential. But the window of opportunity for both is closing quickly, simply because Ethereum shows no signs of slowing down. Ethereum is a market behemoth with a huge built-in first-mover advantage in many areas.

So the path to success for Cardano and Avalanche will not be easy. But if Cardano can execute on its DeFi strategy, and if Avalanche can leverage its Amazon Web Services partnership, it might just be possible. I'm bullish on both Cardano and Avalanche long-term.

John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Dominic Basulto has positions in Amazon.com, Cardano, and Ethereum. The Motley Fool has positions in and recommends Amazon.com, Avalanche, Cardano, and Ethereum. The Motley Fool has a disclosure policy.

Originally posted here:

2 Under-the-Radar Cryptocurrencies With More Potential Than ... - The Motley Fool

The Presale For Big Eyes Will End Spectacularly As The Value Of … – NewsWatch

The upcoming Ethereum Shanghai Upgrade, scheduled for April 12th, has captured the attention of the entire crypto community, with all eyes on the events potential impact on ETH. With just one week remaining until the upgrade, investors and traders alike are eagerly anticipating the possible outcomes of the network upgrade.

However, as with any major event in the crypto world, there are also risks involved. Some analysts have expressed concerns about the potential impact of the upgrade on the networks stability and security. There have also been reports of increased regulatory scrutiny and action against crypto exchanges, which could potentially affect the markets sentiment toward ETH.

Crypto experts are enthusiastic about the forthcoming upgrade as it could enhance transaction efficiency on the Ethereum blockchain. Despite rumors and regulatory actions targeting exchanges, Ethereum, the second-biggest cryptocurrency by market capitalization, reached a seven-month peak of $1,922 on April 5th, demonstrating its resilience.

Ethers ability to overcome resistance points has led some analysts to project a potential price target of $3,000 in Q2 2023. According to Santiment, an analytics firm, whale accumulation remained strong in March, increasing by 0.5%.

The Ethereum Shanghai Upgrade is a significant development for the Ethereum blockchain, as it is designed to improve the networks efficiency and reduce transaction costs. The upgrade will also introduce new features such as the Ethereum Improvement Proposal (EIP) 1559, which aims to address the issue of high gas fees on the network.

The price surges of Bitcoin and Ethereum are being fueled by the planned upgrades to their respective blockchain networks. Nonetheless, Big Eyes Coin is also an excellent investment option, especially now that its launch date is nearing.

Overall, the Ethereum Shanghai Upgrade is a significant event in the crypto world, with many investors and traders eagerly awaiting its outcome. While there are risks involved, the potential benefits of the network upgrade could make it a crucial turning point for the Ethereum blockchain and the cryptocurrency market as a whole.

Big Eyes Coin has rapidly become one of the most dynamic and intriguing cryptocurrencies in the crypto community since its launch a few months ago, gaining a loyal following with a strong focus on user rewards.

The Big Eyes Coin team has recently announced that the presale will end on June 3rd, offering investors a final opportunity to invest in this digital asset. Big Eyes Coin has already set records as the biggest meme coin presale, raising over $33 million in funds. This achievement highlights the increasing interest in meme-inspired cryptocurrencies, indicating that such projects can attract significant investment and support from the crypto community.

Big Eyes Coin is currently offering a 300% bonus to investors using the code END300, along with a Loot Box campaign where users can receive prizes equivalent to or greater than the amount spent to open the box.

The projects commitment to creating a vibrant and committed cryptocurrency community is reflected in the rewards and incentives it provides to users. In addition, Big Eyes Coin is committed to social responsibility and sustainability, dedicating 5% of its total supply to support ocean conservation initiatives.

To take advantage of the #BigEyesLoot box promotion, investors can use the bonus code END300 for a 300% BONUS. Each Cute Box, which costs $99, guarantees returns of $396 in $BIG after applying the code, with a maximum award of $5,396 in $BIG.

Big Eyes Coin (BIG):

Presale: https://buy.bigeyes.space/

Website: https://bigeyes.space/

Telegram: https://t.me/BIGEYESOFFICIAL

Read the rest here:

The Presale For Big Eyes Will End Spectacularly As The Value Of ... - NewsWatch

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Will FOMC end BTCs 2023 bull rally? – FXStreet

Bitcoin price shows a lack of buying pressure that has negatively affected some sectors of altcoins, including Ethereum and Ripple. But the upcoming macroeconomic events are key in helping frame the directional bias for BTC and put wind in its sails.

A hawkish stance from the Federal Reserve Chairman, Jerome Powell is likely to cause a whiplash leaning bearish in the short term. But if the inflation hedge narrative pops like the last time, BTC and the larger crypto ecosystem will see a bullish outlook.

Read more on Feds interest rate decision and FOMC conference: Week Ahead: Important week for Bitcoins 2023 rally

Bitcoin price has been struggling to overcome the $29,630 to $30.480 bearish breaker for nearly two weeks. The recent retest of this setup was over the weekend which resulted in a 5.80% slide to the downside.

This bearish outlook is likely to continue until the Federal Reserves interest rate decision and the Federal Open Market Committee (FOMC) conference scheduled for May 3. This event should trigger a strong response for Bitcoin price.

An overly hawkish stance is technically bearish for risk-on assets like stocks and Bitcoin. In the short term, BTC might slide lower, but if the inflation hedge narrative gains traction traders can expect the big crypto to rally in the long run.

In such a case, Bitcoin price could eye a retest of the $35,000 hurdle.

BTC/USDT 1-day chart

On the other hand, if Bitcoin price fails to react to the Feds interest rate decision or FOMC conference and rally, it will indicate a lack of confidence. In such a case, BTC could crash down to the $25,000 level.

Ethereum price moves have remained in lockstep with Bitcoin price for obvious reasons. ETH undid the gains it raked up over the second week of April. Despite its correlation with Bitcoin, the bearish divergence on the three-day chart is one of the reasons why Ethereum price crashed down by 15% in the last two weeks.

However, if the above mentioned outlook comes to reality for Bitcoin price, the smart contract token is likely to follow BTCs lead and tag the $2,200 hurdle, followed by the $2,543 blockades.

ETH/USDT 3-day chart

While the outlook for Ethereum price remains largely dependent on Bitcoin price, a failure to hold above the $1,817 support floor will invalidate the bullish scenario. In such a case, ETH could slide down to inefficiency, extending from $1,478 to $1,564.

Ripple price tried to remain bullish and complete the W-pattern as seen in the chart below. However, sever rejection at $0.532 level has paused the uptrend. Furthermore, a spike in selling pressure could likely knock XRP price down to retest the $0.426 support level.

If Bitcoin price kick-starts a rally, Ethereum and Ripple price are likely to follow its lead. In such a situation, XRP price could shoot up by 26% and attempt to overcome the $0.532 resistance level. A successful flip of this hurdle will open the path for the remittance token to retest the $0.609 barrier.

XRP/USDT 3-day chart

Regardless of the bullish outlook for XRP price, a failure in the SEC vs. Ripple lawsuit could have a serious implications on the tokens performance. If XRP price flips the $0.426 support level into a hurdle, it will invalidate the bullish outlook and potentially crash by 30% to tag the range low at $0.288.

See original here:

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Will FOMC end BTCs 2023 bull rally? - FXStreet