DD
MM
YYYY

PAGES

DD
MM
YYYY

spot_img

PAGES

Home Blog Page 3978

Coinbase’s Base Mainnet Officially Opens to the Public

0

Coinbase, one of the leading cryptocurrency exchanges in the world, has announced that its Base Mainnet is now open to the public. The Base Mainnet is a layer-2 scaling solution that aims to improve the speed, security and scalability of Ethereum transactions. The Base Mainnet leverages zero-knowledge proofs, a cryptographic technique that allows users to verify transactions without revealing any sensitive information. By using this technology, the Base Mainnet can process thousands of transactions per second, while reducing gas fees and congestion on the Ethereum network.

Base Network is a decentralized platform that aims to provide a secure and scalable solution for the Internet of Things (IoT). Base Network is built on a novel consensus mechanism called Proof-of-Interaction (PoI), which leverages the interactions between IoT devices to achieve consensus. PoI is designed to be lightweight, energy-efficient, and resilient to attacks. PoI also enables Base Network to support a large number of IoT devices without compromising performance or security.

Base Network consists of three layers: the Base Layer, the Service Layer, and the Application Layer. The Base Layer is responsible for maintaining the PoI consensus and the ledger of transactions. The Service Layer provides various services for IoT applications, such as identity management, data storage, and smart contracts. The Application Layer is where developers can build and deploy their own IoT applications using the Base Network SDK.

Base Network aims to create a decentralized and interoperable IoT ecosystem that can support various use cases, such as smart cities, smart homes, smart agriculture, and smart healthcare. By using Base Network, IoT devices can communicate and collaborate with each other in a trustless and efficient way, without relying on centralized intermediaries or gateways.

Coinbase has been developing the Base Mainnet since 2019, in collaboration with StarkWare, a company that specializes in zero-knowledge proofs. The Base Mainnet was initially launched in beta mode in March 2021, and has been tested by over 100,000 users and 200 developers.

According to Coinbase, the Base Mainnet is compatible with any Ethereum wallet and smart contract, and supports ERC-20 tokens, NFTs and stablecoins. Users can easily transfer their assets from Ethereum to the Base Mainnet and vice versa, using Coinbase’s bridge service.

Coinbase also stated that the Base Mainnet is fully decentralized and permissionless, meaning that anyone can join the network and run a node. The Base Mainnet uses a proof-of-stake consensus mechanism, where validators stake their tokens to secure the network and earn rewards.

Coinbase’s Base Mainnet is expected to boost the adoption and innovation of Ethereum-based applications, especially in the fields of decentralized finance (DeFi), gaming and social media. Coinbase said that it will continue to work with StarkWare and other partners to improve the performance and features of the Base Mainnet, and to integrate it with other platforms and services.

Coinbase’s Base Mainnet is a major milestone for the cryptocurrency industry, as it demonstrates the potential of layer-2 solutions to enhance the user experience and scalability of blockchain networks. Coinbase invites all users and developers to try out the Base Mainnet and provide feedback on its website.

The announcement of the base network has been met with positive reactions from both investors and customers, as Coinbase shares have surged by 15% in the past week. The company’s market capitalization has reached $120 billion, making it one of the most valuable fintech firms in the world. Coinbase’s CEO, Brian Armstrong, said that the base network will be a game-changer for the crypto industry, as it will offer a more scalable and secure solution for millions of users.

Coinbase’s base network will also support various decentralized applications (Dapps) and smart contracts, which will enable new use cases and innovations in the crypto space. The company has already partnered with several leading Dapps developers, such as Uniswap, Compound, and Aave, to integrate their services on the base network. Coinbase’s base network will also be compatible with other major blockchains, such as Ethereum and Bitcoin, allowing users to seamlessly transfer their assets across different platforms.

Coinbase’s base network announcement is a clear sign of the company’s ambition and vision to become the leading provider of crypto services in the world. The company has been investing heavily in research and development, as well as expanding its global presence and regulatory compliance. Coinbase’s base network will not only benefit its existing users, but also attract new ones who are looking for a more efficient and user-friendly way to access the crypto market.

eTranzact Posts H1 2023 Report, Records Profit of N1.01 Billion, A 149% Increase From H1 2022

0

Africa’s premier e-payments solution provider delivering electronic transaction switching and payment processing solutions, eTranzact, has posted an impressive financial performance in the first half of 2023.

eTranzact first half 2023 report, saw its profit rise to N1.01 billion, a 149% increase, compared to the same quarter in the previous year, which saw the company earn N408 million in unaudited profit.

The payment services provider surpassed its projections, with its half-year profit, above the predicted N582 million for the third quarter of 2023.  Similarly, it earned N17.37 billion as its revenue for H1 2023. This figure is higher than the net revenue of N9.13 billion it forecasted for September 30, 2023.

In the first half of 2023, the company achieved a profit before tax of N1.4 billion, a notable ascent from the corresponding period in 2022, during which the company recorded a Profit before tax of N601 million.

Also, it achieved an impressive operating profit of N1.3 billion in the first half of 2023, reflecting a substantial growth from its operating profit of N476 million in the same period of 2022. This represents a remarkable percentage increase of approximately 185.25%.

One notable factor for the impressive performance of eTranzact in H1 2023, is attributed to its novel approach to payment processing.

The company offers a service known as “SwitchIT” that provides switching services for electronic transactions, enabling seamless and secure transfer of transaction data between different participants in the payment ecosystem.

Through its SwitchIT, eTranzact conducted transactions worth more than N50 trillion in the 2022 financial year, up from N39 trillion processed in 2021. The focus and expansion of the company’s core switching services have been pivotal in the improvement of its performance, and the service’s ability to minimize service downtime bolstered customer satisfaction.

Key Features of eTranzact SwitchIT include:

1. Interoperability: SwitchiT provides a standardized platform for different payment networks to communicate and process transactions regardless of the specific technology or protocols they use.

2. Authorization: The service facilitates real-time transaction authorization, ensuring that transactions are valid, funds are available, and security checks are performed before a transaction is approved.

3. Settlement: eTranzact SwitchIT plays an active role in settling transactions between the involved parties, ensuring that funds are transferred appropriately and reconciled between various accounts.

4. Security: Given the sensitive nature of financial transactions, security features are a critical component of eTranzact’s SwitchiT, including encryption, fraud prevention measures, and compliance with industry standards.

5. Reporting and Analytics: The switching service offers reporting and analytics tools to monitor transaction trends, track performance, and identify any anomalies or issues.

eTranzact remains poised and committed to being a regional leader in the medium term and the long term, a global leader in the electronic and mobile payment industry.

To this end, the company has ensured to continue to deliver secure, cost-effective, and innovative electronic and mobile payment services that are compliant with globally recognized standards.

Notably, it has consistently invested in technology and innovation to improve its services and stay ahead in the rapidly evolving fintech landscape. This commitment to innovation has enabled eTranzact to offer secure and reliable electronic payment solutions to its customers.

Decentralization at its Finest: Comparing DogeMiyagi’s DAO Empowerment to Ethereum and Solana Governance Models

0

In order to empower users, build confidence, and support democratic decision-making, decentralization is a fundamental principle of the crypto sphere. What sets DogeMiyagi(MIYAGI) apart isn’t just its catchy name; it’s the transition to a Decentralized Autonomous Organization (DAO) and the unique governance. Solana (SOL), the high-performance blockchain network, and Ethereum (ETH), the ground-breaking smart contract platform but 2500 ETH burns is a notable event, as it contributes to the overall reduction of Ethereum’s circulating supply, potentially impacting its scarcity and value over time.

However, as Ethereum experiences notable market activity with the recent 2500 ETH Burns, an alternative contender steps into the limelight – DogeMiyagi. In this comparative article, we delve into the intricacies of these three entities, exploring the benefits of decentralized decision-making within the DogeMiyagi ecosystem, and offering a fresh perspective on project development in the world of fintech.

Ethereum: Pioneering the Smart Contract Revolution

Ethereum, often referred to as the “world computer,” laid the foundation for decentralized applications and smart contracts. Launched in 2015 by Vitalik Buterin, Ethereum introduced a groundbreaking concept that extended beyond mere transactions. The Ethereum market has been experiencing significant movement lately, driven in part by the 2500 ETH burns. Smart contracts, self-executing agreements with terms directly written into code, brought a new dimension to blockchain technology. 2500 ETH burns involves sending it to an address where it becomes unspendable, effectively reducing the total supply of Ethereum in circulation.

Ethereum’s governance primarily relies on a community-driven approach. Decisions are proposed and discussed within the Ethereum Improvement Proposal (EIP) process, where participants debate changes, improvements, and upgrades to the network. Ethereum’s transition to Ethereum 2.0 further underscores its unwavering commitment to decentralization. This move involves shifting from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, empowering token holders to take a more proactive role in the network’s decision-making processes.

Solana: Speeding Up Blockchain Transactions

Solana, a relatively newer player in the blockchain ecosystem, differentiates itself with its remarkable transaction speeds and scalability. Solana was designed to address the scalability issues faced by many other blockchains, leveraging a unique consensus mechanism known as “Proof of History” (PoH) alongside PoS. This combination enables Solana to process thousands of transactions per second without compromising on security.

Solana’s governance model, similar to Ethereum’s, encourages community involvement. Proposals for protocol upgrades and changes are submitted through the Solana Improvement Proposal (SIP) process. Community members and validators collaborate to assess and vote on these proposals, ensuring a collective voice guides the platform’s evolution.

DogeMiyagi: From Meme to DAO Empowerment

DogeMiyagi, often celebrated as a top new memecoin, has captured the attention of the crypto community with its playful yet purposeful approach. Beyond the humor, DogeMiyagi is making a profound shift by transitioning to a DAO. This transition empowers its community members to actively participate in decision-making processes, aligning with the broader theme of decentralization within the crypto space.

At the core of DogeMiyagi’s model is decentralized decision-making. Through its DAO structure, token holders are granted voting power on important matters, such as project development, partnerships, and even meme contests. This approach ensures that the community’s collective wisdom shapes the project’s trajectory, reducing centralized control and fostering a sense of ownership among members.

Final Words

In the realm of cryptocurrency and fintech, Ethereum and Solana have paved the way for blockchain innovation, each with its unique strengths. However, the emergence of DogeMiyagi and its transition to a DAO introduces a novel approach that emphasizes community empowerment and inclusivity.The 2500 ETH burns is a notable event, as it contributes to the overall reduction of Ethereum’s circulating supply, potentially impacting its scarcity and value over time.  As the fintech landscape continues to evolve, the concept of DAOs and decentralized decision-making could become a cornerstone, enabling projects like DogeMiyagi to stand out as leaders in the crypto market.

Be a part of this groundbreaking movement, and consider joining the DogeMiyagi presale—an opportunity to contribute to a network poised to lead the crypto market with its innovative approach.

 

Find out more about DogeMiyagi (MIYAGI):

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi

Exploring Unique Tokenomics: Scorpion Casino Token, Avalanche, & Polygon – A Comparative Analysis For The Crypto Community To Identify Crypto Signals

0

As the Crypto community continues to expand, high-risk investors are seeking opportunities for substantial returns. One such opportunity lies in understanding and investing in tokens with unique tokenomics. In this analysis, we will delve into the token distribution, inflation rate, and token burning mechanisms of Scorpion Casino Token ($SCORP), Avalanche ($AVAX), and Polygon ($MATIC). By comparing and contrasting these tokens, we can gain insights into their potential value and long-term prospects. Read on to discover the unique traits of $SCORP and why it deserves attention in the high-risk market.

Crypto Signals: Unveiling The Hidden Gems Of Tokenomics

Token distribution plays a crucial role in determining a token’s value and ecosystem dynamics. $SCORP, with its presale allocation of 40%, aims to secure the necessary funding for development and marketing efforts. This ensures that the Scorpion Casino Token ecosystem receives the necessary resources to thrive. In contrast, Avalanche ($AVAX) and Polygon ($MATIC) have different token distribution models. AVAX allocates 50% to staking rewards, incentivizing participation and securing the network. MATIC, on the other hand, focuses on the initial supply, matching it with the previous token, which ensures widespread distribution from day one.

Inflation Rate:

Understanding the inflation rate of a token is crucial for evaluating its long-term viability. In the case of $SCORP, its inflation rate is influenced by the token burning mechanism and token taxes. Through a 2% burn rate after each transaction, $SCORP decreases its supply, enhancing scarcity and potentially increasing token value. The token taxes, including liquidity contribution and marketing allocation, provide ongoing support for the ecosystem while simultaneously reducing the overall supply. This balanced approach aims to create a sustainable environment for $SCORP investors. In comparison, Avalanche ($AVAX) and Polygon ($MATIC) have different approaches to inflation. $AVAX has a predetermined emission rate, providing base incentives for validators and establishing a level playing field, while $MATIC emission is based on a predetermined, deterministic rate to support the growth of the ecosystem.

Token Burning Mechanisms:

Token burning is a crucial mechanism for managing token supply and enhancing value. $SCORP implements a 1% burn after each transaction, gradually reducing the total token supply over time. This burning process contributes to scarcity and may positively impact long-term returns for investors. Avalanche ($AVAX) and Polygon ($MATIC) have distinct tokenomics in this regard. $AVAX has a predetermined emission rate, which ensures the token supply remains controlled and manageable. Polygon’s tokenomics focus on emission reduction or discontinuation after a certain period, giving the community the power to intervene based on the ecosystem’s maturity and economic support needs.

In conclusion, in the highly competitive and ever-evolving Crypto landscape, understanding tokenomics is crucial for making informed investment decisions. Scorpion Casino Token ($SCORP) stands out with its unique token distribution, inflation rate, and token burning mechanisms. Its allocation structure ensures adequate funding for development, marketing, and team support. The combination of token burning and taxes helps maintain scarcity, while supporting liquidity and growth. By investing in $SCORP now, high-risk investors have the potential for substantial returns in the long run.

To explore the Scorpion Casino Token further and seize the presale opportunity, visit the Scorpion Token website. Don’t miss out on this chance to be part of a project with promising traits for longevity and success.

For More On Scorpion Token

 

Presale: https://presale.scorpion.casino/

Twitter: https://twitter.com/ScorpionCasino

Telegram: https://t.me/scorpioncasino_official

DogeMiyagi’s NFT Ecosystem: A Tale of Sandbox and ApeCoin

0
A man walks past the logo of Gemini Trust, a digital currency exchange and custodian, during the Bitcoin Conference 2022 in Miami Beach, Florida, U.S. April 6, 2022. REUTERS/Marco Bello/Files

The emergence of Non-Fungible Tokens (NFTs) has fundamentally altered how we understand ownership and interaction in virtual environments, a field that has been constantly evolving. Cryptocurrencies stand out with their distinct approaches to growth. All Three potential investments DogeMiyagi, Sandbox, and Ape Coin: DogeMiyagi(MIYAGI) prioritizes its community, Sandbox empowers its creator in the metaverse, and Ape Coin supports the decentralized government.

As we journey through the intricate web of decentralized finance (DeFi) and explore the enigmatic universe of DogeMiyagi, we uncover an immersive NFT ecosystem that stands as a unique testament to creativity and investment potential. In this comparative analysis, we discuss remarkable contrasts between DogeMiyagi and other virtual worlds, such as Sandbox and ApeCoin, shedding light on their diverse experiences and how they contribute to a distinctive legacy.

Sandbox: Where Creativity Collides

Sandbox stands as a vibrant virtual universe that champions user-generated content and creativity. It is a realm where imagination runs wild, offering a blank canvas for creators to sculpt and share their digital dreams. While Sandbox pioneers user-generated content within the NFT ecosystem, its approach differs fundamentally from DogeMiyagi.

The Sandbox strongly emphasizes fostering artistic expression and giving users the tools they need to build and sell their virtual worlds.The platform’s high ROI potential results from content providers’ capacity to make money from their own creations. The emphasis on individual expression distinguishes it from DogeMiyagi’s immersive group experience, even though its attitude appeals to individuals seeking creative freedom.

ApeCoin: Unveiling the Primal Power of NFTs

ApeCoin roars onto the NFT scene with a primal force, channeling the raw energy of NFTs into a domain that draws inspiration from the animal kingdom. Its appeal lies in the fusion of financial opportunity and artistic representation, encapsulating a unique narrative that engages both investors and art enthusiasts alike.

The core of ApeCoin is its commitment to lining up with the intuition of investors and collectors. ApeCoin offers a bridge between the digital and physical worlds by fusing NFTs with physical assets, opening up a variety of engagement opportunities. While ApeCoin survives on its capacity to engage audiences with its distinctive NFT-backed assets, DogeMiyagi focuses on unifying the NFT ecosystem.

DogeMiyagi: A Gateway to Limitless Possibilities

DogeMiyagi, a trailblazing presence in the NFT ecosystem, has carved its niche by curating an exclusive domain that fuses cutting-edge technology with artistic brilliance. This platform has redefined how NFTs are perceived, boasting a fusion of immersive visuals, artistic storytelling, and unprecedented levels of interactivity. Unlike its counterparts, DogeMiyagi introduces a captivating twist to DeFi, emphasizing community-driven participation as an integral element in its ecosystem.

What truly sets DogeMiyagi apart is its commitment to delivering an engaging and multifaceted user experience. Top Tokens of 2023 find their haven here, showcasing High ROI potentials within a carefully nurtured environment. The platform’s immersive landscapes invite users to explore intricately designed worlds, each NFT meticulously crafted to resonate with its audience. Bursting with perplexity and creativity, DogeMiyagi’s offerings appeal to both seasoned investors and newcomers seeking insights into the NFT landscape.

The Takeaway

In the intricate tapestry of NFT ecosystems, DogeMiyagi emerges as a vibrant thread that weaves innovation, community, and artistry into a harmonious symphony. Its contrast with Sandbox and ApeCoin showcases the myriad ways in which NFTs can be harnessed to create unique experiences. For new investors seeking market insights and seasoned enthusiasts navigating the NFT landscape, DogeMiyagi stands as a beacon of potential, inviting all to become part of the MIYAGI community. 

Become part of the MIYAGI community and embark on a journey of immersive NFT experiences today.

 

Find out more about DogeMiyagi (MIYAGI):

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi