Ethereum developer discusses node centralization before Merge
Most of the 4,653 active Ethereum nodes are managed by centralized web service providers like Amazon Web Services, which experts worry might turn into a single point of failure. In a few weeks, Ethereum will formally switch from its current proof-of-work (PoW) mining consensus to a proof-of-stake (PoS) mining consensus. The official Merge transfer is […]
Zipmex wants to meet with Thai officials for “recovery strategy”
According to the company, the discussions would also involve representatives from Zipmex, Thailand’s SEC, and other governmental organizations. To discuss the company’s “recovery strategy,” Zipmex has asked to meet with the Securities Exchange Commission of Thailand (SEC) and other regulators. In a statement released on August 25, Zipmex stated that it has sent a letter […]
Xbox executive excited about Metaverse but wary of P2E games
Phil Spencer says “gamers have been in the Metaverse for 30 years” since games offer 3D shared environments. Although Phil Spencer, the CEO of Microsoft’s Xbox division, is upbeat about the Metaverse, he is “conservative” about play-to-earn (P2E) cryptocurrency games because of their speculative and economic elements. Although many gamers are not yet convinced by […]
Synthetix wants to permanently stop using SNX money printer
If the plan were to be implemented, Synthetix would operate much more like a conventional company by only collecting fees and giving the money to SNX holders. Kain Warwick, the creator of Synthetix’s decentralized finance (DeFi) technology, has proposed a proposal that would stop excessively high yield returns for SNX stakers and set a 300 […]
Cardano hard fork ‘closer’ as 42% of blocks have upgraded SPOs
Before conducting the Vasil hard fork, IOHK wants to see at least 75% of new blocks come from improved nodes in addition to two additional “important signs”. The blockchain business that runs the Cardano network, Input Output Hong Kong (IOHK), has revealed the status of three crucial indications that will launch the mainnet update, claiming […]