Ethereum founder criticizes transferable govt, community responds
Vitalik Buterin, the Ethereum founder, says backing DAOs with transferrable governance tokens is incongruous and empowers the oligarchs. As decentralized autonomous organizations (DAOs) gain popularity in the blockchain industry, the governance debate becomes increasingly heated. Vitalik Buterin, the Ethereum founder, emphasized the conflict between granting authority to a select few and the option to voluntarily […]
Here’s Why This Ethereum Layer 2 Token Faces Dump At Launch
The governance token of the HOP Protocol declines in value on launch on Friday, as traders seemed to be abandoning the token after it was airdropped. With approximately 12,000 addresses claiming the airdrop, the Ethereum Layer-2 protocol launched an airdrop for users . About 20 million HOP tokens have been claimed, accounting for approximately 37.51% […]
Ethereum (ETH) Recovers $1800 After Successful Shift To PoS On Ropsten
The successful deployment of proof of stake (PoS) merging on one of its oldest testnets saw Ethereum (ETH) prices recovering on Thursday. ETH has risen slightly to reclaim the $1800 in the last 24 hours. This comes after the token was severely rejected from $2000 a few days ago. The token’s mild recovery appears to […]
TrueFi lending protocol launches on Optimism
Protocol for unsecured lending TrueFi is the newest project to debut on Optimism, Ethereum’s popular layer-2 scaling solution. TrueFi’s lender community will benefit from a speedier and less expensive user experience, as well as exposure to a larger pool of retail lenders, by launching on Optimism. In a written statement, Rafael Cosman, co-founder of TrustToken, […]
What Are The Blockchains Used For NFT Development?
One of the most popular use cases of blockchain technology, non-fungible tokens (NFTs), is widely used to display and trade ownership of physical and digital objects and intellectual property. This article aims to fully explain the different blockchains used for NFT development. What distinguishes an NFT from a digital image is the use of metadata, […]