IBC Group, NFT Tech, Faith Tribe to launch fashion-focused launchpad
Venhuizen, Netherlands, June 6, 2022 — Web3 and cryptocurrency incubators NFT Tech and International Blockchain Consulting (IBC) Group have partnered with the open-source fashion design platform Faith Tribe to launch Fashion DAO — a fashion-focused launchpad for fashion brands and creators looking to make a breakthrough in the Web3 arena. The launchpad lets fashion-focused companies tokenize and enter the nonfungible token (NFT) space to participate in a growing Web3 ecosystem and connect wit...
A brief history of Bitcoin crashes and bear markets: 2009–2022
Bitcoin (BTC) experienced one of its most brutal crashes ever in 2022, with the BTC price plummeting below $20,000 in June after peaking at $68,000 in 2021. June 2022 has become the worst month for Bitcoin since September 2011, as its monthly losses mounted to 40%. The cryptocurrency also posted its heaviest quarterly losses in 11 years. However, the current market sell-off doesn’t make Bitcoin crashes and bear markets exclusive to 2022. In fact, Bitcoin has survived its fair share of crypto ...
Innovation will drive NFT adoption despite mainstream presence: NFTGo founder
The presence of big players in the nonfungible tokens market might evangelize newbies, but they do not lead to mass adoption or innovation, claimed Tony Ling, co-founder of NFTGo in a conversation with Cointelegraph. Major developments, such as Adobe's acquisition of Figma, would potentially impact creators per the combination of both the companies' features. Adobe, for example, owns Behance, a creative showcase platform that allows users to connect crypto wallets and NFTs to their ...
BitcoinBSV
IBC Group, NFT Tech, Faith Tribe to launch fashion-focused launchpad
Venhuizen, Netherlands, June 6, 2022 — Web3 and cryptocurrency incubators NFT Tech and International Blockchain Consulting (IBC) Group have partnered with the open-source fashion design platform Faith Tribe to launch Fashion DAO — a fashion-focused launchpad for fashion brands and creators looking to make a breakthrough in the Web3 arena. The launchpad lets fashion-focused companies tokenize and enter the nonfungible token (NFT) space to participate in a growing Web3 ecosystem and connect wit...
A brief history of Bitcoin crashes and bear markets: 2009–2022
Bitcoin (BTC) experienced one of its most brutal crashes ever in 2022, with the BTC price plummeting below $20,000 in June after peaking at $68,000 in 2021. June 2022 has become the worst month for Bitcoin since September 2011, as its monthly losses mounted to 40%. The cryptocurrency also posted its heaviest quarterly losses in 11 years. However, the current market sell-off doesn’t make Bitcoin crashes and bear markets exclusive to 2022. In fact, Bitcoin has survived its fair share of crypto ...
Innovation will drive NFT adoption despite mainstream presence: NFTGo founder
The presence of big players in the nonfungible tokens market might evangelize newbies, but they do not lead to mass adoption or innovation, claimed Tony Ling, co-founder of NFTGo in a conversation with Cointelegraph. Major developments, such as Adobe's acquisition of Figma, would potentially impact creators per the combination of both the companies' features. Adobe, for example, owns Behance, a creative showcase platform that allows users to connect crypto wallets and NFTs to their ...
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Samson Mow, a well-known Bitcoin proponent, recently took to social media to talk about the centralization aspects of the upcoming Merge, which he claimed isn’t widely known.
Ethereum is in the countdown mode after the completion of the Bellatrix upgrade on Sept. 6 and is all set for the official transition between Sept.13-15, depending on the hashrate (computer power) input on the network. The Merge is slated to be triggered by a difficulty threshold called the Terminal Total Difficulty (TTD) at a value of 58750000000000000000000.
Mow claimed that while everyone thinks that the Merge will be triggered by pre-set threshold difficulty, there is one aspect that not many people have paid attention to. He said node operators have the power to overwrite the TTD value by a single line of code.
Mow cited a Galaxy blog post highlighting the key centralization issue with the Merge and claimed that Ethereum has knowingly suppressed this fact.
He noted that with few nodes that matter, “so those in charge can simply “feed the actual value” for activation time whenever they feel like it. What’s hilarious is they then make tracker sites to “predict” when it will happen.”
Cointelegraph reached out to Mow to get his perspective on the upcoming Merge and the centralization debate looming around Ethereum’s upcoming transition. Mow told Cointelegraph that with a move to proof-of-stake (PoS), the “centralization aspect of Ethereum would become permanent.”
Related: Vitalik reminds node operators to update client before the Bellatrix upgrade
He added that in a PoS system, node operators are solely responsible for decision making which is clear from the TTD override example. He said:
“If Ethereans really wanted to have something energy efficient, scalable, and cheaper, they would be doing R&D on Bitcoin second layer technologies like Lightning and Liquid.”
Ethereum’s transition to a PoS network started out as a strategy to address its scalability woes but soon became a case for energy efficiency amid growing scrutiny around the Bitcoin network’s energy consumption. The Merge would mark the completion of the second phase of the three-phase transition process, and the majority of key benefits, including cheaper gas fees and faster transaction throughput, will arrive with the completion of the third phase.
Samson Mow, a well-known Bitcoin proponent, recently took to social media to talk about the centralization aspects of the upcoming Merge, which he claimed isn’t widely known.
Ethereum is in the countdown mode after the completion of the Bellatrix upgrade on Sept. 6 and is all set for the official transition between Sept.13-15, depending on the hashrate (computer power) input on the network. The Merge is slated to be triggered by a difficulty threshold called the Terminal Total Difficulty (TTD) at a value of 58750000000000000000000.
Mow claimed that while everyone thinks that the Merge will be triggered by pre-set threshold difficulty, there is one aspect that not many people have paid attention to. He said node operators have the power to overwrite the TTD value by a single line of code.
Mow cited a Galaxy blog post highlighting the key centralization issue with the Merge and claimed that Ethereum has knowingly suppressed this fact.
He noted that with few nodes that matter, “so those in charge can simply “feed the actual value” for activation time whenever they feel like it. What’s hilarious is they then make tracker sites to “predict” when it will happen.”
Cointelegraph reached out to Mow to get his perspective on the upcoming Merge and the centralization debate looming around Ethereum’s upcoming transition. Mow told Cointelegraph that with a move to proof-of-stake (PoS), the “centralization aspect of Ethereum would become permanent.”
Related: Vitalik reminds node operators to update client before the Bellatrix upgrade
He added that in a PoS system, node operators are solely responsible for decision making which is clear from the TTD override example. He said:
“If Ethereans really wanted to have something energy efficient, scalable, and cheaper, they would be doing R&D on Bitcoin second layer technologies like Lightning and Liquid.”
Ethereum’s transition to a PoS network started out as a strategy to address its scalability woes but soon became a case for energy efficiency amid growing scrutiny around the Bitcoin network’s energy consumption. The Merge would mark the completion of the second phase of the three-phase transition process, and the majority of key benefits, including cheaper gas fees and faster transaction throughput, will arrive with the completion of the third phase.
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