xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
xuanling11Crypto Paycheck
Photo by Mario Gogh on UnsplashEmployees will receive their paycheck in the period as a reward for their work. However, the employer wants to pay less to employees so that they can have maximum profits. The tension between working and anti-working has increased ever since. TL;DR Nobody wants to work unless they can pay fairly. Fiat payment may not be sustainable to satisfy what workers can contribute if the employer continues paying less and gaining more from profits. Employees will want thei...
xuanling11Defi Review #4: AAVE The Defi Lending Services
AAVE is a decentralized finance lending service before decentralized finance even existed. It is an innovation lending service in crypto and one of the first kind. However, the lending service may only restrict to the crypto community and it may expand into the traditional financial field later. TL;DR AAVE is a crypto lending financial service which to provides lending services to the crypto community. They focus on security and smart contract lending may be the future of financial services. ...
xuanling11Stablecoin Crisis
Stablecoin is in the crisis mode. The most reputable stablecoin USDC is depegged. It is all triggered by the traditional bank collapse - Silicon Valley Bank or SVB collapse. Why traditional bank collapse impacts crypto stablecoin? Let's sort this out and reveal how stablecoin operates. First, why SVB collapse? The short answer is overleveraged. SVB is one of the 20 largest commercial banking in the United States. Some even estimate the bank owned half of startup assets. Bank operated in ...
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There is excitement about the Ethereum Merge. Many may hope the Merge solves many existing problems, but those may become misconceptions.
Here are lists of misconceptions:
❎ Ethereum gas fees will reduce
❎ Transaction will be faster
❎ Ethereum blockchain will be a temporary halt
❎ Investors can withdraw staked ETH after the Merge
❎ Validators will not be able to withdraw rewards
❎ Running a node needs staking 32 ETH
❎ Staking APR is expected to triple
Here are reasons of misconceptions:
Ethereum gas fees will reduce
👉 lowering gas fees requires expanding network capacity
👉 rollup may help
Transaction will be faster
👉 it will not be noticeably faster than before
Ethereum blockchain will be a temporary halt
👉 no downtime
Investors can withdraw staked ETH after the Merge
👉 withdraw available after Shanghai upgrade
Validators will not be able to withdraw rewards
👉 it will be available to the validator immediately
Running a node needs staking 32 ETH
👉 any amounts work
Staking APR is expected to triple
👉 close to a ~50% increase
Why Merge, then?
I don't know. Probably there is nothing to move the crypto market at this point.
The End.
https://twitter.com/freeslave06/status/1559350621714653192
Kidding here.
Despite any false hope, the Merge is a start point to making the blockchain more sustainable.
https://consensys.net/knowledge-base/the-merge/
I do not agree with scalability as the single factor to the Merge but as the product of the upgrade.
https://twitter.com/SalomonCrypto/status/1559402384526258176
It is a test for an open-source organization to collaborate and produce a socially impacting project.
https://twitter.com/hasufl/status/1559908331145265156
Potentially, the market will benefit from this upgrade.
https://twitter.com/Montana_Wong/status/1556706440726716416
And helps Coinbase a bit:
https://twitter.com/WatcherGuru/status/1559926476543246337
There you have it, The Merger!
If you enjoy reading my articles, buy me a coffee here.
Photo by JESHOOTS.COM on Unsplash
There is excitement about the Ethereum Merge. Many may hope the Merge solves many existing problems, but those may become misconceptions.
Here are lists of misconceptions:
❎ Ethereum gas fees will reduce
❎ Transaction will be faster
❎ Ethereum blockchain will be a temporary halt
❎ Investors can withdraw staked ETH after the Merge
❎ Validators will not be able to withdraw rewards
❎ Running a node needs staking 32 ETH
❎ Staking APR is expected to triple
Here are reasons of misconceptions:
Ethereum gas fees will reduce
👉 lowering gas fees requires expanding network capacity
👉 rollup may help
Transaction will be faster
👉 it will not be noticeably faster than before
Ethereum blockchain will be a temporary halt
👉 no downtime
Investors can withdraw staked ETH after the Merge
👉 withdraw available after Shanghai upgrade
Validators will not be able to withdraw rewards
👉 it will be available to the validator immediately
Running a node needs staking 32 ETH
👉 any amounts work
Staking APR is expected to triple
👉 close to a ~50% increase
Why Merge, then?
I don't know. Probably there is nothing to move the crypto market at this point.
The End.
https://twitter.com/freeslave06/status/1559350621714653192
Kidding here.
Despite any false hope, the Merge is a start point to making the blockchain more sustainable.
https://consensys.net/knowledge-base/the-merge/
I do not agree with scalability as the single factor to the Merge but as the product of the upgrade.
https://twitter.com/SalomonCrypto/status/1559402384526258176
It is a test for an open-source organization to collaborate and produce a socially impacting project.
https://twitter.com/hasufl/status/1559908331145265156
Potentially, the market will benefit from this upgrade.
https://twitter.com/Montana_Wong/status/1556706440726716416
And helps Coinbase a bit:
https://twitter.com/WatcherGuru/status/1559926476543246337
There you have it, The Merger!
If you enjoy reading my articles, buy me a coffee here.
Photo by JESHOOTS.COM on Unsplash
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