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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Ethereum sets to Merge on September 15.
https://twitter.com/WatcherGuru/status/1558076486065725440
This event is excellent news for many users but bad for the miners.
https://twitter.com/binance/status/1558166528415219713
Miners are launching their own chain to oppose the Merge. One of them is ETHW. Since Ethereum shifts from Proof of Work to Proof of Stake, miners' profits are likely dramatically reduced.
There are 4 phases of the Merge:
surge
verge
purge
splurge
Surge Surge is the addition of Ethereum sharding that further reduces the cost of layer 2 blockchains, the cost of rollups, and bundled transactions.
Verge Verge is implementing Verkle trees that allow users to become network validators without having to store a large amount of data on their machines.
Purge Purge is to cut down the spaces you used to have in your hard drive and simplify the Ethereum protocol over time.
Splurge Splurge is the rest of the update process to add more features to the Ethereum blockchain.
https://twitter.com/milesdeutscher/status/1550315295402668032
Why should I care?
https://twitter.com/xuanling11/status/1558348564790534144
You probably don't care about the Merge anyway. That is okay.
The only thing you may care about is that you can stake Ethereum sometime after the Merge.
https://twitter.com/xuanling11/status/1558356283954044929
Let's see how smooth the Merge will be.
If you enjoy reading my articles, buy me a coffee here. Photo by Nenad Novaković on Unsplash
Ethereum sets to Merge on September 15.
https://twitter.com/WatcherGuru/status/1558076486065725440
This event is excellent news for many users but bad for the miners.
https://twitter.com/binance/status/1558166528415219713
Miners are launching their own chain to oppose the Merge. One of them is ETHW. Since Ethereum shifts from Proof of Work to Proof of Stake, miners' profits are likely dramatically reduced.
There are 4 phases of the Merge:
surge
verge
purge
splurge
Surge Surge is the addition of Ethereum sharding that further reduces the cost of layer 2 blockchains, the cost of rollups, and bundled transactions.
Verge Verge is implementing Verkle trees that allow users to become network validators without having to store a large amount of data on their machines.
Purge Purge is to cut down the spaces you used to have in your hard drive and simplify the Ethereum protocol over time.
Splurge Splurge is the rest of the update process to add more features to the Ethereum blockchain.
https://twitter.com/milesdeutscher/status/1550315295402668032
Why should I care?
https://twitter.com/xuanling11/status/1558348564790534144
You probably don't care about the Merge anyway. That is okay.
The only thing you may care about is that you can stake Ethereum sometime after the Merge.
https://twitter.com/xuanling11/status/1558356283954044929
Let's see how smooth the Merge will be.
If you enjoy reading my articles, buy me a coffee here. Photo by Nenad Novaković on Unsplash
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