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            <title><![CDATA[ArcadeNetwork announces Partnership with GovWorld]]></title>
            <link>https://paragraph.com/@debonairmeerkat5/arcadenetwork-announces-partnership-with-govworld</link>
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            <pubDate>Thu, 19 May 2022 05:45:43 GMT</pubDate>
            <description><![CDATA[ArcadeNetwork is back again with another partnership and this time with GovWorld. GovWorld is an added utility for metaverse, NFT, and altcoin projects & their communities. Leveraging the power of the most customizable P2P lending protocol on the blockchain, community strong holders can now unlock liquidity in the form of USDT, USDC, DAI, or BUSD against the value of their NFT and altcoin portfolio. This collaboration will focus on technological improvement and marketing advancement, with the...]]></description>
            <content:encoded><![CDATA[<p>ArcadeNetwork is back again with another partnership and this time with GovWorld. GovWorld is an added utility for metaverse, NFT, and altcoin projects &amp; their communities. Leveraging the power of the most customizable P2P lending protocol on the blockchain, community strong holders can now unlock liquidity in the form of USDT, USDC, DAI, or BUSD against the value of their NFT and altcoin portfolio.</p><p>This collaboration will focus on technological improvement and marketing advancement, with the goal of raising brand recognition. There will be a variety of technological linkages, including cross-platform and verse integration. Both sides will use AMAs, live streaming, and events to promote their products.</p><p>ArcadeNetwork is a well-defined, intuitive, and resourceful decentralizing platform that provides an advanced experience in gaming metaverses. Powered by Polygon, it provides interoperability in the gaming ecosystem. They also aim to standardize the gaming industry with their $ARC tokens, providing easy transactions at any point in time.</p><p>Social Media Channels:</p><p>Website | Telegram | Twitter | Medium | Facebook | LinkedIn | Instagram</p><p>GovWorld is the first Defi ecosystem of its kind, leveraging the power of the most customizable P2P, cross-chain lending protocol on the blockchain. Able to collateralize any approved altcoin or NFT for public or private loans of USDC, USDT, BUSD, or DAI. This is where users can unlock their liquidity, retain tier-level benefits &amp; staking rewards, and have 100% freedom to choose their terms.</p><p>Website | Twitter | Telegram | Medium</p>]]></content:encoded>
            <author>debonairmeerkat5@newsletter.paragraph.com (debonairMeerkat5)</author>
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        <item>
            <title><![CDATA[Too Big to Fail? Crypto Market Size vs Traditional Assets]]></title>
            <link>https://paragraph.com/@debonairmeerkat5/too-big-to-fail-crypto-market-size-vs-traditional-assets</link>
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            <pubDate>Sun, 08 May 2022 16:00:25 GMT</pubDate>
            <description><![CDATA[Disclaimer: The following article was written with data from 4 January 2022. NGRAVE will do its best to keep it updated. However, the text aims to demonstrate the order of magnitude and should not be interpreted as scientifically precise. While it’s natural to wonder where we go from here (forget the moon, we’re shooting for exoplanets!), now seems like a good time to press pause and take stock. After all, we can become so obsessed with numbers that we don’t really bother to set them in prope...]]></description>
            <content:encoded><![CDATA[<p>Disclaimer: The following article was written with data from 4 January 2022. NGRAVE will do its best to keep it updated. However, the text aims to demonstrate the order of magnitude and should not be interpreted as scientifically precise.</p><p>While it’s natural to wonder where we go from here (forget the moon, we’re shooting for exoplanets!), now seems like a good time to press pause and take stock. After all, we can become so obsessed with numbers that we don’t really bother to set them in proper context. Logically, the best way to appreciate the significance of a figure like $2.35 trillion is by comparing it to the value of other industries, assets, and investments.</p><p>If you’ve ever wondered how big the crypto market is relative to, say, national public debt, the real estate market, or global gold reserves, you’ve come to the right place. Let’s do this.</p><p>Cryptocurrency is many things to many people. But while people can argue all day long about whether tokens are best viewed as stores of value or mediums of exchange, we can probably all agree on one thing: digital assets are, well, assets.</p><p>With this in mind, a good starting point for assessing the value of the crypto market is to compare it to other asset classes: precious metals, real estate, equities, debt securities, etc.</p><p>Let’s start with precious metals, since the most valuable cryptocurrency of them all — bitcoin — is frequently touted as ‘digital gold.’ At present, gold has a market cap of $11.4 trillion, making it around 5x the size of the cryptocurrency market and 13x the size of bitcoin ($0.88tn). Of course, gold has been around for thousands of years and has numerous applications — jewellery, electronics, etc — so this is hardly a surprise.</p><p>Even so, bitcoin’s programmed scarcity is increasingly causing investors to view it as a comparably sound safe-haven asset. In 2021, $10 billion has been pulled from gold funds as BTC posted new ATHs amid rampant money-printing. According to billionaire hedge fund manager Paul Tudor Jones, digital gold is “winning the race” against its physical counterpart.</p><p>Interestingly, the crypto market is almost double the size of the global silver market which stands at $1.28 trillion.</p><p>Comparing a decade-old industry to the global real estate sector seems borderline cruel, but we’re going to do it anyway. While the value of all the world’s real estate is somewhat difficult to gauge, it’s thought to be around four times as much as global GDP — and at least 160x that of crypto’s market cap.</p><p>Give or take a trillion, the real estate market is valued at an eye-watering $340 trillion, making it the most significant store of wealth known to man. Commercial real estate, incidentally, represents about 10% of the total figure.</p><p>While the crypto market is a pygmy compared to the $122 trillion global equity market (October 2021), it’s not in a vastly different universe to the U.S. equity market, which is valued at $50tn, or the E.U. equities market which stands at $14tn. We’ll take a look at individual company shares later in the article…</p><p>When set against individual nations’ Gross Domestic Product (the value of all goods and services produced within a country’s borders), the cryptocurrency market fares extremely well. Actually, it would sneak into the top ten, wedged between France ($2.63 trillion) and Italy ($1.889 trillion). The nations way out in front are Japan ($5.058tn), China ($14.723tn), and the United States ($20.894tn).</p><p>Bitcoin’s current market cap ($814 bn), meanwhile, would make it 17th in the global GDP league table, sandwiched between Netherlands ($913 billion) and Switzerland ($752 trillion) . The value of all the world’s bitcoin is higher than the GDP of nations such as Switzerland, Argentina, Saudi Arabia, Sweden and Thailand.</p><p>What about the value of the crypto market versus national debt? Well, it’s in the same ballpark as UK government debt, which stands at £2.2 trillion ($2.97trn). Global debt levels, incidentally, are at a record high of $226 trillion amid snowballing government, household and bank borrowing. (Fun fact: the global monetary base is almost 5x what it was in 2008)</p><p>And here’s another interesting piece of trivia: the global cryptocurrency market cap is not far from the U.S. budget deficit for 2021 ($2.77 trillion) — and $650 million dollars higher than the U.S. student debt burden ($1.7tn).</p><p>A cursory glance at the Federal Reserve’s balance sheet since quantitative easing measures were introduced early last year makes for stark reading. Incredibly, the Fed has pumped over $4 trillion dollars into the economy since last March, bringing its balance sheet up to a bloated $8.56 trillion.</p><p>The new greenbacks introduced into the U.S. monetary supply could comfortably buy today’s crypto market — while also covering the student debt burden. In fact, there would be about $300 billion left over in change.</p><p>What about the quantitative easing introduced in the wake of the 2008–2009 financial crisis? Back then, the Fed embarked on a spending spree, initially buying up almost $2.1 trillion worth of treasury bonds and mortgage-backed securities. After a second round of QE between 2010–11, the Fed had added another $600bn of bonds to its balance sheet, bringing its total to $2.7 trillion — $350 million USD more than today’s crypto market cap.</p><p>Of course, the Fed’s expansionary policies haven’t really stopped — which is why many have turned their backs on fiat and embraced crypto (especially bitcoin) so wholeheartedly.</p><p>As for the Bank of England, its own multi-year ‘asset purchase programme’ saw it buy up $1.25 trillion in bonds, putting it in the same ballpark as the current bitcoin market cap.</p><p>We often get a sense of the scale of something if we compare it to a larger, vivid thing. Take the war in Afghanistan, for example. According to the Costs of War Project at Brown University, the United States has spent $2.26 trillion since 2001 on the conflict, including $530bn of interest payments on government borrowing.</p><p>The UK and Germany, who had the strongest troop presence in the country after the U.S., spent an estimated $30bn and $19bn respectively over the course of the war.</p><p>The next time someone calls crypto worthless, tell them that the value of all digital assets currently in existence exceeds the amount spent funding America’s longest ever war. The combined outlay of Britain and Germany, meanwhile, is about equal to the eighth biggest cryptocurrency Polkadot, which launched in May 2020.</p><p>According to the World Bank, global remittances were around $702 billion last year. Remittances — money transfers made by foreign workers to family members in impoverished nations — are actually considered a promising use-case for cryptocurrencies, due to their borderless nature, speedy settlement times, and low fees.</p><p>In any case, it’s interesting to note that the global remittance market is dwarfed by today’s crypto market. But what about green investment? Well, the global market has grown by over 50% since 2016 meaning sustainable investment assets are now worth over $35.3 trillion. On a per-country basis though, the crypto market more than holds its own.</p><p>Green investment in Canada, for example, is around $2.4 trillion while Japan’s market is just shy of $3 trillion. Annual global energy investments, meanwhile, stand at $2 trillion according to the International Energy Agency (IEA).</p><p>Of course, it should be noted that the $2.35 trillion figure doesn’t refer to the crypto industry as a whole; merely the total value of all cryptocurrencies currently in circulation. The industry, however, features many companies that are not directly concerned with the issuance of tokens; hardware wallets, marketing and media agencies, mining companies, blockchain startups, payment networks, crypto-focused venture capital funds, etc.</p><p>Estimating the total value of the cryptocurrency industry, therefore, is difficult — but it’s likely somewhere between $2.35 and $2.9 trillion. So, how does this compare with other industries?</p><p>Well, crypto sneaks into the 2021 top 10 at the expense of the telecommunications industry ($1.74 trillion) but lags behind automobile manufacturing ($3tn), oil and gas exploration and production ($4.6tn), and food ($5tn). The global financial services industry occupies the top spot, with a market value of $22.5 trillion.</p><p>Last but not least, let’s pit the cryptocurrency market against the world’s best-performing stocks: the Microsofts, Apples and Alphabets of the world.</p><p>At the time of writing, Apple is the world’s most valuable publicly-traded company with a market cap of $2.98 trillion. Microsoft is close behind ($2.51tn) while Alphabet is in the third spot with a market cap just shy of $2tn.</p><p>Not only is the global crypto market close in valuation to the world’s biggest tech giants, but its most successful asset — bitcoin — reached a $1 trillion market cap in 2021 much faster than those entities. In fact, it took half as much time (12 years) as Amazon (24 years) to reach the milestone.</p><p>While on the subject of trillion-dollar stocks, bitcoin’s market cap means that it would go straight into the top 10. The second biggest cryptocurrency Ethereum, meanwhile, has a larger market cap than Samsung, LVMH, Walmart and Procter &amp; Gamble.</p><p>Twelve years ago, bitcoin was an idea; in 2021 it became the sixth largest base money on the planet. And it’s fair to say the wider crypto market is riding a similarly freakish wave, with new use cases (defi, gamefi, NFTs, privacy coins, etc.) emerging all the time. One wonders when the next earth-shattering milestone will be reached.</p><p>Hopefully this article has helped provide a little context to those scarcely comprehensible figures we see quoted so often. The question that now springs to mind is, how far can crypto go? Can it reach $5 trillion? What about $10tn? Is it a matter of time before bitcoin eats the gold market?</p><p>Sadly, we don’t have a crystal ball. One thing’s for sure though, the road ahead won’t be dull.</p><p>ABOUT NGRAVE</p><p>NGRAVE is a blockchain security provider offering a user-friendly end-to-end solution for the self-sovereign management of individuals’ and businesses’ digital assets and cryptocurrencies. The NGRAVE product suite consists of hardware wallet NGRAVE ZERO, backup solution NGRAVE GRAPHENE, and mobile application NGRAVE LIQUID. Developed with world leaders in nanoelectronics, hardware security and applied cryptography, NGRAVE ZERO’s advanced features make it the most secure and easy to use crypto hardware wallet in the world.</p><p>Global Cryptocurrency Market Charts — Coin Market Cap</p><p>Bitcoin wins race against gold: Paul Tudor Jones — Coincu.com</p><p>The total value of global real estate — Savills</p><p>Research Quarterly: Equities — SIFMA</p><p>GDP by Country — Worldometers.info</p><p>GDP — The World Bank</p><p>Global debt reaches $226 trillion — IMF</p><p>US budget deficit hits $2.77 Trillion in 2021, 2nd Highest — US News</p><p>US: quantitative easing balance sheet 2020 and 2021 — Statista</p><p>Bank of England sets out plans to wean UK economy off stimulus pumping despit inflation rebound — Reuters</p><p>The US spent $2 trillion in Afghanistan, and for what? — Al Jazeera</p><p>These countries are the world’s top remittance recipients — Weforum</p><p>$35 Trillion in Sustainability Funds. Does it do any good? — Bloomberg</p><p>How much investment do we need to reach net zero? — Bruegel.org</p><p>5 Biggest Industries in the World in 2021 — Insider Monnkey</p><p>10 Biggest Industries in the World in 2021 — Yahoo.com</p><p>Bitcoin hit $1trn market cap faster than Apple, Amazon and Google — Yahoo.com</p><p>Bitcoin is holding steady as the #6 base money in the world — TFTC</p>]]></content:encoded>
            <author>debonairmeerkat5@newsletter.paragraph.com (debonairMeerkat5)</author>
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            <title><![CDATA[MEXC Launches KeyFi KickstarterThe Top 5 Ways To Avoid Crypto Rug Pull Risk]]></title>
            <link>https://paragraph.com/@debonairmeerkat5/mexc-launches-keyfi-kickstarterthe-top-5-ways-to-avoid-crypto-rug-pull-risk</link>
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            <pubDate>Fri, 29 Apr 2022 11:58:09 GMT</pubDate>
            <description><![CDATA[Last week, we announced that MEXC Global has made an investment in KeyFi as an official strategic investor. Today, our partnership continues full speed ahead!The most recent fraud method is crypto rug pull. Recently, a crypto rug pull report published by CNBC stated “Scammers all over the world swiped $14 billion in rug pull in 2021. Between 2020 and 2021, crypto-related scams increased by 79% and the loss of cryptocurrencies rose 516% from 2020 to $3.2 billion worth of digital money” Rug pul...]]></description>
            <content:encoded><![CDATA[<p>Last week, we announced that MEXC Global has made an investment in KeyFi as an official strategic investor. Today, our partnership continues full speed ahead!The most recent fraud method is crypto rug pull. Recently, a crypto rug pull report published by CNBC stated “Scammers all over the world swiped $14 billion in rug pull in 2021. Between 2020 and 2021, crypto-related scams increased by 79% and the loss of cryptocurrencies rose 516% from 2020 to $3.2 billion worth of digital money”</p><p>Rug pulls or exit scams have become the go-to scam of the crypto and DeFi ecosystem.</p><p>A rug pull is often done by fraudulent developers who create hype around a coin and then abandon the project. The Blockchain-based world of crypto has given the common person a tool to invest and develop their wealth. A rug pull is a fraudulent manipulation in the cryptocurrency market carried out by crypto or DeFi project owners (Developers) stealing investors’ money.</p><p>In our most recent article, we discussed how $PumpIT is attempting to make crypto purchasing more seamless for many and help them avoid pump-and-dumps.</p><p>So you may be asking “how do I avoid these exit scams?”</p><p>Examine the pool’s liquidity with the project. It’s more difficult to convert tokens into cash when a pool’s liquidity is low, which may be due to a lack of developer money. When there is a lack of liquidity, developers can easily manipulate prices as per their preferences.</p><p>For example, PancakeSwap has been around for more than two to three years and holds a massive amount of total value locked up in their DeFi ecology, thus they can provide investors with some degree of confidence.</p><p>As per many crypto investors, the trading volume of a coin should be at least 10% which may increase up to 40% of the coin’s total market capitalization to make it pass the test of liquidity.</p><p>Who remembers the Squid Game token hoax?</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/CNBC/status/1457320979852668932">https://twitter.com/CNBC/status/1457320979852668932</a></p><p>You may learn who owns the most tokens in a project and how they disperse via Etherscan or other tools like it. You may discover potential investors by looking at who has the most tokens in a project and how they’re divided.</p><p>If any wallet controls 5% or more of the token supply, liquidating all immediately is simple, raising the possibility of price manipulation or a rug pull.</p><p>With the breaking stories in DeFi rug pulls, Twitter is going crazy</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://twitter.com/lifeincrypto2/status/1479086005043044357">https://twitter.com/lifeincrypto2/status/1479086005043044357</a></p><p>Another important indicator of a cryptocurrency or DeFi project’s authenticity is the number of tokens outstanding. This shows the total fund committed to a project. PancakeSwap, for example, has $14B TVL, whereas fraudulent projects may have as few as a few thousand dollars in TVL.</p><p>The most reputable cryptocurrency projects will have a variety of security reviews or financial transparency reports to ensure their legitimacy. Cardano has been thoroughly validated by several audits and an external source code review to assure its safety.</p><p>A project with no third-party audit does not necessarily indicate it is fraudulent; however, it implies that you should do your research before investing in it.</p><p>We discussed how investors rush to invest in Meme Coins and how meme coins have made millionaires overnight but that is not always the case.</p><p>Always learn about the company’s background. Never believe everything you hear or see, and plan to invest as soon as possible because you’ll receive greater returns.</p><p>A rug pull is detected by various online tools, including Token Sniffer. Token Sniffer, for example, includes a database of all the most recent hacks and fraudulent coins.</p><p>Another helpful device for detecting exit scammers is the Rug Doctor, which may also be used to find exit scams.</p><p>Other than the information mentioned above, you can also use tools like DappRadar to check how many transactions are happening in a project’s smart contract and whether or not those transactions are actualized.</p><p>Try to apply the mindset that “all that glitters is not gold” and make your decision with greater caution!</p><p>MEXC is featuring KeyFi in their popular Kickstarter Program!</p><p>The Kickstarter event is live tomorrow, January 11, 2022 from 02:30 to 10:50 UTC. Click here to learn more.</p><p>This is a one-time event, so act now if you want to participate!</p><p>The Kickstarter campaign is designed to incentivize MEXC users to research high-quality projects, while bringing to the project more exposure and new holders.</p><p>Now, if the total voting rate reaches 500%, $KEYFI will be officially listed for trading!</p><p>If you are an MEXC user or intend to register, you can participate in the Kickstarter promotion.</p>]]></content:encoded>
            <author>debonairmeerkat5@newsletter.paragraph.com (debonairMeerkat5)</author>
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            <title><![CDATA[A Whole New Reptiverse]]></title>
            <link>https://paragraph.com/@debonairmeerkat5/a-whole-new-reptiverse</link>
            <guid>MiNOZ0xK8qfMoZZzzaHs</guid>
            <pubDate>Fri, 22 Apr 2022 05:19:49 GMT</pubDate>
            <description><![CDATA[We felt it was important to establish a repository of information for our community in order to offer transparency into the development of the game and the collection. This new blog will ideally get weekly or biweekly updates as to what we are actively working on and what is coming soon. You can think of this blog as a living roadmap where updates will be given, and new information essential to the project will be disseminated. So let’s get into what exactly is available right now, what is co...]]></description>
            <content:encoded><![CDATA[<p>We felt it was important to establish a repository of information for our community in order to offer transparency into the development of the game and the collection. This new blog will ideally get weekly or biweekly updates as to what we are actively working on and what is coming soon. You can think of this blog as a living roadmap where updates will be given, and new information essential to the project will be disseminated.</p><p>So let’s get into what exactly is available right now, what is coming in the next week or so, and what is going to be prioritized moving forward.</p><p>Right now, we are rewarding collectors of RPLM who provide liquidity to the WAX/RPLM pairing on alcor.exchange and who are registered with CAIT DeFi here.</p><p>The Telegram Cricket Farms and Rodent Farms are getting an upgrade in the coming days. Users will soon be able to burn the feeders that they have earned so far and add them to the game’s database. The purpose of this will be to enable the use of feeders as XP consumables in the upcoming Version 2 of the farms which will enable users to upgrade their animals directly in Telegram.</p><p>Energy System/CapThis is the second new system being added to the farming game. Previously users could only harvest once per hour, and that was the extent of the game. We are now adding the Energy System inherent in the other Acid Tea Granny Games in order to bring the communities together in a true metaverse of interactivity between the existing game rooms.</p><p>In order to curb multi-accounts and bring added value to collectibles from the project, we will be implementing an energy system as seen in other telegram games. The way this system works is simple. Each hour users will receive 10 energy to spend on game actions. The amount of energy a user can hold will be calculated on the project’s collectibles held in the wallet. All users will be given a max capacity of 10 per farm can increase this cap for every farm owned. (For example, if I own 1 rodent farm, I will have an energy capacity of 10 while a player with 2 farms will have a capacity of 20) Each harvest attempt will cost 5 energy.</p><p>More information will be released in the next weekly update.</p><p>If you still have yet to purchase a farm to get started in the game, there are still farms available for purchase either in RPLM or WAX. Players can also pick up consumables to increase their overall harvest rate such as Super Food or Table Scraps, available in RPLM only.</p><p><a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://caittoken.io/account/shop/#nft.reptile">https://caittoken.io/account/shop/#nft.reptile</a></p><p>Note: Once the current run of farms has sold through, 200 of each, the price on the farms will increase by 5% in both the WAX and RPLM price and 200 more of each will be made available to purchase.</p><p>If you would like to join the Game Rooms you can click here: Cricket Farm: <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://t.me/Cricket_FarmRodent">https://t.me/Cricket_FarmRodent</a> Farm: <a target="_blank" rel="noopener noreferrer nofollow ugc" class="dont-break-out" href="https://t.me/RodentFarm">https://t.me/RodentFarm</a></p><p>We have also decided, after taking community feedback into account that the passive earning of RPLM is NOT going to end on Genesis and BP#1 Reptile NFTs. These animal NFTs have a set value of distributed RPLM that can be earned passively each week, and while that could potentially cause some issues in the future, we have decided that instead of ending this part of the project, it will simply not be carried forward to new NFTs that we release.</p><p>Up to this point, we have done one major release, Reptilium Genesis, and one breeder project, Breeder Project #1 with Steve’s Morphs. We are in the process of creating and preparing for the announcement of our second major release Reptilium Evolutions.</p><p>Reptilium Evolutions will contain 5 new Breeders, with between 25–30 new reptiles to collect, and will include at least two new species! More information will be released once the Breeder and Reptile list have been finalized. We are expecting this to be our biggest release to date with a maximum of 2,100 packs of 5 NFTs each being available.</p><p>How and Where will these new packs be sold? - 1,000 packs will be available on AtomicHub for $25 USD in WAX.- 1,000 packs will be available on NeftyBlocks for $25 USD in WAX.- 100 packs will be available on the CAIT Shop for $20 USD in RPLM.</p><p>The plan is to make the packs available in RPLM on the CAIT Shop one hour before they go live on NeftyBlocks and two hours before they become available to the mass public on Atomic Hub. There will be no whitelists for these drops, but the number of packs per marketplace will be limited to 5 per account.</p><p>Ongoing Reward SystemsWAX/RPLM Liquidity Provider (LP) Rewards via CAIT Defi. Weekly RPLM Distribution</p>]]></content:encoded>
            <author>debonairmeerkat5@newsletter.paragraph.com (debonairMeerkat5)</author>
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            <title><![CDATA[Mozik to Launch IDO on Ignition!Why Kadena Cryptocurrency Is Worth Researching]]></title>
            <link>https://paragraph.com/@debonairmeerkat5/mozik-to-launch-ido-on-ignition-why-kadena-cryptocurrency-is-worth-researching</link>
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            <pubDate>Sun, 17 Apr 2022 14:28:59 GMT</pubDate>
            <description><![CDATA[We are thrilled to announce that Mozik is the next disruptor launching its IDO on Ignition! The platform takes on the music industry with an innovative format to change how artists and their fans interact through music. We are eager to see your participation during the IDO. Here are some important dates to take note of for those intending to participate.The Kadena network is a promising new blockchain for dApps. It is scalable, enabling transactions to be processed in milliseconds. It also of...]]></description>
            <content:encoded><![CDATA[<p>We are thrilled to announce that Mozik is the next disruptor launching its IDO on Ignition! The platform takes on the music industry with an innovative format to change how artists and their fans interact through music. We are eager to see your participation during the IDO. Here are some important dates to take note of for those intending to participate.The Kadena network is a promising new blockchain for dApps. It is scalable, enabling transactions to be processed in milliseconds. It also offers fast transaction speeds. Its community is passionate and constantly active, so it is possible that it could become the first mainstream blockchain. But before you get your money’s worth, it’s important to research the project thoroughly.</p><p>First, you should consider what you’re looking for in a blockchain. If you’re looking for a way to invest your money, it’s important to look into the industry. While Bitcoin and Ethereum have a huge amount of popularity, their networks are far from secure. Regardless of the network you choose to invest in, you should consider the “why” behind the investment.</p><p>First, Kadena is a not a new cryptocurrency. It was launched in 2016, and is now trading at $9.76.</p><p>The founders of the network understand the intricacies of the blockchain ecosystem, and have built a new network to address the problems with the existing networks. The Kadena network has a very bright future ahead of it. Its team is ready to plunge into mass adoption and is working on several features that make it more valuable than its competition. It is already able to integrate with the Ledger hardware wallet and plans to offer various incentives for investors. It is a promising start for a new blockchain. It’s worth investigating.</p><p>The Kadena network was created by two former JP Morgan executives and was founded to solve some of the problems with the existing blockchain. Among other things, it provides the first-ever cryptocurrency gas station. This service allows users to pay for their transactions with Kadena, which is a unique feature of this blockchain. This is a great addition to any crypto ecosystem. It’s the best way to protect the data of dApps.</p><p>One of the main reasons for its popularity is that it is the only blockchain platform with decentralised infrastructure. As more chains are added to the network, its TPS will increase, resulting in increased value and better security. The Chainweb public protocol uses a braided consensus mechanism that functions on multiple independently mined peer chains. Its TPS will continue to increase as more chains are added.</p><p>This cryptocurrency aims to address some of the issues that plague the cryptocurrency market. Its patented technology is capable of processing 480,000 transactions per second. In comparison, Bitcoin can process only seven transactions per second. Another major advantage of Kadena is its low costs. Because of this, it’s easy to use and scalable. The Kadena network is built by experienced people in the blockchain industry.</p><p>Its blockchain architecture is impressive. It has solved two major problems that are preventing blockchains from becoming scalable. Its Chainweb architecture is energy-efficient. Its Chainweb technology incorporates both sharding and braiding, and has been designed to scale like no other. This means that consumers will only have to pay low transaction fees and businesses will be able to use it in a big way.</p><p>It’s developer-friendly, and offers the same level of security as Bitcoin. Its blockchain offers smart contracts and NFTs, making it scalable for enterprise and retail users. Its heritage is rich, and is one of its most distinguishing features. However, the team is still working on a few details, and plans to add more features soon.</p><p>Moreover, it’s the only Proof of Work platform that can scale, which makes it a valuable asset for any business. Currently, it has a throughput of 9 million trades per day. This is a significant advantage for the Kadena network.</p>]]></content:encoded>
            <author>debonairmeerkat5@newsletter.paragraph.com (debonairMeerkat5)</author>
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            <title><![CDATA[Tunnels and Bridges, oh my]]></title>
            <link>https://paragraph.com/@debonairmeerkat5/tunnels-and-bridges-oh-my</link>
            <guid>m01Y4S7h5zZih0OlbJv5</guid>
            <pubDate>Fri, 08 Apr 2022 02:18:58 GMT</pubDate>
            <description><![CDATA[This is my attempt to explain what is currently happening with so-called “bridges” — i.e. the systems to move assets between settlement layers on a blockchain and between blockchain. If you are new to what an “L2” (or layer-2 e.g. scaling solution) is, as always, the very thoughtful Vitalik has written something that should get you from 0–60 very quickly…this was very helpful to me: An Incomplete Guide to Rollups. For those coming from traditional financial services…a rollup or L2 scaling sol...]]></description>
            <content:encoded><![CDATA[<p>This is my attempt to explain what is currently happening with so-called “bridges” — i.e. the systems to move assets between settlement layers on a blockchain and between blockchain.</p><p>If you are new to what an “L2” (or layer-2 e.g. scaling solution) is, as always, the very thoughtful Vitalik has written something that should get you from 0–60 very quickly…this was very helpful to me: An Incomplete Guide to Rollups. For those coming from traditional financial services…a rollup or L2 scaling solution is simply netting transactions, and then settling those transactions back to the underlying blockchain (say, Ethereum) on some regular interval.</p><p>There are many functional, structural, and security trade-offs that prevail; for what we are talking about today, I think it’s safe to assume that 1) there will be many blockchain confirmation venues both as blockchain and scaling solutions, 2) many of them will be ETH-based (“EVM-compatible”), and 3) no one really knows where this will actually wind up, so if it seems a bit complex and confusing, that’s A-OK.</p><p>For folks who followed the installation of the internet: the parable that I give is that we are in the moment when people might say “who needs the internet, there are already 5 phone lines connecting the Berkeley and Stanford Campus networks!” This of course assumes that 1) the only people computing will be at these “hub” networks and 2) a 1:1 linkage is all that’s needed. TCP/IP and generalized “routing” is coming to crypto. It’s not built yet. It could be messy. There could be many competing standards since value is…well…more valuable than information: different transactions will be willing to have different tradeoffs, vs a world where the internet pipes just got wider and the old protocols scaled with more information.</p><p>Multi-chain namespaces</p><p>While likely incomplete, many different projects use somewhat ambiguous terms to describe what exactly they are bridging to where.</p><p>My attempt here is to:</p><p>First off: now that assets can exist on different blockchains than they came from, we are going to adopt the same language that the Thorchain team has created, as a leading project in multi-chain defi. (We’ll talk a lot more about Thorchain later.)</p><p>This is describing assets as follows:</p><p>Thus, Matic.USDC would be ERC-20 USDC living on the Polygon Matic Chain. Or SPL token USDC on Solana would be SOL.USDC. This is important particularly when we start moving the same asset between chains: e.g. porting mainnet ETH (ETH.ETH) to the Arbitrum scaling solution (Arbitrum.ETH).</p><p>Three primary bridge cases</p><p>So with that out of the way, let’s have a look at the three core uses of bridging between different blockchain settlement networks:</p><p>In theory, any one of these use cases is simple. Reality is far messier — 1) finding the shortest route itself is hard, 2) knowing that the path you choose is economically safe (e.g. your funds won’t be stolen by a bad actor in route), and 3) knowing that you are getting “best execution” or somewhere near that for your movement/exchange/info transfer.</p><p>Movement of assets [Chain A → Chain B]</p><p>To transfer an asset (Asset A) from one blockchain to another is in many ways the simplest use of a bridge. Earliest bridges were often built by the projects themselves — for example, Arbitrum offers a way to port assets living on ETH mainnet to the Arbitrum scaling solution environment.</p><p>But depending on the destination chain, there can be significant friction. To stay with Arbitrum, for example: it’s very simple to send ETH.ETH to Arbitrum.ETH. Just send a mainnet ETH transaction, and approximately 5 minutes later, your ETH will be available within the rollup. Going the other direction, however, isn’t such a simple proposition: withdrawals take approximately 7 days.</p><p>There’s a good reason for this: the Arbitrum transaction netting platform needs ample time for stewards of the network to detect and stop fraud from the platform — before unlocking precious ETH.ETH to a would-be withdrawal. (You can read more about this in Uniswap’s helpful article on withdrawals.)</p><p>Just this one simple example (Arbitrum.ETH -&gt; ETH.ETH) introduces a need for more market infrastructure: speed.</p><p>How can you move faster than the 7 day accounting window that Arbitrum requires?</p><p>Simply by finding a counterparty who has both Arbitrum.ETH and ETH.ETH and is willing to accept your Arbitrum.ETH in exchange for mainnet ETH…but this comes at a fee.</p><p>Fortunately, DeFi primitives (which I’ve written about at length in my prior DeFi 101 piece) can be used to easily build a marketplace (pool) for liquidity providers who wish to offer this service.</p><p>Hop is, to my knowledge, one of the first liquidity pools (Uniswap fork) built to cater to the cross-rollup use case:</p><p>Under the hood, the Hop protocol maintains liquidity pools with equal measures of each source/destination asset pair. At time of writing, this amounted to $18m of ETH in the ETH.ETH&lt;&gt;Arbitrum.ETH pool.</p><p>Other techniques are emerging as well. For example, the team behind the UMA protocol (one of the early DeFi bluechips) launched the Across Protocol, powered by UMA’s “optimistic oracle.” Basically, rather than having to maintain separate liquidity pools for each Chain A &lt;&gt; Chain B pair, liquidity providers can simply bond a given asset (e.g. ETH) that is reused across every chain destination.</p><p>This asset acts as a bond; should a end user transfer an asset (e.g. Arbitrum.ETH -&gt; ETH.ETH in our earlier example) and fail to receive ETH.ETH, they simple create a dispute. This goes to UMA governance token holders who would slash the bond of the LP, making the end user whole. So rather than funds being duplicated across pairs, the protocol simply requires sufficient funds in escrow — enabling even lower total costs and faster confirmation times.</p><p>These are just two example pathways on one simple bridging pair. There will always be a shorter tail of more liquid pairs, but here we have only considered one simple pair. It’s not that simple in practice, now that many different smart contract platforms have reached very material sums of assets deployed in theirDeFi protocols.</p><p>The complexity here unfortunately scales O(n²) or worse as more rollups and EVM compatible chains emerge and the number of material digital assets scale. This is just a glimpse of some of the current state:</p><p>To deal with some of the complexity (image above), protocols like Rango are building a meta routing layer on top of underlying bridge (and exchange) liquidity. Beyond EVM-compatible bridging, we start to look at how to connect many different chains — that may not all have assets directly bridgable between them. Which brings us to the next major use case of bridges…</p><p>—</p><p>Have other interesting data that should be included here or further suggestions? Things you’d like to see specifically addressed in the series. Please drop me a note on Twitter @njess.</p><p>This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. Author and related entities may hold digital assets or equity in related businesses mentioned.</p>]]></content:encoded>
            <author>debonairmeerkat5@newsletter.paragraph.com (debonairMeerkat5)</author>
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