Aurelia Butler

A Twitter (NYSE:TWTR) crypto influencer, Dan Robinson, posted a poll asking people to vote for a change they would accept, supposing it became impossible to have a secure proof-of-work (PoW) blockchain without a block reward for Bitcoin.The options outlined were “Remove the 21M cap,” “ Switch (NYSE:SWCH) to proof-of-stake,” “Let it die,” and “I’m bad at hypothetical.”At the time of writing, 9,430 respondents voted, and the result so far was neck in neck. Interestingly, the second majority vote was “Let it die” after the “switch to the proof-of-stake” option.Vitalik Buterin, the co-founder of the PoW network, Ethereum argued that a hybrid of PoS and PoW would be desirable. He said:Another user retorted to his comment, “why would PoS be secure when PoW isn’t? higher hedging cost?” Buterin then shared a document comparing the two mechanisms of security of the blockchain. The gist of the paper was that PoS offers more security for the same cost.Proof of work and proof of stake are consensus mechanisms for verifying new crypto transactions on a network since blockchains lack any centralized authorities.PoW requires miners to solve a complex mathematical equation, while PoS requires users to purchase and stake network tokens to validate transactions. The more coins a user risks, the more their chance of validating a transaction and ultimately winning the reward. Hacking into a PoS system becomes too expensive because the hacker will need up to a 33% share of the network’s token to only bring the network to a halt, which is close to impossible.Continue reading on CoinQuora More

Polygon (MATIC) is currently 18th on CoinMarketCap’s list in terms of market cap, with a total market cap of $4,891,433,855. Its market cap has increased by 2.45% following a 2.45% jump in MATIC’s price in the last 24 hours. At the moment, MATIC is ranked under UNUS SED LEO (LEO) in 17th position and above Uniswap (UNI) in 19th position.MATIC’s price stands at $0.6122 at the time of writing. This translates to 0.00002852 BTC and 0.000497 ETH, as MATIC also weakened against ETH by 3.82%% and strengthened against BTC by 0.38%.When looking at the longer time period, MATIC’s price has also increased by 66.14% over the last seven days.The 24-hour trading volume of MATIC saw a volume of $742,236,712 or 1,213,300,763 MATIC being traded in the last 24 hours. This is a 39.35% drop from the number seen yesterday.MATIC/USDT 4-hour chart (Source: CoinMarketCap)The 4-hour chart for MATIC/USDT suggests that MATIC’s price surge over the last 24 hours may be followed by a dip in price. This is mainly because the Relative Strength Index (RSI) is in overbought territory on the 4-hour chart and is sloped negatively toward the RSI SMA.The price of MATIC is also approaching the 9 EMA line, which has been a support line during this impressive rally from MATIC that saw its price jump from $0.350 to its current level. Should this level fail to serve as support again, we could see the price fall.This isn’t the first time that MATIC’s price is dropping to the 9 EMA level. However, this time the RSI is in deep overbought territory. This means that the 9 EMA may have a bigger challenge with this potential test.Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies.Continue reading on CoinQuora More

To expedite the process of purchasing cryptocurrencies, digital assets and crypto trading platform MEXC Global will now offer the option of buying digital currencies using Visa or Mastercard in 180 countries.According to the release shared with CQ, global investors can purchase up to $5,000 worth of cryptocurrencies in a single transaction. Notably, Visa and Mastercards provide lower fees to investors.Following the announcement to integrate bank cards, Anthony Guo, the head of payment at MEXC Global, said:Guo added that such a method will make it “easier for users to convert fiat into crypto assets, which opens up the ownership of cryptocurrency to millions of people where bank card is the dominant medium of transaction.”The MEXC team also revealed the integration of the traditional payment method will serve as the groundwork for establishing partnerships with Visa and Mastercard. This is also aligned with the exchange’s initiative to integrate crypto with legacy financial institutions.MEXC has since launched its OTC payment service and Global Bank Transfer Program, which enables customers to deposit and withdraw USD using the SWIFT and FedWire networks. Users can purchase crypto with USD deposits and withdrawals from local banks with 0% transaction fees.Moreover, several local payment methods the exchange supports the exchange, with MEXC’s footprint into more jurisdictions such as Brazil. In addition to P2P trading, MEXC users can utilize third-party services like Simplex, Banxa, and Mercuryo.Continue reading on CoinQuora More

Next Wednesday, June 29, the Ethereum network will undergo a scheduled upgrade called “Gray Glacier” at block 15,050,000. The Gray Glacier upgrade will prolong the Difficulty Bomb by 700,000 blocks, equivalent to 100 days, starting Wednesday.The Difficulty Bomb is to disincentivize miners to stop mining on the current network, Ethereum 1.0, after a successful transition to Ethereum 2.0.Tim Beiko, a core developer at Ethereum, said this would be the last prolongment to the Difficulty Bomb, implying Ethereum 2.0 is a few months away from launch. He added that the Bomb would keep scammers off the network because it would require decent technical knowledge. No action is needed from an Ethereum user or holder unless stated to by their respective exchange or wallet service providers. To be compatible with the Gray Glacier upgrade, node operators need to update the client version they run to one of the ones listed here.Miners or node operators who do not participate in the upgrade will be stuck on an incompatible chain following the old rules. Consequently, they will be unable to send Ether or operate on the post-upgrade Ethereum network.Meanwhile, at their 551st core developers meeting, developers discussed the merge testing-related items with a debrief on how the 7th mainnet shadow fork went poorly. 20% of nodes dropped off right at merge activation, and more nodes dropped off after that.Despite the result of the shadow fork, developers are confident and planning on running the merge on their second major testnet, Sepolia, around Wed, July 6, after the July 4 long weekend in the US.Continue reading on CoinQuora More

Vinny Lingham praised the move and called it Web3’s very own “iPhone moment” and thanked Solana co-founder Anatoly Yakovenko for making it possible. Meanwhile, David Ticzon was also impressed, calling Solana the “Apple of Web3” in a tweet.Continue Reading on Coin Telegraph More

The crypto Twitter (NYSE:TWTR) community has been concerned about lagging altcoins, speciically SushiSwap (SUSHI).SUSHI has been in some deep waters since the decentralized exchange (DEX) was deployed on the Kava network. The Kava network allowed SushiSwap to enjoy the incentives from the Cosmos system.This partnership created the opportunity for SushiSwap to be part of the Kava Rise Program, which intends to make DeFi and Web3 interoperability easier.Unfortunately, this development completely failed to trigger any strong reaction from the community, especially from SUSHI.The concerns surrounding SUSHI over the last few days were specifically aimed at the crypto’s OBV that has been lackluster and because SUSHI seems to be lagging behind the other altcoins as it has not yet broken the daily super trend.Luckily, things seem to be looking up for SUSHI. At the moment, SUSHI is the 145th most valuable crypto in terms of market cap, according to CoinMarketCap.SUSHI / TetherUS 1D (Source: TradingView)SUSHI is also currently in the green and is trading at $1.29 after a 3.53% increase over the last 24 hours, and after reaching a high of $1.33 over the same time period. This price translates to about 0.0000601 BTC and 0.001048 ETH. The crypto is also up more than 40% over the last seven days.The issue of SUSHI’s volume has also been addressed over the last day as the crypto’s 24-hour trading volume currently stands at $82,999,138, which is a 9.79% increase from the previous day’s numbers.Disclaimer: The views and opinions expressed in this article are solely the author’s and do not necessarily reflect the views of CQ. No information in this article should be interpreted as investment advice. CQ encourages all users to do their own research before investing in cryptocurrencies.Continue reading on CoinQuora More