Aurelia Butler

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    Ethereum Will See Significant Scalability Improvement in 2022: Coinbase CPO

    An array of layer-2 scaling solutions like Polygon, Optimism, and Immutable-X sprung up on the Ethereum network to solve this problem. Layer-1 refers to the blockchain architecture, whereas Layer-2 refers to a network built on the underlying layer-1.The Layer-1 Scalability of Ethereum will ImproveWhile scalability still remains a problem for Ethereum, Surojit Chatterjee, the Chief Product Officer of Coinbase (NASDAQ:COIN), has predicted that the scalability of the Ethereum network will drastically improve in 2022. Ethereum’s transition into proof-of-stake consensus mechanism scheduled for mid-2022 is expected to bring significant improvements to the network – including the much-needed scalability boost. Ethereum can handle only 15-45 transactions per second, whereas Polygon boasts of up to 65,000 transactions per second on a single side chain. Although L1 will improve in 2022, Chatterjee still believes L2 which grew by 11,000% in 2021, will also make strides this year.As scalability drastically improves on Layer-1, Chatterjee explains that more layer-one networks focused on gaming and social media could also emerge on Ethereum. In addition, he also predicted that more privacy-focused applications would emerge in 2022. On The FlipsideWhy You Should CareAchieving better scalability – a Layer-1 problem of Ethereum – could set be the last piece of the puzzle to unlock Ethereum’s explosive growth.EMAIL NEWSLETTERJoin to get the flipside of cryptoUpgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.[contact-form-7]
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    in Cryptocurrency

    LinkDAO Wants to Buy An Actual Golf Course Through NFT Sale

    What are DAOs?You may be wondering what DAOs are. DAOs is an acronym for decentralized autonomous organizations, an online community of like-minded individuals who pool crypto funds together to invest in multimillion-dollar assets. These are assets collectively owned by members. Also, this online entity has no central authority as decisions are arrived at from the bottom-up.Read Also: Asia’s Sports Industry Races to Join Frenzied NFT MarketPerks of LinksDAO MembershipAccording to the community, 6,363 Leisure Membership NFTs were sold at the rate of 0.18 Eth, and a total of 2,727 Global Membership NFTs were sold at the rate of 0.72 Eth. Persons who bought LinksDAO Leisure Membership NFT stand to benefit the following:Continue reading on BTC Peers More

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    in Cryptocurrency

    This South Korean Presidential Candidate Wants to Raise Campaign Funds Through Crypto and NFTs

    The said man is Lee Jae-Myung, the presidential candidate of the Democratic Party of Korea, which is also the ruling party. According to the Democratic Party of Korea, Lee Jae-Myung’s presidential bid will be financed in an innovative way which, when executed, will get to be the first time ever a Presidential candidate will offer NFTs in exchange for funds needed to bankroll the election campaign process.Also read: Samsung (KS:005930) Announces Plan to Support NFTs Through TV Screen-based NFTHow Do They Plan to Go About This?According to the Democratic Party of Korea, crypto funds will be collected from donors who will get NFTs in exchange for their donations. In addition, the NFTs offered in exchange for the crypto funds will have photos of the party’s presidential nominee, which has the prospects of having a good return on investment for donors in the future.In the words of Kim Nam-kook, an election campaign official of the party,Lee’s financing mechanism for the South Korean Presidential Election coming up in March this year is commendable. It shows that the ruling party’s presidential nominee is aware of how tech-savvy the young population in South Korea and leveraging on it is such a brilliant idea.Continue reading on BTC Peers More

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    Binance Labs leads $12M round for DeFi platform Woo Network

    Incubated by quantitative trading heavyweight Kronos Research, Woo Network has pocketed an additional $12 million strategic investment in a Series A+ funding round led by Binance Labs. The fresh funding, announced by Binance Labs on Tuesday, builds upon Woo Network’s $30-million Series A funding round.Continue Reading on Coin Telegraph More

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    in Economy

    COVID-19 loss of $44 billion is 3rd largest catastrophe cost to insurers – Howden

    However, initial projections of $100 billion-plus for COVID-19 insured losses now look “improbable”, Howden said in a report on reinsurance renewals.That prediction was made by industry specialists in the early days of the pandemic nearly two years ago, as events were cancelled and businesses forced to shut down across the world.Insurers have since excluded COVID-19 from many policies.”There’s only so much event cancellation coverage out there, there’s only so much civil action coverage out there, and when you get to $40 billion, that’s pretty much exhausting what was underwritten,” said David Flandro, head of analytics at Howden.Property catastrophe reinsurance rates rose 9% year-on-year on Jan. 1, marking their biggest annual rise since 2009, Howden also said in the report. Reinsurers insure the insurers, and reinsurance rate rises are typically passed onto insurers’ customers.Global property catastrophe reinsurance rates rose by 10.8% on average this year, reinsurance broker Guy Carpenter said in a separate report this week.Gallagher Re said earlier on Tuesday that some European property reinsurance rates rose by more than 50% after the region suffered record insured losses last year from natural catastrophes such as floods and storms. More

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    in Cryptocurrency

    A Fast Growing Association of Helium Mining on Radio Network With Helium Rent

    The company has been working in the radio network business for several years and has been able to build structures all over the world. The existing radio stations make it easy to connect new helium hotspot mining devices to the network and to share the income with your customers.Hotspot hosts earn HNT crypto based on how much they contribute to the network, through proof-of-coverage challenges, and by witnessing proof-of-coverage challenges.The customers participate in the sales for a certain period of time. With the flood of money, the association of radio networks would like to expand its network stronger and faster. As a company and large quantities of devices such as Bobcat and Sensecap, delivery times are significantly shorter and are not up to 10 months as is normal.Heliumrent recommends its customers take a double track. For short-term and quick participation in the helium network, it is advisable to enter the plans on www.helium.rent/plan . For those who want to wait 10 months or more for their own devices, this is also a viable option.We are excited about the future and look forward to more news about the helium network and its alternative 5G technology through the helium hotspots. Helium is a network meant to help IoT devices like e-scooters(Lime, Bird), simple sensors and pet trackers get low-volume data to the internet quickly and at very low cost. This network is using car sharing companies and smart city solutions as well.Continue reading on DailyCoin More

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    in Economy

    Vietnam seeks $15.3 billion stimulus package to prop up virus-hit economy

    The latest stimulus package, which is well below the proposal of 800 trillion dong submitted in November, includes measures to reduce bank loan interest rates by about 1 percentage point and delay loan payments for businesses.According to the plan, Vietnam’s central bank, which has plan to sell $3 billion of government bonds domestically, should stand ready to intervene in the market and stabilise foreign exchange rates if necessary. Vietnam’s economy grew 2.58% in 2021, slipping from a 2.91% expansion the year before, official data showed. The government is targeting GDP growth https://www.reuters.com/markets/asia/vietnams-2021-gdp-growth-slows-exports-offer-support-2021-12-29 of 6.0%-6.5% for 2022.The plan also includes 64 trillion dong tax reduction and 110 trillion dong in assistance for businesses. ($1 = 22,752.0000 dong) More