Aurelia Butler

The need to educate people on the importance of the Web 3.0 infrastructure cannot be overstated, and the reason for this can be attributed to a number of factors. Most notably, as an emerging project, it is accompanied with some complications, at least at the onset.Given its highly segmental infrastructure, it is important for each and every stakeholder to get acquainted with their respective role i.e, as a developer, validating node, and even as an end-user.In an exclusive interview with Pranav Maheshwari, a solutions engineer at Edge & Node, one of the initial teams backing The Graph protocol, the enthusiastic developer shared his thoughts on the need to educate people of the importance of Web 3.0.For those who aren’t familiar, The Graph protocol is a blockchain-based data indexing platform that helps decentralized applications (dApps) function more effectively and efficiently. You can read more about the decentralized protocol in our previous publication about it here.Moving on, Maheshwari mentioned that working in the Web 3.0 world is like working against the tide; “it’s like defying what has been,” he said, referring to the centralized infrastructure, as well as the typically centralized mindset of humans.“So that is one of the issues we are trying to currently cater to. To make people understand [that] it’s not just about deploying your application on Ethereum, and it is decentralized. You need to use the Web 3.0 stack. It should not have any single points of failure, and for that, you need to use The Graph to get the information out there in a decentralized version,”
Maheshwari noted.By its nature, the Web 3.0 infrastructure defies the existing centralized infrastructure, this means that making people understand the need to switch, and how that will play out, can prove to be very challenging, according to Maheshwari.However, according to Maheshwari, The Graph is currently focused on the aspect of education, in addition to expanding its chain compatibility beyond just EVM-compatible chains.“There Is a Need to Educate People Getting into the Crypto Space.”
The point of educating people does not end with The Graph protocol. Instead, beyond the project, Maheshwari claims that there is also a need to educate people about other elements of the Web 3.0 infrastructure, such as cryptocurrency itself.“One thing I would love to educate everybody [on] is about trying to move towards the Web 3.0 and, seeing some of the meme coins gaining more traction in recent times, it’s very important for a person, who is getting into the space to understand the fundamentals of why they exist in the first place,”
Maheshwari mused.According to Maheshwari, beyond the lucrative aspect of trading cryptocurrencies, or swapping, as in the case of yield farming, people need to understand the fundamental elements that cause their investment to multiply.According to Maheshwari, the reason for this is that, although some people make significant profits from trading crypto, or through other lucrative Web 3.0 activities, there are many on the opposite side who can not make similar claims. These people tend to become disillusioned by the unpalatable nature of the decentralized web, simply because they do not understand the fundamentals, or prefer to just listen to the “noise in the crypto space, thereby being a part of the nuances.”For someone like Maheshwari, and The Graph Protocol in general, who believes in the power of Web 3.0; in the power of the new internet, which must be decentralized (i.e., no centralized, closed source, central points of failure, etc), the best way to enter the space is to be fully equipped with the right knowledge.“You have to, if you’re getting into the space as a youngster, as a person, as an investor, as a developer, please understand the fundamentals, read about everything that has made something possible. Like utility tokens, governance tokens, make sure you believe in this space, not just for money, but for the future it holds. And you’ll be good,”
Maheshwari extolled in conclusion.Watch the full interview here: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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Cardano (ADA) has been through a mix of positive and negative downsides since its inception. Starting from the past, it has been striving to get a smart contract for smooth platform functionality. Also, apart from this, one key thing that Cardano has faced is scalability, according to a report.However, this makes people keep doubting how Cardano claims to be an Ethereum killer and also a third-generation blockchain. This was seen from the time that the Cardano team started to fight for smart contract acquisition to make the network stand out among the odds in terms of network scalability.Cardano has already made a significant step forward by tackling some of its challenges. This includes the implementation of the Alonzo Hard Fork Upgrade, Basho, Mamba, and other network extensions for betterment. Seemingly, all these appear not to serve as a catalyst to solve Cardano’s underlying tragedy.Nevertheless, regardless of all these, Cardano is still showing an absolute performance in the market. It keeps climbing ranks while rocking new all-time highs. At writing time, ADA price trades at $1.56 with a market capitalization of over $50 billion on Coingecko. This makes it ranks as the 6th largest cryptocurrency in terms of market cap.Continue reading on CoinQuora More

The crypto world is back on its feet once again and is showing no sign of slowing down. In fact, the whole crypto space market cap amounts to over $2.5 trillion. Furthermore, Bitcoin, the king of crypto assets also continues to perform aggressively in the space. As a result, traders and crypto analysts in the crypto market cannot stop thinking about the future of Bitcoin.This made Mr. Whale, CEO of DigiWhales, react in a tweet post:The post created by Mr. Whale asked the reaction of the Twitter (NYSE:TWTR) community about the tweet made by PlanB in Bitcoin hitting the skyrocketing price of $98k in 4 days. This tweet gathered different reactions from the crypto community, with some being bullish while others say it might take some time. But of course, in the end, the market will still decide the fate of all virtual assets in the space including Bitcoin. On the other hand, Bitcoin remains to be the favorite cryptocurrency of investors around the world. Interestingly, El Salvador President Nayib Bukele announced that it would build a Bitcoin city where investors can experience zero tax. Indeed, this news brings joy to all Bitcoin fans and investors around the world.At the time of writing, Bitcoin trades a bullish price of over $55k with a growth rate of over +200% in the past 12 months. In addition, BTC has a huge market capitalization of over $1 trillion and a 24-hour trading volume of almost $40 billion. This market position of the crypto enables Bitcoin to be the number one crypto asset in the market. Continue reading on CoinQuora More

The new funds, the Fintonia Bitcoin Physical Fund and the Fintonia Secured Yield Fund, are intended to provide simple and secure exposure to Bitcoin for professional investors, Fintonia announced on Thursday.Continue Reading on Coin Telegraph More

Despite its long stay among the top 3 cryptos in the market, Ripple (XRP) has dropped down drastically in market capitalization, ranking now as the 7th biggest cryptocurrency in the world today. The XRP’s current rally comes amid how several other crypto projects have updated their market performance. At the moment, Binance Coin (BNB) is now sitting as the 3rd largest crypto by market cap right after XRP made a remarkable drop.Next to BNB is Tether (USDT) as the 4th biggest crypto, with its price value always equal to one dollar. It also has a threshold value of over $74 billion market capitalization on Coingecko. Additionally, following USDT is Solana (SOL) in the 5th position which is also giving out an impressive performance like never before.Meanwhile, starting this month, Solana’s price revamped to a new ATH of $259 but the asset is presently trading at $194 in the market. More so, right after Solana is Cardano (ADA) as the 6th cryptocurrency in the world by market cap.Interestingly, since the gap between the above-mentioned cryptos is not all that heavy, there is no secret that the cryptos are still liable to overtake themselves any moment from now. With much sentiment, many attribute the current XRP drop to the never-ending Ripple-SEC lawsuit.According to the report, XRP still has the chance to explode exponentially in price if Ripple wins the case over the US SEC.Continue reading on CoinQuora More

The IRS has a dedicated Cyber Crimes Unit (CCU) that has been operating for a few years, and focuses on internet-based technologies that enable criminals to engage in illegal activities without a single physical location, and with a degree of pseudonymity.According to the report, the bulk of the crimes that the CCU pursues almost always involve the use of cryptocurrencies to facilitate the criminal activity it fights which include: tax fraud, drug trafficking, money laundering, and wire fraud – comprising most of the $3.5 billion confiscated last year.Key cyber-related successes featured in the enforcement report include:To keep pace and prepare for that eventuality, the IRS CCU has announced its plans to launch an Advanced Collaboration & Data Center (ACDC) in the Northern Virginia area next year. The focus of that center will be to unify data, technology, and specialized personnel from across the Treasury and government to work on high-impact solutions to “…protect the integrity of the U.S. tax and financial systems.”The agency leadership goes on to state in the report that it believes the integration of the Eastern CCU based in Washington, D.C. and IRS’s Cyber Support Unit will ensure that the soon-to-be-created ACDC will have a clear operational focus and create high-tech solutions to better solve digital crimes.On The FlipsideWhy You Should Care?IRS crypto-enforcement officials may focus initially on criminal activities, but they will certainly turn their attention on everyday retail investors like us. Be sure to comply with all tax reporting and record-keeping requirements within your geography.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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Buterin’s post on the Ethereum Magicians forum, EIP-4488, highlights concerns regarding high transaction fees on Layer-1 blockchains for rollups and the considerable amount of time to implement and deploy data sharding:Continue Reading on Coin Telegraph More

The fact that no release date has been set yet speaks of TipsyCoin’s credibility since Tipsy’s team wants to cover all parameters and not rush for a launch. In today’s crypto era where coins can be minted in minutes and then deployed onto a contract instantly (simply copying and pasting from other projects), it does not take long to buy a social media following and develop a sketchily designed website. Of course, TipsyCoin has done the complete opposite – their skilled developers are meticulous in coding smart contracts which are innovative, doing sufficient beta testing, waiting for an audit to complete before launch and they are locking a remarkable amount of BNB in their liquidity pool. The time-lock is impressive too – 5 years – more than most other projects. In line with their promise of a long-term commitment, the Tipsy team has their equity vested over 12 months. TipsyCoin has started to build and engage with communities and the project has even committed to non-profit causes before its launch.Owning $tipsy unlocks a world of privileges. Besides being part of a fun community, holding $tipsy automatically earn rewards. There is no need to deposit $tipsy anywhere – there is no farming or staking mechanism since no new $tipsy is ever generated. $tipsy has a limited, maximum supply and the passive rewards to its holders are generated from tax proceeds of sale transactions (instead of minting new coins). As the first-ever coin to only have a sell tax (sellers pay a 10% tax when selling $tipsy) and no buy tax, $tipsy is built to encourage buying and to be part of a tightly knit community. Having no farming or staking mechanism is also another step in assuring $tipsy holders that their funds are forever safe as long as their wallets are secured. In the past, Binance Smart Chain (BSC) has been prone to economic exploits and TipsyCoin is doing everything possible to protect its holders.Part of the proceeds from the selling tax is used as rewards for $tipsy holders, while another part is used to buy back $tipsy during downward market trends. The project has created the buyback fund called the tipsyVault which basically accumulates BNB during sell transactions (generated from the tax proceeds). During downward market trends or whale dumps, the buyback is activated and thus BNB is converted to $tipsy, and this $tipsy is then burnt therefore reducing the supply. This means that the amount of BNB in the liquidity pool would increase, and the amount of $tipsy in the pool would decrease, resulting in a price increase. The burn then happens immediately after – this would reduce the supply and therefore further increase $tipsy’s value. As we have seen in economics, assets that have a diminishing supply can only grow in value over time.In a press statement, Pingu, Chief Penguin of TipsyCoin said “The coolest crypto projects were born over drinks. $tipsy fosters a community of love, trust, and kindness between humans”. TipsyCoin also has exciting ambitions for the future – metaverse partnerships with clubs for VIP hospitality andcollaborations with concerts for front-row seats. This will create an added utility for $tipsy, in addition to its NFT collection that is in the pipeline.TipsyCoin is poised to be the hottest launch of 2022. Launching between January and March next year, it positions itself to be a community-only cryptocurrency with a maximum supply of 100 billion $tipsy and coupled with its burn mechanisms, one can only expect $tipsy to increase in price. It will be available on PancakeSwap on BSC.Continue reading on CoinQuora More