Coindesk ethereum – Bitcoin Isle

Coindesk ethereum – Bitcoin Isle

Click here to view original web page at

esarf y1ffvtwfw , hohyok8wp , xpea72vn60, ufd7fwlgc , yeipqz r0u9wdyp, xzypfl7hcvrsn opvt,


Bitcoin loyalist, Tuur Demeester, backs Ethereum thanks to DeFi

Bitcoin loyalist, Tuur Demeester, backs Ethereum thanks to DeFi

Long time supporter of Bitcoin and critic of Ethereum now says he is long on the smart contract platform

After years of criticising Ethereum, Tuur Demeester, a long term backer of Bitcoin, announced via Twitter that he will be taking the long position with Ethereum, though not without doubts about its fundamentals.

I agree with @PeterLBrandt, ETH/BTC technicals are looking bullish so I’m long. (I still think ETH has extremely problematic fundamentals.)

— Tuur Demeester (@TuurDemeester) July 8, 2020

In a video announcement last month, Demeester expressed how he will be scaling back his public relationship with Bitcoin due to its recent politicisation, as well as his desire to focus more on humanitarian matters.

“One of the issues I’ve felt with self-labelled Libertarians and anarchists is that there’s often a level of compassion lacking, and so, rather than try and change their minds, I’m trying to see if there are other ways to talk about this stuff,” Demeester explained.

This shift to Ethereum comes at a time when the DeFi market is gaining popularity and numerous projects that use its blockchain are being given lots of attention.

Ethereum facilitates smart contract technology and the adoption of blockchain into many industries with its Hyperledger platform.

Industries such as sports, media, entertainment and logistics are starting to see the value of blockchain technology and have been replacing their traditional systems with Ethereum’s Hyperledger, making it an emerging force in the global industrial sector.

With the introduction of token Compound (COMP), an Ethereum based decentralised financial service, interest has increased with many of its current and potential users, propelling the Ethereum Defi market up to an explosive $2 billion in Q2 2020.

The surge of interest in DeFi appears to still be in the early stages, which means it may see more growth over the next few years — especially in a near-zero interest rate environment where investors are hungry for high-yield returns.

Demeester recognises this boom and sees the potential of Ethereum, but remains doubtful of the platform still believing there are flaws that need to be remedied. During his video announcement, he reiterated his belief in Bitcoin.

Experts suggest that a swing of this scale may still only be temporary, as DeFi is still in its development stages. Overall, however, they remain positive for how the DeFi market is looking right now.

The future of Ethereum and many of its development tools is still uncertain. However, it is undeniable that it is the basis of the future development of various industries around the world.


Author: admin

Unitize Roundup: Top 10 Quotes From the Virtual Blockchain Conference

Unitize Roundup: Top 10 Quotes From the Virtual Blockchain Conference

The five-day Unitize virtual blockchain conference organized by BlockShow and San Francisco Blockchain Week ended with the final session on Friday. The event saw appearances from Heath Tarbert, the chairman of the Commodity Futures Trading Commission; Vitalik Buterin, a co-founder of Ethereum; and Tim Draper, a serial blockchain investor, as well as other speakers from a diverse pool of market segments both within and outside the crypto space.

Blockchain adoption, decentralized finance, central bank digital currencies and the future of Bitcoin (BTC) dominated the conversation in many of the panels. The event also saw speakers chart possible paths forward for the advancement of the industry.

If you didn’t have the opportunity to catch all the goings-on at the conference, it is available on Cointelegraph’s YouTube channel in full. Or, to keep it short and sweet, below are the top 10 quotes from the event sponsored by crypto derivatives exchange platform Bybit.

Ethereum co-founder Vitalik Buterin revealed that stateless clients implementation on the Ethereum network is still unattainable due to fundamental limitations, stating that any help from the community is welcome:

“There are a bunch of fancy arithmetic techniques that allow us to cut these witness sizes down to the point where the extra data that stateless clients need to download is actually not that much. But still research and still a lot of refinement required, and this is something where we actively welcome more help from the academic research community.”

CBDCs were a popular topic on the first two days of the conference. Matthew Graham, the CEO of Sino Global Capital, reasoned that China’s digital currency electronic payment is geared toward yuan internationalization.

Echoing Graham’s sentiments, Douglas Arner, the director of the Asian Institute of International Financial Law at the University of Hong Kong, identified the DCEP as having a better chance of interoperability than many other national CBDC plans, adding:

“If we think of the Chinese [CBDC] proposal at the moment, it is largely limited to operating within the context of the physical and electronic borders. But one can imagine how in the context of those electronic borders, if one integrates the system with, say, the RMB swap lines that are engaged in a range of different countries, that sort of RMB electronic area can be expanded outside.”

What future awaits cryptocurrencies?

University of California, Berkeley professor Barry Eichengreen called Libra “an interesting idea that will never see the light of day,” while arguing against the future potential of stablecoins, declaring:

“Stablecoins are either fragile — they are prone to attack and collapse if they are only partially backed or collateralized with actual dollars or dollar bank balances, or they are prohibitively expensive to scale-up if they are, in fact, fully or over-collateralized.”

Sheila Warren of the World Economic Forum said that unbanked and underbanked people will flock to blockchain solutions if entrepreneurs can bridge the technological gaps:

“We have to look at what is actually the lowest hanging fruit there. Well, oddly enough, it’s people who have been excluded from traditional systems for whatever reason. They’re the hardest to build for in many ways, but they’re the people most willing to accommodate or try something new.”

Ali Loveys, the chief privacy officer of ConsenSys Health, advised blockchain entrepreneurs to focus on value creation, opining:

“The challenges are always less about the technology than about the business value and the people who are interested in using it or resistant to using it. […] I don’t come in to sell blockchain, I come in to talk about business issues and where we find a good fit, and we move forward.”

Balaji Srinivasan, a general partner at venture capital giant Andreessen Horowitz, and Meltem Demirors, the chief strategy officer at CoinShares, spoke about Bitcoin as an alternative to fiat currency debasement. According to Srinivasan:

“Ultimately, there are two modalities that people can accept: A, we have total power; B, no one has power over us. On the other hand of the spectrum you have Bitcoin, which is open-state, open-source, open execution, totally inspectable, totally transparent, based on mathematics and no one has power over it.”

Speaking at a fireside chat, Heath Tarbert, the chairman of the United States Commodity Futures Trading Commission, predicted thataltcoin futures trading in the country will happen once cryptos get more regulatory clarity, stating:

“Unlike my prediction about Ether, at the this point, I don’t see anything on the horizon, but I think it is inevitable that in the future, once major classes of digital assets receive the clarity on whether they are securities or commodities, you’ll start to see them also be listed, particularly as they get more popular and people do see them as a store of value.”

Coin Metrics researcher Lucas Nuzzi said crypto exchanges can undo hacks by forcing blockchain reorgs, using rented mining hash power, but there is a catch:

“It’d actually be impossible for exchanges, or any entity really, to reorg BTC via NiceHash. This could, however, be an effective counterattack on smaller chains with more niche hashing algos, like Lyra or Equihash.”

For Richard Holden, an economics professor at the University of New South Wales Business School, blockchain voting will prevent mail-in voter fraud but will be to the benefit of the Democratic Party, arguing:

“Distributed ledger technology might be an interesting defense against the idea of there being fraud with vote by mail. But DLT could in principle be more even immune to those considerations. So, it’s going to play a very important role going forward because it has a potential political skew — not by intent, but just by implication.”

While accepting the unlikelihood of his victory in the November election, crypto venture capitalist Brock Pierce said his decision to run for president is aimed at putting blockchain on the political agenda. Pierce bemoaned America’s perceived technological decline, stating:

“The United States historically has been the capital of innovation, on the front lines of technologies like blockchain. I feel that this is not a great environment for innovators to build. I’m watching many of the best innovators in our nation moving to Asia, moving to Europe, moving to other places because they don’t feel safe to innovate and experiment.”


Author: by admin

Ethereum May See Its Most Important Breakout Since 2018: All Eyes on $240

Ethereum May See Its Most Important Breakout Since 2018: All Eyes on $240

Out of the top-five cryptocurrencies, Ethereum has been the most bullish one over recent weeks. The cryptocurrency has pushed closer and closer to local highs as Bitcoin and XRP have stalled.

Analysts say that with this recent price action, ETH is likely preparing to see a massive breakout. One trader, in fact, said that Ethereum may soon see its “most significant breakout” since the bear market ended at the start of 2018.

According to a fund manager in the crypto space, Ethereum could soon see an extremely important breakout as it consolidates under a long-term resistance.

Should the diagonal resistance and the green line break, the analyst expects “explosive appreciation” due to a positive macro and fundamental environment.

ETH macro price action analysis by "Lucid" (@Lucid_TA), a crypto fund manager and trader. Chart from

This crucial analysis of the ETH price comes as the underlying Ethereum network has seen a growing fundamental case, analysts have said.

Despite Ethereum still trading in macro consolidation, the blockchain’s decentralized finance (DeFi) ecosystem has seen a massive uptick in usage. The growth in this sector has resulted in the highest on-chain metrics for Ethereum since the 2018 bubble.

Blockchain analytics firm Santiment, for instance, found late last month:

“ETH’s network growth metric has rapidly been on the rise since the beginning of 2020, creating 237% more addresses yesterday than it did on Jan 1, 2020. New daily addresses just crossed above 100,000 again yesterday, and it appears as though it is trending toward its 2020 high of 116,000 new daily address created, which was achieved on June 1, 2020.”

What may prevent bullish price action, though, is high transaction fees.

Head of business development at Kraken’s futures division, Kevin Beardsley, said on transaction fees in June:

“I have spent $14 on ETH gas fees to transfer/lock my $15 into @CurveFinance and I’m earning a princely $0.079 in weekly $SNX rewards. I’ll break even in just 177 short weeks! (not including gas to close contracts.”

Analyst Qiao Wang, a former executive at Messari, remarked that these instances of high fees leave Ethereum vulnerable to being “dethroned”:

“So long as ETH 2.0 is not fully rolled out, there’s an obvious opportunity for a highly scalable blockchain to dethrone Ethereum. Paying $10 transaction fee and waiting 15 seconds for settlement is just bad UX.”

This has also been echoed by some of Ethereum’s proponents, who say that the community need not be complacent in letting high fees persist.


Coindesk ethereum – Bitcoin Isle

Ethereum newsEthereum Retains Complete support from the Daily MAs
Ethereum newsEthereum Classic Market Capitalization Reaches $728.14 Million (ETC)
Did the article help? Rate it
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Add comment

Get Awesome Reviews

Coins, exchanges, wallets, crypto games, crypto cards.
Search for reviews and share your own experience.