cVault.finance(CORE)

A proposed governance shakeup would greatly reduce the amount of voting power accumulated by core contributors, investors and other insiders.

[PRESS RELEASE – Singapore, Singapore, 30th March 2023] Core is a novel layer one blockchain that is pushing the boundaries within the crypto space. Inspired by Bitcoin and Ethereum, Core progresses beyond those blockchain behemoths by synthesizing each of their superpowers. A student of blockchain history, philosophy, and innovation, Core optimally balances decentralization, security, and […]

Dubai, United Arab Emirates, 31st March, 2023, ChainwireUnizen is thrilled to announce a strategic partnership with DWF Labs, a leading global digital asset market maker and multi-stage Web3 investment firm. This collaboration will enhance Unizen’s mission to address the challenges faced by Web3 technology and create a seamless, frictionless experience for users by bringing together third-party blockchain projects from various networks under one roof, using the best interoperability and aggregation frameworks available.Unizen is dedicated to solving the complexities and inefficiencies that currently plague the Web3 ecosystem, such as research requirements, cross-chain bridging, native token gas fees, and more. Unizen’s all-in-one toolbox provides a user-friendly interface that integrates data and Web3 applications from top blockchains, enabling users to have full control over their assets and access the best rates with ease.The Unizen platform is built upon three core pillars: the Unizen Interoperability Protocol, Unizen Liquidity Distribution Mechanism, and the Unizen Omni-Chain Data Pool. These groundbreaking innovations ensure seamless blockchain traversal of digital assets, optimal execution prices for all assets backed by decentralised liquidity, and a uniform and standardised interface for apps and blockchain interactions across multiple networks.Andrei Grachev, the Managing Partner of DWF Labs, stated, “Unizen’s groundbreaking solutions, such as the Unizen Interoperability Protocol and Liquidity Distribution Mechanism, are transforming the way users interact with multiple blockchain networks. We believe that Unizen's innovative approach to solving the challenges faced by the ecosystem aligns perfectly with our mission at DWF Labs, and we're looking forward to a fruitful collaboration that drives the industry forward.”Sean Noga, the CEO of Unizen, stated, "By partnering with DWF Labs, Unizen is proudly joining forces with a company that drives industry adoption and increases efficiencies and usability across the Web3 landscape. We look forward to collaborating with DWF Labs to further enhance the user experience and foster the growth of blockchain technology."About UnizenUnizen is an innovative project that addresses the challenges faced by Web3 technology by creating a seamless, frictionless experience for users. Unizen’s platform brings together third-party blockchain projects from various networks under one roof, using the best interoperability and aggregation frameworks available. With our all-in-one toolbox, Unizen aims to revolutionise the Web3 ecosystem by providing a user-friendly interface that integrates data and Web3 applications from top blockchains.About DWF LabsDWF Labs is the global digital asset market maker and multi-stage Web3 investment firm, supporting portfolio companies from token listing to market making to OTC trading solutions. With offices in Singapore, Switzerland, the UAE, Hong Kong, South Korea, and BVI, the investment company DWF Labs is an affiliate of Digital Wave Finance (DWF), which consistently ranks among the top 5 trading entities by volume in the cryptocurrency world through its proprietary technology for high-frequency trading.Learn MoreWebsite | Gitbook |Twitter | Telegram | DiscordContactCEOSean [email protected]

Singapore, Singapore, 30th March, 2023, ChainwireCore is a novel layer one blockchain that is pushing the boundaries within the crypto space. Inspired by Bitcoin and Ethereum, Core progresses beyond those blockchain behemoths by synthesizing each of their superpowers. A student of blockchain history, philosophy, and innovation, Core optimally balances decentralization, security, and scalability.Without Core’s advancements, crypto has been plagued by the “Blockchain Trilemma,” which states that decentralization, security, and scalability can never be achieved simultaneously. Tackling the Trilemma head-on, Core DAO contributors have designed a unique consensus mechanism known as Satoshi Plus, which marries the decentralization and security of Bitcoin’s Proof of Work (PoW) with the scalability of Delegated Proof of Stake (DPoS).With Satoshi Plus consensus, both Bitcoin miners and CORE token holders can participate in network security by delegating their BTC hash power and staked CORE to a decentralized set of validators. With Bitcoin’s decentralization and DPoS’ scalability, validators on Core can securely and quickly produce blocks and validate transactions. Given this ingenious synthesis of blockchain principles, Core DAO contributors must now be considered thought leaders in blockchain innovation.Continuing to leverage the best features of all blockchains, Core is also EVM-compatible, allowing for the easy implementation of smart contract applications from Ethereum-based chains. The choice of EVM-compatibility, like other Core design choices, results from years of research into the trade-offs of other chains. This student-like approach allows Core to embody the essence of blockchain philosophy centered on decentralization and freedom.Inspired by philosophy and innovation, Core’s massive and enthusiastic community constitutes over 1.7 million followers on Twitter and over 239,000 members on Discord. Carrying over to on-chain activity, the recent CORE token airdrop was received by over 1.2 million participants, making it one of the largest smart contract interactions of all time. Looking forward, Core’s recent integrations with top-tier projects like Layer Zero are sure to lead unparalleled ecosystem development as more projects continue to see the Core opportunity.With leading builders, a growing community, and a groundbreaking consensus mechanism, Core is rising to revolutionize the blockchain space.About CoreDAOCoreDAO is a new independent blockchain powered by Satoshi Plus, an innovative consensus mechanism that directly leverages the Bitcoin mining hash rate and the Ethereum Virtual Machine (EVM) to power an optimally decentralized, secure, and scalable web3. Core DAO’s genesis and inspiration come from Bitcoin and Ethereum, but its ambition travels beyond those blockchain titans.ContactPR in chargeAntonio WuMEXC [email protected]

As blockchain technology continues to amass hype and interest, several problems still hinder the growth of this new innovation. According to a 2022 CoinGecko publication, over 40% of (3,322 out of the 8,000) cryptocurrencies listed in 2021 are dead. Most blockchain-based projects struggle to create and maintain a transparent token supply/demand structure. And coupled with the cost of maintenance and increasing energy consumption levels, these projects have found environmental and physical sustainability to be almost impossible. Another problem of mass adoption is trust. The recent FTX debacle and preceding events, the Axie Infinity failure, and the Terra/LUNA crash have dispelled trust in blockchain, a system purported to be secure and transparent. While several “community-powered” projects have launched, a few live up to the claim. The current DAO and governance approach incorporated by most projects means wealthier users can buy more tokens to change voting outcomes, eliminating the concept of decentralization. These problems are at the forefront of blockchain mass adoption, making it difficult to achieve. Klaytn, an open-source public blockchain for builders, workers, and players in the metaverse, has identified the ultimate trifecta for global blockchain adoption and is working to achieve it with sustainability, verifiability, and collectiveness. Klaytn Foundation’s Vision for Mass Adoption As part of its long-term vision to drive global adoption, Klaytn introduces a thoroughly crafted 2023 vision map for achieving the mass adoption trifecta. Sustainability The two profound components of a project’s sustainability are—a smart tokenomicsstructure capable of creating inherent value for the ecosystem and a well-grounded tech layer capable of supporting such an ecosystem. In line with these components, Klaytn integrates specific goals. Klaytn’s sound tokenomics and deflationary token model aspirations are stand-out features of this project. For sustainability, this public blockchain platform will continue to reschedule token releases to maintain relevance and initiate realistic targets for the right amount of tokens needed to make $KLAY a genuinely deflationary asset. It will also support activities that will guarantee mid-to-long-term token demand and supply. Taking into account the cost of running a blockchain-based ecosystem, Klaytnproposes an efficient specification for computer instances and data storage. This singular action will help the team manage nodes dexterously while reducing costs in the long run. Additionally, Klaytn will introduce new concepts such as permissionless network configurations, ecosystem treasury optimization, and token circulation monitoring that will effectively oversee the supply of new tokens based on specific criteria gathered from incumbent market conditions. Klaytn will also be on the lookout for infrastructures and services where ownership of $KLAY will guarantee holders access to these features, increasing the utility and transactional value of the token. Through exchange listings and on-chain service offerings, Klaytn hopes to attract more users. To increase the long-term sustainability of $KLAY, Klaytn will regularly burn a percentage of tokens—over 75 million $KLAY has been burned to date, and more are expected in the coming months. The Klaytn team looks to initially burn 5.28 billion (approximately 48% of the current total $KLAY supply) tokens as it seeks to keep $KLAY inherently valuable. Verifiability Trustlessness has proven to be a huge sticking point in the blockchain space. Ensuring verifiability in all situations is essential for improving the transparency of all components related to the operation of a blockchain network. In the spirit of promoting transparency and inclusivity in its governance processes, Klaytn intends to conduct frequent evaluations of community sentiment and develop a robust structure to facilitate efficient decision-making. KIP-81 will be integrated into Klaytn's mainnet, enabling users to conveniently view voting agendas, and monitor voting statuses and results live via the Klaytn Square governance portal. The Klaytn team also looks to open up access to its Governance Council, creating a process for teams interested in becoming GC members to apply directly. Collectiveness A robust ecosystem of developers and users is essential to the success of any blockchain network. This community serves as the backbone of the technology, providing the support, innovation, and governance necessary to drive adoption and ensure the security and integrity of the network. Besides enabling seamless onboarding of developers, Klaytn is integrating new measures to encourage active participation and community involvement. With the aim of providing a hassle-free development environment, Klaytn is set to unveil a suite of ecosystem service tools, including a trustless bridge, developer SDKs that seamlessly integrate with multiple services, and a metaverse package. As a public blockchain for all, Klaytn promises to be a community-powered project where users and developers are essential members. With that vision in mind, Klaytnwill hold regular developer meet-ups to provide direct communication and feedback channels with the Klaytn core development team. As it seeks to build on the spirit of collectivism, Klaytn also looks to establish “Proof of Hodl” communication touchpoints on its governance portal Klaytn Square, providing participants who contribute directly to the Klaytn ecosystem with opportunities to participate in governance and more. Through its meticulously-crafted vision map, Klaytn aims to achieve the trifecta of mass adoption —sustainability, verifiability, and collectiveness—taking a giant step towards driving global adoption and rekindling users’ trust in blockchain projects. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Hydra Ventures DAO, a decentralized autonomous organization (DAO) backed by prominent investors like 1kx, ConsenSys, and Seed Club, is poised to disrupt the world of fund-of-funds investing with an innovative model tailored for the crypto industry.The brainchild of pseudonymous venture investor Pet3rpan, a partner at venture firm 1kx, Hydra Ventures has raised $10 million to create a DAO that will support other investment DAOs. "I think the cool thing about Hydra is that for the first time ever we have builders operating a fund of funds. Just ironic because most people who operate fund of funds come from an institutional capital background and I think this is the first science experiment where we see very active direct ecosystem participants operate fund of funds in a very crypto native way," Pet3rpan shares. DAOs are blockchain-based organizations without a central authority, employing blockchain technology for governance. According to data from DeepDAO, there are over 40 investment DAOs in existence. Pet3rpan was involved in the creation of one of the first investment DAOs, MetaCartel Ventures, which has 75 members and has invested over $13 million into more than 70 projects, including Gitcoin and Gnosis Safe. Pet3rpan initially considered the rapid deployment pace of investment DAOs as a drawback. However, he now sees it as an advantage, noting that "investment DAOs are really amazing vehicles for indexing exposure across a certain ecosystem or market focus." Hydra Ventures aims to invest in 30 to 40 DAOs, targeting up to 10% of the investment DAO itself. The core team of Hydra Ventures includes members from 1kx, MetaCartel Ventures, and Thing3. These members bring valuable experience in navigating the challenges of tax, accounting, and legal aspects of DAO operations. Hydra Ventures will integrate Thing3, an operations-focused service DAO, to address these issues. Stephen McKeon, managing partner at Collab+Currency, praised the Hydra Ventures DAO team, stating, "The venture DAO space is nascent and constantly evolving — so, to us, Hydra is well positioned to pioneer the DAO fund of funds model." Hydra Ventures is particularly interested in backing DAOs with a strong investment thesis. Pet3rpan believes that those who are passionate about a specific market domain or space have a considerable advantage in investing, deal flow, and due diligence. This conviction forms the core thesis for Hydra. Hydra Ventures started raising funds in June last year and closed the round in January. The funds will be stored in a diversified set of stablecoins, with plans to deploy the funds over three years instead of in perpetuity, like MetaCartel Ventures.Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The last few years have seen many companies make forays into the exciting new world of Web3, drawn to its vision of decentralization, distributed computing and permissionless architecture. The rise of retail investing and more widespread adoption now means that people can vote with their feet, helping startups and companies moving into new sectors to ‘crowdsource’ their capitalization. Web3 projects are therefore able to leverage memes and hype cycles to grab the attention of millions of people and become viable in a short space of time. The rise of NFTs in 2021 marked a turning point for the space, with almost all digital-savvy people now aware of the technologies and how they work. By April 2022, it was revealed that 94% of Fortune 500 executives had either launched blockchain projects or were planning to. Even more striking, however, are the companies that have repositioned themselves in order to join the Web3 revolution, representing everything from food and beverages to the music industry. One example of a company with a successful Web 2.0 model that is pivoting to Web3 is WiFiMap. Founded in 2014, the connectivity platform is based on a core idea of crowdsourcing public WiFi hotspots into a single, shared online database. It is one of the largest WiFi finder apps in the world and has been a highly successful Web 2.0 startup with a crowdsourced growth model. In 2022, the founders announced the creation of $WIFI — a utility token that would be used to incentivize people to contribute to the growth of the platform. The idea is that these tokens can then be used to access premium services in the app, such as eSIM mobile data. According to co-founder and CTO Igor Goldenberg, “WiFi Map is not just about providing internet access, but also about creating a community of individuals who share a common goal of building a more connected world. Through their platform, users can connect with others and contribute to the growth of the network, all while earning cryptocurrency.” One of the core features of the tokenized WiFi Map will be its connect-to-earn model. Users who add WiFi hotspots to the global map, check network credentials and run internet speed tests will receive tokens and, at the end of each month, $WIFI will be airdropped to the most active contributors. Goldenberg is optimistic about the network effects that $WIFI will set in motion: “As the world becomes more interconnected, reliable and secure internet access is essential. WiFi Map provides a solution that not only meets these needs but also enables users to earn cryptocurrency by sharing their WiFi hotspots and running speed tests. This is a game-changer for those seeking new ways to earn passive income and participate in the Web3 ecosystem.” Ultimately, the app is aiming to become the first genuine superapp in the emerging DeWi(decentralized wireless) space, supporting its public WiFi offering with VPN data protection, competitive eSIM mobile data packages and a full stack of lifestyle services. $WIFI is set for a March 30, 2023 launch on the TrustSwap Launchpad, in partnership with the leading Canadian DeFi platform. With an existing community of 150 million users, and use cases set to go live immediately on the TGE date, $WIFI has the potential to shake up Web3. In fact, with a projected 4 million monthly users at launch, WiFi Map will become one of the biggest projects in the entire crypto space. Goldenberg added the following: “By leveraging the power of blockchain technology, WiFi Map is creating a decentralized network that puts control back in the hands of the people. This has the potential to disrupt the traditional model of internet service providers and bring about a new era of internet connectivity.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

The cryptocurrency industry has undoubtedly had a rocky few years. From high-profile scams to market crashes and regulatory hurdles, the industry has faced numerous setbacks that have shaken the confidence of even the most ardent crypto idealists. The "idealist" crypto projects and platforms can help unlock practical value. Adhering to core principles, such as decentralization, user control, and being verifiable, is essential to make a lasting industry impact. Those approaches introduce many new hurdles and challenges, but the following platforms continue innovating and pushing the industry forward - keeping crypto idealism alive. Theta Network (Decentralized Video Streaming) The decentralized video delivery network aims to disrupt the traditional video streaming industry. It uses blockchain technology to create a peer-to-peer network of users sharing video content, reducing the need for centralized servers and cutting costs. Theta Network also rewards users who contribute their computing resources to the network with Theta tokens, which can be used to access premium content and services on the platform. Theta Network has partnered with some of the biggest names in the video streaming industry, including Samsung, Google, and MGM Studios. As a result, it has a growing user base of millions of users worldwide. In addition, the platform's unique approach to video delivery has earned it praise from industry experts, and it has the potential to disrupt the traditional video streaming industry in a significant way. Nimiq (Crypto For Everyone) Nimiq is a decentralized cryptocurrency project that aims to make cryptocurrency accessible to everyone through a user-friendly and easy-to-use platform. A crucial boon of Nimiq is its focus on usability and accessibility, which makes it ideal for new users looking to enter the cryptocurrency world. That approach has given birth to various tools and infrastructure solutions to enable mass cryptocurrency adoption. A core benefit of Nimiq is its fast transaction times. Nimiq uses a unique consensus algorithm called Albatross, which allows for near-instant transactions. That is a significant advantage compared to other cryptocurrencies, which may take several minutes or even hours to confirm transactions. In essence, Nimiq is a decentralized payment solution with a native blockchain. Its team aims to usher in a global monetary system without intermediaries. In addition, its solution is non-discriminatory, secure, cheap, eco-friendly, and collaborative. It also removes concerns over market volatility, technical expertise requirements, and clunky interfaces. Cardano (Blockchain Infrastructure) Another platform that crypto idealists should keep their eye on is Cardano. Founded by Charles Hoskinson, one of the original co-founders of Ethereum, Cardano aims to create a more sustainable and scalable blockchain platform than its predecessors. Unlike other blockchain platforms that use proof-of-work algorithms to verify transactions, Cardano uses a more energy-efficient and scalable proof-of-stake consensus mechanism. Cardano also aims to provide greater security and transparency than other blockchain platforms by separating its transaction validation and computation processes into two separate layers. This approach allows for greater flexibility and efficiency and makes it easier to update the platform over time. Cardano's commitment to sustainability, scalability, and security has earned it a loyal following among crypto enthusiasts, and it has already established partnerships with several major companies and organizations. Lens Protocol (Decentralized Social Media) Lens Protocol is a decentralized platform built on the Polygon blockchain that allows users to create, trade, and manage synthetic assets. These synthetic assets are created by mirroring the value of other assets, such as commodities, stocks, and fiat currencies. It allows users to gain exposure to the underlying asset without owning it. The Lens Protocol platform is powered by smart contracts that ensure the accuracy and transparency of each transaction. Users can create synthetic assets or invest in existing ones called lenses. Each lens is backed by collateral, which is held in a smart contract, and the underlying asset's value determines its value. When a user invests in a lens, they receive a corresponding amount of synthetic tokens, which can be traded or redeemed for the underlying asset at any time. The Lens Protocol platform also includes a governance system that allows users to vote on proposals related to the platform's development and management. That gives users a say in how the platform operates and ensures it remains community-driven and decentralized. Overall, Lens Protocol provides a flexible and efficient way for users to gain exposure to a wide range of assets while leveraging the security and speed of the Polygon blockchain. To conclude, there is still a lot of activity in the cryptocurrency and blockchain space. While the overarching market momentum may remain volatile, builders put their best foot forward to unlock a brighter future. The projects outlined above showcase the building blocks users can experiment with today and in the future. Moreover, the varied approach by developers to explore different concepts - video streaming, social media, and making crypto more accessible - confirms the evolution of overall infrastructure. There is much more potential to unlock in the industry, as a decentralized web is inevitable at this point. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Circle has announced that the USDC stablecoin will be launching in the Cosmos ecosystem through its partnership with the Noble network. The launch will make USDC available to all Cosmos IBC blockchains. USDC Comes To Cosmos Soon after making its way out of stealth, Noble Protocol has announced that it has entered into a partnership that will bring USDC natively to the Cosmos ecosystem. The news was announced by Circle, the issuer of the stablecoin, in a Twitter post, "We're excited to bring USDC to @Cosmos! USDC is expected to launch on @noble_xyz soon; stay tuned for details. #IBC" Noble Protocol also made its own announcement on Twitter, although no specific timeline or date for USDC's launch on Cosmos has been shared. "This is a huge moment for our ecosystem. @Cosmos has never had a native, fiat-backed stablecoin that is highly liquid & fully collateralized. For the first time in @Cosmos history, 50+ IBC-enabled blockchains (& counting!) will soon be able to access USDC natively via IBC." However, both Circle and Noble have asked users to "stay tuned." USDC is currently the second-largest stablecoin in the crypto space behind Tether and plays a crucial role in several decentralized finance (DeFi) projects. It is also used as collateral for lending and borrowing and generates yield thanks to its stability and dollar peg. While the stablecoin went through some volatility following the collapse of Silvergate Bank and Silicon Valley Bank, it has regained its dollar peg. First Native Stablecoin Cosmos is an interconnected web of blockchains that utilize the Tendermint Byzantine fault-tolerance protocol, Application Blockchain Interface, and Cosmos Software Development Kit. The Noble team stated that following the launch, USDC will be the first native, fiat-backed stablecoin on the Cosmos Inter-Blockchain Communication protocol. The team believes that introducing the highly liquid and fiat-backed USDC stablecoin would solve several challenges users face on Cosmos face when they try to bridge assets between different networks. The team explained, "This integration will catalyze hundreds of millions of dollars in liquidity over the coming months in Cosmos and will seek to rectify the challenges that users and appchains face when interacting with bridged assets sourced from other ecosystems. […] Every blockchain needs a canonical and fungible version of USDC, and Noble exists to fulfill this critical need." Currently, users on Cosmos can only access major stablecoins through bridge protocols such as Axelar and Gravity. With the introduction of USDC, DeFi protocols in the ecosystem will have a single stablecoin to turn to, and Noble hopes this could inject new liquidity into the ecosystem. CEO of Noble, Jelena Djuric, stated, "It's also for the users themselves to have a seamless process of accessing native assets in the ecosystem. At the end of the day, we're seeking to rectify the challenges that users and app chains face when interacting with bridge assets." Cosmos has seen a flurry of activity in recent months. In January, Injective Protocol launched a $150 million fund to promote further user adoption of the Cosmos ecosystem. The fund was backed by the likes of Jump Crypto, Pantera Capital, and others known for investing in blockchain projects. February saw the allocation of $40 million by the Cosmos Interchain Foundation to promote the development of core infrastructure and applications for the Cosmos ecosystem. Circle's Plans For Cosmos Circle had first stated its intention to launch USDC on Cosmos as early as September of last year. Furthermore, the decision to launch USDC on Cosmos is also linked to the fact that the lending protocol dYdX will soon be moving from Ethereum to the Cosmos IBC. Djuric added, "We're very much doing this in preparation for dYdX's launch. We see this as a huge moment for the Cosmos and the app chain thesis because this is a project that has already got a lot of success on Ethereum." Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

Developers on Ethereum have announced that the Shapella upgrade will take place on the 12th of April, 2023. The upgrade will take effect at epoch 194,048, coming as a relief for validators on the platform. Withdrawals Incoming The Shappella hard fork will come as a huge relief to Proof-of-Stake validators, who will finally be able to withdraw their ETH from the platform. The fork, scheduled for the 23rd of April, will enable withdrawals through the Ethereum Improvement Proposal (EIP) 4895. Once implemented, this will push staked Ether from the Beacon Chain to the Ethereum Virtual Machine (EVM), also known as the execution layer. Ethereum core developer Tim Beiko announced the news on Twitter, stating, “It’s happening Shapella is scheduled on mainnet for epoch 194048, scheduled for 22:27:35 UTC on the 12th of April, 2023. Client releases compatible with the upgrade are listed in the announcement below.” The time, slot, and epoch for the upgrade were confirmed after lengthy deliberations and discussions between members of the Ethereum Foundation, led by Beiko. The hard fork will finally enable the partial and complete withdrawal of ETH. However, several mechanisms have been put in place to ensure that a flood of unlocked ETH does not end up disturbing the market dynamics. Currently, there are around 17.81 million ETH staked on the beacon chain. At current prices, around $31.6 billion worth of ETH can be unlocked over time. Successful Deployment On Goerli And Sepolia Testnets The announcement comes after Ethereum developers successfully deployed the Shapella fork on the Goerli and Sepolia testnets. While the Ethereum Foundation had stated that the last test run on the Goerli testnet was smooth, there was a delay in activation time thanks to some validators not updating their client software on time. However, Beiko stated that this would not be an issue this time around. The upgrade combines changes to the Shanghai Ethereum Virtual Machine, also known as Shanghai, and the consensus layer, Capella. It has also changed to the engine API linking the two layers bundled in it. Apart from enabling withdrawals, the Shapella upgrade also implements several other Ethereum Improvement Proposals, such as EIP-3855, EIP-3651, EIP-3860, EIP-4895m, and EIP-6049. EIPs are standards that add or designate new features and processes for Ethereum. Before the Shapella upgrade, validators had to lock 32 ETH in a smart contract on the Beacon Chain to be able to earn rewards. Previous Hard Forks Ethereum has gone through a long list of hard forks, with the latest Shapella touted as one of the most significant to date since the Merge. The Merge saw Ethereum finally make the transition from the energy-hungry Proof-of-Work consensus mechanism to Proof-of-Stake. Before the Merge, we saw the London hard fork that saw the introduction of EIP-1559. EIP-1559 introduced a base fee for users instead of the price auction method. Validators still receive a block reward and tip. However, the base fee is burned and is intended to make ETH deflationary over time. Before EIP-1559, there was Berlin, which helped optimize gas costs for specific EVM actions, while the Beacon Chain Genesis saw the first block produced on the Proof-of-Stake chain on the 1st of December 2020. Lastly, Istanbul, implemented in 2019, helped improve resilience against denial-of-service attacks, along with making SNARKs and STARKs-based layer-2 solutions more performant. Additionally, the Ethereum Foundation also announced that it would be doubling rewards for any bugs found in the Shapella source code. However, while the Shapella hard fork marks a significant milestone in Ethereum’s journey, the protocol still suffers from low transaction throughput. Data from Blockchair has shown that Ethereum’s transaction speed currently stands at 10 transactions per second. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

ERC20 tokens are tokens built on the Ethereum blockchain and are standardized to ensure they are compatible with the Ethereum network. This means they can be easily integrated with other Ethereum-based applications, making them highly versatile and easy to use. But why do so many projects choose to release their tokens on the Ethereum blockchain? Well, Ethereum is one of the most popular blockchain platforms in the world, offering developers a wide range of benefits. For starters, it allows for creating smart contracts, self-executing contracts that can automate complex business processes. Additionally, Ethereum has a large and active developer community, so new tools and features are constantly added to the platform. If you're looking to invest in ERC20 tokens in 2023, then you'll want to keep an eye on some of the top projects in the space. In this article, we'll take a look at the top 8 ERC20 tokens to invest in this year. From DigiToads to Calvaria, each of these projects has something unique and is definitely worth considering for your portfolio. 1. DigiToads DigiToads is a new play-to-earn token with a toad-themed ecosystem designed to increase the passive income-earning potential of token holders. Developing a Web3 game where players can purchase, collect, and train toad NFTs as pets is one of the most exciting aspects of DigiToads. These toads can be used in battle and to climb the leaderboard rankings in exchange for the game's native currency, TOADS. At the end of each gaming season, half of the total prize pool, collected from in-game item sales, is distributed proportionally to the top 25 percent of players. Even if players don't finish in the top 25%, they still get 10% of the total prize pool. Additionally, 2% of each TOADS sale is dedicated to the staking pool, implying that players who stake their NFTs are eligible for large payouts. Notably, DigiToads are automatically burned at a rate of 2% of all TOADS transactions, resulting in a decreasing supply and increased potential for long-term appreciation for those who hold it. DigiToads presale has already raised over $340K in two weeks, so the project is truly about to make a revolution in the blockchain gaming industry. For More Information on DigiToads: Visit The Website: https://digitoads.world Join The Community: Linktr.ee/digitoads 2. ApeCoin ApeCoin is a relatively new ERC20 token developed by Yuga Labs, the creator of the Bored Ape Yacht Club and Mutant Ape Yacht Club non-fungible token (NFT) collections. APE is a governance and utility token used as the primary token in Web3 for art, gaming, entertainment, and events. Bored Apes, a collection of 10,000 unique digital artworks, has become a trademark of ApeCoin. ApeCoin is a decentralized autonomous organization (DAO) whose governance and management are handled by token holders. Therefore, all ApeCoin holders have the opportunity to join the ApeCoin DAO and have a say in how the Ecosystem Fund is distributed, as well as other governance rules, projects, and partnerships. The Ape Improvement Proposal (AIP) Process provides a methodical framework for community members to submit proposals in one of three broad categories: Core, Process, or Informational. 3. Decentraland Decentraland is a widely used metaverse platform that allows for digital advertising for blockchain-friendly brands and play-to-earn crypto games like ICE poker, virtual concerts, and more. Users can buy, sell, and manage virtual reality applications on this platform, encouraging more developers and operators to join the project's global network. The platform's original token, MANA, can be used to purchase LAND. LAND is a non-fungible digital asset stored in an Ethereum smart contract. The MANA currency serves many purposes beyond just facilitating avatar comparisons. In this online environment, users can buy land to construct, explore, and run their own businesses. 4. Uniswap Uniswap is an Ethereum-based protocol for executing decentralized exchanges. It allows users to trade any ERC-20 token without a central intermediary. Launched in November 2018, Uniswapis based on the Ethereum platform and takes advantage of its smart contracts, which carry out actions automatically once certain criteria are met. Since the protocol is freely available, anyone can use it to start new markets or participate in existing ones. The Uniswap protocol relies fundamentally on an AMM structure to facilitate trades. Instead of an order book, this model uses a mathematical algorithm to establish the value of tokens. Traders who contribute liquidity to the protocol do so by placing an equal number of two tokens into a liquidity pool, from which they receive liquidity pool tokens representing a proportional allocation of the pool's total value. In exchange for trading or holding these tokens, users gain access to a proportion of the protocol's transaction fees. 5. Maker Using the Ethereum blockchain, Maker (MKR) operates as a DAO to oversee the Maker Protocol. Dai is a stablecoin whose value is pegged to the US dollar, and it can be created on the Maker protocol, a decentralized lending platform. Using the Maker Protocol, borrowers can secure Ethereum as collateral and borrow Dai at a predetermined collateralization ratio. The system is set up to keep the value of a Dai at 1 USD at all times. MKR is the Maker protocol's token of governance. Holders of MKR can vote on proposed amendments to the protocol, such as the addition or deletion of collateral types and adjustments to the risk parameters. When the collateral value drops below the required collateralization ratio, auctions of unsecured debt are triggered, and MKR holders must participate in keeping the system stable. One of its most notable features is the Maker protocol's flexibility in accepting cryptocurrency, fiat currency, and even other stablecoins as collateral. This ensures that there are no central points of failure in the protocol and that it can continue to operate independently. All transactions and balances in Maker are public and auditable via the blockchain, adding to the protocol's credibility. 6. Yearn Finance Yearn Finance is a DeFi yield farming platform focused on helping its users maximize their cryptocurrency investment returns. Yearn Finance allows owners of ERC20 tokens to either lend out their tokens at potentially high-interest rates or stake them on the blockchain of a given project in exchange for rewards. The Yearn Finance token (YFI) is an ERC20 token unique to the platform. Its primary function is a governance token that entitles token holders to a say in which future projects the platform will support. YFI token holders are also eligible for a cut of the company's profits. A portion of the fees paid by Yean Finance users is allocated to managing the investments delivered to YFI token holders. 7. Dash 2 Trade Dash2Trade, a novel social trading and analytics tool, is another ERC20 token that deserves your attention. Its goal is to arm users with all the data they need to make educated decisions in the cryptocurrency market. Social trading, listing alerts, market news, on-chain analytics, and automated trading tools are just some of the platform's many features. Dash2Trade's native D2T token is what makes the platform work. D2T uses the Ethereum blockchain and has a maximum supply of 1 billion coins. 8. Calvaria Last but not least, we have Calvaria, an innovative crypto-card game. It is the traditional play-to-earn that allows users to earn money by competing against other users. The goal is to create a game that can bridge the gap between the "real world" and the crypto world, making it fun and approachable, and accessible on iPhone, Android, and PC. $RIA will be utilized to support the entire gaming ecosystem and awarded to tournament winners. The tokens are tradable on marketplaces and can be used to purchase virtual goods such as NFT cards. Players will also be rewarded with $eRIA (earned ria) tokens for their time and effort in the game. The $eRIA token will have utility and value in and out of the crypto community. Final Takeaway Investing in ERC20 tokens can be smart for those looking to diversify their cryptocurrency portfolios. With the wide range of benefits, the Ethereum blockchain offers, it's no surprise that many projects choose to release their tokens on this platform. The top 8 ERC20 tokens mentioned in the article offer unique features and growth potential, so diversify your portfolio and maximize your returns in the long term. To purchase DigiToads visit: https://digitoads.worldTo purchase the other tokens on this list head over to eToro or any major crypto exchange Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.

Nvidia, the computing software and hardware design firm behind what some have touted to be the cutting edge in terms of processors, has long been a key player in the world of technology. Its silicon substrate designs laid the foundation for technological innovation for over the past three decades, driving progress in various industries. Nvidia CTO Michael Kagan, however, recently expressed his belief that cryptocurrencies do not "bring anything useful for society," in an interview from The Guardian. "All this crypto stuff, it needed parallel processing, and [Nvidia] is the best so people just programmed it to use for this purpose. They bought a lot of stuff, and then eventually it collapsed, because it doesn’t bring anything useful for society. AI does." Kagan shares. Kagan also compared crypto to AI, claiming that the uses of processing power for artificial intelligence engines were somehow more "worthwhile" than mining or computing for proof-of-work blockchains. Despite this assertion, it's essential to examine Nvidia's history and its role in supporting the development of blockchain and distributed ledger technologies, which are shaping a decentralized future. Nvidia's Silicon Legacy As a silicon manufacturer, Nvidia has been at the forefront of the tech revolution. Silicon, the second most abundant element on Earth (seventh, if we include the entire known universe), is the primary component in semiconductor materials. Its unique properties have enabled the production of integrated circuits, microprocessors, and memory chips, all of which have played a pivotal role in the digital age. The growth of silicon-based technology has spurred advancements in computing, communications, and various other industries, impacting every aspect of our lives. This also extends to how blockchain technologies were first developed from the mid-80s until the threshold moment in January 2009, which was when the genesis block for Bitcoin was mined. As technology evolves, the salient prospects of creating cohesively interlinked ecosystems and stacks is increasingly shifting toward decentralization. Blockchain and distributed ledger technologies (DLT) are key to this development, enabling greater security, transparency, and efficiency in various sectors. The rise of Bitcoin and other cryptocurrencies is just one example of how these technologies are reshaping our world. Considering the legacy of companies like Nvidia, it is vital that they continue to support and nurture the growth of decentralized technologies. While the initial software behind Bitcoin relied heavily on proof-of-work, future implementations of blockchain and DLT may require less computing power as the shift to proof-of-stake becomes more apparent in the case of Ethereum. As a leading computer hardware manufacturer, Nvidia has the potential to contribute significantly to this decentralized future. Indeed, Nvidia's mixed relationship with cryptocurrencies highlights the need for tech giants to adapt and embrace the changes driven by blockchain and DLT. Roughly two years ago, its competitors such as AMD have also begun their own initiatives into the crypto space. While their GPUs were in high demand for mining cryptocurrencies, the firm has also faced challenges, such as the enforced hashrate limitations and regulatory prompts and warnings for not disclosing the impact of crypto mining on their gaming GPUs. Crypto's Social Impact Technology pushes the boundaries of what's possible in the human imagination. It's a bit disheartening to hear of technologists such as Kagan offer a negative prospect about crypto and blockchain, which may be considered as one of the greatest innovations in recent history. While it's true that there have been challenges and inconsistencies in the crypto industry which have led to global market instability, the core technology and the ideals of freedom and financial inclusion it represents is what's important, not the individual aberrations or the prices driving people unto irrational heights. Cryptocurrencies and blockchain technology have garnered significant attention in recent years, not only for their potential to disrupt traditional financial systems but also for their wide-ranging social implications. The crypto industry is rapidly reshaping the legacy ecosystems that we've all been mired in: from banking to finance, crypto is changing the paradigm, opening its use to unbanked and underbanked demographics. With a borderless and decentralized financial ecosystem, crypto enables people without access to (or even those who prefer not to) traditional banking services to become active participants in the global economy. This fosters individual freedom and opens opportunities, especially in developing nations. In the same way, crypto and blockchain tech have also revolutionized philanthropy and social initiatives. With the use of transparent smart contracts, crypto helps ensure funds are used effectively and reach their intended recipients. Tokenization and smart contracts can also be used to facilitate innovative funding models, such as decentralized autonomous organizations (DAOs) focused on social causes. While cryptocurrencies like Bitcoin have faced harsh criticism for their energy consumption and impact, many projects in the crypto space are actively working on more sustainable solutions. It can also be leveraged to promote environmental stewardship, such as by tracking carbon emissions, enabling peer-to-peer renewable energy trading, and ensuring sustainable land management practices. It's crucial for companies like Nvidia to recognize the potential of blockchain and DLT in shaping our shared, decentralized future. By supporting and fostering these advancements, tech giants can help usher in a new era of innovation, driving progress across industries and improving the lives of people worldwide. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice. Opinions stated herein are solely of the author's, and hence do not represent or reflect CryptoDaily's position on the matter. The author has no influential stakes in any of the digital assets and securities mentioned, and does not have any significant hold of or own any cryptocurrency or token discussed.