Moon

[Mirror] A Proof of Stake Design Philosophy

Vitalik Buterin via the Vitalik Buterin Blog This is a mirror of the post at https://medium.com/@VitalikButerin/a-proof-of-stake-design-philosophy-506585978d51 Systems like Ethereum (and Bitcoin, and NXT, and Bitshares, etc) are a fundamentally new class of cryptoeconomic organisms — decentralized, jurisdictionless entities that exist entirely in cyberspace, maintained by a combination of cryptography, economics and social consensus. They are kind of like BitTorrent, but they are also not like BitTorrent, as BitTorrent has no concept of state — a distinction that turns out to be crucially important. They are sometimes described as decentralized autonomous

[Mirror] Quadratic Arithmetic Programs: from Zero to Hero

Vitalik Buterin via the Vitalik Buterin Blog This is a mirror of the post at https://medium.com/@VitalikButerin/quadratic-arithmetic-programs-from-zero-to-hero-f6d558cea649 There has been a lot of interest lately in the technology behind zk-SNARKs, and people are increasingly trying to demystify something that many have come to call "moon math" due to its perceived sheer indecipherable complexity. zk-SNARKs are indeed quite challenging to grasp, especially due to the sheer number of moving parts that need to come together for the whole thing to work, but if we break the technology down piece by piece then

Will ‘moon-magic’ power Ethereum’s flight past $4.5k in the days to come

Less than two weeks back, the global crypto market had crossed the $3 trillion mark in capitalization. Owing to the recent ruckus, the aforementioned level, however, couldn’t sustain for long. After noting a 6% dip in just the past 24-hours, the market cap reflected a value of $2.47 trillion, at the time of this analysis. The highlighted downtrend has been led by large cap cryptos. Over the last seven days, all the top 10 coins have shed value in the 14%-20% bracket, with Ethereum being no exception. Financial astrology During

MANA to the moon; bull pennant presents massive breakout opportunity

Decentraland’s native token MANA took shape within a bull pennant and projected a massive surge from the pattern. Possibly buoyed by Facebook’s rebranding to “Meta,”  Ethereum-based MANA allows users to buy virtual plots of land, who then have the freedom to monetize the plots as they see fit. On the charts, MANA embarked on a near 600% upwards run to an ATH of $4.9 on October 27. Should bulls capitalize on this opportunity, MANA would set its sight at $9-mark and above. MANA 4-hour Chart Source: MANA/USD, TradingView Consecutive lower

1INCH Explodes Over 100% As Crypto Exchange Upbit Announces Listing

1INCH has exploded over 100% in price following an announcement from Korean crypto exchange Upbit that it would be launching support for the altcoin. At the time of writing, 1INCH is trading at $5.59, up 35% in the last 24 hours according to CoinMarketCap. However, at one point, 1INCH had reached as far as $8.65 after running all the way up from $4.11 for a 110% rally. 1inch is a decentralized exchange aggregator (DEX) that uses an algorithm to help users find the best possible trading prices for tokens. Rather

Institutional investors — the future of crypto is in their hands. Or is it not?

Institutional investors are believed to drive the cryptocurrency market’s adoption and growth. Their involvement promises to make crypto widely recognized and accepted as a truly global currency. Bitcoin is supposed to gradually become an alternative to gold and skyrocket to unprecedented crypto prices.  But is this really how institutional investors work? In which direction are they actually driving the crypto market — and, after all, who are they? In this article, we will bring you the latest examples of huge whales’ interest in crypto, discover the reasons for that, and

A Bitcoin Christmas Present: New All-Time High!

Bitcoin hit $24,680 in a brief leap around 12.00 UTC. At the time of this writing, BTC remains just a touch above $24,000. The BTC all-time high (ATH) made for a nice holiday greeting. Gemini Exchange co-founder and crypto bull Cameron Winklevoss tweeted his regards after the peak hit: Rollercoaster Week Just days after hitting new ATH’s, bitcoin reached a new peak on Dec. 25. While not the $25,000 present some were asking for under their tree on Christmas Day, the $24,600 handle at least probably puts that figure psychologically

Bitcoin Shoots Past $12,000 While US Dollar Hits 2-Year Low

We’ve been on dollar watch for a couple weeks now, as it loses ground against virtually every asset on the planet. In this graph, we can see that the Dollar Index chart has been declining since late-May, and has now sunk below the near-term support (yellow line) on its third attempt. The Dollar Index, however, only really shows the U.S. dollar’s place within the currency markets. In fact, the purchasing power of all fiat currencies has been falling steadily for many years, a process that has been vastly accelerated by

Bitcoin Touches $12,000 While Gold Continues Its Rally

Of the many things that happened over the weekend, perhaps the most significant was the announcement from Warren Buffett that he’s now investing in gold and gold-related assets. They say you can’t teach an old dog new tricks, and this is a huge shift in investment principals for the Oracle of Omaha. Long contending that gold is not a worthwhile asset to invest in, Warren is now very abruptly seeing the appeal. Why? … You know why. This is about money printing. The printer is working overtime, and this is

DeFi Token Serum Surges 1500% in 12 Hours After Listing

The latest DeFi token to moon is for the decentralized derivatives exchange Serum ,which surged by four figures following its launch and exchange listings.The Serum Project is a new, non-custodial DEX that launched on August 11 and its native SRM token has since surged 1500%. The Serum Project is a collaboration between centralized derivatives trading platform FTX, and Solana, a low-fee, high-speed, interoperable smart contract blockchain. Launched less than 12 hours ago at the time of writing, the token has skyrocketed from the launch price of $0.11 to more than $1.80