Climatetrade will launch its marketplace for carbon offsetting on the Algorand blockchain.
From the minds that brought you cheese with holes in it comes this year’s weirdest ad campaign.
Despite its recent Phase 0 launch, the fully realized transition to Eth2 could still be years away from completion.
Blockfi has unveiled a credit card with bitcoin rewards in collaboration with Visa. This is “the first credit card that lets you earn bitcoin back with every purchase,” Blockfi detailed.
Visa Credit Card Offering Cash Back in Bitcoin
Crypto financial services provider Blockfi announced on Tuesday that its customers can start signing up for “The world’s first bitcoin rewards credit card” that will launch early next year in collaboration with Visa. “We’re excited to announce an innovative new product we’ve been working on for a long time: the first credit card that lets you earn bitcoin back with every purchase,” Blockfi wrote, elaborating:
For every transaction that you make on the card, 1.5% cash back will accrue and then automatically be converted to bitcoin and placed into your Blockfi account on a regular monthly cycle.
“It’s the first credit card in the crypto ecosystem,” Blockfi emphasized, adding that its partners for the project are Visa, Evolve Bank, and Deserve.
Blockfi is also offering a “signup bonus of $250 in bitcoin after spending $3,000 or more on the card within the first three months,” the announcement adds, noting that there is an annual fee of $200 for the Visa credit card.
Visa’s Head of Crypto, Cuy Sheffield, tweeted on Tuesday:
Incredibly excited to work with Blockfi to bring to market the first Visa credit card with bitcoin rewards.
Another company that is working with Visa to launch a bitcoin rewards card is Fold, which advertises its Fold Card as “the first bitcoin rewards card.” The card is currently in beta and interested users can join its waitlist. However, the Fold Card is a Visa prepaid debit card, not a credit card.
According to Blockfi, “Consumers prefer credit cards over debit cards for the numerous benefits that they offer, including better purchase protections, greater reward rates, and opportunities for building credit.”
Blockfi will start shipping its bitcoin rewards Visa credit cards in the spring of next year. The card will launch in the U.S. but the company plans to expand the offering to more countries.
Do you want a bitcoin rewards credit card? Let us know in the comments section below.
The post Visa, Blockfi Launching Credit Card With Bitcoin Rewards — Get BTC Back on All Transactions appeared first on Bitcoin News.
Bitcoin reclaimed the $19,000 level but charts suggest BTC and altcoins may consolidate for a few days before starting the next trending move.
A lot of the work is done in parallel, meaning scalability is closer than it seems.
Following the successful launch of Ethereum 2.0 Phase 0 — the first concrete step in building the next iteration of the protocol — Ethereum co-founder Vitalik Buterin published an updated roadmap of what comes next for the project.
The current development of Ethereum 2.0 is generally divided into phases. Phase 0 is the barebones Beacon Chain that enables staking but has no effect on the application layer. Phase 1 introduces sharding of data, increasing storage capabilities without directly influencing application performance. Finally, Phase 2 fully introduces transaction sharding and enables the promised thousands of transactions per second of throughput.
Buterin said in March that this roadmap template is a vision for the next five to 10 years. The updated version is more fluid and eliminates terms like “Phase 1” and “Phase 2” altogether. Defining features of each phase are now more independent from each other and incorporate work done for Ethereum 1.x.
Buterin’s roadmap encompasses all Ethereum developments to provide a detailed overview of what’s next for the platform, including approximate completion bars.
The roadmap I made back in March updated with (very rough and approximate!) progress bars showing what has been done and some of the recent tweaks to the roadmap itself.
A lot has been accomplished, but still a lot remains to be done! pic.twitter.com/4zIK4aTNTh
— vitalik.eth (@VitalikButerin) December 1, 2020
Key features of the next major milestone are the transition of Ethereum 1.0 to proof-of-stake, the introduction of Eth2 light clients on Eth1, and data sharding — all of which were previously grouped under Phases 1 and 1.5. An important change in the current roadmap is the realization that the three steps are largely independent and can be worked on in parallel.
Furthermore, enormous scalability improvements can be achieved by executing on the latter two features, as they would enable hosting rollups on a sharded data structure. Rollups are a layer-two technology that offloads computation outside of the chain but guarantees its correctness through proofs stored on-chain. Due to this, data sharding vastly increases the rollups’ room to maneuver and could enable more than 10,000 TPS as soon as light clients and data sharding are introduced.
However, progress on data sharding and light clients is still at or below 50%, according to Buterin, consistent with estimates that Phase 1 will take at least one year to build.
Progress on stateless clients and the Ethereum 1.x initiative is also at less than 50%, according to the chart. The cryptographic technology of polynomial commitments — which Buterin earlier said is the key to practical stateless clients — is also far from being complete. Similarly, work toward many other advanced types of cryptographic technology and an improved virtual machine is still in its early stages.
After publishing the roadmap, Buterin urged to quickly implement EIP-1559, a proposal to burn the majority of the transaction fees collected by the protocol instead of offering them to miners.
The post Vitalik Buterin outlines next steps for Ethereum after Beacon Chain launch appeared first on BTC Ethereum Crypto Currency Blog.
Eth2 staking has its downsides — people may not have the means to contribute 32 ETH, or the technical knowhow to run a node. Can these issues be solved?
How does this ecosystem work?
There are three key roles within the Stkr ecosystem.
Providers deliver the computing resources that drive the Eth2 nodes — and they pay insurance that acts as a guarantee against poor hardware performance. These funds will be used to compensate stakers if there is an outage, but providers also stand to gain rewards if their infrastructure runs without a hitch. By building a good reputation, they are prioritized whenever new staking funds need to be allocated.
Requesters, otherwise known as stakers, are those who want to lock up their ETH without hosting a node themselves. In time, governors will be responsible for deciding the future direction of Stkr through votes and will be incentivized to work in the platform’s best interests.
Every now and again in the crypto world, trends begin to form. We’ve had the rise of ERC-20 tokens, nonfungible tokens, and DeFi too. In the coming months, attention is going to shift to Ethereum 2.0 as the launch of the world’s biggest proof-of-stake network draws closer. Platforms that allow people from all backgrounds to get involved in staking will be a crucial part of this newly formed ecosystem.
How can Eth2 staking be made more accessible for everyone?
Staking platforms are emerging that help address some of the limitations currently provided by Eth2.
These services can simplify the process of getting involved in Eth2 — and open up opportunities to those who may have a smaller amount of ETH to stake.
However, it’s important for crypto enthusiasts to do their due diligence about these staking services to ensure that their cryptocurrency will remain safe.
Platforms such as Stkr, built by Ankr, to allow anyone to stake in a validator node, with a minimum requirement of just 0.5 ETH. This is 64 times smaller than the contributions that needed to be made to the deposit contract — opening up opportunities to more people. Stkr then brings these funds together in the form of Micropools and allocates them to real-life Eth2 nodes.
Another feature of Stkr that’s likely to bring mass appeal to the world of Eth2 staking is the fact that users receive a synthetic token known as aETH in exchange for the Ether they lock up. These tokens can be used in DeFi applications — or sold at any time.
There can also be advantages for those who have greater amounts of crypto to stake. An unlimited one-click deposit limit means that high net worth users can gain exposure to the next iteration of Ethereum’s mainnet without having to operate their own nodes. Stkr also claims that this approach eliminates the risk of a stake being lost in the event that a node performs poorly.
Can anyone get involved in staking on Ethereum 2.0?
Because of the limitations set by the deposit contract… not really.
Figures from Etherscan show that there are now more than 126 million unique Ethereum addresses, and 113.6 million ETH currently in circulation. This means that, at present, it’s impossible for every single address to own one whole ETH.
Back in April, research from Adam Cochran showed that 17% of ETH was held by just 10 addresses — and the top 10,000 addresses hold about 94% of the cryptocurrency’s circulating supply. On the face of it, these statistics make it seem unlikely that your average crypto enthusiast has enough ETH lying around to start staking — and mathematically impossible that everyone who’s interested in staking will have 32 ETH.
But there are other barriers to entry that need to be tackled, too. Even those who have 32 ETH to stake may be concerned about how their assets are going to be illiquid for a prolonged period of time. Setting up and maintaining a validator node can also be a complicated business. Although someone may be interested in receiving staking rewards, they may lack the technical knowhow or time to do this themselves.
What are the downsides for participants in the beacon chain?
Right now, staking ETH is a significant, long-term commitment.
The minimum amount that someone was able to contribute into the deposit contract was 32 ETH — and at one point in November, that was worth an eye-watering $19,877.
These funds are going to be locked until the current mainnet “docks” with the beacon chain. At present, estimates suggest that this milestone may only be reached in 2022, meaning that aspiring validators may have to wait some time until they get their funds back.
One of the biggest downsides with the transition to Eth2 is how this takes a lot of commitment from the thousands of validators who have put their crypto where their mouths are. It’s a leap of faith — not least because several other key milestones related to this project have been hit behind schedule. Should further complications arise, there’s a chance that it could be years before the deposited ETH is released from the one-way contract, and its cash value may have fallen by then.
Serving as a validator also comes with responsibilities… and risks. “Slashing” means that nodes can be penalized for failing to act in the network’s best interests — as a result, there’s a real risk that staking could cause someone to lose crypto instead of earn it. Accidentally waving through an invalid transaction or falling offline can have huge consequences.
Remind me… what does Eth2 staking involve?
This is where someone deposits 32 ETH in order to become a validator in Ethereum 2.0.
The blockchain recently hit a big milestone when enough ETH was transferred into a deposit contract to trigger the launch of the new beacon chain.
Otherwise known as Phase 0 of Ethereum’s ambitious move to a proof-of-stake consensus mechanism, a staggering 524,288 ETH needed to be deposited for the launch to take place.
In 2021, shard chains are going to be deployed — allowing Ethereum to process a greater number of transactions per second. This upgrade has been desperately needed for a while, with network fees recently reaching unprecedented highs due to the popularity of DeFi.
Once the transition to PoS is complete, miners will no longer be involved in verifying transactions. Instead, validators who stake Ether will be responsible for adding blocks to the blockchain, and they’ll receive brand-new ETH as a reward. It’s hoped that this method will be far less energy intensive than proof-of-work.
PRESS RELEASE. ClinTex is all set to fulfill its promise of reducing cost and time wastage in the medical trials industry, with its CTi token available for public trading on KuCoin on Wednesday. Using the combination of blockchain, artificial intelligence and smart contracts, ClinTex is an innovative medical trial platform that will usher in an era of data sharing, analytics and management in pharmaceutical development that will revolutionize the current industry. The aim: eliminate issues that cause time and resources to be wasted and remove duplication of efforts.
Sharing is Caring
The pharmaceuticals industry is lucrative – an innovative medicine that can tackle a disease is worth billions in sales. However, the industry is littered with high barriers to entry and unfathomable lead times for products. Compounding these problems are the tough trial stages before drugs are approved for use. To offset this huge cost, the pharma industry simply passes on the cost to the public, with the sick paying huge amounts of money for their health. And in ClinTex’s view, this is unacceptable.
ClinTex is leveraging blockchain technology to herald a new age in medical trial data sharing that is secure, efficient and open. Their Clinical Trials Intelligence (CTi) platform utilizes data analytics combined with blockchain technology to address the major inefficiencies in clinical trials. Through this, the estimated $350 billion spent yearly on new medication development can be significantly reduced.
The CTi Platform will also enable better collaboration across the pharmaceutical industry. Currently, there are almost 3,000 studies ongoing that are evaluating Covid-19 treatments and vaccines, but most are working in isolation. Using blockchain technology, CTi will finally provide a way for Big Pharma, small Biotech, academia and independent researchers to collaborate and share key data, allowing for faster clinical trials and less clinical trial failures.. This will support ClinTex’s vision of facilitating the delivery of new medicines faster, safer and cheaper.
Powering the ClinTex’s mission of serving humanity is its CTi token. The firm originally had an IEO in the plans, but the immense interest by participants meant ClinTex was ready to go to market with CTi much quicker. Purchased at an incredible pace, the first round completely sold out and the second round also saw unprecedented demand. ClinTex decided not to run additional, unnecessary rounds of the sale.
CTi has been listed on KuCoin, since Monday 30th November, 2020 and started publicly trading on Wednesday 2nd December, 2020. KuCoin stands amongst the top ten crypto exchanges and its high volume of trading means the token will be in the reach of hundreds of thousands of investors and individuals who share the ClinTex dream. With over 30,000 new clinical trials registered every year, and over 250,000 clinical trials ongoing at any one time, the market potential for CTi is huge. This market opportunity, coupled with ClinTex’s innovative platform, is likely to drive significant demand for the token in the short term, with longer term sustainable token growth being driven by the roll-out of the platform in 2021.
Open, Yet Secure
ClinTex offers a seamless experience of sharing medical data, but respects intellectual property at the same time. A recent report by The Guardian revealed that state sponsored hackers are constantly attempting to hack into the servers of pharma companies engaged in COVID-19 vaccine development. This is the very reason ClinTex uses blockchain. Smart contracts assure the information is released to the only right party, leading to a trustless environment.
Combined, the ClinTex team has over 50 years of experience in the pharma industry, with vast connections in the clinical trial sector. ClinTex is also all set to roll out its working platform in 2021. With the platform launched next year, the true power of medical trials and blockchain will be unleashed, bringing pharmacists, doctors, researchers and others under one roof, working in cohesion to make medications easier to develop and cost effective for the world. One world, one mankind, a global health benefit.
Join the medical revolution and trade CTi today on KuCoin!
Connect with ClinTex on Telegram: https://t.me/ClinTexCTi
Join ClinTex on Twitter: https://twitter.com/ClinTexCTi
Check up what ClinTex is up to on Medium: https://medium.com/@clintexcti
KuCoin is a global cryptocurrency exchange for numerous digital assets and cryptocurrencies. Launched in September 2017, KuCoin has grown into one of the most popular crypto exchanges and already has over 5 million registered users across 207 countries and regions around the world. One out of every four crypto holders in the world is with KuCoin.
Media Contact Details
Contact Name: Sean Flanagan
Contact Email: email@example.com
ClinTex is the source of this content. This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections.
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The benefits of utility tokens could soon stretch beyond payment facilitation and governance capabilities.