Tag: 10X

Ethereumโ€™s proto-danksharding to make rollups 10x cheaper โ€” Consensys zkEVM Linea head

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Zero-knowledgeย (ZK) proof solutions have proved critical in helping scale the Ethereum ecosystem, but proto-danksharding is expected to drastically reduce the cost of rollups, according to Consensysโ€™ zkEVM Linea head Nicolas Liochon. Speaking exclusively to Cointelegraph Magazine editor Andrew Fenton during Korea Blockchain Week, Liochon estimated that proto-danksharding could further reduce rollup costs by 10 times. Proto-danksharding, also known by its Ethereum Improvement Proposal (EIP) identifier EIP-4844, is aimed at reducing the cost of rollups, which typically batch transactions and data off-chain and submit computational proof to the Ethereum blockchain. The…

Binance launches Arkham token sale, launch price to be 10X higher

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied On July 17, the worldโ€™s largest crypto exchange by trading volume, Binance, announced the launch of the arkham (ARKM) token sale on its launchpad, making it the 35th project on the platform. However, ARKMโ€™s launch will be different since there will be mechanisms to โ€œprotect investors from volatility.โ€ At the same time, Binance said the launch of the ARKM will be set at $0.50 โ€” 10 times the public sale price โ€” for the first five…

IoTeX releases W3bstream’s Devnet, reducing development time and cost by 10Xย 

IoTeX has unveiled W3bstreamโ€™s Devnet, providing developers with tools and infrastructure to build Decentralized Physical Infrastructure Networks (DePIN) applications.ย  This release reduces development costs and go-to-market time, enabling developers to connect smart devices to any smart contract, benefiting users. With W3bstream, developers can create mobility, energy, sensor, artificial intelligence (AI) computing, and wireless networks, among other data-driven dapps.ย  IoTeXย is a web3 project offering services that empower developers to build social-impact DePIN dapps, rewarding users for their actions or incentivizing specific behaviors.ย  W3bstream boosts the DePIN sector, poised to reach around…

Republican crypto bill a โ€˜10x improvementโ€™ on all others: Messari CEO

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Messari CEO Ryan Selkis has praised a newly proposed Republican crypto bill, commenting it is a โ€œ10x improvementโ€ on all other crypto bills introduced to the United States Congress so far. The โ€œDigital Asset Market Structureโ€ (DAMS) bill, introduced on June 1, proposes to establish a framework to fill the gaps in the regulatory process between the U.S. Commodity Futures Trading Commission (CFTC) and Securities Exchange Commission (SEC) on activities related to crypto-assets. Speaking at a Coinbase-hosted event on Twitter Spaces on June 7, Selkis explained that U.S. Representatives Patrick…

Algorithmic stablecoin market share dropped by 10x from ATH: Report

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The notorious failure of the Terra USD (UST) stablecoin affected the crypto market, but the algorithmic stablecoins took the harshest punch. Since its peak in April 2022, the market share of algorithmic stablecoins shrank almost tenfold.ย  According to a new report from CryptoCompare, the current market share of algorithmic stablecoins stands at 1.71%, while its all-time high record in April 2022 reached 12.4% of the whole crypto market. Before its crash, Terra USD accounted for 79.8% of the algorithmic stablecoinโ€™s market share. The stablecoin market is generally suffering, with January…

SushiSwapโ€™s new DEX aggregator will โ€˜10x our market shareโ€™ โ€” Head Chef

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Just a month after warning of a โ€œsignificant deficitโ€ in its treasury, the CEO of decentralized exchange (DEX) SushiSwap has shared several planned updates to the platform, which it says is intended to โ€œ10xโ€ its market share in 2023. Sushi CEO Jared Grey laid out the plans for the decentralized finance (DeFi) platform in a Jan. 16 Medium post, saying it will focus on its product stack in line with prior plans to make Sushi more sustainable. โ€œSushi commands ~2% of the AMM market & 0% of the aggregation market.…

A Key To 10x Your Profit As A Crypto Trader

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Trading crypto in the bear market is one of the most difficult times for most traders, including advanced traders, but as the saying goes, the bear market produces the best traders, and millionaires are born. Trading without the proper skills, such as market structures of the crypto market and implementing your strategy, is akin to exposing yourself to risk, which could cost you your life, but in this case, your trading portfolio. Trading goes beyond buying and selling based on the feeling that this is the best time to buy…

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Cardano Vasil Upgrade Cuts Gas Fees by Nearly 50% and Transaction Space by 10x: ADA Decentralized Exchange

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Cardano (ADA)โ€˜s Vasil hard fork has had a dramatic impact on the networkโ€™s efficiency, according to a decentralized exchange (DEX). MuesliSwap, a DEX built for Cardano, says the upgrade has reduced transaction sizes from 14.73kB to 1.31kB, and gas fees from 1.44 ADA to 0.73 ADA.ย  Cardano creator Charles Hoskinson touts the numbers quoted by the exchange. โ€œ10x savings on space at half the cost. I call that innovation.โ€ The Vasil hard fork was designed to increase the scalability of the Cardano network. It went live on September 22nd. Explains…