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The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n
\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

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Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

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\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

Most Read

Subscribe To Our Newsletter

By subscribing, you agree with our privacy and terms.

Follow The Distributed

Twitter Instagram Youtube LinkedIn Facebook RSS
ADVERTISEMENT
\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

1 … 29 30 31 32 33 … 41

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\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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By subscribing, you agree with our privacy and terms.

Follow The Distributed

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ADVERTISEMENT
\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n
\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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\n

The United Kingdom government has announced its plans<\/a> to recognize stablecoins<\/a> as a \"valid form of payment as part of wider plans to make Britain a global hub for crypto-asset technology and investment.\"<\/p>\n\n\n\n

The treasury believes that regulating stablecoins would ensure that they could be used safely by the public while giving the public the confidence to use digital currencies.<\/p>\n\n\n\n

Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be \u2018redeemed\u2019 when they decide to. With appropriate regulation, they could provide a more efficient means of payment and widen consumer choice believes Chancellor of the Exchequer, Rishi Sunak.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/RishiSunak\/status\/1510988474215772162?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Etweet\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the release of the 'Royal Mint NFT<\/a>'.<\/p>\n\n\n\n

The UK will proactively explore the potentially transformative benefits of Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

It\u2019s my ambition to make the UK a global hub for cryptoasset technology, and the measures we\u2019ve outlined today will help to ensure firms can invest, innovate and scale up in this country.<\/em><\/p>Rishi Sunak, Chancellor of the Exchequer
<\/a><\/cite><\/blockquote>\n","post_title":"UK Government Adopts Stablecoins As Legal Tender","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-adopts-stablecoins-as-legal-tender","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/uk-government-plans-the-royal-mint-nft\/","post_modified":"2023-04-11 12:48:35","post_modified_gmt":"2023-04-11 02:48:35","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4234","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4202,"post_author":"1","post_date":"2022-04-05 21:00:49","post_date_gmt":"2022-04-05 11:00:49","post_content":"\n

The United Kingdom government has announced plans to release a non-fungible token (NFT<\/a>) project dubbed the 'Royal Mint NFT'. This announcement correlates with their plan for a \"forward-looking approach\" towards crypto assets in the UK.<\/p>\n\n\n\n

Chancellor of the Exchequer (national treasury) Rishi Sunak has asked the U.K's Royal Mint to produce an NFT in the following months prior to summer.<\/p>\n\n\n\n

Economic Secretary to the Treasury John Glen stated<\/a> in a keynote speech the Royal Mint NFT collection will be \"an emblem of the forward-looking approach we are determined to take\"<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/hmtreasury\/status\/1510971092072079360?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1510971092072079360%7Ctwgr%5E%7Ctwcon%5Es1_c10&ref_url=https%3A%2F%2Fwww.thedistributed.co%2Fwp-admin%2Fpost.php%3Fpost%3D4202action%3Dedit\n<\/div><\/figure>\n\n\n\n

This announcement is part of a series of measures to make the U.K. a global hub for crypto-asset technology and investment, this includes the adoption of <\/a>stablecoins<\/a> by the UK government<\/a>. The UK will proactively explore the potentially transformative benefits of\u00a0Distributed Ledger Technology (DLT)<\/a> in UK financial markets, which enables data to be synchronized and shared in a decentralized way to potentially achieve greater efficiency, transparency, and resilience.<\/p>\n\n\n\n

\"We think that by making this country a hospitable place for crypto we can attract investment, generate swathes of new jobs, and create a wave of ground-breaking new products and services. We\u2019re on the cusp of something important. We have the opportunity to shape and lead it. And that is what we\u2019ll do.<\/em>\"<\/p>John Glen, Economic Secretary to the Treasury<\/cite><\/blockquote>\n\n\n\n

<\/p>\n","post_title":"UK Government Plans The 'Royal Mint NFT'","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"uk-government-plans-the-royal-mint-nft","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/distributed-ledger-technology\/","post_modified":"2022-04-24 23:19:34","post_modified_gmt":"2022-04-24 13:19:34","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4202","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4219,"post_author":"1","post_date":"2022-04-04 21:02:53","post_date_gmt":"2022-04-04 11:02:53","post_content":"\n

Crypto exchange Blockchain.com<\/a> is one of the most valuable crypto<\/a> companies after a funding round values it at around $14 billion. <\/p>\n\n\n\n

According to a report from Bloomberg<\/a>, Blockchain.com had a funding round led by Lightspeed Venture Partners with major participation from\u00a0Baillie Gifford & Co.<\/p>\n\n\n\n

In March of 2022, Blockchain raised around $300 million valuing the company at around $5.2 billion. This concludes that within the last year Blockchain.com has grown its value by over 260%.<\/p>\n\n\n\n

Blockchain.com currently has over 37 million users from 200+ countries. There have been over 82 million wallets created through the site, these wallets have transacted in total over $1 trillion states<\/a> the site. Blockchain stated in 2021 that it would be moving its headquarters to Miami from New York. <\/p>\n\n\n\n

Will this move assist in the fast growth of the company?<\/p>\n","post_title":"Blockchain.com Valued At $14B After Funding Round","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"blockchain-com-valued-at-14b-after-funding-round","to_ping":"","pinged":"","post_modified":"2022-04-04 21:02:56","post_modified_gmt":"2022-04-04 11:02:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4219","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4215,"post_author":"1","post_date":"2022-04-03 21:54:05","post_date_gmt":"2022-04-03 11:54:05","post_content":"\n

The 19th Million Bitcoin ($BTC<\/a>) has been mined.<\/p>\n\n\n\n

There is 19 million Bitcoin in circulation, with only 2 million Bitcoin yet to be mined until around the year 2140.\u00a0<\/p>\n\n\n\n

The 2 millionth block (Block 730002<\/a>) was mined<\/a> by SBI Crypto. The rewards earned by SBI Crypto were 6.32 BTC, equalling roughly $293,000.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/APompliano\/status\/1509930836417826817?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509930836417826817%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fjust-2-million-bitcoin-left-bitcoin-hits-the-19-million-milestone\n<\/div><\/figure>\n\n\n\n

Currently, each block that is mined rewards 6.25 BTC, the next halving where this number is cut in half is scheduled for 2024.<\/p>\n\n\n\n

This number of 19 million BTC being mined, shows the scarcity of the cryptocurrency. It highlights that it will get harder and harder to purchase coins as time goes on as adoption<\/a> rates rise and coins being mined into circulation shrink.<\/p>\n\n\n\n

Number of Bitcoins in circulation worldwide from October 2009 to March 24, 2022
<\/h2>\n\n\n\n
\"\"
Source: statista.com<\/a><\/figcaption><\/figure>\n","post_title":"19th Million Bitcoin Has Been Mined","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"19th-million-bitcoin-has-been-mined","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/","post_modified":"2023-04-30 21:37:29","post_modified_gmt":"2023-04-30 11:37:29","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4215","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4207,"post_author":"1","post_date":"2022-04-01 23:14:11","post_date_gmt":"2022-04-01 12:14:11","post_content":"\n

Transparent backing of stablecoins<\/a> may be the new standard.<\/p>\n\n\n\n

U.S. Lawmakers Rep. Trey Hollingsworth (R-IN) in the House and Sen. Bill Hagerty (R-TN) in the Upper Chamber introduced a bill in the House and Senate aimed at increasing transparency within the stablecoin market. <\/p>\n\n\n\n

The 'Stablecoin Transparency Act' would set the standards for the \"quality of assets held in reserves\" by requiring stablecoins to be fully backed by a combination of U.S. dollars and \"government securities with maturities less than 12 months\". Stablecoins are cryptocurrency tokens pegged 1:1 with fiat, typically USD. The idea goes that for every stablecoin there is an equal bill in circulation that can be 'redeemed' when they decide to.<\/p>\n\n\n\n

Stablecoin issuers will also be compelled under the new act to publish audited reports regularly to demonstrate their reserves. This will have a significant impact on stablecoin issuers such as Circle ($USDC<\/a>) and Tether ($USDT<\/a>), whose treasury backing the coin has been speculated against for years.<\/p>\n\n\n\n

Sen. Hagerty persists that the act won't put power into the \"unaccountable bureaucrats who threaten to choke off innovation\", rather it is aimed at consumer protection.<\/p>\n\n\n\n

From whether coins are securities or commodities, to who is in charge of regulating them, those in the cryptocurrency marketplace are navigating significant ambiguity<\/em>.<\/p>Sen. Bill Hagerty<\/cite><\/blockquote>\n","post_title":"'Stablecoin Transparency Act' Could Require Stablecoins To Be Backed By Dollars","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"stablecoin-transparency-act-could-require-stablecoins-to-be-backed-by-dollars","to_ping":"","pinged":"","post_modified":"2023-04-11 12:48:56","post_modified_gmt":"2023-04-11 02:48:56","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4207","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4194,"post_author":"1","post_date":"2022-03-31 22:31:49","post_date_gmt":"2022-03-31 11:31:49","post_content":"\n

Last year Mcdonald's was the first fast-food chain to join the metaverse<\/a>. Following in its footsteps KFC, Taco Bell, and Pizza Hut have decided to explore the metaverse.<\/p>\n\n\n\n

Owners of KFC, Taco Bell, and Pizza Hut 'Yum! Brands<\/a>' have submitted multiple trademarks for NFTs and metaverse products and services including; virtual foods and drinks, virtual goods and NFTs, and NFT backed media.<\/p>\n\n\n\n

Mike Kondoudis, a trademark lawyer tweeted that various applications were filed with the United States Patent and Trademark Office on the 25th of March 2022. <\/p>\n\n\n\n

Clearly, Yum! Brands sees the potential of the Metaverse and is preparing its trademarks and brands for the virtual economy that will dominate it<\/em><\/p>Mike Kondoudis, From A Recent Press Release<\/a><\/cite><\/blockquote>\n\n\n\n

\nhttps:\/\/twitter.com\/KondoudisLaw\/status\/1509107143080824834?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1509107143080824834%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Ffinbold.com%2Ffood-industry-giants-kfc-taco-bell-and-pizza-hut-file-nfts-and-metaverse-trademarks%2F\n<\/div><\/figure>\n\n\n\n

Restaurants In The Metaverse<\/h2>\n\n\n\n

These trademark filings \"follow the trend by other participants in the restaurant sector like McDonald's, Burger King, Panera Bread, and Panda Express to begin preparations to participate in the Metaverse\" says Kondoudis.<\/p>\n\n\n\n

According to a press release<\/a>, Inspire Brands Inc. the owners of Arby's, Baskin Robbins, Buffalo Wild Wings, Jimmy Johns, and Sonic brands have filed several new trademark applications in the last few days.<\/p>\n\n\n\n

We expect the number of trademark filings for NFTs and virtual products and services from the restaurant and food\/beverage sectors to increase over the next twelve months as companies come to appreciate the need for brand protection in the Metaverse.<\/p>Mike Kondoudis, Press Release<\/cite><\/blockquote>\n","post_title":"KFC, Taco Bell, And Pizza Hut Joining The Metaverse With New Trademarks","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"kfc-taco-bell-and-pizza-hut-joining-the-metaverse-with-new-trademarks","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/10-trademarks-filed-by-mcdonalds-for-the-metaverse\/","post_modified":"2023-04-11 12:49:42","post_modified_gmt":"2023-04-11 02:49:42","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4194","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4175,"post_author":"1","post_date":"2022-03-31 20:54:40","post_date_gmt":"2022-03-31 09:54:40","post_content":"\n

OpenSea<\/a> has confirmed that they will be adding support for Solana ($SOL<\/a>) NFTs in April this year.<\/p>\n\n\n\n

OpenSea is the leading NFT marketplace. To date, OpenSea has sold<\/a> over US$23.5B in NFTs to over 1.4 million traders.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/opensea\/status\/1508851483449585670?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1508851483449585670%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fnews.bitcoin.com%2Fleading-nft-marketplace-opensea-to-add-solana-support-in-april%2F\n<\/div><\/figure>\n\n\n\n

The announcement made through Twitter dubbed \"the best kept secret in web3\" shows a bunch of users who are keen on the integration with the Solana Blockchain.<\/p>\n\n\n\n

Once the integration is completed in April, Solana will join Ethereum ($ETH<\/a>), Polygon ($MATIC<\/a>), and Klaytn ($KLAY<\/a>) as the fourth edition to the NFT marketplace.<\/p>\n\n\n\n

This news isn't new to some though. <\/p>\n\n\n\n

Tech blogger Jane Wong had tweeted \"OpenSea is working on Solana integration, as well as Phantom wallet<\/a> support\". Phantom wallet is a popular Solana-based wallet capable of storing cryptocurrencies as well as NFTs, making it a prime choice for the primary wallet to use with OpenSea.<\/p>\n\n\n\n

\nhttps:\/\/twitter.com\/wongmjane\/status\/1486077324630302721\n<\/div><\/figure>\n\n\n\n

Solana is a Layer 1<\/a> blockchain, like Ethereum. Although, Solana uses Proof-of-History<\/a> as its consensus mechanism compared to Ethereum's Proof-of-Work. This allows Solana to have a throughput of 60,000 transactions per second, compared to Ethereum's current 15 transactions per second. This would make Solana a cheaper network to use, with much lower gas fees<\/a> compared with a blockchain like Ethereum.<\/p>\n\n\n\n

Solana is up 11.23% today at a price of $124.14, with a 24-hour trading volume of $3,860,298,289 USD.<\/p>\n\n\n\n

\"Solana
Solana Price Data on 31st March - Source: CoinMarketCap<\/figcaption><\/figure>\n","post_title":"OpenSea To Support Solana NFTs","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"opensea-to-support-solana-nfts","to_ping":"","pinged":"\nhttps:\/\/www.thedistributed.co\/blockchain-essentials-application-layer-protocols\/","post_modified":"2023-04-11 12:49:54","post_modified_gmt":"2023-04-11 02:49:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4175","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4157,"post_author":"1","post_date":"2022-03-29 21:02:08","post_date_gmt":"2022-03-29 10:02:08","post_content":"\n

Binance U.S. CEO Brian Shroder believes Binance U.S. is on track for an initial public offering (IPO) within the next 2 to 3 years. To add, funding of around a \"couple hundred million dollars\" is to be announced in April, according to reports from Binance founder Changpeng Zhao (CZ) in November last year.<\/p>\n\n\n\n

In Q4 of 2021, Binance U.S. saw higher profits compared to the entirety of Uber since its inception in 2009, said Shroder.<\/p>\n\n\n\n

According to reports, Binance U.S. will have a license in every region of the United States by the end of 2022. Currently, Binance is seeking licenses in; Hawaii, New York, Texas, Idaho, and Vermont. Once these licenses are approved Binance U.S. will officially be entitled to the right to operate with the exchange of cryptocurrencies.<\/p>\n\n\n\n

Fellow exchange Coinbase saw its IPO launch<\/a> in April of 2021, with its market cap exceeding $100 billion after its debut, although it fell to $62 billion at the close. Since its launch, the stock is down -41.11%. Despite this fact Q2 of 2021 they had 56 million users, in Q4 of 2021 they had 89 million, according to Statista<\/a>.<\/p>\n\n\n\n

Can we see Binance following in the footsteps of Coinbase in the coming years?<\/p>\n","post_title":"Binance U.S. On Route For An IPO","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"binance-u-s-on-route-for-an-ipo","to_ping":"","pinged":"","post_modified":"2022-05-28 18:10:45","post_modified_gmt":"2022-05-28 08:10:45","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4157","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4119,"post_author":"1","post_date":"2022-03-28 20:47:35","post_date_gmt":"2022-03-28 09:47:35","post_content":"\n

What Is A Consensus Mechanism?<\/h2>\n\n\n\n

Consensus is when a general agreement is reached. In reference to blockchains, consensus mechanisms are fault-tolerant systems utilized to reach an agreement on a single state of data within the network among distributed nodes<\/a>. ((Shubhani Aggarwal and Neeraj Kumar - Advances In Computers (Vol 121), Chapter 11 - Cryptographic Consensus Mechanisms<\/a>)) <\/p>\n\n\n\n

Such technologies like cryptocurrencies use this mechanism to assist in record-keeping on a distributed ledger<\/a> because it allows nodes to work together and stay secure. The consensus mechanism acts as the rule book, deciding how legitimate certain contributions are on the blockchain-based on the mechanism being used.<\/p>\n\n\n\n

The consensus is reached when at least 51% of the nodes on the network agree on the next global state of the network.<\/p>\n\n\n\n

Types Of Consensus Mechanisms<\/h2>\n\n\n\n

Consensus mechanisms come in many different forms. Each mechanism will allow for a decentralized system to achieve agreement with adequate trust and security.<\/p>\n\n\n\n

Proof-of-Work (PoW)<\/h3>\n\n\n\n

In Proof-of-Work consensus, transactions are validated through a process called cryptocurrency mining<\/a>. Cryptocurrency mining will reward miners for validating a block in the native token of the blockchain, adding to the circulation of tokens.<\/p>\n\n\n\n

Proof-of-Stake (PoS)<\/h3>\n\n\n\n

In Proof-of-Stake<\/a> consensus, tokens are allocated the responsibility of maintaining the public ledger. Therefore, owners of tokens will sometimes become validators and will be rewarded for simply holding their coins. Like PoW, the rewards are the native token of the blockchain and are how new tokens are entered into circulation.<\/p>\n\n\n\n

Proof-of-Capacity (PoC)<\/h3>\n\n\n\n

Proof-of-Capacity shares the memory space of the nodes on the network. The more memory a node offers, the more rights it has to maintain the public ledger's data.<\/p>\n\n\n\n

Proof-of-Activity (PoA)<\/h3>\n\n\n\n

Proof-of-Activity is a hybrid consensus of PoW and PoS. Mining begins with PoW, once the block is found it switches to the PoS consensus and a random participant is selected to validate the block.<\/p>\n\n\n\n

Proof-of-Authority (PoA)<\/h3>\n\n\n\n

In Proof-of-Stake consensus nodes stake monetary value whereas Proof-of-Authority consensus stakes the actual identities of the nodes in the system. Through identifying validators, PoA consensus becomes fundamentally centralized and is best suited for private blockchains such as a group of banks.<\/p>\n\n\n\n

Proof-of-Burn (PoB)<\/h3>\n\n\n\n

In Proof-of-Burn, transactors send small amounts of cryptocurrency to inaccessible wallet addresses, to \"burn\" them from the circulating supply. This slowly decreases the supply, making each token still in circulation more valuable as time goes on.<\/p>\n","post_title":"Consensus Mechanisms","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"consensus-mechanisms","to_ping":"","pinged":"https:\/\/www.thedistributed.co\/distributed-ledger-technology\/\nhttps:\/\/www.thedistributed.co\/cryptocurrency-mining\/\nhttps:\/\/www.thedistributed.co\/proof-of-stake\/","post_modified":"2022-08-01 20:23:54","post_modified_gmt":"2022-08-01 10:23:54","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4119","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"},{"ID":4132,"post_author":"1","post_date":"2022-03-28 16:56:18","post_date_gmt":"2022-03-28 05:56:18","post_content":"\n

Cryptocurrency exchange KuCoin<\/a> has released a report<\/a> titled 'Into the Cryptoverse 2022' and found that almost half of Germans are motivated to invest in cryptocurrencies.<\/p>\n\n\n\n

Adoption Of Cryptocurrencies In Germany<\/h2>\n\n\n\n

The\u00a0report found that 44% of Germans are motivated to invest in cryptocurrencies to \"be a part of the future of finance\" and hope to become financially independent with the help of cryptocurrencies to improve their family's living conditions.<\/p>\n\n\n\n

30% consider crypto as a reliable store of value whereas 35% of them would do it for the opportunity to earn a passive income. To add, 16% of the country\u2019s population (18 - 60 yrs old) have already invested in crypto or have been trading it within the past six months. Out of those expressing their interests, 77% of the 'crypto-curious' are researching potential assets to invest in and 31% of the same group plans to start lending their cryptocurrencies through staking.<\/p>\n\n\n\n

The report also found that \"69% of crypto investors are men, while women account for 53% of the crypto-curious.\" This shows the growing interest in cryptocurrencies in German females. BlockFi found<\/a> that in the U.S.A. almost a third of women were planning to invest in crypto by the end of the year.<\/p>\n\n\n\n

Profile of Crypto Investors & Crypto-Curious<\/h3>\n\n\n\n
\"\"
Source: KuCoin's Into the Cryptoverse Report<\/a><\/figcaption><\/figure>\n\n\n\n

Crypto Regulation In Germany Is A Work In Progress<\/h2>\n\n\n\n

CEO of KuCoin Johnny Lyu belives the report clearly highlights the growing demand for cryptocurrencies within Germany. <\/p>\n\n\n\n

The German government were the first one to recognize Bitcoins as a \u201cunit of value and could be classified as a financial instrument,\u201d although they have had only \u201csome success in regulating crypto,\u201d states Lyu.  <\/p>\n\n\n\n

The official report reads that it is \"easy for individuals to invest in cryptocurrency\" in Germany and crypto gains are tax exempt if they've been held for over a year.<\/p>\n\n\n\n

\u201cCryptocurrencies are very popular among the supporters of the accumulation strategy, especially among the younger generation. They prefer to save for retirement on their own and diversify their savings through the use of cryptocurrencies.\u201d<\/em><\/p>Into the Cryptoverse Report<\/cite><\/blockquote>\n","post_title":"Crypto Adoption Rates Rising In Germany: Report","post_excerpt":"","post_status":"publish","comment_status":"closed","ping_status":"open","post_password":"","post_name":"crypto-adoption-rates-rising-in-germany-report","to_ping":"","pinged":"","post_modified":"2023-04-11 12:50:14","post_modified_gmt":"2023-04-11 02:50:14","post_content_filtered":"","post_parent":0,"guid":"https:\/\/www.thedistributed.co\/?p=4132","menu_order":0,"post_type":"post","post_mime_type":"","comment_count":"0","filter":"raw"}],"next":false,"total_page":false},"paged":1,"class":"jblog_block_13"};

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