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DigiToads (TOADS) Redefines The Memecoin Game, Outpacing Dogecoin (DOGE) In Popularity

June 6, 2023 by Akash Anand

The cryptocurrency market has witnessed a surge in meme-inspired digital assets, with Dogecoin (DOGE) gaining widespread popularity. However, the emergence of DigiToads (TOADS) has posed a challenge to the dominance of DOGE in the meme coin space. Through its unique and lucrative investment opportunities, TOADS has captured the attention of many crypto enthusiasts. Owing to its application in real-time, many crypto investors believe in the possibility of TOADS rising above DOGE.

While Dogecoin started as a joke with little or no practical use, DigiToads is an innovative project with advanced utility. Building on the success of Dogecoin, DigiToads aimed to offer a fresh take on the meme coin concept, blending it with unique features to create a distinct identity. While currently on presale, TOADS stands among the best cryptos worth investing in for huge gains in the meme coin space.

Let’s discover how DigiToads is redefining the meme coin game and gaining popularity over Dogecoin.

DigiToads (TOADS) Sets To Lead The Memecoins

DigiToads is a community-driven meme token powered by the ERC20 Ethereum blockchain to provide everyone with efficient and seamless investment opportunities. With its innovative strategy, DigiToads adopts some unique Web3 features to attract investors. DigiToads is built to ensure that users are entertained while earning a substantial income.

By purchasing the ERC20 TOADS token, users can access various investment opportunities, such as the DigiToads play-to-earn (P2E) game, the TOADS trading competition, and the DigiToads staking pool. The DigiToads P2E game is an exciting and lucrative adventure that sets every player in motion. The DigiToads web3 gaming ecosystem allows you to collect, train, and battle the DigiToads. Within a one-month battling period, players are expected to make it to the top 25% of the leaderboard to earn TOADS rewards.

The TOADS trading competition is enticing as crypto traders compete for Platinum TOADS Treasury. With 12 Platinum TOADS to be won by a single trader, winners of each TOADS Treasury are rewarded with 10% of profits made from the Treasury. This is a substantial money-making process as TOADS’ price seeks to grow with increasing trading volume. TOADS holders can also join the DigiToads NFT staking pool. This allows investors to stake in their NFTs for a while in exchange for TOADS rewards. With the list of 3500 DigiToads NFTs minted, investors can select the best NFTs to buy.

As a DeFi project, DigiToads has implemented a community governance model, allowing token holders to participate in decision-making processes. Through voting mechanisms, TOADS holders can propose and shape the project’s future direction, ensuring a democratic and inclusive approach to its development. With its 100% audit satisfactory proof by Consult, DigiToads is already making waves and redefining the meme coin game.

>> Buy DigiToads Now <<

Dogecoin (DOGE) Seeks For More Attention To Rise Above The $1 Mark.

Dogecoin is a DeFi project launched in December 2013 as the first meme token. Although Dogecoin has no real-world application, it rose above expectations with solid community support. The popularity of Dogecoin began after a tweet from Elon Musk expressing his support for DOGE. While the hype surrounding Dogecoin has echoed globally, the meme coin has yet to exceed the $1 mark.

Although one of the goals of Dogecoin this year is to scale above the $1 mark, its less-utility function could be a setback as coins in this era rise based on their wide adoption. Nevertheless, DOGE’s community size still proves that its holders hope to see something good from Dogecoin.

Final Thoughts

Despite the growth in popularity of Dogecoin in the crypto space, it had some hard times limiting its price increment. While that might challenge investors, DigiToads emerges as a game changer by providing every crypto enthusiast with equal investment opportunities in an innovative and exciting project. With the growing interest in NFT investment, DigiToads’ NFTs are among the best NFTs to buy as they help investors earn more residual income.

With the increasing popularity of DigiToads’ presale, over $4.5 million in funds have been raised. Investors participating in the early sales of TOADS tokens can earn enormous returns while selling at $0.036 per token. According to savvy investors’ analysis, TOADS will be among the best cryptos to skyrocket your portfolio this year.

For more information on DigiToads visit the website, join the presale or join the community for regular updates

Keywords: DigiToads, TOADS, Dogecoin, DOGE, best NFTs to buy, DeFi project, best crypto, ERC20

Unraveling Ethereum’s Ecosystem: DeFi, GameFi, & Staking Battle For Dominance

June 4, 2023 by Ammar Raza

The emerging sectors of DeFi, GameFi, and Staking within the Ethereum ecosystem are gaining traction and contributing to the growth of Ethereum as a whole.

However, their representation within the broader Ethereum landscape is still relatively modest. DeFi currently makes up only 3.04% of Ethereum’s size, while GameFi and LSD tokens account for just 1.2% and 1.6%, respectively.

The emerging #Ethereum sectors of DeFi, GameFi, and Staking are gaining momentum, contributing to the value growth of both the sectors themselves and Ethereum as a whole.

Nevertheless, their current representation within the broader Ethereum ecosystem remains relatively modest.… pic.twitter.com/QqAFduW3pp
— glassnode (@glassnode) June 3, 2023

According to a recent repo by Glassnode, DeFi on Ethereum is a centerpiece of the ecosystem, attracting tokens, stablecoins, and NFTs. Despite this, DeFi tokens have been experiencing a prolonged bearish trend. The report delves into the possible reasons behind this trend.

The report highlights the flexibility of the Ethereum application layer as a foundation for innovation and software development.

As new concepts and ideas emerge, they generate hype, excitement, and innovation but also attract malicious activities. This innovation ultimately drives long-term adoption and brings in new capital and talent to the ecosystem.

By analyzing gas usage across different activity types, the report identifies four major narratives that have shaped the Ethereum ecosystem to date: ICOs, DeFi, NFTs, and now the emergence of GameFi and Staking. Each narrative has its peak usage period, followed by a decline toward a baseline level of consumption.

The report specifically focuses on the DeFi sector, examining the price performance of the top eight DeFi tokens by market cap. It acknowledges that many argue DeFi tokens do not reflect the true value of their underlying projects.

However, the report suggests that the market performance of these tokens collectively serves as a gauge of investor interest in the DeFi sector as a whole.

The analysis reveals that DeFi tokens reached peak popularity with investors around May 2021 but have since declined significantly. It also observes a correlation between the valuation of DeFi tokens and the total value locked in DeFi protocols.

The Relationship Between DeFi Tokens & Ethereum

Comparing the performance of DeFi tokens with Ethereum, the report shows that DeFi tokens underperformed ETH during the bull market and experienced a greater decline during the bear market.

The report further explores the relationship between DeFi tokens and ETH, considering the new hurdle rate set by the introduction of ETH staking. It suggests that the lackluster performance of DeFi tokens in recent years may be due to the emergence of native ETH staking yield.

Looking ahead, the report discusses the need for DAOs and token holders to redirect value and revenue streams to create stakeholder value. It highlights proposals from MakerDAO and Uniswap as examples of efforts to address the disparity in performance and generate value for stakeholders.

Nevertheless, the report signals a shift in focus for DeFi protocols towards generating value for stakeholders and driving demand for DeFi tokens.

However, the new hurdle rate set by ETH staking poses a challenge for the sector. The battle to reignite interest in DeFi tokens is underway, and it remains to be seen how successful these efforts will be.

Pro Tips to Keep You on the Winning Streak When Playing Casino Games

June 2, 2023 by Akash Anand

Gambling in casinos can be a thrilling and potentially lucrative pastime. But, players can easily lose money because the odds are always stacked in favour of the house. That’s why you must adopt smart rules and strategies to increase your chances of winning. This article details the strategies popular casino stars use to maintain their winning streaks when playing online casino offerings.

Select a Good Gambling Platform

Selecting a good gambling platform is crucial to keep your winning streak alive while playing casino titles. There is no shortage of casino sites, so finding one that lives up to your expectations regarding safety, security, ease of use, and a fair gambling experience may take some time. However, with some research, you can try the best Canadian online casinos and find an online casino in Canada that ticks all the right boxes.

When selecting an online casino, you need to consider licensing and security. A good and legitimate casino will hold a valid licence from reputable authorities, such as the UK Gambling Commission, Malta Gaming Authority, or the Curaçao eGaming Authority. This ensures the casino complies with strict regulations, including fairness, player protection, and responsible gambling.

Choose Games With the Best Odds and Low House Edge

The odds and house edges of various games vary widely. The percentage by which the casino is favoured over the players is known as “the house edge.” If the house edge for a game is 3%, then the casino will keep 3% of all money wagered on that game on average. Conversely, “odds” refer to the likelihood or probability of a specific outcome occurring in a game. The better the odds, the more likely you will succeed. Here are the games you should select while playing to increase your winning chances:

Games With the Best Odds

Some games consistently have better odds than others. Blackjack, for instance, has a house edge of about 0.5% and nearly 50/50 odds of winning if you use the basic strategy. Craps is another casino game with a relatively low house edge and good odds, especially if you bet on the pass or don’t pass the line. Other games with good odds include baccarat, video poker, and roulette variations.

Games With a Low House Edge

Despite the common belief that games with the best odds also have the lowest house edge, this is not always the case. For example, some variations of roulette, such as European or French roulette, have a lower house edge than American roulette due to the lack of a double-zero pocket. Similarly, some bets in craps have a low house edge, making it one of the recommended options.

Understand the Strategies and Rules of the Game

You should only jump into playing online casino titles after you’ve taken the time to familiarise yourself with the strategies. Failure to do this could lead to costly mistakes and a quick end to your real money gaming adventure.

Learn about the different betting options, payouts, and any special features the game may offer. You can find a wealth of information online about winning strategies for various games. Also, you can read books, consult online resources, or enroll in seminars and workshops to expand your horizons.

In addition, you should study winning techniques specific to the game you enjoy. In blackjack, for instance, knowing whether to hit or stand in response to the dealer’s upcard can significantly influence a player’s chances of winning. Similarly, understanding the different betting options and their odds in roulette can help you make smarter bets.

Stay Loyal to Your Bankroll

Online gambling necessitates a financial investment. However, keeping tabs on your funds can reduce losses and increase your chances of winning. You should determine how much money you can afford to spend on gambling before you start playing. The gambling excitement can be intoxicating, making it difficult to stop playing. But going that route could end up costing you a lot of money. You don’t want to be in a financial crisis after gambling online. So, plan and stick to your financial limits.

Take Advantage of Bonuses and Promotions

Bonuses are generous rewards given to gamblers at casinos. How would you feel if you were issued a free sum of money that you could use to play casino titles? Enjoying casino offerings while saving money and increasing your odds of winning are all possible thanks to bonuses. You might win a lot of money at the casino if you play smart and use the incentives strategically. There is a wide variety of bonuses offered to customers by casinos. Here are the important ones you can get:

Welcome Bonuses

Welcome bonuses are the most common offer at several Canadian casinos. They are always offered to new players upon registration on a casino website. Some online casinos will give you a bonus on your first three or four deposits.

No Deposit Bonus

This is one of the best casino bonuses because it does not require an initial deposit. It is risk-free, and the reward ensures you can play casino titles without spending a dime. Also, you can win real money if you’re lucky.

Terms and Conditions of Casino Bonuses

Undoubtedly, casino bonuses can help you to manage your funds, win real cash, and play online slots and several other games with minimal deposits. However, these promotional offers come with terms and conditions, and you must understand them before leveraging these rewards. The table below shows the description of some bonus terms:

Terms and conditions	Description
Wagering requirements	This is the number of times you have to wager before cashing out the winnings from a bonus. You can’t get your winnings out of a casino if you don’t fulfill the requirement.
Games restriction	Some bonuses may be restricted to just certain titles like slot games. This implies that you cannot use them to play other games.
Minimum deposit	Some casinos may require you to deposit a certain amount before claiming a bonus or withdrawing your winnings.
Maximum withdrawal	You may not be allowed to withdraw more than a certain amount when playing with a casino bonus.

Gambling Problem

The online gambling industry offers several entertainment and reward options to individuals. While the thrill and excitement of gambling can make for a great pastime, players must understand that excessive gambling can lead to a major problem: addiction.

Fortunately, Canadian players can get resources from the Responsible Gambling Council to prevent and manage addiction. In addition, gamblers can consider the following tips to protect themselves against addiction:

Set limits and recognize when gambling is becoming a problem.
Set a budget for gambling and stick to it.
Take regular breaks from gambling to avoid developing a dependence.
Avoid taking alcohol while playing.
Don’t chase losses.
Be satisfied with small winnings.

Conclusion

Gambling at a casino is exciting and offers the potential for major financial rewards. However, if you want to win consistently at online gaming, it helps to know which games offer the best odds. Also, you should learn the strategies of the games before you start playing.

Again, it is essential to say that since gambling involves chance, you may not always win. As a result, you should not spend a vast amount of money while playing. This article has covered some tips that can help you win at casino titles, and we hope they help you to keep winning!

FAQs

Is it possible to consistently win in casino games?

While there is no foolproof method to win at casinos consistently, the strategies and expert tips in this article can help you increase your odds of winning and better manage your bankroll.

How can I avoid losing all my money when playing at a casino?

To avoid losing all your money, it’s essential to set a budget and stick to it. Also, you should not participate in impulsive betting and choose games with a low house edge. Additionally, you should know when to quit and not chase losses by increasing your bets.

Can I trust online casinos?

Yes. Many top-rated online casinos in Canada and globally can be trusted. This doesn’t mean there are no scams and unlicensed gaming sites. It’s recommended that players research and only play at licensed, regulated, and secure online casinos.

European Union Enacts MiCA Legislation: A Game-Changer for Crypto Regulation

June 1, 2023 by Mohammad Ali

The European Union has significantly regulated crypto by formally implementing the Markets in Crypto-Assets (MiCA) legislation. After approximately three years since its introduction by the European Commission, the eagerly awaited cryptocurrency regulatory framework was officially signed into law on May 31.

The signing ceremony involved Peter Kullgren, Sweden’s minister for rural affairs, and Roberta Metsola, the President of the European Parliament. Throughout the legislative process, the MiCA framework underwent extensive deliberations among EU lawmakers, with different bill components being discussed across various bodies, ultimately culminating in its final approval in 2023.

EU news 🇪🇺

MiCA has been officially signed into law today by the European Parliament President Roberta Metsola and Swedish Rural Affairs Minister Peter Kullgren (Sweden holds the presidency of the Council of the EU atm).

Next steps:
1) Publication in the official journal of… pic.twitter.com/qY8QPnEZ9A
— Patrick Hansen (@paddi_hansen) May 31, 2023

MiCA: EU’s Comprehensive Regulatory Framework For Crypto Assets

MiCA, a comprehensive attempt by the EU to regulate services related to cryptocurrencies, fills the gaps left by existing legislation. It aims to create a harmonized framework for cryptocurrencies and associated services across the Union, fostering innovation, ensuring fair competition, and safeguarding consumer protection and market integrity.

By implementing these regulations, the EU intends to facilitate the growth and expansion of cryptocurrency service providers cross-border. The new legislation will come into force 20 days after its publication in the official journal of the EU. Specific provisions for stablecoins and other crypto-assets will gradually apply over the next year and a half.

Provisions concerning stablecoins are set to take effect in July 2024, while most other provisions will be implemented by January 2025. This phased approach allows the market time to adjust to the regulatory changes. MiCA legislation provides a license for cryptocurrency exchanges and wallet providers, enabling them to conduct operations throughout the European Union’s 27 member countries.

Additionally, stablecoin issuers will be required to hold appropriate reserves, ensuring stability and mitigating potential risks associated with these digital assets. These provisions aim to enhance transparency, security, and accountability within the crypto industry.

The introduction of MiCA follows its initial proposal by the European Commission in 2020. The legislation drew attention and controversy when lawmakers considered inserting environmentally minded provisions that could have impacted proof-of-work technology used by Bitcoin.

While the crypto industry broadly welcomes the regulation, there is anticipation regarding future laws that may cover other areas, such as staking, non-fungible tokens (NFTs), and decentralized finance (DeFi).

The enactment of MiCA heralds a new era of crypto regulation in the European Union, marking a significant milestone in shaping the global landscape of the digital asset industry. With tailored rules for the sector, the EU aims to foster innovation, protect consumers, and ensure fair competition, setting an example for other jurisdictions worldwide.

The Ripple Effect: General Counsel Calls Out SEC’s Unfair Game Of Hide & Seek

May 14, 2023 by Mishal Ali

Ripple’s General Counsel, Stuart Alderoty, has criticized the U.S. Securities and Exchange Commission (SEC) for treating the judicial process.

In a tweet, Alderoty accused the regulator of using the process as a weapon and likened its attitude towards Congressional oversight to a game of “hide and seek.” He also emphasized that this is not just a problem for the crypto industry but a “We The People” problem.

For this SEC Chair the judicial process is a weapon to be wielded and Congressional oversight is a game of hide and seek. This isn’t a crypto problem, this is a “We The People” problem.
— Stuart Alderoty (@s_alderoty) May 12, 2023

Mixed reactions To Alderoty’s Tweet On SEC’s Actions Towards Ripple Case

Alderoty’s tweet has received a mixed response from the community. While some have endorsed him and voiced their support, others have expressed doubts about the impartiality of the SEC’s actions.

One of them said how crucial financial inclusion is for the middle and lower classes that in order to create an open and successful crypto ecosystem, and there must be a “draining of the swamp.”

Another user stressed the importance of financial inclusion for the middle and lower class, stating that a “draining of the swamp” must be needed to allow for an open and thriving crypto ecosystem.

The Japanese user expressed support for Alderoty and highlighted the Japanese government’s different approach to recognizing crypto assets as non-securities.

Some criticized the SEC’s actions, with one person comparing the attitude of the Chair to that of a dictator. Additionally, concerns have been voiced regarding the fairness of legal proceedings; one user questioned how someone without vast resources could be given an equal opportunity against the SEC.

The legal dispute between Ripple Labs and the SEC has drawn the attention of crypto aficionados. In December 2020, the SEC filed a lawsuit against Ripple, accusing them of offering unregistered securities to investors through their XRP token sales, which Ripple has denied and is challenging in court.

The proceedings of the case have experienced delays, raising queries from some members of the public as to why Judge Torres has not yet rendered a verdict.

Alderoty’s evaluation of the SEC has initiated an interesting discussion among crypto industry members, demonstrating conflicting perspectives on how equitable the legal system is and the significance of financial inclusion in this sector.

Nevertheless, the result of the Ripple-SEC dispute will be highly influential for the field, and many people are intently anticipating any progressions that may arise.

Excitement Builds As Gala Games Announces Highly-Anticipated Gala V2 Airdrop

April 21, 2023 by Mohammad Ali

Gala Games, a gaming platform based on blockchain technology, has announced a significant enhancement to its native token. On May 15th, GALA v2 tokens will be airdropped to all current holders of v1 tokens, which marks the start of a new phase for the platform announced in a blog post.

All users will receive an automatic 1:1 conversion and support for the v1 token will be discontinued immediately. No action is required from users holding in their Ethereum wallet(s).

Gala Games Boosts Platform Safety With Upgraded Security Features

Current token owners can anticipate a smooth transition to the new v2 tokens. One v2 token will be given for each v1 token. The v1 tokens will become obsolete and useless as a result of this update. To improve the user experience and assure more security, Gala Games’ development team added better security features to the v2 tokens.

The v2 tokens also contain a token burn mechanism, which might be able to raise their price in the future. Gala Games is one of the leading crypto gaming projects, with a market valuation of $360 million. The gaming platform offers a wide selection of games that use native tokens as the main form of payment within the ecosystem.

The Gala Games ecosystem has been improved overall in terms of functionality and security with the introduction of the GALA v2 token. These improvements include:

Enhanced Burn Mechanisms: The ecosystem has been improved overall in terms of functionality and security with the introduction of the v2 token. These improvements include:

Security Enhancements: A better burn mechanism built into the new token enables a more dynamic and responsive token ecosystem. The token’s worth will be preserved by this feature, which will also foster a long-term environment for both gamers and developers.

Future Upgradeability: Games has upgraded to v2 and included several security features to protect the platform’s security and reliability. Users will feel more secure as a result of these improvements when they engage with the platform’s ecosystem and take part in the numerous games and activities it has to offer.

The v2 token’s inherent upgradeability is one of its most important features. As a result, Games will have the ability to continuously develop and adjust to the shifting demands of the blockchain gaming sector, ensuring that the platform stays at the cutting edge of innovation and provides the greatest experience for its customers.

GALA, What Exactly Is It?

Gala Games is one of the most significant Web3 gaming initiatives, having released titles such as The Walking Dead: Empires and Spider Tanks.

It also has a larger ecosystem, which includes the Web3 entertainment platform Gala Film. The token is used by users to purchase digital assets within the ecosystem.

The airdrop follows the announcement of Hollywood talents Danny Trejo, Mena Suvari, and Emilio Rivera as guest stars in “RZR,” a Web3 TV series produced by Gala Film.

Gala also announced, in collaboration with cryptocurrency exchange Huobi, that it will assist users affected by an event that resulted in significant losses for users in November 2022.

According to Huobi, pNetwork created over $1 billion in tokens “out of thin air” on the BNB chain and sold them on PancakeSwap, causing tokens on the BNB chain to drop 97%.

GALA 1D graph coinmarketcap — Source: Coinmarketcap.com

Polygon Set To Onboard Nexon’s New Web3 Game

March 23, 2023 by Lipika Deka

Expanding its reach, Polygon blockchain is all set to integrate a new Web3 game. But this isn’t any ordinary launch.

MapleStory Universe, a Web3 game based on the popular pixelated 2D role-playing franchise from Nexon, Korea’s largest game developer, and publisher, is to go live soon.

To support the new game, Nexon is opening a private Supernet on Polygon, the gaming giant announced at the Game Developers Conference in San Francisco.

Launched in 2003, MapleStory has been a resounding success for Nexon. The firm reported earlier this year that the game had brought in more than $4 billion in revenue so far and had more than 180 million registered users. An even greater figure of over 260 million players is listed on the game’s Steam page.

In a statement released to the media, MapleStory Universe Group Leader Hwang Sun-young said,

We are looking forward to expanding the NFT ecosystem envisioned by MapleStory Universe by building on Polygon. We will work closely with the team to develop and market the game.

Speaking on the latest development, Ryan Wyatt, President of the Polygon labs said that South Korea is “a critical market,” for Web3 gaming.

Wyatt also tweeted, Nexon joins other AAA developers like Square Enix in choosing to build on Polygon.

Previously, Square Enix, the Tokyo-based video game juggernaut behind well-known series like Final Fantasy and Kingdom Hearts, said that it will be collaborating with the Polygon network to introduce a gamified art-collecting experience.

Top Brands Swarm Around Polygon

The NFT project titled Symbiogenesis was first unveiled way back in Nov 2022. In the spring of 2023, sales of the Symbiogensis NFT collection and the free browser service are expected to begin.

Another noteworthy brand to mention is Starbucks, which just partnered with Polygon for a Web3 push, along with Meta, whose NFT is already trending on Instagram.

Other popular brands building on Polygon are Reddit, whose NFT avatars have amassed more than 3 million users, and Nike’s future digital apparel platform.

Furthermore, Immutable, a Web3 game entity, recently tapped the layer-2 blockchain as well. The two businesses declared their new strategic partnership at the Game Developer Conference this week. Both sides anticipate that it would hasten innovation and adoption in the burgeoning crypto-gaming industry.

Cardano Founder Predicts Crypto Banks Will Be “Game Changer”

March 15, 2023 by Lipika Deka

Cardano founder Charles Hoskinson shared his view on the unstable and volatile banks and how crypto ought to detach itself from these traditional legacy institutions.

In the wake of the recent failure of the banks, Hoskinson raised the need to support new decentralized alternatives.

A user proposed the requirement for a decentralized cryptocurrency bank. The founder of Cardano responded by saying it would be “game over” if it were to happen.

His remarks come after three leading crypto banks collapsed- Silvergate was liquidated, and Silicon Valley and Signature were shut down by regulators, sending investors into a panic mode.

Almost $70 billion of the value of the cryptocurrency industry was lost in only one day.

Bitcoin fell below $20,000 on 10th March, hitting a near-two-month low, caused by the stock market sell-off in the U.S.

Cardano too slid by over 6%. Even if now the majority of these assets have recovered from their losses, the closure of these institutions will have a greater impact on the crypto business.

Mina Tadrus, CEO of quant investment management firm Tadrus Capital LLC and general partner of Tadrus Capital Fund, said.

“These banks enabled cryptocurrency traders and companies to deposit, transfer and convert fiat currency into digital assets such as Bitcoin, Ethereum, and other cryptocurrencies.”

With these banks now defunct, it will become difficult for crypto businesses to move money between entities and access banking services, Tadrus noted.

“Furthermore, such closures could mean reduced trust from investors who may no longer be aware of the necessary safeguards involved in their bank transactions.”

Cardano Founder Remarks Highlights This

According to Tadrus, this might result in a general fall in community engagement, which would ultimately reduce market liquidity and make it challenging for cryptocurrency businesses to develop new products or continue to operate over the long run.

Despite these obstacles, the cryptocurrency sector continues to expand and evolve, with fresh projects and programs starting every day.

About Hoskinson’s recommendation to stop using banks. It highlights the potential for cryptocurrencies to develop new, decentralized alternatives to established financial infrastructure.

It will be interesting to see how the industry handles the regulatory environment as it develops and creates new decentralized financial systems.

Prior to this, Hoskinson cautioned the cryptocurrency community to exercise caution during the banking crisis. In the tweet, the Cardano founder warned crypto investors to avoid over-collateralizing their holdings as they wait for the market to stabilize.

Ouroboros Genesis: Cardano Game-Changing Upgrade To Disrupt The Smart Contract Landscape

February 2, 2023 by Mishal Ali

Cardano (ADA), one of the leading Layer 1 blockchain protocols, is gearing up to launch its highly-anticipated Ouroboros Genesis upgrade, which has the potential to change the game in the smart contract arena.

The upgrade aims to make Cardano the most secure PoS blockchain, surpassing even Bitcoin in terms of security guarantees, according to a January 31st blog post.

Ouroboros Genesis is the next iteration of Cardano’s consensus protocol, addressing key issues such as costless simulation and the bootstrapping problem while protecting against long-range attacks. It sets it apart from existing Proof-of-Stake (PoS) blockchains.

Proof-of-Work (PoW), the consensus mechanism used by Bitcoin, is secure due to its cryptographic hash functions. Still, it comes with limitations in terms of energy efficiency and compatibility with other systems.

PoS-BFT protocols, on the other hand, reach consensus among nodes, eliminating forks. However, they sacrifice dynamic availability for the sake of security.

The current consensus mechanism used by Cardano Ouroboros Praos takes a unique approach that balances security and availability.

Using a Verifiable Random Function (VRF), nodes are elected as slot leaders to create blocks in a cycle that repeats throughout each epoch. It helps maintain honest behavior while keeping the network decentralized.

Ouroboros, in its Genesis form, raises the bar by being the first proof-of-stake protocol with a mathematical proof of its ability to maintain both persistence and activity as long as the majority of participants are truthful in both fast and slow network environments.

It makes “Cardano more secure than other PoS protocols that require at least 2/3 honest participants” and equally secure as Bitcoin, but with improved energy efficiency and performance.

The Promise Of Cardano Network’s Ouroboros Genesis

Ouroboros Genesis has the potential to revolutionize the blockchain landscape, providing a level of security and efficiency not seen in other PoS protocols.

As the first mathematically proven protocol, it eliminates the need for an extra layer of trust and offers a scalable solution for decentralized, permissionless networks.

Nevertheless, the Ouroboros Genesis upgrade is a significant step forward for Cardano and the blockchain industry.

Additionally, with its innovative approach to consensus and emphasis on security, efficiency, and decentralization, Cardano is positioning itself as a leader in the next generation of blockchain technology.

21Shares’ Diversified Crypto Staking Index ETP, A Game Changer in the Industry

January 19, 2023 by Mishal Ali

21Shares, the most significant issuer of crypto Exchange Traded Products, revealed the 21Shares Staking Basket Index ETP, the very first crypto staking index Exchange Traded Product (ETP), providing diversified income through staking, according to January 18th press release.

21Shares’ staking index, created in partnership with Vinter of Sweden, serves as a foundation for the world’s first digital-asset basket product. This Exchange-Traded Product gives exposure to staking rewards while accurately mirroring the performance of the staked digital currencies.

As per the press release, this index keeps an eye on digital coins which work on the Proof-of-Stake system, such as Binance Coin, Cardano, Cosmos, Polkadot, Solana, and Tezos. The index is updated every six months to reflect changing trends in the market, with alterations taking place in the months of March and September.

In the last year, 21Shares has revolutionized the market with its exchange-traded products, including CBTC, the most affordable Bitcoin ETP, and two risk-adjusted products, SPBTC and SPETH. Today’s launch increases the company’s portfolio.

STAKE: Diversified Crypto Staking Index ETP

Arthur Krause, Director of ETP Product at 21.co and parent company of 21Shares, explained that staking enables crypto owners to gain compensation by securing their assets. Their research indicated that investors are eager to receive returns from a diversified crypto source – even during the crypto winter.

Arthur Krause added in the statement:

In particular, we’ve heard the demand for a reliable and safe way to access StakingStaking, one of the most attractive potential return streams available in the crypto ecosystem. The 21Shares Staking Basket Index ETP does just that and will be an attractive addition to many portfolios.

Jacob Lindberg, CEO of Vinter, also commented on the launch, stating that their product meets the needs of retail and institutional investors worldwide. Lindberg continues saying that they anticipate continuing to collaborate with 21Shares as they work to introduce more inventive investment offerings that link up to the crypto realm.

However, the world’s first crypto staking index, ETP, is now trading on the BX Swiss Exchange and seeking to list on Xetra Deutsche Boerse. This launch builds upon the success of their current single-asset staking products: 21Shares Solana Staking ETP and 21Shares Tezos Staking ETP.