The Tron community has revealed that more than 125 million coins have so far been burned. The issuance of the TRX token is also at negative 120 million coins, equivalent to around $10 million. Tron bu...
Tag: Mechanism
Pawn Bots NFTs Introducing a BuyBack Mechanism
For anyone who managed to jump on the NFT bandwagon before it turned into a rocketship to the moon, it’s been quite a ride. Prices for the earliest, most well-known collections have exploded, making a...
Polygon Burns More Than 650,000 MATIC After Launch of Burn Mechanism
As shared by Polygon ecosystem updates, more than 650,000 MATIC have been burned since the launch of the EIP-1559 upgrade on the Polygon mainnet in January. As seen on the Polygonburn website, a total...
Broxus CEO Vlad Ponomarev on Everscale and Developing a Universal Bridge Mechanism – Interview Bitcoin News
Everscale is the most scalable network in DeFi. With the capacity to process over a million transactions per second, Everscale is able to offer users some of the fastest transaction speeds paired with...
Ethereum Proof of Stake vs. Proof-of-Work: What is a better consensus mechanism?
Ethereum is moving to a consensus mechanism called Ethereum Proof-of-Stake (PoS) from Proof-of-Work (PoW). This development was always the plan as it’s a key part of the community’s strategy to scale ...
Binance Burns Another $740M Worth of BNB, CZ Says It Proves Deflationary Mechanism
The world’s largest cryptocurrency exchange – Binance – removed over 1.8 million BNB tokens from circulation, completing its 19th quarterly BNB burn. Changpeng Zhao – Chief Executive Officer of the tr...
Splinterlands Game Switches to Splintershards (SPS) Decentralized Nodes Mechanism
Vladislav Sopov Splinterlands, a next-gen play-to-earn ecosystem, shares the details of its advanced node structure Contents Splinterlands play-to-earn game moves to DPoS nodes mechanism Splintershard...
Blockchain-based game Blast Royale raises $5 million in a private round led by Animoca Brands and Mechanism Capital
Advertisement     According to a statement by First Light Games, the parent company of Blast Royale, the game has attracted top investors in a private sale funding rou...
Ethereum Mainnet’s Shadow Fork Went Live: A Step Closer To Its Transition To PoS Mechanism
On Tuesday, a shadow fork of the Ethereum mainnet went live, bringing it a step closer to its transition to a proof-of-stake (PoS) consensus mechanism from proof of work (PoW) for the Ethereum 2.0 upg...
What Is A Blockchain Consensus Mechanism?
Blockchain consensus mechanisms allow distributed networks of computers to work together and agree on the state of the network. Blockchain consensus is important as it establishes that at least 51% o...
CLIFF Uses Deflationary Mechanism to Boost Token Price Regularly
Dogecoin started as a joke but ended up attracting billions of US dollars and the interest of Elon Musk himself. The cryptocurrency with the Shiba Inu dog as its logo has become an inspiration for man...
Cardano (ADA) Is Latest Crypto Asset to Consider Burning Mechanism
Cardano might soon have a token-burning mechanism. That’s what information contained in its recent status updates seems to suggest. The status update, which is part of a new initiative by the company...
Cardano Soars 13% On Rumors Of Burn Mechanism, Hoskinson Reacts
In the last 7 days, Cardano is one of the best performers on the crypto top 10 by market cap. Proof-of-Stake networks lead the market, as Bitcoin and others stand in the back. Related Reading | Cardan...
Itheum Lands Investment from Elrond Foundation, Mechanism Capital as it Gears for Launch
[PRESS RELEASE – Dubai, Dubai, 17th March 2022] Itheum is pleased to announce an investment from Elrond, Mechanism Capital, and other crucial investors in the crypto and blockchain space. The funding ...
Itheum Announces Investment From Elrond, Mechanism Capital, And Other Crucial Investors
Advertisement     Itheum, the world’s first Elrond-powered decentralized data-brokerage project has disclosed additional funding from prominent investors in the crypto...
Itheum Lands Investment From Elrond Foundation, Mechanism Capital and Others As It Gears Up for Launch
March 17, 2022 – Dubai, Dubai Itheum is pleased to announce an investment from Elrond, Mechanism Capital and other crucial investors in the crypto and blockchain space. The funding extends the earlier...
Itheum Lands Investment From Elrond Foundation, Mechanism Capital And Others As it Gears for Launch
Dubai, Dubai, 17th March, 2022, Itheum is pleased to announce an investment from Elrond, Mechanism Capital, and other crucial investors in the crypto and blockchain space. The funding extends the earl...
How this stablecoin has high yield strategies built into its design mechanism
Deployed on Arbitrum, Sperax USD (USDs) entered the DeFi space as the “first auto-yield stablecoin.” The Sperax protocol leverages a dual token system with a stablecoin ($USDs) and a governance token ...
Melos Studio Set To Pilot Its Web 3.0 Content Discovery Mechanism
March 14, 2022 – Singapore, Singapore Melos Studio, a music NFT creation platform, plans to launch a web 3.0 content discovery mechanism this year. The platform aims to design this discovery mechanism...
LUNA Outpaces ADA and SOL — Why Terra’s PoS Mechanism Trumps Cardano and Solana ⋆ ZyCrypto
Advertisement     Key Takeaways LUNA outpacing SOL and ADA. A market pundit says it was inevitable as Terra has better fundamentals as a PoS blockchain. LUNA may have ...
Jack Dorsey developing a new mechanism for bitcoin miners
Former Twitter CEO Jack Dorsey stated that Block is developing a mechanism to make Bitcoin mining more accessible. In addition, Square is collaborating with Blockstream to develop a 100 percent solar-...
Will MATIC’s Burning Mechanism Help Polygon Stay on Top?
According to Footprint Analytics data, as of Feb. 7, Ethereum has burned 1,778,834 ETH since the London upgrade in August, equivalent to $5.5 billion at current prices. Polygon also announced the impl...
JPMorgan Strategist expresses concern on crypto, calls crypto for no valuation mechanism
JPMorgan Strategist Expresses Concerns About the Crypto Market. Michael Cembalest, JPMorgan’s chairman of investment strategy, is skeptical of bitcoin and other cryptocurrencies. He is not convinced t...
Interview With Ether Capital On Their Bet In Ethereum 2.0 And Staking As A Mechanism To Drive Crypto Adoption
Last year, Bitcoinist reported a $50 million stake in Ethereum’s Beacon Chain from Ether Capital, a publicly-traded company in Canada highly bullish on the Proof-of-Stake iteration of this cryptocurre...
LABEL Foundation, a Novel DAO Mechanism, Introduces Web3 to Entertainment Segment
Vladislav Sopov LABEL Foundation changes the narrative in content distribution for better content management Amid another wave of NFT euphoria, LABEL Foundation is developing a user-friendly endpoint ...
Solana is getting a new incentive rewards mechanism
Step Finance, a Solana-based DeFi protocol, announced today that it’s launching a new kind of incentive mechanism for its users called Reward Options. The incentive will be distributed to Step Finance...
Twitter Launches Verification Mechanism for NFT Avatars; Bybit Demonstrates Ambition on NFT Marketplace
Twitter announced Thursday that it was rolling out an official verification mechanism for NFT avatars, allowing some users to set the NFTs they own as their profile picture. The Twitter avatar of the ...
Shiba Inu (SHIB) Sagging Values To Get A Boost With New Token Burn Mechanism?
Shiba Inu developers are in the process of developing new methods to burn SHIB. According to Steven Cooper, these mechanisms will be introduced to the ecosystem later. Over the past weekend, more than...
Binance launches new ‘auto-burn’ protocol for BNB to replace existing mechanism
The biggest crypto exchange by far is Binance. Despite some regulatory hiccups in the past, the crypto exchange platform was trending in the news following its developments. Here was the most signific...
Unmarshal Signs New Key Advisor As It Facilitates Query Mechanism for Solana DApps
Advertisement     Unmarshal, a multichain DeFi data network, is pleased to announce the addition of Brian D. Evans as a critical advisor to the team. As per the announ...