Solana reveals cost-cutting solution for on-chain storage
07 Apr 2023
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Known as state compression, the technology promises to drastically reduce the cost of on-chain storage. Layer-1 blockchain Solana has released a new solution aiming to drastically reduce the cost of on-chain storage. Called state compression, the technology promises to bring down the cost of minting 1 million nonfungible tokens (NFTs) on the network to nearly $110. “After numerous phases…

Smaller investors can have outsized impact on crypto investment markets: BIS study
07 Apr 2023
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Researchers looking at the “crypto carry” rate between spot and futures markets and its causes came to conclusions about crypto market booms and busts and how they happen. The Bank for International Settlements (BIS) has released a working paper examining “crypto carry” — the differences between Bitcoin and Ether spot and futures prices — and its effect…

DeSantis is right — CBDCs will lead to absolute government control
07 Apr 2023
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From China to Canada, it’s clear that governments around the world are salivating at the prospect of introducing currencies they can manipulate hassle-free. Arguing over the prudence and implications of issuing a central bank digital currency (CBDC) in the United States has seemingly become one of Washington’s favorite icebreakers. As Congress considers the question, it is critical…

Ethereum ‘re-staking’ protocol EigenLayer launches on testnet
07 Apr 2023
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The re-staking collective aims to address Ethereum validator economic incentives. A new protocol that allows Ethereum validators and stakers to “re-stake” their assets onto other emerging networks has just launched on testnet. The mainnet launch of the EigenLayer protocol is not expected until Q3, however, and testing will be phased in three stages to onboard…