Chaindaemons

  • Chains
    • BitcoinBitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”
    • CardanoCardano is a proof-of-stake blockchain platform that says its goal is to allow “changemakers, innovators and visionaries” to bring about positive global change.
    • DogecoinDogecoin (DOGE) is based on the popular “doge” Internet meme and features a Shiba Inu on its logo. The open-source digital currency was created by Billy Markus from Portland, Oregon and Jackson Palmer from Sydney, Australia, and was forked from Litecoin in December 2013. Dogecoin’s creators envisaged it as a fun, light-hearted cryptocurrency that would have greater appeal beyond the core Bitcoin audience, since it was based on a dog meme. Tesla CEO Elon Musk posted several tweets on social media that Dogecoin is his favorite coin.
    • EthereumEthereum was first described in a 2013 whitepaper by Vitalik Buterin. Buterin, along with other co-founders, secured funding for the project in an online public crowd sale in the summer of 2014. The project team managed to raise $18.3 million in Bitcoin, and Ethereum’s price in the Initial Coin Offering (ICO) was $0.311, with over 60 million Ether sold. Taking Ethereum’s price now, this puts the return on investment (ROI) at an annualized rate of over 270%, essentially almost quadrupling your investment every year since the summer of 2014.
    • PolygonPolygon (previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.
    • SolanaSolana is a highly functional open source project that banks on blockchain technology’s permissionless nature to provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017, Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.

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ShibaSwap 2.0 in Works, Shiba Inu (SHIB) Community Delighted

SHIB BPP, a Shiba Inu community member, has shared the exciting news of the upcoming ShibaSwap 2.0 upgrade. He says the ShibaSwap 2.0 upgrade, which will include new looks and a crypto site, is now in the works. The exact Read more…

By admin, 1 week ago
Archive

Introducing The Rolling-Block Method: A New Way To Forecast Bitcoin Mining Difficulty

Since Bitcoin’s inception, network difficulty has grown from 1 to as much as 48.71 trillion hashes that a miner would theoretically need to generate to find the winning one. This means it is 48.71 trillion times harder to mine a Read more…

By admin, 1 weekMay 25, 2023 ago
Archive

Bitcoin Whale Shifts 31,000 BTC; Is A BTC Dump Ahead?

Acoording to a blockchain intelligence firm Arkham, a bitcoin whale has executed a substantial movement of over 31,000 Bitcoins (BTC) from their cold wallets. Will it influence the BTC price momentum negatively? Whale Transaction History After transferring 31000 bitcoins to Read more…

By admin, 1 week ago
Archive

Bitcoin’s Hot Ordinals Economy is Getting a Dollar-Backed Stablecoin

Bitcoin’s burgeoning on-chain economy is getting its own dollar-backed stablecoin. The new token Stably USD aims to become a go-to currency for traders transacting in the wave of novel assets being built on bitcoin, according to issuing company Stably. The Read more…

By admin, 1 weekMay 25, 2023 ago
Archive

Sam Altman’s Crypto Project Worldcoin Raises $115M Led By Blockchain Capital

Tools for Humanity, the team behind Worldcoin, has raised $115 million in a Series C funding round led by Blockchain Capital with participation from a16z, Bain Capital Crypto and Distributed Global. Worldcoin, a decentralized open source protocol, was co-founded by Read more…

By admin, 1 week ago
Polygon

Reddit the Only Big Tech Firm That ‘Cracked the NFT Code’: Polygon Co-founder

Polygon’s co-founder said the social media giant “cracked the code” for NFT adoption, during a recent AMA session on Reddit. Besides sharing pro-crypto and Polygon views like how Web3 will complement Web2 in areas like finance, gaming, and social media, the founder also explained Read more…

By admin, 1 week ago
Polygon

MATIC sees more than 80% decline in transaction volume

Polygon (MATIC) saw significant growth in 2021 but has since experienced a decline in transactions, raising concerns about its future. Examining the current state of Polygon Polygon, an Ethereum blockchain scaling solution that aims to enhance the network’s scalability and Read more…

By admin, 1 weekMay 25, 2023 ago
Archive

UK sees over 40% surge in crypto-related fraud cases

The United Kingdom’s Action Fraud has revealed that cryptocurrency-linked fraud cases have increased in the past year, reaching 306 million pounds ($378 million). Authorities have proposed regulating the UK’s web3 space, like its gambling sector. Despite a significant increase in Read more…

By admin, 1 week ago
Archive

Stablecoins’ future becomes uncertain amid crypto slump

For the 14th consecutive month, the total market cap of stablecoins continues to shrink, standing at a modest $130 billion in May – a startlingly low point unseen since September 2021. But, as their numbers dwindle, the crypto market faces Read more…

By admin, 1 weekMay 25, 2023 ago
Archive

Binance Pay sees growing interest in Africa, South Asia and Independent States

African, South Asian and Eastern European countries are using Binance Pay as a means to bridge cryptocurrencies as a payment source for goods and services, according to a regional Binance exec. Binance’s payment arm shared updated data with Cointelegraph in Read more…

By admin, 1 week ago

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