What do Putin, Biden and Zuckerberg have in common? 😲
Polygon, the definitive analysis: Part III-MATIC, Ethereum's native Internet of Blockchains token, all about AIRDROPS or how cryptos benefit their early adopters and much more.
We are halfway through the week and we are still keeping an eye on the international scene, and it seems that the trend these days is to show one's "paw" but without "getting too wet". That is to say, without defining oneself.
And we are finding this in different situations: if Putin and Zelenski seem to reach an agreement, but they haven't quite reached it; if Biden issues an executive order to regulate the cryptocurrency industry, but it hasn't come out, and Zuckerberg (of course, we haven't talked about him for a long time 😂) is going to release NFTs on Instagram, but maybe not, or yes, or we don't know...
We're not even going to talk about the former: we'll have to wait and see what fate has in store for us and if it's not another Russian fable (by the way, we join the US Congress in applauding the Ukrainian president in yesterday's session, very moving... although support, what is support, nothing at all).
As for Biden, to stay on the American continent, well, nothing, we'll have to wait. For what? To this:
The EO does not specify any regulatory action. Instead, it describes an inter-agency process involving 16 senior officials, including several Cabinet members, and potentially including independent regulators. Its first tasks will be to produce an elaborate series of reports, with various supplements and annexes, to be submitted at intervals ranging from 90 days to well over a year after publication of the EO. Assistant to the President for National Security Affairs Jake Sullivan and Assistant to the President for Economic Policy Brian Deese will coordinate the interagency process.
Did you understand anything? Neither did we 😋. But let's wait and see.
And Zuckerberg, well, our friend from Meta has said, "We're working on bringing NFTs to Instagram in the near term," at a panel at the South by Southwest Festival in Austin on Tuesday, according to a tweet from Engadget senior editor Karissa Bell. Zuckerberg added, however, that "I'm not ready to announce exactly what it's going to be today."
Which amounts to: I'm going, but I'm not going, but I will go, someday... When you forget that....
Casey Newton, a writer for The Verge's Platformer newsletter, tweeted that Zuckerberg also said that "hopefully" in the coming months, Instagram members will be able to mint their own non-fungible tokens (NFTs) within the app.
In January, the Financial Times reported that Meta was working on plans to allow Facebook and Instagram members to display NFTs on their profiles, citing sources familiar with the matter.
In October, Facebook changed its name to Meta to reflect its focus on the metaverse and virtual reality.
The company said in a presentation at the time that its metaverse would be compatible with NFTs.
If I have to wait for Biden's reports, we're in trouble.
Well, while we wait... Well, today we bring you to "Forty Two (42)", "Polygon, the definitive analysis: Part III. MATIC, the native token of Ethereum's Internet of Blockchains", by Antonio Fernández from beToken Capital Research. We also talk to you in "Don't Panic! Easy!", "All about AIRDROPS. Or how cryptos benefit their early adopters", by Jesus Fernandez of beToken Capital Research.
We also tell you precisely the news that the EU parliament approves the historic cryptocurrency bill, that Ethereum's Merge tests on Kiln have been mostly successful, except for one small bug, and many more things.
Nothing, Tokener, may you have a pleasant wait 😂, read, enjoy, do at least 30 minutes of walking a day, eat healthy, share and... 👇👇👇
EU parliament passes the historic Crypto MiCA bill
The much-anticipated Markets in Crypto Assets Regulation (MiCA) legislation was passed on Monday. It will focus on a coordinated approach of all EU members towards crypto. The bill initially had an indirect provision to ban proof-of-work mining due to its high power consumption. It was widely called a “proposed Bitcoin mining ban in the EU” by many crypto watchdog critics.
The legislation noted that one of its priorities is —
Ensuring that the EU financial services regulatory framework is innovation-friendly and does not pose obstacles to the application of new technologies.
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Polygon, the definitive review: Part III
MATIC, the native token for Ethereum's Internet of Blockchains
We already know what Polygon's ambitious goals are, and how its flagship blockchain, Polygon PoS Chain, works. Now it's time to take a closer look at the token that has made them possible, MATIC. It is not only the gas you have to pay to interact with Polygon, but also the main asset that secures its ecosystem by staking through Ethereum.
Hold on tight, Tokener, because today we are going to analyse the star token of Ethereum's Internet of Blockchains.
What is MATIC for?
MATIC is the central token of Polygon's blockchain ecosystem, and has two main utilities, which give it value:
Participation in the PoS consensus. MATIC holders can participate in Polygon's Security Layer through staking, either as validators or as delegators. As the number of blockchains in the ecosystem increases, and more of them choose to use the Security Layer to secure their transactions, the rewards for stakers will increase.
More? Keep reading 👇👇
Active addresses on Ethereum, Celo and Optimism
Ethereum Merge testing on Kiln mostly successful, save for one minor bug
“Post-merge blocks are being produced by validators, and they contain transactions!” said Ethereum developer Tim Beiko.
On Tuesday, Ethereum developer Tim Beiko tweeted that Kiln successfully passed the Ethereum Merge, with validators producing post-merge blocks containing transactions. Kiln will be the last Merge testnet — formerly Ethereum 2.0 — before existing public testnets are upgraded. “Merge” involves taking Ethereum‘s Execution Layer from the existing proof-of-work (PoW) layer and merging it with the Consensus Layer from the Beacon chain, turning the blockchain into a proof-of-stake (PoS) network. The Foundation writes:
“This merge signals the culmination of six years of research and development in Ethereum and will result in a more secure network, predictable block times, and a 99.98%+ reduction in power use when it is released on mainnet later in 2022.”
Follow at 🔗 CoinTelegraph
All about AIRDROPS
Or how cryptos benefit their early adopters
An airdrop is a growth strategy popularised by crypto startups to reward their initial users and promote their project and their new token (or NFT).
It consists of distributing your token to your current or potential users for free, sometimes a "vampire attack" is carried out by offering the airdrop to competing users (usually with better conditions), a classic example being Sushiswap's attack on Uniswap.
Sometimes users must complete simple promotional activities (follow us on Twitter or sign up for Discord) before they can claim tokens, sometimes they must simply use the service... Can you imagine if Apple distributed 10% of its shares to everyone who bought their first iPhone? Well, that's exactly what crypto startups do, with a much more collaborative and community-based philosophy.
Do you like it? Follow 👇👇
Biden’s executive order promises great things for the crypto industry — Eventually
A flurry of research and reporting is the first step toward a coherent crypto policy, while action remains months or years in the future.
United States President Joe Biden signed the Executive Order on Ensuring Responsible Development of Digital Assets on March 9. The order had been expected for several months, giving some in the industry ample time to build up trepidation. Once the executive order, or EO, was released, however, it was met with a chorus of approval.
“I was expecting certain things and the positive tone was not necessarily one of them,” TRM Labs head of legal and government affairs Ari Redborn said of the order. Crypto advocacy group Coin Center executive director Jerry Brito tweeted that the EO is “further affirmation that when serious officials take a sober look at crypto, the reaction is not to light their hair on fire, but instead to recognize it as a[n] innovation that the U.S. will want to foster.”
Read more 👁 CoinTelegraph
GRT rallies 39% as subgraphs migrate to The Graph’s decentralized mainnet
The Graph leads the altcoin market, gaining 38.6% as subgraphs migrate to its decentralized mainnet with the help of Graph Grants.
As the growing digital economy undergoes a transition from Web2 to Web3, oracle and data providers are becoming an increasingly important sector for ensuring the reliable sharing and transfer of information.
The Graph (GRT) is one protocol that is spearheading the integration of blockchain technology with data management and retrieval through the creation of open APIs known as subgraphs.
Keep reading 🔗 CoinTelegraph
Blockchain Games: Myths and Realities
It’s been several months since I shared my thoughts about the world of NFT-based games and digital collectibles.
Since then, we’ve seen an explosion of interest in the category of games — as well as a huge increase in the amount of misinformation, confusion and downright cynicism.
Read more at 👉 Medium
Mark Zuckerberg Says NFTs Are Coming Soon to Instagram
The Meta CEO’s comments at South by Southwest confirmed earlier reports that Instagram was preparing to make such a move.
“We’re working on bringing NFTs to Instagram in the near term," Meta (FB) CEO Mark Zuckerberg said at a panel at Austin’s South by Southwest Festival on Tuesday, according to a tweet from Engadget Senior Editor Karissa Bell. Zuckerberg added, however, that “I’m not ready to kind of announce exactly what that’s going to be today.”
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