Mediaboss Marketing

Paris has recently made its move to become the next big crypto hub, even after the closure of several crypto-friendly banks and the failure of the FTX. The French government has been showing support for the crypto industry and blockchain technology, with President Emmanuel Macron seeing cryptocurrency as one way to attract businesses. This could have a huge effect on the big crypto names on the market, such as Bitcoin (BTC) and Ethereum (ETH), as well as tokens that have yet to launch on an exchange and are still making a name for themselves, like Signuptoken.com.

Signuptoken.com is a new project that aims to create generational wealth through the simplest idea possible registering a single email that will help subscribers retire early. The project has set a goal of reaching one million email subscriptions before launching its token on Uniswap.

As of this writing, Signuptoken.com has accumulated 3,000 email subscribers, which is one step closer to the projects goal.

Subscribers will be updated on the projects progress through email updates. Once the one million email subscription target is reached, the team will send out a single email announcing the launch of the ERC-20 token. The project is attempting something that has not been achieved on a global scale before.

The team behind Signuptoken.com will send out a verification email to confirm all users added are genuine, ensuring the validity of the projects one million email subscription goal. The team has not doxxed their identities and will not be providing tokenomics about the crypto coin.

Bitcoin is the biggest crypto coin on the market, and many establishments have started accepting it as a payment method. In Paris, Burger King has made a bold move by introducing power bank rental machines called Instpower, which accept crypto payments, like BTC. Instpower machines are connected to Binance Pay and Alchemy Pay.

This move by Burger King in Paris is part of a larger trend of companies embracing cryptocurrency payments, demonstrating the growing acceptance and legitimacy of digital currencies. With the rise of crypto and the growing demand for alternative payment methods, it is likely that more businesses will follow suit and start accepting cryptocurrency payments in the near future.

One famous crypto analyst Justin Bennett has his financial speculation about Ethereum facing a rally en route to liquidating traders facing bearish action on ETHs platform. According to Bennett, the rally at the end of March could hint at the crypto markets short-term performance.

Usually, the crypto market is affected by stock market trends, but a lag seems to appear between the two asset classes. If the crypto market takes cues from equities, a resistance level at $1,840 for Ethereum is possible. Therefore, a short squeeze could occurwhich triggers ralliesas there is a huge amount of short liquidations over the $2,000 price level.

There could be a possibility that Ethereum would become one of the major crypto coins that Paris would accept for buying and selling goods.

As Paris embraces crypto and recognizes its benefits and potential as an alternative to traditional forms of currency, many other countries may follow suit. While crypto has risks due to economic conditions and market volatility, embracing this investment as part of the future of finance can help everyone adapt to the changing landscape of the digital economy.

Signuptoken.com might be the next big crypto coin to launch on an exchange! Learn more about this unique crypto project and sign up to reap the early benefits when the coin launches.

Website: https://www.signuptoken.com

Twitter: https://twitter.com/_SignUpToken_

Telegram: https://t.me/SignUpToken

Visit link:

Bitcoin, Ethereum, Signuptoken.com: Top 3 Coins to Consider As ... - Analytics Insight

A hot topic in crypto circles these days is how to process more transactions on a blockchain, leading many pundits to say it cant be done in a decentralized fashion. This opinion is a popular one but also belies a superficial understanding of the problem with Ethereums scaling solutions in particulara problem that stems from the financing models driving these solutions.

For those unfamiliar with the debate, Ethereum and Bitcoin have for years struggled with congestion and high fees arising from their failure to keep up with demand on their blockchains. This has in turn created opportunities for projects offering on-top solutions as a means to handle that extra demand. The result is a plethora of so-called layer-2, or L2, sidechainsArbitrum, Optimism, and Polygon among themthat are intended to increase transaction capacity while keeping the chain orderly.

In the Bitcoin network, these efforts have largely focused around Lightning, a system of secured peer-to-peer channels that allow for quick and cheap transactions. In the case of Ethereum, developers have taken a more baroque approach that typically looks like this: A technical team claims to have a novel solution to scale Ethereum by capturing transactions on their network, and that idea is pitched to venture capitalists. But instead of integrating this software directly into the main protocol, so Ethereum as a network can scale, a new tokenan L2 tokenis issued to transact using this new software.

Does this have to happen? Well, no. Strictly speaking, there is nothing stopping Ethereum leadership from incorporating scaling solutions at the protocol level to lower its costs and make the network more efficient. But instead of working to make the scaling happen directly, the Ethereum crowd has instead relied on the L2 route. (Its worth noting that Tezos, the blockchain I cofounded, recently deployed an L2 solution without introducing a token.)

While L2 solutions on Ethereum have succeeded in offering faster and cheaper transactions, their insistence on adding their own proprietary tokens add friction. To make matters worse, the L2 projects often rush to market with underdeveloped solutions, creating a reliance upon Ethereum contracts under their control and centralized oversight to address security issues later. While this tokenized approach funds development and generates hype, it quickly leads to disillusionment as inflated token market capitalizations fail to meet expectations.

So why does Ethereum continue to embrace these half-baked L2 solutions? Look no further than Sand Hill Road.

Traditionally, venture capitalists offer financing for new businessesthe word venture connoting newer, riskier investments, unlike those perhaps preferred by other private equity firms. VCs typically look to exit their positions through IPOs or acquisitions, often on five- or seven-year time horizons.

If VCs had a chance speed up their exitsthe big moment everyone gets paidto an order of months, you can bet they would leap on it. And so enter a new model facilitated by crypto.

In Crypto VC speak, exit strategies dont come from the creation of a useful, flourishing business. Since 2018 or so, VCs have acted as providers of bridge capital to teams until a token is created and sold. Its about short-term storytelling because, ultimately, the value of the token isnt defensible. Often, its a solution in search of a problem or, in the case of scaling, a source of additional friction. The last two months have served as testament to the instability of L2 tokens for a variety of business reasons.

Last month, Coinbase announced it was launching an L2 solution based on Optimism. This was poetic: Optimism already has an unnecessary token and a staking mechanism for its distribution. Unfortunately, it lacks fraud proofs, or the basic security ingredient that makes a scaling solution more secure than a hope and a prayer. What we have here is a token in search of its own technology.

More recently, Arbitrum, an L2 on Ethereum thats raised over $100 million from VCs such as Lightspeed, issued a governance token called ARB to justify its place outside the base Ethereum protocol. As part of its first governing act, the community was asked to vote on a proposal that would send 750 million of its tokens, worth around $1 billion, to its nonprofit foundation. When rank-and-file community members balked at this plan, the Arbitrum Foundation clarified that these funds were already being allocatedand, indeed, had been spent. It was a lucky day for those folks who gave them money last year in a private transaction, and virtually nobody else who bought into the gold-plated resumes of its founding team and the characterizations of their project.

Quite the arbitrage, indeed.

Scaling solutions that create more costs and hoops to jump through for users by issuing pernicious tokens arent solutions at all. Ethereum will evolve once it weens off venture capitalists and embraces a model that seeks to disintermediate, rather than subsidize, the well-heeled financiers of Web2.

Kathleen Breitmanis a cofounder ofTezos. The opinions expressed in Fortune.com commentary pieces are solely the views of their authors and do not necessarily reflect the opinions and beliefs ofFortune.

Read the original:

Ethereum, Arbitrum, and why L2 solutions are such a mess - Fortune

Over the past few years, it's become clear that Ethereum(ETH 0.26%) has experienced significant growth. But as a result of becoming one of the most popular blockchains in the world, its network has become plagued by slow transaction speeds and costly fees. This extreme congestion has created demand for effective Layer 2 scaling solutions.

Layer 2 scaling solutions are built on top of the Ethereum blockchain to enable faster and cheaper transactions while maintaining the blockchain's decentralization and security features.

There are currently a handful of Layer 2 scaling solutions that aim to solve Ethereum's issues. But the three front-runners today -- and also those with the most long-term potential -- are Arbitrum (CRYPTO:ARB), Optimism (OP), and Polygon (MATIC 0.37%).

Each of these solutions operates a little differently, and as such have their own pros and cons. Let's see what sets these competitors apart and might be deserving of your hard-earned money.

To start, it should be clarified that all these Layer 2 solutions try to accomplish the same thing: Make Ethereum faster and cheaper. For the most part, they all use similar processes but differ slightly in how they actually scale up Ethereum.

These differences can be highly technical and are likely better saved for a conversation another day, but the key factor to understand is that all of these solutions present trade-offs depending on what they prioritize.

For example, Arbitrum and Optimism both use rollups, which combine groups of transactions into a single transaction. But Arbitrum does it in a way that is slightly slower, yet dramatically cheaper than Optimism. When looking at Polygon, its method of using a sidechain to process transactions makes it less decentralized than Optimism or Arbitrum.

However, Arbitrum and Polygon have robust compatibility with Ethereum, making them great options for developers wanting to create decentralized apps.

Each solution comes with its own benefits and drawbacks, but to truly understand which ones are in the most demand, we can look at some statistics.

To quantify each solution, it can be helpful to compare simple metrics such as speed and transaction costs since these are essentially the two reasons there is demand for a Layer 2 solution.

Polygon is able to process as many as 65,000 transactions per second, while maintaining low fees that typically range between $0.1 to $0.5 depending on the transaction size. Arbitrum allows for 40,000 transactions per second, with fees ranging from $0.5 to $0.7. Optimism has the capacity to process up to 2,000 transactions per second, and fees are slightly higher compared to Arbitrum and Polygon, ranging from $0.6 to $0.9.

Other statistics -- such as the number of wallets, number of transactions, and total value locked -- can also help paint a clearer picture of the layer 2 landscape.

When it comes to the number of wallets and the number of transactions, the race really isn't even close. Polygon simply dominates. While Optimism lags behind Arbitrum and Polygon significantly, Arbitrum is gaining some ground on Polygon thanks to its newly released token that came out this March.

The other metric to consider is total value locked (TVL). You could think of this as a way to measure the value each solution supports in decentralized applications. The greater the TVL, the more valuable the solution. Surprisingly, Arbitrum has the highest TVL among these three, coming in at around $2.2 billion. Polygon follows at $1.1 billion, and Optimism is third at $920 million.

Considering this combination of statistics, it's clear that Polygon and Arbitrum are providing developers and users with a valuable solution. Both have proven usage, which is reflected in multiple sets of statistics.

An investment in both could be plausible, but if there is one Layer 2 solution deserving of your money, it is likely Polygon. It has a friendly developer environment, verifiable usage, and the best part: a plethora of partnerships with some of the world's most recognizable brands.

In the past year or so, companies including JPMorgan Chase, Starbucks, Disney, Nike, and Meta Platforms have all used Polygon in different ways to facilitate new blockchain-based business models.

With its price still down 62% from its all-time high, Polygon looks to have significant long-term potential, exactly the kind investors should be looking for.

If there is one downside to Polygon, it would be its higher levels of centralization. If decentralization is a priority, then Arbitrum seems to be the best choice. But with its new token just a few weeks old, I would personally like to see Arbitrum build more of a track record.

Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. JPMorgan Chase is an advertising partner of The Ascent, a Motley Fool company. RJ Fulton has positions in Ethereum and Polygon. The Motley Fool has positions in and recommends Ethereum, JPMorgan Chase, Meta Platforms, Nike, Polygon, Starbucks, and Walt Disney. The Motley Fool recommends the following options: long January 2024 $145 calls on Walt Disney, long January 2025 $47.50 calls on Nike, short April 2023 $100 calls on Starbucks, and short January 2024 $155 calls on Walt Disney. The Motley Fool has a disclosure policy.

Excerpt from:

Ethereum's Scaling Race: Which Layer 2 Crypto Is the Best Buy ... - The Motley Fool

Lucas Outumuro, Head of Research at crypto analytics startup IntoTheBlocks (ITB), recently published a blog post titled Estimating the Impact of Ethereums Shapella Upgrade, in which he analyzes the short to medium-term effects of the upcoming $ETH unlocks. In his post, Outumuro breaks down the dynamics of the Shapella fork, the likely outcomes for different industry players, and its implications for the Ethereum network and its native asset.

Outumuro explains that the Shapella fork, set for April 12, 2023, marks the culmination of Ethereums transition to proof of stake (PoS), with validators able to begin the process of withdrawing over $34 billion in staked funds. He acknowledges the uncertainty and lack of understanding surrounding these withdrawals and aims to shed light on the process.

The Shapella fork consists of two conjoined upgrades: Shanghai, which includes Ethereum Improvement Proposals (EIPs) related to the execution layer, and Capella, a major update to Ethereums consensus layer. The most notable EIP set to be implemented in Shapella is EIP-4895, which enables validators to start withdrawing their staked ETH in two categories: partial withdrawals (staking rewards only) and full withdrawals (initial deposits and profits).

Outumuro delves into the key actors in the staking industry and how the Shapella fork affects them. Liquid Staking Derivatives (LSDs), which currently make up over 35% of all ETH staked, are expected to see net inflows after Shapella due to their liquid nature and lack of exit queues. Unidentified validators, a heterogeneous group, are likely to withdraw some ETH but not necessarily sell it, as many may be long-term ETH believers.

American centralized exchanges (CEXs) like Coinbase and Kraken, which hold nearly 20% market share of ETH staked, are likely to experience the largest withdrawals following the Shapella fork due to government intervention. Some of their users may sell their assets, while others may withdraw the ETH and hold it or move it into LSDs.

Staking services, which manage validators on behalf of clients, are expected to conduct partial withdrawals to cover their operating costs, but full withdrawals are less likely. International crypto exchanges could see net inflows and some selling.

Outumuro suggests that the dynamics of the Shapella fork could lead to a reshuffling of market share between industry players. While withdrawals might decrease the amount of ETH staked in the days after Shapella, several factors could lead to an increase in the following weeks.

Coinbases Head of Staking predicts that the amount of ETH staked will follow a J-curve, declining before climbing. This is due to the elimination of technical and economic risks associated with staking after the Shapella fork. Outumuro also notes that the percentage of ETH supply staked is significantly smaller compared to other PoS chains, which could change after the fork.

As the risks associated with staking are reduced, retail and institutional investors might be more inclined to stake their ETH. This could lead to an increase in the amount of ETH staked over time, potentially reaching 25%-30% within a year, making the Ethereum network more secure and reducing the available ETH supply to be sold.

More here:

What to Expect from Ethereum's Shapella Fork: Insights from ITB's ... - CryptoGlobe

Fabian Vogelsteller, an Ethereum veteran who helped shape the ecosystem in the early days, is taking on a new venture a blockchain to succeed where he says others have failed, in catering to creative, fashion-oriented and art-world types.

One of the 39-year-old, self-taught German programmers most significant contributions to Ethereum was the invention of ERC-20, the blueprint for creating tokens that are compatible with the blockchain. That innovation led to the infamous initial coin offering boom of 2017-2018. Several of the biggest tokens by market capitalization are based on the standard, including Uniswaps UNI, Shiba Inus SHIB and Arbitrums new ARB.

Vogelsteller is now turning his attention to a new project, LUKSO, a soon-to-be-launched layer 1 blockchain that he says is designed for the creative economy. It would compete with Ethereum itself, by far the dominant smart-contracts blockchain with a market capitalization of $217 billion.

The explosion in NFTs for everything from collectibles to art and music, along with a plethora of imagined metaverses, is a good reflection of the potential for creative-type applications on the blockchain, according to Vogelsteller. But he says the systems are nowhere near maturity and not easy enough to use.

One of the advantages for starting a new network was thinking about how we can improve the basic direction of the blockchain, Vogelsteller told CoinDesk.

Just like Ethereum was born out of Bitcoin, LUKSO will be born out of Ethereum, Vogelsteller told CoinDesk: We use Ethereum as an on-ramp in a way, like Ethereum used the Bitcoin network.

On LUKSO, the Genesis Validator Deposit Smart Contract will allow users to deposit LYXe, an ERC-20 token that went live in a reversible ICO round in June 2020, to become a genesis validator. (Once the mainnet goes live, LYXe will be converted to LYX, the native token for LUKSO.)

Each validator on the LUKSO blockchain needs to lock up 32 LYXe in order to participate in the block validation process similar to the 32 ETH thats required to be staked on Ethereum to participate as a validator.

According to Vogelsteller, whats stopping Ethereum from becoming adopted on a mass scale is that the applications aren't making the user experience easy. Its hard for the average person to understand what address belongs to which wallet, and it takes effort to follow the movement of transactions on the chain. To solve this, LUKSO will introduce a comprehensive all-in-one profile that brings on-chain activity under a single entity, known as a universal profile.

Vogelsteller was born in the tiny German town of Unterwirbach in Bavaria where he says he never really fit in. He moved to another small city in southwest Germany where he finished his studies at Schmalkalden. He studied media design at the Bauhaus University in Weimar.

I never studied computer science or anything technical. Everything I know I learned by myself coding websites since I was 14, Vogelsteller said.

In 2013, Vogelsteller first learned about blockchains. He also happened to meet the original Ethereum team a day before their pre-sale. Six months later, Vogesteller started working for the Ethereum Foundation in Berlin, where he built the first Web3 browser, the first Ethereum wallet and other developer tools.

During his time at the Ethereum Foundation, Vogelsteller, together with Vitalik Buterin, co-founder of the Ethereum blockchain, pioneered ERC-20, which created a set of rules that tokens on Ethereum blockchain have to adhere to, making it easier for developers to know how any new ERC-20 token will behave.

Buterin had originally proposed an initial token standard in 2015, but Vogelsteller looked at the proposal, changed a few things and proposed ERC-20 to the Ethereum community to initiate a conversation. It was adopted in September 2017 and remains the de facto standard for fungible tokens on Ethereum.

Vogelsteller also first introduced the concept of a blockchain-based identity on Ethereum in 2017, known as ERC-725. It gave protocols the ability to create decentralized identity standards on Ethereum. While the Ethereum standard didn't take off like ERC-20 did, projects like Origin Protocol implemented the standard.

By 2018, Vogelsteller left the Ethereum Foundation to focus on LUKSO and improve on standards that he proposed during his time working on the Ethereum blockchain.

Now, Vogelsteller has drawn inspiration from the decentralized blockchain identity standard he created for Ethereum, but has turned that into a series of LUKSO Standard Proposals, or LSPs, and the blockchain account at the heart of the ecosystem known as LSP0.

LSP0, which turns ERC-725 into a smart contract-based profile, tackles the functionality and makes profiles more user friendly on the blockchain. It combines a crypto type wallet, similar to an Ethereum account, with smart-contract storage. In addition to having a regular crypto account attached to these profiles, users can link to any public information they want, like their Twitter account or non-fungible tokens.

On LUKSO, users, organizations and teams can create any profile they wish to identify themselves as in Web3; the profile also would act as their blockchain account, making the user experience more seamless.

On Ethereum, if you hold a regular account, known as an "externally owned account," its impossible to add information like the users name, age or other information to the public key address, meaning aspects of identity cannot be integrated into the protocol layer.

And while crypto users often enjoy using aliases or being anonymous, having easy ways to identify what a user presents themselves online with their on-chain activity is missing. Vogelsteller believes that universal profiles solve this.

It can be a wallet, but it's way more than that, Vogelsteller told CoinDesk. It is a whole profile. It has a name. It has a picture. It can be managed by multiple devices, by multiple keys, with different levels of permission.

The universal profiles also get "key managers," which can let users add multiple keys to their on-chain account that are assigned or execute different actions. The key manager checks which key can do what on the universal profile and can restrict specific activities of certain devices. In addition, having these multiple keys enables some kind of backup system in the event that a user loses access to a key.

There could be benefits for decentralized autonomous organizations, online stores, services or anti-money-laundering and know-your-customer processes required by authorities; organizations are able to store, use and cross-check the public information of a universal profile.

The idea of LUKSO is to become a whole ecosystem for creatives. Vogelsteller said LUKSO is building a whole toolset and ecosystem and marketplace around NFTs using universal profile on the base, making it easier to identify creatives and their profiles, and their works on the blockchain.

While the hype these days seems to be around layer 2 scaling tools for Ethereum, Vogesteller argues that LUKSO needed to be its own network.

He argues that the network capacity of these popular layer 2s and Ethereum is full. Mainnet is full, and it's expensive," he said.

LUKSO isn't the first blockchain to work on identity issues. Ethereum scaling project Polygon recently came out with Polygon ID, which uses zero-knowledge technology that allows users to verify their identities without revealing sensitive information. Other protocols like Ethereum Name Service exist to help connect domain names to users wallet addresses, making crypto addresses more identifiable.

When you put the profile on the blockchain, everything you do now with your profile is literally happening on the blockchain. So there's a lot more things you can do now, Vogelsteller said.

Read more:

Inventor of Ethereums ERC-20 Token Standard Plans New Blockchain LUKSO for Creative Types - CoinDesk