And that’s before NFTs even enter the picture. Creating an NFT, as with any transaction on Ethereum, is both cost-intensive and bad for the environment. Let’s not forget that, whatever Vitalik Buterin’s utopian plans might have been, his brainchild still runs on a proof-of-work protocol, so minting 10 million NFTs right now would cost $331,200,000 – much of that going into … [Read more...] about Can NFTs Be Issued at Scale?
Scale
Piers Ridyard from Radix on how to scale blockchains and the future of DeFi
Layer-1 blockchains are having somewhat of their own internal war in crypto circles these days, with the likes (and communities) of Ethereum, Solana, Cardano, Elrond, NEAR, and several others going at it on Twitter and Discord daily.A bit away from the action—and with its own fan following—is Radix, another layer-1 blockchain in development since 2018. During tests in that … [Read more...] about Piers Ridyard from Radix on how to scale blockchains and the future of DeFi
How to Scale the DeFi Derivatives Market
However, in the derivatives market this is more challenging. In response, several different protocols have been created. One solution is the creation of on-chain perpetual liquidity, through a virtual liquidity machine to create a constant product that can supply long and short liquidity. This model eliminates liquidity provider risks by cutting out the role of the liquidity … [Read more...] about How to Scale the DeFi Derivatives Market
Tether, Bitcoin and Chinese Commercial Paper at Scale
For critics of Tether, the new economy of digital assets is based on the world’s oldest profession: real estate speculation.Crypto markets took a dip Thursday just around the time it was reported that China’s Evergrande Group was on the verge of defaulting on a bond payment. While the embattled housing giant ultimately made its scheduled payment of $148 million, questions … [Read more...] about Tether, Bitcoin and Chinese Commercial Paper at Scale
Cardano prepares to scale with Hydra upgrade as network reaches 2M wallets
In a tweet posted by the Cardano Foundation on Monday, the number of Cardano (ADA) wallets has surpassed the 2 million mark. The network reached the previous milestone of 1 million ADA wallets on May 22, 2021.During that period, the Cardano Foundation successfully implemented the Alonzo hard fork, enabling smart contracts on its network. Meanwhile, Charles Hoskinson, Cardano's … [Read more...] about Cardano prepares to scale with Hydra upgrade as network reaches 2M wallets