Decentral Block Post
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How to bake your own DAO at home — With just 5 ingredients!
Decentralized autonomous organizations come in all sizes and flavors. Some can seem sweet; others turn sour. It can be fun and interesting to create one that suits your needs and satisfies your hunger for something new.
We talk to the master chefs — Noam Hof of DeepDAO, Stru Delman of Aragon, and Fabien of Snapshot — who are mixing up new and exciting recipes for participatory goodness that you can bake at home.
A DAO is an online community that collectively controls a cryptocurrency fund to achieve a particular goal — whether buying a copy of the United States constitution or running a DeFi protocol — explains Delman from Aragon, an organization that “midwifes” DAOs and has helped usher almost 4,000 DAOs into existence.
“The idea is attempting to automate as many exchanges between people as possible and making it trustless so you don’t need to trust people,” Delman explains. “This makes it easier to collaborate with people that you meet online or to create a global team.”
You’ll need a good idea and a recipe for how to achieve success. Is it going to have the substance to make a fulfilling meal, or will it collapse like a badly done souffle?
What the fork? Ethereum's potential forked ETHW token is trading under $100
An Ethereum fork token that does not yet exist, dubbed ETHW, is trading under $100 across several crypto exchanges after debuting at $30.
ETHW and ETHS begin trading
ETHW is the native asset to the ETHPoW chain. ETHPoW, for now, is a possible new chain backed by proof-of-work (PoW) miners as the original chain switches to proof-of-stake (PoS) consensus in September's "Merge" event.
Meanwhile, the proof-of-stake version ETHS is trading at around $1,600, or the difference between the ETH price and the ETHW price.
As a result of this potential chain split, anyone holding a certain number of the original chain's Ether (ETH), will automatically receive an equal amount of ETHW tokens. Such speculations have prompted some exchanges to list ETHW for trading in advance.
For instance, Poloniex announced support for both ETHW, as well as ETHS, the PoS chain token, listed for trading against Ether.
What the fork? Ethereum's potential forked ETHW token is trading under $100
An Ethereum fork token that does not yet exist, dubbed ETHW, is trading under $100 across several crypto exchanges after debuting at $30.
ETHW and ETHS begin trading
ETHW is the native asset to the ETHPoW chain. ETHPoW, for now, is a possible new chain backed by proof-of-work (PoW) miners as the original chain switches to proof-of-stake (PoS) consensus in September's "Merge" event.
Meanwhile, the proof-of-stake version ETHS is trading at around $1,600, or the difference between the ETH price and the ETHW price.
As a result of this potential chain split, anyone holding a certain number of the original chain's Ether (ETH), will automatically receive an equal amount of ETHW tokens. Such speculations have prompted some exchanges to list ETHW for trading in advance.
For instance, Poloniex announced support for both ETHW, as well as ETHS, the PoS chain token, listed for trading against Ether.
The Reserve Bank of Australia to explore use cases for CBDC
The pilot project will last a year, and the details for potential participants will be published in the next few months.
GameFi and crypto 'natural fit' for game publishers: KBW 2022
Korean experts believe that crypto would play a major role in the gaming ecosystem, and within the next 3 years, the majority of games might have an in-game crypto economy.
Bitcoin realized price bands form key resistance as bulls lose $24K
Significant whale activity between $22,000 and $24,800 adds to the complexity of the current spot market setup.
Bitcoin realized price bands form key resistance as bulls lose $24K
Bitcoin (BTC) consolidated lower on Aug. 9 after familiar resistance preserved a multi-month trading range.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBitcoin navigates whale price ladder
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD falling under the $24,000 mark overnight after rejecting near $24,200.
The pair had seen swift gains to start the week but momentum faded as the top of the trading range in place since mid-June came closer.
As such, bulls failed to reclaim new ground or even match the highs seen at the end of July, and the status quo thus continued. At the time of writing, BTC/USD was consolidating near $23,800.
For on-chain analytics resource Whalemap, it was realized price that was now forming major levels to overcome.
Korea Blockchain Week, Aug. 9: Second-day takeaways from the Cointelegraph team
Discussions about the Metaverse dominated the final day of Korea Blockchain Week’s mainstage conference.
Bitcoin.com to introduce Bitcoiners to decentralized finance: KBW 2022
Corbin Fraser, an executive at Bitcoin.com, told Cointelegraph that they are also planning to release a prepaid debit card that rewards users with crypto.
Bitcoin.com to introduce Bitcoiners to decentralized finance: KBW 2022
Corbin Fraser, an executive at Bitcoin.com, told Cointelegraph that they are also planning to release a prepaid debit card that rewards users with crypto.
Bitcoin.com to introduce Bitcoiners to decentralized finance: KBW 2022
Corbin Fraser, an executive at Bitcoin.com, told Cointelegraph that they are also planning to release a prepaid debit card that rewards users with crypto.
BitMEX former executive pleads guilty to violating the Bank Secrecy Act
Gregory Dwyer becomes the last one from the exchange’s management to enter a plea.
KBW 2022: Digital property rights key to thriving Web3 economy — Animoca’s Yat Siu
Robust property rights in the physical world are one of the key indicators of a wealthy economy — and that’s exactly what digital property rights enable in Web3, says Animoca's co-founder.
Ready Player One gave us the misconception that the Metaverse is VR — Everyrealm CEO, KBW 2022
Steven Spielberg’s ‘Ready Player One’ presents an unrealistic glimpse into life in the metaverse, Everyrealm CEO Janine Yorio told an audience in Seoul.
Axie Infinity looking to 'double-down' on Korean market: KBW
Sky Mavis co-founder and growth lead Jeffrey Zirlin says Axie Infinity wants to double down in South Korea, which they see as one of the most important gaming markets in the world.
Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report
"Greater clarity" around the Merge has driven institutional inflows into Ethereum products, according to a CoinShares report.
Institutions flocking to Ethereum for 7 straight weeks as Merge nears: Report
Institutional investors are piling into Ether- (ETH)-based digital asset funds, which have recorded seven straight weeks of positive inflows, according to the latest CoinShares report.
Said inflows reached $16.3 million last week, adding to a total of $159 million in inflows over the last seven weeks.
CoinShares Head of Research James Butterfill on Monday said the rise in market sentiment for Ethereum-focused products is largely due to “greater clarity” relating to the upcoming Merge, which is set for Sep. 19, with Butterfill stating:
“We believe this turn-around in investor sentiment is due to greater clarity on the timing of The Merge where Ethereum shifts from proof-of-work to proof-of-stake.”
The Merge will see the Ethereum mainnet merge with the Ethereum 2.0 Beacon Chain, which will complete the transition from proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. The PoS consensus mechanism is expected to make Ethereum more secure, energy efficient and environmentally friendly.
F2Pool co-founder responds to allegations it's cheating the Ethereum POW system
The response comes after researchers in Israel alleged the mining pool has been manipulating Ethereum block timestamps to obtain higher mining rewards.