In the case of such major efforts, it also often makes sense to experiment with different monetary policies; Ethereum’s ether has a linear issuance model that constantly releases a certain fixed number of currency units every year, whereas Ripple released all 100 billion units of XRP to the Ripple organization all at once, and the organization is releasing them over time to developers, investors and people participating in distributed computing projects. For everything in the middle, it’ll be up to a case-by-case basis to figure out. For a fork that is intended to serve as a major protocol change, like upgrading from SHA256 to SHA3 or in the case of quantum computers from ECDSA to Lamport signatures or NTRU, it definitely makes total sense. For entire new ecosystems, it’s likely not the right approach; it makes little sense for a completely independent network like Ripple or bitcoin
Ethereum to tie its main internal token to Bitcoin
financially and have the two be exposed to each other’s price movements. It will be interesting to see what applications that niche works best for.
In some instances, a further payment linked to site revenue may also be available. This reduces risk while guaranteeing the landowner an income stream for the term of the agreement. At Anesco, for example, we offer competitive rental payments, which are also RPI linked. The most popular option for landowners is to lease land to a developer in return for a guaranteed long-term rental income.
Crypto is supposed to be special, i.e., not like other markets — at least if you listen to its boosters. It’s felt pretty spectacularly unspecial lately. When it comes to crypto, all the questions sort of boil down to one: What, actually, is the point of it? But what if it’s not?
By far, the innovation with the most impact in the Web3 world this year is the sidechain. They are investing hundreds of millions into these new implementations — and with good reason. The highest-volume blockchain providers in the world — Binance, Polygon, Ankr and Avalanche — have all recently released sidechain functionality.
StraitsX is a Major Payment Institution licensed by the Monetary Authority of Singapore (MAS). StraitsX stablecoins XSGD & XIDR are pegged to the SGD & IDR and run on Ethereum, Polygon & Zilliqa blockchains. We enable fast and safe access to digital assets markets and decentralised finance applications through StraitsX APIs and stablecoins for individuals and businesses.
There’s quite a bit of predatory behavior, too. In some NFT markets, there’s a lot of wash trading going on, where individuals buy and sell to themselves. Pump-and-dump schemes aren’t uncommon, and oftentimes, people who think they’re going to be the pumpers end up being the dumpees. There’s a term — rug pull — for when developers disappear with investors’ money. The value of many cryptocurrencies and tokens is derived largely from belief. Some projects look similar to multilevel marketing, pyramid schemes, and Ponzi schemes.
When we jumped into the fray with our own mix of ten tokens to potentially invest in — and of course you should DO YOUR OWN RESEARCH — the thought was as follows: get a basket of tokens and ride out the 2022 market with it.
Polygon becomes StraitsX's third officially supported blockchain, after Ethereum and Zilliqa. XSGD & XIDR (Polygon) feature fast and efficient transactions, significantly more cost-effective than on the Ethereum network. A Layer 2 solution, Polygon runs decentralized applications (dApps) built for Ethereum, enabling developers to quickly scale dApps to run on faster, more efficient infrastructure and accelerate access to Web3, decentralized finance (DeFi) and NFT markets.
Editor’s Note: We decided to hand cryptocurrency the reins over to a guest columnist, Lawrence James, who lives in Sub-Saharan Africa and has become a fan of Metacoin. We asked him to take another look at Dave’s conversation with Jim Rogers, and see what his thoughts were after the fact.
It is fairly easy to implement in a protocol like Ethereum, because it is specifically designed for contracts, but Bitcoin’s scripting functionality does not allow for the existence of contracts that have internal state, so doing this inside of Bitcoin
would require a very substantial change to the Bitcoin 1.0 protocol. This would solve the security problem, but has one important flaw: it cannot be done within the Bitcoin protocol as it stands. Ultimately, the approach taken by Austin Hill and Adam Back may not look exactly like either of these strategies; however, the sheer complexity of the problem shows that there are still many challenges that lie ahead.
We're delighted to welcome StraitsX to the Polygon ecosystem and recognize the immense utility they'll bring -- particularly within Polygon's expanding DeFi ecosystem. Hamzah Khan, Head of DeFi and Labs at Polygon, said: "StraitsX's stablecoins are some of the most-utilized in the cryptocurrency space, particularly outside the U.S. We look forward to providing the infrastructure that allows the project to flourish in the coming months and years."