“Beneath the rivalry on Crypto Twitter, the bitcoin-on-Ethereum trend says more about complementarity than competition. To describe it, an analogy is useful: bitcoin is the dollar, and Ethereum is SWIFT, the international network that coordinates cross-border payments among banks.
To declare bitcoin the winner based on its appeal as a reserve asset is to compare apples to oranges. Ether is increasingly viewed not as a payment or store-of-value currency but for what it was intended: as a commodity that fuels the decentralized computing network orchestrating its smart contracts.
This system is being fueled by a global innovation and development pool bigger than Bitcoin’s. As of June last year, there were 1,243 full-time developers working on Ethereum compared with 319 working on Bitcoin Core. The size of its community gives Ethereum the advantage of network effects.
At the same time, the inclusion of bitcoin in Ethereum smart contracts is inherently strengthening the DeFi system.”
“Markets are driven by central banks, not only their actions but their desire to be an owner of those assets. Their priorities about that ownership when they buy and when they sell are not the same as the classic free-market allocations. And as a result, the capital markets are not free.
Dalio said, the economy and the markets are more driven by the ownership of assets by central banks.”
See Also: Former US Treasury Secretary Larry Summers Expects ‘A Ton of Innovation’ Around Stablecoins
“Transaction volumes for decentralized applications (dapps) hit $12 billion in Q2 of 2020—a $4.5 billion (37%) increase from Q1 of the same year.
Ethereum dapps accounted for 82% of that $12 billion figure, with the majority of value coming from the use of decentralized finance (DeFi) apps.”
“Ethereum is the blockchain of choice for the majority of European startups and corporations involved in the rapidly growing blockchain industry.
Blockchain protocols now have three dominant players with Ethereum, Hyperledger, and Corda accounting for [around] 65% of the protocols used by enterprise blockchain start-ups. These protocols are also favored by corporates which are increasingly bringing blockchain into production.
The researchers also highlighted a big gap between the amount of funds being invested in blockchain startups in the US and Europe. Their data showed that currently there is less than €100 million ($113 million) in assets managed by EU venture capital blockchain funds. In comparison, this figure exceeds $2 billion in the US.”
See Also: Irish Charity Receives $1.1M Grant to Build Blockchain Platform for Aid Distribution
“As we continue to decentralize control of 0x protocol, the platform will take on an identity of its own and our organization will transition into one of the many productive stakeholders moving the ecosystem forward.
As 0x Labs, we aim to build a healthy business on top of 0x while we continue to work towards our vision for 0x as a community owned and operated platform.
As part of the introduction to 0x Labs, we’re also delighted to announce the formation of a special division within our organization, Periscope Trading. Periscope is a crypto-native trading desk that will help surface competitive prices and bring liquidity to DeFi and other nascent p2p markets.”
See Also: Ethereum’s Automation Protocol — Gelato Network launches on Mainnet
See Also: 150 Integrations: What This Milestone Means for ENS
“The Bank of Japan has announced it will begin experimenting with a central bank digital currency, or CBDC, to check its feasibility from a technical perspective.
The bank stated it would ‘check the feasibility of CBDC from technical perspectives, collaborate with other central banks and relevant institutions, and consider introducing a CBDC.'”
🤢🤮
“Pierce’s campaign site states that he is a pioneer digital currency and has raised more than $5 billion for the companies he has founded. His website, sparse on details, does not say if he is seeking a nomination in a political party or if he is running as an Independent.
I, Brock Pierce, am running for President of the United States of America.”
See Also: Campaign Website
The Disrupt 