The Disrupt Weekend

The blockchain developer says its new tool can spin up decentralized applications in 4 minutes. Alchemy says the Create Web3 Dapp tool (CW3D) is open source.

Our overall mission and vision is to bring blockchain or Web3 to a billion people. The way we really see that happening is by empowering developers. The idea here is you can build your own templates, components, and find features and things that you want.”

Today, we announced Ethereum Mainnet’s first distributed validator! This marks the first phase of Obol’s journey to bringing DVs to Mainnet Ethereum. This huge milestone signals the dawn of a new chapter in Ethereum staking, one that is more secure, resilient, and decentralized for all validators and stakers alike.

The Mainnet DV is running in the homes of core team members spread across 3 continents. Our vision of the future includes validators being shared by participants across the world.

The strong performance of the validator demonstrates the promise of DVT to improve the performance, resiliency, and security of Ethereum validators, especially for those who choose to run validators from home. The successful launching of the world’s first DV comes on the back of 3 years of research, 2 years of development, and 9 months of testing.”

See Also: Altcoins Scaling Base Chain (Video)

“As one of the most popular websites in the world, the popularity and reach of YouTube cannot be understated. From September to November last year, the website ranked only behind Google in terms of use, with 74.8 billion visits on average per month.

Last year, Mohan disclosed in a blog post that YouTube was looking at ways it could possibly integrate Web3 technology, whether by “making YouTube more immersive” by leveraging the metaverse or tapping technology like NFTs.

We believe new technologies like blockchain and NFTs can allow creators to build deeper relationships with their fans.

For example, Mohan wrote that NFTs could be a compelling, ‘verifiable way for fans to own unique videos, photos, art, and even experiences from their favorite creators,’ adding it would allow creators and audiences to collaborate in new ways.

“Maximalist dogma does no one any good. This is worth examining because digital asset allocations may now be poised for a revolutionary shift towards the Ethereum blockchain. Bitcoin (BTC) miners, in particular, may face a new opportunity as Ethereum’s potential value is unlocked.

Ethereum, at first glance, may seem like an unlikely contender to add value to bitcoin miners. However, a PoS model for consensus allows Ethereum validators to receive passive ether (ETH) rewards, something currently not possible with Bitcoin. The mining sector is sitting on massive bitcoin reserves that have limited use as a financial instrument, outside of converting to cash to cover operations, and holding for the long term.

A PoS blockchain like Ethereum can serve as a welcome complement to bitcoin mining operations. Bitcoin rewards can be converted to ETH, and then staked for rewards. Staked ETH can function like an interest-bearing asset, with balances compounding over time. This creates a flywheel-like effect between the two largest digital assets. From there, miners can devise additional creative ways to derive value. What might initially serve as a treasury management tool could, through innovation and development, become an additional line of business.

Both concepts, proof-of-work (PoW) and PoS, can work in tandem. Bitcoin miners are in a unique position to realize how the two can complement one another to drive revenue, monetize stranded energy and realize the future of decentralization.”

The basis of coming global crypto rules will be formed on a new synthesis paper, jointly produced by the International Monetary Fund (IMF) and the Financial Stability Board (FSB), announced India as the holder of the Group of 20 (G20) Presidency in Bangalore on Saturday. The synthesis paper will be submitted during India’s G20 Presidency which culminates in September when India hosts G20 leaders from around the world.

First of all we are going through the study process so that their can be informed discussions.

The announcement came after three days of meetings in India among the 20 largest economies of the world, collectively known as the G20, in which creating a global regulatory framework for crypto was a priority.”

See Also: Crypto’s Banking Problem: Industry Needs Access but US Regulators Keep Digital Assets at Bay
See Also: Classifying Digital Assets With A New Framework: Datonomy

“The Solana network’s deep freeze continued Saturday as validators were preparing a second restart attempt that they hoped would restore service to users of the blockchain.

The chain’s block production has ceased and transactions aren’t processing or being validated. For users of the chain, it means they can’t. Their on-chain crypto assets are unmovable, frozen in place until critical backend infrastructure comes back online.

By evening New York time, validators running Solana’s infrastructure had long since concluded that the best way to right the chain would be to synchronize a restart and fork the chain. A first attempt was abandoned when validators realized they picked the wrong point at which to restart, further lengthening the delay.

Hours into the crisis key voices in the Solana ecosystem were still looking to identify a culprit. One leading theory was that a “fat block” gunked up the blockchain’s mechanics. Notably, the network was moving to an upgraded version shortly before its troubles began.”

See Also: Solana Network Stumbles, On-Chain Trading Slows After ‘Forking’ Incident