The cost of using the Bitcoin and Ethereum blockchains is on the rapid decline, as evidenced by a 93%–95% reduction in average transaction fees over the past couple of months. Fees are paid to the miners who process transactions on a typical proof-of-work blockchain. The size of the fee depends on the size of the transaction in bytes and how many transactions a coin has gone through in the past (as these need to be checked every time a coin is moved). Supply and demand for space also dictate the size of a transaction fee since blockchains have limited capacity. …
South Korean crypto company Enjin Wallet has reportedly been appointed by Samsung to back a blockchain wallet in its new Galaxy S10 smartphone, anonymous sources told Asia Crypto Today on Monday, Feb. 25. The anonymous interlocutors provided an image to the outlet that was purportedly posted by Tworld — Korea’s second largest telecom company. The screenshot shows the Enjin wallet being used in the Galaxy S10 for Ethereum (ETH) transactions. The image also features Enjin coin (ENJ) and Basic Attention Token (BAT) — an Ethereum-based token used in digital advertising. Enjin Wallet reportedly used in Samsung blockchain keystore. Source: asiacryptotoday.com …
In a tweet posted by Axie Infinity late Thursday, a lucrative land plot within the monster-battle fantasy nonfungible tokens, or NFTs, game sold for 550 ETH ($2.3 million). Axies are creatures that users command to duel other players, battle enemies, and complete daily quests. They are also NFTs can be bred (minted), bought, and sold freely. ✨A Genesis Land Plot just sold for 550 ETH! That's over 2.3 M USD! Our player-owned Digital nation continues to shock the world pic.twitter.com/SVvAtFNYUF — Axie Infinity (@AxieInfinity) November 24, 2021 The game takes place in the world of Lunacia that Axies inhabit. It …
Yat Siu of Animoca Brands Yat is the executive chairman and co-founder of Animoca Brands, which delivers digital property rights to the world’s gamers and internet users, thereby creating a new asset class, play-to-earn economies and a more equitable digital framework contributing to the building of the open Metaverse. “2021 was the year of NFTs, and in the second half of the year, we saw a growing emphasis on GameFi. This trend will continue well into 2022. Real mass adoption of DeFi will happen via GameFi, which will explode in growth during 2022 as the potential for mass financial inclusion …
Rounding up the last decade, Ethereum co-founder Vitalik Buterin revisited his predictions made over the years, showcasing a knack for being right about abstract ideas than on-production software development issues. Buterin started the Twitter thread by addressing his article dated Jul. 23, 2013 in which he highlighted Bitcoin's (BTC) key benefits — internationality and censorship resistance. Buterin foresaw Bitcoin’s potential in protecting the citizens’ buying power in countries such as Iran, Argentina, China and Africa. However, Buterin also noticed a rise in stablecoin adoption as he saw Argentinian businesses operating in Tether (USDT). He backed up his decade-old ideas around …