Surging prices, anticipation, and steady coin interest round out today’s headlines.
Eth2 Now Locks over $3.1 Billion
Ethereum is one of the most closely watched projects for good reasons. It checks all the boxes and enjoys a first-mover advantage. Beyond that, it is the home of DeFi. When it comes to user experience, many are easily put off by expensive networks.
Unfortunately, Ethereum is one of them. It is presently transiting to Eth2 after activating the Beacon Chain mainnet on Dec 1, 2020.
Recent metrics indicate that there are now over 76k validators tying $3.1 billion of ETH. To activate, one of the minimum requirements is to stake—or lock, 32 ETH or around $40k at spot rates.
For holders, this fan bulls and a reason why analysts expect even higher prices in years to come. With more validators locking up their assets—despite declining rewards, the scarcer ETH is.
Twitter Founder Thinks Bitcoin is the Answer to Censorship
Jack Dorsey admits that tech companies, including Twitter, are growing too powerful.
He thinks Bitcoin is the answer to this, praising Bitcoin’s architecture, which he says ought to be the framework that tech companies can adopt.
Jack said their decision to ban President Donald Trump—who was impeached for the second time was right but set a dangerous precedence.
He said this about Bitcoin:
“The reason I have so much passion for Bitcoin is largely because of the model it demonstrates: a foundational internet technology that is not controlled or influenced by any single individual or entity. This is what the internet wants to be, and over time, more of it will be.”
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