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The Science DAO — Science, Scientists, and Blockchain!

For decades, the global scientific community has struggled to gain traction as most innovators had to make their way through bureaucracy for their innovations to come to light.

Web2 and its social platform offered a fresh start to these innovators as they had a platform to directly reach an audience larger than ever before. However, there is still a major hurdle to conquer: getting their inventions and innovations funded for further development.

Of course, fundraiser websites such as KickStarter, Patreon, and Crowd.Science for scientists and inventors offer them a means to raise funds. Nevertheless, there is a myriad of downsides plaguing these platforms, starting with poor media exposure and discoverability of innovations, a lack of a loyal community, high commission fees, and proposal success rates at an all-time low dropping from 30.5% in 1997 to 18.3% in 2016 and continuing to plunge.

Some blockchain and crypto enthusiasts are of the opinion that such drawbacks and complications can be solved in the Web3 space.

Enter The Science DAO — A Decentralized Think Tank!

Ethereum has revolutionized blockchain by decentralizing finance and enabling transactions of billions of dollars to pass from peer to peer on a trustless network. Its concept of smart contract has given birth to a new world of management and governance of companies (a.k.a. projects) — decentralized autonomous organizations (DAOs).

In short, DAOs are like companies but on the blockchain, and all decisions are made by their token holders, who are essentially the “shareholders” of the DAO.

The Science DAO, launched by Yasha, is a decentralized autonomous organization built on the Ethereum blockchain that seeks to leverage the community-building strength of DAOs to create a strong and loyal group of creatives and brilliant minds.

InuYasha has launched three other projects to date — Guzzler, Cliff, and Pochi Inu — all of which have been tremendously successful and have raised millions of dollars. With a track record of 3-on-3, it is reasonable to expect a positive outcome from the launch of The Science DAO.

The Science DAO’s vision stems from the challenge that has long plagued the scientific community — the lack of community support for innovators for their disruptive inventions and emerging technologies. The project’s idea is that these like-minded people would fall under the same roof to support investors and propel scientific innovation by raising funds unanimously.

Workings of The Science DAO

The workings of The Science DAO are quite intuitive. To obtain funds for any innovation or project, the person would first have to submit their project to the DAO.

The project is then scrutinized by the members of the DAO, following which they vote on the same. Like most other DAOs, each governance token is considered to be 1 vote.

Post-approval of the project, the DAO creates a corresponding NFT that represents the fundraiser. All proceeds from the sales of these NFTs (minting and secondary market sales) go toward the development of the project.

There would certainly be a significant number of rejected projects, but even in such cases, the innovators can still raise funds and be incubated by individuals within the DAO.

One of the key reasons why blockchain enthusiasts are backing this DAO and are hyped about it is its target demographics. While the average Joe can get his hands on the DAOs governance token on the open market, the tokens would be primarily distributed to individuals in institutions, universities, and scientific funds.

Further, the tokenomics in their white paper specifies that no wallet can hold more than 1% of the total token supply, i.e., 1 billion of the total 100 billion tokens. This is a strong indicator as it is an attempt to keep whales at bay.

A DAO of Today for the Science of Tomorrow

Emphasized on its website, The Science DAO’s mission is to help fund disruptive and game-changing innovations with the help of Web3 and make cutting-edge technology accessible to the general public faster than ever!

One of the biggest benefits that the scientific community could possibly enjoy, thanks to The Science DAO, is the extreme fast-tracking of the ever-loved but dreadfully slow peer-review process.

 

Image: Pixabay

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K-Pop & NFTs: A New Binance Deal Shakes Up Audio On The Blockchain

A new partnership has emerged in the NFT world between global crypto exchange Binance and South Korean entertainment company YG.

Let’s dive into both properties, and how they are striving for a more eco-friendly and sustainable framework for the future non-fungible token (NFT) collaborations.

      Related Reading \ TA: Ethereum Holds Strong At $2.5K: Indicators Show Fresh Increase

A Look At The Binance & YG K-pop Partnership

In this new partnership, Binance will provide the executional assets around the NFT platform and surrounding technological infrastructure, while YG will supply NFT content and gaming assets. The two companies said that creating eco-friendly NFTs will be one of the primary focal points for future collaborations, with a goal of bringing K-pop stars to the metaverse.

This week’s announcement states that the memorandum of understanding (MoU) will reportedly give Binance access to develop digital assets based on the intellectual property associated with these artists.

BNB:The Binance chart can be found on Tradingview.com. | BNB:USDtradingview.com

In a statement to the press, global head of Binance NFT Helen Hai said that the platform will be working “closely with YG to create an eco-friendly ecosystem for NFTs.” She added that the company believes “that it is important to promote the use of sustainable blockchain platforms.”

YG CEO Bo Kyung Hwang shared Hai’s sentiment, adding that the companies hope to “steadily build an innovative and eco-friendly NFT ecosystem.”

K-pop Meets NFT: Round 2

K-pop, short for Korean pop music, represents a large chunk of money in the Korean entertainment industry; roughly $4B is generated from this genre alone each year, making it one of the biggest in the world. YG manages a number of notable K-pop stars, including Blackpink, Big Bang and Winner.

This isn’t the first time k-pop and NFT’s have met up; back in November of last year, Hybe, a Korea-based entertainment label, partnered with the largest cryptocurrency operator in South Korea, K, which hosts the popular cryptocurrency exchange Upbit. The two properties launched a joint venture that focused on creating and marketing NFTs, tied to Hybe’s roster of artists. Animoca Brands, a growing player in the NFT and play-to-earn space, also announced it would partner with Korean record label Cube Entertainment to build a “k-pop metaverse.”

YG has its hands full with some of k-pop’s biggest stars, so this won’t be hard for the fans to find nor follow, as k-pop has some of the most die hard fans. It’s only a matter of time before both worlds collide, and the k-pop industry taps into the new NFT gold rush.

While some k-pop integrations have had luke-warm reception, it’s hardcore and loyal audience seems ripe for NFT adoption if audio-based NFTs and music-first metaverse plays are truly hear to stay. Only time will tell if this latest deal will have staying power in the market.

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Environmental Debate: New York Crypto Mining Plant Permit Delayed

The New York State Department of Environmental Conservation (NYSDEC) has delayed its decision whether it will allow crypto mining firm Greenidge Generation to continue to use its power plant in the town of Dresden for bitcoin mining, according to a recent report from Bloomberg.

The decision by the state’s Department of Environmental Conservation will now come by the end of March.

Related Reading | Why Bitcoin Could Hit $90K By The End Of 2022, According To This Prediction

New York & The Environmental Debate

The decision is now expected to come by March 31, two months later than originally planned, the report said. The delay will reportedly help NYSDEC complete its review with public comments, citing a spokesperson’s position on the matter. On December 2, U.S. Sen. Elizabeth Warren (D-Mass.) questioned the environmental footprint of Greenidge Generation’s (GREE) bitcoin mining operation in New York in a detailed letter.

The senator later targeted six more crypto miners, questioning their energy usage. On January 16, Greenidge said that due to high electricity demand resulting from recent cold weather, the company temporarily curtailed cryptocurrency mining operations in Dresden the day prior. This was done to supply all its electrical generation capacity to the New York Independent System Operator. The miner applied last year to renew its permits for the plant, the first time it’s come up for renewal since it has been powering bitcoin mining operations.

BTC: Bitcoin, after hitting all time high of 69k in November 2021, has fallen almost half since, but could be back on the road to recovery. | BTC:USDtradingview.com
Could Extreme Weather Cause Further Delays?

Crypto mining has had major pushback from many people and environmentalist groups over the years. New York’s power grid could face challenges in the 2021-2030 period, including higher demand spurred by extreme weather and delays in planned projects, the state’s power grid operator said in a public statement earlier this month. Reporters, analysts, and others chimed in on how things are going, and the impact on progress for crypto and the environment it operates in.

“Governor Hochul is taking bold, nation-leading actions to confront climate change head-on, and DEC (the Department of Environmental Conservation) is actively reviewing proposals regarding the role of cryptocurrency mining in New York’s energy landscape, especially in light of the Climate Leadership and Community Protection Act,” stated spokesperson Madia Coleman said in a statement. The act Coleman references is the state’s climate law mandating steep emissions reduction over the next three decades.

Policy advocate Liz Moran put in her thoughts on the bill and how it will effect things moving forward. “A moratorium on fossil fuels is a common sense first step, but we would like to see the state go farther and evaluate the potential environmental harms of the industry as a whole.”

The New York Independent System Operator (NYISO), in its comprehensive reliability plan (CRP), also said during normal weather conditions that its power system is expected to meet all applicable reliability standards during that period. As time moves on, we will learn more about the bill and if it will cause delays or all out stop fossil fuel crypto mining.

Related Reading | Will Crypto Mining Survive Another Government Crackdown?

 

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Crypto Winter: An Investor’s Big Fear…

It’s been a challenging few months for crypto investors since Bitcoin fell from its all time high of 69k; on top of that, many coins have followed in BTC’s price action footsteps.

The entire crypto market has shed more than $1 trillion in value since, and many experts believe more is to come and that this will not be the last of the wave; many people scramble to get a grasp onfwhat’s to come and if we will fall into another dreaded crypto winter.

Related Reading | Downward DOGE: Descending Dogecoin Pattern Predicts Deadly Drop

Cold World For Crypto…

The entire crypto market has lost roughly $1 trillion in value since November, around the time of bitcoin’s all-time high, and other tokens such as ether and solana followed the number one digital currency to trade sharply lower. Ethereum has more than halved in value since reaching its peak in November, while Solana has suffered an even steeper decline, falling 65 percent. Back in 2018, bitcoin went through what many now refer to as ‘crypto winter,’ which saw witness to an 80 percent drop in bitcoin; could this be another case of the current price action

BTC: Bitcoin fighting to break 40k after hitting all time high in November 2021. | BTC:USDtradingview.com

David Marcus, the former head of crypto at Facebook (now Meta), appeared to suggest that he believes a crypto winter has already arrived. In a tweet earlier this week, he said: “It’s during crypto winters that the best entrepreneurs build the better companies. This is the time again to focus on solving real problems vs. pumping tokens.”

Nadya Ivanova, chief operating officer at the BNP Paribas had an opposing thought on a crypto winter, stating that “over the last year — especially with all the hype in this market — a lot of developers seem to have been distracted by the easy gains from speculation in NFTs (non-fungible tokens) and other digital assets. A cooling off period might actually be an opportunity to start building the fundamentals of the market,” Ivanova told CNBC’s “Squawk Box Europe.”

Hopes Of A Better Day…

Many coins are suffer the same fate as equities as large suffer, most notably the stock market; many investors are faced with fears of hard federal regulations and interest rate adjustments that might hurt more that help if you came up big this last year. The U.S. central bank is considering making such moves in response to surging inflation, and some analysts say it could result in the end of the era of ultra-cheap money and sky-high valuations — especially in high-growth sectors like tech, which benefit from lower rates since companies often borrow funds to invest in their business.

Vijay Ayyar, vice president of corporate development and international at crypto exchange Luno, thinks the recent slump in crypto is more of a “correction” than a sustained downturn. He also stated that looking ahead, a key level to watch for bitcoin is $30,000. If it closes below that point in a week or more, “that would definitely indicate high likelihood of a bear market,” he said. A decline of around 80 percent from bitcoin’s recent peak would indicate a price of less than $15,000. Ayyar doesn’t think such a scenario is on the table.

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Will Crypto Mining Survive Another Government Crackdown?…

Crypto mining has been an environmental  issue that cant be over looked; World governments have tried to put a lid on it but still have an uphill battle as the popularity of crypto grows.

Will crypto be mining be able to last if the technology still impacts the earth on high levels ? Or will it mold with the time and adapt with the land before governments continue to attack Crypto currency.

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Crypto War With  Mining …

 

China has been in the for front of crypto bans and the war between the two parties only grows and gets more harsh. China slapped a ban on Bitcoin (BTC) mining, trading and crypto services,The Chinese government’s given reason for the Bitcoin crackdown is to reduce its well-documented climate impact. A-lot speculation on other to follow such as turkey and India but one thing we know is china is a huge influencer impact on the way some countries operate to have them ban this is only going to inspire more to follow.

The problem with crypto mining is the carbon footprint it leaves on this planet and how it impacting the natural resources we have left.Currently, less than one-third of global electric power is sourced from renewables. If this share went fully toward cryptocurrency mining, perhaps it could lend it a semblance of sustainability, but it would be little more than a fig leaf.

 

BTC: BTC is currently the largest crypto BTC-USD on TradingView.com
Grabbing At The Gold…

After chinas ban it didn’t take long for the US to become one of the leaders in crypto mining with Russia and many to follow, This could stem from each countries hunger to become the world leader and first on the crypto train. The United States sprung at the opportunity created by the Chinese ban to become the world’s new mining hub. In Asia, Kazakhstan and Malaysia are ramping up mining operations, as are Germany and Ireland in Europe and Iran in the Middle East, according to recent stats.

The effort to keep crypto mining chugging along is making for some very strange geopolitical bedfellows. Bitcoin was revolutionary when it came out in 2008. It paved the way to a new digital economy. Proof-of-work was a revelation in terms of decentralization and security, but its lack of efficiency presented us with a ticking time bomb. This bomb is going off now.

 

Finding a way to switch out the source and technology used to mine will help it stay alive we are watching and prolonging a demise that has been heaping for a while due to how aware and bug climate change is and the popularity and growth of crypto. Yes the United States is going hard but how long and when will they stop using coins like Bitcoin and look into more energy friendly  projects; we cant assure anything but only look at what’s happening around us as crypto gets big so will the demand and need that will keep mining going but also at war until a new solution is brought up.

Related Reading |Cardano Whales Double Holdings In 10 Days. Will This Stop The Onslaught?

 

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Bitcoin’s Plan To Fix The Crowdfunding Problem?

Crowdfunding has been around for some time now, and although it has been a hard time for some projects to gain funds, bitcoin could be the answer.

Let’s look at the root of the troubles and how crypto could potentially address them.

Related Reading | Downward DOGE: Descending Dogecoin Pattern Predicts Deadly Drop

The In’s and Outs…

Crowdfunding is a practice where you can donate money – including cryptocurrencies such as Bitcoin, Litecoin, and more cryptocurrencies – to projects, associations or people to develop ideas. It is a very powerful mechanism and tool for innovation and supporting social enterprises. Different platforms, such as Kickstarter and Indiegogo have not taken their foot off the brakes; the web 2.0 crowdfunding movement, which has led to the creation of several billion-dollar tech startups, like Oculus, and raised millions of dollars for thousands of causes, is ripe for development.

Crypto crowdfunding has the potential to be a network that connects people and their ideas. Today, crowdfunding is dramatically narrowed by its reliance on legacy finance, which limits the vast majority of the world from accessing it. Although this is good in theory, and has worked thus far, the major issue is the reliance on the legacy financial infrastructure, that is not only costly but globally fragmented.

BTC: Bitcoin bouncing back after hitting all time high in November 2021. | BTC:USD tradingview.com

Most crowdfunding platforms are only found in 30 countries. To date, the costs of operating crowdfunding in this network are very high, due to the many mediating third parties involved. The average crowdfunding platform charges a 7% fee per successful project. Could crypto’s aggressive transaction fees beat out traditional competitors?

Crowdfunding & Crypto: A Pair Of Aces…

Many platforms have had a hard time with the tight reliance of legacy financial infrastructure; this has made some crowdfunding platforms move over to the “web 3.0” model.

One big example is Kickstarter, who has decided to move from its reliance on Stripe to creating its own crowdfunding protocol on other blockchains. This may make sense for equity-based crowdfunding, which can enable the platform and it’s users to invest in new companies and their ideas.

A prime example of these worlds coming together was just last year with Bitcoin Smiles, which raised roughly 1.8 BTC. Bitcoin Smiles was an initiative aiming to raise funds and provide free dental care to impoverished people living in rural areas of El Salvador. Another project that can be used as an example is Kivéclair, a development project that educates people about bitcoin in the Democratic Republic of the Congo.

Although these are only few examples of early crowdfunding in crypto, these do provide a valid source and hope that bitcoin can still rally through its community of caring bulls and bears.

Related Reading | Bitcoin Millionaires Are Flocking To This North American Tax Haven. But What Do The Locals Think?

Featured image from Pexels, Charts from TradingView.com
The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

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RMDS Lab: A New NFT Marketplace For Science And Tech IP…

West-coast based spatial data and analytics firm RMDS Lab plans to create the first-ever dedicated science NFT Marketplace before the end of the first quarter of the year.

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RMDS Lab is known as a data and artificial intelligence (AI) platform based in California, and founded by IBM’s former chief data scientist Alex Liu in 2009 to create a global community of data scientists and researchers, and to promote scientific innovation through data and AI.

As NFTs increased in popularity, RMDS says ‘a huge demand for NFT minting and listing’ played a part in RMDS’ decision to create a way to sell NFTs for research and technology-associated IP.

ETH: Ethereum is leading coin on the blockchain for NFTS. ETH-USD on TradingView.com

The NFT market rocketed almost 43,000% between 2020 and 2021, according to the cryptocurrency exchange Binance. RMDS’ goals in moving into NFT sales are to connect scientists with investors, as well as to link science and technology IP with related collectors, investors and science enthusiasts. The intent is to provide new fundraising channels for science and technology projects, and accelerate technology development. NFTs have mostly been art and music based, with gaming and literature joining in at times as well.

Liu explained  “for scientists, it is often difficult to get funding, and to get funding through the traditional channels takes a long time.” He added that “NFTs can simplify this and help people to focus more on their real work,” in a statement released by Chemistry World.  “Also, scientists do not have many channels to reach investors, and an NFT marketplace can expand their reach.”

NFTs and science have already made a couple of moves that might of sparked the idea that science can in fact sell NFTs. In June 2021, The University of California, Berkeley announced that they will be auctioning off the patent disclosures behind two Nobel prize-winning discoveries made there by selling them as NFTs. They set aside part of a fundraising effort to support basic research at UC Berkeley; the plan worked out for the better, and the University earned $55,000 from an NFT that was based on James Allisons breakthrough research behind cancer immunotherapy back in the 1990s.

Liu acknowledges that the technology behind NFTs is still evolving and developing to address these environmental issues, as well as security and copyright issues. “We are connected to a lot of experts in blockchain AI, and we want to develop this marketplace,” he stated. “With our talent pool we want to help solve some of these problems and make NFT exchange better.”

The platform is still in developmental stages and is set to be completed by the end of March.

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Solana: A Quick Review And Look Ahead

Solana has had an amazing past 2 years as it became one of the fastest growing altcoins; in 2022, we see how they are doing what many tokens couldn’t and won’t be able to do.

Few fall in the same category as Solana, so let’s take a look at what’s taken the token here, and what may look ahead.

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Briefing Of Solana And It’s Rise During 2021…

Solana in short, is a public blockchain platform. It achieves consensus using the proof of stake mechanism. It’s internal cryptocurrency ticker is SOL. In 2021, Bloomberg journalist Joanna Ossinger described Solana as “a potential long-term rival for Ethereum,” citing superior transaction speeds and lower associated costs.

Last year was a pretty good year for Solana ($SOL) as many early investors saw upwards of 45,000% gains in 2021 – which propelled Solana to being a top 10 crypto. Altcoins had a booming year, and Solana was no exception. The project has a unique blockchain that uses ‘proof-of-stake’ coupled with ‘proof-of-history’. This means transactions are processed in order, which results in very quick, very low costs transactions.

SOLANA hit a 10% drop this past week. SOL-USD on TradingView.com

Solana also made headlines with Visa as they get ready launch their Fast Track program. According to a press release in recent months, Zebec is the first Solana-based project accepted to the Visa program, which has supported companies such as Stripe, Chime, and Crypto.com. Here’s what Sam Thapaliya, founder and CEO of Zebec Protocol, stated regarding the release:

“By joining Visa’s Fast Track program, exciting Fintechs like Zebec Protocol gain unprecedented access to Visa experts, technology, and resources. From payroll to investments, subscriptions, rewards and more, Zebec is completely reimagining every financial transaction by making it programmable and continuous. We’re thrilled to join with Visa to accelerate the process of bringing our innovative payment solutions to millions of users worldwide.”

The Good And The Bad..

Many investors are excited to see what Solana brings to the table, as recent studies show that a survey of 30 random crypto token holders, 10 held Solana’s token over bigger coins.

Despite high rising movement throughout 2021 for many of the biggest names in altcoins, 2022 has been a rough go for most if not all of the top altcoins on the market. SOL’s price has not been kind to bulls of late. Over the past nine trading days, SOL has dropped nearly 30% from the high of nearly $205. With that being said, the selling pressure at the highs was nothing compared to the buying pressure at the lows, and that is a sign of hope for the near future.

Related Reading | TA: Bitcoin Consolidates Below $45K: What Could Trigger Another Decline

 

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2022: The Year Of Crypto, Why Many People Are Going Digital…

2021 had many great things that helped pushed crypto into a new spotlight, but will 2022 be the year crypto finally makes it break through into many mainstream operations?

        Related Reading | ADALend Listed On CardanoCube

Why Crypto?

Many people are starting to look into cryptocurrency as a way to make purchases, save money, make money, and invest in the long-term. Many things play into factor on why this is happening, but all the talk can’t disprove the numbers, and numbers don’t lie. With Bitcoin leading the way, the crypto has managed to out perform gold for the 3rd straight year. Could this come from the surge of digital assets as the world shifts to electronics or from inflation? One thing we do know is the S&P 500 index surged 28%, and gold dropped by 7% in the same period, marking the third consecutive year that Bitcoin has outperformed the two, according to a report by Arcane Research. This doesn’t mean bitcoin will hold more value than gold, but this does show how people are starting to shift from the old way of thinking and into a new uncharted territory via the web.

Bitcoin: Latest action from the top coin on the blockchain. | BTC-USD on TradingView.com

The NFT Boom

NFTs have started to take over mainstream art, as collectors and investors meet in the middle to see the new rush. Non-fungible tokens, commonly known as NFTs, have started to gain more momentum – generating over $23 billion in trading volume – a frenzy away from less than $100 million recorded in 2020, according to data from DappRadar. This wave will likely continue as many artists and businesses start to join in; will this start a new wave of investors who only go digital?

We also know that in America, crypto was a hot topic for many people as it gained billions across the map. Investors in the U.S. made an estimated $4.1 billion in realized bitcoin gains in 2020, according to a new report by software company Chainalysis. 2021s numbers likely exceeded that as well.

Digital Wallets Vs Banks….

Digital wallets allow you to store and transfer crypto funds like a bank account. Many offer substantial incentives and have aggressive interest rates, plus have physical cards you can use anywhere. Some 150 million American adults say they’ve swapped cash and credit for digital wallets at least once, and given the growth of hot wallets like Metamask, don’t be surprised to see that number continue to grow.

Not all digital wallets referenced are inherently crypto, but banks are starting to add these features to catch up. On top of all these numbers, Blockchain.com wallets, which enable the purchase of Bitcoin, reached over 70 million wallet users at the end of March 2021 – so we know things are growing.

As time continues on, we will unlock more statistics to see who will win the fight; and with the world facing a pandemic, many people are turning to these wallets in efforts to multiply investments to stay on top with trades. Can crypto be the future of economics, or will it step in line like many before?       

Related Reading | President Bukele Predicts BTC At $100k With Hope That More Countries Adopt It As Legal Tender

 

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What’s Beef? Reviewing The Historic Battle Of Ethereum vs. Cardano

In every sport or form of competition, we see established rivals come to life. In basketball, it’s the Lakers and the Celtics, in boxing we’ve seen the likes of Furry vs Wilder, and in hip-hop, we often hear about Nas vs Jay-Z. Today in the world of crypto we have had a melting pot, stuffed with all kinds of herbs brewing a beef.

One that was widely recognized, but that has slowly begun to fade is Ethereum and Cardano. Let’s take a look into the history of these blockchain giants.

What’s Beef: The History Of Ethereum and Cardano’s Connection

These two big dogs have a lot in common, and plenty of differences too – but the overall goal is to be on top of the blockchain in the end.

Ethereum was created with the intention of becoming a global, open-source platform for custom assets and new kinds of economic applications. Considered to be one of the most ambitious blockchain projects to date, Ethereum seeks to leverage blockchain technology to decentralize products and services in a wide range of use cases beyond money. To date, Ethereum has seen a few distinct phases that have emphasized different aspects of its capabilities. In 2021, Ethereum solidified itself as the firm #2 player in crypto behind Bitcoin.

Cardano’s primary use case is to allow transactions in it’s native cryptocurrency, ADA, and to enable developers to build secure decentralized applications powered by it. However, Cardano differs from other blockchain projects by emphasizing a research-driven approach to design, aiming to achieve an academic rigor it believes will propel adoption of its technology.

Related Reading |The Year Of Alt Season: Altcoins Dominate Market In 2021

 

Ethereum is one of the top coins in blockchain. | ETH-USD on TradingView.com

Invisible Strings & A Forgotten Past…

The founder of Cardano, Charles Hoskinson, started his blockchain journey in 2013. He founded an online school, called the Bitcoin Education Project, where he stumbled upon Ethereum’s own Vitalik Buterin. Not much longer, he became one of the eight original co-founders of Ethereum. After some dispute over whether Ethereum should become for-profit, Charles left Ethereum in 2014.

What makes this a real beef is not the fact that Charles left Ethereum, but how the marketing of ADA was directly targeting Ethereum. Dubbed the “Ethereum-killer,” ADA made a name for itself for quite some time as the coin to look out for. Many investors have been waiting for Cardano to take the thrown, but Ethereum has just stayed elating and on the rise – despite obstacles such as high gas fees.

Ethereum was blessed with the early start, and that has helped cement them in the position the blockchain is in today. The problem with ADA is the large amount of frozen contracts and staging drops; they face a wall of trying to get over the hump so they can finally do what many have waited for.

ADA has many game changing ideas, and contracts that can improve and help push the crypto further. Both ADA and ETH continue to have beef, but other emerging tokens have challenged ADA’s position lately as well.

Despite all of this, these two coins have been hot topics and coins to watch throughout the year, with both reaching all-time highs. Next year, and the years to come will be exciting as we find out who will go and who will stay. What’s beef!?

Related Reading |The Year Of Alt Season: Altcoins Dominate Market In 2021

 

 

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The National Women’s Soccer League Secures Multi-Year Deal With Voyager

The National Women’s Soccer League (NWSL) has signed a multi-year deal with crypto platform Voyager Digital to become the latest league to step into the space.

What This Deal Means For All Those Involved

One of the fastest growing crypto platforms, Voyager, has now entered the soccer world for the first time at this level, and this is big news for those who are keeping an eye on the Voyager platform and token. CEO Steve Ehrlich had an interview with CNBC this past week, and he spoke on his excitement to enter a new world and connect people in crypto through sport.

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“We see this as an opportunity to really engage with the NWSL player, fan and that community in a way that nobody has before,” Voyager CEO Steve Ehrlich said. “What’s really intriguing to me is engaging with women’s sports, and that’s a very important aspect for us because it’s a market that we believe is ripe for education and an opportunity to give these women a stronger foothold on their financial future through crypto.”

Ehrlich added, “we are extremely proud to partner with the NWSL, specifically to help the league grow and provide its players with crypto education and direct financial support, paid in crypto,” . “We believe strongly in the future of these players and this league, and we can’t wait to get started.NWSL interim CEO Marla Messing said in a statement.”Voyager’s investment in the league is especially innovative because we’ve collectively designed the partnership to include direct financial resources for every one of our players, as well as education on the revolutionary changes underway in digital assets,”

Voyager’s token, VGX, has not responded dramatically to the news around the NWSL partnership, but looks to be finding a new support level. | VGX-USD on TradingView.com
Scoring A Goal Through Soccer

Many other sports franchises and teams have partnered up with specific wallets, exchanges, and blockchain-focused companies lately. What makes this special is the fact women’s soccer will be a focal point for Voyager’s push in sports, especially given the NWSL’s recent growth. In a heavily male-dominated crypto landscape, the partnership will help further the development of having more women involved in crypto.

Women’s sports gets put in shade, but women’s soccer happens to be something that is too big to not see lately. Steve Ehrlich concluded his conversation with CNBC with more statements talking about the importance of this deal.

A “significant portion” of the investment that Voyager is making in the NWSL as part of the deal will create a fund that will be split across each player and put into their own individual Voyager crypto account, Ehrlich said, declining to provide specific financial details. Players will also receive financial education on crypto from Voyager.

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Elon Musk & Crypto: “How One Man Has All That Power”

Elon Musk has made himself known as an entrepreneur, eccentric personality, crypto investor as well as part owner and heavy endorsor of power-meme turned token, Dogecoin. He continues to continues to educate those on the wonders and dangers of crypto.

Let’s take a look at the history of Elon musk and crypto, particularly with Dogecoin.

             Related Reading | Bitcoin ATM Stolen During Raid In Barcelona

Behind The Scene Moves…

Elon has had his hand in many different projects – some that have hit, and others that look hopeful for the future. He has also been known as a influencer in what’s hot and what’s not, because of his power within social and mainstream media. Tesla owners have quickly established Apple-level brand loyalty.

Musk has single-handled tweeted and affected the way people invest in high volumes. He currently holds the positions of co-founder, CEO and/or chief designer at SpaceX, Tesla, OpenAI, Neuralink and The Boring Company. Theses innovative companies cover a wide array of verticals, from AI to infrastructure, aerospace, electric vehicle manufacturing, and neuro-technology. Musk was apart of the early online payment days with his hand in finding Paypal, one of the first online transaction companies. One project Elon has played a role in growing is Dogecoin.

Latest price action on Doge coin : Doge-USD on TradingView.com
In April 2019, Elon Musk mentioned Dogecoin and his interest in being a doge-head, he said, “Dogecoin might be my fav cryptocurrency. It’s pretty cool.” The price of the coin went from $0.002 on April 1 to as high as $0.004 on April 4. Musk continued tweeting about DOGE, and even had other celebs like Snoop Dogg join in.

What’s Beef

Musk has been known for his recent point of view on bitcoin, after being a holder – he exposed the threats and harms to the earth caused by bitcoin mining. These tweets caused controversy along with his in and out play with the fears of crypto. Some can say Musk was in part responsible for the 20% plunge Bitcoin went through, well as Dogecoin’s rise and drop after his SNL appearance. One thing we learned from Trump’s presidency, is the impact social media can have on the public today, and Elon has proved this theory right.  The way he has used social media as a tool to influence the way people look at things is amazing.

While some of it can be chance, if you look at the impact over time, it is clear that Elon has used Twitter and wielded influence that has impacted cryptocurrency. His following has shown that celebrities can play a role in exposing those projects to the main stream world to push crypto forward. Your mileage may vary.

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The Bitcoin Saga: A Look At BTC’s History Of Up’s And Down’s

Bitcoin has ran into its fair share of judgement and hate, if it’s from people accusing the blockchain of harming the earth, or countries banning them, we will take a look at Bitcoin’s run-ins and how it has gone through minor setbacks, and major comebacks.

A History Lesson

We all know the powerhouse that is starting to raise fresh eyes and debates on the new way of Money. The cryptocurrency was invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto. The currency began use in 2009 when it’s implementation was released as open-source software. Bitcoin are created as a reward for a process known as mining. Among asset classes, Bitcoin has had one of the more volatile trading histories. The cryptocurrency’s very first big price increase occurred in 2010 when the value of a single bitcoin jumped from just a fraction of a penny to $0.08. Today that same coin is worth around $54k; not many people saw this coming at all as it shook the world, and started the new wave of finance.

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Bitcoin: Latest action from the top coin on the blockchain. | BTC-USD on TradingView.com

 

The Up’s And Downs, The Good And The Bad

BTC has faced many ups and downs in years, on top of bans and many tiny setbacks – but still the blockchain has risen. Bitcoin caught a huge break in 2017, when BTC caught mainstream attention; many developments  and media outlets have had some sort of impact on price. People like Elon Musk and Jack Dorsey have had success in garnishing both good and bad press for these coins.

Other things such as Bitcoin halving events, in which the total supply of Bitcoin available in the market declines due to a reduction in miner rewards because of an algorithmic change, have all played a role in price increases. The price of Bitcoin since the May 2020 halving has seen an increase of nearly 300%. Previous halving events in 2012 and 2016 produced significantly larger price gains of 8,000% and 600%, respectively. Among many factors, the halving in the reward given to miners that also doubles the asset’s stock-to-flow ratio seems to have a significant effect on Bitcoin’s price and that is important to know.

Many countries have banned or attempted to ban the mining of these coins as it left a carbon print that is impacting the environment. China has often taken the stance that crypto mining is an “extremely harmful” industry that jeopardizes China’s pursuit of carbon neutrality, as stated by Meng Wei, a spokesperson for China’s macroeconomic agency, the National Development and Reform Commission. On the other side of the coin, both New York and El Salvador have made cryptocurrency and bitcoin a top priority.

This is an ongoing battle, and the outcome and winner will come in the future only time will tell if bitcoin will face another crash or rise

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India: A Back & Forth Affair With Cryptocurrency

India has reportedly been set to ban all but a few private cryptocurrencies. What does it mean, and what could lie ahead?

Throughout the history of cryptocurrency, many countries have attempted to ban and limit access to coins and digital wallets. Some have had success for a small window of time, only to see it busted wide open when newer coins emerge and other countries join in. India has reportedly joined the list of people to go all out, as they are on track to ban all but a few private cryptocurrencies after the government announced on Tuesday it was introducing a new financial regulation bill. The back and forth affair with India and crypto continues.

A bill was recently presented, and sets to shake things up for many of big name coins in India. The ‘Cryptocurrency and Regulation of Official Digital Currency’ bill will create a facilitative framework for an official digital currency to be issued by the Reserve Bank of India, and that will look to ban all private cryptocurrencies, which includes Bitcoin and Ethereum.

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Let The Rain Fall Down…

Prime Minister Narendra Modi said earlier this month that “all democratic nations must work together to ensure cryptocurrency does not end up in wrong hands, which can spoil our youth.” It was his first public comments spoken directly on the subject. The law, which will be presented to the parliament in the next session, will allow exceptions to promote the underlying blockchain technology, according to the parliament bulletin. The statement was provided without further details, leaving many with more questions than answers. A pre-verification approach would create obstacles for thousands of peer-to-peer currencies that thrive on being outside the scope of regulatory scrutiny. Modi recently chaired a meeting to discuss the future of cryptocurrencies, amid concerns that unregulated crypto markets could become avenues for money laundering and terror financing, according to reports in recently weeks.

The new rules are also likely to discourage marketing and advertising of cryptocurrencies in order to dull their allure for retail investors, according to  an industry source who was part of a separate parliamentary panel discussion held on Monday.

Bitcoin: Latest action from the top coin on the blockchain. | BTC-USD on TradingView.com

Status Check

The government could be looking to classify crypto as an asset class, as demanded by the crypto exchanges, rather than as a currency. A senior government official told Reuters that the plan is to ban private crypto-assets, ultimately while paving the way for a new Central Bank Digital Currency (CBDC).

The Reserve Bank of India, which has voiced “serious concerns” about private crypto, is set to launch its CBDC by December. Bitcoin, the world’s biggest cryptocurrency, is hovering around $60,000 (€53,000) and has more than doubled since the start of this year; this coin has the highest rank and is all over the world both for good and some bad. Many people have speculated billions in holding of crypto located in India and that has the government on high alert.

Will this be the start of countries ramping up regulation around crypto?

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Underdog Coins To Eye In 2022

Here are some underdog coins that could stay a bit under the radar until next year as the DeFi and NFT markets are in the spotlight this year. There are several noteworthy projects in these areas expected to gain traction in 2022, so it’s worth following them. We can also expect several new projects to emerge on the scene and shake things up.

Here are some coins to watch headed into 2022.

The 3 Altcoins Ready For 2022
Solana (SOL)

One of the strongest altcoins in 2021 that went silent recently but can be expected to have steady growth in 2022 is Solana. It is built on a proof-of-history (PoH) consensus mechanism which allows the network to be more energy-efficient relative to many competitors. While many standard blockchains rely on a sequential production of blocks that require confirmation across the network, PoH allows validators to compute the state of the network from the ledger itself. The Solana protocol can depend on its own internal clock and sustain a throughput of more than 50,000 transactions per second.

An under the radar coin that has started gain attention this year, this coin has seen an astronomical rise in the past few months. This could come from the several prominent dApps operating on the Solana network in the fields of DeFi, e-commerce, non-fungible tokens (NFTs), and gaming.  Solana has a market cap of $65 billion with average volumes of over $1 billion every 24 hours. It is in the top 10 currencies according to the daily volume. So while Solana might not be multibagger looking towards early next year, it offers hot sectors a product with substantial utility.

Look out for Solana to continue its massive gain as it ends the year with a bang.

Sol latest price action via trading view.com | SOL/USDT on TradingView.com

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Waves (WAVES)

Waves is a platform that can be used to build dApps, smart contracts, and new tokens. It utilizes a proof-of-stake (PoS) consensus WavesNG and the network’s native token, WAVES. The token is used as a reward and incentive for mining, payments, and voting. Since it’s an ERC-20 token, WAVES also makes Waves interoperable with the Ethereum network. Considerable projects are built on the platform, including a cross-chain network Gravity, DeFi platform Neutrino, and crypto exchange Waves DEX.

With a market cap of over $2.3 billion, WAVES token is strongly placed in the top-100 of crypto coins.

Terra (LUNA)

Our third project on the list is a respected and recognized coin by the name of LUNA. This base-layer protocol uses stablecoins pegged to the popular fiat rates, mot notably TerraUSD. LUNA acts as a reserved asset and helps to maintain the price of these stablecoins. In October, Terra underwent a Columbus-5 upgrade which enabled Inter-Blockchain Communication (IBC) standard to let users easily transfer LUNA, TerraUSD, and other assets from Terra, and making it interoperable with other networks. Immediately after this update, the price of LUNA token reached a record high of $49.43. The next month, a current all time high followed at $54.77.

We can never tell what will happen with these coins we can only be hopefully and see what is in front of us.

 

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Meet Web3.0: The New Internet, Blockchain Edition?

Web3 (also known as Web 3.0) is the idea of a version of the Internet that is decentralized and based on public blockchains. The concept has gained immense popularity in 2020 and 2021, with interest from cryptocurrency enthusiasts and investments from high-profile technologists and companies.

Now we get to see how things unfold, and what to expect on our journey in the new frontier.

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X Out The Middle Man

Web 3.0 has the potential to change how we use the internet. In this new era, navigating the web no longer means logging onto the likes of Facebook, Google or Twitter to connect with people. The web has been seen as a way to democratize access to information, but there weren’t always great ways of navigating it. It was pretty disorganized and overwhelming, and not what it is today with the endless amount of information at our hands.

What we know and describe as Web 2.0 arrived in about the mid-2000s. Platforms like Google, Amazon, Facebook and Twitter started to emerge and laid out a new way for the Internet by making it easy to connect and transact online with anyone at anytime.

Bitcoin: Latest action from the top coin on the blockchain. | BTC-USD on TradingView.com

How Will The Blockchain Play It’s Part

In Web3, data is stored in multiple copies of a P2P network. The management rules are formalized in the protocol and secured by majority consensus of all network participants, who are incentivized with a native network token for their activities. The Blockchain will be the backbone of the Web3, as it redefines the data structures in the backend of the Web. It introduces a governance layer that runs on top of the current Internet, that allows for two people who do not know or trust each other to reach and settle agreements over the Web.

Bitcoin and similar blockchains introduced a method for each participant in a network to hold and transfer value in a digitally native format, without the need for trusted intermediaries. Web 3.0 will likely be at least somewhat decentralized, and built upon a system known as the blockchain, which already undergirds Bitcoin and other cryptocurrencies. Imagine it as a type of bookkeeping where many computers at once host data that’s searchable by anyone. It’s operated by users collectively, rather than a corporation. Instead of platforms, there will be DAOs. People are given “tokens” for participating. The tokens can be used to vote on decisions, and even accrue real value. These are some of the potential traits of Web 3.0 in full form.

This is great for making transactions and holding onto different wallets without having to worry about being tracked. That, on top of personal data constantly going to Google, Facebook and the like, means that Web 3.0 can provide mass potential, and still be the shade needed for transactions to occur with privacy. Until then, we will learn more about Web 3.0 as time goes on.

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Twitter Creates Team Specializing In Crypto And Decentralized Apps

Twitter is known for its ability to give anyone a voice. The social media monster is now taking a new approach to stay on top, and recently have established a dedicated ‘Crypto’ team, led by Tess Rinearson. She explained that the “new team is focused on crypto, blockchains, and other decentralized technologies” within the crypto world. Lets take a look at what Twitter has said thus far, and what they have in store for the future.

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Twitters Hits The Ground Running 

Twitter’s team stated:

We’re exploring ways to incorporate decentralized technologies into our products and infrastructure.

This will be a good way for the company to continue exploring payments and other ways for people creating content to earn crypto, and the “decentralization of social media.”

Rinearson pointed out that “Twitter truly ‘gets’ crypto,” referencing the company’s bitcoin tipping and non-fungible token (NFT) projects. “But there’s so much more to explore here,” she added.

“As I build out the team, we’ll be working to figure out what crypto can do for Twitter, as well as what Twitter can do for crypto,” she continued, elaborating:

First, we’ll be exploring how we can support the growing interest among creators to use decentralized apps [dapps] to manage virtual goods and currencies, and to support their work and communities.

In the future, the team will explore “how ideas from crypto communities can help us push the boundaries of what’s possible with identity, community, ownership and more.”

She finished up with this statement:

Twitter Crypto will underpin all of this work, and serve as a ‘center of excellence’ for all things blockchain at Twitter. We’ll be hiring for roles in engineering and product.

 

Ethereum is used for most major blockchain transactions. | ETH/USDT on TradingView.com

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What Else Is Shakin’

Twitter’s CEO, Jack Dorsey, is a longtime bitcoin supporter. He recently said that his other company, Square Inc., is focused on helping bitcoin become the native currency for the internet. He has outlined a number of initiatives that are focused on helping bitcoin reach a mainstream audience, while at the same time strengthening the network and ecosystem. One of the initiatives, and popular finance app Cash App, generated $1.82 billion of bitcoin revenue and $42 million of bitcoin gross profit during the third quarter of 2021.

Now, Twitter has set up a team to focus on “crypto, blockchains, NFTs, and other decentralized technologies — including and going beyond cryptocurrencies. The team will explore how it can “support the growing interest among creators to use decentralized apps to manage virtual goods and currencies, and to support their work and communities.

This news is huge for the NFT market as many artists will be able to promote on a higher level, and more people will become aware of how none fungible tokens (NFTs) work. As Twitter’s new team steps foot in somewhat familiar territory, it will be good for the crypto community to have a huge powerhouse to back and acknowledge the power of crypto.

 

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Hedera Hashgraph’s New Grant Wants To Change How You Invest

Hedera Hashgraph, also known as HBAR, has been around for sometime now and has been on the radar for crypto tokens to look out. HBAR is looking to change up the crypto landscape and how we invest, and has a particularly unique approach. Lets take a look and dive into what’s going on with HBAR.

             Related Reading | Bitcoin ATM Stolen During Raid In Barcelona

A Look Into Hedera Hashgraph’s New Grant

For those who may not know, Hashgraph is a distributed ledger technology that has been described as an alternative to blockchains. The hashgraph technology is currently patented, and the only authorized ledger is Hedera Hashgraph.

What has everyone looking at HBAR recently? The network is taking a big leaps in making DeFi investing easier than ever for everyday users and investors. Hedera is teaming up with Aktio on the first DeFi application to drop on it’s network. This could be promising for the network: a user friendly product for consumers that will allow users to use predictive mathematics to invest in digital currency on the network.

Hedera Hashgraph hopes to achieve the best products for ecosystem and seemingly will do so with help of grants. Within that Aktio partnership is the utilization of an HBAR Foundation grant, as the two parties announced in recent days.  Something to consider at how Aktio will be bringing the network its first-ever DeFi app using these funds. In return, Hedera Hashgraph will be providing organizational support in addition to the cash injection.

Latest price action of Hedera Hashgraph HBAR as it maintains its value via Tradingview.com. | Source: HBAR-USD on TradingView.com
Aktio: What To Know

Aktio is a DeFi project based out of Ireland that seeks to usher in a new generation of finance by bringing management services to the blockchain. However, it also plans to do this by managing funds with the help of automated investing. Using the incoming Aktio app, users can have their funds managed by a series of predictive algorithms. In addition to this groundbreaking new crypto-investing tool, the partnership will also help Aktio roll out its Wealth Card. The Wealth Card will allow users to directly pay for goods and services with their assets from the app.

According to the release, the card is already internationally recognized as a valid payment card. O now you are able to purchase and access this card for personal use.This is great news for people looking to get into a safe and easy way to use crypto a this project begins to unfold we will see what else Hedera Hashgraph has to offer and how they add more to the blockchain.

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Featured image from Pexels.com, Charts from TradingView.com

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MasterCard 2021 Investment Community Meeting: A Plan To Help Crypto?

On a daily basis, things shift and news ventures emerge as old ones fade away. Older names in finance, such as MasterCard, are now finding new ways to stay in touch with the future. During an investment community meeting held on November 10th by MasterCard, an announcement and plan was laid out that is a push in the direction in future economics for the firm, with a highlight specifically around cryptocurrency.

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MasterCard: New Grounds For Old Feet

In this plan, MasterCard discussed specific things that will help the crypto community push forward and allow everyday people to feel more safe about using cryptocurrency. The firm spoke that the focus will be built around  “crypto enablement,” which involves spending, cashing out, and cryptocurrency rewards, as well as crypto security, identity services, and network access. This happens also include interoperability, stablecoins and central bank digital currencies (CBDC) – all of which are increasingly hot topics in crypto lately.

MasterCard senior executives believe that crypto payment flows, including remittances, traditional finance (TradeFi) and decentralized finance (DeFi) represent a net new volume for the company. This is emphasized by recent partnerships in the Asia Pacific region that will allow consumers and businesses across the area to obtain crypto-linked Mastercard credit, debit and prepaid cards.

MasteCard said in late October that the company was working with digital asset platform Bakkt to allow merchants and banks in the U.S. to build cryptocurrency into their offerings, and now we are seeing some of the executional side of that operation. This news can have an impact on who will enter the crypto world, as some believe it will inspire other major firms to get involved; MasterCard competitor Visa has been making initiatives in the space this year as well.

Mind Of A MasterCard

MasterCard’s executive Vice President Rama Sridhar said that ”in collaboration with these partners that adhere to the same core principles that MasterCard does—that any digital currency must offer stability, regulatory compliance and consumer protection—MasterCard is expanding what’s possible with cryptocurrencies to give people even greater choice and flexibility in how they pay”.

                     

BTC: Bitcoin currently sits at the top of any coin and is valued at about the 60k | BTC-USD on TradingView.com

These partnerships and the roll out behind them could be a great push for parties involved. MasterCard can now tap into a base of people who only utilize crypto currency to make online purchases along with the holders of coins who wish to secure more gains.

We don’t know exactly when these will come into play, but after a public announcement like this, we know it’s likely coming in the next year or so. What other top card companies will follow the firm’s lead and start to implement things that involve cryptocurrency?

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Polygon: Ethereum’s Friend Is Looking To Make Big Strides

In a time of many new crypto coins, platforms, and contracts, Polygon is starting to pave a way and rise to the throne of Ethereum layer 2s. Polygon, formerly known as the Matic Network, is a scaling solution that aims to provide multiple tools to improve the speed and reduce the cost and complexities of transactions on blockchain networks.

With recent headlines surrounding both Polygon and correlating Ethereum, it’s wise to get an in-depth perspective on Polygon’s market positioning for those interested in Ethereum alternatives.

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Friend Or Foe, Polygon’s Start & How It Works With ETH…

Here is a dive in to look at the coin once known to the world as MATIC. Polygon was created in India in 2017, and was originally called the Matic Network. It was the brainchild of experienced Ethereum developers—Jaynti Kanani, Sandeep Nailwal, Anurag Arjun, and Mihailo Bjelic.

The Matic Network went live in 2020, and has since attracted some of the top names in the world of decentralized finance, also known as DeFi, including Decentraland and MakerDAO. The Matic Network rebranded to Polygon in February 2021, and in April 2019 during it’s initial offering, the Polygon team raised the equivalent of $5.6 million in ETH with the sale of 1.9 billion MATIC tokens over a brisk 20-day period. While some coins in the same field are aiming at top dog coin Ethereum, Polygon is aiming with them to help bring a new speed and software to the world.

MATIC/POLYGON Is currently trading around $1.83 | MATIC-USD on TradingView.com

 

In recent times, many coins have been deemed “the Ethereum killer,” while Polygon is arguably helping with the blockchain champ. At the core of the network is the Polygon software development kit (SDK), used to build Ethereum-compatible decentralized applications as side-chains and connect them to its main blockchain. While Ethereum recently reached an all time high, finally breaking the $4K mark and showing skeptics that it’s here to stay, many are left asking: could this be a future effect for Polygon as DeFi grows? Polygon has added some excellent partners to its list, and given the chains supplementary nature to Ethereum, many have sought investing in both.

Once the the rebranding was done, Polygon retained its MATIC cryptocurrency ticker – the digital coin underpinning the network. MATIC is used as the unit of payment and settlement between participants who interact within the network. Polygon’s main chain is a Proof-of-Stake (PoS) sidechain, in which network participants can stake MATIC tokens to validate transactions and vote on network upgrades. This coin is showing it has strong potential, particularly for projects around DeFi that are looking for friendlier attributes relative to Ethereum (gas fees being the most notable attribute).

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