Author: Kryptonews
Introduction to Tokenomics and ERC20 The rise of blockchain technology has revolutionized the way digital assets are created, distributed, and utilized. At the heart of this innovation lies tokenomics, the study of the economics and design behind tokens, which play a crucial role in driving the functionality and incentivization within decentralized ecosystems. The ERC20 standard, a widely adopted protocol for creating fungible tokens on the Ethereum blockchain, has become a cornerstone in shaping modern tokenomics. While initially focused on utility tokens—digital assets designed for specific use cases within a platform—ERC20 has evolved beyond mere functionality. Today, it enables more sophisticated…
Key Takeaways:MetaMask integrates Web3Auth to eliminate the need for manual seed phrase storage.Acquisition aims to onboard the next billion users through Web2-style login options.Consensys targets Asian market growth with support for non-EVM chains like Solana and Bitcoin.Consensys has just made a strategic move to redefine crypto wallet accessibility. By acquiring Web3Auth, a Singapore-based authentication platform, the Ethereum software giant plans to overhaul MetaMask’s onboarding process—bringing a more user-friendly, Web2-style login approach to the Web3 world.Read More: MetaMask Teases Long-Awaited Token Launch as Talks Resurface Amid Regulatory CautionMetaMask Revolution: Web3Auth Eliminates Seed Phrase ComplexitySeed phrases have been the Achilles’ heel of…
Food fraud siphons up to $50 billion from the global food industry every year and endangers public health. When deployed rigorously and realistically, blockchain could prevent this shadowy crime.The problem? It comes with a high price tag. Scalability, cost, interoperability and integration pose significant barriers. Not to mention the privacy concerns, regulatory uncertainty and long path to stakeholder adoption.But food fraud isn’t going anywhere. As David Carvalho, CEO of Naoris Protocol, observed: “Most people would be surprised to hear that food fraud is an issue, but it’s a major one, costing the global food industry between $30 billion and $50 billion…
The announcement of a Trump-branded crypto wallet has been labelled “absolute chaos” as a business linked to the Trumps said it would launch a wallet only to have US President Donald Trump’s sons distance the family from it. The non-fungible token marketplace Magic Eden and the team behind the president’s memecoin, Official Trump (TRUMP), both said on June 3 that they were linking up to launch “the Official $TRUMP Wallet.”However, Donald Trump Jr. said that the Trump Organization, which oversees Trump’s sprawling real estate and business interests, “has zero involvement with this wallet product” and that he knows “nothing about…
The Vote-Buying Problem in DAOs: Can Blockchain Governance Models Be Fixed? Introduction to DAO Governance Decentralized Autonomous Organizations (DAOs) promise a new era of democratic, blockchain-based governance, where decisions are made transparently through tokenholder voting. However, the security and fairness of this system have come under scrutiny due to the rise of vote-buying—where wealthy individuals or groups manipulate outcomes by financially incentivizing voters. The Mechanics of Vote-Buying In DAO governance, decisions are typically made via weighted voting, where the number of tokens held determines voting power. However, voting participation can be low, and malicious actors can exploit this by: Bribing…
Bitcoin has been making headlines again, and for good reason. After a tumultuous 2022 that saw its price plummet, the leading cryptocurrency has experienced a significant resurgence in 2023, leaving many wondering if now is the time to jump back in. So, let’s delve into the factors driving this rally and the potential risks and rewards for investors.## Factors Driving Bitcoin’s Price SurgeSeveral forces are fueling Bitcoin’s current upward trajectory. One key element is a shift in macroeconomic sentiment. As inflation concerns subside (though remain present), and the US Federal Reserve signals a potential pause or slowdown in interest rate…
Popular Solana-based meme coin generator Pump.fun could be launching its own token soon, unnamed sources told Blockworks. The platform is reportedly planning to raise $1 billion in a token sale at a $4 billion token valuation.The token will be sold to both public and private investors, the report added. However, it was unable to confirm the timing of the token launch.Pump.fun was launched in January 2024 with the goal of simplifying token creation on Solana. The platform has generated more than $700 million in total revenue since launching over a year ago, the report added.Early this year, co-founder Alon Cohen…
As the mechanics of meme coins change in 2025, cryptocurrency analysts are keeping a careful eye on it. Remittix is emerging as an unexpected participant gaining attention, even though PEPE Coin’s rapid expansion and social momentum make it a strong challenger to Dogecoin’s established dominance. Remittix has been labelled the XRP rival with blazing-fast transaction speeds and a practical remittance use case, attracting investors looking for something more useful than jokes. According to experts, Remittix could outperform both Dogecoin and PEPE in the meme sector by fusing cross-border efficiency with blockchain credibility. Pepe Coin Surges Past Expectations Pepe coin (PEPE)…
The US Securities and Exchange Commission will hone its crypto policies with “notice and comment” and move away from shaping its rules through the courts, the agency’s chair Paul Atkins told Congress.In June 3 remarks to the Senate Appropriations Subcommittee on Financial Services, Atkins said the agency’s crypto policymaking “will be done through notice and comment rulemaking, not through regulation by enforcement.”“The Commission will utilize its existing authorities to set fit-for-purpose standards for market participants,” he added.Atkins, a former crypto lobbyist, said that creating a “rational regulatory framework for crypto assets” will be a key priority for the SEC under…
The once-dominant landscape of Bitcoin mining in Sichuan, China, has undergone a dramatic shift, propelled by regulatory crackdowns and evolving geopolitical dynamics. Now, Texas, with its abundant energy resources and pro-crypto stance, is emerging as a major hub for the energy-intensive process. This article explores the factors driving this global relocation and analyzes the implications for the Bitcoin network and the regions involved.## The Rise and Fall of Sichuan MiningSichuan province in China was, for many years, the epicenter of Bitcoin mining. The region boasted an abundance of cheap hydroelectric power, particularly during the rainy season, making it incredibly attractive…
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