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Brief History of Ethereum and How Ethereum 2.0 May Over Promise

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Ethereum 2.0 is the most important update for Ethereum. It is so important that the Ethereum foundation is kept talking about it and it has never been able to reach its goal for many years. It starts to show the fracture of the organization that it is inefficient when it comes to upgrading events. It lost its agility compared to many new competitors such as Solona.

Ethereum 1.0

Before Ethereum was released in 2015, they planned to have 4 phases: Frontier, Homestead, Metropolis, and Serenity. Frontier is the beginning of the Ethereum to officially release mainnet. Homestead took away developers’ ability to stop network activities (similar to Solona at the current stage but they still remain developers’ power to stop the blockchain). Metropolis makes mining harder and rewards reduce to boost the Ethereum valuation which inversely makes the gas fee very high. And the last is Serenity to move to Ethereum 2.0.

From Serenity to Ethereum 2.0

From 2019, Ethereum was seeking a solution to scale. Proof of Stake was not even mentioned on the Serenity, rather they want to find a way to scale up the network without sacrificing the security of the blockchain (Proof of Work processes). It leads to Proof of Stake and the whole roadmap becomes a mess.

What Is Ethereum 2.0 Anyway

We don’t know what is exactly Ehtereum 2.0. From their planning, phase 0 Beacon Chain should resolve crosslinks from Proof of Work to Proof of Stake and complete phase-out Proof of Work to ready for Proof of Stake. Phase 1 Shard Chains will begin Proof of Stake and start validation nodes. Phase 2 eWASM will become fully functional transactional chains to scale up the Ethereum network and makes World Wide Web Consortium (W3C) an open-source standard. Then there will be Ethereum 3.0 to be released to further improve the network.

Where Is Ethereum 2.0 Now

Ethereum 2.0 has completed the Beacon Chain in December 2020. It acts as a central coordination and consensus hub of Ethereum 2.0. It is a burning hub that collects Ethereum and is stored at the location forever without releasing out or burning mechanism. Then Ethereum should be fully phase out Proof of Work into Proof of Stake. However, it seems stuck at the transition phase forever. Partly because to switch from one consensus to another requires more difficult solutions than they planned it to be. Also, by transitioning smoothly into Proof of Stake, the Ethereum network should not be interrupted and nodes need to run without potential chain split. The release date of Ethereum 2.0 has been delayed multiple times and it raises questions on how Ethereum may improve in the future and what they need to be done to be able to release the upgrade more efficiently.

What Ethereum 2.0 Can Do 

Simply put, Ethereum 2.0 makes a switch from Proof of Work to Proof of Stake. Instead of having nodes, Ethereum 2.0 will have a validator who helps process transactions from how many depositing Ethereum they have as an insurance policy and there will be a committee which is a randomly sampled subset of active validators to perform duties for a given slot on a selected shard. From active consensus to passive consensus, Ethereum turns into a bond-like financial product to periodically give rewards to users with steady rates rather than rewards on a big amount of profits with speculative valuation.  

Also Read: El Salvador’s BitcoiMarket Sentiment Has Changed

Miners’ Profits

Miners will no longer be given all rewards but also be punished if invalid transactions or broken network rules. Those penalties will be burned and diminish the supply of the coin supply in the sense to increase the overall net worth of the network.

Staking Risks

Of course, the Proof of Stake is not 100% work out. There are always risks involved. The cost of staking as a validator is high as 32 Ether will be locked forever or $140K at the current price. There is a code risk that staking software may produce error staking and show the wrong information in dashboards. The maintenance cost can be as high and as time-consuming as possible. No to mention that security risk is high as when client node failure, the stack nodes are responsible to fix or the entire chain of nodes may go down with it.

In Conclusion

Ethereum 2.0 is a complex upgrade and it will take a longer time than Ethereum foundation originally thought it would be. It is a risky move to switch from one established consensus to another speculative consensus. There are many other risks to consider before an upgrade happens. The news brings up high hope for Ethereum to achieve may seem more over promise in the long term.


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First Mover Asia: Bitcoin Falls on Inflation Fears but Continues Its Ride Above $17K

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First Mover Asia: Bitcoin Falls on Inflation Fears but Continues Its Ride Above $17K




ALSO: Sam Reynolds writes that Taiwan-based technology conglomerate HTC is looking to take its virtual headset business public as part of a quest to help cultivate the metaverse. But is the company going in the wrong direction?



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Rumors of a new native ‘Twitter Coin’ emerge while Dogecoiners remain hopeful

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Rumors of a new native 'Twitter Coin' emerge while Dogecoiners remain hopeful


Social media users are swirling around rumors that Twitter is looking at introducing its own native asset called “Twitter Coin” to be used for payments and tipping on the platform.

Some are citing the initial reports from sources such as Nima Owji, who runs an app-focused information leak account on Twitter.

On Dec. 4, he posted a screenshot of what appears to be a prototype Twitter interface showing a “Coins” option for tipping, along with a vector image showing a coin bearing Twitter’s logo.

Others have pointed to tweets from tech researcher Jane Manchun Wong, who claimed to have extracted code from a specific version of Twitter’s web app to find the same information as Owji, though the post itself and Wong’s account have since been deleted for unknown reasons. 

Jane Manchun Wong’s deleted threat: Twitter

There has also been a swarm of posts under the TwitterCoin hashtag, with many people excited but ultimately unsurprised that the social media platform could be working on new payment rails and system integrations now that Elon Musk is at the helm.

Members of the feverent Dogecoin community on Twitter and Reddit have also tried connecting the dots, with some remaining hopeful that Twitter Coin is just a placeholder name for Dogecoin, considering Musk’s long-running affiliation with the memecoin.

Speaking on a similar subject in a Dec. 4 Twitter Spaces, Musk suggested to an audience of 2.1 million listeners that he was still interested in integrating crypto with the social media platform.

“It is kind of a no-brainer for Twitter to have payments, both fiat and crypto,” he said.

Related: Ripple CTO shuts down ChatGPT’s XRP conspiracy theory

As it stands, Twitter has been gradually expanding its payment integrations over the past couple of years, and currently supports fiat tipping for a host method alongside Bitcoin (BTC) and Ethereum (ETH), which were integrated in September 2021.

Since the $44 billion takeover went through in October, Musk has overseen a host of changes to Twitter, particularly relating censorship policy, information disclosures and botting activity.



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EGB Affiliate Program – Learn How To Earn Money in 2022

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EGB Affiliate Program - Learn How To Earn Money in 2022


What is EGB Affiliate Program?

EGB Affiliate Program Helps You Earn Money While You Refer Users To EGB Platform Through Your Affiliate Links From Your Blog, Social Media, Email Lists, Etc.

It’s Easy And Only Takes A Few Minutes To Complete The Sign Up Process. Earn Up To Fixed Per Sale!

KeyPoints Of EGB Affiliate Program

Affiliate BasicDetails
Product NameEGB Affiliate Program
Commission TypeRevShare
Minimum Payment$50
Payment FrequencyMonthly, Upon Request
Joining FeesFree To Join
Deep Linking PossibleYes
Payment MethodBank Transfer, Neteller, Skrill, QIWI, WebMoney, Bank Card, Others
Referral CommissionN/A
Tracking SoftwareIn-house
Cookie LengthUnknown
Official Affiliate WebsiteClick Here To Visit Official Website

What Is EGB?

EGB Affiliate Program is a great way to monetize your traffic. As the leading eSports betting company, they guarantee the best service on the market for users and a high conversion rate for affiliates. Promote EGB.COM products and make a profit for each active affiliate user. EGB Affiliate Program currently works with 2 products — EGB Betting Affiliates and EGB Casino Affiliates. 

EGB

EGB features all the most popular eSports disciplines: Dota 2, CS:GO, League of Legends, etc. Also, they regularly hold massive promotions and provide bonuses for your users. EGB Betting Affiliates program also uses the Revshare rewards system. The maximum percentage of revenue can reach 40%. There are 3 stages of cooperation below. 

How To Join EGB Affiliate Program And Make Money From EGB

First Step To Sign Up At EGB Affiliate Program. It Is Very Easy To Join EGB Affiliate. Just Fill Necessary Data Like, Your Name, Date Of Birth & All Required Data By EGB. Once Filled Everything Correctly Just Click On Submit Button. Once Your Submit Application For EGB Program .Your Application Sent To Affiliate Team Of EGB. If Your Profile Eligible For Their Affiliate Program Than You Get Another Approval Email Once You Approved By Team.

Once You Approved By EGB

Now It Is Time To Login Your EGB Affiliate Account. And Start Promoting EGB Program To Your Friends By Email Marketing , Blog , Social Media Etc. Once Any Sale Made By Your Refer Link You Get Fixed % From EGB.

How To Start Promoting EGB Affiliate And Earn Money ?

After You Successfully Join EGB Affiliate Program, You Can Choose From Several Banners And Text Links To Go With The Layout Of Your Website. Place Them Strategically Within The Content Of Website, Blogs, Emails, Newsletters, Etc. Whenever A Visitor (On Your Website) Clicks On One Of These Banners Or Links, They Will Be Directed To EGB Website, And Their Activity Will Be Tracked By EGB Affiliate Software. If They Buy Any Of EGB Products, You Will Earn A Commission Of Up To fixed % Per Sale.

What Are The EGB Affiliate Commission Rates?

You will Earn upto fixed % commission at EGB Tool.

Why Choose EGB Affiliate?

This Is One Of The Most EGB Affiliate Programs In The World. EGB Is A Well-Known Brand In Tool, And Its Generous Affiliate Commission Rates Have Made It A Favorite Choice For Many Affiliates Marketer.

EGB Affiliate Program Payment Options

Once You Are Signed Up With EGB Affiliate Program You Need To Update Your Payment Option. EGB Affiliate Minimum Payout Is $50.

They Offer Payment Options. You Can Select Bank Transfer, Neteller, Skrill, QIWI, WebMoney, Bank Card, Others.

EGB Affiliate Program Features

EGB works with the best providers on the market and has over 8,500 games in different categories: slots, card and table games, and their live variants. The number of games and providers is regularly expanding. They use the Revshare rewards system to work with your affiliates.

The maximum percentage of revenue can reach 45%. The percentage of your revenue changes every month and depends on the number of new users brought in the previous month. There are 5 stages of partnership below.

Why EGB Affiliate Program Is Best For You ?

Being A EGB Affiliate Program Is Great For You And Your Visitors. Your Visitors Get Special Offers From One Of The World’s Top Tool Providers And You Earn Money For Qualifying Purchases They Make Via Your Affiliate Link!

Below Are A Few Reasons Why You’ll Love Being A EGB Affiliate Program

Free Membership

Membership To EGB India’s Affiliate Program Is Free – So You Don’t Lose A Thing. You Don’t Even Need To Buy Anything From EGB India.

What Are The Alternatives For The EGB Affiliate?

These Are Some Of The Alternatives :

How Can You Reach The EGB Affiliate Support?

If You Need Any Help, Then Reach The EGB Team At [email protected].

Frequently Asked Questions

How Do I Become A EGB Affiliate?

Visit this page To Become A EGB Affiliate. It’s Free To Sign Up As An Affiliate For EGB.  

How Much Does EGB Pay Its Affiliates? 

The Standard Payout Commission Per One EGB Signup Is $65. However, Your Commission Goes Up If You Generate More Sales As You Can Earn Up To $125 Per Sale!

What Is The Minimum Payment Threshold Of EGB?

To Receive Your First Payment, You Need To Make At Least $100 As A EGB Affiliate. That Means You Need To Generate At Least Two Successful Signups To Be Able To Receive Your First Payment. 

How Do I Contact The EGB Affiliate Team?

If You’ve Any Questions, You Can Email [email protected] For Affiliate Program Questions And Support.

Conclusion

One Must Join The EGB Affiliate Program For Maximizing Their Earnings.

Many Of The Bloggers Are Sharing Their Payments Screenshots. So, The EGB Affiliate Is Legit. Speaking Frankly, I Never Tried Their Affiliate Program.

If You Had Worked As A EGB Affiliate, Then Please Share Your Experiences. Hope This Review Help The Affiliates For Getting Started.

Affiliate Disclosure: In Full Transparency – Some Of The Links On your Website Are Affiliate Links, If You Use Them To Make A Purchase They Will Earn A Commission At No Additional Cost For You (None Whatsoever!).



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