As the Bitcoin Cash enthusiasts brace themselves for the much-awaited upgrade that vows to unleash decentralized applications, General Protocols revealed a complete production release of its decentralized hedging application, boasting a doubled contract size. Meanwhile, those utilizing the privacy-boosting protocol Cashfusion have fused over 17.4 million bitcoin cash since its inception, equivalent to a staggering $2 billion in U.S. dollar value.
The Bitcoin Cash community eagerly awaits an upgrade that promises to revolutionize the creation of decentralized applications on May 15, 2023. Last November, blockchain developer Jason Dreyzehner shared the news that the 2023 upgrade had been successfully added to the testnet network. Dreyzehner elaborated on the forthcoming improvements, which will introduce Cashtokens capable of generating a plethora of possibilities, from identity tokens and covenant-tracking identity tokens, to voting with fungible tokens, sealed voting, multithreaded covenants, and multi-covenant decentralized applications.
In the interim, BCH enthusiasts have been introduced to the full-fledged production version of BCH Bull. The decentralized finance (defi) application empowers users to long or hedge their BCH against various tradable assets. The project’s developers announced the latest release on April 17, 2023, and disclosed several new enhancements, adding to the platform’s appeal. “BCH Bull Production release is out,” the defi application’s devs announced on Twitter. “2x the contract size, 3x the contract duration, approx 30% cheaper fees, additional asset (CNY), premium tracker and language localization.”
BCH Bull has a new asset! Now you can hedge or leverage against Chinese Yuan (CNY). BCH Bull also has language localization, with Chinese language support. We hope to add more assets and language support as we grow! #bethebull #bch #cny #bitcoincash #utxo #chinese #chineseyuan pic.twitter.com/7Ts7qy3jFp
— BCH BULL (@BCH_BULL) April 18, 2023
April marked yet another significant milestone for Cashfusion, as the number of fusions jumped beyond $2 billion in value since its inception on November 28, 2019. Presently, over 17.4 million bitcoin cash (BCH) has been fused, currently valued at $2,049,395,837 according to current BCH exchange rates. This achievement has come at a time when Coinjoin processes have come under intense scrutiny. Both Cashfusion and Conjoin techniques are employed to obscure the origin and destination of crypto transactions, but their approaches and levels of privacy differ vastly.
While Coinjoin combines multiple crypto transactions, making it difficult to determine which inputs are associated with which outputs, it is not infallible as some patterns can still be identified. In contrast, Cashfusion is considered a more sophisticated privacy technique that utilizes a multi-party computation (MPC) protocol to blend transactions in such a way that even the participants cannot decipher which inputs are associated with which outputs. Data analyst James Waugh conducted tests on Cashfusion in 2020 and strongly endorsed the scheme’s practicality over other Coinjoin methods.
With just 18 days left before the much-anticipated BCH upgrade, Bitcoin Cash supporters are looking forward to the introduction of additional privacy-enhancing, decentralized applications. While they await the upgrade, BCH proponents are still taking advantage of tools like BCH Bull and Cashfusion. Along with the impressive Cashfusion milestone, this privacy application has now been integrated into the Electron Cash mobile wallet for Android systems, bolstering its accessibility.
What do you think about the latest Bitcoin Cash milestones ahead of the May upgrade? Share your thoughts in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
As the Bitcoin Cash enthusiasts brace themselves for the much-awaited upgrade that vows to unleash decentralized applications, General Protocols revealed a complete production release of its decentralized hedging application, boasting a doubled contract size. Meanwhile, those utilizing the privacy-boosting protocol Cashfusion have fused over 17.4 million bitcoin cash since its inception, equivalent to a staggering $2 billion in U.S. dollar value.
The Bitcoin Cash community eagerly awaits an upgrade that promises to revolutionize the creation of decentralized applications on May 15, 2023. Last November, blockchain developer Jason Dreyzehner shared the news that the 2023 upgrade had been successfully added to the testnet network. Dreyzehner elaborated on the forthcoming improvements, which will introduce Cashtokens capable of generating a plethora of possibilities, from identity tokens and covenant-tracking identity tokens, to voting with fungible tokens, sealed voting, multithreaded covenants, and multi-covenant decentralized applications.
In the interim, BCH enthusiasts have been introduced to the full-fledged production version of BCH Bull. The decentralized finance (defi) application empowers users to long or hedge their BCH against various tradable assets. The project’s developers announced the latest release on April 17, 2023, and disclosed several new enhancements, adding to the platform’s appeal. “BCH Bull Production release is out,” the defi application’s devs announced on Twitter. “2x the contract size, 3x the contract duration, approx 30% cheaper fees, additional asset (CNY), premium tracker and language localization.”
BCH Bull has a new asset! Now you can hedge or leverage against Chinese Yuan (CNY). BCH Bull also has language localization, with Chinese language support. We hope to add more assets and language support as we grow! #bethebull #bch #cny #bitcoincash #utxo #chinese #chineseyuan pic.twitter.com/7Ts7qy3jFp
— BCH BULL (@BCH_BULL) April 18, 2023
April marked yet another significant milestone for Cashfusion, as the number of fusions jumped beyond $2 billion in value since its inception on November 28, 2019. Presently, over 17.4 million bitcoin cash (BCH) has been fused, currently valued at $2,049,395,837 according to current BCH exchange rates. This achievement has come at a time when Coinjoin processes have come under intense scrutiny. Both Cashfusion and Conjoin techniques are employed to obscure the origin and destination of crypto transactions, but their approaches and levels of privacy differ vastly.
While Coinjoin combines multiple crypto transactions, making it difficult to determine which inputs are associated with which outputs, it is not infallible as some patterns can still be identified. In contrast, Cashfusion is considered a more sophisticated privacy technique that utilizes a multi-party computation (MPC) protocol to blend transactions in such a way that even the participants cannot decipher which inputs are associated with which outputs. Data analyst James Waugh conducted tests on Cashfusion in 2020 and strongly endorsed the scheme’s practicality over other Coinjoin methods.
With just 18 days left before the much-anticipated BCH upgrade, Bitcoin Cash supporters are looking forward to the introduction of additional privacy-enhancing, decentralized applications. While they await the upgrade, BCH proponents are still taking advantage of tools like BCH Bull and Cashfusion. Along with the impressive Cashfusion milestone, this privacy application has now been integrated into the Electron Cash mobile wallet for Android systems, bolstering its accessibility.
What do you think about the latest Bitcoin Cash milestones ahead of the May upgrade? Share your thoughts in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
A recent survey made public by the online comparison platform Finder.com has revealed the predictions of 32 professionals in the fields of fintech and cryptocurrency. The specialists have expressed their conviction that ethereum, the second largest digital asset by market capitalization, will culminate at $2,342 per unit by the end of 2023.
Crypto and fintech specialists have convened to predict ethereum’s (ETH) future price in the latest Finder’s prediction report. Along with the projected price, the Shapella upgrade has been a topic of discussion among the Finder survey’s respondents.
Out of the total number of panelists, 21% expressed their concern over the potential centralization of the Ethereum network following the implementation of Shapella. Furthermore, half of the professionals surveyed anticipated an increase in regulatory scrutiny of the project in light of the upgrade.
A consensus among the majority of Finder’s experts was reached, indicating that ether will attain a peak of about $2,758 this year, but eventually fall within the range of $2,342 per unit by year-end. Regarding the panel’s opinions, 53% of the respondents recommended the purchase of ethereum at present, while 13% proposed it is time to sell. The remaining 33% of panelists suggested holding on to ethereum and patiently awaiting the opportune moment.
Paul Levy, a senior lecturer at the University of Brighton, is of the view that ether will conclude 2023 at $2,200 per coin. Levy believes that people have faith in ether’s future potential since it “is seen as a stable option offering more dependable continuity amidst the collapse of less rigorously tested platforms and coins.”
The team of experts at Finder.com has also expressed their belief that ether will reach $5,491 by the conclusion of 2025, and they have further forecasted that by 2030, a solitary unit of ether will exchange for $14,814. Despite the consensus prediction of $2,342 per unit by the end of the year, some panelists were more optimistic about ethereum’s future prospects, anticipating even higher prices.
Ilya Volkov, CEO of Youhodler, is one such optimist, forecasting an end-of-year price of $2,600 per unit. “ETH as the second-largest cryptocurrency will continue to correlate with BTC and increase in price in the long distance,” Volkov expressed. Damian Chmiel, a senior analyst and editor at Finance Magnates, predicts an even higher price point of $3K per ETH by the year’s end.
Chmiel wrote:
The three-thousand-dollar level is merely a return to the prices of a year ago, far from a speculative bull run, and only allowing for a more honest and fundamental valuation of the asset.
In addition, 50% of the expert panel at Finder.com have expressed their belief that ethereum is presently “priced fairly,” whereas 40% contend that it is “underpriced.” A smaller 10% faction is of the opinion that ETH is currently “overpriced.” Ruadhan O, the creator of Seasonal Tokens, has set his sights on an end-of-year price of $2,200 per unit. Ruadhan O underlined his concern regarding the potential classification of ETH as a security by the United States Securities and Exchange Commission (SEC).
“Ethereum could be classified as a security by the SEC, because Ethereum investors are effectively betting on the future performance of the developers,” Ruadhan O said. “The New York Attorney General has recently made this argument in a lawsuit against Kucoin, and the SEC may adopt the same argument as it seeks to assert jurisdiction over Ethereum.”
The latest Finder’s ethereum prediction report is higher than the forecast experts predicted in January 2023. You can check out Finder’s ethereum price prediction report in its entirety here.
What are your thoughts on Finder’s predictions for Ethereum’s prices in 2023? Do you agree with the experts’ assessment or do you see a different outcome for the leading smart contract platform? Let us know in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
A recent survey made public by the online comparison platform Finder.com has revealed the predictions of 32 professionals in the fields of fintech and cryptocurrency. The specialists have expressed their conviction that ethereum, the second largest digital asset by market capitalization, will culminate at $2,342 per unit by the end of 2023.
Crypto and fintech specialists have convened to predict ethereum’s (ETH) future price in the latest Finder’s prediction report. Along with the projected price, the Shapella upgrade has been a topic of discussion among the Finder survey’s respondents.
Out of the total number of panelists, 21% expressed their concern over the potential centralization of the Ethereum network following the implementation of Shapella. Furthermore, half of the professionals surveyed anticipated an increase in regulatory scrutiny of the project in light of the upgrade.
A consensus among the majority of Finder’s experts was reached, indicating that ether will attain a peak of about $2,758 this year, but eventually fall within the range of $2,342 per unit by year-end. Regarding the panel’s opinions, 53% of the respondents recommended the purchase of ethereum at present, while 13% proposed it is time to sell. The remaining 33% of panelists suggested holding on to ethereum and patiently awaiting the opportune moment.
Paul Levy, a senior lecturer at the University of Brighton, is of the view that ether will conclude 2023 at $2,200 per coin. Levy believes that people have faith in ether’s future potential since it “is seen as a stable option offering more dependable continuity amidst the collapse of less rigorously tested platforms and coins.”
The team of experts at Finder.com has also expressed their belief that ether will reach $5,491 by the conclusion of 2025, and they have further forecasted that by 2030, a solitary unit of ether will exchange for $14,814. Despite the consensus prediction of $2,342 per unit by the end of the year, some panelists were more optimistic about ethereum’s future prospects, anticipating even higher prices.
Ilya Volkov, CEO of Youhodler, is one such optimist, forecasting an end-of-year price of $2,600 per unit. “ETH as the second-largest cryptocurrency will continue to correlate with BTC and increase in price in the long distance,” Volkov expressed. Damian Chmiel, a senior analyst and editor at Finance Magnates, predicts an even higher price point of $3K per ETH by the year’s end.
Chmiel wrote:
The three-thousand-dollar level is merely a return to the prices of a year ago, far from a speculative bull run, and only allowing for a more honest and fundamental valuation of the asset.
In addition, 50% of the expert panel at Finder.com have expressed their belief that ethereum is presently “priced fairly,” whereas 40% contend that it is “underpriced.” A smaller 10% faction is of the opinion that ETH is currently “overpriced.” Ruadhan O, the creator of Seasonal Tokens, has set his sights on an end-of-year price of $2,200 per unit. Ruadhan O underlined his concern regarding the potential classification of ETH as a security by the United States Securities and Exchange Commission (SEC).
“Ethereum could be classified as a security by the SEC, because Ethereum investors are effectively betting on the future performance of the developers,” Ruadhan O said. “The New York Attorney General has recently made this argument in a lawsuit against Kucoin, and the SEC may adopt the same argument as it seeks to assert jurisdiction over Ethereum.”
The latest Finder’s ethereum prediction report is higher than the forecast experts predicted in January 2023. You can check out Finder’s ethereum price prediction report in its entirety here.
What are your thoughts on Finder’s predictions for Ethereum’s prices in 2023? Do you agree with the experts’ assessment or do you see a different outcome for the leading smart contract platform? Let us know in the comments section below.
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 7,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
PRESS RELEASE. Dubai, UAE – DeFi infrastructure protocol WeFi (formerly Paxo Finance), is preparing to launch through an IDO to be held on May 5 through its launchpad partner Kommunitas. WeFi will focus on building products for the masses, aiming to solve the fragmentation and UX issues prevalent in the DeFi space by bringing a more inclusive and easier-to-use DeFi experience for all.
With backing from the likes of Cogitent Ventures, Big Brain Capital, PHD Capital, Zebpay, China Polka, BMW Capital and many others, WeFi’s grand vision is to bring the next wave of millions of users to DeFi in a truly decentralized and compliant way. WeFi (short for “We Finance”) was created to address traders, crypto investors, and market makers’ biggest pain points, including high funding rates, high slippage, and flash liquidation.
Its first product release will be the “leveraged vault” – a third-generation DeFi product that lets users leverage everything, including leveraged trades, leveraged farms, and leveraged staking. This will allow users to stake or farm their leveraged asset within the protocol to earn additional yield. This is a significantly better alternative to typical margin trading because it enables users to earn passive income by farming and staking with their leveraged position. WeFi will also offer interest rates 80% cheaper than other margin platforms, providing users with more cost-effective options.
WeFi’s permissionless, trustless leverage vault is for traders, farmers, and even those new to DeFi. The protocol gives users an alternative to leverage trading by offering investment loans, leverage farms, and leverage staking with an omnichain approach. WeFi users can borrow to invest in fungible, non-fungible, or real-world tokenized assets, or to participate in leveraged yield farms/staking pools.
WeFi users can purchase fungible tokens with just a 20% down payment, and are able to invest in both long and short positions. WeFi’s permissionless and trustless architecture means no KYC or credit score required. Users can earn farm rewards while holding a leverage position, as well as borrow for staking and farming. WeFi offers a decentralized way for users to borrow or lend capital. Borrowers gain the opportunity to take loans to invest in crypto while lenders can capitalize on a secure way to lend capital and earn interest.
WeFi’s community is made up of 70,000 DeFi enthusiasts and growing across Twitter, Discord, and Telegram. It recently had 27,000 users in its incentivized testnet program. Its Alpha mainnet is currently live on the Polygon Network with more than 4,000 registered users and 2,800 MAU. The protocol has undergone two recent audits, with the latest completed by Peckshield.
WeFi’s IDO will launch through the Kommunitas launchpad on May 5.
About WeFi
WeFi, (formerly known as Paxo Finance), is an on-chain “composable leverage vault” protocol that operates in a permissionless and trustless manner. The protocol provides use cases around on-chain leveraged trade, leveraged farms, and leveraged staking. WeFi users can borrow to invest in fungible, non-fungible, or real-world tokenized assets, or borrow to invest in leveraged yield farms/staking pools. Risk for lenders is mitigated by enabling a walled garden approach (Vault). WeFi is currently live on the Polygon chain and has a community of 70,000 on Twitter, Telegram, and Discord. The protocol has undergone two audits, with the recent audit completed by Pecksheild.
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
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Image Credits: Shutterstock, Pixabay, Wiki Commons
Following a Brief Fee Spike, Gas Prices to Move Ethereum Drop 76% in 12 Days
Transaction fees on the Ethereum network are dropping again after average fees saw a brief spike on April 5 jumping to $43 per transfer. 12 days later, average ether fees are close to dropping below $10 per transaction and median-sized ... read more.
Source From : News