Home / Supply Chain News /Ethereum Classic Hashrate Taps All-Time High Nearing 50 TH/s Ahead Of The Merge

Ethereum Classic Hashrate Taps All-Time High Nearing 50 TH/s Ahead Of The Merge

05 Sep 2022

Toki Universe Family Portrait

Toki Universe, consists of Antiques NFT, PFP, and own Miniverse already in place. A brand-new project on the Ethereum blockchain created with the goal of bringing a breath of fresh air to the NFT space. The fractionalized NFT PFP project is delivering an unprecedented antique-themed NFT collection with an out-of-this-world storyline, inspired by the courageous journey of the ever adventurous and resourceful Toki characters to Planet Earth.

This other-worldly collection comprises 10,000 treasure hunter PFP NFTs built on the ERC-721a Improvement Protocol. Tiny but mighty, the little hunters showcase over 300 hand-drawn attributes that are spread across 14 traits including character type, background, upper body, lower body, pet, and avant-garde accessory.

All holders of Toki Universe will be able to receive, and mint fractionalized antique NFTs issued by DGallery. The fractionalized antique NFT is based on the actual products that the gallery has in store. Most items are purchased from auction houses such as Sotheby’s, Christie, and other private channels. DGallery is established with the sole purpose of putting the spotlight on the rich Chinese cultural and traditional craftsmanship. It brings together thousands of years’ worth of authentic Chinese arts, crafts and heritage, and is committed to preserving them to the fullest extent. On top of that, the gallery has been actively collecting artworks and antiques with high values in China that can be traced back as far as the Ming and Qing dynasties. Today, it has evolved to become a modern antique collection house to serve a wider crowd of zealous and modern art collectors, with more than 1,000 pieces in its inventory to choose from.

Backed by a team of seasoned NFT investors, the pioneers of Toki Universe have witnessed firsthand the successes and pitfalls of other recent projects. They observed that NFT is gradually becoming more common in the mainstream and wanted to create something truly impactful which makes them stand out. In addition, the team understands the importance of delivering transparency and consistency while building a loyal and devoted community in the NFT space. Therefore, a model is employed where unremitting value is channeled back to the community through high-quality artwork and purposeful utility. After successfully assembling a team of experts in their respective fields, the mission to bring Toki Universe to Planet Earth has commenced.

According to Mr. Louivee Lim, the project advisor of Toki Universe: “We want to merge our expertise in both the traditional and virtual world to bring about a fascinating and extraordinary collection that the NFT space has never seen before. While we wow the new world, we also work hard to preserve the old world, which includes beautiful ancient relics.”

Other significant Toki Universe utilities include revenue stream from antique sales, exclusive invitation to play games on metaverse, as well as the opportunity to participate in the Toki Achievement Bar or TAB. Our dedicated roadmap has laid out the timeline for the development of TAB and other benefits of the Toki Universe. This includes the access to merchandise such as T-shirts, hoodies and caps. Holders who have reached a certain level will further unlock invites to the latest and most happening parties and events where they can meet other holders in real life.

There are plans to develop Toki Universe in The Sandbox in the future and Decentraland are in talks and will soon be added to the roadmap. The highly anticipated collaboration with Otherside through the purchase of metaverse lands, as well as joining forces with the Bored Ape Yacht Club have also been added to the pipeline.

The long-term ambition for Toki Universe is to foster a sustainable and community-led environment. 10,000 in total supply of Toki NFTs will soon be launched through the new and exciting Toki Auction medium  to  effectively set the trend and lead the way in the NFT world. Inspired by Doodles, this type of auction allows bidders to bid as much ETH in their initial bids as they wish, while having the option to increase their bids. At the same time, the supply of NFT for sale and auction schedule have been determined and fixed. During the end of the Toki Auction, the clearing price is identified and all bids above the clearing price will successfully receive the NFTs as well as a refund if there is any remainder after taking into consideration the individual user bid and clearing price. For any unsuccessful bids, a full refund will be issued accordingly.

During the actual sale of the antique, a portion of the profits will be channeled back to the community wallet to generate more value for the highly valued and loyal holders. Additionally, holders will also receive access to the dedicated Toki Marketplace.

As the official launch day for Toki Universe is fast approaching, the team is working tirelessly to ensure that things are on track to meet the expectations of future holders while setting the stage for the emerging NFT world.

This trailblazing Toki Universe NFT PFP collection will officially hit the market during a grand launch on September 9, 2022. Toki Universe welcomes every WEB3.0 enthusiast to join their community and be part of their metaverse journey.

“Our design comes with PFP, card game design, and future metaverse game attributes. The first that we know in NFT space. It took us more than 8 months to build this project and we are still at the beginning.” by QX Creative Director of Toki Universe.

Official Launching(Minting): 9th September 2022, 6:00AM EST
Reveal Date: 16th September 2022

Get in touch:

Website: https://tokiuniverse.com/

Twitter: https://twitter.com/tokiuniverse

Discord: https://discord.com/invite/tokiuniverse

Instagram: https://www.instagram.com/tokiuniverse/

Register your interest: https://docs.google.com/forms/d/e/1FAIpQLSd7_M7dJ89vcD6KG_FzFsWe98gns_LBarKKyZhwJYy39LzI1A/viewform

For more information contact: admin@tokiuniverse.com

 

 

 

 

 

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Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

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.

Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament

A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.

Toki Universe Family Portrait

Toki Universe, consists of Antiques NFT, PFP, and own Miniverse already in place. A brand-new project on the Ethereum blockchain created with the goal of bringing a breath of fresh air to the NFT space. The fractionalized NFT PFP project is delivering an unprecedented antique-themed NFT collection with an out-of-this-world storyline, inspired by the courageous journey of the ever adventurous and resourceful Toki characters to Planet Earth.

This other-worldly collection comprises 10,000 treasure hunter PFP NFTs built on the ERC-721a Improvement Protocol. Tiny but mighty, the little hunters showcase over 300 hand-drawn attributes that are spread across 14 traits including character type, background, upper body, lower body, pet, and avant-garde accessory.

All holders of Toki Universe will be able to receive, and mint fractionalized antique NFTs issued by DGallery. The fractionalized antique NFT is based on the actual products that the gallery has in store. Most items are purchased from auction houses such as Sotheby’s, Christie, and other private channels. DGallery is established with the sole purpose of putting the spotlight on the rich Chinese cultural and traditional craftsmanship. It brings together thousands of years’ worth of authentic Chinese arts, crafts and heritage, and is committed to preserving them to the fullest extent. On top of that, the gallery has been actively collecting artworks and antiques with high values in China that can be traced back as far as the Ming and Qing dynasties. Today, it has evolved to become a modern antique collection house to serve a wider crowd of zealous and modern art collectors, with more than 1,000 pieces in its inventory to choose from.

Backed by a team of seasoned NFT investors, the pioneers of Toki Universe have witnessed firsthand the successes and pitfalls of other recent projects. They observed that NFT is gradually becoming more common in the mainstream and wanted to create something truly impactful which makes them stand out. In addition, the team understands the importance of delivering transparency and consistency while building a loyal and devoted community in the NFT space. Therefore, a model is employed where unremitting value is channeled back to the community through high-quality artwork and purposeful utility. After successfully assembling a team of experts in their respective fields, the mission to bring Toki Universe to Planet Earth has commenced.

According to Mr. Louivee Lim, the project advisor of Toki Universe: “We want to merge our expertise in both the traditional and virtual world to bring about a fascinating and extraordinary collection that the NFT space has never seen before. While we wow the new world, we also work hard to preserve the old world, which includes beautiful ancient relics.”

Other significant Toki Universe utilities include revenue stream from antique sales, exclusive invitation to play games on metaverse, as well as the opportunity to participate in the Toki Achievement Bar or TAB. Our dedicated roadmap has laid out the timeline for the development of TAB and other benefits of the Toki Universe. This includes the access to merchandise such as T-shirts, hoodies and caps. Holders who have reached a certain level will further unlock invites to the latest and most happening parties and events where they can meet other holders in real life.

There are plans to develop Toki Universe in The Sandbox in the future and Decentraland are in talks and will soon be added to the roadmap. The highly anticipated collaboration with Otherside through the purchase of metaverse lands, as well as joining forces with the Bored Ape Yacht Club have also been added to the pipeline.

The long-term ambition for Toki Universe is to foster a sustainable and community-led environment. 10,000 in total supply of Toki NFTs will soon be launched through the new and exciting Toki Auction medium  to  effectively set the trend and lead the way in the NFT world. Inspired by Doodles, this type of auction allows bidders to bid as much ETH in their initial bids as they wish, while having the option to increase their bids. At the same time, the supply of NFT for sale and auction schedule have been determined and fixed. During the end of the Toki Auction, the clearing price is identified and all bids above the clearing price will successfully receive the NFTs as well as a refund if there is any remainder after taking into consideration the individual user bid and clearing price. For any unsuccessful bids, a full refund will be issued accordingly.

During the actual sale of the antique, a portion of the profits will be channeled back to the community wallet to generate more value for the highly valued and loyal holders. Additionally, holders will also receive access to the dedicated Toki Marketplace.

As the official launch day for Toki Universe is fast approaching, the team is working tirelessly to ensure that things are on track to meet the expectations of future holders while setting the stage for the emerging NFT world.

This trailblazing Toki Universe NFT PFP collection will officially hit the market during a grand launch on September 9, 2022. Toki Universe welcomes every WEB3.0 enthusiast to join their community and be part of their metaverse journey.

“Our design comes with PFP, card game design, and future metaverse game attributes. The first that we know in NFT space. It took us more than 8 months to build this project and we are still at the beginning.” by QX Creative Director of Toki Universe.

Official Launching(Minting): 9th September 2022, 6:00AM EST
Reveal Date: 16th September 2022

Get in touch:

Website: https://tokiuniverse.com/

Twitter: https://twitter.com/tokiuniverse

Discord: https://discord.com/invite/tokiuniverse

Instagram: https://www.instagram.com/tokiuniverse/

Register your interest: https://docs.google.com/forms/d/e/1FAIpQLSd7_M7dJ89vcD6KG_FzFsWe98gns_LBarKKyZhwJYy39LzI1A/viewform

For more information contact: admin@tokiuniverse.com

 

 

 

 

 

This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.

Bitcoin.com is the premier source for everything crypto-related. Contact the Media team on ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

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.

Draft Law Regulating Aspects of Crypto Taxation Submitted to Russian Parliament

A bill updating Russia’s tax law to incorporate provisions pertaining to cryptocurrencies has been filed with the State Duma, the lower house of parliament. The legislation is tailored to regulate the taxation of sales and profits in the country’s market ... read more.

Ethereum Classic’s hashrate surpassed the 40 terahash per second (TH/s) region last Wednesday and four days later, the network’s hashpower reached an all-time high (ATH) at 48.82 TH/s on September 4. Ethereum’s transition from proof-of-work (PoW) to proof-of-stake (PoS) is expected to take place eight days from now, and a great deal of hashrate has left the crypto asset’s network during the last few days.

The sibling blockchain of Ethereum, known as Ethereum Classic, has been reaping the benefits of Ethereum’s upcoming upgrade called The Merge. That’s because when The Merge happens, ethereum (ETH) miners will no longer be able to mine ETH as the blockchain will transition to a PoS system.

Four days ago, Bitcoin.com News reported on ETC’s hashrate rise over the 40 TH/s zone but at that time, Ethereum’s hashrate remained the same. The report noted that the hashrate would likely come in waves, and since the report on August 31, 2022, the waves of hashpower have started to increase.

Metrics recorded by the Ethash mining pool 2miners.com indicates that ETC’s hashrate tapped an ATH at 48.82 TH/s on September 4. Ethereum Classic’s hashrate is 19.86% higher than the ATH recorded on August 31. At that time, Ethereum’s hashrate remained roughly the same but during the course of the last four days, it’s been fluctuating more often and declining at the same time.

By the first day of September, ETH’s hashrate according to 2miners.com statistics was coasting along at 917 TH/s. Today, on September 5, Ethereum’s hashrate is running at 926.02 TH/s and Ethereum Classic’s hashpower has a dedicated 46 TH/s. ETC’s hashrate is just a hair down from the 48.82 TH/s ATH and will likely surpass the ATH again this week.

The Merge is expected to happen in just over eight days from now and it’s likely larger waves of hashrate will move from ETH to ETC. However, there is a planned Ethereum PoW fork in the cards called ETHW and the public won’t know how much hashrate this proposed chain will have until the network’s first few days of mining.

At the time of writing, Ethermine.org is the largest ethereum mining pool with 260 TH/s dedicated to the chain. Ethermine noted at the end of August it would stop mining ethereum at the PoW level and revealed it would offer a liquid staking service for ETH 2.0. Antpool announced it would not support a new ETH PoW chain and said it would bolster ETC. Antpool also revealed an Ethereum Classic firmware upgrade for the company’s E9 Ethash mining rig.

Below Ethermine’s hashrate, in terms of the largest dedicated streams of Ethereum hashpower, are the mining pools F2pool, Hiveon, Poolin, 2miners.com, and Flexpool.io. Most of the mining pools that mine ethereum (ETH) mine ethereum classic as well. Poolin is the largest ETC mining pool on Monday with 9.73 TH/s of hashrate dedicated to the chain. Poolin is followed by F2pool, 2miners.com, Ethermine, Hiveon, and Antpool.

What do you think about Ethereum Classic’s hashrate tapping an all-time high on September 4? Let us know what you think about this subject 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 5,700 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons, wenmerge.com, 2miners.com,

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.

Central Bank of Brazil Confirms It Will Run a Pilot Test for Its CBDC This Year

The Central Bank of Brazil has confirmed that the institution will run a pilot test regarding the implementation of its proposed central bank digital currency (CBDC), the digital real. Roberto Campos Neto, president of the bank, also stated that this ... read more.

Source From : News

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