Declining DEX volumes reflect DeFi investors shift to Bitcoin, data shows

Declining DEX volumes reflect DeFi investors shift to Bitcoin, data shows

MARKETS NEWS

Declining DEX volumes reflect DeFi investors shift to Bitcoin, data shows

by António Madeira

Steadily declining DEX trading volumes and disintegrating DeFi token prices suggest investors have shifted their focus back to Bitcoin.

Read moreDeclining DEX volumes reflect DeFi investors shift to Bitcoin, data shows

Marathon and Riot battle for the title of America’s biggest Bitcoin miner

Marathon and Riot battle for the title of America’s biggest Bitcoin miner

NEWS

Marathon and Riot battle for the title of America’s biggest Bitcoin miner

by Samuel Haig

A recent purchase of 10,000 Antminer S-19s has placed Marathon Patent Group on-track to become North America’s largest Bitcoin mining firm by Q3 2021.

Read moreMarathon and Riot battle for the title of America’s biggest Bitcoin miner

Basic Attention Token

asic Attention Token is the new token for the digital advertising industry created by founder of Javascript. It pays publishers for their content and users for their attention while providing advertisers with more in return for their ads.

Basic Attention Token shares 70% of their ad revenues with their users. Simply download the Brave browser, enable “Brave Ads” within the browser and get notified about ads to earn free BAT while surfing the web. You can also earn BAT by claiming random token grants worth 25-40 BAT. New token grants typically become available on a monthly basis. Users may claim token grants once every 30 days on a first-come-first-served basis. You can do so by downloading Brave and enabling “Brave Rewards” to be eligible for possible token grants. A notification will appear on the Rewards icon when a grant is available. Also, earn up to $5 worth BAT for each referral. Basic Attention Token is already listed on Coinmarketcap.

Read moreBasic Attention Token

Uniswap

Uniswap, a fully decentralized protocol for automated liquidity provision on Еthеrеum, released its governance token UNI.

60% of the UNI genesis supply is allocated to Uniswap community members, a quarter of which (15% of total supply) can be claimed by historical users, liquidity providers, and SOCKS redeemers based on a Snapshot at September 1, 2020 12:00 am UTC.

400 UNI are claimable by each address that has ever called the Uniswap v1 or v2 contracts. This includes ~12,000 addresses that have only ever submitted failed transactions.

49 million UNI are claimable by historical liquidity providers. The formula accounts for LP liquidity on a per-second basis since the deployment of Uniswap v1, ensuring that rewards are weighted towards LPs that provided liquidity when total liquidity was low.

1000 UNI are claimable by each address that has either redeemed SOCKS tokens for physical socks or owned at least one SOCKS token at the snapshot date.

Read moreUniswap

What are Ethereum Smart Contracts

One of the fundamental technologies that underpins the Ethereum network is the development of “Smart Contracts”. Whereas Bitcoin and other cryptocurrencies were developed for the sole purpose of being a Peer-to-Peer digital currency, Ethereum was developed as a concept for running decentralised applications.

In their simplest forms, smart contracts are pieces of computer code that have built in logic and conditions that define their outcome. They are also run in a decentralised manner by all the computers on the network (nodes) and are stored and replicated on the ledger (blockchain).

They are nothing more than relatively simple programs that will execute “if this then that” functions. Hence, unlike simple blockchains that will store data in a decentralised manner, smart contracts will be run as decentralised calculations. They were first theorised by Nick Szabo in 1994 as a way of digitizing contracts that could be run as computer code.

Read moreWhat are Ethereum Smart Contracts