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“This council was formed with the intention of representing the club at large and providing a new avenue of perspective,” the blog post reads. “The council, and future councils to come, puts a more formal, efficient and consistent process in place for Yuga leadership to get community feedback and advice
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Cryptocurrency exchange Binance has announced it completed the first burn of Terra Classic tokens’ trading fees in response to a community proposal from September.In an Oct. 3 update, Binance CEO Changpeng Zhao said the exchange had burned roughly $1.8 million worth of Terra Classic (LUNC) — formerly Terra (LUNA) —
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New CEO Jared Grey said he plans to work out the kinks associated with Sushiswap’s internal structure that may have prompted departures in the past. Source
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After the Ethereum network’s transition to proof-of-stake (PoS), staking Ether (ETH) now plays a central role in validating blocks and securing the network. However, some community members believe that the staking process is too difficult, especially for regular people. In the Ethereum subreddit, a member of the community raised the topic
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As one of the oldest entertainment industries in existence, the music business has experienced many technological advances that enhanced widespread adoption. The digitalization of music meant that artists could reach any audience across the world, and digital distribution gifted people with unlimited access to music. With these advances in distribution came
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Members of the crypto community have cast their ballots, so to speak, and now we’ll find out whether or not their forecast was
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Regarding criticism around corruptible judges, Daniel Goldman, an engineer at Ethereum scaling company Offchain Labs, noted, “Those outcrying against this seem unaware of how many widely used ERC-20 tokens today have centralized admins with *complete* power to arbitrarily rug its holders (mint, burn, freeze, etc.) and get little-to-no pushback for
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To support the Terra community’s efforts to revive the Terra LUNA Classic (LUNC) token, crypto exchange Binance announced an off-chain burning mechanism last week. However, after receiving mixed reactions from community members, the exchange revised its burning approach. On Sept. 23, Binance CEO Changpeng Zhao wrote that the exchange will create
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However, although the votes show overwhelming support for the migration, not everyone has been on board with the network’s choice to move to Solana. Last week, Borderless Capital, an Algorand-focused VC that is backed by Helium, took to Twitter to suggest the network reconsider its choice to move to Solana,
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It’s been less than a day since Ethereum’s historic transition to proof-of-stake, with most of the crypto community still abuzz with excitement following the successful Merge.On Sept. 15 at 06:42:42 UTC, the last Ethereum block using the old proof-of-work consensus mechanism was mined. Replacing it is an energy-efficient proof-of-stake consensus
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