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Ethereum (ETH) co-founder has tweeted about his desire to ‘make Ethereum cypherpunk again’, calling for a return to the blockchain’s roots. Ethereum had taken a backseat to financialization in 2017. However, Buterin now champions the revival of the Cypherpunk revolution, emphasizing values like decentralization, open participation, and censorship resistance.
The news comes as Ethereum’s main competitor, Solana, slid back behind BNB and experienced a price drop. BlockDAG (BDAG), the new proof-of-work project, has launched a referral program for those who buy the coins. It is to accompany the presale of crypto’s innovative line of crypto mining rigs.
Buterin Shocks the Market with Ethereum’s New Proposal
Vitalik Buterin has recently come out with a controversial proposal. He suggested a drastic reduction in the number of proof-of-stake validators from 900,000 to a mere 8.192.
Vitalik Buterin’s proposal goes beyond merely reducing the number of validators involved in Ethereum’s consensus mechanism. The proposal outlines three potential approaches to implementing a streamlined signature scheme. These approaches include relying exclusively on decentralized staking pools, adopting a two-tiered system with varying staking requirements, or introducing a rotation mechanism for participation across slots to ensure accountability.
Solana’s Soft Landing
‘Ethereum-killer’ Solana dropped below $100, even after weeks of frenzy and meme coin rallies. It seems like the SOL party is heading towards a cooldown. BONK and WIF meme coins native to Solana are also down about 50% from their peaks in December 2023.
Solana fans should not fret. However, the token’s resilience and strength are undeniable since it’s one of 2023’s top performers with a 900% rally. Only time will tell if Solana will lead a meme coin renaissance or fade away altogether.
BlockDAG Coins Sprints into the Future
Presale crypto’s BlockDAG’s USP centers around its daring pledge – its six-month mainnet launch. This is huge since crypto development cycles can usually take years. What’s the secret behind this sprint? BDAG has an advanced infrastructure and a team of experts working around the clock.
BlockDAG also has rewards in store for its community, with its line of miners and a referral program. The platform offers a referral when you bring your friends along for the ride.
The rewards don’t stop there. BlockDAG also has a line of mining machines, which means you can earn BDAG coins right from the comfort of your own home. The X-series crypto mining rigs range from the mobile X1 to the monster powerhouse X100.
Decoding the Market’s Ups and Downs
Vitalik Buterin has repeatedly proven why he’s among the most innovative minds in the cryptocurrency industry. Solana shows crypto investors just how volatile the market is, but legacy tokens are as strong as ever. BlockDAG stands out in PoW with a hybrid consensus mechanism and crypto mining rigs.
Invest in the BlockDAG Presale NOW:
Presale: https://purchase.blockdag.network
Website: https://blockdag.network
Telegram: https://t.me/blockDAGnetwork
Discord: https://discord.gg/Q7BxghMVyu
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Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
