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Pyth's Ongoing Airdrop: Empowering Crypto Users with $140 Million – Round 2 Unveiled
In the ever-evolving landscape of decentralized finance (DeFi), Pyth, the oracle network built on Solana, is making waves with its substantial airdrop initiative. The second phase of this groundbreaking airdrop promises to further benefit developers and users engaged in decentralized applications (dApps) leveraging Pyth's data.
Phase 1 Recap:
Pyth's journey began with a remarkable Phase 1 airdrop, injecting a whopping $140 million into the wallets of crypto enthusiasts. This unprecedented move marked a significant milestone in the realm of airdrop distributions and demonstrated Pyth's commitment to fostering growth within the decentralized ecosystem.
Empowering Dapp Developers:
As the DeFi space continues to expand, the importance of reliable and accurate data oracles cannot be overstated. Pyth's oracle network plays a pivotal role in this regard by providing real-time, verifiable data to dApps built on the Solana blockchain. The ongoing airdrop is designed to reward developers utilizing Pyth's data infrastructure, fostering innovation and development within the Solana ecosystem.
Round 2 Unveiled:
Building on the success of the initial airdrop, Pyth is now gearing up for Round 2. This phase is set to bring additional opportunities for crypto users and developers alike. The specifics of the airdrop, including eligibility criteria and token distribution details, are eagerly anticipated by the community.
Key Takeaways:
1. Pyth's Impactful Airdrop: The first phase injected $140 million into the hands of crypto users, creating a positive ripple effect within the community.
2. Supporting Solana's Ecosystem: Pyth's oracle network strengthens the Solana blockchain by providing reliable data feeds for decentralized applications.
3. Developer-Focused Approach: The ongoing airdrop aims to empower developers building on Solana by rewarding them for utilizing Pyth's data infrastructure.
4. Anticipation for Round 2: The community eagerly awaits details about the second phase of the airdrop, anticipating further rewards and opportunities.
Conclusion:
Pyth's commitment to empowering the decentralized finance space through substantial airdrops and reliable data oracles showcases its dedication to the growth of the Solana ecosystem. As Round 2 unfolds, crypto users and developers are poised to benefit further from Pyth's innovative approach to incentivizing and supporting the thriving DeFi landscape on Solana.
$PYTH $SOL #PYTH #airdrop #stakers
Guys we need your support ! Just $1 tip for a galaxy of ideas. Your pocket change, our research game changer. Let's tip the scales together!😇😇
Phase 1 Recap:
Pyth's journey began with a remarkable Phase 1 airdrop, injecting a whopping $140 million into the wallets of crypto enthusiasts. This unprecedented move marked a significant milestone in the realm of airdrop distributions and demonstrated Pyth's commitment to fostering growth within the decentralized ecosystem.
Empowering Dapp Developers:
As the DeFi space continues to expand, the importance of reliable and accurate data oracles cannot be overstated. Pyth's oracle network plays a pivotal role in this regard by providing real-time, verifiable data to dApps built on the Solana blockchain. The ongoing airdrop is designed to reward developers utilizing Pyth's data infrastructure, fostering innovation and development within the Solana ecosystem.
Round 2 Unveiled:
Building on the success of the initial airdrop, Pyth is now gearing up for Round 2. This phase is set to bring additional opportunities for crypto users and developers alike. The specifics of the airdrop, including eligibility criteria and token distribution details, are eagerly anticipated by the community.
Key Takeaways:
1. Pyth's Impactful Airdrop: The first phase injected $140 million into the hands of crypto users, creating a positive ripple effect within the community.
2. Supporting Solana's Ecosystem: Pyth's oracle network strengthens the Solana blockchain by providing reliable data feeds for decentralized applications.
3. Developer-Focused Approach: The ongoing airdrop aims to empower developers building on Solana by rewarding them for utilizing Pyth's data infrastructure.
4. Anticipation for Round 2: The community eagerly awaits details about the second phase of the airdrop, anticipating further rewards and opportunities.
Conclusion:
Pyth's commitment to empowering the decentralized finance space through substantial airdrops and reliable data oracles showcases its dedication to the growth of the Solana ecosystem. As Round 2 unfolds, crypto users and developers are poised to benefit further from Pyth's innovative approach to incentivizing and supporting the thriving DeFi landscape on Solana.
$PYTH $SOL #PYTH #airdrop #stakers
Guys we need your support ! Just $1 tip for a galaxy of ideas. Your pocket change, our research game changer. Let's tip the scales together!😇😇
👉👉👉 $ETH self-staking key to ‘atomic generational wealth’ — Ethereum dev
Staking Ether (ETH) from home, despite potentially costing over $70,000, is touted as the ideal approach by an #Ethereum core developer, who sees it as a means to foster long-term value and create generational wealth.
Superphiz, a core developer and founding member of the ETHStaker Community, advocates for home-based validation, envisioning families operating validators that secure the network for extended periods, possibly surpassing a century. He reintroduced the "#stakefromhome" narrative amid concerns about the centralization of Ethereum validators when Geth, one of the network's execution clients, attained an 84% network share.
Superphiz contends that while third-party staking solutions offer easier entry compared to solo staking (requiring 32 ETH or $73,000 at current prices), they centralize funds under "centralized control." He believes that despite the substantial initial costs of solo staking, it will enhance Ethereum's decentralization, ultimately increasing the value of Ethereum and its underlying asset. This stands in contrast to third-party solutions that, according to him, contribute to short-term centralization for profit.
He expresses concern that many holders opting for third-party solutions end up deposited in large institutions, leading to centralization and long-term devaluation of the asset.
Superphiz acknowledges that not everyone can afford to stake 32 ETH individually but suggests that numerous ETH investors and #stakers could still make the transition.
Staking from home, in Superphiz's view, enhances the long-term value of Ether, ensuring that the "voice of Ethereum" reflects the sentiments of people globally rather than a few centralized providers. He asserts that true decentralization instills confidence in national governments, corporations, and citizens, fostering trust in the chain for secure and confident operations.
Source - cointelegraph.com
#CryptoNews #BinanceSquare
Staking Ether (ETH) from home, despite potentially costing over $70,000, is touted as the ideal approach by an #Ethereum core developer, who sees it as a means to foster long-term value and create generational wealth.
Superphiz, a core developer and founding member of the ETHStaker Community, advocates for home-based validation, envisioning families operating validators that secure the network for extended periods, possibly surpassing a century. He reintroduced the "#stakefromhome" narrative amid concerns about the centralization of Ethereum validators when Geth, one of the network's execution clients, attained an 84% network share.
Superphiz contends that while third-party staking solutions offer easier entry compared to solo staking (requiring 32 ETH or $73,000 at current prices), they centralize funds under "centralized control." He believes that despite the substantial initial costs of solo staking, it will enhance Ethereum's decentralization, ultimately increasing the value of Ethereum and its underlying asset. This stands in contrast to third-party solutions that, according to him, contribute to short-term centralization for profit.
He expresses concern that many holders opting for third-party solutions end up deposited in large institutions, leading to centralization and long-term devaluation of the asset.
Superphiz acknowledges that not everyone can afford to stake 32 ETH individually but suggests that numerous ETH investors and #stakers could still make the transition.
Staking from home, in Superphiz's view, enhances the long-term value of Ether, ensuring that the "voice of Ethereum" reflects the sentiments of people globally rather than a few centralized providers. He asserts that true decentralization instills confidence in national governments, corporations, and citizens, fostering trust in the chain for secure and confident operations.
Source - cointelegraph.com
#CryptoNews #BinanceSquare
Hi Guys,
Alert! About $ETH #stakers
27% of Ethereum Now Staked: $98 Billion Committed as Interest Peaks
Recent data reveals that over 27% of all ether, amounting to 32,472,720 ethereum, is currently staked, as interest in this activity has heightened significantly within the past year.
Liquid staking derivative (LSD) protocols have locked in more than $40 billion, with Lido Finance holding $28.77 billion of that sum.
#bitcoinhalving #Memecoins #Ethereum✅ #Write2Earns
Alert! About $ETH #stakers
27% of Ethereum Now Staked: $98 Billion Committed as Interest Peaks
Recent data reveals that over 27% of all ether, amounting to 32,472,720 ethereum, is currently staked, as interest in this activity has heightened significantly within the past year.
Liquid staking derivative (LSD) protocols have locked in more than $40 billion, with Lido Finance holding $28.77 billion of that sum.
#bitcoinhalving #Memecoins #Ethereum✅ #Write2Earns
EigenLayer's airdrop sparked controversy. Users criticize the locked, non-tradable tokens, limited snapshot window, and geo-restrictions.
While some defend the 15% user allocation and linear distribution, others call it unfair, especially for smaller #stakers .
The 30-country ban, including US and #China , angers users who staked from there. Despite the outrage, some believe critics are overreacting and the overall allocation is generous.
#EigenLayer #BullorBear #cryptoniteuae
While some defend the 15% user allocation and linear distribution, others call it unfair, especially for smaller #stakers .
The 30-country ban, including US and #China , angers users who staked from there. Despite the outrage, some believe critics are overreacting and the overall allocation is generous.
#EigenLayer #BullorBear #cryptoniteuae
Why Choose #PowerAgent for Your Node Running Needs?
https://x.com/powerpoolcvp/status/1807478192808358054
✅ Maximize Efficiency: Adding a #PowerAgentv2 Keeper / #node on top of an #Ethereum node significantly enhances operational efficiency.
✅ Support Independent Home Stakers: PowerAgent contributes to the growth of small, independent home #stakers , which is highly valued in the #ETH community.
✅ Improved Rewards: #PowerPool , through the PowerAgent network, is enhancing rewards for node runners, ensuring better returns for your efforts.
✅ Seamless Integration: PowerAgent is designed to easily integrate with existing Ethereum nodes, making it an effortless addition for maximizing benefits.
✅ Scalability and Reliability: With PowerAgent, you can ensure scalable and reliable #automation across large numbers of #EVM chains.
Unlock the potential of #decentralized automation with PowerAgent and elevate your node running experience!
Become a PowerAgent v2 #Keeper Today: https://docs.powerpool.finance/powerpool-and-poweragent-network/power-agent/user-guides-and-instructions/i-want-to-become-a-keeper
https://x.com/powerpoolcvp/status/1807478192808358054
✅ Maximize Efficiency: Adding a #PowerAgentv2 Keeper / #node on top of an #Ethereum node significantly enhances operational efficiency.
✅ Support Independent Home Stakers: PowerAgent contributes to the growth of small, independent home #stakers , which is highly valued in the #ETH community.
✅ Improved Rewards: #PowerPool , through the PowerAgent network, is enhancing rewards for node runners, ensuring better returns for your efforts.
✅ Seamless Integration: PowerAgent is designed to easily integrate with existing Ethereum nodes, making it an effortless addition for maximizing benefits.
✅ Scalability and Reliability: With PowerAgent, you can ensure scalable and reliable #automation across large numbers of #EVM chains.
Unlock the potential of #decentralized automation with PowerAgent and elevate your node running experience!
Become a PowerAgent v2 #Keeper Today: https://docs.powerpool.finance/powerpool-and-poweragent-network/power-agent/user-guides-and-instructions/i-want-to-become-a-keeper
👉👉👉 Are PoS networks really more expensive to attack than PoW?
The Cost Dynamics of Attacking PoS vs. PoW Networks: Insights from #BITMEX
Renting vs. Buying: Cost Dynamics
Attacking a PoW Network
- Controlling 51% of Bitcoin’s mining power costs about $2 billion annually, considering miners’ annual earnings of $10 billion and a 20% premium to entice them.
Attacking a PoS Network
- Controlling enough staked Ethereum costs around $1.2 billion annually, given #stakers ' earnings of $3 billion and needing only a third of the total stake to disrupt the network.
Comparative Perspective
- BitMEX notes that the cost to attack PoS and PoW networks is comparable when normalized for market capitalizations, challenging the belief that PoS is inherently harder to attack.
Permanent Threats: Buying and Building
PoW Networks
- Permanent attacks require buying and maintaining 51% of mining hardware, involving continuous billion-dollar expenditures over years.
PoS Networks
- Acquiring a third of staked Ethereum might cost around $100 billion, potentially triggering a market surge and making the attack counterproductive. It involves a significant one-time investment rather than ongoing expenses.
Confiscation Risks and Real-World Anchors
PoW Systems
- Mining hardware is vulnerable to physical confiscation.
PoS Systems
- Stakes can be moved across borders easily, reducing confiscation risks, as moving a private key is undetectable.
Vulnerabilities in Both Systems
- Both PoW and PoS have vulnerabilities: PoS networks could be destroyed by controlling significant stakes, while PoW networks might recover as mining hardware degrades.
Conclusion
BitMEX concludes that while PoS lacks a real-world anchor, making it potentially more susceptible to certain attacks, both PoW and PoS require strategic considerations for long-term security and stability.
Source - cryptopolitan.com
#CryptoTrends2024 #BinanceSquareTrends
The Cost Dynamics of Attacking PoS vs. PoW Networks: Insights from #BITMEX
Renting vs. Buying: Cost Dynamics
Attacking a PoW Network
- Controlling 51% of Bitcoin’s mining power costs about $2 billion annually, considering miners’ annual earnings of $10 billion and a 20% premium to entice them.
Attacking a PoS Network
- Controlling enough staked Ethereum costs around $1.2 billion annually, given #stakers ' earnings of $3 billion and needing only a third of the total stake to disrupt the network.
Comparative Perspective
- BitMEX notes that the cost to attack PoS and PoW networks is comparable when normalized for market capitalizations, challenging the belief that PoS is inherently harder to attack.
Permanent Threats: Buying and Building
PoW Networks
- Permanent attacks require buying and maintaining 51% of mining hardware, involving continuous billion-dollar expenditures over years.
PoS Networks
- Acquiring a third of staked Ethereum might cost around $100 billion, potentially triggering a market surge and making the attack counterproductive. It involves a significant one-time investment rather than ongoing expenses.
Confiscation Risks and Real-World Anchors
PoW Systems
- Mining hardware is vulnerable to physical confiscation.
PoS Systems
- Stakes can be moved across borders easily, reducing confiscation risks, as moving a private key is undetectable.
Vulnerabilities in Both Systems
- Both PoW and PoS have vulnerabilities: PoS networks could be destroyed by controlling significant stakes, while PoW networks might recover as mining hardware degrades.
Conclusion
BitMEX concludes that while PoS lacks a real-world anchor, making it potentially more susceptible to certain attacks, both PoW and PoS require strategic considerations for long-term security and stability.
Source - cryptopolitan.com
#CryptoTrends2024 #BinanceSquareTrends
🚀 Ethereum speeds up! Block times cut to 8 seconds? ⏳
Ethereum's new proposal, EIP-7781, aims to slash block times from 12 seconds to 8, boosting throughput by 50%! 🧩 Launched by Ben Adams on Oct 5, this upgrade will supercharge #Layer2s rollups, lower fees, and increase blob capacity, all while saving users roughly $100M annually. 🤑
Though Ethereum devs are cheering, solo #stakers worry about the increased hardware demands and decentralization risks. 💻⚖️ Still, #Justin Drake and #VitalikButerin are on board. Could this be the next big step for Ethereum’s efficiency?
#moonbix $ETH
Ethereum's new proposal, EIP-7781, aims to slash block times from 12 seconds to 8, boosting throughput by 50%! 🧩 Launched by Ben Adams on Oct 5, this upgrade will supercharge #Layer2s rollups, lower fees, and increase blob capacity, all while saving users roughly $100M annually. 🤑
Though Ethereum devs are cheering, solo #stakers worry about the increased hardware demands and decentralization risks. 💻⚖️ Still, #Justin Drake and #VitalikButerin are on board. Could this be the next big step for Ethereum’s efficiency?
#moonbix $ETH