“The Phantom wallet is a popular way for Solana traders to navigate DeFi. It says a mobile version is coming soon.
Phantom, the popular cryptocurrency wallet and browser extension that allows Solana users to transact with DeFi protocols, says it is preparing to launch a mobile version of its wallet.
Chris Kalani, chief product officer and co-founder of Phantom, told Decrypt, the company is planning a “private beta around the holidays” with a full launch in January.
Phantom is Solana’s answer to MetaMask, the Ethereum wallet built to interact with decentralized finance (DeFi) and other applications on the network. Via DeFi protocols, crypto owners can take out loans, earn interest on their digital assets, and trade them with other users, all without relying on a financial intermediary.
But to take advantage of the growing DeFi ecosystem on Solana, which now controls over $15 billion in assets, you need a crypto wallet that can integrate with the network’s nascent decentralized exchanges, lending protocols, and liquidity pools.
hough there are other usable wallets, Phantom is perhaps the most popular. It allows traders to send, receive, or swap tokens within the Solana ecosystem. It also has options for buying, selling, and even creating NFTs, the digital deeds of ownership to digital and/or real collectibles.
The project recently touted reaching 1.2 million weekly active users. (Kalani assured Decrypt those were “not accounts or installs” but actual users.) Thus far, however, they’ve been confined to desktop, which is less than ideal for DeFi traders on the go. The mobile app, should it arrive on time, will give Solana DeFi traders a much needed resource in a market with limited options. Most other wallets, for instance, don’t support staking—dedicating SOL to the network so it can become more secure (and you can get rewarded in crypto).
“This means they can mint NFTs, stake tokens, and more while not being tied to their computers, which carries considerable weight considering how fast the Solana ecosystem currently moves,” said Phantom CEO and co-founder Brandon Millman in a press release.
Solana is indeed moving fast. The Solana coin recently overtook Tether to become the fourth-largest crypto asset by market capitalization. Phantom is growing along with it, according to the firm’s estimates. In July, it secured a $9 million Series A round led by Andreessen Horowitz. At the time, it claimed just 70,000 users.
In addition to Solana, Phantom is branching out to other blockchains, with a beta Ethereum wallet in the works. That’s all further down the road. Said Kalani, “Phantom is laser-focused on Solana.” Decrypt
“The sneaker giant is looking to trademark its brands for use in the Metaverse.
Nike has filed several requests with the U.S. Patent and Trademark Office for branded virtual goods, including shoes, clothing, and accessories.
Nike Prepares For the Metaverse
Nike could be the next company to enter the Metaverse.
According to the USPTO website, the Oregon-based sportswear company filed several requests with the U.S. Patent and Trademark Office in late October. The filings look to protect Nike’s trademarks in the category of downloadable virtual goods, with the intention for use “online and in online virtual worlds.”
The seven filings list the Nike and Jordan trademarks with their respective logos and the “Just Do It” tagline. Each listing registers the trademarks for use on digital versions of footwear, clothing, headwear, eyewear, bags, backpacks, art, toys, and sports equipment.
The applications have been filed on an intent-to-use basis, indicating that Nike could be looking to branch out its offerings to NFTs soon. Additionally, Nike Direct’s Vice President Daniel Heaf is currently serving as an advisor to LUKSO, a blockchain network dedicated to digital lifestyle use cases.
While no official statement has been made, Nike appears to be positioning itself for a venture into digital goods. ” CryptoBriefing
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
The @RealVision Exchange #crypto portfolio is a little bit crazy next week. Apparently, survey participants could not decide. The Bot on the other hand finally decided to follow the RV portfolio and hop on the $HBAR trend. He's also taking profits in $SOLhttps://t.co/Rx5HryQTDwpic.twitter.com/iqpTHIKHv8
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
#DAO is becoming more and more popular among projects. If you don't know how big the #DAO landscape is, let's look at this picture. pic.twitter.com/X66W3ULC47
“What Is a Decentralized Autonomous Organization (DAO)?
One of the major features of digital currencies is that they are decentralized. This means they are not controlled by a single institution like a government or central bank, but instead are divided among a variety of computers, networks, and nodes. In many cases, virtual currencies make use of this decentralized status to attain levels of privacy and security that are typically unavailable to standard currencies and their transactions.
Inspired by the decentralization of cryptocurrencies, a group of developers came up with the idea for a decentralized autonomous organization, or DAO, in 2016.
What Is the DAO?
The DAO was an organization that was designed to be automated and decentralized. It acted as a form of venture capital fund, based on open-source code and without a typical management structure or board of directors. To be fully decentralized, the DAO was unaffiliated with any particular nation-state, though it made use of the ethereum network. (See also: “How Do You Invest in the DAO?”)” More Investopedia
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice
The proportion of old $BTC spent on-chain increased last week, as some investors de-risk and take profits. So far the market has absorbed these realised profits, despite an overall net inflow of coins to exchanges. Read more analysis in The Week On-chain https://glassno.de/3z95MowGlassnode
The proportion of old $BTC spent on-chain increased last week, as some investors de-risk and take profits.
So far… twitter.com/i/web/status/1…— (@glassnode) August 24, 2021
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
“The table below shows how the cryptocurrencies IG offers compare. Further down we explain how these factors may influence the cryptocurrencies’ valuations, and why they matter to traders.” IG
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
“Cardano’s native token, ADA, has hit a new all-time high just a week after overtaking Tether as the industry’s third-largest cryptocurrency.
The price of ADA has skyrocketed by 17.4% over the last day, reaching a new all-time high of $2.54 in the early hours on Friday.
Last week, Cardano’s token swept past Tether (USDT) and Binance Coin (BNB) to become the third-largest cryptocurrency by market capitalization. With its current market value of nearly $80 billion, the asset has only bolstered its position since then.
By press time, the token has slightly backtracked from its record high, changing hands at $2.48, per CoinGecko.
ADA’s price is largely boosted by the imminent Alonzo hard fork, which will bring the long-awaited smart contract functionality to the Cardano proof-of-stake (PoS) blockchain.”
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
#Bitcoin exchange flows have returned to a dominance of outflows through August as investors withdraw $BTC.
The market has transitioned through a number of phases of exchange flow dominance over the last year, with outflow dominance last seen in late 2020. pic.twitter.com/BQLlw06SJr
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.“
“The major software developer’s new plan to combat piracy relies on the transparency of blockchain technology.
Windows operating system and Office productivity suite have always been top performers on any software piracy platforms. So, it’s no wonder that Microsoft, the developer of both products, works hard to establish anti-piracy measures.
In a new paper released by Microsoft’s research department, with the participation of researchers from Alibaba and Carnegie Mellon University, the Redmond-based software giant studied a blockchain-based incentive system to bolster anti-piracy campaigns.
As the title of the research, “Argus: A Fully Transparent Incentive System for Anti-Piracy Campaigns,” suggests, Microsoft’s new system relies on the transparency aspect of blockchain technology. Built on the Ethereum blockchain, Argus aims to provide a trustless incentive mechanism while protecting data collected from the open anonymous population of piracy reporters.
“We see this as a distributed system problem,” the paper stated, “In the implementation, we overcome a set of unavoidable obstacles to ensure security despite full transparency.”
Argus enables backtracing of pirated content to the source with a corresponding watermark algorithm, which is detailed in the paper. Also named “proof of leakage,” each report of leaked content involves an information-hiding procedure. This way, no one but the informer can report the same watermarked copy without actually owning it.
The system also has incentive-reducing safeguards to prevent an informer from reporting the same leaked content over and over under different aliases. “With the security and practicality of Argus, we hope real-world antipiracy campaigns will be truly effective by shifting to a fully transparent incentive mechanism,” the report stated.
Detailing the issue of Ethereum network fees, the paper explained that the team optimized several cryptographic operations “so that the cost for piracy reporting is reduced to an equivalent cost of sending about 14 ETH-transfer transactions to run on the public Ethereum network, which would otherwise correspond to thousands of transactions.” Cointelegraph
Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.“
China is now out of the picture, and fresh data from the Bitcoin Mining Council (BMC) (figure two) shows that over two-thirds of the membership, representing almost one-third of the network hash rate, is being powered by low-emissions energy sources, and that global Bitcoin mining is now estimated to receive 56% of its energy needs from sustainable sources (solar, wind, hydro, nuclear, geothermal and other “renewables”).
To that end, I offer a new global mining profile and carbon intensity figure of 280 grams of CO2 per kWh, using my original methodology presented in this previous article (see section one on energy mix) based on the below assumed generation mix, and 50th percentile IPCC carbon intensity figures (see page 190). The dramatic drop is a result of moving a large proportion of the network from coal to gas, cutting the carbon intensity of Bitcoin by a third.
Figure three: Carbon intensity and energy mix comparative data, CBECI and BMC scenarios
As can be seen, since the Chinese exodus, Bitcoin’s carbon intensity has dropped by a third, from 419 to 280, mainly as a result of shifting away from coal to the much cleaner natural gas. Comparing Bitcoin to global primary energy production shows that Bitcoin is less than half as carbon intense, and when compared to the world’s grid, is over 40% less carbon intense.
So! Now that we know Bitcoin’s carbon intensity is 280 g of CO2 per kWh (or 0.28 megatonnes [Mt] of CO2 per TWh), and that Bitcoin uses 79 TWh per year, we can quickly arrive at an emissions figure of 22.1 Mt CO2 per year.
Bitcoin’s Energy Use Compared To Building And Construction
Non-residential buildings: 9,330 TWh
Residential buildings: 26,481 TWh
Construction: 5,833 TWh
Sector total energy use: 40,830 TWh
Bitcoin: 79TWh, or 0.19% of the building and construction industry
Sector total emissions: 12,735 MtCO2
Bitcoin: 22.1 Mt CO2 or 0.18% of the building and construction industry
Sector carbon intensity: 330.6 g per kWh (about 20% more intense than Bitcoin)
Figure five: Bitcoin versus buildings — yearly energy use, in TWh
Bitcoin’s Energy Use Compared To The Transportation Industry
Using the above ratios, and a total sector energy use of 118 quad BTU in 2020, or 34,582 TWh, we have the following:
Road freight vehicles (heavy vehicles and other trucks): 8,059 TWh (23.3%)
Marine shipping: 4,063 TWh (11.7%)
Rail: 793 TWh (2.3%)
Total energy use: 34,582 TWh
Bitcoin: 79 TWh, or 0.23% of the transportation industry
Sector carbon intensity: 234 g CO2 per kWh (about 16% less intense than Bitcoin, 50% less intense than the world grid)
Figure eight: Bitcoin versus transportation — yearly energy use, in TWh
It’s not a nice thing to acknowledge, but if you’re charging your Tesla on the U.S. natural-gas-powered grid, or the slightly-greener world average grid, or basically anything other than your own solar roof panels, you’d be doing 50% less damage to the environment by driving an internal combustion vehicle. We just calculated the carbon intensity of fossil-fuel-driven transport to be 234 g CO2 per kWh based on emissions and energy data from the EIA and IEA (I swear to God, they do that with their acronyms on purpose!). Here, the U.S. Environmental Protection Agency (EPA) shows that most petroleum products (including jet fuel, gasoline and diesel) have a carbon intensity of around 65 kg CO2 per mmBTU to 75 kg CO2 per mmBTU, or, about 222 g CO2 per kWh to 256 g CO2 per kWh — which gives us strong validation of our calculated transportation industry figure of 234 g CO2 per kWh.
Revisiting Bitcoin’s Energy Use Compared To Finance, Gold And The Military-Industrial Complex
Gold
As per my previous piece, the breakdown for the gold mining industry, excluding additional refining of gold for industrial use, is as follows:
Total energy use: 265 TWh
Bitcoin: 79 TWh, or 29.8% of the gold mining and jewelry industries
Total Emissions: 145 MtCO2
Bitcoin: 22.1 Mt CO2, or 15.2% of the gold mining and jewelry industries
Sector carbon intensity: 547 g per kWh (about 95% more intense than Bitcoin)
Finance And Insurance
As per my previous piece, we found that the finance sector emitted 1,368 Mt CO2 per year, using the help of the University of California, Berkeley’s (UCB) CoolClimate Network (CCN) model. While it doesn’t explicitly provide a figure for energy use, it provides a great breakup of where the emissions come from. As shown in figure 10 below, 80% of emissions came from transportation, with 20% going to facilities and procurement. Using the same approach we did with healthcare earlier, we will assume a carbon intensity of 250g CO2 per kWh for travel, and 487g CO2 per kWh (i.e., “the world grid”) for procurement and facilities.
The resulting energy breakdowns are as follows:
Transportation: 4,377 TWh (88.6%)
Facilities: 309 TWh (6.3%)
Procurement: 253 TWh (5.1%)
Total energy use: 4,939 TWh
Bitcoin: 79 TWh, or 1.6% of the finance and insurance industries
Total emissions: 1,368 MtCO2
Bitcoin: 22.1 Mt CO2, or 1.6% of the financial and insurance industries
Sector carbon intensity: 277 g per kWh (about 1% less intense than Bitcoin)
Military-Industrial Complex
The industrial and manufacturing sectors are far more procurement- and-facilities driven than the financial sector, which is predominantly human- and travel-driven. Transportation accounts for 80% of the financial industry’s energy use. In the manufacturing industry, it is closer to only 25%. Therefore, we have the following:
Military fuel/transportation use: 275 Mt CO2, 1,100 TWh
Military facilities use: 150 Mt CO2, 308 TWh
Military industry fuel/transportation use: 525 Mt CO2, 2,100 TWh
Military industry facilities and procurement use: 1,550 Mt CO2, 3,183 TWh
Total energy use: 6,691 TWh
Bitcoin: 79 TWh, or 1.18% of the military-industrial complex
Total emissions: 2,500 MtCO2
Bitcoin: 22.1 Mt CO2, or 0.88% of the military-industrial complex
Sector carbon intensity: 374 g CO2 per kWh (about 33% more intense than Bitcoin)
Conclusions
As always, the numbers speak for themselves, and I’ll let the below figure tell the story:
Figure 11: Bitcoin versus other industries — yearly energy use, in TWh
The main takeaway should be that Bitcoin is a rounding error in the global scheme of things, and from a carbon-intensity point of view, has significantly less emissions per kilowatt than finance, construction, healthcare, industry or the military, and will only improve further in time. My prediction still stands: Bitcoin’s carbon intensity will go from 280 g CO2 per kWh today, to around 100 g in 2026, and zero by 2031, and maybe, finally, we’ll be done with this debate.”
This is a guest post by Hass McCook. Opinions expressed are entirely their own and do not necessarily reflect those of BTC Inc or Bitcoin Magazine
Krypto Matrix 