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What the new on ETH 2.0

Ethereum 2.0 is an update to the existing Ethereum network that came up with advanced levels of speed and effectiveness. It has greater adaptability that can improve the performance of the ethereum tokens in terms of exchanges. This introduction of the update will definitely increase the probability of this exchange and eases blockage and moderates on the Ethereum arrangement. With all such redesigning and other external moderations have been made, the Ethereum will land on its Stage 2 level, where it will meet the objectives of turning itself into a decentralized exchange application and a straightforward system for cryptocurrency exchanges and bitcoin trade.
Ethereum 2.0 will include sharding to definitely build, arrange data transfer capacity and decrease gas costs, making it less expensive to send Ethereum, tokens, and communicate with brilliant agreements. There will be crucial financial changes where Ethereum 2.0 will permit support to marking hubs and acquire Ethereum as easy revenue. From multiple points of view, Ethereum 2.0 is then joined by the exertion of thousands of designers who worked for quite a long time.

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$30 Billion in Bitcoin Will Be Locked in Ethereum by End of 2021

Spencer Noon, the head of crypto-native investment fund DTC Capital, says that the total amount of Bitcoin (BTC) held on Ethereum’s blockchain will increase 20x by the close of 2021. “There are now 131,075 BTC (~$1.5 billion) on Ethereum. That is 0.624% of all bitcoins in existence. I predict we’ll 20x this by the end of 2021.”

Noon’s bold prediction comes in the wake of DeFi Pulse’s report that investors have now converted a record 141,683 BTC worth approximately $1.5 billion into ERC20 tokens.

Crypto traders are converting BTC into Ethereum-based tokens that represent BTC – a move that allows them to essentially use their Bitcoin to participate in DeFi and take advantage of decentralized lending protocols, synthetic derivatives and exchanges.

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Zilliqa’s non-custodial staking platform on its mainnet has seen more than a billion tokens staked within a few hours

Zilliqa is a high-performance and secure blockchain platform for enterprises and next-generation decentralized applications. In June, KuCoin and Binance were announced as exchange staking partners but now token holders are able to stake directly into the smart contract without having to go through a third party intermediary.

Staking will enable ZIL holders to participate in governance voting as the platform strives to become more decentralized, as well as earn rewards. The platform has introduced a new token to the network called governance ZILs, or gZIL, which will be earned alongside staking rewards in ZIL. Zilliqa estimated annual staking returns of around 6% if 80% of the circulating supply, currently 10.5 billion ZIL, is staked.

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What is Cryptocurrency Staking ?

Staking means holding cryptocurrency or tokens to support a network operation and getting a reward for it. Naturally, this process is typical for blockchains using the PoS protocol or any of its versions. Staking brings in the concepts of familiarity, engagement, and reward into the ecosystem.
Staking generally refers to the holding of your cryptocurrency funds in a wallet and hence supporting the functionality of a blockchain system. The cryptos are being locked in their wallets by the stakeholders. They are then rewarded by the network in return. Staking provides a way of making an income.Staking is a process similar to having a savings account with your bank and earning interest on the deposits. Staking is a great addition to the cryptocurrency space which offers notable applications. Staking also brings the aspects of familiarity, engagement, and reward into the ecosystem. This makes the investment all the more worthwhile.

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What is DeFi ?

DeFi is short for “decentralized finance,” an umbrella term for a variety of financial applications in cryptocurrency or blockchain geared toward disrupting financial intermediaries.

DeFi draws inspiration from blockchain, the technology behind the digital currency bitcoin, which allows several entities to hold a copy of a history of transactions, meaning it isn’t controlled by a single, central source. That’s important because centralized systems and human gatekeepers can limit the speed and sophistication of transactions while offering users less direct control over their money. DeFi is distinct because it expands the use of blockchain from simple value transfer to more complex financial use cases.

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Stratis to Launch New Blockchain and Token ‘STRAX’, Increasing Focus on DeFi

As blockchain use cases such as digital securities, lending platforms, and more take off, companies are finding the need for increased flexibility in their blockchains. Stratis, a popular enterprise-focused ‘Blockchain as a Service (BaaS)’ company, has recognized this and just announced STRAX.
The outgoing Stratis blockchain, and its associated STRAT tokens, will be replaced with the STRAX blockchain and STRAX tokens.
Stratis notes various reasons that necessitated this upgrade/pivot – primary of which is business adoption. The company did not mince words when describing where this adoption could occur.

Other key upgrades afforded by STRAX include, but are not limited to,
- Ethereum interoperability
- Cold-staking
- Oracles
- Seg-Wit
- Revamped block-times and block-rewards

To learn more about this upcoming blockchain, and how it will function, make sure to peruse the recent introduction to STRAX by Stratis themselves at https://www.stratisplatform.com/2020/09/25/introducing-strax/

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Ethereum 2.0 Medalla Testnet: The Numbers Say It All

As per the latest update, validators have staked a little close to 2 million Goerli test tokens on the Ethereum 2.0 Medalla test net. Active validators are just above 62,000, with network participation ranging between 72 percent to 80 percent in the last 24 hours.
As of now, close to two million test ETH tokens are eligible for voting whereas only little more than 1.5 million Ethers have actually voted to validate Medalla.
According to the last update on test ETH staking, around 38,000 participants had plugged in more than 1.1 million Goerli Ethereum tokens. Since then validator participation has gone up to 63.2% in a month’s time.

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What is Ethereum 2.0? Why is it Important?

Ethereum Serenity, described by Van Loon, is a different blockchain from what we know to be Ethereum in its current form. The planned update won’t demand a hard fork of the original chain.
The door to Ethereum 2.0 will be accomplished by a one-time deposit of Ether from the old chain to the new via smart contracts. This will be a one-way transaction, after which the use of the legacy Ethereum system is expected to stop.

Legacy system versus new design

The reason behind the change came by clear limitations in the old design. The Proof of Work algorithm and other parts of the architecture could not cope with developers’ demand. Some of the main issues are:

Scalability: it is a well-known fact that the world computer that was the original aim of Ethereum is slow. Right now, the protocol is overwhelmed by all the Decentralized Applications and Smart Contracts running in it. Some improvements were made in this front, but it became clear that a Proof of Work blockchain could not cope with demand.

Security: there were never significant security breaches in Ethereum. But it is known that some improvements could be made. This is a focus for Ethereum 2.0, which aims to create a more robust platform.

A new virtual machine: one of the great innovations of Ethereum, was the release of a virtual machine. This is the part that runs the smart contracts and makes the protocol a world computer. The issue is that it is very slow. This is a problem because each transaction in Ethereum updates the global state of the network. Right now, the EVM is a bottleneck in the system.

Proof of Stake (PoS)

The PoS consensus algorithm is the biggest change in Ethereum 2.0. The mechanism uses stakes instead of electricity as a measure of validity. In a PoW blockchain, the chain with the hash power behind it is considered valid. In a PoS network, the chain with the highest staked resources is the one valid.

Also, validators become the new source and propagators of blocks. These are users who have locked at least 32 coins. These coins allow the validator to enter a lottery to be selected as the next block’s creator and claim its rewards. If a validator goes offline or acts dishonestly while it is an active part of the network, some or all of the Ether used to become a validator will be taken away.

Another big change in the system is the use of side-chains known as shards. As we have discussed before, transaction throughput is one of the major problems of the current system. In its existing architecture, this problem doesn’t appear to have a solution. This is why the creation of separate smaller chains that can attract unique use cases is a significant improvement.

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Ethereum 2.0 what would-be validators need to know

“There are indeed responsibilities that come with [Ethereum 2.0 staking]. You can’t just stake and leave it. You need to run what we call a client or a validator software.”

That’s Ben Edgington, the product owner of Teku at ethereum venture capital studio Consensys. Teku is one of five software clients currently being battle-tested on the official Ethereum 2.0 test network, Medalla.

These clients will connect users to the highly anticipated proof-of-stake blockchain aimed at significantly boosting Ethereum transaction speeds and throughput. Ethereum 2.0 clients like Teku will also enable users to earn rewards as validators on the new network. 

Similar to the role of miners on the current Ethereum blockchain, validators on Ethereum 2.0 will be responsible for processing transactions and creating new blocks. What that looks like in practice, according to Edgington, is keeping client software up and running 24/7 on a dedicated computer device.

“For Status [the Ethereum messaging company], the Nimbus client is focused on trying to build a client for a low-footprint system. So they’re building for embedded systems such as mobile devices and potential IoT [Internet of Things] in the future,” said Michalik. “At the ConsenSys protocol engineering, we’re trying to lean into our specialization which is building the enterprise grade [Ethereum 2.0 client].”

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The market capitalization of ERC-20 tokens exceeds that of Ethereum

Since the market crash of September 2nd The combined market capitalization of all ERC-20 assets exceeded the market capitalization of Ethereumand the spread between the two continues to grow in favor of ERC-20 assets. This change indicates that The price of the Ethereum has corrected more than the ERC-20 ecosystem and had trouble recovering immediately afterwards.

It is perhaps not surprising that the DeFi currencies in particular rose much faster than the ETH. According to Santiment’s DeFi watch list, lThe collective market capitalization of DeFi-related assets rose 15.6% in the last week alone. In comparison, Ethereum’s market capitalization increased + 7.7% over the same period.

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Ethereum hitting new high

Ethereum miners earned a record $16.5 million on Thursday as the number of transactions on the network ticks up. More than 42,763 ether (ETH) were paid out in transaction fees for 1.4 million transactions – another all-time high. CoinDesk’s Paddy Baker points to a meteoric rise in decentralized finance (DeFi) to make sense of the surging Ethereum activity. There is currently over $9 billion worth of assets locked in DeFi applications, according to DeFi Pulse, up from approximately $675 million at the start of the year. Decentralized exchanges too are growing – led by Uniswap, Curve and Balancer – having recently surpassed $16 billion in total monthly volume.

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Ethereum 2.0 Release Date On Track For November

According to Raul Jordan, one of developers working on the transition as well as an Ethereum infrastructure builder with Prysmatic Lab, November is ideal for the launch once a number of security checks and user experience polishes have been completed.

This is in accordance with Ethereum founder Vitalik Buterin’s previous statement, wherein he estimated Ethereum 2.0 will ship before 2020 ends.

Ethereum 2.0 will transition the largest public blockchain from proof-of-work (PoW) to proof-of-stake (PoS) consensus algorithm. While Ethereum 1.0 transactions are confirmed by miners, Ethereum 2.0 will have validators mine or block transactions depending on how many tokens he or she holds. At present, the minimum requirement to participate is 32 ETH, or  roughly $11,640.

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Most DeFi Tokens Are Concentrated In Hands of Top 500 Holders

Token supplies for most decentralized finance (DeFi) projects are not widely distributed according to an analysis by the co-founder of DeFi Italy and Head of CryptoLab’s Digital Assets Investments Simone Conti.

He compiled data from Defi Pulse and Etherscan that suggests that 90% of tokens for almost all DeFi projects are held by the top 500 addresses. For three of the projects, that figure rises to 99%.

According to a graphic shared by Conti, Compound is the ‘most concentrated’ of the Top 10 surveyed projects (by total locked value) with 96% of the total supply being held by a few dozen people in the top 50 holders.

For more info; https://cointelegraph.com/news/analysis-most-defi-tokens-are-concentrated-in-hands-of-top-500-holders

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The most interesting days for blockchain are ahead. https://medium.com/@onlyincrypto/outlook-on-the-future-of-the-blockchain-industry-d8c86d8a1c5

But Anyone who wants to have a clear look at its future has to first understand that the blockchain industry is not a monolith and therefore the prediction has to be approached on multiple fronts. At the least, consider the crypto market performance, technology adoption, development, and scalability.

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Today, with DeFi making breaking news across the cryptoverse, staking has become a new buzzword in the blockchain space and beyond, along with the fresh entries to the crypto asset investor’s vocabulary such as “yield farming”, “rug pull”, “total value locked”, and similar arcane stuff. If you are not scared off yet, then read on. Though we can’t promise you won’t be.

There are two conceptually different approaches to achieving consensus in a distributed network, which comes down to transaction validation in the case of a cryptocurrency blockchain. You are most certainly aware of cryptocurrency mining, which is used with cryptocurrencies based on the Proof-of-Work (PoW) consensus algorithm such as Bitcoin and Ether (so far). Here miners compete against each other with their computational resources for finding the next block on the blockchain and getting a reward.

Another approach, known as the Proof-of-Stake (PoS) consensus mechanism, is based not on the race among computational resources as is the case with PoW, but on the competition of balances, or stakes. In simple words, every holder of at least one stake, a minimally sufficient amount of crypto, can actively participate in creating blocks and thus also earn rewards under such network consensus model. This process came to be known as staking, and it can be loosely thought of as mining in the PoS environment.

With that established, let’s now see why, after so many years of what comes pretty close to oblivion, it has turned into such a big thing.

Why has staking become so popular, all of a sudden?

The renewed popularity of staking came with the explosive expansion of decentralized finance, or DeFi for short. Essentially, staking is one of the ways to tap into the booming DeFi market, allowing users to earn staking rewards on a class of digital assets that DeFi provides easy access to. Technically, it is more correct to speak of DeFi staking as a new development of an old concept that enjoys its second coming today, or new birth if you please. So what’s the point?

With old-school cryptocurrency staking, you would have to manually set up and run a validating node on a cryptocurrency network that uses a PoS consensus algo, having to keep in mind all the gory details of a specific protocol so as not to shoot yourself in the foot. This is where you should have already started to enjoy jitters if you were to take this avenu entirely on your own. Just think of it as having to run a Bitcoin mining rig for some pocket money. Put simply, DeFi staking frees you from all that hassle.

At this point, let’s recall what decentralized finance is and what it strives to achieve. In broad terms, DeFi aims at offering the same products and services available today in the traditional financial world, but in a trutless and decentralized way. From this perspective, DeFi staking reseblems conventional banking where people put their money in savings accounts to earn interest. Indeed, you could try to lend out your shekels all by yourself, with varying degrees of success, but banks make it far more convenient and secure.

The maturation of the DeFi space advanced the emergence of staking pools and Staking-as-a-Service (SaaS) providers that run nodes for PoS cryptocurrencies on your behalf, allowing you to stake your coins and receive staking rewards. In today’s world, interest rates on traditional savings accounts are ridiculous, while government spending, a handy euphemism for relentless money printing aka fiscal stimulus, is already translating into runaway inflation. Against this backdrop, it is easy to see why staking has been on the rise.

Original article was posted on https://stealt[Suspicious link removed]/blog/2020/09/08/cryptocurrency-staking-as-it-stands-today/

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Comparing and contrasting staking vs traditional passive investments

Conceptually, the process of holding tokens and then being rewarded for holding them resembles certain passive-income instruments found in traditional finance, such as bonds or preference shares for instance. But fundamentally they are very different.

Staking rewards are not derived from earnings
The reward that is received in the process of staking is actually a proportion of the newly minted tokens. It is not derived from company profits or earnings.

Staking as a governance system
Staking is also meant to be an incentive that encourages token holders and validators to secure PoS networks and to promote good behavior and decision making. The idea here is that making good decisions will result in value creation and eventually long-term price appreciation of the token that is being staked. Although proof of stake does not necessarily imply governance, the incentive structure combined with governance has revolutionary implications for participation.

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Different Types Of Staking Mechanisms

Regular Proof of Stake (PoS)
As mentioned above, regular proof of stake (PoS) was introduced in 2011. In a
regular proof-of-stake system the creator of the next block is selected in a random
process containing various combinations of wealth or age ( i.e., the stake) not by
computing power as in the case of proof of work.

Delegated Proof of Stake (DPoS)
Daniel Larimer, the founder of Bitshares, Steemit and EOS, created DPoS
consensus algorithm in 2014 as an extension to regular proof of stake with the
objective of solving the perceived scaling issues associated with proof of work.
DPoS essentially seeks to raise transaction speed and block creation without
compromising the decentralized incentive structure of the blockchain. The DPoS
algorithm does this in a democratic manner by creating a voting system that is
directly dependent on the delegates’ reputation. Therefore, if an elected node fails
to behave properly (in line with the rules), it will be quickly expelled and replaced
by another one. As you may have imagined, Bitshares, Steemit and EOS operate
on a DPoS system.

Leased Proof of Stake (LPoS)
In May 2017 Leased Proof of Stake (LPoS) was introduced and implemented in
the Waves project. This consensus mechanism is essentially similar to the regular
proof of stake except users have the option of leasing their staking ability to
someone else. Users must ‘lease’ a minimum amount of coins to nodes that are
considered to be high quality (similar to masternodes) and in return earn a
percentage of the payout as a reward.

Bonded Proof-of-Stake (BPoS)
Bonded proof of stake (BPoS) is very similar to the leased proof of stake protocol
except for any number of users may set aside part of their stake (i.e., bond) in
order to influence block generation. BPoS was first introduced by projects such as
Cosmos and IRISn.

Masternode Proof of Stake
Introduced in 2019, Masternode Proof of Stake (MPoS) is similar to regular proof of
stake in many ways except we are dealing with extremely large stakers, which due
to their size, obtain extra privileges and rewards over normal regular stakers.
As may be implied by the name, a masternode is a well-connected node that
renders a valuable service to the community by maintaining an up-to-date copy
of the entire blockchain. In return for taking on this responsibility and for
committing to stake a significant number of coins, they receive a regular fixed
reward and may even receive up to 45% of the block reward.
Since a masternode is materially invested (and have so much more skin in the
game than a regular proof-of-stake node) they are considered more trustworthy
because they also stand to lose much more if they attempt to become malicious.
Masternodes are usually paired with regular proof of stake or proof of work such
as in DASH.

Zerocoin staking
Zerocoin staking is essentially regular proof of stake except it is completely
anonymous. Currently, Zerocoin staking is specific to PIVX cryptocurrency.

More info about staking is available on our whitepaper : www.montrachet.co

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Founders & Team will not be taking any token for themselves, our philosophy is that we make money when our token holders make money and as written on ou Whitepaper :

FEE STRUCTURE
Montrachet have streamlined its crypto program management fee at 4% ongoing
drawn from the gross yield. The gross yield is generated from the Staking rewards
and not capital appreciation. If an asset’s value has increased since purchase then
it’s capital gain is naturally incorporated in the rebalancing process and included
in the pool of funds for further staking network acquisitions.

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Dear friends & supporters please do follow us on Telegram : https://t.me/montrachetUK

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Have you seen our Token Metrics :


Starting Date: 01 December 2020

Ending Date: 30 December 2020


Hard Cap: 10 000 000 MTST Tokens

Public Sale Token Price: 0,40 USDT
 
Minimum buy: 100 MTST Tokens

Maximum Number of Tokens Generated: 10 000 000 MTST Tokens

Accepted Crypto Currencies: ETH

% of the amount raised that will be Invested on the Staking fund: 100%

% of MTST Tokens for Founders & Team: 0%