Decentralization: Unlike traditional Web2, which relies on centralized servers and intermediaries, Web3 is built on decentralized networks like blockchain, where control and ownership are distributed among users.

Blockchain Technology: Web3 leverages blockchain technology to ensure transparency, security, and immutability of data and transactions.

Smart Contracts: These are self-executing contracts with the terms of the agreement directly written into code, enabling automated and trustless transactions.

Cryptocurrencies and Tokens: Web3 uses digital currencies and tokens for transactions, governance, and incentivizing participation within decentralized applications (dApps).

Decentralized Applications (dApps): Applications that run on a decentralized network, providing services without relying on a central authority.

Digital Identity: Web3 promotes user sovereignty over personal data and identity, often through decentralized identifiers (DIDs) and verifiable credentials.

Interoperability: Web3 aims for seamless interaction between different blockchain networks and systems, enhancing connectivity and functionality across platforms.

Ownership and Control: Users have greater ownership and control over their data and digital assets, with the ability to participate in governance and decision-making processes through decentralized autonomous organizations (DAOs).

Token Economy: Web3 incorporates a token-based economy where users can earn, spend, and trade tokens within the ecosystem, often tied to the value and utility of dApps and services.

This is the summary provided by AI; is its response comprehensive?

According to Bitcoin Magazine Pro, the 7-day average mining hash rate for Bitcoin has hit a new all-time high, surpassing 667 exahashes per second (EH/s) on July 26th during the Bitcoin 2024 conference. This tops the previous record of 657 EH/s set on May 26th.

Hey, Millennials — the generation that grew up with the internet and smartphones — do you ever feel like you’re the forgotten children of history? We were once told to work hard, study diligently, and the world would be ours. But reality seems to have a different script for us. From financial crises to high inflation, Millennials have experienced a series of “missing era dividends,” as if the world owes us a check that never gets cashed.

The Baptism of the Financial Crisis
The 2008 financial crisis was a major setback. Just as we were gearing up to make our mark, the economic wave crashed over us. The job market turned into a post-apocalyptic scene, with unemployment rates soaring and newly minted graduates taking any job they could find. Picture someone with a master’s degree working at a coffee shop — sounds inspiring, right? Actually, we’d prefer stable career paths over “starting from the bottom” motivational stories.

The Cutthroat Job Market
The job market is like a giant gladiatorial arena, where a high degree is the bare minimum. Our generation not only competes with peers but also with overqualified “gods” in the job market. Internships, gig work, and temp jobs have become the norm. Job stability? What’s that? Sometimes, it feels like we’re starring in a workplace version of “The Hunger Games.”

The Pandemic “Assist”
Remember the COVID-19 pandemic? That really added insult to injury. Remote work sounded like a dream at first, but we ended up as 24/7 on-call “work machines.” Those once-clear career plans were turned upside down. Mental health? In this “work frenzy,” anxiety and stress became our new normal. Plans and goals seemed to vanish overnight.

The Squeeze of High Inflation and Rising Interest Rates
Next, welcome to the era of high inflation and rising interest rates. House prices skyrocketed, leaving us staring at our dream homes from afar. The constant rise in student loans and living costs made it hard to breathe. Financial security became the top priority, and major life decisions? They had to wait. More and more Millennials are delaying buying homes and starting families, simply because their wallets can’t keep up.

Work hard to make money, but the wallet stays empty
In this environment, financial security became paramount. According to a global survey by payroll services company ADP, only 25% of Millennials (ages 24–34) prioritize enjoyment in their daily work when choosing a job, compared to 45% of Baby Boomers aged 55 and over. Instead, 56% of Millennials prioritize salary, a higher percentage than the 44% of younger employees aged 18–24. Millennials also value career development opportunities more than other age groups. We’ve turned into realists because dreams don’t pay the bills.

Despite working hard, many Millennials feel they’re not getting the returns they deserve. Job satisfaction surveys reveal that many Millennials are dissatisfied with their salaries, work environment, and career development opportunities. Stagnant wage growth and career bottlenecks make it difficult to find a sense of achievement and satisfaction at work. This not only affects personal career happiness but also has a negative impact on the economic vitality of society as a whole.

Players, the UM Global Talent Development Plan is underway with updated rules and Reward Plus!

Let’s take a look:

I. Manager

1. Achievement conditions:

In the GameFi, lead a team of 3 or more leaders.

2. Rank rewards:

①. A one-time reward of DRN worth $1333;

②. After the company's assessment, those whose comprehensive scores meet the requirements will receive a monthly DRN worth $533 and DRN reward of 2% of the team's new contribution value;

③.Monthly DRN bonus of 3% of the new contribution value of your team as a marketing subsidy.

④.If there is a manager of the same level in the team, they can enjoy a DRN reward of 10% of the manager’s new contribution;

⑤.If there is a high-level director in the team, they can enjoy a DRN reward of 5% of the director’s new contribution;

Note: The above rewards will be issued in the form of DRN (converted by 24h trading average price) to the UM Club account.

II. Director

1. Achievement conditions:

In the GameFi, lead a team with 3 or more managers.

2. Rank rewards:

①. A one-time reward of DRN worth $2666;

②. After the company's assessment, those who meet the comprehensive score requirements will receive a monthly DRN worth $1,066 and DRN reward of 1% of the team's new contribution value;

③.Monthly DRN bonus of 2% of the new contribution value of your team as a marketing subsidy.

④. If there is a director of the same level in the team, they can enjoy DRN reward of 10% of the director's new contribution;

Note: The above rewards will be issued in the form of DRN (converted by 24h trading average price) to the UM Club account.

In the 2020 U.S. presidential election, the campaigns of the two major candidates (Trump and Biden) cost billions of dollars. For example, Biden's campaign expenses exceeded $1 billion, and Trump's spending was close to the same amount.
It's not yet known how much will be spent on this year's presidential campaign, but Donald Trump raised $25 million at the 2024 Bitcoin conference, marking the second highest amount raised in his three presidential campaigns.

“The new world belongs to the creators and pioneers.”

If you’re looking for a chance to demonstrate your skills, The 4th UTON HACK 2024 Global Digital Technology Hackathon is the event you can’t miss.

Event Theme
Next Generation Blockchain Technology and Applications

Event Objectives
UTON HACK 2024 aims to advance blockchain infrastructure development and explore innovative blockchain solutions in the Web3 domain. We invite technology engineers, blockchain enthusiasts, and entrepreneurs from around the world to collaborate and drive the future of blockchain technology.

Target Audience
Technology Engineers
Blockchain Enthusiasts
Entrepreneurs from around the globe
Participation Requirements
All projects must be developed based on the UTON blockchain. Whether you’re an experienced developer or a passionate beginner, if you have creativity and technical skills, you can join this exciting event.

Evaluation Criteria
Concept Innovation:

Novel design concepts, new business models, new demands, and new applications.
System Design:

System architecture aligns with software requirements, design is rational, and design documentation is prepared according to standards.
Functionality and Effectiveness:

Business functions are accurate and comprehensive, application prototype is complete, smart contracts comply with software engineering standards, meet high security and performance requirements, and demonstrate good market value.
User Experience:

Program runs stably and smoothly, interface layout is reasonable, human-computer interaction is convenient, and hardware/software resource allocation is appropriate.
Prize Money
First Prize: $5,000
Second Prize: $3,000
Third Prize: $1,000
Fourth to Sixth Place: $500 each
Seventh to Tenth Place: $300 each
Total prize money is $11,700! This is a great opportunity to showcase your talents and win substantial rewards!

If you’re interested in blockchain technology but lack a technical background, join our TG group to engage with experts!
Join TG Group

Only with the courage to act can we achieve the rewards of creation and unlock the possibilities of innovation.

Recent news indicates that Ethereum gas fees have plummeted to historic lows. According to Etherscan, the average mainnet gas fee has fallen to 4 Gwei, about $0.21, with some transactions costing as little as 3 Gwei, around $0.14. Additionally, Layer 2 solutions such as Optimism, Base, Arbitrum, and Linea are seeing transaction fees below $0.01.

I’ve clearly noticed that each year seems hotter than the last. In the summer, the temperature in my city approaches 40°C, and it has been a long time since I’ve seen snow here.

In reality, such an approach benefits the large Bitcoin holders the most, and it can be quite unfriendly to smaller Bitcoin holders.

 what impact might it have on the cryptocurrency market?

By the way, which Olympic opening ceremony do you prefer? Personally, the 2008 Beijing Olympics left a lasting impression on me. Which one do you think was the best?

 My city is experiencing another wave of the virus, and some of my colleagues have tested positive for the third time.

Would you like to discuss it?

Reasons to Consider a Career in Cryptocurrency
1. Innovative and Fast-Growing Industry

Cryptocurrency is at the forefront of technological innovation. Working in this field means engaging with cutting-edge technologies like blockchain, smart contracts, and decentralized applications (DApps). The fast-paced nature of the industry promises ever-evolving career prospects, filled with new challenges and opportunities for innovation.

2. Diverse Career Opportunities

The cryptocurrency industry offers a wide range of career paths. Beyond technical roles such as blockchain developers and cryptocurrency analysts, there are positions in project management, legal compliance, marketing, and business development within crypto companies. This diversity allows individuals from various professional backgrounds to find their niche in the crypto world.

3. High Demand for Talent

As the industry grows, so does the demand for skilled professionals. There is a particular need for individuals who can combine technical skills with an understanding of blockchain’s business applications. According to LinkedIn, the number of blockchain developer positions has seen significant growth, making it one of the fastest-growing job categories. Additionally, due to the specialized skills required, these positions often come with higher-than-average salaries.

4. Remote and Flexible Work Options

The decentralized nature of cryptocurrency companies often translates to flexible work cultures. Many organizations in this field offer remote work opportunities, appealing to those who prefer a digital nomad lifestyle or work-from-home arrangements. This flexibility can enhance work-life balance and job satisfaction.

5. Part of a Global Movement

Cryptocurrency is inherently global. Working in this field involves interacting with a worldwide community of developers, entrepreneurs, and enthusiasts. This can expand your professional network across borders and cultures, providing a unique and enriching career experience.

6. Contributing to Financial Inclusion

Cryptocurrency and blockchain technology have the potential to increase global financial inclusion by providing banking services to unbanked and underbanked populations. Working in this field offers the chance to contribute to projects with real social impact, such as enabling remittances in developing countries or providing secure financial services to those without access to traditional banking.

7. Entrepreneurial Opportunities

The cryptocurrency market is dynamic and relatively young, offering abundant entrepreneurial opportunities. Innovative ideas can lead to the creation of new companies and services within the crypto space. For those with an entrepreneurial spirit, the industry provides fertile ground for starting new ventures and disrupting traditional industries.

8. High Demand and High Salaries

With the growing popularity of cryptocurrency and blockchain technology, the market demand for skilled professionals has surged. Companies are willing to pay top dollar for individuals with the right skills and experience. Here are some notable companies hiring in the crypto space along with their salary ranges:

Coinbase: Software Engineers earn between $140,000 and $180,000 annually.
Binance: Blockchain Developers earn between $120,000 and $150,000 annually.
Ripple: Senior Engineers earn between $130,000 and $170,000 annually.
ConsenSys: Smart Contract Developers earn between $110,000 and $160,000 annually.
Kraken: Cybersecurity Experts earn between $120,000 and $150,000 annually.
Chainalysis: Data Analysts earn between $100,000 and $130,000 annually.

I've played popular clicker games like Notcoin and Hamster Kombat, but I find them too dull. Even if they can help you make money, clicker games are just too boring for me.

I usually browse Reddit and Medium before work. I prefer not to check social media apps, or I might read an e-book instead.

Do you find that maintaining a regular reading habit is one of the most challenging?

It seems like the whole world is facing a financial crunch. Based on my personal observations, I think several factors contribute to this situation:

International Instability: Ongoing conflicts such as the Russia-Ukraine war and the prolonged tensions in the Israel-Palestine region.
Rising Interest Rates: The U.S. dollar entering a cycle of increased interest rates.
Post-Pandemic Aftermath: The lingering effects of the COVID-19 pandemic.

US Presidential Candidate Donald Trump Says Our Competitor in Crypto is China! He Said He Will Release a New NFT!

Passionate but lacking talent.Describing her feelings, she expressed a sense of not having the talent of a novelist, despite her passion, yet experiencing the anxiety of one.