In today’s briefing:
- The Future of Ethereum: A Deflationary ETH, Sharding, and the Roadmap
- #37 Exploring the new Cosmos
- Bitcoin and Gold Correlation Hits Yearly High
- Sporting Crypto – October 3rd 2022: What does the Metaverse mean for Sports?
The Future of Ethereum: A Deflationary ETH, Sharding, and the Roadmap
- ETH is used for gas payment (transaction cost), part of gas payment is burned. When amount of ETH burned exceeds the amount of new issuance, ETH becomes a deflationary asset.
- Sharding is the next big update for Ethereum. With sharding, network throughput will increase from current 15 transactions/second to potential 100,000 tps.
- Long-Term roadmap of Ethereum: Merge (completed), Surge (sharding is expected on 2H 2023), Verge, Purge, and Splurge.
#37 Exploring the new Cosmos
- On a very fundamental level, blockchains are in the business of selling blockspace.
- Blockspace can be used to store transaction information or to perform computation through smart contracts hosted on chain.
- However, as more applications emerge and become more complex, blockspace becomes scarce and insufficient.
Bitcoin and Gold Correlation Hits Yearly High
- Price Movements: Crypto markets performed better than traditional assets in Q3 despite a post-Merge September sell off.
- Market Liquidity: After Kucoin implemented a series of 5th anniversary contests, trade volume surged to all time highs. Exchanges are getting increasingly creative amid a widespread rout in trade volume.
- Derivatives: Luna Classic open interest tripled in September and funding rates turned deeply negative after Interpol issued a red notice for Do Kwon.
Sporting Crypto – October 3rd 2022: What does the Metaverse mean for Sports?
- Anything that augments your physical life, to the digital, is in some way or form linked to what currently is, and what will become, ‘The Metaverse’.
- So a Zoom call or a free world game — whilst they don’t wholly agree with the notion of interoperability or persistence —they still are in essence part of the Metaverse.
- Now, to give further context, there is the idea of ‘Metaverses’ — aka, Decentraland, Sandbox or any company building their own virtual world.
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