Ethereum Founder - Users Must Pay Rent for Storage
Vitalik Buterin now advances a divisive plan to preserve Ethereum. The proposal introduces a rent fee that users remit for every byte hour their data occupies the distributed ledger. The fee forces each participant to cover the cost of replicating and storing that participant's state across every validator node. Transaction volume on Ethereum has surged […]
Shiba Inu (SHIB): Structure, Function along with Risk
Shiba Inu is an Ethereum-based altcoin whose emblem depicts a red coated Shiba Inu hunting dog. Traders treat the token as a rival to Dogecoin. The self titled SHIBArmy promotes the slogan âDogecoin killer.â The token belongs to the meme coin category - assets that revolve around an internet joke or a pop culture image. […]
The Digital Asset Mining Energy Tax Proposal and Its Collapse
Definition The Digital Asset Mining Energy tax, introduced during the 2023 budget cycle, sought to impose an excise levy on electricity consumed by cryptocurrency miners. The measure never reached enactment. In March 2023 the Biden administration released the Treasury Greenbook. The document proposed a phased in excise tax of thirty percent on the cost of […]
Eight Low-Cost Ways to Transfer Money
Most adults now hold several bank accounts. A student account opened at nineteen still carries a balance. A second account arrived with the first payroll deposit. A joint account serves household expenses. A fourth locked a twelve month certificate at 4.75 percent. At some point the owner needs to move dollars from one of those […]
Hidden Liabilities in the Bitmain IPO
Analysts warn that the prospectus conceals a concentrated exposure to Bitcoin Cash. Bitmain retains close to one million BCH. A forced liquidation at current prices would crystallise a loss that exceeds half a billion US dollars. Samson Mow, Blockstream Chief Strategy Officer, circulated a chart on 11 August 2018. The chart traces Bitmain's BTC balance […]