What is LUNA? Terraform is the parent company of the cryptocurrency asset LUNA. Recently, the coin saw a surge in both price and market cap, passing up popular cryptocurrencies like Shiba Inu, Doge, and Avalanche. Terra’s website describes LUNA as a “decentralized reverse asset”. The Terra network effectively uses algorithms to generate stablecoins that correlate in price with other assets, like fiat and gold. The entire purpose of the network is to eliminate some of the volatility often associated with assets in the crypto space. LUNA is another coin that people label as an “Ethereum Killer” much like the 5th ranked crypto, Solana, and the 12th ranked crypto, Avalanche. All…
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Is Solana The Ethereum Killer?
A Comparison of Two Crucial Coins in The Crypto Market
Next to only Bitcoin, Ethereum (ETH) is the second most popular cryptocurrency in terms of market cap. It holds one of $470 billion, as of 10/27/2021, which is significantly larger than that of many Fortune 500 companies, including Netflix or Walt Disney Co. Vitalik Buterin created ETH in July of 2015, and since then the coin has seen significant growth, with an active community and team of developers who continue to find and fix problems within the ETH blockchain. Solana (SOL) is a coin that has gained massive traction in 2021, founded by Anatoly Yakovenko in 2017, and many say that it will trump ETH in time because of how…
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ConsenSys, Securosys launch secure ETH 2.0 staking system
The firms have developed a hardware-based system for creating Ethereum 2.0 withdrawal keys securing long-term ether stakes
By combining Switzerland-based Securosys’s Hardware Security Modules with ConsenSys Codefi’s staking technology, the companies said they can generate Ethereum 2.0 withdrawal keys that can safely be stored and managed to protect staked ether during the transition from the Ethereum to Eth 2.0 blockchain.
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Crypto exchange OKEx launches OKT token staking and mining rewards
The exchange said that its OKExChain’s newly launched Swap and Farm decentralized applications will allow the holders of its token to earn passive income
“We have seen its native token, OKT, commanding an all-time high of $86.54 in its first days of trading on the OKEx platform,” OKEx CEO Jay Hao said. “We're thrilled that the team behind OKExChain has been able to provide OKT holders with even more benefits through the Swap and Farm initiatives, and to see OKExChain expanding its utility.”
