DAOs and how they communicate A Decentralized Autonomous Organization (DAO) is an organized community on the Internet that pools funds together in an effort to achieve a common goal. DAOs are often run using Ethereum (ETH) tokens, but they can have their own governance tokens specific to the project as well. The DAOs that tend to get news coverage are those that fail at their goal, or that get hacked and lose millions. It’s conventionally unfair to use that as a reason to disparage the decentralized organizations, as the same thing also happens to normal LLCs. Discord is a platform that users can use to create servers for a variety…
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Weekly Bitcoin Review
El Salvador buys the dip, The Omicron variant, and Microstrategy buying more Bitcoin
Omicron Many countries have begun enacting new travel restrictions in response to the new Omicron Covid-19 variant that was announced last week to be spreading in South Africa and elsewhere. These restrictions and global panic over the virus lead to a tank in the price of BTC, hitting a price of $53,569.76 on Friday. This is the lowest price BTC has seen since October 6, leading many to fear that the coin would continue to plummet in price. It has since recovered to the $57,000 price range, hitting a high of $58,872.88 earlier today, since the drop in price. BTC is currently trading at a volume of $32.4 billion. The…
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2022 Coin Watch
As we move into December, here are some coins to keep an eye on for the upcoming year
Cryptocurrencies come and go, but some are here to stay. Here are a couple that we’re keeping an eye on heading into the new year. Keep in mind that cryptocurrency markets can often be very volatile and all price information is subject to change after publication. Solana One of the fastest growing coins of 2021, there is massive potential for Solana in upcoming years. People often compare it with Ethereum, but the Solana network boasts lower gas fees and transaction times, along with growth of over 10,000 percent in the last year. Solana has seen criticism for being more “centralized” than its competitors due to influence on the coin from…
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Our Weekly Bitcoin Review
Odell Beckham Jr’s crypto football salary, the Texas coin-mining boom, and a Bitcoin City in El Salvador
In the cryptocurrency space, no player or asset controls the market as a whole more than Bitcoin (BTC). With this new weekly feature, Modern Consensus will give the latest updates and big news stories from the previous week. The price of Bitcoin currently sits around $56,000, while it was at a high of $64,000 earlier in the week, a significant price drop. Sports Odell Beckham Jr., a wide receiver for the Los Angeles Rams and an extremely popular football player, is now accepting his entire NFL salary in Bitcoin. With a $4.25 million salary, this equates to a little more than 75 BTC a year. He announced this big change…
