DeFI News by Thebittimes.Com

Operators of the world’s largest bitcoin (BTC) mining pools are quietly discussing a problem with BTC payouts. Despite mining BTC, securing BTC, and earning 100% of their revenue in BTC, pool operators are occasionally finding the currency itself to be cumbersome for paying their own workers. Although all major BTC mining pools pay for work in BTC currently, a few are warming up to the idea of an altcoin as a superior payment method. For months, developers and pool managers have engaged in deep discussions on technical forums like Delving Bitcoin around electronic cash (“ecash”) token alternatives to mining pool payouts. One of the discussion leaders, vnprc, has proposed a new form of eHash tokens that represent “liabilities” that can be “audited” using a so-called “Proof-of-Liabilities” protocol by Calle. The irony of such a string of terms is apparent to any BTC maximalist: new token, new proof, and new protocol. BTC is supposed to be ...

The Ethereum price has dropped 4.1% in the last 24 hours to trade at $2,574 as of 4.40 a.m. EST on trading volume that skyrocketed 76% to $15.9 billion. The second-largest cryptocurrency is still in the green on a weekly base, currently sitting about 10% higher compared to last Monday. However, its price dropped after trying to go beyond $2.7k over the weekend, as the resistance proved to be too strong. Another important development for the project concerns its transaction fees, which were recently recorded at their five-year low. The fees plummeted amidst the Layer-2 network growth, according to recent reports. What this means is that L2 networks are seeing increased activity, thus reducing the burden on the main Ethereum blockchain, and as a result, the chain is not as overclogged as before. Since the high fees are the result of too much traffic and long waiting times, reducing the amount of transactions going through the main blockchain automatically reduces the fees. Meanwhile,...

Disclaimer: The Industry Talk section features insights from crypto industry players and is not a part of the editorial content of Cryptonews.com. Deflationary cryptocurrencies have a total token supply that decreases over the course of time.  This means that in theory , the value of the cryptocurrency will increase as the supply is reduced, not least because the token becomes scarcer.  In this guide, we analyze the best deflationary cryptocurrency to consider investing in today.  The 10 Best Deflationary Cryptos to Invest in After countless hours of market research, we found that the 10 best deflationary cryptocurrency assets are those listed below: IMPT - Overall Best Deflationary Cryptocurrency to Invest in Tamadoge - Newly Launched P2E Metaverse Gaming Ecosystem  Lucky Block - Undervalued NFT Competition Platform With Token Rewards  Bitcoin - Deflationary Cryptocurrency With a Cap of Just 21 Million BTC Tokens  BNB - Large-Ca...