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  • L1 ARCHEthic Blockchain Mainnet Launch is a Success | by Bit Media Buzz | Nov, 2021

    L1 ARCHEthic Blockchain Mainnet Launch is a Success | by Bit Media Buzz | Nov, 2021

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    Bit Media Buzz

    Paris, France, November 16th, 2021 — Following 4 years of research and period of development, ARCHEthic Mainnet Beta launched on the 30th of June, 2021. The testnet which was launched this year will run simultaneously with the mainnet on the same infrastructure. The launch has set the ball rolling for ARCHEthic whose mission is to solve the impending challenges rocking the blockchain sector.

    ARCHEthic is a decentralized consensus protocol blockchain built from the ground up, designed with cutting-edge technology to stay ahead of other blockchains in terms of scalability, security, sustainability, and simplicity.

    Commenting on the significance of the launch, the ARCHEthic team stated that: “We have been patient and transparent in our approach, we have taken the time to get academic validation of research concepts, building and testing the ARCHEthic Blockchain protocol before making a foray into the market. Today with the launch of our Mainnet Beta, we are confident about offering true value to the community.”

    Since blockchain has become a revolutionary technology, the growth and adoption of the technology have maintained an upward trajectory. With a cumulative annual growth rate (CAGR) of 56.9%, the global blockchain industry is predicted to hit $56.7 billion by 2026, up from $6.0 billion in 2021. This giant growth rate is a testament to the widespread adoption occurring at break-neck speed.

    With Bitcoin being the pioneer, Blockchain technology has continued to find increased adoption in various fields even outside of the cryptocurrency terrain.

    While adoption stays on the rise, the issues of blockchain scalability and security have been a hot topic as many of the existing blockchain technologies fall below an optimum threshold. These issues form a focal point and a building block on which the ARCHEthic blockchain is built upon.

    ARCHEthic Design Stands Tall Among Existing Blockchains

    ARCHEthic blockchain design infrastructure deploys a unique consensus protocol built from the ground up called ARCH Consensus Mechanism. The ARCHEthic Blockchain uses the concept of “transaction chain”. Unlike other blockchains that require blocks containing multiple transactions to be linked together by chains, in ArchEthic, blocks are reduced to their atomic version (the smallest). Thus, a block represents only one transaction with its own validation proofs.

    According to its whitepaper, once a transaction is validated, it will be synchronized and saved on its own transaction chain. All transactions of the same nature are grouped together in the same transaction chain. This principle of operation makes it possible for transactions to run parallel thereby fostering the scalability of the network.

    The brainchild of years of research done by the team, the ARCHEthic blockchain is designed with the end-user in mind which makes it well suited for retail and mainstream enterprise adoption.

    Taking the Bitcoin network, for instance, it currently runs with a validation time of 10 minutes while handling 7 transactions per second, while Ethereum has a validation time of 15 seconds, processing 20 transactions per second. Newer generation blockchains like Harmony can handle up to 10 million transactions per second.

    Despite the improvement made by Harmony blockchain, the network is still limited to the number of transactions it can handle per second. This unarguably is a prime reason why the ARCHEthic network infrastructure is unique. The “transaction chain” mechanism deployed by ARCHEthic makes it possible to handle an unlimited number of transactions per second, thereby leaving room for scalability and seamless handling of high network traffic.

    ARCHEthic’s Ability to Scale Does Not Compromise the Security of the Network

    The ARCHEthic security layer makes it possible to support an infinitesimal risk of network corruption, even if 90% of available nodes are malicious.

    As contained in the whitepaper, if the number of nodes in the network increases, the probability of detecting an anomaly among the nodes selected to perform a transaction, if at all, increases drastically. Compared to other blockchains, the ARCHEthhic blockchain could continue to function properly, even with 90% of the network being malicious.

    ARCHEthic also handles data efficiently. When transactions are broadcast, a pool or set of storage nodes is determined and receives a copy of the transaction made in order to save it. This is accomplished through sharding, which ensures that the nodes are less loaded with data and can store at least between 190 and 9000 times the number of transactions of the Bitcoin network.

    This mechanism of unique node operation reduces the power consumption of the ARCHEthic blockchain. The ARCHEthic Yellow Paper compares the power consumption of ARCHEthic to Bitcoin in an interesting way.

    “Considering that 10 nodes are dedicated for 10 seconds to validate and replicate a transaction and that Bitcoin processes 93 million transactions per year, it would take 295 ArchEthic nodes to cover the current mining power of the Bitcoin network. Knowing that a node spends 15 Wh, over a year, the technology would consume 38,805 kWh/year or 3.6 billion times less than Bitcoin itself.”

    It is intriguing to see the massive innovation going on in the blockchain and cryptocurrency industry. More fascinating is the fact that innovations like ARCHEthic are rising to the occasion at a time when the blockchain scalability hurdle has been a bane on the industry.

    About ARCHEthic Public Blockchain

    ArchEthic is a highly scalable, tamper-proof Blockchain with scalability greater than 1 Million TPS, and validation time of less than 5 seconds. The blockchain has the capacity to handle up to 90% maliciousness, 3.6 billion times less energy consumption than Bitcoin, and 0.1% of the transaction fees.

    The platform aims to replace and improve all current applications with a comprehensive and open ecosystem, allowing people to move from the trust imposed by centralized to decentralized systems while keeping identity and privacy under the control of the user.

    With ARCHEthic, you can access your identity but no one owns it. The security and threat issues that centralized systems pose helped us realize that self-sovereign identity is needed now more than ever. An Open Source autonomous & Decentralized network in the hands of the world population created by the people, for the people. ‌‌

    ARCHEthic Official Links

    Website: https://archethic.net/

    Whitepaper: https://archethic.net/ARCHEthic_WhitePaper.pdf

    Twitter: https://twitter.com/archethic

    Telegram: https://t.me/ArchEthic_ENG

    Instagram: https://www.instagram.com/the_official_archethic/

    Discord: https://discord.com/invite/CJZJvVReBx

    GitHub: https://github.com/archethic-foundation

    YouTube: https://www.youtube.com/channel/UCmP7Sg_TdBfbO1_u4EyIKzg



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  • Coinbase Voices: Creating her own path in crypto

    Coinbase Voices: Creating her own path in crypto

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    Veronica Hash, Program Manager for Belonging, Inclusion and Diversity, shares her crypto journey and gives insight into her path at Coinbase

    Tell us about what you do. What does it mean to be the Program Manager for Belonging, Inclusion and Diversity (BID) at Coinbase?

    My day to day varies (which I absolutely love), but it always starts with coffee and organizing/prioritizing my workday.

    As the Program Manager for Belonging, Inclusion and Diversity (BID), my goal is to make sure that Coinbase is a place where people of all walks of life can see themselves thriving and growing. I consider myself a master connector, an empathetic listener, and someone who uses creativity and emotional intelligence to achieve my program’s goals. I partner closely with our phenomenal Employee Resource Groups, People and Marketing & Comms teams on projects around recruiting, mentorship, retention and community building within Coinbase.

    How did you first get interested in crypto?

    I got interested in crypto through my husband. He used to trade in the stock exchange years ago and became fascinated with crypto’s ability to change the game. We bought some bitcoin back in 2015 at the whopping price of $280 a coin and held on to it. When the bull run came in 2017, we cashed out and bought our first house! Quite a feat in the San Francisco Bay Area, where real estate is shall we say, not the most affordable. Then, we bought back in at the bottom — held — and in 2020, we did it AGAIN!

    What’s the story of how you started working at Coinbase?

    In early 2019, I got laid off from my dream job while I was six months pregnant, but it turned out to be a blessing in disguise. I got to spend six months with my baby girl and reevaluate my priorities. I wanted a role with work-life balance, the ability to grow in my career, and a really great team.

    When I was ready to return to work, a recruiter introduced me to the opportunity at Coinbase. Once I heard the company name, I WAS IN! I mean, crypto was kinda my thing because of my earlier success investing in crypto, but funny enough, I never actually considered working in the industry.

    You came in as an executive assistant, so how did you make the switch to a new career path? Any advice for others who would like to do the same?

    Being an executive assistant for 10+ years absolutely prepared me for this role. Organization, people skills, project management — those are all things EAs have in spades. I was open about my aspirations with my manager, and around the one year mark, I started getting more serious about what internal mobility might look like for me. I also have an amazing mentor through our Growth, Empowerment and Mentorship, aka GEM program, who suggested — given my passion for BID — that I look into the program manager role.

    My advice: first of all, make sure you are killing it in your current role — document and share your wins and be proactive in asking for feedback. Second, meet as many people in the company that you can — have informal coffee chats and informational interviews. Those relationships may turn into formal mentorships or they may alert you when they know a role in their org is going to open. And last, when you apply, make sure you are competitive — Coinbase hires top talent for every seat — make sure you’re clear about the value you will bring to the team.

    What inspires you to log on every day? Do you ever fear burning out, given the somewhat emotional nature of your role?

    My team is super supportive and collaborative. I get energy from the intellectual side of my work — when I am writing, reading, and researching. I also thrive on the partnerships we are building right now.

    Burnout is real, so yes, I can for sure get afraid of that. One thing I have learned is to not let myself become siloed. My BID team may be small, but we have allies and champions at all levels and in varied orgs within the company. I am not in this alone.

    What are you most proud of (can be little things or a major moment)?

    I am most proud of an internal talk I gave during Black History Month called, “Authentic Leadership in the Black Community.” I shared vulnerably the pros and cons of growing up in a predominantly white community; my early years of addiction and how I approached the deep work required to bring out my authentic self. It was so powerful and real. I remember feeling so supported by everyone’s comments in the chat and Slack messages afterwards.

    I am also incredibly proud of the work I do to spread the message about our BID work. I love challenging narratives and misconceptions folks may have about Coinbase. I am a deep believer in face to face conversation and being candid. When we recently acquired a company, I hosted a “Keepin’ it Real” session so we could answer any questions or address any concerns they may have had from an employee experience standpoint. This is one reason why we created this “Coinbase Voices” series. I want our voices to be heard.

    What are you currently excited about in the crypto ecosystem?

    I recently started learning about staking and earning yield on our holdings and wow — that’s been an awesome passive income stream. I’m a creative so I absolutely love the intersection of art and crypto: a great example is the real adrenaline rush I got from watching “Love is in the Air” by Bansky get auctioned off at Sotheby’s. Not only was it a Banksy (I was waiting to see if it would self-destruct), but it was also the first time the auction house would accept crypto (BTC and ETH) as a form of payment.

    What are you passionate about outside of work?

    Family is everything! Super grateful for mine!

    Coinbase Voices: Creating her own path in crypto was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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  • How Coinbase is Building our Global Engineering Team

    How Coinbase is Building our Global Engineering Team

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    TLDR: Coinbase is now hiring in Brazil and Singapore, building upon remote-first and timezone based regions of work.

    By Manish Gupta, EVP of Engineering

    Coinbase continues to rapidly grow our Engineering team around the world. As a global company, we need deep technical and market-specific expertise across the key regions we serve. Earlier this year, we established our first tech hub in India, and we continue to aggressively hire in the region across product, engineering, design as well as other roles.

    Today we’re announcing that we’re opening up tech hubs and actively building out our Engineering teams in two more countries: Brazil and Singapore. Like India, each has an incredible talent pool of engineers, and we look forward to connecting with world-class talent that can help us achieve our mission. We have already hired senior engineering leaders in both Brazil and Singapore who will act as engineering site leads in these countries, and we are now opening up engineering hiring in both these countries.

    Driving Efficiencies Through our New Regions Framework

    As a remote-first company, our ambition is to be able to hire anywhere in the world where talent resides. Yet, we also recognize the challenges facing distributed teams, and we work hard at maximizing efficiencies across communications, collaboration, and execution.

    That’s why we recently established three distinct regions of work for our Product and Engineering teams — Americas, EMEA and APAC. This regional framework allows us to think about allocating work and creating communities within similar time zones. Our goal is to have team members all work within a single region, meaning one product team may have members in Brazil, the US and Canada. This model provides managers with increased autonomy, and ensures all team members are working in relatively close time zones.

    Brazil will align to the Americas region, and Singapore to the APAC region. We plan to continue building hubs in various countries across each region, of various sizes, to help us attract top talent from around the world.

    If you’re passionate about solving challenging engineering problems, please consider joining us in our mission to increase economic freedom around the world. Come build with us. For jobs specifically in Brazil, click here. And, for jobs in Singapore, click here.

    How Coinbase is Building our Global Engineering Team was originally published in The Coinbase Blog on Medium, where people are continuing the conversation by highlighting and responding to this story.

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  • Ethereum Regains Strength, Indicators Suggest Fresh Run To $4,850

    Ethereum Regains Strength, Indicators Suggest Fresh Run To $4,850

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    Ethereum started a fresh increase from the $4,500 zone against the US Dollar. ETH could extend upsides towards $4,850 unless it fails to stay above the 100 hourly SMA.

    • Ethereum started a fresh increase above the $4,600 and $4,700 levels.
    • The price is now trading above $4,650 and the 100 hourly simple moving average.
    • There was a break above a major bearish trend line with resistance near $4,630 on the hourly chart of ETH/USD (data feed via Kraken).
    • The pair could extend gains above the $4,800 resistance zone in the near term.

    Ethereum Price Eyes More Upsides

    Ethereum formed a decent support base above the $4,500 level. As a result, ETH price started a fresh increase above the $4,600 resistance zone and the 100 hourly simple moving average.

    There was a break above a major bearish trend line with resistance near $4,630 on the hourly chart of ETH/USD. The pair climbed above the $4,700 level, but it is now facing resistance near the $4,725 level.

    Ether is now consolidating gains and trading near $4,700. It is also well above the 23.6% Fib retracement level of the upward move from the $4,520 swing low to $4,725 high. An immediate resistance on the upside is near the $4,725 level.

    Ethereum Price

    Source: ETHUSD on TradingView.com

    The next major resistance is near the $4,750 level. A break above the $4,750 level may possibly spark a fresh rally. The next key resistance is near the $4,850 level. Any more gains could lead the price towards the $5,000 level in the near term.

    Dips Supported in ETH?

    If ethereum fails to climb above the $4,725 and $4,750 resistance levels, it could extend its downside correction. An initial support on the downside is near the $4,675 level.

    The first major support is near the $4,650 level and the 100 hourly SMA. The next major support is near the $4,620 level. It is near the 50% Fib retracement level of the upward move from the $4,520 swing low to $4,725 high.  Any more downsides could lead the price towards the $4,550 support. The next major support for the bulls is near the $4,500 level.

    Technical Indicators

    Hourly MACD – The MACD for ETH/USD is slowly losing pace in the bullish zone.

    Hourly RSI – The RSI for ETH/USD is now well above the 50 level.

    Major Support Level – $4,550

    Major Resistance Level – $4,850

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  • Chiliz (CHZ) gains 170% after launching live in-game NFTs for fan token holders

    Chiliz (CHZ) gains 170% after launching live in-game NFTs for fan token holders

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    This year has seen a number of high profile partnerships formed between the cryptocurrency sector and major sports leagues, teams and individual players. Nowadays players engage with their fans by issuing limited edition NFTs and other perks that are associated with crypto and blockchain technology.

    Crypto companies are also making their presence known stitching their names on jerseys, buying stadium naming rights and paying for cleverly placed primetime commercials between game breaks.

    One project that has seen a recent surge in interest thanks to its focus in the world of sports and helping fans interact with their favorite teams and players is Chiliz (CHZ), the blockchain network behind the Socios.com fan engagement platform.

    Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.243 on Sept. 29 the price of CHZ spiked 171% to a daily high at $0.657 on Oct. 31 and recent developments are now pushing the price back towards the swing high.

    CHZ/USDT 4-hour chart. Source: TradingView

    Three reasons for the growing strength of CHZ include the launch of live in-game NFTs, recent exchange listings for CHZ as well as its newly released fan tokens and the protocol’s rapidly expanding ecosystem of partners.

    Live in-game NFT drops

    The development that kicked off the current rally was the rollout of the platform’s first live, in-game NFT drop which took place a match between A.C. Milan and A.S. Roma.

    With this design, new NFTs are minted as they happen based on key moments in live matches and then they are dropped to the wallet of fan token holders who correctly predict the outcome of the game.

    The announcement that this new method of distributing NFTs was followed by a spike in demand for the token which has continued to build in the following weeks.

    CHZ and fan token support

    Another reason for the building momentum of CHZ has been the addition of new exchange listings, as well as its newly released fan tokens for clubs like São Paulo FC, AC Milan and Manchester City.

    In addition to the listings, Binance is also allowing fans to earn tokens from their favorite teams by staking Binance Coin (BNB), Binance USD (BUSD) and CH.

    OKEx also announced that it will support tokens from the Chiliz ecosystem and CHZ appears to have benefited from a new listing eToro’s crypto exchange on Nov. 9.

    Expanding ecosystem backs the current rally

    Ecosystem expansion could be another recent development that is strengthening CHZ’s fundamentals. 

    Recently, the platform unveiled a partnership with Kraft Sports and Entertainment which will see the National Football League’s (NFL) New England Patriots and Major League Soccer’s (MLS) New England Revolution join the Chiliz and Socios ecosystem.

    This partnership marks the first foray for Chiliz into the NFL and MLS and indicates that the protocol has its sights set on expanding to cover all major sports leagues where there is a demand from fans for more engagement.

    VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for CHZ on Oct. 28, prior to the recent price rise.

    The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.

    VORTECS™ Score (green) vs. CHZ price. Source: Cointelegraph Markets Pro

    As seen in the chart above, the VORTECS™ Score for CHZ began to pick up on Oct. 27 and reached a high of 70 on Oct. 28, just as its price began to increase 125% over the next two weeks.

    The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.