As promised, the leading US crypto exchange Coinbase has dramatically increased the number of coins supported on its platform. The company just added Stellar (XLM), a few weeks after the long-rumored debut of XRP.
So which coins will land the coveted Coinbase listing next?
Back in December, Coinbase revealed it’s taking a hard look at 31 additional cryptocurrencies. The platform now supports Bitcoin, Ethereum, XRP, Litecoin, Bitcoin Cash, Stellar, Ethereum Classic, Zcash, 0x, Basic Attention Token and USD Coin.
That leaves 28 coins on Coinbase’s list of prospects.
Coinbase Pro, the company’s professional trading platform, already supports a handful of the coins on the list above: Civic, Dai, District0x, Golem, Loom, Decentraland and Zcash.
QuarkChain’s first ecosystem partner, UDAP, is conducting an IXO on the cryptocurrency exchange Piexgo. The IXO will take place on 7th July 2019, and last up to 8th July 2019.
An IXO is an initiative by Quarkchain to raise QKC tokens for blockchain projects built on top of QuarkChain. An IXO is similar to ICO but instead of any other token only QKC tokens, the native token of QuarkChain, is raised.
UDAP, short for Universal Decentralized Asset Platform, is a blockchain based asset protocol that sits between applications and public blockchains to provide Restful APIs and an “Asset Wallet” for application developers to create powerful blockchain-based applications without writing any smart contracts.
As the number blockchain applications grow and blockchains improve, there is a fundamental divide between blockchains and the applications in terms of scalability, performance and user experience. UDAP plans to provide a middle layer solution to the above problem.
Using UDAP, developers can create DApps (decentralized applications) without any knowledge of blockchain or scalability required.
UDAP has been started by ex-IBM employees, with Derrick Warren, Former Vice President of IBM Global Services, leading UDAP project as the Chairman of the UDAP Foundation. Other team members include Bing Rang, Li Zhang, and Frank Ying.
The concept of UDAP was completed in 2018 and received favorable reviews in the form of angel investment from world class VCs which include JIC Capital, Direction Capital and also QuarkChain’s venture fund. To raise funds for scaling the project the UDAP will be doing an IXO.
UDAP will be the second blockchain project to raise funds through am IXO. If the IXO is a success more projects will be raising funds through an IXO.
The Token symbol is UPX and only 1,400 people will be allowed to take part. 1 QKC = 10 UPX and the cap amount to raise is 5,000,000 QKC (or $100,000 in today’s market valuation).
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Author
Ishan Garg Ishan is a cryptocurrency trader and a journalist. He joined the cryptocurrency space in 2017. He is the founder of Blockmanity. He is a HODLER and is holding BTC, ETH & UGT.
QuarkChain is a relatively new project in the cryptocurrency space. Founded in 2017, and did the impossible task of raising funds in 2018 bear market, QuarkChain has become a good project in the eyes of its investors. The blockchain is currently valued at $42 million and has a daily trading volume above $9 million.
We had a chance to catch up with Ms. Anthurine Xiang, the CMO of QuarkChain. She shared some good insights regarding QuarkChain and why it’s set to become a big player in the blockchain space.
Blockmanity: Initially you worked at Wall Street and Silicon Valley. What attracted you to the blockchain industry?
Anthurine: So you see, I have a combined background of finance as well as technology, a really good combination. I knew about Bitcoin for quite a while, but I did not know about blockchain before 2017. While I was working at a tech company in Silicon Valley, one of my colleagues introduced me to blockchain technology and immediately I found it groundbreaking.
At that point, I had just started investing in cryptocurrency (namely Bitcoin and Ethereum) and also started helping cryptocurrency projects in their marketing in Silicon Valley. One of my colleagues started pitching this project – QuarkChain and he invited me to join as there were only 2-3 engineers.
Back in 2017, when I first joined the blockchain industry it was full of scam projects everywhere. But as I look at the industry now, it has matured and we can see a lot of good projects in the industry. I know many engineers from Google and Facebook looking joining this space.
Blockmanity: You had raised funds in 2018, how hard was it to raise funds in this bearish market?
Anthurine: It was really hard to raise funds in the 2018 market. We started raising money in February 2018. I remember we had a very small investment before April. But in April the story changed. The markets were better than February and March. We were also getting noticed at that time.
A lot of projects were doing Airdrops at that time, we decided not to do an Airdrop. We already had a testnet by March 2018, and we invited a few engineers and media and did some transaction in front of them. The transactions were really fast. And, the media posted a few articles about us and the engineers started promoting our project through word of mouth. And that’s how we got initial traction.
One thing that helped us raise funds, is our unique approach to the scalability problem. We are solving the scalability problem using “Sharding”.
Sharding is not new. Back to 2010, every major tech company was doing scalability using a clusters machine. But it didn’t work out as it was expensive and efficient. That’s when the idea of on-demand scaling was implemented. If the demand is high, increase computation and if less decrease the computation. This is called “Sharding”.
In 2018, to improve scalability everyone was either trying to increase the block size or decrease the confirmation time or get a new consensus algorithm. We said leave that, we decided to use sharding which is a proven technology. And it worked. Sharding allows us to scale in a linear way. And different shards also allow people to use their own consensus algorithm.
Anthurine shoqing Quarkchain’s user growth
When we introduced the project we were the only one implementing sharding. The only project which was doing sharding at that time was Zilliqa, but they weren’t using it to its full potential. At that time Ethereum started talking about Sharding as well.
Blockmanity: In your whitepaper, you mention your goal is to achieve 1 million TPS. EOS tried that as well but failed miserably. Why do you think QuarkChain will be able to achieve this?
Anthurine: That is because of Sharding. EOS, they are trying to make a faster chain. Ethereum is trying to make a faster chain. But, there is always a limit for a single chain. The philosophy behind sharding is to scale up using multiple chains.
To speed up, we can come to different chains (shards) and each of these chains can have its own consensus. There will be better faster consensus coming out this year or the future. And we can incorporate them all through sharding. Theoretically, there can even be a million shards.
In our testnet, we had a TPS competition and the number one user achieved 50K TPS. And is due to current technology. With better and faster consensus algorithms we can achieve 1 million TPS in the future.
Blockmanity: Sharding requires a centralized entity requiring to oversee the scalable chains. Doesn’t QuarkChain become that centralized entity, going against the principle of decentralization?
Anthurine: Our blockchain’s design is similar to Polkadot’s. Polkadot’s interoperability works through a hub model. Polkadot’s SDK acts as a hub which connects different chains and facilitates interoperability. Similar to Polkadot, existing blockchains can be forked as a shard on our blockchain.
I would not consider QuarkChain as a public chain but rather like AWS. We provide the infrastructure to speed up transactions and provide interoperability functions to existing blockchains. So this allows us to work with public chains as well.
Each shard on our platform can have its own token economics. The reason public chains work with us because we help them solve the scalability issue. This means they don’t need to solve scalability issue on their own. They can use our infrastructure to achieve their goal.
We are going to add more functional shards in the future. Our next step is to add a privacy shard, which allows people to send money in a private. With our functionality shards, people can exchange tokens in a decentralized manner.
Blockmanity: While going through news on QuarkChain we came across a product call QPocket. What is QPocket?
Anthurine: QPocket is a wallet by us and not infrastructure. Think of QPocket as an entry to DApps. Any DApps sitting on a blockchain, if they want a user-friendly entry point, QPocket will provide them that. It has nothing to do with blockchain but more to do with DApps.
Blockmanity: Speaking in terms of DApps, what according to will be the next killer DApp?
Anthurine: To be honest, I don’t know what would be the next killer DAps. What I know is that we have to be ready for the next killer Dapps, and we should constantly be on the lookout for them. We have to be flexible to provide them the technology they need. We want the next killer DApp built on QuarkChain. It will take time, but personally, I think it will be on the payment side.
Blockmanity: Great, so what’s next for QuarkChain?
Anthurine: Ah good question. QuarkChain is quite flexible. And our step is to increase this flexibility. This is to increase the number of functionality shards.
The next shard we are adding is the privacy shard. We have also signed some contracts with big enterprises to develop the blockchain technology with them.
We are also going to expand our community and get ourselves listed on more exchanges. We recently had our first community governance, and people agreed that they want to accelerate the token release process. After this, we will do a lot more news releases and get a lot of people to know about QuarkChain.
Blockmanity: Great, sound like a busy year ahead. A final question, how can people earn QuarkChain (QKC) tokens?
Ans) There are 2 ways to earn QKC tokens. First, We hold regular bounties which include joining our community and earning some QKC tokens. In fact, the last one ended a couple of weeks back. But it is only sometimes.
Second, and the best way is to join our Guardian program. As a guardian, anyone can join as a candidate with the promise to bring some value to the community. Existing members will vote for you and if you bring the promised value you will earn reward QKC as well as the people who voted for you earn QKC. You can also vote using your QKC and earn more QKC.
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On July 3rd, Binance Charity Foundation (BCF), the official charity and philanthropic arm of Binance announced the Pink Care Token (PCAT). PCAT is an alliance of blockchain companies to empower 1 million women in developing countries to improve feminine health and wellbeing. The first delivery is scheduled at mid-July in Uganda. A total of 46 companies have joined the alliance.
Sharding based blockchain, QuarkChain, was the first blockchain company to respond and join Binance’s BCF alliance. QuarkChain will be providing technical assistance in the development of PCAT. QuarkChain’s CEO, Dr. Qi Zhou, said,
“The 46-agency alliance is a grand philanthropy with different strengths. QuarkChain’s flexibility is compatible and inclusive. We are willing to provide technical assistance within our capabilities for the release of the Pink Care Token to create more well-being for women around the world.”
This is Binance’s second philanthropic project in Uganda. Last year Binance launched “Binance for Children” initiative. The goal is to help school kids get access to food via Lunch for Children program, as well as scholastic materials, and electricity from solar charity initiative.
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Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
Author
Ishan Garg Ishan is a cryptocurrency trader and a journalist. He joined the cryptocurrency space in 2017. He is the founder of Blockmanity. He is a HODLER and is holding BTC, ETH & UGT.
Decentralized finance, popularly known as DeFi, has been one of the greatest use cases of the Ethereum network. With most of the DeFi applications developed on the Ethereum blockchain, DeFi has a total of about $660.2 million locked in the platform. However, Dragonfly Research’s Haseeb Qureshi claims to have pointed out a potential threat to the Proof-of-Stake [PoS] algorithm.
While the Ethereum community has been gearing up for the network’s transition from Proof-of-Work [PoW] to PoS with Ethereum 2.0, Qureshi’s latest post questions the working of PoS in the network. With DeFi’s most popular sector being the lending and borrowing platform, this on-chain lending platform not only affects traditional secured lending, but also the PoS consensus.
Qureshi, in his post, elaborated on how secure the PoS system is and wrote,
“A PoS system is secure when there are lots of coins actively staked for the network. In most PoS algorithms, so long as 2/3rds of all the staked assets are owned by honest actors, the blockchain will be secure.”
There are two possible ways a person could attack the PoS system. The first one would be fairly difficult and expensive as it requires the attacker to acquire 1/3rd of the remaining stake. However, Qureshi listed out a second option that would require the attacker to influence present stakers to discontinue staking and take over the much cheaper network by offering them a better yield elsewhere. This could be possible as stakers require rewards that are big enough in order to be incentivized to stake. He further detailed the reason behind the same and wrote,
“But if they can get better returns elsewhere, then you should expect a rational staker to unstake their assets and put them wherever they earn a higher return.”
This could possibly transfer the demand away from staking which would make the network comparably less safe. Taking into consideration on-chain lending markets, they directly challenge staking further testing the security of the entire protocol. Furthermore, while Ethereum is yet to dive into the PoS algorithm, Qureshi described the only way to defend the possible attack. He wrote,
“The only realistic way that this can be defended against is by using flexible monetary policy to offer competitive rates when necessary. Any fixed inflationary regime is vulnerable to this kind of attack, since an attacker always knows exactly how much they need to subsidize the lending market in order to cannibalize stakers.”
While Ethereum’s Vlad Zamfir dismissed Qureshi’s post and labeled it “ancient long-adressed bullsh*t,” Co-founder of the Ethereum network, Vitalik Buterin, elaborated on why the research doesn’t hold. In a series of tweets, Buterin said,
The assumption that deflationary monetary policy implies R approaches zero is wrong, it ignores transaction fees
Obviously if rewards *and* fees approach zero percentage staked approaches zero
— vitalik.eth (@VitalikButerin) December 3, 2019
Additionally, Qi Zhou, Founder of QuarkChain, commented on Qureshi’s Medium post suggesting another possibility, “suppose a block producing reward (not include tx fees) equals to staker_token / sum_of_all_staker_token.” Zhou pointed out that there is a chance of stakers unstaking and lending their tokens if the rate of return of PoS would be worse than lending. This would further lower the total staked token and increase the return rate of PoS, which would help in attaining an equilibrium. He concluded by stating,
“Admittedly, this may hurt the system security but it seems that 100% percentage lending from the figure seems to be impossible.”
QuarkChain (QKC) is a fully decentralized and permissionless blockchain infrastructure aiming to meet global trade standards. This decentralized, secure, and scalable blockchain network, targeting more than 100,000 network-based transactions per second, aims to facilitate global trade digitally. The key features of the QuarkChain network are as follows:
Flexibility: QuarkChain network supports multiple consensus infrastructures and hosts various transaction models, providing a multi-layered token economy and accommodating different wallets. With the capability to modify consensus structures, transaction models, and decentralized finance developments, this network is particularly noted for its significant transaction capacity. Every DApp on the Ethereum network can be used on the QuarkChain network, achieving over 100,000 transactions per second at lower transaction fees.
Scalability: While QuarkChain’s goal of over 100,000 transactions per second has not yet been reached, it currently achieves more than 55,000 transactions per second, showcasing its speed over other networks.
Decentralization: QuarkChain has a two-tier structure that allows individual miners to mine on different layers. Common mining pools enable everyone in the network to mine, preventing the dominance of larger players over smaller ones.
Usability: QuarkChain not only has its own token economy but also stands out by enabling the production of various cryptocurrencies within its network.
Where to Buy QKC Coin?The world’s largest cryptocurrency exchange by trading volume, Binance, is the ideal place to buy QKC Coin with high liquidity. QKC Coin can be purchased on Binance using QKC/BTC and QKC/ETH trading pairs. To buy QKC Coin, it is necessary to first open a Binance account.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
QuarkChain tops the altcoin list with a massive overnight surge leading to the $0.010 psychological mark breakout. Will $QKC sustain an uptrend this week for an extended uptrend?
As Bitcoin approaches the $70K mark, the altcoins market is red hot, with 24H massive returns. Amidst the bull run, Chinese tokens like Quarkchain have given a massive jump, leading the top-performing list in 24 hours.
Following the massive surge, will the QKC continue the bull run for a new 52W high?
Trendline Breakout For Quarkchain Eyes $0.017 With a remarkable 69% jump within 2 hours, Quarkchain marks a trend reversal opportunity with a massive surge in demand. The bull run in the QKC token ends the correction phase and accounts for a price jump of 72% in the last three weeks.
The bull run in the QKC token surpasses the 200D EMA and challenges the overhead resistance at the 50% Fibonacci level. Further, it completes a rounding bottom reversal with a neckline at $0.012.
QKC Price Chart Currently, the QKC token trades at the $0.010 mark while the buyers struggle to sustain the dominance at the psychological mark.
Coming to the technical indicators, the RSI line spikes into the overbought territory in the daily chart, reflecting a massive surge in demand. Further, a bullish crossover in the 20D and 50D EMA bolster the trend reversal.
Hourly Fibonacci Reveals Extended Uptrend Chances In the 1H chart, the QKC token price action reveals the bullish exhaustion leading to a quick pullback. The 7.51% correction takes support at the $0.010 mark, and the 20 EMA, the underlying demand holds the price.
QKC Price Chart Multiple Doji candles are leading to a new bullish engulfing candle, and the buyers are regaining momentum. Further, the hourly RSI’s minor divergence is significantly increasing the bull run chances. As per the trend-based Fibonacci levels, the uptrend continuation in Quarkchain could hit $0.017.
As the overall market recovery picks up pace and the sudden rise in demand for Chinese tokens, the QKC token will likely continue the uptrend.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
On July 28, the QKC token’s price increased from $0.008 to $0.014. Over the past week, it’s climbed by over 28%. As of today, July 30, QKC is trading at $0.01, with a market capitalization of $70,762,113. What is the QuarkChain price prediction for the short and long term?
1-week QKC price chart | Source: CoinMarketCap As claimed, QuarkChain is working to fix some of the big problems that older blockchains face. While Bitcoin and Ethereum have nailed decentralization, they’ve had to sacrifice scalability and flexibility to get there. Meanwhile, projects like XRP or USDT offer high scalability but are centralized, which doesn’t represent the ideal vision of the crypto world. QuarkChain aims to change this by solving these problems. Here’s how:
Solves low scalability Bitcoin, being the first and biggest cryptocurrency, is also the most widely used, but it can only handle about 6-7 transactions per second. Ethereum is a bit better, managing around 14-15 transactions per second. QuarkChain, on the other hand, aims to hit a massive 100,000 transactions per second, which would make it one of the most scalable blockchains out there. Right now, it’s already handling around 55,000 transactions per second, which is a huge leap forward compared to older networks.
Increases flexibility QuarkChain is an intriguing public network that supports multiple consensus mechanisms, transaction models, ledgers, token economies, and more, all within a single network. Its team claims that it can adapt to blockchain innovations by simply adjusting its consensus or changing transaction models and other aspects. This makes QuarkChain really flexible and easy to update, unlike other blockchains that usually stay stuck with their original setup unless they go through a major overhaul.
Promotes decentralization QuarkChain’s two-layer system means that anyone can mine its tokens directly, whether you’re a seasoned pro or just starting out, no matter what kind of gear you have. It believes that this approach is far superior for decentralization compared to joining mining pools. Additionally, it allows users to choose whether they want to mine in the root chain or in a shard.
Achieves interoperability Thanks to its architecture, cross-chain transactions become feasible. The project notes in its documentation that QuarkChain supports only one root chain, so transactions from other blockchains — although possible — require some adjustments. They can be executed by converting tokens using an adapter and then carrying out transactions, such as transactions between segments. The only other method is to adapt another chain as a sidechain, making cross-chain transactions, which are already available, also cross-chain transactions.
Usability of the QKC token The QKC token, QuarkChain’s native currency, opens up a world of exciting opportunities. It’s particularly well-suited for cutting-edge technologies like AI, big data applications, and the Internet of Things. The project also highlights that QKC is perfect for mobile dApps due to its robust design and structure. Beyond that, QuarkChain’s technology makes QKC valuable for various other applications, including social networks, online storage, exchange platforms, and even gaming.
What will the QuarkChain price prediction be for the near future and beyond?
QuarkChain coin price prediction What’s on the horizon for QKC in the near term?
QuarkChain crypto price prediction: short-term outlook According to the QuarkChain price forecast by CoinCodex, the coin’s price is expected to rise by 1.23%, reaching $0.010365 by August 29, 2024. Technical indicators are currently showing a bullish sentiment, and the Fear & Greed Index is at 67, reflecting a state of greed.
QuarkChain price prediction 2024 Wallet Investor’s projections hint that by the end of 2024, QKC could hit a maximum price of around $0.0247.
Based on current data, QuarkChain and its market environment have experienced a bullish trend over the past 12 months if such a trend exists. However, AI analysis suggests that QKC might face a downturn in the future, making it less likely to be a profitable investment. Given this gloomy outlook, it could be a smart move to look into other projects to diversify your portfolio. Trading in bear markets can be tough, so it’s wise to steer clear of this currency if you don’t have much experience. New investors should familiarize themselves with effective investment strategies before proceeding. These expectations are derived from Wallet Investor’s QuarkChain price prediction.
QuarkChain price prediction 2025 According to CoinCodex’s QKC price prediction for 2025, QuarkChain’s price could range from $0.0099 to $0.0159. If QKC reaches the higher end of that range, it could see a boost of up to 59.31% from its current value.
QuarkChain price prediction 2030 CoinCodex estimates that by 2030, QuarkChain’s price could vary between $0.0120 and $0.0560. If it hits the higher point of this forecast, it might see a remarkable increase of up to 462.96% from its current value.
Is QKC a good investment? Before putting your money into anything, consider how much risk you’re okay with and what you want to accomplish financially. That way, you can make choices that fit your investment goals.
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.
QuarkChain has announced a significant achievement. Their joint proposal with EthStorage, titled “Research and Development on Multi-Section Fault Dispute Game”, has been awarded a 77K OP grant from Optimism Retro Funding 5. The news was shared on QuarkChain’s X account.
Research Project Enhances OP Stack Fault-Proof Systems The goal of this research project is to enhance the fault-proof systems. It aims at proving that bisect-search fraud proofs can be extended to K-section-search fraud proofs. The project is based on highly efficient EIP-4844 DA technologies. This innovation brings down interaction rounds from 73 all the way to just 7. The end product is the quicker settlement of fault-free transactions. It also reduces cost, thus a plus for all users in the OP Stack superchain environment.
EthStorage is a Layer 2 architecture for a decentralized storage solution. It provides customizable key-value storage and a permanent DA solution for Rollups. EthStorage has secured two grants from ESPA in the past to establish its reliability and uniqueness in blockchain.
EthStorage and QuarkChain Receive Grant for Fault-Proof Research Multi-Section Fault Dispute Game has been made possible through EthStorage and QuarkChain partnership. Both are at the forefront of pushing the envelope on faultless systems. The purpose of this research is to increase efficiency and resilience of the OP Stack ecosystem. The grant award also demonstrates that blockchain research and development is a collective effort.
Overall, both QuarkChain and EthStorage are progressing as follows. It is expected that their work will increase the efficiency of fault-proof systems and enrich the OP Stack offer.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
EthStorage, a top entity providing scalable blockchain storage services, has announced an exclusive collaboration with QuarkChain. The partnership aims to unveil “Super World Computer”, a groundbreaking platform integrating scalable storage and advanced multi-chain technology to drive decentralized AI innovation. The platform disclosed this collaboration on social media.
Happy to work with @Quark_Chain together to launch the Super World Computer – a fully decentralized Layer 2 blockchain designed for decentralized AI applications with unmatched scalability and security! 🚀
As a L3 we provide scalable, cost-efficient, and long-term on-chain… pic.twitter.com/v59HeuELNp
— EthStorage (@EthStorage) December 18, 2024 EthStorage Unveils Super World Computer in Collaboration with QuarkChain EthStorage shared a new blog post to provide the details of its new collaboration with QuarkChain. The partnership reportedly focuses on delivering unparalleled innovation, security, and scalability within the decentralized Web3 realm. The launch of Super World Computer emerges as a landmark achievement in the blockchain evolution. It fulfills the demand for resilient infrastructure to support the complicated requirements of the decentralized apps driven by AI.
By paying attention to scalability and security, Super World Computer promises to revolutionize the possibilities concerning on-chain artificial intelligence. The L3 platform EthStorage plays a vital role in the respective endeavor by offering long-term, cost-efficient, and scalable on-chain storage solutions. The above-mentioned features are very crucial to enable cutting-edge applications like decentralized AI for the overall Web3 sector’s advancement.
Leading to Innovative Possibilities in AI and decentralized Ecosystems The platform pointed out that the collaboration denotes a noteworthy move in redefining the decentralized innovation’s future. The platform integrates QuarkChain’s advanced L2 technology, it is establishing a forum to strengthen developers. In this way, it aims to expand the possibilities concerning decentralized artificial intelligence. QuarkChain, well-known for its multi-chain architecture as well as scalability, offers its expertise to EthStorage.
Keeping this in view, the collaboration emphasizes the Super World Computer’s capabilities to tackle high throughput as well as security-related demands of the latest decentralized applications. Hence, the collaboration endeavors to unlock the Web3 sector’s potential, especially in applications requiring massive storage and computational power.
The Initiative Aims to Make Super World Computer a Keystone in the Decentralized World According to EthStorage, with the evolution of the Web3 sector, the partnership with QuarkChain reflects the significance of mutual efforts to drive innovation. The partnership merges the strengths of both entities to increase the decentralized sector’s role in AI apart from cutting-edge apps. The Super World Computer is poised to become the central part of the decentralized network, to trigger the impending wave of innovation in AI and blockchain realms.
AUTHOR
Umair Younas is a cryptocurrency-related content writer linked with this work since 2019. Here, at Blockchainreporter, he serves as a news and article writer. He is a crypto, blockchain, NFTs, DeFi, and FinTech enthusiast. He has strong command over writing authentic reviews about brokers and exchanges and he has collaborated with our education team to write educational content as well. He has a dream to raise awareness among people about digital currencies. His works are well-researched and brimmed with information hence they provide fresh insights. Stay tuned to his posts if you want to stay up-to-date with the crypto-verse.
Ethereum depends on mining or “proof-of-work,” meaning that individual users competitively contribute computing power to validate blocks and transactions. They also earn ETH in the process.
Though Bitcoin originally introduced mining, it is increasingly hard to profit from Bitcoin mining. As a result, Ethereum mining has become a compelling alternative for crypto users, especially for mainstream computer components.
Before getting started, it’s important to consider costs, profits, and requirements.
Ethereum’s Mining Algorithm Ethereum currently uses a mining algorithm called Ethash.
For practical purposes, this simply means that Ethereum is moderately ASIC-resistant. ASICs built specifically for Ethereum mining will not perform much better than high-end, general purpose GPUs. This also means that ASICs built for Bitcoin mining will not mine Ethereum efficiently.
Ethereum’s mining algorithm may change in the future. Developers are debating whether to introduce ProgPOW, which could give Ethereum ASICs less of an advantage over GPUs. Whether you plan to mine with a GPU or an ASIC, you’ll need to purchase a device before you start.
Device Profitability Efficient mining devices have a high hashrate (MH/s), meaning that they will solve calculations quickly and earn more ETH. Energy efficiency (W) is also important, as power bills cut into profits.
Several high performance GPUs are commonly used right now:
GTX TitanV 8, 656 MH/s, 2150W, selling at ~$3000 RTX 2080 8, 552 MH/s, 2430W, selling at ~$800 GTX 1080Ti 8, 440 MH/s, 2150W, selling at ~$1000 RTX 2080 Nvidia GPU There are also a few high-performance Ethereum ASICs on the market, including:
Innosilicon A10 Ethmaster, 485 MH/s, 850W, ~$5650.00 Innosilicon A10 Ethmaster, 365 MH/s, 650W, price unknown Bitmain Antminer E3, 180MH/s, 760W, ~$1260, may become obsolete in Oct. 2020 A10 ETH miner by Innosilicon Upcoming ASIC models include:
Zhejiang Microcomputer V10, 2200 MH/s, 1500W, price unknown Linzhi, 1400 MH/s, 1000W, price unknown The top-performing devices yield daily revenue of $5.00 to $9.00 as of April 2020. Taking into account energy costs, profits for the same devices yield net profits between $3.00 to $6.00.
Profits and revenue are subject to change based on fluctuating ETH prices and personal electricity costs. Up-to-date information can be calculated on sites like F2Pool, CryptoCompare, or WhatToMine.com.
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Upfront Costs Though higher hashrates offer greater revenue, it is important to consider upfront costs, depreciation, and electricity efficiency. It may take years to recover the initial “price tag” cost of any device, whether it is a GPU or an ASIC.
Unfortunately, ASICs can become obsolete quickly. If developers decide to change Ethereum’s mining protocol, an ASIC may even become useless. Even if developers do not make a deliberate change, ASIC manufacturers may have trouble providing up-to-date firmware, as seen with Bitmain’s Antminer E3.
Unlike ASICs, GPUs can always be resold, because they are useful for gaming and system performance in general. Constant mining can cause GPUs to wear out without proper maintenance and cooling, which can greatly reduce their resale value—but they are usually easier to resell than ASICs since they can be put to other uses outside of mining.
It is also possible to mine Ethereum with low-end, past-generation, or integrated GPUs. However, the profit margin may be very small, and electricity costs may cause you to lose money overall. As such, it’s important to know your cost of electricity before getting started.
Gradual Changes Ethereum’s mining protocol and network is changing gradually, and those changes affect profits. On a positive note, Ethereum’s total hashrate has declined since November 2018, meaning that Ethereum mining is less competitive in a relative sense.
However, mining rewards have also fallen. In February 2019, Ethereum’s Constantinople hard fork reduced block rewards from 3 ETH to 2 ETH, making mining less profitable in absolute terms. It’s likely to continue to decrease.
Similarly, a “difficulty bomb,” which will make it harder to mine each block, may be set off soon, though it has been delayed in several recent updates including January 2020’s Muir Glacier upgrade.
These two changes are meant to discourage mining and make way for staking. Ethereum 2.0 will introduce staking, but it has been delayed continually and will not replace mining entirely at first—meaning that Ethereum mining should remain viable for quite some time.
Pool Mining “Solo mining” is unlikely to discover a block, meaning that individual miners must join a pool. Mining by yourself may mean waiting months, or even years, before getting a payout.
As part of a mining pool, you will share profits with other miners and pay fees. Though this will reduce your rewards slightly, usually amounting to 0.2-2%, you will also earn rewards on a much more regular basis.
The largest pools include Sparkpool, Ethermine, F2pool, and Nanopool:
Via Etherchain.org Each pool has slightly different fees, payout models, and payment thresholds. Typically, fees are around 1%, and you will need to earn roughly 0.1 ETH before cashing out. However, even with these restrictions it’s usually worth it to have more consistent earnings.
You’ll also need to install mining software and configure it according to your mining pool’s instructions. Ethminer, CGMiner, Claymore, Geth, and Phoenix Miner are all popular and freely available. Be sure to download from an official or reputable website to avoid phishing scams.
Cloud Mining Ethereum Instead of buying your own ASIC or GPU, it’s also possible to rent Ethereum hashpower from a remote provider. NiceHash, Genesis Mining, Minergate, CCG Mining, and IQ Mining all provide this service.
Cloud mining has some appeal: you don’t need to maintain or set up your hardware, pay electricity costs, or consider how many hours per day you will spend mining. You simply need to buy a contract.
Unfortunately, cloud mining services are not as transparent or accountable as mining pools. You will need to pay up front—which is a risk, as cloud services may go out of business or improperly manage their funds. NiceHash, for example, recently declared that it is unable to repay victims of an attack.
Though there are many vocal critics of cloud mining services, they remain fairly popular. However, in general, it’s near-impossible to earn consistent profits through cloud mining. The only way to earn money through mining is by maintaining an efficient machine with affordable hardware and a low cost of electricity.
Altcoin Mining Ethereum is not the only Ethash-based coin. It is also possible to mine Ethereum Classic, QuarkChain, Ellaism, Expanse, EtherGem, Ubiq, Ether-1, Dubaicoin, Callisto, EtherSocial, and Metaverse. These altcoins provide the opportunity for even larger profits.
Though it is possible to mine the most profitable Ethash coin at any given moment, Ethereum is generally the most profitable option. Fortunately, you are not limited to Ethash-based coins. Dual miners like Claymore allow you to mine Ethereum alongside non-Ethash coins like Decred or Siacoin. This can increase profitability.
Predicting which altcoins will rise in price is another strategy. However, this is extremely difficult, and if it were possible, it may be more efficient simply to buy those counts when prices are low. Nevertheless, mining altcoins is a good way to build a position in altcoins without having to buy them from sometimes dubious cryptocurrency exchanges.
In Summary Ethereum mining is a viable option, especially when compared to Bitcoin mining. Advantages include:
Reasonably high profits GPU mining support, at least for high-end GPUs Several coins to mine and dual mining support Plenty of mining pools to choose from There are also some negative qualities:
High upfront costs for GPU and ASIC devices Uncertainty around the future of ASIC miners Rising difficulty and falling block rewards Staking may replace mining in the next few years In all, mining is a great way to better understand cryptocurrency and gain valuable technical know-how. If done correctly, it’s possible to earn consistent profits while building a portfolio of cryptocurrency holdings.
Disclosure: This article was edited by Mike Dalton. For more information on how we create and review content, see our Editorial Policy.
PANews, June 18 – According to an official announcement, following a recent review, Binance will add the Monitoring Tag to the following tokens on June 18, 2026: Act I : The AI Prophecy (ACT), Blur (BLUR), PIVX (PIVX), and QuarkChain (QKC). Tokens with the Monitoring Tag may exhibit higher volatility and risks compared to other listed tokens. Binance will closely monitor and continuously review them. Trading these tokens with the Monitoring Tag carries risks, as they may no longer meet listing criteria and could be subject to delisting.
South Korea's KOSPI index climbs back above the 9,000 mark, up 6.25% on the day.
According to Bitget data, South Korea’s KOSPI index has returned to the 9,000 level, gaining 6.25% on the day.
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Silver plunged 6% intraday, breaching the defense of long positions, as a smart money entity reaped $2.16 million in shorting profits.
According to Hyperinsight’s monitoring, the Silver (SILVER) contract on Hyperliquid is currently priced at $56.78, down 6.34% over 24 hours, with a trading volume of $263 million, ranking first in the precious metals sector. Driven by gold prices falling below $4,000 and safe-haven funds flowing back into chip stocks, short sellers have reaped significant profits. Notably, smart money address 0x49e has been shorting Silver on 3x leverage since April 29 at a high of $78.79, holding a position worth $5.77 million, and has already booked a precise profit of $2.16 million (+81%). On-chain Silver whales are overall bearish: the nominal position size of short sellers is approximately 1.5 times that of long positions. The average entry price for short positions is around $65.05, and the current price is 12.7% lower than this level. Long positions are overall trapped, with an average entry price of about $59.75, roughly 5% above the current price. Current short sellers have sufficient safety margins: the nearest short liquidation line stands at $77.18, some 36% above the current price, meaning short sellers face almost no liquidation pressure. Address: 0xe9ffe7698f46f96f980f2877e18c43f5b4165903-HyperInsight Bot is now live. Add @HyperInsightBot to your TG group and set it as an admin (enable message sending permission) to automatically sync on-chain updates.
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China's Supreme People's Procuratorate announced a major drug-related money laundering case: Li Moubo laundered over 48 million yuan via virtual currency and was sentenced to death after combined punishment for multiple crimes.
On June 25, China’s Supreme People’s Procuratorate (SPP) held a press conference. Miao Shengming, SPP’s deputy procurator-general, stated that procuratorial organs are thoroughly investigating both self-money laundering and third-party money laundering crimes, and vigorously promoting the recovery of drug-related assets to ensure full coverage in the investigation and punishment of drug-related money laundering offenses. From January 2025 to May 2026, procuratorial bodies nationwide prosecuted more than 1,200 individuals for drug-related money laundering crimes. A notable example is the major cross-border case of drug smuggling, trafficking, transportation and money laundering involving Li Moubo and others, which was supervised by the SPP and handled by Chongqing’s procuratorial organs. Li laundered over 48 million yuan via virtual currency and was sentenced to death after receiving combined punishment for multiple crimes in accordance with the law. (Xinhua News Agency)
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Quarterly crypto options expiry will take place tomorrow, with $11.32 billion in BTC and ETH options set to settle.
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A crypto whale liquidated all 27,585 ETH after lying dormant for 7 years, booking a profit of $39.1 million.
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Multiple investment banks raise Micron Technology’s price targets, with JPMorgan Chase lifting its target from $550 to $1,540.
Due to Micron Technology (MU)'s financial results and market expectations, multiple investment banks have raised the chipmaker's price targets. JPMorgan Chase lifted Micron's price target from $550 to $1,540; D.A. Davidson raised its target from $1,500 to $2,000; and H.C. Wainwright hiked its target from $1,750 to $2,000.
It’s no secret that the decentralized oracle network Chainlink (LINK) has been one of the best performing digital assets of 2019, despite crypto winter and the absence of an altcoin rally.
And a large part of that success may be down to one word: partnership.
The ultimate irony? It may have been a mistake.
The word is over-used in blockchain circles. And a Chainlink representative was quick to contact Crypto Briefing when we reported ‘partnerships’ with companies such as IoTeX and Matic (even when one of the companies used the term itself) to request that we change the term to the more accurate ‘integration’.
In fact, the Google ‘partnership‘ reported by CoinDesk referenced a post by Google that never used the word ‘partnership’ at all.
CoinDesk never updated that headline, despite updating the article itself on September 11th, 2019.
John Biggs opened his article by claiming that “Google has tapped a startup token project, Chainlink, as an official Cloud Partner and the relationship suggests a deep and detailed interest in blockchain technology by the Mountain View giant.”
And CoinDesk wasn’t even the first: Forbes pre-dated their article, suggesting on June 13th that “Google software will be able to integrate data from sources outside the blockchain through a partnership with Chainlink…” (Emphasis ours.)
Chainlink themselves did not advertise the Google integration as a partnership either – founder Sergei Nazarov called it an ‘implementation’, and the Google Cloud Partners Twitter account did not mention it.
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Chainlink has been clear on the matter: on their website, they explain that “We work with top companies like Google…, providing them the secure oracles needed for next generation smart contracts.”
We contacted Chainlink and they neither confirmed nor denied that the company was an official Cloud Partner. Multiple searches for ‘blockchain’, ‘oracle’, ‘chainlink’ and so on did not return a result on the Google Cloud Partner Directory (which, incidentally, does not appear to work on Brave).
Yet those headlines made a big impression. On June 13th, the day before CoinDesk’s article, Chainlink’s market capitalization was at ~$400M. By June 29th, it stood at over $1.54bn.
We don’t know precisely how Forbes and CoinDesk found the Google blog post. Or whether it was sent to them with the word ‘partnership’ included or not.
But setting aside the discussion over whether the CoinDesk headline and Forbes characterization was incorrect (and if it was, the purpose of this article is not to assign blame – as previously noted, we have made the same mistake), the multiple integrations announced this year by Chainlink and other companies have clearly had a major impact on its price.
Chainlink Integrations And Price Action Chainlink has inked more than seventy integrations since it launched in late 2017. Although initially these had a limited impact on the LINK token price, the market’s reaction has grown in step with the rise in the project’s profile.
LINK has climbed steadily, moving from 38th to 15th largest cryptocurrency by market cap, since the beginning of the year. Even though the coin has been pared back from its ATH in late June, if an investor bought a dollar’s worth of LINK tokens on January 1st, they would still be worth more than $9 today, as a longer-term overview from CoinMarketCap illustrates.
Tokens have surged 800% since the beginning of the year. Source: CoinMarketCap. By Crypto Briefing’s calculations, each new integration/partnership has led to a 10% increase in the LINK price, on average. That figure falls to 7.7% if you exclude that crucial Google announcement.
The news in mid-June that BigQuery – Google’s search engine’s data warehousing and business intelligence solution – was “integrating Chainlink into their approach to smart contract adoption” sent the LINK token price skyrocketing.
In the space of six hours, the LINK price soared by more than 70% and the market cap surged by $300M. Analysis from TheTIE shows this had a significant effect on long-term sentiment – turning an already bullish market to very bullish in the space of a few weeks.
Source: TheTIE This clearly had a discernible effect on other announcements in the ensuing weeks. LINK surged by 20% on the IoTeX (IOTX) integration on July 12 and 15% on the Elrond (ERD) July 18 announcement, all of which happened within a month or so of the Google news, causing an above-average 10% surge in the LINK price.
Interestingly, LINK rose just by 4% following the announcement with INT Chain (INT) on July 23 , fell by 1% on the Akropolis (AKRO) integration on July 25, rose slightly by 1% on QuarkChain (QKC) on July 26, and finally dropped 13% on Bytom (BTM) in July 27.
This second grouping of integrations had below-average and even negative effects on the LINK price. As the graph below shows, it coincided with a precipitous drop in tweet volumes and 30-day average daily sentiment: the first instance of a move into the ‘bearish’ camp since the Google BigQuery announcement.
Source: TheTIE What this shows is that significant announcements – the sort of development that creates surging prices and a volte-face in sentiment – can have a longer-term influence on other positive news.
Like a new version of the ‘Coinbase Effect’, which could exert a strong influence on trading behavior, integrations a month after BigQuery led to higher average increases in the LINK prices, something that quickly subsided as sentiment began to pare back.
That might explain why integrations at the end of July received below-average price increases.
Cryptocurrencies are driven by sentiment much more than any other asset-class.
Using Chainlink announcements as an example, traders can see just how long sentiment’s reach really is, and how much it can be driven by one headline.
Even if the headline that drives the sentiment may not be entirely accurate.
Jon Rice contributed additional research and analysis to this article.
Disclosure: This article was edited by Paddy Baker. For more information on how we create and review content, see our Editorial Policy.
Binance, a leading crypto exchange, has informed the delisting of spot trading pairs for several tokens, sparking speculations. The tokens are Fusionist (ACE), AC Milan Fan Token (ACM), Book of Meme (BOME), Dymension (DYM), Metal DAO (MTL), Pixels (PIXEL), QuarkChain (QKC), Radworks (RAD), and Renzo (REZ). Among these, QuarkChain (QKC) saw the steepest decline, dropping 12%. This move reflects Binance’s commitment to ensuring market quality, sparking varied reactions across the market.
Binance Announces Delisting Of BOME, ACE, & Others Binance announced on December 24 that it would remove 11 trading pairs. The affected trading pairs include ACE/BTC, ACM/TRY, BOME/BTC, DYM/BTC, MTL/TRY, PIXEL/BNB, PIXEL/FDUSD, QKC/BTC, RAD/BTC, REZ/FDUSD, and TUSD/TRY.
The exchange said that the base and quote assets of these tokens will still be available for trading through other spot pairs. Additionally, the top crypto exchange said that it would terminate its Spot Trading Bots for these pairs on the same date.
Meanwhile, the delisting will take effect at 03:00 (UTC) on December 27. Users should cancel or update their Spot Trading Bots to avoid potential losses. The exchange reiterated that delisting specific trading pairs does not affect the availability of the underlying tokens on its platform.
Will The Crypto Prices Dip Ahead? The Binance delisting announcement has sparked varied market reactions across the 10 affected tokens. Fusionist (ACE) price saw a modest 4% increase, trading at $2.157, with a 24-hour low of $2.015 and a high of $2.218. Similarly, AC Milan Fan Token (ACM) price climbed 4% to $1.634, with lows and highs of $1.566 and $1.645, respectively.
Book of Meme (BOME) price gained approximately 5%, trading at $0.0065, supported by a $450M market cap. Dymension (DYM) price experienced a 6% rise, trading at $1.50, with its 24-hour low and high recorded at $1.40 and $1.542. Metal DAO (MTL) price mirrored the positive trend, climbing 6% to $1.20, driven by a $94M market cap.
Pixels (PIXEL) price saw a 4.6% uptick, reaching $0.16. However, not all tokens benefited, as QuarkChain (QKC) price suffered a steep 12% decline, trading at $0.0112. Minor gains were recorded for Radworks (RAD) at $1.256 and Renzo (REZ) at $0.036, each with a modest 2% increase.
Historically, Binance delistings have had severe impacts on token performance. For instance, Heroes of Mavia (MAVIA) price fell by 28%, OMG Network (OMG) price dropped by 15%, and BarnBridge (BOND) price plummeted by 80% within a month of being delisted. These cases demonstrate how delistings often lead to panic selling, reduced liquidity, and long-term price declines, causing significant concerns for investors in affected tokens.
