Metacartel Ventures partner: Ethereum 2.0 or create the biggest social economic transformation

According to CryptoSlate, Metacartel Ventures partner Adam Cochran said on Twitter that the Ethereum 2.0 upgrade will almost certainly limit the supply of ETH, while increasing demand, leading to Price increased. Cochran paid special attention to two factors: 1. The supply inflation rate of ETH will be reduced by more than 50%: According to Vitalik Buterin (V God), the introduction of Ethereum 2.0 will replace the current PoW (mining) model used in blockchain, which will significantly reduce the supply inflation of ETH The rate is over 50%. 2. The basic demand of ETH will increase: As the Ethereum 2.0 blockchain is faster and more adaptable, Cochran expects that the gas demand of ETH will increase: “With the release of Ethereum 2.0, we will see a significant increase in ETH transactions, so its Business and consumer viability will also increase. Gas jams, high transaction costs, and long waiting times in DApps will disappear, even in a busy market. ” Cochran therefore concluded that Ethereum 2.0 is likely to create “the biggest economic transformation in society”.

Reddit “community points” will first run on the Rinkeby testnet and then migrate to Ethereum

Reddit confirmed that later this year, its token rewards will be migrated to the Ethereum blockchain. On May 13, Reddit officially announced the community points system, announcing that the feature will be launched in the “limited community” within two days. However, the reward system will not run on the test network until the fall of 2020 at the earliest. The system will not migrate to Ethereum’s mainnet until the beta test is over. The system will be first beta tested on the Rinkeby testnet, but after the migration is completed, a set of Ethereum-based smart contracts will perform transmission, distribution, and other operations that support the reward protocol, and points accumulated during this period will also be carried forward.

ETH holders are accumulating a lot in order to make more profits

According to AMBCrypto, data from crypto analysis company Santiment shows that when most altcoins on the market seem to be selling, ETH holders Accumulate. As of press time, Ethereum’s revenue so far this year has exceeded 63%, and ETH holders are now expected to make more profits, as evidenced by the market’s rising accumulation model. In addition, the accumulation trend of Ethereum has peaked. As of May 3, more than 16% of the ETH supply has not moved in 3-5 years. This period value rose sharply in the next 48 hours, and on May 5, the value soared to 271.1%. During the same period, the number of Ethereum held by crypto exchanges such as Binance, Bitfinex, BitMEX, Bitstamp, Bittrex, Gemini, Huobi, Kraken and Poloniex also increased significantly.

Ethereum may become an unlicensed platform for central bank digital currency CBDC

Chain news, Ethereum co-founder V God (Vitalik Buterin) said in an interview with The Defiant that Ethereum may become the central bank digital currency CBDC Unlicensed platform. V God also said that in a world that has lost trust in its own currency and Ethereum can make up for loopholes, Ethereum has the potential to become a global reserve currency. For DeFi applications, V God said that using tokens as a governance tool is a “wrong idea”. At the same time, when communicating with each other in the Ethereum 2.0 shard, the Ethereum DApp will inevitably lose some composability. In addition, Ethereum 2.0 Phase 0 will be launched “within a few months”.