CryptoDaily Briefs

Daily Brief Crypto: The Future of Ethereum: A Deflationary ETH and more

In today’s briefing:

  • The Future of Ethereum: A Deflationary ETH, Sharding, and the Roadmap
  • #37 Exploring the new Cosmos
  • Bitcoin and Gold Correlation Hits Yearly High
  • Sporting Crypto – October 3rd 2022: What does the Metaverse mean for Sports?

The Future of Ethereum: A Deflationary ETH, Sharding, and the Roadmap

By Edward Wu

  • ETH is used for gas payment (transaction cost), part of gas payment is burned. When amount of ETH burned exceeds the amount of new issuance, ETH becomes a deflationary asset.
  • Sharding is the next big update for Ethereum. With sharding, network throughput will increase from current 15 transactions/second to potential 100,000 tps.
  • Long-Term roadmap of Ethereum: Merge (completed), Surge (sharding is expected on 2H 2023), Verge, Purge, and Splurge.

#37 Exploring the new Cosmos

By Carbono Insights

  • On a very fundamental level, blockchains are in the business of selling blockspace.
  • Blockspace can be used to store transaction information or to perform computation through smart contracts hosted on chain.
  • However, as more applications emerge and become more complex, blockspace becomes scarce and insufficient.

Bitcoin and Gold Correlation Hits Yearly High

By Kaiko

  • Price Movements: Crypto markets performed better than traditional assets in Q3 despite a post-Merge September sell off. 
  • Market Liquidity: After Kucoin implemented a series of 5th anniversary contests, trade volume surged to all time highs. Exchanges are getting increasingly creative amid a widespread rout in trade volume. 
  • Derivatives: Luna Classic open interest tripled in September and funding rates turned deeply negative after Interpol issued a red notice for Do Kwon.

Sporting Crypto – October 3rd 2022: What does the Metaverse mean for Sports?

By Sporting Crypto

  • Anything that augments your physical life, to the digital, is in some way or form linked to what currently is, and what will become, ‘The Metaverse’.
  • So a Zoom call or a free world game — whilst they don’t wholly agree with the notion of interoperability or persistence —they still are in essence part of the Metaverse.
  • Now, to give further context, there is the idea of ‘Metaverses’ — aka, Decentraland, Sandbox or any company building their own virtual world.

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