Ethereum Archives - TechResearchs https://techresearchs.com/tag/ethereum/ The future of marketing technology research. Fri, 16 Jun 2023 14:55:08 +0000 en hourly 1 https://wordpress.org/?v=6.2.2 https://techresearchs.com/wp-content/uploads/2023/06/cropped-Techresearchs-Final-01-250px-32x32.png Ethereum Archives - TechResearchs https://techresearchs.com/tag/ethereum/ 32 32 Was The Ethereum Merge Actually A Success? https://techresearchs.com/blockchain/was-the-ethereum-merge-actually-a-success/ https://techresearchs.com/blockchain/was-the-ethereum-merge-actually-a-success/#respond Wed, 14 Jun 2023 23:05:41 +0000 https://techresearchs.com/?p=1123 The second-largest cryptocurrency in the world made history last week when it became the first major cryptocurrency to successfully replace its consensus mechanism. While this is an incredible feat for the Ethereum developers, the excitement surrounding the switch to proof-of-stake quickly died down. Ethereum Can’t Attract New Users: Anything in the current world needs to …

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The second-largest cryptocurrency in the world made history last week when it became the first major cryptocurrency to successfully replace its consensus mechanism. While this is an incredible feat for the Ethereum developers, the excitement surrounding the switch to proof-of-stake quickly died down.

Ethereum Can’t Attract New Users:

Anything in the current world needs to maintain a steady stream of new supporters, believers, and users in order to expand or even exist. It is still too early to say for sure, as we are now experiencing a crypto winter, but Ethereum’s successful merger did not result in any additional people joining its ecosystem.

As shown in the graph above, the integration did not result in a surge of new users joining the blockchain.

What Impact Has the Merge Had on Transaction Throughput?

The average number of transactions handled by Ethereum has essentially remained the same post-merge, as shown by the on-chain data supplied by Coin Metrics, making the scalability argument for PoS a contentious topic at the time.

What About the Costs of Transaction?

The extraordinarily high transaction costs, however, may have been the main barrier to new users joining the Ethereum ecosystem. Many investors thought the combination would ultimately result in a significant fall in gas prices. On Ethereum’s blockchain, gas fees are the fee for carrying out any kind of transaction.

The aforementioned graph does demonstrate that Ethereum gas fees have decreased significantly over the past 12 months. However, the decline in gas prices is associated with the project’s lack of interest, which is most likely connected to the decline in the value of its underlying asset.

Energy Use Reduction in Ethereum 2.0:

The much-anticipated drop in energy usage is the only real achievement of Ethereum 2.0 after the merger. The amount of energy used has reportedly decreased by 95–99%.

The cornerstone of the merger, this reduction will undoubtedly strengthen Ethereum’s long-term success because the world will only intensify its energy conservation regulations, even though it is still unclearif doing so will compromise the ecosystem’s security, resilience to censorship, or have any other potential, as yet undetermined, negative effects. As the globe gets more environmentally conscious, this might also be what convinces more individuals to join.

The energy portion of the merge was the most crucial component, and even if all the other hopes were unfounded, it will continue to be crucial and benefit Ether for many years to come. We have only just started to witness the results of this. For that reason alone, the merger was successful.

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With Its $Topia Token, Metatopia Establishes A New Standard For Blockchain Staking Games And Token Utility https://techresearchs.com/blockchain/with-its-topia-token-metatopia-establishes-a-new-standard-for-blockchain-staking-games-and-token-utility/ https://techresearchs.com/blockchain/with-its-topia-token-metatopia-establishes-a-new-standard-for-blockchain-staking-games-and-token-utility/#respond Sat, 15 Oct 2022 15:26:23 +0000 https://techresearchs.com/?p=1169 $Topia: Who is anticipating MetaTopia’s release tomorrow afternoon? The launch of this initiative with our community and the NFT space excites the entire crew. It will now establish a new standard for the present and next blockchain-staking games! But how will we establish this precedent? The reply is usefulness. Before the launch, our CEO Bill …

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$Topia: Who is anticipating MetaTopia’s release tomorrow afternoon? The launch of this initiative with our community and the NFT space excites the entire crew. It will now establish a new standard for the present and next blockchain-staking games!

But how will we establish this precedent? The reply is usefulness.

Before the launch, our CEO Bill Spata and the team did an AMA on Discord to introduce the many services to our audience.

The following is a list of the five essential components that make up MetaTopia and the $TOPIA token it is tied to:

1. Liquidity Pool for $TOPIA on PYESwap
2. Purchasing in-game items
3. Topia Vault
4. The Peer-to-Peer Exchange $TOP
5. The ability of $TOPIA to stake on PYESwap and earn ETH Cherry

Liquidity Pool for $TOPIA on ETH PYESwap:

First, a liquidity pool (LP) for the $TOPIA token will be available on the ETH PYESwap website. With the help of this LP, we are able to offer a genuine and long-lasting exchanging DEX market for the $TOPIA Token.

Individuals can directly acquire $TOPIA on our website with a 0% Buy Tax. People are free to buy tokens whenever they want if they come across something in the Topia Vault (which we will talk about in a moment), such as a valuable NFT or another asset, and they urgently need $TOPIA.

Purchasing in-game items:

With the $TOPIA tokens they have collected through staking their Alpha and Genesis NFTs or by purchasing $TOPIA from PYESwap, users can buy in-game stuff.

Throughout each season, the MetaTopia team will release unexpected “Legendary Items.” For instance, as many of you are aware, a week or two after tomorrow’s launch, we’ll include the Rat NFTs from the Wastelands.

Direct purchases of these limited-edition products can be made by players using $TOPIA in the Topia Vault. Be cautious though.

Be careful not to spend your $TOPIA on those Rat NFTs too quickly because you never know what the team might drop as a “Legendary Item”!

Topia Vault:

Here, the value exchange reaches its maximum potential. Blockchain staking games or NFTs in general rarely give their owners access to valuable digital assets or physical goods.

A percentage of the high-profile NFT projects swept from the Sweepers Club will be placed in the Topia Vault, an auction marketplace for luxury items.

Limited edition goods, Gucci footwear, a MoonBird, or a Doodle are possible inclusions. Who can predict what will be placed in the Topia Vault?

Therefore, either accumulate some $TOPIA while playing or buy some immediately from ETH PYESwap. Users can use their $TOPIA tokens to purchase additional valuable items and services.

There is no “Buy it Now” option at The Topia Vault because it is an auction house. The starting price for each auction is one $TOPIA, and the duration varies based on the object. Items from the Topia Vault are free of charge, taxes, and premiums.

You, the user, will be required to pay whatever the winning bid is. The Topia Vault then acts as a deflationary mechanism for the prize token by burning the $TOPIA.

TOPIA Exchange in dollars:

A peer-to-peer exchange platform called the $TOPIA Exchange enables owners to sell their $TOPIA to other users without having to pay the going rate on the ETH PYESwap website.

Users have the option of making an offer to buy $TOPIA or using the “Buy it Now” button to get the tokens right away.

Within the Peer-to-Peer Exchange, $TOPIA can be sold in any quantity. A 5% sell tax is collected after each transaction to support the P2P exchange and is saved in the vault for use in later seasons (development & marketing).

However, anyone can exchange their $TOPIA for ETH on the ETH PYESwap website, however each exchange is subject to a 25% sale tax. On the PYESwap website, a vendor can additionally exchange 100 $TOPIA every day per wallet.

The idea is to draw people to MetaTopia’s peer-to-peer trade section so that everyone may benefit from it.

Why list only 100 $TOPIA per day and pay a 25% sell tax when you can list as much as you want on a peer-to-peer exchange and only pay 5% in taxes? TOPIA Exchange in dollars
Peer-to-peer exchange network $TOPIA Exchange enables holders to sell their $TOPIA to other users without having to pay the market price on the ETH PYESwap website.

Users have the option of making an offer to buy $TOPIA or using the “Buy it Now” button to get the tokens right away.

Within the Peer-to-Peer Exchange, $TOPIA can be sold in any quantity. A 5% sell tax is collected after each transaction to support the P2P exchange and is saved in the vault for use in later seasons (development & marketing).

However, anyone can exchange their $TOPIA for ETH on the ETH PYESwap website, however each exchange is subject to a 25% sale tax. On the PYESwap website, a vendor can additionally exchange 100 $TOPIA every day per wallet.

The idea is to draw people to MetaTopia’s peer-to-peer trade section so that everyone may benefit from it.

Why list only 100 $TOPIA per day and pay a 25% sell tax when you can list as much as you want on a peer-to-peer exchange and only pay 5% in taxes? TOPIA Exchange in dollars
A peer-to-peer exchange platform called the $TOPIA Exchange enables owners to sell their $TOPIA to other users without having to pay the going rate on the ETH PYESwap website.

Users have the option of making an offer to buy $TOPIA or using the “Buy it Now” button to get the tokens right away.

Within the Peer-to-Peer Exchange, $TOPIA can be sold in any quantity. A 5% Sell Tax is collected after each transaction to support the P2P exchange, and it goes to the vault’s reserve and is used for future seasons (development & marketing).

However, anyone can exchange their $TOPIA for ETH on the ETH PYESwap website, however each exchange is subject to a 25% sale tax. On the PYESwap website, a vendor can additionally exchange 100 $TOPIA every day per wallet.

The idea is to draw people to MetaTopia’s peer-to-peer trade section so that everyone may benefit from it.

Why list only 100 $TOPIA per day and pay a 25% sell tax when you can list as much as you want on a peer-to-peer exchange and only pay 5% in taxes?

Ability to stake ETH PYESwap in exchange for $CHERRYPYE:

In order to get $CHERRYPYE Tokens, customers can stake their $TOPIA on the ETH PYESwap website. Once more, we want to offer holders of MetaTopia as much utility and advantages as we can. With your extra $TOPIA, you can gain even more benefits and accumulate some $CHERRYPYE.

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