Welcome to the latest Openware Crypto Digest! Let’s go over some of the most influential news of the last week in the crypto and blockchain industry.
As Openware merges with Yellow to develop Yellow Network, the Openware Crypto Digest will transform into the Yellow Crypto Digest on the Yellow Blog. We can’t wait to update you on all the exciting crypto news in 2022!
May your crypto portfolios rise and shine in the upcoming 2022, and we at Openware and Yellow wish you a Merry Christmas and an exciting New Year 🎄
- Yellow Merges with Openware to Develop a Worldwide Liquidity Network.
- Vitalik Buterin Presented the Endgame Roadmap for ETH 2.0.
- Miami Jury Hits Bitcoin “Inventor” With $100 Million Liability, but He Gets to Keep $50 Billion in Crypto.
- Kickstarter Is Planning a Huge Blockchain Move of Its Crowdfunding Platform in 2022.
- Google Trends Released the 2021 Hot Search List, Where Dogecoin and Ethereum Ranked High.
- WhatsApp Launched a Cryptocurrency Payments Pilot in the United States.
Yellow Merges with Openware to Develop a Worldwide Liquidity Network
Two U.S. Blockchain companies, Yellow and Openware, join forces to develop a worldwide financial exchange network designed for the Web 3.0 Internet of Finance scale powered by state-channel technology.
Yellow powered by Openware combined over 120 employees across six continents to develop the Yellow Network — a globally distributed liquidity network for cryptocurrency exchanges and institutions scaling to billions of transactions.
The Yellow Network ecosystem will feature a native YELLOW token to facilitate network trading fees, govern project development, and incentivize community rewards on the upcoming Yellow Finance crypto media portal. According to sources at Yellow, the YELLOW token pre-sales start mid-January 2022, with a public token sale round fueling Yellow Foundation planned for May 2022.
Vitalik Buterin Presented the Endgame Roadmap for ETH 2.0
On December 6, 2021, Vitalik Buterin presented the “Endgame” roadmap for ETH 2.0.
This roadmap represents his future vision, where the largest smart-contract platform can increase its scalability while also meeting high standards for remaining trustless and censorship-resistant.
Note that this is a plausible roadmap and lists out four things that can be done to improve efficiency.
The first is to add a second tier of staking, which would require lower resource requirements to carry out distributed block validations. This way, transactions are split into buckets of 100, with a Merkle or Verkle tree state root following each bucket, where a second-tier stakeholder could get assigned a random bucket each time.
The second is the introduction of ZK-SNARKs, which will allow users to check block validity for a cheap fee.
The third is the introduction of data availability sampling, which allows users to check block availability. It will employ DAS checks to enable light clients to verify a published block through a few randomly selected pieces that get downloaded.
The fourth and last change is the addition of secondary transaction channels, which will help to prevent censorship on the blockchain.
Miami Jury Hits Alleged Bitcoin Inventor With $100 Million Liability, but He Gets to Keep $50 Billion in Crypto
A Miami Federal Court jury decided that a self-described Australian inventor of Bitcoin owed the estate of the deceased Palm Beach County resident and computer forensics expert David Kleiman millions in compensation for the men’s business partnership between 2011 and 2013.
That said, the jury did not award Kleiman’s estate any of the original 1.1 million BTC tokens worth $50 billion based on the value of Bitcoin last Monday.
Additionally, the panel did not decide if Craig S. Wright is, in fact, the actual creator behind the Bitcoin blockchain.
Based on the jury’s verdict, Kleiman’s estate should be entitled to at least $33.3 million.
This property represents a third of the $100 million worth of intellectual property rights, which the jury awarded to the entity David Kleiman and Wright formed.
Kickstarter Is Planning a Huge Blockchain Move of Its Crowdfunding Platform in 2022
Kickstarter has announced plans towards shifting the popular crowdfunding platform, which was used by several tabletop creators, to the blockchain. This decision became controversial very quickly.
In a post published on December 9, titled “The Future of Crowdfunding Creative Projects,” the Kickstarter founder Perry Chen and CEO Aziz Hasan announced that Kickstarter aims to develop an open-source protocol built on a public blockchain.
The new crypto framework will be created through a new independent company. Kickstarter is expecting to move its website on the blockchain at some point throughout 2022.
That said, the public announcement from Kickstarter ended up stirring some harsh criticism from creators, artists, and users of the platform throughout their social media channels. This trend will undeniably result in some disagreeing users leaving Kickstarter and moving to other projects. However, it can also attract a flood of new Kickstarter users who enjoy crowdfunding projects with crypto.
Google Trends Released the 2021 Hot Search List, Where Dogecoin and Ethereum Rank in Top
Google Trends released the 2021 hot search list, and in the hot search news section, we can see “Dogecoin” on the fourth spot and “Ethereum Price” on the tenth spot.
Google releases their annual list of the Top Searches of the Year, where they break things down into several categories, including News, People, Games, Movies, and so on.
WhatsApp Launched a Cryptocurrency Payments Pilot in the United States
WhatsApp launched a new pilot that lets a “limited number” of people located within the United States send and receive money directly through a chat using cryptocurrencies.
This feature is powered through Novi, Meta’s digital wallet that launched as a pilot six weeks prior, with payments made through Pax Dollars (USDP).
USDP is a stablecoin pegged to the US dollar issued by Paxos.
This news was announced through Novi’s incoming head Stephane Kasriel and WhatsApp’s Will Cathcart.
Sending a payment works similarly to sending any other attachment in WhatsApp. You can access the feature through the paper clip icon on Android or the + icon on iOS. You need to select “Payment” from the menu that will appear.
According to Novi’s site, there are currently no fees for sending or receiving money and no limits on how often payments can be sent with no fees to keep a balance in your Novi account or withdraw it to your bank accounts. All payments are instantly transferred.
NFA Disclaimer
Please note that we do not provide financial, investment, or trading advice. Investing in cryptocurrencies or tokens is highly speculative, and the market is extremely volatile and largely unregulated. Anyone considering crypto investment activities should be prepared to lose their entire investment. Invest at your own risk!
Thank You for Reading
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