Vitalik Buterin Suggested Raising Staking Reward on Ethereum
The founder of Ethereum proposed on Github to raise the reward for staking on Ethereum. Staking is a part of the Proof-of-Stake (PoS) concept. An alternative to the standard transaction validation process Proof-of-Work. In PoS the so-called stakers receive a reward for depositing Ethereum, the stake. A staker participates in a random selection process that chooses one out of all stakers to conduct the validation process. The goal of the proposal is to make staking more attractive than before. However, a higher reward means a higher inflation rate for Ethereum. So far, the Ethereum community is welcoming the proposal.
Observation: Cryptos Are Becoming Digital Representations Of Real Estate Assets
The real estate industry is one of the most valuable sectors of the global economy. Most properties are expensively valued starting from a small-sized family home to a super tall multi-story mixed-use suburban development. An observation is being made by Carmen Benitez, the managing director and president of Fetch Plus, Inc-a global tech company that specializes in digitizing transactions and assets-that a digital revolution in the real estate industry is underway.
Blockchain Research Institute: China Could Tokenize Renminbi
The executive chairman of the Blockchain Research Institute, David Tapscott, has found out that the national fiat currency of China-Renminbi, could soon become a Cryptocurrency. He reveals the closely-guarded after meeting with the vice president of China who is positive that Cryptocurrency technology has a vital role to play in securing China’s future. This is according to China’s President Xi Jinping himself, who wants to make Cryptocurrencies to be at the center of China’s feature.
Japan Finance Regulator FSA Raid Fisco and Huobi Cryptocurrency Exchanges
Japan finance regulator FSA is keen on regulating the cryptocurrency exchanges operating in the country. The main objective of the regulator is to protect traders and investors in the country from exploitation. Reportedly, the financial regulator raided two renowned cryptocurrency exchanges. Namely, Fisco and Huobi last week.