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"Good user experience is not about the average case, it is about the worst case," wrote the Ethereum co-founder. In a new blog post published on Feb. 28, Ethereum (ETH) co-founder Vitalik Buterin documented the continued need to improve the namesake network to better facilitate ETH as a means of payment. In one instance, Buterin shared how he tried to pay for tea for himself and friends at a coffee shop in Argentina in 2021, but had to pay 0.01 ETH (around $40 at the time) as that was the minimum deposit for the owner's exchange account. "I did not mind the 3x overpayment and treated it as a tip," the co-founder wrote.  In another instance, Buterin explained how how he tried to pay for tea at another location in 2022, but two separate transactions failed due to requiring "extra gas to process the transfer" and a UI glitch in his mobile wallet. Furthermore, Buterin also raised the issue of unpredictable transaction times, writing: "Many times, t

Solana Labs founder and CEO Anatoly Yakovenko said claims that Solana's network outages were caused by on-chain voting were born out of "pure ignorance." Anatoly Yakovenko, the founder and CEO of Solana Labs has downplayed claims that Solana's network outages were being caused by a high volume of validator messages and its on-chain voting system clogging its consensus layer. While the Solana Foundation confirmed in a Feb. 27 post that the “root cause” of the recent 20-hour network outage is still not clear, the CEO responded to speculation that Solana’s decision to include on-chain votes as transactions is a “massive design flaw” that has led to its many outages. The controversial thread in question was posted by Twitter user DBCryptoX earlier on Feb. 27 days after Solana's 20-hour network outage, suggesting that the high volume of validator messages and on-chain votes were clogging the network. 1/Yesterday # Solana had another 20 hour outage Just one of about a

Some companies in Venezuela are using the stablecoin tether as a way of sidestepping sanctions and settling payments with foreign customers and providers. Local reports indicate that, while the most popular use case for the stablecoin involves its purchase for devaluation shielding purposes, a handful of companies are also harnessing it in this way. Companies Are Reportedly Using USDT to Avoid Being Hurt by Sanctions in Venezuela While the use of dollar-pegged stablecoins, like Tether’s USDT, in countries like Venezuela is mainly related to inflation and devaluation according to Chainalysis, a second use case has also been discovered recently. Reports from local analysts state that a handful of companies are using USDT as a payment method for foreign customers and providers, which are afraid of using traditional payment means due to the risk of receiving sanctions. According to Juan Blanco, director of local consulting firm Bitdata consultants, many unidentified companies are settli

Join Our Telegram channel to stay up to date on breaking news coverage The metaverse revenue will cross half a trillion by 2030, and Fight Out is here with its innovative platform to penetrate this thriving market. Investors can profit from the project by investing in its presale, and here’s everything you need to know to get started. Fitness & Health Industry To Be Valued Half a Trillion By 2030 The health and fitness industry is expected to be valued at $400 by 2030. Apart from the immense appeal for the industry, it will need key players to make this possible. Metaverse could be the solution that enables an entire industry to operate in one place, creating an immersive and interactive experience for web3 users. Metaverse isn’t just limited to gaming or entertainment but can also be integrated into fitness to make it more fun. That’s not it, though. Companies are progressively trying to bring e-commerce to the metaverse to enable rapid growth of the industry. E-commerc

Strong inflation data has pulled Bitcoin and select altcoins below their immediate support levels, signaling a few days of corrective action. Bitcoin (BTC) is struggling to stay above $23,000 as the weekend approaches. The selling pressure increased after the personal consumption expenditures excluding food and energy rose 0.6% in January and 4.7% over the year, above market expectations of an increase of 0.5% and 4.4% respectively.  This could trigger fears that the United States Federal Reserve may have to continue its rate hikes to bring inflation under control. Expectations of a rate hike could strengthen the U.S. dollar index further, which is already near a seven-week high, and that may put pressure on the cryptocurrency markets in the near term. Daily cryptocurrency market performance. Source: Coin360 A drop in the cryptocurrency Markets may start a discussion that the rally in January may have been a bull trap. However, the price action in Bitcoin and several altcoins show tha

Tencent, the Chinese software and tech company, has announced its metaverse suite of services designed to target Asian markets. The company revealed that it will revamp its media offering with its new “metaverse-in-a-box” proposal, which aims to facilitate the task of building virtual worlds for third-party companies. Tencent to Focus on Offering Metaverse Tools to Third Parties Tencent, one of the biggest Chinese tech companies, has revealed its hand regarding the future of its metaverse strategy. The company announced that it will focus on offering “metaverse-in-a-box” services to its customers through its cloud division. This move, which comes as a complement to the media services offering that the company launched last year, aims to facilitate the task of developing virtual worlds for Tencent customers. The tools launched by Tencent will reportedly be used to build and design these metaverse spaces by companies in gaming, media, entertainment, and retail, with various purposes i

Join Our Telegram channel to stay up to date on breaking news coverage Cryptocurrency has successfully created a space for itself in the financial world. Despite the hurdles, the industry is here for the long haul. It strives to maintain its popularity and trust by updating and upgrading consistently. Look at our list of today ’ s top crypto gainers and learn about some exciting updates for the year 2023. Floki Inu (FLOKI) Floki Inu or FLOKI is a strong contender in the meme cryptocurrency space. It is rightfully dubbed as the ‘ Dogecoin rival ’ . Floki Inu ’ s creation is based on Elon Mask ’ s pet dog. It was created as a joke but in a short duration, it has garnered substantial popularity due to its projected potential. The project has three guiding principles based on meme, utility, and charity which make Floki Inu stand out better in the meme coin space. Its first principle- ‘meme’ aims to empower common people from genZ, millennials to the older generation irrespectiv

Litecoin snapped a four-day losing streak on Feb. 22, despite cryptocurrency markets mostly trading lower. The token rose for the first time since Saturday’s session, when prices were above $100.00. On the other hand, solana extended recent declines, falling by as much as 7%. Litecoin (LTC) Litecoin (LTC) ended a four-day losing streak on Wednesday, as prices moved away from a recent support zone. LTC/USD rose to an intraday high of $95.36 earlier in today’s session, which comes 24 hours after falling to a low of $92.48. Since hitting a price floor of $91.50 to start the week, litecoin bulls have somewhat resurfaced. LTC/USD – Daily Chart This has also delayed what many expected to be an inevitable downward crossover, between the 10-day (red) moving average, and its 25-day (blue) counterpart. Both trend lines now seem to be heading upwards, and this comes as the relative strength index (RSI) also climbed. The index is now tracking at 50.44, after bulls rejected a breakout of a

Join Our Telegram channel to stay up to date on breaking news coverage ENJ has retraced in the market within 24 hours of trading at $0.5002 . The token rallied above the $0.2 level since January 11, 2023, and traded at $0.5144 on February 7, 2023. Despite the deviation from its all-time high value of $4.85, the token has recorded progress since January 2023. Enjin Coin provides gamers with solutions on the Ethereum blockchain. It has gained popularity since its launch in June 2018. Enjin network gives real-world value to in-game tokens. But what’s the future like for the token since it hasn’t reclaimed its all-time high price yet?  How Enjin Coin Is Preparing For Future Growth Enjin Coin has a thriving community of gamers and crypto enthusiasts committed to its growth. But innovations, upgrades, and partnerships are necessary for any crypto to remain relevant. These improvements and upgrades sometimes influence the price of an asset.  Here are the latest developments on the

Join Our Telegram channel to stay up to date on breaking news coverage MIOTA price was trading at $0.2678 with a bearish bias, 1.54% up in the last 24 hours. The token that powers the IOTA protocol has been rising over the last couple of days posting as much as 12% gains on Monday alone hitting a high of $0.276, levels last seen in November. The recent uptick points to increasing investor confidence in the IOTA protocol as it becomes one of the top-ranked platforms with respect to development activities. It is expected that such positive fundamentals could scale MIOTA’s price higher. IOTA Ranks 5th Largest Protocol On GitHub IOTA, a platform built on distributed ledger technology (DLT), remains one of the highly functional and growth-oriented development protocols for enterprise use. The protocol is deeply rooted in International Association for Trusted Blockchain Applications (INATBA) which is working to bring about thoughtful social impact reforms as concerns blockchain pr