Bankless ROLLUP: 4th Week of April (Venmo Crypto, Canada ETH ETF, Dogecoin & Safemoon, Ampleforth Airdrop)
Apr 23, 2021
Dive into the dynamic world of cryptocurrency as recent market shifts spotlight Ethereum's ascent over Bitcoin. Discover Venmo's bold move into crypto trading, expanding access for millions. Unpack the promising potential of Ethereum staking returns post-EIP 1559 and the implications of Canada's new crypto ETFs. Explore the triumphs and challenges of NFTs and decentralized finance, while addressing the issues of gas fees and regulatory changes affecting the industry. This week is packed with insights that every crypto enthusiast won't want to miss!
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Episode notes
Gas Consumption and ETH Burning
- Higher gas consumption, even with increased block size, leads to more ETH burned under EIP-1559.
- This makes Ether deflationary and potentially increases its value over time.
Research Before Investing
- Research crypto assets thoroughly before investing, don't rely on short videos.
- Focus on understanding Bitcoin and Ether first before exploring other assets.
Binance Smart Chain's Short-Term Game
- Binance Smart Chain's rapid growth and large block sizes lead to centralization and potential instability.
- This unsustainable model prioritizes short-term gains over long-term decentralization.