$105,497.00
3.87%$2,429.69
8.02%$2.20
9.46%$641.44
3.13%$145.31
8.59%$0.999876
0.01%$0.271965
2.02%$0.164535
7.65%$2,430.85
8.13%$0.585454
7.43%$105,406.00
3.93%$37.24
5.47%$2,932.45
8.11%$2.82
13.03%$461.86
1.77%$13.19
11.55%$9.15
1.03%$0.24787
7.41%$18.21
6.79%$0.999809
0.00%$2.92
5.92%$48.25
0.37%$0.00001176
9.35%$2,432.17
8.18%$84.96
5.36%$0.152338
10.94%$2,605.59
8.29%$0.999392
-0.15%$317.85
4.91%$1.003
0.28%$3.45
7.70%$4.23
4.34%$105,561.00
4.04%$0.00001007
13.85%$6.97
11.06%$0.535332
6.18%$261.23
13.08%$1.18
0.10%$356.88
15.87%$52.04
1.95%$1.00
0.00%$4.34
9.08%$2.19
15.11%$1.056
0.02%$4.97
8.35%$0.085343
5.74%$176.35
8.86%$16.41
7.08%$0.774957
14.72%$27.82
1.92%$0.997962
-0.26%$0.607775
3.73%$16.46
0.67%$0.07557
14.26%$4.44
-0.23%$9.37
8.14%$0.02168462
10.71%$4.05
8.15%$0.69104
15.43%$0.083196
11.63%$105,184.00
3.85%$3.28
14.96%$0.270849
11.34%$0.181847
4.63%$0.285195
42.23%$0.314435
16.68%$0.94377
14.24%$2.30
9.82%$0.180122
12.12%$0.999942
0.12%$4.39
4.70%$2,423.37
7.64%$0.99982
-0.01%$99.39
9.40%$11.01
2.28%$1.001
0.15%$153.58
8.44%$0.418487
19.81%$0.203265
7.79%$1.19
3.30%$1.26
18.46%$11.78
19.62%$0.0170217
5.73%$2,774.61
8.37%$2,548.49
8.22%$1.68
21.27%$0.00001421
14.57%$1.60
13.71%$0.341868
22.61%$1.044
15.38%$1.001
0.05%$0.998005
-0.24%$0.647578
13.94%$0.555851
12.69%$0.059722
6.03%$0.999983
0.04%$3.17
2.40%$2,592.00
7.52%$2,546.23
7.94%$105,353.00
3.61%$1.11
0.02%$0.873011
24.84%$640.08
2.87%$3,347.14
-1.18%$105,367.00
4.02%$0.083493
12.50%$2,567.67
8.69%$106,289.00
3.31%$3,326.99
-1.22%$0.518907
8.07%$0.584445
10.48%$0.421813
12.99%$162.83
9.03%$2.15
8.56%$0.00007449
15.05%$189.67
8.96%$111.54
0.02%$0.837232
10.34%$2.19
7.30%$0.01420829
26.43%$2,632.31
8.32%$0.685797
13.07%$42.27
10.80%$0.998704
0.09%$0.01015041
0.70%$0.715862
8.27%$0.01415768
11.78%$1.088
-0.60%$0.258024
9.70%$18.93
9.39%$0.00997759
16.76%$0.162849
8.77%$0.23709
9.93%$30.98
5.95%$0.00000062
10.32%$0.997446
-0.00%$105,087.00
3.48%$1.98
3.01%$3.59
8.56%$0.429545
11.57%$0.097729
11.13%$0.5356
8.09%$0.518777
15.27%$2.07
11.48%$105,226.00
3.86%$37.24
5.28%$2,435.12
8.30%$2,435.64
8.36%$0.332979
8.43%$0.525373
6.77%$105,542.00
3.92%$2,592.17
8.10%$0.710534
48.23%$0.264627
9.48%$2,521.70
6.62%$0.625443
9.88%$1.002
0.49%$0.01446774
9.66%$1.38
9.49%$2,434.18
8.30%$1.00
0.03%$0.423496
3.60%$7.78
0.29%$47.80
6.97%$0.060779
-0.15%$0.999898
0.01%$37.20
5.19%$2.36
5.85%$0.04349129
18.46%$0.999835
-0.00%$1.37
16.93%$0.164032
7.46%$0.420962
10.56%$0.160819
9.20%$1.017
2.08%$1.091
0.04%$0.0000004
1.57%$0.00685133
19.80%$0.00431288
25.36%$5.60
9.69%$0.333145
17.68%$1.001
0.13%$0.11647
11.41%$13.71
10.63%$2,433.19
8.31%$0.00001889
7.32%$2,583.38
8.36%$2.28
9.87%$1.001
0.05%$0.494144
10.18%$0.988281
14.14%$0.00000094
23.38%$1.17
14.18%$0.070645
9.90%$0.353845
8.93%$0.355805
5.07%$0.00350318
27.46%$0.00400967
16.48%$1.43
8.93%$0.165179
-1.06%$0.03552894
8.68%$1.19
-0.44%$5.23
6.31%$0.136389
14.71%$2,683.74
8.36%$0.03419357
1.49%$105,361.00
3.88%$106,269.00
4.92%$19.79
2.02%$0.01674256
2.21%$2,659.17
8.14%$1.00
0.02%$0.80346
35.90%$158.33
8.38%$0.999341
0.03%$2,435.00
8.26%$0.998133
-0.30%$0.0314566
5.01%$0.00005588
6.50%$1.12
10.72%$0.306655
16.16%$1.00
0.03%$10.04
2.78%$0.449532
7.82%$0.705681
4.14%$0.04562118
15.55%$0.0034553
7.05%$2,432.22
8.37%$109.72
6.94%$0.062496
12.48%$104,507.00
2.51%$0.00534784
18.19%$0.62019
20.22%$18.20
6.76%$0.603251
8.99%$1.002
0.41%$0.00000133
1.16%$1.67
-1.00%$104,157.00
4.69%$0.182486
4.77%$2,117.89
3.87%$1.20
1.33%$6.34
14.65%$1.016
-0.02%$0.00373589
17.63%$0.182807
8.50%$102,252.00
3.90%$0.999461
0.04%Reading
Every few months, a new project is christened an "Ethereum killer." While the massive network still stands tall, EthereumEthereum has a glaring weakness: It's taking its time getting the network to scale.
The NEAR Protocol is the newest Ethereum killer and it's taking aim at Ethereum's soft spot. A proof-of-stakeproof-of-stake network that uses shardingsharding to tackle blockchain's scalability issues, NEAR launched its network today and subsequently announced it had raised $21.6 million in a funding round that featured Andreessen Horowitz's a16z crypto fund.
On April 30, a16z said it had created a $515 million fund for blockchain and cryptocrypto networks. It was particularly interested in DeFi, payment systems, and alternative monetization models for the Internet. It wasted little time in targeting NEAR, which also received investments from Blockchange, Distributed Global, Electric Capital, Libertus, and Pantera Capital.
NEAR, in a nutshell, is a platform for building a variety of decentralized applications—not just digital currency. According to a press release, "NEAR provides the scale and programmability to allow any data—whether digital currency, karma, gaming items or stock certificates—to become a fully portable, programmable and tradable asset."
The scalability is key. NEAR explicitly aims to avoid network congestion via sharding, which has been part of the plan for Ethereum 2.0 since at least 2016 but has yet to be implemented. The proof-of-work network’s transition to proof of stake is taking a while.
NEAR appears to have beaten Ethereum to the punch, boasting on its website that "the NEAR team has previously built one of the only sharded databases in production at scale today (which is used by Uber, Goldman Sachs, and Comcast)."
But not everyone views NEAR as directly competitive with Ethereum. Spencer Noon, head of crypto investments at DTC Capital, tweeted earlier today that he is an investor in both ETH and NEAR and views the networks as complementary pieces in the crypto ecosystem.
Congratulations to the @NEARProtocol team for their newest round of fundraising! As a $NEAR and $ETH investor though, can't say I agree with @TechCrunch's characterization that launch is a "black eye" for Ethereum. I believe both networks will complement each other in the future. https://t.co/UmK7i5783d
— Spencer Noon (@spencernoon) May 4, 2020
Though the NEAR Protocol mainnetmainnet went live today and has already hit a million blocks (blocks are created quite a bit quicker than on the Bitcoin or Ethereum protocols), it currently has limited functionality. During this proof-of-authority phase, the network is run by just four nodes and a limited number of validators.
Ethereum (ETH) mined its 10 millionth block today, marking a significant milestone for the world’s second largest cryptocurrency. Data from blockchain explorer Etherscan shows the 10 millionth block was successfully mined at exactly 01:22:13 PM (UTC). In contrast, just 628,900 Bitcoin blocks have been mined, since it launched on January 3, 2009. However, Bitcoin blocks take much longer to be produced, around 10 minutes on average. Launched in 2015, Ethereum was envisioned as a decentralized “wo...
NEAR said it will distribute the funding announced today to continue its rollout plans. Subsequent phases will theoretically lead to a community-run network and remove current restrictions on NEAR tokens. The full blockchain could be operational as soon as July, according to NEAR's timeline.
That would be a sweet spot for NEAR to be in. So far, so good.
ECD Automotive Design, Inc. has secured $500 million to acquire and store massive amounts of Bitcoin in a corporate treasury, according to the firm’s statement on Monday—a business strategy that has gained traction among a number of public companies over the past few months. The Florida-based car restoration company, which bills itself as the largest restorator of Land Rovers and Jaguars, signed a $500 million equity facility with ECDA Bitcoin Treasury LLC, according to its press release. An...
Positive legislative and regulatory developments buoyed Coinbase’s stock last week, among other events boding well for the crypto exchange’s long-term growth prospects, investment bank Benchmark, wrote in a Monday note. The company’s share price jumped more than 23% as Coinbase secured a Markets in Crypto Assets, or MiCA, license and a bipartisan slate of U.S. lawmakers passed the GENIUS Act in the Senate, which seeks to establish federal rules for stablecoins, Equity Research Analyst Mark Palme...
Social media personality and crypto investor Anthony Pompliano unveiled a $1 billion merger on Monday to create ProCap Financial, a Bitcoin-native financial services firm that will soon join a growing list of companies stockpiling the asset on the Nasdaq. Pompliano, who began promoting ProCap in April, said on X, formerly Twitter, that he had recently raised $750 million from “leading institutional investors on Wall Street” for the blank-check firm, alongside heavy hitters in the cryptosphere. “...
