The Mainnet launch will allow the system to incentivize underwriters with part of the premiums paid from policy buyers that are connected to the product one has decided to obtain exposure to i.e. staking NSURE tokens in exchange for a share of future earnings sourced from premiums, they are either paid in ETH or stable coins.

Underwriter insurance plays a very important role in the NSURE ecosystem, this is seen in the NSURE whitepaper and many different media outreaches.

The platform has decided to start providing a real time stimulation of risk exposure as an underwriter even before the Mainnet launch. Participants will be able to earn premiums in real time, based on their performance and capabilities of building up a strategy as risk takers. Part of the stimulation aspect would be educating their community and users to familiarize themselves with concepts that retail insurance clients had no access to until now, they plan to pay out NSURE tokens as a means of incentivizing them.

The program will enable users to become exposed to the movement of capital demand and supply as these movements impact the equilibrium price of the stimulation. After this education is given, users are expected to obtain knowledge and get familiar with the Dynamic Pricing Model, and to develop a better strategy of underwriting, competing against other participants for more rewards.

THE REWARD SYSTEM

Only 5,760 tokens will be generated daily and each Ethereum blockchain produced, 1 NSURE token will be distributed proportionally to all tokens staked.

The average annual yield at a 10% staked / circulating supply (5.7m Nsure) ratio is about 371% APY.

Here is a GitHub guide on how to use the Underwriter Program https://docs.nsure.network/nsure-network/nsure-underwriter-program/guidelines

https://nsure.network/#/

Sygnum’s offering of Tezos staking services serves as validation of the network’s security and longevity, and is yet another step on the path towards major institutional and enterprise adoption. We look forward to partnering with Sygnum on more Tezos-based offerings in the future.” Tezos Foundation Head of Enterprise Adoption EMEA David Fuchs said.

Sygnum is the first regulated bank to launch staking for Tezos (XTZ), secure custody, trading, credit and staking service for the coin is now available on the bank platform. Staking can be withdrawn or discontinued at any point in time decided by the user.

The launch of this service has enabled Sygnum to further strengthen it’s multi-custody platform which includes Taurus protect and a strategic partnership with Custodigit , which leverage Metaco. The Sygnum API allows the bank to offer an ever-expanding range of services to banks and other financial institutions. The bank also has dealings with Swiss HSM provider Securosys to custodise it’s DCHF, as well as asset tokens.

“We are strong supporters of Tezos and its unique Liquid Proof-of-Stake governance mechanism, which aligns with our Sygnum values,” says Martin Burgherr, Sygnum Bank’s Chief Clients Officer. “With XTZ staking, our clients can access a unique asset which offers staking rewards and enables them to structure their digital asset portfolios in more creative ways. Tezos is the first Proof-of-Stake (PoS) token on Sygnum Bank’s platform, where we are continually expanding our offering to provide more choice for our clients,” he adds.

About Sygnum

Sygnum is the world’s first digital asset bank, and a digital asset specialist with global reach. With Sygnum Bank AG’s Swiss banking licence, as well as Sygnum Pte Ltd’s capital markets services (CMS) licence in Singapore, Sygnum empowers institutional and private qualified investors, corporates, banks and other financial institutions to invest in the digital asset economy with complete trust. Sygnum operates an independently controlled, scalable and future-proof regulated banking platform. Our interdisciplinary team of banking, investment and Distributed Ledger Technology (DLT) experts is shaping the development of a trusted digital asset ecosystem. The company is founded on Swiss and Singapore heritage, and operates globally. To onboard digitally with Sygnum, please visit www.sygnum.com.

Staking opportunity is now open to individuals who plan on staking, they can now deposit their 32 Ether to the contract through the dedicated launch while getting reading for the official launch. For the launch to occur, the contract must collect16 384 deposits of 32 ETH, that is a total of 524,288 ETH which is $238,551,040 as of the time of writing. All required funds must be collected 7 days prior to the actual launching date, if it is not, then the launch will be delayed to 7 days after the threshold is reached.

The Ethereum community has long awaited this release and have also signaled their interest in supporting the protocol growth and launching in time too without delay. The launch of phase 2 of the Ethereum 2.0 will not directly affect the existing challenges faced by the current Ethereum blockchain. Once the phase 1 and 2, these phases are more likely to occur in the next few years. The launch of the phases of the Ethereum 2.0 would then clearly rinse the provisions blockchain of all its challenges and allow the community to experience the new staking based consensus.

Ethereum /Cryptocurrency price Action

The whole crypto market has been experiencing lots of good movements in profits. The rise in both prices OT Ethereum and Bitcoin has got investors asking if really the bull market has tricked off already. The announcement of PayPal allowing crypto purchase and even having to later extend the limits is one of the signs why this is pumping so well. The Ethereum 2.0 phase 0 launch too is a contributing factor to almost shooting 6th to $500 per Eth in the market. Eth currently sits at $462 according to the world’s best cryptocurrency exchange, Binance.

Darma capital is one of the several companies planning to offer intermediated staking that would let stakers have access to their capital through it’s LiquidStake initiative. This solution will allow both retail and institutional stakers to delegate their capital and to still maintain the control via using their funds as collateral to receive USD coin (USDC) loans.

“With LiquidStake you can have your stake and eat it too,” added Andrew Keys, co-founder of Darma Capital. “And in that regard, [stakers] probably are looking for fiat to maintain their life expenses. So that’s the problem we’re trying to solve.”

LiquidStake’s solution is exceptional to other staking derivative proposals since they do not plan on creating new tokens to represent the bonded Ether (ETH).

“The time window for Phase 1.5 — we can all flip a coin on this — is 18 months, 36 months, somewhere in that realm. So it’s a relatively short time frame with an end date. And so when you start to tokenize assets where you only have a short [life span], the difficulty there becomes what kind of liquidity would be there for that type of token.”

To achieve its aim, LiquidStake is partnering with other staking providers such as Bison Trails, ConsenSys CodeFi and Figment to handle the actual validation process. Open law and Lukka will help with the legal and Tax management proceedings. The company also works through the familiar mechanism of margin calls and liquidation.

Prospective stakers would have to stake through LiquidStake to become eligible for all those benefits attached to the system which includes the lending service.

“We are currently experiencing a service outage for our Ethereum Mainnet API. Our on-call team is investigating and working to restore service functionality,” the Infura status page reads. The issue started today at 08:12 UTC.

Exchanges such as Bithumb and Binance have had to disable Eth and ERC-20 tokens on their platforms because of the service outrage.

CZ added that that are also investigating a possible Ethereum chain split at block 11234873

“Etherscan and Blockchair are showing two different chains and data after this block. We’re resolving now but have temporarily closed withdrawals,” said CZ.

Lead developer at Blockchair, Nikita Zhavoronkov gave an explanation to the chain spilt in a twitter thread. He clearly pointed out that Ethereum developers introduced a change in the code that led to the chain split starting from block 11234873 and since some service providers did not upgrade, they got stuck on a minority Chain.

Technically, that was an unannounced hard fork,” said Zhavoronkov. “Something similar happened to #Bitcoin 7 years ago when there was a database upgrade…Fix: upgrade geth and run debug.setHead(11234872).” Geth is a tool used to run a full Ethereum node on the system.

Infura has pointed out that it has identified the root cause and is fully ready to restore the service functionality back after bringing in more hands to help them.

Affected components include the Ethereum mainnet archive data, Mainnet filters, Mainnet logs, Mainnet Web socket JSON-RPC API and mainnet HTTPS JSON-RPC API. More work is currently going on and so far Infura said that the root cause was traced to several components within its infrastructure, these components were locked to an older version, a stable version of the Go-Ethereum client that encountered ” a critical consensus bug at block 11234873″.

He stated his opinion in a tweet where he also states that Bitcoin is on the verge of a major break out both in the near term and long term. He did however note that he believes that ETH would lead this time.

In another chart, he showed that Ethereum had already broken or ended the multi-year bear market against Bitcoin.

Speaking about owning ETH, he said

I don’t yet own ETH but feeling the need to think about adding some. My primary vehicle remains bitcoin.A rising tide will lift all boats most likely. We’ve been waiting patiently for the breakout for some time. Who knows is if breaks out now  but the clock is ticking…

Pal in April had also said that it’s possible for Bitcoin to be worth $1 million in 3 years time with a possible market cap of $10 trillion.

Ethereum

Ethereum is the second most popular cryptocurrency in the whole crypto space. Recently , ETH has gained some attention because of the announcement of the launch of ETH 2.0 which would come with Staking on the network and also solve the Scalability issue.

The Ethereum Decentralized Finance (DeFi) has also made the protocol more popular. It is reported that ETH addresses generated recently have surpassed Bitcoin.  

Ubisoft 

Ubisoft is known for developing awesome games like Rayman, and even gaming franchises like Assassin creed, Far cry and Just Dance. They also developed CrypotKitties, a collectible game which created Much network congestion that it was able to crash the Ethereum network back in 2017.

Users can purchase these tokens (Rabbids) using their Ethereum, the token exists as an erc-721 non fungible token (NFTs).

Funds

The game itself is designed to easily connect with your wallet such as Meta mask. When a player purchases a Token, funds used to purchase goes directly to United Nations Children Funds (UNICEF), the organization announced in Oct. 2019 that they would be accepting donations in BTC and ETH. The funds gotten from the donations are used to support projects that are beneficial to children and also young people around the globe. 

“Digital finance is going to change pretty significantly how we work as an organization. There was a need to prepare the organization to be able to leverage the kind of emerging technologies in that field to make us more efficient”. Said Sunita Grote, manager of the UNICEF Innovation Fund.

In a tweet he released on 12th June, he said :

So the million-dollar txfees *may* actually be blackmail. 

He further gave his theory of what he believes happened. 

“Hackers captured partial access to exchange key; they can’t withdraw but can send no-effect txs with any gasprice. So they threaten to ‘burn’ all funds via txfees unless compensated.”

Vitalik also added that this could happen to “Scorched earth” games, he said

Similar situations could happen in “scorched earth” games, including scorched-earth vaults aka “Moeser-Eyal-Sirer” vaults @el33th4xor @ittayeyal, as well as scenarios where hackers can slash but not steal staked funds @drakefjustin @dankrad

Others

The 3rd abnormal tx on ethereum with over 2000 ETH fee went [through]. Someone believes it could be a hacker’s blackmail to some exchange,” twitted NEO Co founder Da Hong fei 

Also, Primitive Crypto founding partner Dovey Wan speculated 

PACKSHIELD

Packshield, a China based blockchain analytics company has explained the outrageous fees to be “gas price Ransomware attack”

The research claims that hackers might have gained access to exchange funds but are not able to transfer these funds out to their personal wallets. They can only move these funds within a range of white listed addresses on the database, so they decide to move a small amount of funds with very high fees, probably to clear off the exchanges funds if a ransom isn’t paid to them. 

How they got in

The report believes they started off by using a phishing attacks to gain access to the exchange. They got in but only to find out that the exchange and a multi-signature security setting. This means that for funds to out, it will require more than just one individual or password to do so. They found out sending funds to white listed address on the database was possible since this only required a single authorization to do so, hence the transactions. 

The hackers might continue doing this until the exchange pays a ransom or maybe not…..

They have completed public tests on shielded transactions, deployed testNet and have also implemented instructions for the Zero-knowledge protocol zk-SNARKs.

The TRONZ Foundation adds privacy as an option to open or transparent transactions, they pointed out in their published medium article that TRX transactions will still be transparent and not anonymous in any way even after the upgrade to TRON 4.0. This is because TRON is working on having a safe public chain that complies with global regulations and policies.

HOW TO USE THE SHIELDED PROTOCOL ON TRON

All TRC-20 standards tokens whether issued or not on TRONS blockchain will be supported by the TRON 4.0 Smart contract upgrade.

Developers can adopt the privacy features that come with the new upgraded protocol by simply implementing the Smart contract.

The TRONZ Foundation do not plan on issuing any tokens on this contract, since they have adequate funds and active developers on board. The Foundation however has decided to make the TRONZ Smart Contract Privacy Protocol full open-sourced, they also plan on dedicating sufficient capital to help develop the TRON Community.

TRX vs ETH

Some might argue that there exist a competition between these projects as we have both CEOs have some word fights over the years, one of those was when Trons Dapps were used more than that of Eths.

This has created some bit of division between supporters of these 2 great projects. ETH plans to launch ETH 2.0 which amongst other things will come with ETH 2.0 Staking allowing stakers earn passive income, also Sharding which will deal with the scalability issues on the Ethereum blockchain.

Last month, on the 23rd, Justin had tweeted a poll which had the question of which was better between TRON 4.0 and ETH 2.0. On the poll TRON won although a lot of users believe Justin had bought votes to win it since ETH was leading initially.

OUR TAKE

The crypto-sphere is quite a big one and large enough to contain a lot of promising projects out there. Whether or not ETH or TRON is better will be decided when both protocols are launched, for us we hope all protocols are utilized for what they offer.

The amount of ETH one should own will depend solely on that person’s personal preference and whether or not they plan to stake ETH.

32 ETH Minimum for Staking

To stake ETH, you will be required to maintain a minimum of 32 ETH to run a validator. Staking Ethereum is said to yield rewards of anywhere from 4.5% to 10.5% and these figures will vary depending on the total amount of ETH you’re staking. The more ETH you stake, the smaller the percent reward gets.

This is to level the playing field and allow those with smaller staking balances to yield a worthwhile reward.

Passive Income Earnings

How much ETH you should hold will highly depend on how much passive income you want to earn from staking. Using an ethereum staking calculator, you can determine the average earnings from how much you wish to stake.

If you stake 1000 ETH, you can expect to earn around 80 ETH for the 1st year. While that is less than $20k right now, by the time you receive those rewards, ETH can be much more valuable.

Watch this video to learn more about how much Ethereum you should hold and future ETH price predictions

High Demand, Low Supply

With Ethereum staking launching soon, demand is steadily increasing to own the minimum 32 ETH that’s required to run a validator. Many people are also increasing their ETH holding stacks in order to earn more passive income once staking is live.

Recently Paul Tudor Jones announced that he has invested in Crypto as a hedge against inflation. This may soon result in a surge of demand for Ethereum and other cryptocurrencies.

The surge in demand of new investors at the same time as Ethereum is launching staking can result in a bull run unlike anything we have seen.

I believe Ethereum will be the best performing digital asset for the next year.