Vitalik elaborates on PoS simplification proposal, Ethereum rebound means market recovery

Headlines

▌Vista issued an article explaining the PoS simplification proposal, suggesting a design that only requires 8192 signatures per slot.

Vitalik Buterin published an article describing a PoS simplification proposal, proposing a design that only requires 8192 signatures per slot (even if SSF is used), aiming to Making consensus implementation simpler and lighter. Buterin proposed three methods, namely: a pledge pool focusing on decentralization; two-level pledge; and rotating participation (such as a committee).  

Vitalik said that he hopes to stick to the 8192 signature, which will make the work of technical implementers as well as builders of side infrastructure such as light clients easier, and the future load of the Ethereum protocol will no longer be One unknown: The load could be increased through a hard fork in the future, but only if developers are confident that the technology has improved enough to handle more signed slots with the same efficiency. All that's left is to decide which of the three methods above to use, or something else.

▌Grayscale: Ethereum’s rebound should be seen as evidence of further crypto market recovery

Grayscale officials posted on social media that ETH generated strong returns (more than 80%) in 2023, but its performance lagged behind BTC and certain other smart contract blockchain tokens. The ratio between the ETH and BTC price index recently reached its lowest level since mid-2021. In fact, most smart contract platform tokens have gained less than Bitcoin this year, with ETH largely in line with this peer group. The FTSE Grayscale smart contract platform CryptoSector Index rose by approximately 94% in 2023, only slightly higher than ETH’s growth. Although ETH lags behind Bitcoin and certain other cryptoassets in 2023, it still outpaces traditional asset classes. Therefore, we believe that ETH’s rebound should be viewed as evidence of a broadening crypto recovery.

Quotes

As of press time, according to coinmarketcap data:

The recent transaction price of BTC was 43,380.4 US dollars, with fluctuations during the day. Frame+0.93%;

ETH Recent The transaction price was US$2376.49, and the intraday increase or decrease+1.41%;

BNB The recent transaction price was US$323.5, with intraday changes +3.97%;

The recent transaction price of XRP was US$0.6339, with intraday changes +0.09% ;

The recent transaction price of DOGE was US$0.0934, with an intraday increase or decrease of +0.23% ;

ADA’s recent transaction price was US$0.6325, with an intraday increase or decrease of +1.95 %;

SOL’s recent transaction price was US$106.79, with intraday gains and losses-0.86%.

Policy

▌Grayscale Survey: 46% of U.S. voters say they are investing in cryptocurrency Will Wait for More Policies Before

A recent national survey conducted by The Harris Poll on behalf of Grayscale reported that 46% of U.S. voters said they would wait for more before investing in cryptocurrencies. policy.  

The report shows that nearly seven in 10 respondents said they own some type of investment asset, and nearly one in five respondents (19%) said they own cryptocurrencies, especially cryptocurrencies. are men (23%), black/Hispanic voters (26%; 32%) and younger voters (31% of Gen Z). These groups believe that inflation makes them more interested in cryptocurrencies (25% of men; 36% and 39% of blacks and Hispanics; 40% of Gen Z and 6% of baby boomers).

▌U.S. Congressman Warren: 2024 will be the perfect time to fire the SEC chairman

Blockchain Applications

▌New proposals from the Aave community Proposed to reduce MAI LT on Aave v3 Optimism to 1%

According to a governance forum post, the Aave community launched a new proposal proposing to reduce MAI LT on Aave v3 Optimism to 1% (Currently 0.65), Account Explorer Dashboard data shows that the OP v3 market currently has only one collateralized MAI position. The proposal plans to release a snapshot on January 2, 2024.

▌Aztec: Noir Beta version is online

Aztec, a privacy and scaling solution based on ZK Rollup, announced that its Noir Beta version is online. This version has better stability, tight compatibility with Aztec's Ultra Plonk, and browser compatibility, and developers can start building applications using the language. Programs and Projects.

Cryptocurrency

▌ETC Group Research Director: Ethereum’s performance in 2024 may be Overtaking Bitcoin

ETC Group research director André Dragosch said that Ethereum's performance may surpass Bitcoin in 2024, pointing to Ethereum's technological advancements and Ethereum's status as a leading smart contract The status of the platform will reverse Ethereum’s relatively poor performance compared to Bitcoin this year.  

Dragosch added, “Historically, the 12-month relative performance of Ethereum versus Bitcoin has shown a strong mean reversion trend.” He said that Ethereum’s performance relative to Bitcoin A return to the mean is likely, noting that, with the exception of 2023, Ethereum has consistently outperformed Bitcoin since its inception in July 2015.

▌Tether Advisor: Stablecoins have the potential to create the next multi-trillion dollar market

Tether consultant Gabor Gurbacs posted on the The next multi-trillion dollar market.  

Gabor Gurbacs said: “In the spring of 2017, when I reported to Wall Street, the market value of USDT was well below $100 million, and I said Tether had the potential to reach $100 billion. Five years later, Tether’s The reserve fund is close to 100 billion US dollars, and the next five years will be five years of change."

▌Marathon digital’s share price has increased more than 8 times since the beginning of the year, with a valuation of at least US$5 billion. The best performer among crypto companies

Market data shows that Marathon Digital’s stock price has increased more than 8 times since the beginning of the year (813.82% as of the U.S. stock market closing on Wednesday), with a valuation of US$5 billion or more. Top performer among crypto-related companies. In addition, Coinbase, MicroStrategy, and Grayscale Bitcoin Trust each rose more than 300% in 2023. Not only did these stocks outperform mainstream cryptocurrencies, but they also became among the largest gainers in the entire U.S. market.  

These four Bitcoin-related stocks are among the eight best-performing stocks among U.S. listed companies with a market value of at least $5 billion, according to FactSet.

▌Ark Invest has reduced its holdings by nearly $360 million this month Coinbase and GBTC stocks

Data as of December 26 show that Ark Invest has reduced its Coinbase holdings by 1,535,789 shares this month, worth approximately $282.5 million. The vast majority of sales (1,348,527 shares) came from its Innovation ETF (ARKK), with Coinbase remaining the fund’s largest holding at 10.7%. The company’s Next Generation Internet ETF (ARKW) reduced its holdings of Coinbase shares by 129,871 shares in December, and the Fintech Innovation ETF (ARKF) reduced its holdings by 57,391 shares. Coinbase's current holdings in ARKW and ARKF are about 12% and 14% respectively.   

Ark Invest also continues to reduce its holdings of GBTC. Transaction disclosure shows that ARKW has sold 2,118,186 shares of GBTC this month, worth approximately US$77 million. ARKW’s current position in GBTC is approximately 4.3%.

▌View: Spot Bits The launch of the currency ETF will stimulate more excitement and support for digital assets

Beth Haddock, managing partner and founder of Warburton Advisers, wrote that a spot Bitcoin ETF may be approved in 2024. This could change the way digital assets are viewed, following a year in which the industry faced backlash. Looking ahead to 2024, two possible developments stand out. First, the SEC’s approval of a spot Bitcoin ETF could spark more excitement and support for the digital asset, clarifying regulatory uncertainty and valuation concerns.  

Secondly, promoting the modernization of U.S. capital market infrastructure is in line with the digital generation’s needs for efficiency and transparency. Initiatives such as the upcoming T+1 trade settlement deadline and BlackRock CEO Larry Fink’s predictions about the future of markets driven by token economics underscore this trend. Expect increased institutional support for use cases aimed at enabling this revolution by 2024, such as Figure’s use of the Provenance blockchain.

Important Economic Trends

▌Economic Daily Jin Guanping: Adhere to the same frequency of economic development and improvement of people's livelihood Resonance policies and measures will be introduced one after another as they mature

The article points out that to make up for the shortcomings in the field of people's livelihood security and strengthen the inclusive, basic and comprehensive people's livelihood construction, the goals and tasks should be focused on In response to the worries, concerns, and concerns that the masses have expressed strongly, policies and measures have been introduced one after another to ensure that all measures to benefit the people are advanced in an orderly manner. On the basis of ensuring that the scope of protection is as wide as possible, precise expansion of coverage has been strengthened, and gradually Reasonable and appropriate on the premise of improving the level of protection. Only by doing one thing after another, year after year, and persevering in promoting economic development and improving people's livelihood at the same frequency can we continuously improve people's livelihood and well-being at a higher level. (Jinshi Data APP)

Golden Encyclopedia

▌What is a full node?

All miners are full nodes, but not all full nodes are miners. Miners are the producers of blocks, while full nodes are the librarians of the blockchain network. Full nodes maintain a complete copy of the blockchain, ensuring that every transaction complies with network rules. They verify the legality of transactions and blocks and reject transactions and blocks that violate the rules. Non-mining full nodes do not create new blocks, but play an important role in maintaining the integrity of the network. They check the work of miners and ensure that network consensus rules are followed.

Disclaimer: As a blockchain information platform, Golden Finance publishes articles for information reference only and not as actual investment advice. Please establish a correct investment philosophy and be sure to increase your risk awareness.