Consensus
Ethereum gone wrong? Here are 3 signs to keep an eye on during the Merge
The assumption that Ethereum will just transition to a fully functional proof-of-stake (PoS) network after the Merge somewhat ignores the risk and effort necessary to move an asset that has a $193 billion market capitalization and 400 decentralized applications (DApps). That is precisely why monitoring vital network conditions is essential for anyone willing to trade the event which is scheduled for Sept. 14, according to ethernodes.org. More importantly, traders should be prepared to detect any alarming developments in case things go wrong. Apart from the $34.2 billion in total value locked in smart contracts, another $5.3 billion in Ether is staked on the Beacon Chain. The network is currently used by many tokens, oracle providers, stablecoins, layer-2 scalability solutions, synthetic as...
The crypto industry must do more to promote encryption, says Meltem Demirors
“I like to call myself a future, or aspiring, cult leader,” Meltem Demirors, chief strategy officer of CoinShares — a publicly listed investment firm managing around $5 billion in assets — told Cointelegraph. Demirors, who first entered the Bitcoin (BTC) space in late 2012, further mentioned that it has been “fun to see how big the crypto sector has become,” noting that people from all walks of life are now interested in the cryptocurrency space. As such, Demirors explained that “crypto cults” are bringing people together in a positive manner, especially since it gives people a sense of purpose and belonging. When it comes to regulations — one of the most important topics facing the crypto industry today — Demirors expressed skepticism. “Having been in this industry professiona...
Reliably unreliable: Solana price dives after latest network outage
The Solana network is not having a good year, having suffered full or partial outages at least seven separate times over the past 12 months. A bug has knocked the Solana blockchain offline again as block production halted at 16:55 UTC on June 1. This latest outage lasted around four and a half hours as validator operators managed to restart the mainnet at around 21:00 UTC, according to the incident report. Validator operators successfully completed a cluster restart of Mainnet Beta at 9:00 PM UTC, following a roughly 4 and a half hour outage after the network failed to reach consensus. Network operators an dapps will continue to restore client services over the next several hours. — Solana Status (@SolanaStatus) June 1, 2022 Solana Labs co-founder Anatoly Yakovenko explained what happened ...
Uniswap v3 contracts deployment on Polygon approved with 99.3% consensus
The Uniswap community has approved the governance proposal that sought deployment of Uniswap v3 contracts over the Polygon PoS Chain. The approval comes in the form of an on-chain vote that saw the participation of over 72.6 million users from the community. Uniswap Labs announced to deploy Uniswap v3 contracts based on the votes that reflected over 99.3% approval consensus and will be supported by a $20 million fund — $15 million for long-term liquidity mining campaign and $5 million for the overall adoption of Uniswap on Polygon (MATIC). The Uniswap community has voted to deploy v3 on @0xPolygon through the governance process. ⚡️ Uniswap Labs will deploy Uniswap v3 contracts within a few days. Stay tuned. pic.twitter.com/LwVLwEngPl — Uniswap Labs (@Uniswap) December 18, 202...
APC group suspends Senator Akpabio as national coordinator
The Minister for Niger Delta, Senator Godswill Akpabio, has been suspended by the Presidential Support Committee (PSC), a political support group of the All Progressive Progressives Congress (APC) as the National Coordinator. Akpabio was suspended for inactivity and poor leadership by the national delegates at their National General Meeting and Merit Award held yesterday at Barcelona Hotel, Abuja. The National Facilitator of the committee, Mr Gideon Samanni and the organisation’s Director of Media, Dr Kalaini Mohammed, announced the suspension in a joint statement. They said the suspension was necessitated to ensure the survival and revitalisation of the organisation. PSC raised an outcry that the group was gradually drifting into oblivion even though it supported the APC and the re-electi...
Anambra election: PDP aspirant rules out consensus candidate
File Photo The aspirant, Godwin Maduka, a professor and founder of Las Vegas Pain Institute and Medical Center, U.S., said this when he spoke with reporters in Abuja on Tuesday, after a stakeholders meeting. He said it was unimaginable for any of the 16 aspirants to step down before the Saturday’s primaries. “Some of the aspirants will come to you and say let’s talk. They will say, you don’t need to be in politics. What are you looking for? “I will tell them, are you going to take the governorship title and allow me to work? I will allow you to do that. “Let me work on my ten point agenda-education, ICT, Agriculture, Women and Youth empowerment, solar energy, transportation and all that. I don’t think consensus is possible,” he said. Maduka said he was prepared for the party’s primary elec...
Senate reassures Nigerians on PIB, electoral, constitutional amendment bills
Senate President Ahmad Ibrahim Lawan said on Friday that the Senate was closer to passing the Petroleum Industry Bill (PIB), the Electoral Act Amendment Bill, and the Constitution Amendment Bill, assuring Nigerians that the bills will be passed between now and July year. Lawan who stated this while interacting with journalists to mark the second anniversary of the 9th Senate stated that it was a mark of excellent effort that the ninth senate would soon be ready to pass the Petroleum Industry Bill (PIB) after twenty years of failed attempts. “This should happen this June, and it should increase accountability, probity, efficiency, equity and justice in that vital sector of our economy. “Our determination to pass the bill is additionally in line with our resolve to be a result-oriented parli...
NPC: Census will not consider religion, ethnicity
The National Population Commission says the population census will not take into consideration the number of adherents of any religion or the number of members of ethnic groups. It, therefore, denied including a religious category in the questionnaires being distributed in the first pre-test exercise for the next population and housing census in the country. The Director, Public Affairs of the NPC, Udi Joseph, said this in a statement on Wednesday while reacting to viral Whatsapp messages claiming the NPC had made two separate categories for Muslims and one category for Christians in its questionnaire. In a statement titled, ‘NPC Refutes Fake News on Religion in Census Questionnaires’, the organisation said even in previous population census exercises, religion and ethnicity were not consi...
Ogun council polls: APC members reject imposition of candidates, demand governor’s intervention
File Photo Some aggrieved members of the ruling All Progressives Congress (APC) in Ogun State have appealed to the State Governor, Prince Dapo Abiodun, to immediately save the party from imminent crisis. The party faithful, who expressed concern over the gale of imposition of candidates within the APC ahead of the July 24 local government elections in the state, said Governor Abiodun, as the overall leader of the party, must rise to the occasion and rescue it from the grip of self-serving individuals masquerading as leaders. This was contained in a statement issued on Sunday, which was signed on behalf of the concerned APC members by an Ikenne Local Government based politician, Hon. Sonuga Ramoni, a leader and youth activist from Ikenne Local Govt area of the State. Sonuga alleged that the...
OPEC commits to stable global oil market
The Organisation of Petroleum Exporting Countries and non-OPEC ministerial meeting has reaffirmed its commitment to a stable global market in the mutual interest of producing countries. The meeting gave the assurance at the end of its virtual 17th OPEC and non-OPEC ministerial meeting on Tuesday. “In view of current oil market fundamentals and the consensus on its outlook, the meeting reaffirmed the existing commitment of the participating countries in the Declaration of Cooperation (DoC) to a stable market in the mutual interest of producing nations. “Also, the efficient, economic and secure supply to consumers; and a fair return on invested capital. “Reconfirmed the existing commitment of the 10th OPEC and non-OPEC ministerial meeting in April 2020, amended in June, September, and Decemb...
South East group warns governors, others angling for vice presidency
As discussions surrounding the 2023 presidential election gathers pace, South East Governors and other politicians from the region have been warned against ‘angling for the position of Vice President’. The Association of South East Past Presidents-General, which gave the warning in Enugu at the weekend, said the zone would not accept any one reducing it to ‘second fiddle political status’ in 2023. At an official public presentation of the former Chief Judge of Anambra State, Justice Peter Umeadi, who is also a Professor of Law, the association said the general consensus by equity, justice and fair play was that the next President of the country should emerge from the South East. The former PGs, who lead the over 2000 Igbo communities in the past, stressed that with such understanding, it w...
NOA urges all leaders to de-escalate tension, preach peace
File Photo Responding to the spike in violent crimes and insecurity across Nigeria, the National Orientation Agency (NOA) has urged political, ethnic and religious leaders to take deliberate steps to de-escalate tensions and promote peace, unity and tolerance among the citizens. In a letter of appeal signed by the Director General of NOA, Dr Garba Abari, the agency said the present situation called for leaders across political, religious, traditional, professional and the social landscape to do all within their powers to arrest the situation to avoid further deterioration. The letter reads in part: ‘At these very challenging times, all the nation and its citizens need are deeper reflection and sobriety in what we do and say, as truly, the forces of disunity and national disintegration are ...
