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CoinDesk’s Ethereum Research Report Now Available

CoinDesk Research has released "Understanding Ethereum", a 48-page deep dive into one of the most exciting blockchain projects today.

Updated Sep 11, 2021, 12:20 p.m. Published Jun 24, 2016, 2:00 p.m.
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Bitcoin competitor? World computer? The future of the Internet itself?

STORY CONTINUES BELOW
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Next-generation public blockchain platform ethereum launched the first production version of its software this year, and the world is fast learning about its disruptive potential.

From leaderless companies to startups that aim to change everything from content monetization to machine-to-machine communication, the ethereum platform is now moving out of the sandbox and into the real world.

This is just a first taste of the impact Ethereum could bring, but as shown by the collapse of The DAO, the platform's signature project, it's far from a completed platform today.

To take the next leap, Ethereum will need to make truly radical changes, including overhauling its consensus algorithm and pushing further into experimental scaling concepts.

Our longest-ever report dives deep into one of the most exciting projects in technology today, providing 48 pages of clarity on its ecosystem, technology and path forward.

Highlights include:

  • A beginner’s guide to learning Solidity
  • A step-by-step guide to how Augur uses ethereum today
  • A timeline of key milestones in ethereum’s development
  • Easy-to-read descriptions of ethereum’s technical components
  • Overviews of 12 of the ecosystem’s most exciting startups
  • Reviews of 4 technical challenges ahead for ethereum.
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Concepts covered: Casper, DAOs, ether trading, ethereum protocols, ethereum startups, mining, scaling issues, sharding, smart contracts, state channels and more.

Companies and projects mentioned: Akasha, Augur, Backfeed, BlockApps, Coinbase, Colony, ConsenSys, Digix, Ether.camp, Ethcore, Gemini, Golem Project, MakerDAO, Otonomous, Plex.ai, Provenance, Slock.it, String and more.

Image via Jonathan Bull for CoinDesk

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Pudgy Penguins: A New Blueprint for Tokenized Culture

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Pudgy Penguins is building a multi-vertical consumer IP platform — combining phygital products, games, NFTs and PENGU to monetize culture at scale.

What to know:

Pudgy Penguins is emerging as one of the strongest NFT-native brands of this cycle, shifting from speculative “digital luxury goods” into a multi-vertical consumer IP platform. Its strategy is to acquire users through mainstream channels first; toys, retail partnerships and viral media, then onboard them into Web3 through games, NFTs and the PENGU token.

The ecosystem now spans phygital products (> $13M retail sales and >1M units sold), games and experiences (Pudgy Party surpassed 500k downloads in two weeks), and a widely distributed token (airdropped to 6M+ wallets). While the market is currently pricing Pudgy at a premium relative to traditional IP peers, sustained success depends on execution across retail expansion, gaming adoption and deeper token utility.

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Bitcoin pulls back to as low as $81,000 as horrendous day continues

Ether has fallen below a key bull market trendline.  (Eva Blue/Unsplash)

The world's largest cryptocurrency has shed nearly $10,000 over the past 24 hours, now threatening to take out its recent November low just under $81,000.

What to know:

  • Bitcoin (BTC) continued to quickly decline in the U.S. evening hours on Thursday, the price falling all the way to $81,000.
  • More than $777 million in leveraged crypto long positions were liquidated in the space of one hour.
  • Comments from President Trump caused a surge in Polymarket betting odds on Kevin Warsh becoming the next Fed chair, perhaps disappointing some traders who hoped the more dovish Rick Rieder would be selected.