Ripple to Host PayID Developers Conference With CEO and CTO: Details

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Tue, 06/23/2020 - 10:58
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Vladislav Sopov
To promote its cutting-edge PayID feature, Ripple Inc. will organize a developers conference. The company CEO and CTO will address the participants with keynotes
Ripple to Host PayID Developers Conference With CEO and CTO: Details
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One week after the implementation of the most significant novelty, Ripple, Inc., invites all engineers to share their experience in building and upgrading payment systems.

First PayID Conference

According to the official announcement from Ripple Inc, the online event will start on June 25th, 2020 at 09:00 AM (PT). Mainly, the conference targets the engineer and developer communities.

Ripple Inc. will host PayID conference for devs
Image by Twitter

The discussions of the conference will cover all aspects of the future of digital payment systems. Attendees will share the best practices in the 'open finances' segment.

The organizers highlight that 'open standards' will become the future of money, like the Internet for information transfer. The challenges and achievements of the sphere will be demonstrated via the PayID example. Live PayID demos will be showcased by the members of various Ripple communities, e.g. Tangem, Forte, and others.

Guests of the conference will be welcomed by the keynotes of Ripple CEO Brad Gralinghouse and CTO David Schwartz.

'No more difficult than e-mail'

PayID, the new feature available for the Ripple payment system and its numerous partners, will act as a shared cross-platform identifier of payment. As announced by Ripple CEO Brad Garlinghouse, with PayID, authorizing digital payments will be as easy as sending e-mails.

As covered by U.Today Crypto News, Ripple CTO David Schwartz revealed a list of advantages that make the new release special. According to him, PayID's main benefits include interoperability between cryptocurrency-based and classic fiat payment vendors.

Futhermore, it allows sending money to human-readable addresses which is very useful for retail payment transactions.

However, Ripple's competitors are unwilling to give up. For instance, PayPal may implement a direct crypto purchasing feature into its instruments in early Q3, 2020.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

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Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)