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Ethereum

KCC Bridge goes live to enable token cross-chain swap between KCC and Ethereum

[PRESS RELEASE – Victoria, Seychelles, 16th July 2021]

A new generation of public chain – KCC officially launched its cross-chain bridge, the KCC Bridge. It bridges the KCC public blockchain by allowing native tokens from other chains to transact on KCC. KCC Bridge will support stablecoins like USDT and USDC, from Ethereum to KCC. Users do not have to pay a gas fee when transferring assets into KCC. However, other chains might still charge a fee.

Public chains are the technical infrastructure that underpins crypto industry growth. Although there is a large ecosystem, main public chains like Polygon and Ethereum have faced difficulties and choke points due to their slowness and inefficiency in interfacing with other public chains. Free migration is not available for crypto assets that are created on separate chains. Asset transfer and user experience are severely affected by the silo system created by the pre-bridge universe. This lack of interoperability is a major impediment for the future development of the crypto sector.

Connectivity Solution to KCC Public Chain

The KCC Bridge was launched to offer connectivity solutions to networks that are based on different rules and protocols. It allows users to seamlessly move their assets and data. With one click, cryptocurrencies will be able to freely circulate between their respective networks and the KCC Blockchain.

The Ethereum-based, highly-performing, decentralized public chain KCC has been built by KuCoin and KCS’ fan communities. It has been running stably and smoothly for a month since its mainnet launch on June 16, 2021. KCC is a community-based blockchain service that aims to provide a fast, reliable, and affordable solution for its users. According to the on-chain data insights, KCC block height has exceeded 1.2 million, and the number of addresses of currency holders has reached approximately 25,000. Block time averages within 3 seconds.

The main goal of the KCC community at the next stage is to enhance the ecosystem. Meanwhile, KCC public chain Grants was launched on June 18, 2021, to support and encourage global developers to deploy and build various tools and Dapps on top of KCC. KCC is currently looking for ambassadors with expertise in marketing and technical fields to help promote its continued growth. KCC Bridge’s stable operation is expected to attract more diverse mainstream public chains as well as their native assets into the KCC ecosystem.

About KCC

KCC was built by KuCoin and KCS fan communities. It is a high-performing decentralized public chain. It has high throughput, low latency and low transaction costs. It also offers satisfactory stability and security. It also aims to increase the on-chain processing power, performance and security with the Proof of Staked Authority consensus mechanism. This allows for a faster block confirmation time of less than 3 seconds. To reduce transaction costs, it adopts KCS for the on-chain gas charge. KCC’s goal is to offer community members faster, more convenient and cheaper experiences by establishing a “faster transaction approval speed”, “higher transaction performance,” as well as “lower transaction fees.” For more details, please visit https://www.kcc.io/.

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Ethereum

Arthur Hayes Says Cardano Is A ‘Shitcoin’ – Here’s Why

Cardano (ADA) is a “shitcoin” without purpose that has no distinct advantage over competitors, according to BitMEX co-founder Arthur Hayes.

“Who gives a fuck? Zero?” said Hayes when asked “What about Cardano?” in an interview with Coin Bureau published on Sunday.

Cardano Is A Shitcoin, Says Hayes

Continuing to describe the cryptocurrency – a top ten digital asset by market cap – Hayes did not mince words: “The first wannabe Ethereum, and probably the first one to go to be irrelevant,” he said.

Typically, the popular crypto essayist and trader is well known as one of the loudest long-term Bitcoin (BTC) and Ethereum (ETH) bulls, and often expresses interest in small-cap cryptos for short-term trading.

During the same interview, Hayes even expressed interest in the memecoin “dogwifhat” calling it the “best dog money of this bull cycle.

“I love Rare Pepe’s… I think we’re going to see a resurgence of NFT trading volumes,” he added.

The writer’s unique callout of Cardano ruffled some feathers online – especially with the network’s founder, Charles Hoskinson. On Tuesday, Hoskinson asked Hayes why he was “throwing shade” at Cardano.

“Cause your coin is a piece of shit man,” Hayes replied. “Just buy some ETH and chill.”

What Makes Cardano Unique?

Much like Ethereum, Cardano is a smart contract platform for developing decentralized applications. It also popularized as one of the first well-developed proof-of-stake cryptocurrencies, which use crypto rather than energy to secure its network.

However, many popular blockchains today now use the same mechanism, with Ethereum undergoing a massive upgrade in 2022 to adopt proof of stake. In terms of both market size and DeFi TVL, Cardano is still outsized by competitors like Ethereum, Solana, and Binance Smart Chain (BSC).

On Tuesday, Hayes published a list of the world’s most popular Dapps, and asked which of them had originated or grown most popular on the Cardano blockchain.

“From my very limited knowledge, it looks like none of them do,” he said. “That’s why ADA is dog shit.”

On Bitcoin, however, Hayes remains a bull, expecting strong money printing from the Federal Reserve to drive the asset’s price up soon.

“When printing money happens and you debase the value of time and human labor, we rejoice and say great, fuck you, we’re gonna take Bitcoin to a million,” he told Coin Bureau.

Late last year, Hayes predicted that Bitcoin would reach between $750,000 and $1 million by the end of 2026.

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Crypto Markets Experience Minor Setback as Major Coins Dip, While Select Tokens Buck the Trend

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Ethereum

Ethereum Technical Analysis: ETH Highlights Resilience Across Several Timeframes

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