Solana recently introduced new functionality to its network, bringing Blinks (blockchain links) to the Web2 space. Now, users and developers can take wallet actions, like making a transaction, a donation, or a vote using a wallet address, wherever a URL can be shared, enhancing the user experience in legacy web applications or even on X. […]
Bitcoin News
Vitalik Buterin Responds to Criticism on the Institutionalization of the Crypto Space: We’re Still Here
Vitalik Buterin, one of Ethereum’s co-founders, answered the criticism regarding the new institutional focus of blockchain and cryptocurrency projects. Buterin told Joe Weisenthal, co-host of Bloomberg’s financial podcast Odd Lots, that crypto culture “idealistic hippies” were still in the space, and that projects in this regard have moved forward quite a bit, citing Lens and […]
Bitcoin News
Space and Time Unveils Sub-Second ZK Prover, Now Open-Sourced
With goals set on advancing blockchain and artificial intelligence (AI) integration, Space and Time has publicly released its high-speed zero-knowledge prover, Proof of SQL, under an open software license. The team says the release marks a notable shift towards more efficient data verification processes in blockchain applications. Blockchain Verification Enters New Speed Era with Space […]
Bitcoin News
Bitcoin Magazine CEO: A Trump Victory Will Trigger a Bitcoin ‘Space Race’
David Bailey, CEO of Bitcoin Magazine and crypto aide for the Trump campaign, believes that Trump’s victory in the upcoming election could trigger a bitcoin ‘space race,’ as countries rush to accommodate their policies to align with the U.S. Bailey also stated that they have secured several 7-figure commitments for Trump’s pro-crypto 0 million war […]
Bitcoin News
El Salvador Enhances Bitcoin Treasury Transparency With Launch of Dedicated Mempool Space
In a significant move towards transparency, El Salvador’s National Bitcoin Office (ONBTC) has announced the launch of its own mempool space. This development allows anyone to view the country’s bitcoin treasury holdings. The initiative is supported by Mempool, which revealed it has provided a custom instance of The Mempool Open Source Project for the ONBTC. […]
Bitcoin News
Crypto Teams May Exit Space Due to Ethereum Security Classification, Amina Bank Report Suggests
The classification of ethereum as a security poses not only risks to the entire crypto market, but it could also likely lead to many crypto teams exiting the space. This designation might hinder progress and potentially reverse years of advancements in the cryptocurrency market. The U.S. Securities and Exchange Commission has likely delayed its decision […]
Bitcoin News
Etherland Tecra Space Crowdfunding Goes Live
PRESS RELEASE. The Etherland Tecra Space campaign has officially gone live, giving participants the opportunity to stake their claim in a real-world assets (RWA) blockchain project that approaches on-chain real estate with a unique angle. This campaign aims to accelerate the development of innovative RWA solutions powered by blockchain technology for the real estate industry. […]
Bitcoin News
Blockchain Space Continues to Evolve Even During Lean Periods, Says Michael Amar
The blockchain and crypto industry has never stood still including during the prolonged lean period known as the crypto winter, asserted Michael Amar, co-founder of the Paris Blockchain Week Summit. Amar believes the resilience shown by market participants during this period demonstrates a new level of maturity in the industry. Engagement Between Startups and Developers […]
Bitcoin News
The Rise of Eggdog: Is This the Next Bonk in the Crypto Space?
In the ever-evolving landscape of cryptocurrencies, where new projects emerge at lightning speed, one name has been buzzing across social media platforms: Eggdog. In a matter of weeks, Eggdog has skyrocketed, capturing the attention of investors and enthusiasts alike, almost mirroring the meteoric rise of Bonk not too long ago.
Within just two weeks, Eggdog made headlines by reaching a staggering million in market capitalization, a feat that left many in awe and sparked comparisons to the early days of Bonk. The similarities in branding, meme-centric approach, and promising potential prompted discussions among crypto enthusiasts, speculating whether Eggdog could indeed be the next game-changer.
Tokenomics lay at the heart of Eggdog’s appeal. Zero tax, a renounced contract, and the allocation of 100% of the supply to Raydium alongside LP burning strategies added an air of transparency and solidity to the project, attracting investors seeking reliability in a volatile market.
At the core of Eggdog’s charm lies its connection to an internet meme – the Eggdog meme. Originating from a peculiar 3D model resembling a dog shaped like an egg, this meme found its first appearance in a video titled “Meet Eggdog” by YouTuber Zamsire on March 2, 2019. Since then, it’s taken the internet by storm. Numerous Eggdog videos, like “Eggdog Diner” by Zamzire on March 12, 2019, and a real-life rendition of Eggdog in a video simply titled “Eggdog” by YouTuber Rapid Liquid on May 3, 2019, have further propelled its popularity.
Eggdogs are often depicted stretching into absurdly high positions or engaging in lively dance routines, adding to the whimsical nature that has captivated internet users. This meme’s unique appeal has translated into the cryptocurrency sphere, leveraging the existing fervor to create a community-driven project that aims to capitalize on the meme’s widespread recognition.
Is Eggdog the Next Bonk?
Comparisons to Bonk, a previous crypto success story, are inevitable. Both projects share a similar trajectory, leveraging engaging memes and community-driven initiatives to propel their rapid rise. However, whether Eggdog will follow Bonk’s footsteps entirely or carve its own path remains to be seen.
The fervent discussions, the growing community, and the early indicators of success have prompted many to ponder: could Eggdog be the next big thing in the crypto world? The allure of finding the next breakout star in a sea of digital currencies certainly adds to the excitement surrounding Eggdog.
Exclusive NFT Release: Rewarding Eggdog Holders
Excitement surrounding Eggdog has reached a fever pitch with recent news from their Twitter handle (@eggdogsolana). The team’s announcement of an impending NFT release exclusively for Eggdog holders has sent ripples of anticipation throughout the community. Speculation abounds that this release might offer a free mint opportunity for those holding Eggdog tokens. This move not only underscores Eggdog’s commitment to rewarding its dedicated community but also hints at the potential for increased engagement and value for its holders through innovative offerings in the NFT space. Such initiatives further solidify Eggdog’s reputation as a project committed to its community’s growth and prosperity.
As with any investment opportunity, there are risks involved. While the initial momentum of Eggdog has been impressive, the crypto space is notoriously volatile and unpredictable. Investors are urged to conduct thorough research, exercise caution, and consider their risk tolerance before delving into any new project, including Eggdog.
In conclusion, the phenomenon surrounding Eggdog is undeniable. Its rapid rise, rooted in a well-executed meme-driven strategy and promising tokenomics, has positioned it as a compelling contender in the crypto sphere. Whether it will mirror the success of Bonk or carve its own unique path, only time will tell. For now, all eyes remain fixated on Eggdog as enthusiasts and investors eagerly await its next move in this ever-evolving crypto narrative.
Dive into the captivating world of Eggdog! Visit the official Eggdog website at https://eggdogsol.com/, and join us as we’re on an exciting journey, attracting inquisitive minds eager to unveil the potential behind our uniquely named project. Join the conversation and be part of our dedicated community on Twitter at https://twitter.com/eggdogsolana and Telegram at https://t.me/eggdogcoin as we soar towards exciting opportunities and rapid growth!
About Eggdog
Eggdog has swiftly emerged as a captivating force in the crypto world, gaining remarkable traction within a brief span. Riding on the wave of an internet meme that embodies a 3D dog resembling an egg, Eggdog’s rapid ascent, propelled by a dedicated community, robust tokenomics featuring zero tax and a renounced contract, mirrors the early success stories of standout crypto projects. This meme-driven endeavor, reminiscent of viral sensations, beckons investors and enthusiasts alike to witness its promising potential and captivating journey in the ever-evolving cryptocurrency landscape.
Disclaimer:
The information provided in this release is not investment advice, financial advice, or trading advice. It is recommended that you practice due diligence (including consultation with a professional financial advisor) before investing or trading securities and cryptocurrency.
Bitcoin Fork Discussions Surface Over Block Space Constraints and Ordinals
While no formal announcement has been made, murmurs of a potential Bitcoin fork are emerging amidst discussions on block space, Ordinal inscriptions, and escalating fees. Such speculation has led some to believe that a significant Bitcoin fork might occur in 2024.
Talks of a Bitcoin Fork Appear as Tensions Rise
Discussions about a potential Bitcoin fork are surfacing on social media platform X, sparked by ongoing debates about the trend of Ordinal inscriptions, the block space these inscriptions occupy, and the increasing transaction fees of BTC.
As of Dec. 23, 2023, a backlog of 291,660 unconfirmed bitcoin transactions exists. The current cost for transferring bitcoin stands at 81 satoshis per virtual byte (sat/vB) or .97 per transaction. Comparatively, fees were much higher on Dec. 16, 2023, when the rate was 674 sat/vB, equating to per transfer.
Moreover, certain Bitcoin enthusiasts scorn Ordinal inscriptions, labeling them as “spam,” an “attack,” a “scam,” and fundamentally a misuse of resources. On Dec. 23, advocate Adam Simecka asserted that Ordinal inscriptions are a “scam,” causing division among bitcoiners, and predicted that this trend “will result in a hard-fork (a new version of Bitcoin) that will eventually fail.”
The Twitter user Pledditor informed its 16,900 followers about Taproot Wizards’ alleged attempts “to fork Bitcoin to be more like Ethereum.” Pledditor’s X post came as a rebuttal to Udi Wertheimer’s mention of “BIP-1559” on the same platform.
Furthermore, Wertheimer’s X post from Dec. 20 proclaimed, “In 2024 we’re upgrading Bitcoin,” to which David Coen responded, “Please do it. Fork Bitcoin. Keep the spam on your chain.” Tyler Whittle, a sorcerer at Taproot Wizards, recently discussed the risks Bitcoin faces due to its reluctance to adapt and change.
Whittle argues that while the Bitcoin community is proficient at understanding the risks of protocol changes potentially wiping out its market cap, it underestimates the dangers of not evolving. This resistance to change Whittle compared to the downfall of formerly dominant companies like Blackberry, Kodak, and Nokia, which failed to adapt to new technologies and market shifts. Whittle added:
In 2024, we must move away from the biblical Bitcoin culture. We need more 1960s Space Race vibes, and less Bitcoin as religon.
Since the block size disputes and the 2017 split between Bitcoin and Bitcoin Cash, much has evolved. Each chain has diverged, with Bitcoin Cash expanding its block size to 32 megabytes (MB) and Bitcoin maintaining its 1 MB block size cap. Yet, because of Segregated Witness and Taproot, Bitcoin has attained a 4 MB block size this year.
Over the past year, Bitcoin’s average daily block size has also risen from 1.19 MB to 1.7 MB. Nonetheless, there’s no additional capacity for expansion, and the likelihood of proposing and agreeing on a block size increase is virtually nonexistent.
As we near 2024, the Bitcoin community encounters a decisive juncture. Discussions about Ordinal inscriptions, block size, and escalating fees highlight an increasing schism. With debates heating up and transaction queues expanding, talk of a potential fork is becoming more prevalent. Mid-December 2023 saw the term “bitcoin fork” hit the peak of Google Trends scores globally, signaling heightened interest and concern.
What do you think about the rising discussions concerning a Bitcoin fork in 2024? Share your thoughts and opinions about this subject in the comments section below.