Does the online casino have a gender? Many people think it’s a male-dominated field, but facts say the opposite. This article will show that the female audience is rapidly increasing and determine the kind of quality casino entertainment each gender prefers.
How Many Women Play in Casinos?
The history of the casino goes back to the 18th century. During these times, gambling houses were visited mainly by men. But with the advent of new technologies and going online, the situation in the world has changed.
Gambling statistics (in 2019) report that the total number of women relative to all online casino users exceeds 17.6% in Canada and 45.8% in Australia! It means that almost each fifth Canadian and each second Australian casino player is female. According to the British Gambling Commission surveys (in 2021), 41.6% percent of United Kingdom women were gambling last month. For men, this percentage is just over 43%. At the same time, the average age of women in the casino is 29 years, and for men – 33 years. It vividly demonstrates the real picture of casino gender and refutes that gambling is male-dominated.
Psychology of Online Gambling
After online casinos appeared, this kind of entertainment became much more accessible to females. Like men, they see gambling as a vibrant alternative Universe for a unique experience. According to the YouGov UK research about the reasons to play (in 2021), more than 40% of women and men agreed that this is a common fun activity. Over 27% of women chose that they like to fantasize about winning. Over 20% of men selected it as getting the experience of what they bet on. Besides, five times more men than women identified the casino as a reliable way to show skills and earn money.
Another difference is that women are less dependent on casinos. The British Gambling Commission study found that men are about seven times more likely to have addiction problems. They see the casino as a source of income or competition because of keeping going for the reward when losing a streak. Besides, men’s large bets with aggressive strategies also express it. Women, in turn, play for a long time, bet little, and enjoy the process differently.
What games do men and women prefer?
The main question remains how the preferences of players of different sexes differ. Men love table games such as BlackJack or Poker because they prefer competitive activities and often play according to the chosen strategy. Women choose games of luck such as Lottery or Bingo. In addition, they are attracted by colorful Slots with fruits or any other theme. They rarely act according to a specific plan, so these games are perfect for them.
Some activities appeal to both women and men. For example, Roulette is a game with a moment of randomness but a certain probability of a ball falling out. This combination of sheer luck and clear strategy has proven to be universal in terms of gender casinos.
Crypto Casino and Genders
The above facts argue that men have ceased filling the casino space. But one more variable should be added to this equation – cryptocurrency. Since modern online casinos allow you to place bets in many currencies, the gender distribution, in this case, changes significantly.
The spoiler is that this situation will not change. It is difficult to deny the clear predominance of the number of male crypto enthusiasts. The percentage of women with an account on platforms like BetFury is very low. Although, according to statistics, more than 40% of those interested in buying Bitcoin were women. Therefore, more women will soon play in the casino and bet on cryptocurrencies.
So, we can conclude that women are interested in investing and the cryptocurrency market no less than men. By the way, apart from the 8,000 Slots and Original games with one of the highest RTPs on the market, you can also participate in Staking on BetFury. BetFury has an internal token – BFG. It’s listed on many crypto exchanges: PancakeSwap, Biswap, etc. The token has over 55,000 holders, and more than 3B BFG are in circulation. To start investing, you only need a minimum of 100 BFG.
Communication Ways on Social Media
Social media is one of the most important means of attracting an audience to the casino environment. Among them are Twitter, Telegram, TikTok, YouTube, and others. So, Twitter has 43.6% of women, Telegram has 41.4%, and TikTok has 57%. Let’s now define the relationship between general statistics and gambling.
The BetFury platform has collected data on gender from social media. The study showed that the clear leaders in the female audiences are TikTok (28%) and Twitter (32.09%). Therefore, most women often go to the casino from these social networks.
Analyzing this data makes it possible to identify the content attracting females the most. These are fascinating videos, funny memes, short info posts, and interactive, that is, a news feed with short facts and a visual component.
To sum up, the potential of attracting a female target audience to the casino is great since it’s a high-quality type of entertainment. Women are increasingly interested in cryptocurrency, looking for ways to make money and have a good time. Therefore, the online gambling audience will become more diverse soon, and no one will say that the casino is a male-dominated area.
Georgetown, Cayman Islands, August 28th, 2023, Chainwire
Stargate, the leading omnichain liquidity layer, and native asset bridge with over $18 billion in lifetime transaction volume, has now deployed on Kava Chain, the Cosmos-Ethereum interoperable Layer 1. This integration will expand the reach of Tether’s Cosmos-native USDt issued exclusively on the Kava Chain, to the Ethereum ecosystem and beyond.
Stargate’s success in connecting Ethereum networks is unmatched, with 300x more TVL than the next most-used bridge. Deploying Stargate on the Kava Chain gives DeFi users the most secure and efficient way to move USDt between the Cosmos and Ethereum ecosystems.
The integration ensures that users from any of Stargate’s chains have access to USDt on Kava Chain and every app-chain on Cosmos’s Internet of Blockchains. Ease-of-use features like single-click transfers and swaps, combined with unified liquidity and instant guaranteed finality, make traversing USDt capital efficient and simple. Stargate’s native asset transaction capabilities ensure a more direct and efficient connection to the Cosmos ecosystem.
“Kava Chain’s growth since becoming the exclusive native USDt hub for Tether has been impressive, with 90 million native USDt issued,” said Scott Stuart, Kava Chain Co-founder. “With Kava Chain now on Stargate, both retail and institutional users who previously had restricted access to certain features on Kava, now have an even broader spectrum of opportunities with USDt.”
Stargate’s involvement, combined with the Kava Chain’s USDt integration, promises to drive growth, increase exposure to liquidity, and open the Kava Chain and Cosmos ecosystems to wider markets, unprecedented usage for the first time.
About the Kava Chain
The Kava Chain is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network. Committed to fostering innovation and growth, the Kava Chain is a trusted choice for developers and users worldwide.
For more updates, follow Kava Chain on X (fka Twitter).
About Stargate
Stargate is a fully composable liquidity transport protocol that lives at the heart of Omnichain DeFi. With Stargate, users & dApps can transfer native assets cross-chain while accessing the protocol’s unified liquidity pools with instant guaranteed finality.
Contact
Media manager
guillermo carandini
Kava
[email protected]
[August 26, 2023] – Evadore emerges as an innovative ReFi regenerative finance project alongside a worldwide eco-movement, aiming to forge a more sustainable path for future generations and proffer solutions to global environmental challenges.
Notably, ReFi stands out as a financial system with a clear mission: contributing significantly to global improvement. With the escalating impacts of climate change and the growing harm inflicted upon the environment and wildlife by human actions, the urgency is evident. Evadore is set to initiate a worldwide campaign in collaboration with ReFi, facilitating nations to integrate their economic and state management systems within the ReFi framework.
The team has strategically fostered partnerships with prominent institutions within the blockchain industry, including top-tier exchanges, wallets, and service providers. Remarkably, the project is using state-of-the-art blockchain technology to coordinate the building of a financial infrastructure that will support sustainable growth while reducing reliance on fossil fuels.
In a statement made by expert Jimmy Rocks from the team of Evadore, he mentioned that “ Evadore promotes the ReFi financial paradigm in a world where conventional energy sources like oil, natural gas, and coal are becoming less competitive economically and have dwindling reserves. This cutting-edge framework has the world’s best interests at heart. Additionally, the ambitious worldwide movement spearheaded by Evadore and supported by the ReFi strategy aims to encourage countries to adopt a unified economic and political structure as climate change and the human ecological impact worsen.”
Moving forward, Evadore has set sail for an optimistic tomorrow. The project is confident in its ability to lead blockchain initiatives that benefit the environment. Evadore is set to undergo rapid iterative improvements that will allow it to more effectively control its growing carbon footprint and meet the ever-changing needs of the decentralized ecosystem.
With a strategic outlook, Evadore is poised to extend its sphere of influence into developing markets, including emerging economies and regions where blockchain technology remains in its infancy. This strategic maneuver aims to foster the proliferation of Evadore’s adoption, stimulate the growth of the decentralized ecosystem, and contribute to a greener world.
The platform’s commitment remains steadfast: eco-friendly solutions that are swift and inclusive, transcending boundaries.
About Evadore
Evadore is a pioneering ReFi regenerative finance project and global eco-movement dedicated to forging a sustainable path for future generations and pioneering solutions to global environmental challenges. By leveraging strategic partnerships and cutting-edge blockchain technology, Evadore endeavors to reshape the financial landscape while diminishing reliance on fossil fuels. Through visionary expansion and technological innovation, Evadore aspires to be the premier blockchain platform championing a greener world.
Contact
Name: Timothy Walker
Email: [email protected]
Company: Evadore
Location: United Kingdom
Bitcoin (BTC) is exhibiting on-chain activity reminiscent of the period preceding its historic surge to all-time highs in 2021, recent data reveals.
In a post shared on August 25th, Ki Young Ju, the CEO of CryptoQuant, a prominent analytics platform, disclosed that Bitcoin velocity has reached multiyear lows.
This trend indicates reduced movement of BTC at its current price levels, resulting in a lack of pronounced buying or selling pressures.
The concept of velocity, which gauges the rate of BTC units traversing the network, highlights this stagnant state.
CryptoQuant’s data highlights that on a daily basis, this metric is currently at levels that were last observed back in October 2020.
Ki Young Ju offered a two-fold perspective on this situation.
On one hand, it can be interpreted positively as evidence of whales retaining their BTC holdings.
Conversely, it could also be perceived negatively due to the limited transfer of BTC to new investors.
This scenario extends to high-volume traders as well, indicating a subdued trading activity amongst them.
This aligns with the narrative that the market is cautiously observing Bitcoin’s movements, adopting a “wait and see” approach.
READ MORE: Bitcoin’s Evolution Accelerates: Recursive Inscriptions Unveil New Horizons Beyond Cryptocurrency
Notably, the early months of the year witnessed the influx of fresh capital into the market, coinciding with BTC/USD’s impressive Q1 performance, achieving a remarkable 70% gain.
A significant aspect lies in the volume data. In late 2020, a similar pattern emerged where a low point in this metric coincided with Bitcoin’s surge past $20,000 and eventually reaching new all-time highs a year later.
However, in contrast to that period, Bitcoin’s current value of $26,000 seems to be oversold according to its daily relative strength index (RSI), as indicated by Cointelegraph Markets Pro and TradingView.
A recent report by Cointelegraph highlighted that the 12-hour RSI has hit a five-year low this month and is yet to recover, reflecting a delay in the resurgence of investor interest.
In conclusion, Bitcoin’s on-chain behavior is resembling the prelude to its previous historic price rally.
The slowed movement of BTC and the subdued trading activities among high-volume investors reflect a sense of caution prevailing in the market.
However, the oversold RSI suggests a potential for renewed investor engagement, albeit with a delay.
Other Stories:
Binance’s Russian P2P Crypto Exchange Renames Sanctioned Banks Amidst Controversy
XRP Faces Investor Sell-Off as Whale Transfers 29 Million Tokens Amid Price Dip
Galaxy Digital Poised to Manage FTX’s Recovered Cryptocurrency Holdings
The IRS, responsible for US tax collection, has unveiled proposed regulations regarding digital asset sales and exchanges by brokers.
These regulations aim to simplify tax filing and reduce tax evasion by introducing Form 1099-DA.
This form is designed to aid taxpayers in calculating taxes on digital asset gains and losses, thus negating the need for complex calculations and expensive digital asset tax preparation services.
The move aligns digital asset reporting with reporting standards for other asset types, fostering consistency.
The draft proposal, a substantial 282 pages, is set for publication in the Federal Register on August 29.
It is a part of the Biden administration’s execution of the bipartisan Infrastructure Investment and Jobs Act (IIJA), which is projected to generate $28 billion in fresh tax revenue over a decade.
Envisaged to take effect in 2026 for transactions in 2025, the rules’ implementation timeline was established. Public commentary on the proposal will be accepted until October 30, followed by at least one public hearing.
However, the initial response suggests potential challenges for the IRS. Kristin Smith, CEO of the Blockchain Association, underscored the uniqueness of the crypto ecosystem and stressed the need for tailored rules that avoid affecting participants without compliance options.
The DeFi Education Fund’s CEO, Miller Whitehouse-Levine, criticized the proposal as attempting to apply regulations built around intermediaries to a context where they don’t exist.
Criticism has extended to political spheres as well. Patrick McHenry, chairman of the House of Representatives Financial Services Committee, deemed the proposal an extension of the Biden administration’s assault on the digital asset sector.
READ MORE: Binance’s Russian P2P Crypto Exchange Renames Sanctioned Banks Amidst Controversy
McHenry asserted that the rules should adhere to the narrow, precise criteria laid out after the Infrastructure Investment and Jobs Act’s passage.
He applauded the exemptions mirroring those in the Keep Innovation in America bill, co-authored by himself and Rep.
Ritchie Torres, aimed at rectifying the perceived inadequacies of digital asset reporting provisions in the IIJA.
Coin Center, an advocacy group, had previously communicated digital asset taxation suggestions to Sens. Ron Wyden and Mike Crapo.
The suggestions targeted digital assets specifically and voiced concerns about privacy implications.
In conclusion, the IRS’s proposed regulations on digital asset reporting via brokers aim to streamline tax filing and prevent evasion.
The introduction of Form 1099-DA seeks to simplify calculations for taxpayers and bring digital asset reporting in line with other asset types.
Yet, the proposal faces early criticisms for its applicability in the unique crypto landscape and its potential regulatory overreach.
Other Stories:
Bitcoin’s Evolution Accelerates: Recursive Inscriptions Unveil New Horizons Beyond Cryptocurrency
Galaxy Digital Poised to Manage FTX’s Recovered Cryptocurrency Holdings
XRP Faces Investor Sell-Off as Whale Transfers 29 Million Tokens Amid Price Dip
Roman Storm, a co-founder of the cryptocurrency mixing service Tornado Cash, was taken into custody by the United States Department of Justice (DOJ) on August 23 on charges of money laundering and other offenses.
However, his lawyer, Brian Klein, swiftly announced that Storm has been granted bail following his arrest.
Expressing his discontent, Klein highlighted his disappointment with the prosecution’s decision to target Storm for his involvement in software development.
Klein stated that this legal approach sets a risky precedent, potentially affecting all software developers.
Storm’s release on bail occurred shortly after the DOJ’s announcement of his arrest and the charges brought against him and fellow Tornado Cash founder Roman Semenov on August 23.
The charges presented by U.S. authorities revolve around allegations of operating Tornado Cash’s services and purportedly laundering over $1 billion in illicit funds.
Additional charges entail accusations of engaging in a conspiracy to violate sanctions and running an unlicensed money transmitting business.
Despite the release of Storm on bail, there has been no immediate response from his lawyer, Klein, in relation to Cointelegraph’s inquiry.
This development emerges approximately a year after the U.S. Treasury Department designated Tornado Cash-associated addresses as part of the Office of Foreign Asset Control’s (OFAC) list of Specially Designated Nationals.
READ MORE:Ordinal Inscriptions Maintain Dominance on Bitcoin Network Despite Price Dip
This action led to the subsequent arrest of another Tornado Cash developer, Alexey Pertsev, in the Netherlands.
Pertsev spent around nine months in custody before being released in April 2023.
It is important to note that Storm and Pertsev are not the sole developers of Tornado Cash who have faced legal actions.
Roman Semenov, another co-founder, was also added to OFAC’s list of Specially Designated Nationals and Blocked Persons on August 23.
Despite being listed, Semenov has yet to be arrested for the alleged offenses.
The situation reflects an ongoing legal battle surrounding the cryptocurrency mixing service and its developers.
Other Stories:
New DeSo Network Friend.tech Generates Over $1 Million in 24 Hours
UK Prime Minister Allocates £100 Million to Acquire Computer Chips for AI Advancement
Bitget Cryptocurrency Exchange Enhances KYC Procedures to Align with Global Regulations
An individual identifying as Nadir Hajarabi, who professes to have formerly been associated with Worldcoin, has made serious allegations against the project’s legitimacy, suggesting potential involvement in unlawful activities during their tenure.
In a video uploaded on August 23rd to YouTube, Hajarabi disclosed witnessing what they termed “highly questionable” practices within Worldcoin (WLD).
These actions, which they considered to be either reckless or illegal, occurred before Hajarabi’s departure from the project just prior to the token’s launch on July 24th.
Hajarabi alleged that not only was their compensation withheld, but they were also in communication with authorities from various jurisdictions who were investigating the actions of Worldcoin.
Hajarabi outlined that the Worldcoin initiative suffered from a multitude of shortcomings in its execution, indicating that corners were cut during the preparation of the white paper.
They attested to having noticed warning signals “right from the outset.”
Attempts to address their concerns with the CEO of Worldcoin and the organization’s legal team yielded unsatisfactory explanations regarding the apparent disparities between the project’s mission and its actual implementation.
“I have been denied rightful compensation for my dedicated efforts during ETHCC and ETH Global due to raising valid questions,” Hajarabi conveyed to Cointelegraph.
“This treatment is unjust, and I refuse to be silenced and financially mistreated.
Regardless of the extent of my influence, I am committed to advocating for what is rightfully owed to me… a company that professes to rectify financial disparities should not perpetuate economic harm onto its workforce.”
Cointelegraph was unable to independently corroborate Hajarabi’s assertions, which involved their provision of “specialized services” to the organization.
A photograph uploaded to X (formerly Twitter) appeared to feature Hajarabi with one of Worldcoin’s iris-scanning devices.
Their YouTube channel, initiated in September 2013, solely displayed one video – the aforementioned allegations against Worldcoin.
READ MORE: Shibarium’s Anticipated Layer-2 Launch Nears, Promising Enhanced User Experience and Security
An X account ostensibly controlled by the same individual exhibited a snapshot of an ETHGlobal Paris badge that displayed Hajarabi’s name and affiliation with Worldcoin.
Furthermore, a LinkedIn profile attributed to Hajarabi seemed to correspond with the individual in the YouTube video – a Parisian resident experienced in nonfungible tokens, Web3 projects, and smart contracts.
Cointelegraph attempted to solicit a response from Worldcoin, but no reply was received at the time of this publication.
Worldcoin was initially established with the aim of distinguishing authentic individuals from automated entities by utilizing retinal scans for identity authentication via their specialized orbs.
Over 2 million registrations were recorded prior to the Worldcoin token’s launch in July.
Preceding the token and verification process rollout, numerous individuals within and beyond the cryptocurrency domain raised objections against the project, citing concerns regarding data privacy.
The Bavarian State Office for Data Protection Supervision reportedly initiated an inquiry into Worldcoin in November 2022, while the French National Commission on Informatics and Liberty reportedly labeled the organization’s data gathering techniques as “dubious.”
Similar reservations were echoed by the Information Commissioner’s Office in the UK.
In August, Kenya’s Minister of Internal Security announced the suspension of Worldcoin’s local operations until the assessment of potential risks to residents was completed.
This action reportedly included a search and confiscation of the organization’s equipment.
Subsequently, Argentina’s Agency for Access to Public Information launched an investigation into Worldcoin’s handling, storage, and utilization of customer data, citing apprehensions about security and privacy.
Other Stories:
Galaxy Digital Poised to Manage FTX’s Recovered Cryptocurrency Holdings
Binance’s Russian P2P Crypto Exchange Renames Sanctioned Banks Amidst Controversy
XRP Faces Investor Sell-Off as Whale Transfers 29 Million Tokens Amid Price Dip
More than 50% of Russian citizens are open to the idea of entrusting their funds to a central bank digital currency (CBDC), as revealed in a recent survey jointly conducted by the Saint Petersburg Exchange and the Russian Trading System (RTS).
However, the same level of trust does not extend when larger sums are considered.
Only 17% of respondents express confidence in the digital ruble for amounts exceeding 20,000 rubles (approximately $212).
The survey encompassed a broad demographic range, involving over 2,000 participants aged between 18 and 65 across the nation.
The findings, disclosed on August 24 in the local newspaper Izvestia, unveiled that 58.3% of those surveyed are theoretically inclined to invest their funds in a CBDC.
Within this group, the majority (23.8%) would be comfortable transferring sums ranging from 5,000 rubles ($53) to 20,000 rubles ($212) into digital currency.
A smaller fraction, 9%, can envision storing 20,000 to 50,000 rubles ($212 to $529) in a CBDC, while 2% are open to entrusting amounts up to 100,000 rubles ($1,058).
Notably, a mere 2.4% are willing to embrace the notion of placing all their finances in a central bank digital currency.
READ MORE: Bitget Cryptocurrency Exchange Enhances KYC Procedures to Align with Global Regulations
The transition towards digital rubles has already commenced in Russia, with trials commencing on August 15. Thirteen banks are participating in these preliminary tests alongside a select group of their clientele.
This phase of testing focuses on refining fundamental operations, with emphasis on processes such as the establishment and funding of digital ruble accounts, facilitating peer-to-peer digital ruble transactions, optimizing automated payments, and introducing QR codes for streamlined purchase and service transactions.
Olga Skorobogatova, the First Deputy Governor of the Bank of Russia, has outlined a strategic vision to integrate the digital ruble into widespread usage between the years 2025 and 2027.
The ongoing survey underscores a burgeoning acceptance of the CBDC concept among Russians, but also highlights the need for further confidence-building measures, particularly for larger financial commitments.
Other Stories:
New DeSo Network Friend.tech Generates Over $1 Million in 24 Hours
Ordinal Inscriptions Maintain Dominance on Bitcoin Network Despite Price Dip
UK Prime Minister Allocates £100 Million to Acquire Computer Chips for AI Advancement
Pro-XRP advocate John Deaton has criticized the United States Securities and Exchange Commission (SEC) for its handling of the allegations against Ripple’s CEO Brad Garlinghouse.
Deaton asserts that the SEC’s accusations of aiding and abetting were misguided.
He points to revelations from former SEC officials Bill Hinman and Jay Clayton during the SEC vs. Ripple Labs case, which suggested that XRP should have been considered a non-security.
Despite this, the SEC ignored this information for an extended period.
Digital Asset Investor.XRP, a user on the platform X (previously known as Twitter), expressed the opinion that summoning a16z attorneys Lowell Ness and Chris Dixon, alongside former SEC officials Clayton and Hinman, would have been a more strategic move in the legal battle between the SEC and Ripple.
Deaton concurs that Hinman’s testimony would have been pivotal, but acknowledges the challenges of legally summoning a former SEC chair for trial.
Nonetheless, Deaton argues that the SEC made a mistake in charging Garlinghouse, particularly given Clayton’s history of pursuing complaints against executives in non-fraudulent contexts.
READ MORE: Binance’s Russian P2P Crypto Exchange Renames Sanctioned Banks Amidst Controversy
Deaton emphasizes the significance of Clayton as a witness whose testimony should have been presented in court.
Clayton had interactions with Ripple’s CEO and chief technology officer, during which Garlinghouse remarked that “Ripple is living in purgatory” after the Hinman speech.
However, neither Clayton nor Hinman explicitly designated XRP as a security.
Seeking clarity from these former SEC officials could have potentially saved time and legal expenses, potentially fostering greater adoption of cryptocurrencies.
Despite Judge Analisa Torres ruling that XRP doesn’t qualify as a security in certain cases, the SEC aims to challenge this decision.
In a recent development, a substantial holder of XRP transferred over $20 million worth of tokens to exchanges amid the ongoing breach of its support levels, indicating potential market instability.
Other Stories:
Bitcoin’s Evolution Accelerates: Recursive Inscriptions Unveil New Horizons Beyond Cryptocurrency
Galaxy Digital Poised to Manage FTX’s Recovered Cryptocurrency Holdings
XRP Faces Investor Sell-Off as Whale Transfers 29 Million Tokens Amid Price Dip
Blockchain technology continues its forward march with the imminent public unveiling of Shibarium’s eagerly awaited layer-2 version.
The Shiba Inu team has eagerly announced that the platform is in seamless operation and merely awaits its public debut.
Behind Shibarium, an Ethereum layer-2 network, stands a team that has signaled the platform’s current live status in its private mode.
Following a two-day test that demonstrated its smooth functionality, the platform teeters on the edge of accessibility to the wider public.
In a recent blog post, the Shibarium team assured users that their funds remain secure, and an enhanced experience awaits once the platform opens its doors to all.
The early beneficiaries of this update are already celebrating as bridged BONE tokens make their entry.
Responding to this development, the Shibarium community, affectionately known as the Shib Army, has been expressing their excitement on X (previously known as Twitter).
The team proudly expressed its contentment with the progress achieved, asserting that the network has reached a “ready” state after meticulous testing and parameter adjustments.
Notably, block generation remains consistently glitch-free.
Recent updates to the platform encompass significant safety augmentations and a robust monitoring system.
These enhancements encompass the introduction of rate limitations at the remote procedure call (RPC) level and an automatic server reset mechanism.
READ MORE:SEC Lawsuit Stifles XRP’s US Adoption Potential, Pro-XRP Advocate Asserts Amid Coinbase’s Moves
These proactive measures aim to preclude potential issues stemming from abrupt traffic spikes, ensuring users a reliable and uninterrupted experience.
During its testing phase, the network garnered substantial attention, with millions of wallets engaging in over 22 million transactions spanning a four-month period.
However, the initial launch wasn’t devoid of challenges.
An overwhelming surge in activity temporarily overwhelmed the network, causing a halt in transactions for several hours.
This occurrence led to millions of dollars becoming stuck on a bridge tool and subsequently triggered a 10% decline in the value of Shiba Inu.
Subsequently, the development team swiftly addressed these challenges, attributing the server overload to an unforeseen spike in transaction volume.
With the lessons learned, the team is now confident in the success of the forthcoming reopening, undeterred by the initial stumbling blocks.
Other Stories:
Bybit Unveils NFT Collection as Part of Velocity Series
Global Disparities in Bitcoin Mining Costs Highlighted: From $208,560 in Italy to $266 in Lebanon