Ethereum co-founder Vitalik Buterin has put his thinking cap on again in an attempt to improve the current fee structure for the network.

The proposal titled “Multidimensional EIP-1559” was laid out in a blog post on Wednesday in which Buterin noted that different resources in the Ethereum Virtual Machine (EVM) have different demands in terms of gas usage.

He added that there are different limits for short-term “burst” capacity as opposed to “sustained” capacity within the EVM, citing examples of block data storage, witness data storage and block state size changes.

“The scheme we have today, where all resources are combined together into a single multidimensional resource (‘gas’), does a poor job at handling these differences.”
https://cointelegraph.com/news/vitalik-proposes-new-multidimensional-ethereum-fee-structure

The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser.

American fintech giant PayPal Holdings has reportedly confirmed its intent to launch its own stablecoin named PayPal Coin. The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser.

Confirming the evidence found on the PayPal app, Jose Fernandez da Ponte, PayPal’s SVP of crypto and digital currencies, told Bloomberg News:

“We are exploring a stablecoin; if and when we seek to move forward, we will of course, work closely with relevant regulators.”

https://cointelegraph.com/news/paypal-reportedly-confirms-plans-to-explore-the-launch-of-a-stablecoin

Buterin still believes that “the internet of money should not cost more than 5 cents per transaction” and highlighted Ethereum’s continued efforts to improve the blockchain’s scalability capabilities.

Rounding up the last decade, Ethereum co-founder Vitalik Buterin revisited his predictions made over the years, showcasing a knack for being right about abstract ideas than on-production software development issues.

Buterin started the Twitter thread by addressing his article dated July 23, 2013, in which he highlighted Bitcoin’s key benefits — internationality and censorship resistance. Buterin foresaw Bitcoin’s potential in protecting citizens’ buying power in Iran, Argentina, China and Africa.

However, Buterin also noticed a rise in stablecoin adoption as he saw Argentinian businesses operating in Tether (USDT). He backed up his decade-old ideas around the negative impacts of Bitcoin regulation.
https://cointelegraph.com/news/ethereum-white-paper-predicted-defi-but-missed-nfts-vitalik-buterin

Nonfungible token projects have raised billions of dollars in venture funding over the past year, underscoring heightened demand in the sector.

Digital asset curator Metaversal announced Tuesday that it has completed a $50 million funding round to further expand its investment capabilities in the nonfungible token (NFT) and metaverse sectors.

The Series A funding round was co-led by investment firms CoinFund and Foxhaven, with additional participation from Collab+Currency, Dapper Labs, Digital Currency Group, Franklin Templeton, Rarible, Theta Blockchain Ventures, Galaxy Vision Hill and others.

Metaversal said it will use the funding to expand its NFT-focused business, including acquiring high-profile digital collectibles and supporting projects that are being bootstrapped by its venture studio. The funding also enabled Metaversal to secure partnerships with NFT platform Rarible and Dapper Labs’ Flow blockchain. Flow, which provides the infrastructure for NBA Top Shot and CryptoKitties, is also being supported by Google and Filecoin, among other notable partners.
https://cointelegraph.com/news/nft-focused-holding-company-raises-50-series-a

Signture campaign
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2021 saw Bitcoin scale to unfathomable heights while witnessing some real lows at the same time. Here's a deep dive into how the year went for the flagship crypto.

While 2021 did provide some sort of respite for investors operating across the global crypto landscape, it was still largely been driven by fears that first reared their ugly heads back in 2020. From rising inflation rates to another wave of coronavirus-related outbreaks, the ground beneath everyone’s feet continued to move even without them knowing.

For example, while everyone assumed that Bitcoin (BTC) would hit a price target of $100,000 quite easily — including many traditional financial institutions — by the turn of the new year, the flagship crypto continued to showcase a high degree of volatility despite having touched an all-time high of $69,000 earlier in November, and essentially just moved in a broad sideways channel for the past ten months.

That said, there have been a lot of developments — mostly positive but some negative as well — surrounding Bitcoin this year. In this piece, we will look to explore many of these themes and much more. So, without any further ado, let’s get straight into the heart of the matter.
https://cointelegraph.com/news/the-year-for-bitcoin-a-2021-roundup-of-the-flagship-crypto

Institutional firms continue to be interested in Bitcoin. Bitcoin deserves it. The technology of the future... It protects people from inflation. Its supply is limited. An ideal investment vehicle. Everyone wants to have Bitcoin.

Russia has the best developers in the world for cryptocurrencies. One of them is Vitalik, whom everyone knows. They need to cooperate with cryptocurrency developers. They make better and more rational decisions.