Austin Arnold Archives - Times Tabloid https://timestabloid.com/tag/austin-arnold/ Cryptocurrency and Blockchain Tabs Fri, 11 Feb 2022 04:57:29 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://timestabloid.com/wp-content/uploads/2021/08/cropped-Times-Tabloid-Favicon-32x32.png Austin Arnold Archives - Times Tabloid https://timestabloid.com/tag/austin-arnold/ 32 32 Altcoin Daily: Despite Crypto Market Downturn, Ethereum Continues to Grow In Adoption https://timestabloid.com/altcoin-daily-despite-crypto-market-downturn-ethereum-continues-to-grow-in-adoption/ Sat, 29 Jan 2022 16:11:53 +0000 https://timestabloid.com/?p=2514 Austin Arnold, the co-host of a popular YouTube Altcoin Daily, has recently stated that money continues pouring into Ethereum (ETH), the second-largest cryptocurrency by market cap, despite the crypto market price downturn. In a new video, Arnold pointed out that developers keep building on the largest smart contracts platform irrespective of the current situation in […]

The post Altcoin Daily: Despite Crypto Market Downturn, Ethereum Continues to Grow In Adoption appeared first on Times Tabloid.

]]> Austin Arnold, the co-host of a popular YouTube Altcoin Daily, has recently stated that money continues pouring into Ethereum (ETH), the second-largest cryptocurrency by market cap, despite the crypto market price downturn.

In a new video, Arnold pointed out that developers keep building on the largest smart contracts platform irrespective of the current situation in the crypto market.

Read Also: Number of Ethereum Addresses Holding More Than One ETH Attains New All-Time High

Arnold also referenced the importance of the plans announced by Ethereum-based metaverse platform, The Sandbox (SAND), to launch a $50 million accelerator found for metaverse startups.

Austin Arnold noted:

“Even though we are watching prices consolidate and decline in the short-term, the building continues…

“This is a huge injection of cash into the Ethereum metaverse, The Sandbox. Because of this, we are about to see a lot of buildings…

“This isn’t just going into The Sandbox metaverse. It’s going towards building an interoperable, open network in general.”

Read Also: Ethereum Beats Visa In Terms Of Values Moved In 2021 ($11.6 Trillion and $10.4 Trillion Respectively)

Zero-Knowledge (ZK) Roll-Up Technology Will Partly Boost Ethereum Scalability

According to Arnold, Ethereum scalability issues will be partly solved by zero-knowledge (ZK) roll-up technology, a scalability solution that runs computations off-chain and then submits a validity report.

He also stated that BitDAO, a decentralized autonomous organization, is launching a fund backed by big money, which he expects to further boost Ethereum’s scalability.

“ZK roll-ups make Ethereum a little more private, a whole lot more scalable, and BitDAO just launched this $200 million initiative to advance Ethereum scaling endeavors. Progress is happening…

“What about scaling? Well, BitDAO just launched a $200 million zkDAO to advance Ethereum scaling via zkSync… Major players are backing this scaling solution of zkSync through this DAO.”

Read Also: Big Win For Ripple As Judge Asks SEC to Release Hinman Email about Ethereum (ETH)

According to Arnold, the fast-growing non-fungible token (NFT) sector will serve as a game-changer for the Ethereum ecosystem.

Follow us on Twitter, Facebook, and Telegram

The post Altcoin Daily: Despite Crypto Market Downturn, Ethereum Continues to Grow In Adoption appeared first on Times Tabloid.

]]>