So far, 99.65% of the votes received reject the idea that ApeCoin migrate to a proprietary network that would develop Yuga Labs. In spite of the problems with GAS, it seems that the community wants the project to continue over the network of Ethereum, so other solutions are considered.
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- Community votes to ApeCoin stay in Ethereum.
- Yuga Labs notes that the commissions of GAS a term used on the Ethereum platform that refers to a unit of measuring the computational effort of conducting transactions or smart contracts, or launch DApps in the Ethereum network. It is the “fuel” of the Ethereum network. *see Gas Limit and Gas Price. are very high.
- There may be risks associated with setting up your own network for ApeCoin.
- Other solutions are considered that would leave ApeCoin within Ethereum.
The team behind the popular collection of NFT non-fungible tokens (NFTs) are cryptocurrencies that do not possess the property of fungibility. Bored Ape Yacht Club, Yuga Labs, presented his community with a proposal to migrate their currency currency is a medium of exchange that defines value. ApeCoin (APE) to a network of its own, which was rejected by the majority of voters.
The need to migrate from Ethereum a decentralized open-source blockchain with smart contracts functionality. to a proprietary network
As such, according to information presented on the official forum of ApeCoin, The proposal was presented on May 1st and it contemplates the following:
“Migrating to a different network a network refers to all nodes in the operation of a blockchain at any given moment in time. is a costly, risky and complex endeavor with many parts that can, if care is not taken, result in catastrophic losses, or in the worst case, result in abandonment by Yuga Labs and other entities that are significant to ApeCoin.”
The plan as such, according to the Yuga Labs was that ApeCoin needed to migrate to its own network, citing for that time the conflicts associated with the large amounts of GAS to pay for transactions through the network of Ethereum. This need became especially necessary during the season when stakeholders were starting to coin a coin can refer to a cryptocurrency that can operate independently or to a single unit of such cryptocurrency. virtual land throughOtherdeeds, so if the company was grossing about $310 million, the fee margin went back up to $177 million in ETH.
Rejection of the proposal for Yuga Labs
In the face of these problems, the most plausible solution proposed by the team of Yuga Labs was the construction of its own network, despite the risks mentioned above. However, the community spoke out and rejected the request.
According to a survey conducted by analysts, the proposal to stay on the network of Ethereum got a 99.65% support the opposite of Resistance, it is a threshold that crypto’s price doesn’t fall below. from the voters, leaving only 0.35% of votes against. However, it is worth noting that this is a partial poll, whose results account an account is essentially a whose purpose is to track the financial activities of a specific asset/ for the trend seen around the preference of the owners of about 340,000 tokens, so there is still a significant amount missing taking into account that the maximum supply is around 1 billion tokens. APE.
According to several analysts, fears of abandoning the network of Etheruem are associated with the possible lack of liquidity how easily a cryptocurrency can be bought and sold without impacting the overall market price. in a proprietary network, along with all the technological challenges that would be involved in creating an ecosystem based on Blockchain, maintaining all the properties that the user base requires.
Other options on the table
Given that the problem of the high commissions for operating on the network of Ethereum is real, the team and the community of Yuga Labs also consider other options on the table to deal with this type of situation.
One of them is the use of second layer solutions on top of the network of Ethereum. Options such as the following are being considered Optimism and Arbitrum on the side of the Optimistic Rollups, or on the contrary Starknet o zkSync from the ZK-Rollups.
Even the team of Avalanche also offered support to the ApeCoin para que migrase a su red, cosa que impactaría positivamente sobre aspectos como la escalabilidad, velocidad y bajos costos. Esta la hizo el fundador y CEO de la red, Emin Gün Sirer, quien invitó al equipo de Yuga Labs to consider this possibility.
- Hackers took advantage of ApeCoin launch to steal more than 30 NFT in phishing when a scammer pretends to be a trusted institution or person to trick people into revealing sensitive information such as Social Security numbers, passwords, banking details, etc., often through a malware link disguised as legitimate. campaign
- Time Magazine to add the ApeCoin token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. to its payment options
- Proyecto NFT Bored Apes Yacht Club presenta su token nativo: ApeCoin
Source:Cryptobriefing,ApeCoin Foro
Version by Angel Di Matteo / DiarioBitcoin
Imagen de Unsplash
