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- We're proud to introduce Lens Improvement Proposals (LIPs). This open, collaborative process will guide the future development of Lens Protocol.
Taking inspiration from the successful Ethereum Improvement Proposals (EIPs) and Aave Improvement Proposals (AIPs), LIPs takes a step towards decentralized governance. The LIPs process will foster an inclusive, transparent and collaborative environment.
You will find how to participate in LIPs in the Lens Protocol’s GitHub repository, which streamlines the community participation process. It gives anyone the chance to submit proposals, and promotes open discussion.
Let's dive into the first three proposals that are live today:
LIP-0: Establishing an Open Governance Model. A process where the Lens community can propose improvements to Lens Protocol. From the submission of proposals to transparent discussions — we aim to foster an open, collaborative, and inclusive decision-making governance model.
LIP-1: Open Standards for Algorithms. A proposal to establish open standards for algorithms — based on the open Lens data layer — that will encourage the development of third-party algorithms, diverse experiences and provide user choice.
LIP-2: Open Standards for Metadata. An initiative to establish metadata standards for Lens Protocol, promoting transparency, interoperability, and user empowerment.
Take a deep dive into LIPs in our latest blog: https://mirror.xyz/lensprotocol.eth/8uxN9fMYBOqyDW5yZ6O3DDdOLEv1jJtxcw9qk4c4wgM
LIPs are our next step in enabling community involvement in shaping Lens Protocol's future.
Join us at https://github.com/lens-protocol/LIPs
- "Cryptocurrency should be regulated in the same way as gambling" — politicians in the UK
The UK Treasury Committee in the House of Commons insists on equating investments in cryptocurrencies with gambling.
The Committee openly criticizes the Treasury's current position, stating that unsecured cryptocurrencies, such as BTC or ETH, should not be regulated in the same way as traditional assets.
- Blockchain and Logistics
Blockchain, the distributed ledger technology that underpins cryptocurrencies like Bitcoin, has been gaining traction in various industries due to its potential to improve security, transparency, and efficiency. One such industry is logistics and supply chain management, where the implementation of blockchain technology can lead to significant improvements in various aspects of the supply chain.
Logistics and supply chain management involve the movement of goods and information across various stages, from the sourcing of raw materials to the distribution of finished products. Traditionally, this process has been fraught with inefficiencies, such as lack of transparency, manual documentation, and vulnerability to fraud. Blockchain technology offers a solution to these challenges by providing a secure, transparent, and efficient platform for recording and tracking transactions.
**Key Benefits of Blockchain in LogisticsImproved Supply Chain Transparency**
One of the main advantages of using blockchain technology in logistics is its ability to provide end-to-end visibility of the supply chain. By recording every transaction and movement of goods on a secure, tamper-proof ledger, blockchain can create a transparent and trustworthy record of a product's journey from its origin to the end consumer. This increased transparency can help stakeholders make more informed decisions and promote trust among all parties involved.
Furthermore, this enhanced transparency enables better collaboration among various stakeholders, including suppliers, manufacturers, distributors, and retailers. As all parties have access to the same data, they can work together more efficiently, resolving disputes and addressing issues more quickly.
**Enhanced Security and Fraud Prevention**
Blockchain's decentralized and cryptographic nature can improve the security of logistics processes by reducing the risk of fraud, theft, and data tampering. As each transaction is verified and recorded on the blockchain, it becomes virtually impossible to alter the information without the consensus of the network. This helps prevent fraudulent activities and ensures the authenticity of goods throughout the supply chain.
Moreover, blockchain's ability to create an immutable record of transactions helps in regulatory compliance and auditing processes, making it easier for companies to meet industry standards and requirements.
**Cost Reduction and Efficiency**
Blockchain technology can also lead to cost savings and increased efficiency in logistics operations. By streamlining processes such as documentation, tracking, and payment settlements, blockchain can help eliminate redundancies, reduce errors, and accelerate transactions. This results in reduced operational costs and improved overall efficiency of the supply chain.
Some areas in which blockchain can reduce costs and increase efficiency include:
**Smart Contracts**: These self-executing contracts can automate various processes in the supply chain, such as payments and the release of goods, reducing the need for intermediaries and manual intervention.
**Cross-Border Transactions**: Blockchain technology can facilitate faster, cheaper, and more secure cross-border transactions by eliminating the need for intermediaries and reducing transaction fees.
**Inventory Management**: Blockchain can provide real-time inventory tracking, enabling companies to optimize inventory levels and reduce excess stock and related costs.
**Real-World Use Cases of Blockchain in Logistics**
Several companies have already started to explore the potential of blockchain technology in logistics:
**Maersk and IBM**: Shipping giant Maersk has partnered with IBM to develop TradeLens, a blockchain-based platform for tracking and managing global shipping transactions. TradeLens aims to improve efficiency and transparency in the shipping industry by digitizing and streamlining documentation processes.
**Walmart and IBM**: Retail giant Walmart has collaborated with IBM to deploy blockchain technology in its food supply chain management system. The initiative aims to improve food safety and traceability by enabling the company to quickly identify and trace the origin of products in the event of contamination or other issues. This has the potential to significantly reduce the time and costs associated with product recalls and investigations.
**DHL and Accenture**: Global logistics company DHL has teamed up with Accenture to develop a blockchain-based solution for tracking pharmaceutical products. The project focuses on ensuring the authenticity of drugs and preventing counterfeit products from entering the supply chain, thereby enhancing patient safety and reducing losses for pharmaceutical companies.
**Challenges and Limitations**
Despite the promising potential of blockchain technology in logistics, there are several challenges and limitations to consider:
**Scalability**: As the number of transactions and participants in the blockchain network increases, scalability can become an issue. Ensuring that the technology can efficiently handle a large volume of transactions without compromising its performance is crucial for its widespread adoption in the logistics industry.
**Interoperability**: As different supply chain stakeholders may use different blockchain platforms, ensuring interoperability between these platforms is essential for seamless data sharing and collaboration. Developing common standards and protocols for blockchain implementation in logistics will be necessary to overcome this challenge.
**Data Privacy and Regulation**: Implementing blockchain technology in logistics requires addressing concerns related to data privacy and regulatory compliance. Companies need to ensure that sensitive information is protected and that they comply with relevant laws and regulations when deploying blockchain solutions.
**Future Outlook**
As the logistics industry continues to explore the potential of blockchain technology, it is expected that more use cases and applications will emerge, driving further innovation and adoption. The integration of blockchain with other emerging technologies, such as the Internet of Things (IoT) and artificial intelligence (AI), can further enhance the efficiency and effectiveness of supply chain management.
In conclusion, blockchain technology has the potential to revolutionize the logistics industry by improving supply chain transparency, enhancing security, and reducing costs. As more companies recognize the benefits of implementing blockchain solutions in their operations, the technology is poised to become an integral part of the logistics landscape in the coming years. However, addressing challenges related to scalability, interoperability, and data privacy will be crucial for the widespread adoption and success of blockchain in the logistics industry.
- Until next time, Tokyo ✌️
Featuring: @ethglobal.lens, @galverse.lens, and DAO Tokyo
- A katana made from metals found in a 4 billion-year-old meteorite. It's called the "The Sword of Heaven".
- What are you building?
- all the good things…having yuzu vegan ramen with @christina.lens and got the baby his first pair of kicks
- From skepticism to popularity: How stereo was first marketed to a skeptical public
Stereo sound was introduced to the audio market in the 1950s and has since become one of the most popular and sought-after formats for music reproduction. However, as is often the case with new technology, stereo sound had many skeptics.Some people thought that stereo sound was just a gimmick to get people to buy new equipment. Others argued that stereo sound didn't really improve the sound of music and that it was just a marketing ploy.
Marketers had to go to great lengths to market stereo technology. In its early days, many potential consumers didn't understand the benefits of stereo sound and didn't see the need to purchase stereo equipment.
Marketers working in this field used various marketing and advertising strategies to draw attention to this technology. For example, they held stereo sound demonstrations at trade shows, organized concerts and film screenings using stereo sound, and produced commercials and brochures explaining the benefits of stereo sound. Thanks to the efforts of marketers, stereo technology has become widespread and is loved by many users.
- Al-Naslaa stone: who could cut it so exactly into two parts in ancient times and why.A stone in Saudi Arabia was once and by someone cut in half so evenly and smoothly, as if it had been laser cut using modern technology using the latest technology.
It is completely incomprehensible how these two stones can maintain their balance for a long time, while not moving at all: the distance between the two blocks remains exactly the same.
The smooth cut is so perfect that it suggests that it was cut by a laser or some very precise modern technology.
True, even in our time, such laser technology has not yet been fully developed and studied. But the stone was cut many hundreds, and possibly thousands of years ago. How could people at that time cut such huge stones and with what tools, it is not clear.
- **Cryptocurrencies and Ecology**
Cryptocurrencies, once a niche market, have now evolved into a global financial phenomenon with significant economic and social implications. As their adoption continues to grow, concerns about the environmental impact of the energy consumption associated with mining these digital assets have come to the forefront of public discourse. The process of mining cryptocurrencies, particularly those based on Proof of Work (PoW) consensus algorithms like Bitcoin, demands an enormous amount of computational power, resulting in substantial energy usage and a substantial carbon footprint. This has led to widespread debate on the long-term sustainability of cryptocurrencies and their role in climate change. In this context, it is crucial to examine the challenges posed by current mining practices and explore potential solutions that can mitigate their environmental impact.
This article aims to provide a comprehensive analysis of the energy consumption issues associated with cryptocurrency mining, as well as present alternative, eco-friendly solutions that can help the industry evolve towards a more sustainable future. By examining the current state of energy consumption in the cryptocurrency mining sector, we hope to raise awareness about the urgent need for a shift towards greener practices. We will also discuss innovative consensus algorithms, such as Proof of Stake (PoS), Delegated Proof of Stake (DPoS), and Practical Byzantine Fault Tolerance (PBFT), which offer more energy-efficient alternatives to the traditional PoW mining method. Furthermore, we will consider the role of renewable energy sources and carbon offsetting in mitigating the environmental impact of cryptocurrency mining, as well as highlight the ongoing efforts within the industry to adopt more sustainable practices.
In the era of rapid technological advancements, it is our collective responsibility to ensure that the growth and development of the cryptocurrency market do not come at the expense of our planet's well-being. By understanding the environmental implications of cryptocurrency mining and exploring viable, eco-friendly alternatives, we can make informed choices that contribute to a more sustainable future for both the cryptocurrency industry and our environment. In this article, we will delve deeper into these pressing issues and examine the potential pathways towards a greener cryptocurrency ecosystem.
Section 1: The Problem of Energy Consumption in Cryptocurrency Mining
The process of mining cryptocurrencies, particularly those based on Proof of Work (PoW) consensus algorithms like Bitcoin, requires a substantial amount of computational power. This power-intensive process leads to significant energy consumption, contributing to an ever-growing carbon footprint. As the demand for cryptocurrencies increases, the energy required for mining also rises, leading to concerns about the long-term sustainability of PoW-based cryptocurrencies.
Section 2: Alternative, Eco-friendly Consensus Algorithms
Proof of Stake (PoS) is a consensus algorithm that offers an energy-efficient alternative to PoW. Rather than relying on computational power, PoS requires validators to hold a certain amount of the cryptocurrency they are verifying. Validators are then chosen at random to create new blocks, based on factors like the amount of currency held and the length of time it has been held. This approach drastically reduces the energy consumption associated with mining, making it a more sustainable option for the cryptocurrency industry.
Other consensus algorithms, such as Delegated Proof of Stake (DPoS) and Practical Byzantine Fault Tolerance (PBFT), also provide eco-friendly alternatives to PoW. Each of these consensus mechanisms prioritizes energy efficiency and sustainability, making them ideal options for a greener future in the cryptocurrency space.
Section 3: The Shift Towards a More Sustainable Cryptocurrency Industry
As the environmental impact of cryptocurrency mining becomes more evident, many projects are making a conscious effort to adopt eco-friendly practices. Ethereum, the second-largest cryptocurrency by market capitalization, is currently transitioning from PoW to PoS through its Ethereum 2.0 upgrade. This shift aims to reduce Ethereum's energy consumption by 99%, making it a more sustainable blockchain platform.
Additionally, new cryptocurrency projects are increasingly prioritizing energy efficiency from the outset. These projects are utilizing PoS or other environmentally friendly consensus algorithms, demonstrating a growing commitment to sustainability in the industry.
Section 4: The Role of Renewable Energy and Carbon Offsetting
Renewable energy sources, such as solar and wind power, can help mitigate the environmental impact of cryptocurrency mining. By utilizing clean energy to power mining operations, the industry can reduce its carbon footprint and work towards a more sustainable future. Some mining facilities are already making this shift, with companies like Greenidge Generation in New York using hydroelectric power for their Bitcoin mining operations.
Carbon offsetting is another approach being adopted by some cryptocurrency projects to neutralize their environmental impact. By purchasing carbon credits, these projects can support initiatives that reduce greenhouse gas emissions, effectively balancing out the emissions generated by their mining activities.
The issue of energy consumption in cryptocurrency mining is a growing concern that requires immediate attention. By embracing eco-friendly consensus algorithms like Proof of Stake and utilizing renewable energy sources, the cryptocurrency industry can work towards a more sustainable future. As the sector continues to evolve, it is vital that all stakeholders prioritize energy efficiency and environmental responsibility in their operations and investments.
Below is a list of resources that examine the ecological impact of cryptocurrencies:
1.The Cambridge Centre for Alternative Finance - Bitcoin Electricity Consumption Index (CBECI): **https://www.cbeci.org/**
2.Digiconomist - Bitcoin Energy Consumption Index: **https://digiconomist.net/bitcoin-energy-consumption**
3.CoinShares - Bitcoin Mining Network Report: **https://coinshares.com/research/bitcoin-mining-network**
4.Journal of Cleaner Production - "Decarbonizing Bitcoin: Law and policy choices for reducing the energy consumption of Blockchain technologies and digital currencies" (Research article): **https://www.sciencedirect.com/science/article/pii/S0959652617317883**
a. Nature Communications - "Renewable energy will not solve Bitcoin's sustainability problem" (Research article): **https://www.nature.com/articles/s41467-021-22256-3**
b. Blockchain for Climate Foundation: **https://blockchainforclimate.org/**
c. Energy Policy - "A cost and benefit, case study analysis of the implementation of a blockchain-based electricity supplier for the cryptocurrency industry" (Research article): **https://www.sciencedirect.com/science/article/pii/S0301421520305552**
These resources cover various aspects of the ecological impact of cryptocurrencies, including energy consumption, carbon emissions, and potential solutions for mitigating their environmental footprint. By exploring these sources, you can gain a deeper understanding of the ecological implications of cryptocurrency mining and the ongoing efforts to address these challenges.
- **Jens Groth, World-Renowned Cryptographer and Principal Researcher at DFINITY, Receives the IACR Test-of-Time Award for the second time.**
“Zero-knowledge proofs allow you to prove a statement is true without revealing anything else but the fact the statement is true,” explains Jens Groth, as he pulls out a deck of cards to illustrate what he means by this. “Let’s say I pick a card, look at it, and tell you it’s a red card. What I tell you could be true or false, and sure, I could show you the card to prove it’s really red, but showing you the card would reveal more than just the fact that the card is, in fact, red.” Groth then spreads out a pile of all the black cards with the red card face down. “Now you know the card is red, but not that it’s the queen of hearts, for example.”
This is how Groth — a leading cryptographer known for revolutionizing the area of zero-knowledge proofs with the invention of practical pairing-based non-interactive zero-knowledge (NIZK) proofs — humbly explains the essence of the research paper he co-authored with Amit Sahai. This very paper, titled *Efficient Non-interactive Proof Systems for Bilinear Groups*, has been used in many research works that followed to develop practical cryptographic schemes and applications, since its publication at Eurocrypt 2008. Today, the International Association for Cryptologic Research (IACR) is crowning the authors with a Test-of-Time award for the lasting impact their proofs have had on public key cryptography.
*“I’m very happy and proud that the Test-of-Time award recognizes this piece of research as an important step in that evolution. I long had an intuition that zero-knowledge proofs hold a lot of potential for applications, but back then the actual use cases were still specialized to specific cryptographic protocols. Now, the whole field of zero-knowledge proofs is blooming, and seeing both research and engineering making a lot of progress in tandem shows how important the general field has become.”*
**How it All Started**
It all started with a love for mathematics but also a desire to work in a field where research can be translated into practical applications. Groth began to attend various cryptography courses during his time at Aarhus University, fully unaware of his luck in being taught by world-class cryptographers like Prof. Peter Landrock and Prof. Ivan Damgaard. He ended up doing a MSc under Prof. Damgaard’s supervision, and later an industrial PhD in collaboration with a company called Cryptomathic, which was developing an e-voting solution at the time.
After completing his PhD, Groth took a postdoc position at UCLA where he met his co-author Amit Sahai. The line of research leading to the Groth-Sahai winning paper got started by wanting to connect the construction of non-interactive zero-knowledge proofs to pairing-based cryptography, which had shown itself versatile in other cryptographic constructions. An initial work with Rafail Ostrovsky and Amit Sahai first showed that you could use pairings to build efficient NIZK proofs that show a Boolean circuit has a satisfying input that makes the circuit output *true*. However, the kind of statements you want to prove in cryptographic protocols are usually not expressed directly as Boolean circuits.
In a later paper, which won the IACR test-of-time award in 2021, Groth demonstrated that it’s possible to give pairing-based NIZK proofs that work directly for the kind of statements that arise naturally in pairing-based cryptography. The downside is that these NIZK proofs are very expensive. Persisting, Groth asked the next logical question: whether there are NIZK proofs that are both efficient and broadly applicable in pairing-based cryptographic protocol design.
Over several grueling months Groth and Sahai managed to continually reduce the complexity of the NIZK proofs to be small in size, and also formulate a general description of statements they can prove that express most of the operations in pairing-based cryptography.
**NIZK Proofs in a Nutshell**
What it comes down to is, this research explores how cryptography enables us to prove statements about digital data in a way that nothing else is revealed but the truth of the statement. Essentially, zero-knowledge proofs allow the prover to demonstrate she/he is acting in accordance with a protocol or an expected behavior without revealing her/his confidential data. There are many possible practical use cases where NIZK proofs would be useful. For example, in an e-voting protocol you may want to prove that an encrypted vote is valid for one of the possible candidates and that it’s not a double vote or a negative vote. Another use case would be in a managed fund, where you may want to prove solvency without revealing the composition of assets.
**Applications**
Whatever the use case, zero-knowledge proofs need to be efficient. Groth-Sahai zero-knowledge proofs are non-interactive, meaning they do not require back-and-forth communication between the prover and verifier. The prover just constructs a proof that can be sent in a single message to the verifier — like showing all the black cards at once. They are also reasonable in size, growing proportionally with the complexity of the statement. Moreover, they can be applied directly to the kind of statements cryptographers usually want to express when they design pairing-based protocols.
The NIZK proof systems that Groth and Sahai constructed are being used in pairing-based cryptographic schemes, such as ring signatures, group signatures, encryption schemes, etc. Often a scheme has several sub-components and NIZK proofs can serve as a sort of glue holding them together by proving that the components are correctly constructed and consistent with each other. There has also been some research on structure-preserving cryptography, a purist way of doing pairing-based cryptography that lends itself particularly well to Groth-Sahai proofs.
Subsequent work by Groth and other researchers in the field have shown that you can get even better efficiency with something that has since been labeled Zero-Knowledge Succinct Non-Interactive Argument of Knowledge (zk-SNARKs). Groth-Sahai proofs work well on small-scale statements, whereas zk-SNARKs are ideal for large-scale statements. SNARKs form the core of several privacy-focused blockchain. They are also the foundation of zk-rollups, which allow people to do off-chain computation and submit the end result to a blockchain together with a succinct NIZK proof that the end result is correct. SNARKs are ideal here as they are compact, which means storage and communication cost is low, and require little computation to verify.
**Groth and the Internet Computer**
While Groth mainly focuses on the security of the Internet Computer Protocol, he has designed some special-purpose zk-SNARKs that the Internet Computer uses in the distributed key generation protocol.
Beyond DFINITY, there are developers in the Internet Computer ecosystem implementing zero-knowledge proofs to the protocol. Jordan Last of Demergent Labs has been a strong advocate of using zkWasm to provide additional guarantees for correct computation of smart contracts on the Internet Computer, and Wyatt Benno from ICME is developing a prototype.
**Groth on Life**
Groth likes to spend his free time doing improvisation theater and playing badminton. And when he’s not thinking about cryptographic proofs and the security of the Internet Computer, Groth fills his mind reading about politics, economics, history, and contemplates the potential positive benefits of things like technological progress on society. While the sophistication of modern society gives us enormous benefits, he recognizes no single human can grasp modern society in its entirety, which he worries can create a democratic deficit. Groth’s hope is that zero-knowledge proofs can help here:
*“Philosophically speaking, SNARKs tell us that the cost of verifying a statement can be much smaller than the complexity of the statement itself. Extrapolating from this concept, even if we cannot grasp all of society, maybe we can verify the things that matter to us. Misinformation, in particular, is a problem where zero-knowledge proofs may be part of the solution.”*
**About Jens Groth**
Jens Groth is a leading cryptographer whose works have been published at the top cryptology conferences ASIACRYPT, EUROCRYPT and CRYPTO over the last decade. His work has revolutionized the area of zero-knowledge proofs with the invention of practical pairing-based non-interactive zero-knowledge proofs, which was recognized early on with the UCLA Chancellor’s Award for Postdoctoral Research in 2007 and now by two IACR Test-of-Time awards.
**About the IACR Test-of-Time Award**
The IACR Test-of-Time Award is an annual award given at the IACR General Conferences (Eurocrypt, Crypto, and Asiacrypt). It recognizes outstanding papers that have had a lasting impact on public key cryptography and were published 15 or more years prior.
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- **Debunking Myths and Unveiling Truths About Cryptocurrencies**
Cryptocurrencies have come a long way since the launch of Bitcoin in 2009. Despite their growing popularity and mainstream adoption, there are still many misconceptions surrounding the world of cryptocurrencies. In this article, we will debunk some of the most common myths about cryptocurrencies and shed light on the facts that explain how they actually work, and why many of these misconceptions are unfounded.
**Myth 1:** Cryptocurrencies are only used for illegal activities Truth: Although it's true that cryptocurrencies have been used for illegal activities, the vast majority of transactions are legitimate. Just like cash, cryptocurrencies can be used for both legal and illegal purposes, but the blockchain technology underlying cryptocurrencies actually provides a higher level of transparency compared to traditional financial systems. Many cryptocurrencies, including Bitcoin, have publicly accessible ledgers that allow anyone to track transactions.
**Myth 2:** Cryptocurrencies have no intrinsic value Truth: Cryptocurrencies derive their value from various factors, such as network security, utility, scarcity, and demand. While it's true that cryptocurrencies are not backed by physical assets like gold or fiat currencies, they have value because people believe in their utility and are willing to use them for transactions. Moreover, the limited supply of many cryptocurrencies, like Bitcoin, creates scarcity, which can drive up their value.
**Myth 3:** Cryptocurrencies are not secure Truth: Cryptocurrencies are built on blockchain technology, which is considered to be highly secure due to its decentralized and tamper-proof nature. While there have been instances of hacks and security breaches, these incidents are often the result of poor security practices by users or centralized exchanges, rather than flaws in the underlying technology. By adopting proper security measures, such as using hardware wallets and two-factor authentication, users can significantly reduce the risk of losing their assets.
**Myth 4:** Cryptocurrencies are bad for the environment Truth: It's true that some cryptocurrencies, like Bitcoin, require significant energy consumption for their mining process, which can have a negative impact on the environment. However, not all cryptocurrencies rely on energy-intensive mining processes. Many newer cryptocurrencies employ alternative consensus mechanisms, such as Proof of Stake (PoS), which are much more energy-efficient. Moreover, the industry is continuously working on innovative solutions to reduce the environmental impact of cryptocurrencies.
**Myth 5:** Cryptocurrencies are too volatile to be used as a store of value or medium of exchange Truth: While cryptocurrencies can be volatile, their use as a store of value or medium of exchange depends on the specific cryptocurrency and the context in which it is used. Some cryptocurrencies, like stablecoins, are designed to maintain a stable value by being pegged to a reserve of assets, making them suitable for use as a medium of exchange. Additionally, many people view cryptocurrencies like Bitcoin as a long-term store of value, similar to gold.
**Myth 6:** Governments can shut down cryptocurrencies Truth: Cryptocurrencies operate on decentralized networks, making it nearly impossible for governments to shut them down entirely. While governments can impose regulations and restrictions on the use of cryptocurrencies, they cannot directly control or eliminate the decentralized networks on which they operate. This is one of the key features that makes cryptocurrencies resilient to censorship and interference.
Understanding the truths about cryptocurrencies is crucial for anyone interested in entering the space or investing in digital assets. By debunking common myths and misconceptions, we can create a more accurate picture of the potential and limitations of cryptocurrencies, and foster a more informed and responsible approach to their use and adoption. As the industry continues to evolve and mature, it is important to stay informed and question the assumptions we have about this rapidly changing landscape.
- T**he second golden era of electrification is coming and with it investment opportunities**
Demand for oil could drop by 30 percent after the introduction of electric vehicles, and by five percent after natural gas
Europe's path to carbon neutrality in 2050 is a $5.3 trillion investment opportunity, according to an analysis by Bloomberg New Energy Finance. Fossil fuel consumption is expected to decrease by 28 percent, largely due to a sharp reduction in the use of coal for power generation.
Demand for oil could drop by 30 percent after the introduction of electric vehicles, and for natural gas by five percent, as it is a key energy source for generating electricity for the grid's base load. Analysts expect wind to be the main source of primary energy, led by offshore wind, along with battery development and hydrogen electrolysis technology.
Experts also expect electricity demand to rise by 82 percent by 2050 as a result of the boom in electric cars, heat pumps and electrified industrial processes. The residential sector, which currently accounts for roughly 30 percent of total electricity consumption, will also gain momentum.
This development also brings great opportunities for investors, who should not miss the biggest transformation of society since the invention of the steam engine, which will abandon the economy based on carbon for the next 250 years. As a result of high electricity prices after the Russian invasion of Ukraine, the growth in sales of energy companies reached a year-on-year growth of up to 49.5 percent.
Investor demand for shares of European energy companies was also strong this year. Their shares are up 6.9 percent this year and an average of 84 percent over the past five years. The most powerful are the shares of Verbund, one of the largest European hydropower companies.
Wind power is expected to dominate the transition, if the cost of electrolysis can be reduced, which would enable large-scale production of green hydrogen. Many still seem to be underestimating solar power, which will grow from about 200 GW of annual capacity in 2022 to about 500 GW in 2026. In many ways, solar power has demonstrated better technological improvements than wind, and is less complicated to build and has smaller maintenance requirements.
- Actors Matthew McConaughey and Woody Harrelson may be paternal brothers
The actors are thinking about conducting a DNA test. According to McConaughey, his family and Harrelson's family are very friendly. Matthew's mother blabbed that she knew Woody's dad "very well" in her youth, and friends can be blood relatives.
- https://snapshot.org/#/stgdao.eth/proposal/0x9b511ccf8bd097176255da63725877de9f80caeea8a28256ff50dfad10a3820d。投票stg
- **Shanghai/Capella Upgrade: ConsenSys to Celebrate the Milestone with NFT Drop**
The Shanghai/Capella upgrade is a milestone in the history of the internet, along with the Merge. This NFT drop is an opportunity to own a piece of technological memorabilia that celebrates this breakthrough.
On September 15, 2022, we took an important step in the progression of the Ethereum roadmap in the shape of the Merge. Ethereum, the world’s largest programmable blockchain, transitioned to the Proof of Stake (PoS) consensus mechanism, reducing the network’s energy consumption by 99.99%, among other major implications.
ConsenSys celebrated this historic moment with Regenesis, a collection of art NFTs (non-fungible tokens) that were a testament to the capability of decentralized software development. The collection comprised two sets of NFTs. The first was a set of commemorative NFTs that ConsenSys presented to the Ethereum Core Developers (Core Devs), researchers, and client teams as a token of our gratitude for the work they put in to build an Ethereum that was more sustainable, more secure, and more scalable.
The second set of NFTs in the collection was an open edition NFT of Regenesis that anyone with a web3 wallet could mint. Regenesis was forever tied to the birth of PoS Ethereum, as it holds one of the first NFTs that was minted on Block 1. The open edition NFT was also one of the most distributed NFT drops in the history of Ethereum, with 327,600 mints.
Now, as we are nearing another milestone in the Ethereum roadmap, the Shanghai/Capella upgrade, ConsenSys is back with another NFT collection. We are inviting web3 enthusiasts from all over the world to participate in this landmark technological achievement by claiming an NFT here.
The Shanghai/Capella upgrade is a technological milestone on the Ethereum roadmap that will simultaneously upgrade the blockchain’s execution and consensus layers to enable staked ETH withdrawals. The activation of withdrawals will reduce barriers to entry for retail and institutional stakers—encouraging increased participation, and precipitating further decentralization and security of the Ethereum network. It will also put a spotlight on the competitiveness of staking-as-a-service offerings, performance, and fees—likely driving further innovation within the sector. To dive deeper into what the Shanghai/Capella upgrade means for stakers and the web3 ecosystem, read our Ultimate Guide to ETH Staking Withdrawals.
**Ethereum, Evolved: Shanghai**
The latest NFT collection is called ***Ethereum, Evolved: Shanghai,*** and like Regenesis, it has two editions. The first, commemorative edition consists of an art NFT depicting the themes of liquidity and security. By removing the barriers to access staked ETH, liquidity in the system will increase and invite greater participation in staking globally, which will improve network security. To thank all the Core Devs and contributors, ConsenSys will airdrop these commemorative NFTs to the Ethereum Core Devs on April 13th, the day after the Shanghai / Capella Upgrade goes live.
The second, open edition is an NFT depicting the theme of decentralization, a benefit of the Shanghai/Capella upgrade. By encouraging participation of larger numbers of validators, the Shanghai/Capella upgrade improves the network’s security by increasing decentralization.
Alongside the Merge, the Shanghai/Capella upgrade is not just a moment for crypto insiders, it is a milestone in the history of the internet. This is an opportunity to own a piece of technological memorabilia that celebrates this breakthrough.
**The NFT claim window will open on 12 April 2023 at 9pm EST. It will remain open for 72 hours.**
You will be able to mint the open edition for free (excluding gas fees) if you own a MetaMask wallet. If you don’t have a MetaMask wallet yet, visit MetaMask.io to download and install it and follow our guide to fund it.
**Frequently Asked Questions**
Here’s everything you need to know about the NFT drop:
**Is this NFT free?**
Yes, this NFT is free; anyone can mint as many as possible via individual transactions. The only cost incurred will be from paying gas fees for every mint. These gas fees can vary significantly based on activity on Ethereum mainnet.
**What is gas?**
Essentially a transaction fee paid to secure the Ethereum network, gas is the unit of measure for how much computational work is required to process transactions and smart contracts. To learn more about gas, read this user guide.
**How can I claim the NFT?**
Connect your MetaMask wallet
On the day of the Shanghai/Capella Upgrade (April 12, 2023), a link to claim the NFT will be posted on the Shanghai/Capella hub, and this will lead you to the claim page where you will be asked to connect your MetaMask wallet.
Don’t have a MetaMask wallet?
You can easily download and install MetaMask and follow the instructions to get set up.
Buy Ethereum and add it to your wallet
In order to pay the gas fee to mint your NFT, you will need to have ETH in your MetaMask wallet. You can easily buy Ethereum directly from MetaMask by following these instructions.
**How long do I have to claim it?**
The claim window will start on the day of the Shanghai/Capella Upgrade, on April 12th at 9pm EST, and will remain open for 72 hours.
**You reference multiple editions, are there other NFTs coming?**
As part of ConsenSys’ celebration of the Shanghai/Capella Upgrade, we’ll airdrop the a commemorative edition to members of the Protocol Guild (aka the collective of 130 Ethereum core protocol contributors) as a small token of our appreciation for the years of decentralized coordination and effort making the Shanghai/Capella Upgrade a reality.
These limited edition NFTs were created specifically for this team and will include the team members’ names embedded in the metadata on some of the first blocks of the PoS Ethereum they helped create.
**How many open edition NFTs can I claim?**
You may claim as many open edition NFTs as you want while the claim window is open, but can only mint one NFT at a time.
**What is the utility?**
This collection is, first and foremost, a set of artistic works celebrating an important technological milestone that we believe will be looked back on as a watershed moment in web3’s evolution.
The open edition art explores the significance of the Shanghai/Capella Upgrade, and its activation of staked ETH withdrawals. As a piece of technological memorabilia, this NFT collection’s utility solely comes from proving that you were there to celebrate this key milestone in the history of web3.
**Who made these NFTs?**
ConsenSys partnered with artist Marcel Deneuve to design the pair of illustrations.
**What do they represent?**
The pair of illustrations explore key themes of the Shanghai/Capella upgrade: decentralization, security, and liquidity.
**Why should I care?**
The Shanghai/Capella upgrade is a technological milestone on the Ethereum roadmap that will simultaneously upgrade the blockchain’s execution and consensus layers to enable staked ETH withdrawals. The activation of withdrawals will reduce barriers to entry for retail and institutional stakers—encouraging increased participation, and precipitating further decentralization and security of the Ethereum network. It will also put a spotlight on the competitiveness of staking-as-a-service offerings, performance, and fees—likely driving further innovation within the sector.
Alongside the Merge, the Shanghai/Capella upgrade is not just a moment for crypto insiders, it is a milestone in the history of the internet. This is an opportunity to own a piece of technological memorabilia proving that you were there to witness and celebrate this breakthrough.
**Who is ConsenSys and what do they have to do with the Merge?**
Founded in 2014, ConsenSys has cultivated a global presence, employing top entrepreneurs, computer scientists, protocol engineers, software developers, and web3 futurists. As one of the largest and most foundational entities in the blockchain technology space, ConsenSys’ worldwide Mesh of people, projects and companies is building the blockchain industry’s developer tools, decentralized applications, and solutions for enterprises and governments that are determined to harness the power of Ethereum.
ConsenSys believes deeply in the Ethereum project and has assembled a Protocols and R+D team to help drive core development work. Protocol engineers, client teams and applied researchers on four continents have contributed to Ethereum’s decentralized R&D led by the Ethereum Foundation.
Over the past two years these teams have quietly driven the roadmap for many of the Ethereum blockchain’s most significant elements:
Proposing a Beacon Chain spec and formally verifying both the Eth2 spec and its corresponding Deposit Smart Contract
Designing Validator Withdrawal mechanisms
Helping to shape both EIP 1559 and the Engine API
Developing an institutional grade Eth2 staking client (Teku), execution layer client (Hyperledger Besu) and remote signer (Web3Signer) all while participating in critical testnets and regular implementers calls.
The team has also helped enable the web3 community to participate in staking by:
Developing MetaMask, the leading web3 wallet empowering users to self-custody their crypto and manage their stakes
Building an ETH staking platform that offers a secure, reliable, and performant service
Our commitment to decentralization and Ethereum is bone deep and we will continue to contribute our people, products and resources to support its evolution.
Having trouble claiming your NFT and can’t find the answer on this page?
Chat to our live support team.
- Have you ever seen such a thing? 🫣A CS:GO player took out the entire opposing team with one shot 🔥https://www.youtube.com/watch?v=Z899M4v2NL8
- Have you ever seen such a thing? 🫣A CS:GO player took out the entire opposing team with one shot 🔥 AWP 5k - 1 bullet - YouTube
- Directory. It will be held on Oct 5 -6, 2023 at Fuar Merkezi Istanbul,
World Trade Center.
- FTX named the reasons for the bankruptcy of the crypto exchangeThe former management of the bankrupt exchange had no experience in risk management and business conduct and did not "show interest" in implementing proper systems of control and protection of crypto assets on the platform
FTX managers have released the first report on the reasons for the collapse of the exchange. Five months after filing for bankruptcy, the new management of the group of bankrupt companies revealed the results of their investigation into errors and abuses in the management of the exchange and the disposal of assets by former FTX top managers.
The FTX Group was under the strict control of a small group of individuals who falsely claimed to manage companies responsibly, but in fact showed little interest in implementing proper business controls on the platform, said John Ray, CEO of the exchange and director of restructuring of the FTX group.
According to the document, the former head of FTX, Sam Bankman-Fried, had the final decisive word in all major issues related to the activities of the exchange and related companies, including Alameda Research. The co-founders of the platform, Nidash Singh and Gary Wang, were also involved in decision-making, but mostly always supported the opinion of Bankman-Fried. The report emphasizes that these three people, who recently graduated from college and had no experience in risk management or business management, controlled almost all significant aspects of the FTX group of companies.
Transactions with digital assets were reflected in the accounting of the exchange using the general entry "investments in cryptocurrency", but there were no details showing what these cryptocurrency investments actually consisted of, according to the managers' report. About 80 thousand transactions were simply left as unprocessed accounting entries on shared accounts called "Ask my Accountant".
In addition, the FTX group of companies stored almost all crypto assets in "hot" wallets, which exposed the funds to an increased risk of compromise, since the "hot" wallets are connected to the Internet, which makes their keys vulnerable to hacking, malware and other cybersecurity threats. The document notes that Bankman-Fried repeatedly falsely claimed that the exchange uses "cold" wallets (offline storage).
The managers also draw attention to the fact that in July 2019, Singh changed the FTX code in order to be able to withdraw an unlimited number of crypto assets from the exchange to Alameda, and then made changes that exempt Alameda's positions from automatic liquidation.
Currently, lenders have restored access to digital assets worth about null.4 billion. Another null.7 billion has been discovered and they are trying to recover it.
FTX's total liabilities amount to about $11.6 billion. However, at the beginning of March, it was noted that most of the cryptocurrencies that the managers restored were illiquid assets, the value of which fell significantly after the collapse of the exchange.
Singh and Wang, as well as the former head of Alameda Research, Caroline Ellison, have pleaded guilty to fraud and are cooperating with US law enforcement agencies. Bankman-Fried has pleaded not guilty to any charges and is under house arrest pending a court hearing scheduled for October 2, 2023.
- The most useful spring fruits and berries are named
A sports nutritionist and nutritionist told which fruits and berries should be preferred in the spring, among them: apples, oranges and avocados.
As for berries: cherries, strawberries and strawberries.
- The US Congressman accused the head of the SEC of obstructing the development of the crypto industryU.S. House Republican Majority Leader Tom Emmer criticized SEC Chairman Gary Gensler's approach to digital asset oversight on the Unchained podcast.
“In my opinion, this person is an unscrupulous regulator. He blindly sprinkles enforcement action in the crypto community, completely missing the really bad actors, ”Emmer said.
The politician cited the example of the American bitcoin exchange Coinbase, which "actively tried to work with the SEC," but in March received a notification from the agency about the investigation. After that, the head of the platform, Brian Armstrong, called the regulator's approach disastrous for the US financial sector.
“This is clearly not how the government should serve Americans. And I’m sure this is a clear signal to the wider crypto community,” Emmer added.
In April 2021, the US Senate approved Gary Gensler, nominated by US President Joe Biden, to head the SEC. Then he spoke positively about blockchain and bitcoin, calling the latter a “catalyst for change.” Gensler promised, if approved, to work on "promoting innovation."
Recall that in November 2022, Emmer criticized the head of the SEC for failing to oversee the crypto industry, which led to the collapse of FTX.
- Do you ever have days when you feel like eating junk food like hamburgers and fries without any reason? 👀
Cheers to junk food!!! 🍟🍔
#photo #junkfood
- Check your DSCVR wallets on Monday, April 10...
500 active users will be receiving Nyan Nyan Cats!
Don't miss the @nyannyanstudio launch on
@YumiMarketplace 🔥👀
- **Dscvr has a tipping system if you don't know, there is a cloud button below this my post, if you want to tip any post and you have $ckbtc tap the post and press on how many Satoshi's you want to send and the minimum is 50 satoshi which is 0.000001 Bitcoin, this feature helps us to reward posts that you like further by just not upvoting them but tipping the post. We are still early, This is just the beginning and I'm sure of it**
#ckBTC
- Researchers have developed a new energy-saving paint that repels heat, is available in any color and should last for centuries. It is also the lightest paint created to date.The team calls it "plasmonic paint."
They calculate that it would only take 1.4 kg (3 pounds) of plasmonic paint to cover a Boeing 747 - you would need at least 454 kg (1,000 pounds) of conventional commercial paint to do the same.
This paint, is not made from pigment. Instead, the color is created structurally through the arrangement of nanoparticles
The structural color is what makes the paint so light - at only 150 nanometers thick, the paint achieves full coloration, making it the lightest paint ever.
One of the main motivations for bringing this paint to market is that it can also help keep structures cooler: the Plasmonic paint structure reflects the entire infrared spectrum, so less heat is absorbed.
https://www.sciencealert.com/scientists-create-worlds-lightest-paint-just-3-pounds-covers-a-boeing-747
- SEC Will Teach Crypto Literacy to Investors
SEC announced about the launch of free educational courses on cryptocurrency for pensioners, retired military, financially illiterate people and students.
In addition, during the month, employees of the department will hold seminars and lectures in educational institutions throughout the country.
- while we wait for Dscvr update, relax and drink water. Water has no enemy 💪🏾
- **Morning Brief - 03 April 2023**
1. Oil started the new week of trading with a wide price gap after OPEC countries announced voluntary production cuts at the weekend.
2. OPEC countries have pledged to cut daily production by more than 1 million barrels, with Saudi Arabia responsible for more than half a million barrels.
3. Brent and WTI have erased some of their gains but are still trading around 5% higher than yesterday
4. The production cut came as a surprise as media reports before the weekend suggested that the OPEC+ JMMC was likely to recommend keeping output unchanged at today's meeting
5. Asia-Pacific indices traded mixed today, with the Nikkei and S&P/ASX 200 each up 0.5%, while the Kospi fell 0.2% and the Nifty 50 traded 0.1% lower. Indices from China traded as much as 1.2% higher
6. European and US index futures are trading slightly below Friday's cash closing prices.
7. Goldman Sachs updated oil price forecasts following surprise OPEC production cut. The bank now expects Brent crude to reach $95 per barrel in December 2023 (previously $90) and $100 per barrel in December 2024 (previously $97).
8. The ECB's De Guindos said that while the eurozone's headline consumer price index is likely to fall this year, core inflation is likely to remain firm. ECB members said that the European banking sector is robust and that there is sufficient liquidity
9. The Fed's Waller said recent data show that inflation can be reduced without harming the labor market
10. China's Caixin PMI fell to 50.0 from 51.6 in March (51.7 expected).
11. Australian building permits rose 4.0% m/m in February (est. -2.6% m/m)
12. Cryptocurrencies are traded below. Bitcoin is down 1%, Ethereum is trading 0.4% lower, while Dogecoin and Ripple are down 1.8%.
13. Precious metals are retreating amid a strengthening USD, with gold and platinum trading 0.9-1.0% lower, while silver is down nearly 2%.
14. The USD and JPY are the top performing majors, while the NZD and EUR are the biggest laggards
- What are your favorite Lens UIs? I want to try all of them
- I'm saying my piece in the #futureofsocial by signing the @t2world.lens manifesto. Which values do you support?
https://manifesto-app.t2.world/share/clfzbxvpx7363491fmcpihe3gcg
- Selecting your audience on @wav3s.lens
- Last Mile DeFi, the 10-part podcast I've been working where we explore the frontiers of DeFi in Latin America, has been such a blast to produce and share with the world. Really appreciate the kind words and support you've all given me over the course of the last few weeks and excited to continue to see grow in the future.
I've noticed that there's been a ton of education and value that people have gotten from the podcast, and I'm grateful to tell the stories of incredible builders throughout Latin America that are truly bringing about systemic change through peer-to-peer financing.
I've also been thinking about where things go next for me and the content I've been producing. I'd like to continue sharing the stories of amazing builders passionate about leveraging technological and cultural innovation to usher in the (r)evolution for more just and prosperous futures. By that said, I'd like to understand if this might be something that you'd all be interested in continuing to engage with and learning through. I'm thinking of expanding the content past Latin America and DeFi and rather exploring some themes regarding: Network States, ReFi, Funding, Decentralized Social, Identity, Scalability, and beyond. The podcast will likely go through a rebrand as well, so I'll keep you posted on that front.
Some questions for you:
What additional content would you like to see? What emphasis should we explore? Who do you think fits the bill for the next evolution of the podcast? Who would you like to see on the podcast for season 2?
(P.s. doing another art airdrop for the first 6942 followers on Lens, so let's connect before the next wave comes in!)
- LensPort redesign and new features! 🚨
A new version of LensPort just released with:
1. Updated design and UI (more coming soon too)
2. Optimistic posting
3. Collection Offers
4. Buy Floor button
Stay tuned for some even more exciting announcements coming soon 👀
- Dear Lens fam, what is the Future of Social for you?
At t2, we believe the future social networks should revolve around our values, not just what grabs our attention. We want to foster meaningful connections with others, share what helps us achieve our goals, and enjoy articles that empower us.
We have witnessed how the Lens community celebrates genuine creativity and friendship. We believe our values and mission align closely with those of the Lens community. So, we are excited to bring a new type of writing and reading platform to @lensprotocol, starting with our manifesto. manifesto.t2.world
⏳ If you are on board with this vision, **sign the Manifesto** with your value propositions and complete all steps. You will receive a personalised card to showcase your values and **early access to the t2 alpha product**.
**If you are a writer, follow us and comment below with your favourite piece of writing by you. We will follow back!**
- I can't believe Justin Timberlake actually said this in the movie
- Tune in next week! 🏏
[Phaver 🦄 on Twitter](https://twitter.com/phaverapp/status/1641798524864978947)
“Just in time for the @IPL sports league we have an AMA discussion with @colexionNFT 🏆
They're changing things up in the fantasy sports gaming world with @0xPolygon NFTs 🤝
@Galxe OAT token claimable for attendees 🎉
See you there 👇
https://t.co/XwZlSDqDcX”
- Aave and Lens🤓
@stani
- White Rabbit
- Came for the job update, stayed for the glow up
#bytes
- Buttrfly Roast
going down the web3 social rabbit hole roasting them all 🔥 here comes the roast of @buttrfly.lens
Should we start roasting the @farcaster.lens ecosystem next???
Only 5 of these roasts will ever be collectable.
- **Terra’s branding at MLB opener draws attention from spectators**
https://www.investing.com/news/cryptocurrency-news/terras-branding-at-mlb-opener-draws-attention-from-spectators-3046943
As baseball enthusiasts flocked to Nationals Park in Washington D.C for the Major League Baseball (MLB) opening day, the presence of Terra (LUNA) – the crypto ecosystem that collapsed in May 2022 – didn’t go unnoticed by attendees.
A Twitter user who attended The Washington Nationals’ home opener against the Atlanta Braves on March 30, shared an image of Terra being prominently displayed on a banner with the slogan “a decentralized economy needs decentralized money.”
- **Terra’s branding at MLB opener draws attention from spectators**
https://www.investing.com/news/cryptocurrency-news/terras-branding-at-mlb-opener-draws-attention-from-spectators-3046943
As baseball enthusiasts flocked to Nationals Park in Washington D.C for the Major League Baseball (MLB) opening day, the presence of Terra (LUNA) – the crypto ecosystem that collapsed in May 2022 – didn’t go unnoticed by attendees.
A Twitter user who attended The Washington Nationals’ home opener against the Atlanta Braves on March 30, shared an image of Terra being prominently displayed on a banner with the slogan “a decentralized economy needs decentralized money.”
- https://snapshot.org/#/arbitrumfoundation.eth/proposal/0x3be7368a662d1cf12fa4da768d626edbc013be0dc7b994fef2e24d9a54e4033a ARB治理
- Collect the first ever Ziggy Ziggy snippet for free 💫
This blissed-out track comes from Beachcrimes - a dance duo and former songwriters for Chainsmokers and Halsey.
BONUS: We'll randomly select one collector to airdrop a full version of the track when it drops on Sound.xyz. Follow us for more snippets soon!
- Are you ready to free the bird, degen??
Presenting Twitter Passport by Proof-of-Talent – your on-chain reputation to jump to web3 social 📯🚀
Proof-of-Talent represents your decentralized professional identity. Twitter Passport stores your social media reputation on-chain – own it as an NFT 🤝
In other words, we help you stop paying the rocket man and jump 100% to decentralized social instead 🚀
Mint your passport 👉 https://kleoverse.com/badge/identity/twitter-passport
We're partnering with your favorite app Phaver to celebrate the launch 🦄 Say byebye to birdie and claim the special Galxe OAT 👇
🐦 Mint Twitter Passport by Sunday midnight GMT
👋 #BYEBYEBIRDIE role at Phaver Guild
📯 RT the launch thread
Claim the badge now and join the revolution, fren 🦄📯👇
https://galxe.com/kleoverse/campaign/GCHzqUVRD7
[Badge: Twitter Passport](https://kleoverse.com/identity/twitter-passport)
Prove your Twitter account ownership by claiming this badge
- meme on lens
@stani @gotenks @memester @nader
#meme #rollup
- The Colossus of Rhodes is a legendary ancient statue that was built on the Greek island of Rhodes in 280 BC. The statue was built to celebrate the island's victory over an invading army and was one of the Seven Wonders of the Ancient World. The statue was destroyed in an earthquake in 226 BC and was never rebuilt, but its legacy lives on.
The statue was designed by the Greek sculptor Chares of Lindos, who spent 12 years building it. The statue was made of bronze and stood over 100 feet tall. It depicted the Greek sun god Helios, and was located at the entrance to the harbor of Rhodes.
The statue was an engineering marvel for its time, with its legs straddling the harbor entrance and its arms raised in triumph. It was said that ships could sail between the legs of the statue. However, the statue was not without its flaws. According to ancient sources, the statue was so large that it could not support its own weight and had to be braced with stone and iron.
Despite its flaws, the Colossus of Rhodes was a symbol of Greek ingenuity and engineering prowess. It stood for over 50 years before it was destroyed in an earthquake in 226 BC. According to legend, the statue fell to the ground and lay there for centuries, becoming a popular tourist attraction. However, this story is likely apocryphal, as there is no evidence that the statue lay on the ground after the earthquake.
The Colossus of Rhodes has inspired many works of art and literature over the centuries. It has been depicted in paintings, sculptures, and even video games. The statue has also inspired the creation of other colossal statues, such as the Statue of Liberty in New York Harbor.
Today, there are few physical remains of the Colossus of Rhodes. Some fragments of the statue have been found, but they are not significant enough to provide a complete picture of what the statue looked like. However, the legacy of the Colossus of Rhodes lives on, and it continues to inspire people around the world.