Joey Hofmeister

A brief breakdown of Ethereum 2.0

The long-awaited merge to Ethereum 2.0 is slowly happening, but why is Ethereum merging and what else is happening aside from just the merge to proof of stake? The Issue Blockchains Currently Face There are three properties which every blockchain possesses: decentralization, scalability, and security. The issue that blockchains face is the ‘Blockchain trilemma’ which […]

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Smart Contracts explained

Smart Contracts have become a frequently recurring topic in cryptocurrency over the past year, especially on the Ethereum blockchain. Smart contracts are not just a cog in the machine of some blockchains, but rather an entire entity of technology in and of itself. What is a Smart Contract? While often associated with blockchain, smart contracts were

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A lawsuit filed against Celsius Alleges that it was a “Ponzi scheme”

Celsius can’t seem to escape the news cycle as the former head of its key investment strategy has alleged in a lawsuit that the company was operating as a “Ponzi scheme”. The CEO of KeyFi, a decentralized finance investment business and former partner with Celsius, Jason Stone, stated that Celsius engaged in reckless mismanagement causing huge liabilities

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Breaking down the new bipartisan crypto bill proposed by senators Lummis and Gillibrand

Senators Lummis and Gillibrand have introduced a bipartisan crypto regulation bill to congress, called the ‘Lummis-Gillibrand Responsible Financial Innovation Act.’ This New 67-page bill covers everything from clarifying definitions to consumer protection, to implementing clear tax guidelines. The outstanding kicker in this bill according to a summary released on Tuesday is that it actually puts the Commodity

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