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Murad’s Crypto Forecast: One More Year of Bullish Turbulence

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Murad, a well-known crypto investor with over a decade of experience in the space, recently shared some reflections on the state of the market and his strategy for the next phase of the current bull run. With the crypto world often seen as volatile and unpredictable, Murad’s insights offer a grounded perspective on what lies ahead.

Reflecting on his ten years in crypto, Murad explains that one of the most important lessons he’s learned is the difficulty of trying to juggle multiple roles within the same market cycle. “You are either going to be a swing trader or a scalper, or you are going to be an investor and a believer,” he says. “It’s very difficult to do both, especially in the same category.”

This understanding led him to make a conscious decision in the spring of 2024. “This cycle, I am going to be a believer. I am going to be a holder and investor,” he states. Murad’s shift in approach marks a departure from short-term trading strategies in favour of a more patient, long-term outlook. His goal is clear: to ride out the waves of the market while positioning himself for what he believes will be significant gains over the next year.

Murad’s focus now is on identifying projects with long-term potential, rather than trying to chase every fleeting trend. “My purpose and my goal is to find and ride the next Doge. It’s not to find all the little quarterly or monthly trades,” he explains. For Murad, success lies in finding those projects with lasting value that can grow into giant winners—projects that have the potential to scale into massive market players in 2025.

He acknowledges that while short-term trades can be tempting, they don’t align with his current strategy. Instead, Murad is honing in on his existing positions, looking for ways to nurture and grow those investments. “I’m not interested in trading and rotating into the flavour of the week,” he says. “How can I build my existing positions into these 20, 50 billion dollar runners?” This shift towards building and holding positions is part of a broader strategy to capitalise on the long-term growth of projects he believes in.

Murad also brings an interesting perspective to the emotional and community-driven aspects of the crypto market. “If you actually study what cults are, what the product that they offer is safety—it’s emotional safety, a new third space, a digital space for people to find sort of brotherhood or sisterhood online,” he explains. In his view, the appeal of crypto goes beyond financial gain; it’s about providing a sense of belonging and purpose. “It’s to feel like they belong, to feel like they have a sense of purpose, at least a little bit more,” he adds. This emotional connection, he believes, is part of what drives the adoption and success of many crypto projects.

Looking ahead, Murad has his sights set on the next phase of the bull run, which he predicts will continue for at least another year. “If this cycle plays similarly to previous ones, and the past three cycles were almost exactly four years long to the day, then right now we are done with 3 years and roughly we have one year to go,” he observes. For Murad, the next 12 months will be crucial in determining the future trajectory of the market, and he’s positioning himself for the opportunities he believes will arise.

With the crypto market remaining unpredictable, Murad’s decision to focus on long-term growth over short-term trades offers a unique viewpoint on navigating the ongoing bull run. His belief in the potential of certain projects, coupled with his patient approach to building wealth, has made him one of the more notable voices in the space. As the market continues to evolve, Murad’s strategy will be one to watch—especially as he positions himself to capitalise on what he anticipates will be a year of significant growth in 2025.

ICRC-107: Shaping the Future of Fee Collection on ICP

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A new initiative is underway that could reshape how fees are collected on the Internet Computer ecosystem. The proposal, known as ICRC-107, is set to formalise the mechanisms for fee collection on ICRC-compliant ledgers. Though it hasn’t been launched yet, the idea is generating significant buzz as it promises to offer a more flexible, scalable, and consistent approach to fee management.

The crux of ICRC-107 lies in its potential to streamline and simplify how fees are handled in the ICP ecosystem. The proposal seeks to establish a formal standard that will help standardise the fee collection process, making it easier for developers and ledger controllers to manage their token ecosystems. The vision behind ICRC-107 is to provide a solution that allows for a uniform and manageable way of handling fees, all while ensuring backward compatibility with existing ledger implementations.

One of the core aims of ICRC-107 is to create a fee collection framework that allows developers to easily implement the new standard without disrupting their current systems. It’s easy to see why this is so important. Many developers within the ecosystem have already deployed ledgers, such as ckBTC, and introducing a new fee collection standard shouldn’t mean they need to abandon or significantly alter what they’ve already built. ICRC-107 aims to resolve this potential issue by introducing changes incrementally and without the need for extensive migrations or rewrites of existing systems.

Flexibility is another key feature of ICRC-107. The proposal envisions allowing ledger controllers to decide how fees are managed for different types of transactions, such as transfers and approvals. By giving these controllers the ability to specify whether fees should be collected or burned for each transaction type, ICRC-107 would offer more control over fee collection and allocation. This flexibility could help developers better optimise their token ecosystems and balance the needs of their projects with the broader requirements of the Internet Computer ecosystem.

One exciting aspect of ICRC-107 is that it’s designed to be flexible enough to adapt to the unique needs of various projects. By offering a way to toggle between fee collection and fee burning for specific transaction types, it could help foster greater resource efficiency and offer ledger controllers more options for managing their tokens. This level of control could prove valuable as the ecosystem evolves, enabling developers to tailor their fee collection policies to the specific demands of their use cases.

As the draft proposal currently stands, one of its most compelling features is its backward compatibility. This approach ensures that the new fee collection standard will not interfere with the operation of existing ledgers or disrupt the services that are already in place. For developers who have already deployed their systems, this is a huge advantage, as they won’t be required to undertake major revisions just to implement the new standard. Instead, they can continue to operate as normal while incorporating new capabilities when they’re ready. This makes the transition to the new standard less daunting, providing a smooth upgrade path without the risks associated with overhauling existing systems.

ICRC-107 also recognises the importance of fee management flexibility in decentralised systems. The proposal’s ability to allow ledger controllers to adjust their fee collection policies based on transaction types, combined with the option to revert to fee burning, presents a wide array of possibilities. Developers would have greater freedom to define how tokens should behave, giving them more control over their project’s financial dynamics. This is particularly beneficial for projects that may have varying fee structures depending on the transaction type or desired outcome.

The potential benefits of ICRC-107 are clear, but as of now, the proposal is still in the feedback-gathering stage. The next step for the team behind ICRC-107 is to refine the proposal further based on input from the community. The success of the standard will depend on how well it meets the needs of developers and ledger controllers across the Internet Computer ecosystem. As the proposal is discussed and refined, it’s expected that new ideas and suggestions will help shape it into a more robust solution.

Feedback is crucial to ensuring that ICRC-107 delivers on its promise to streamline and simplify fee collection on ICRC-compliant ledgers. By engaging with the community, the team hopes to make the proposal as comprehensive and adaptable as possible. Those with thoughts on the draft are encouraged to share their feedback via the official communication channels, which will help fine-tune the proposal to ensure it works for a wide range of use cases.

While ICRC-107 is still in its early stages, it’s already clear that the standard has the potential to make a significant impact on the way fees are collected and managed on ICP-based ledgers. By creating a more flexible and manageable framework for fee collection, the proposal could help streamline processes for developers and make it easier for new projects to emerge and thrive within the ecosystem.

The proposal’s focus on backward compatibility and flexibility is particularly promising, as it ensures that the Internet Computer ecosystem can continue to grow without requiring developers to make costly or complex changes to their existing systems. As the ecosystem continues to evolve, ICRC-107 could become an essential part of the infrastructure that allows projects to grow and scale without the burden of overly complex or restrictive fee collection processes.

While the proposal is still in development, ICRC-107’s potential for reshaping the way fee collection is handled in the ICP ecosystem is significant. As the standard is refined and implemented, it could pave the way for more efficient, flexible, and scalable token management systems, benefiting both developers and users alike. With the community’s input, ICRC-107 could ultimately become a key building block in the continued success and expansion of the Internet Computer ecosystem.

For now, the future of ICRC-107 remains in the hands of the community. The feedback provided will be essential in determining whether the proposal will be able to meet the needs of developers and token controllers while maintaining the flexibility and scalability that the ecosystem demands. Whether or not ICRC-107 becomes the new standard for fee collection on ICP-compliant ledgers, it’s clear that the initiative has sparked important discussions that could shape the future of the Internet Computer ecosystem.

As the proposal progresses, the feedback gathered will continue to refine and perfect the standard, ultimately paving the way for a more streamlined and effective fee collection system on the Internet Computer. The community’s involvement will be crucial in ensuring that ICRC-107 meets the needs of all stakeholders while supporting the continued growth of the ecosystem.

ICP.Exchange: Leverage, Tokens, and the Future of the Internet Computer

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ICPSwap has just made a significant move  with the launch of ICP.Exchange, a new leveraged trading platform within the Internet Computer ecosystem. This fresh tool aims to transform how users engage with the platform, providing a faster, more dynamic, and potentially more rewarding experience. It marks a key milestone for the team and offers traders something entirely new—bringing an exciting opportunity for exploration.

After months of development and thorough testing, the alpha version is officially live, ready for traders to dive in and see what it offers. With a focus on delivering flexibility and user-friendliness, the platform is expected to provide a robust environment for leveraged trading within the Internet Computer ecosystem.

Getting started with ICP.Exchange is a straightforward process. To access the platform, users can visit https://icp.exchange and log in using their Internet Identity (II). Following this, they can claim test tokens from the platform’s faucet, which will provide the necessary TUSDC (Tokenized USD Coin) for trading. After depositing the TUSDC into their account, they can begin exploring the world of leveraged trading on the Internet Computer.

While the alpha release is intended for testing, it offers a sneak peek into what could become a vital tool for the community. The ICPSwap team is eager to hear users’ feedback and insights during this phase, as it plays a crucial role in refining the platform for a full launch. Gathering input from the community is key to ensuring the platform is user-friendly and meets the needs of traders.

The next phase for ICPSwap will focus on gathering as much feedback as possible and addressing any issues users encounter during testing. This input will directly influence the development of the platform, ensuring that it’s ready to offer a seamless experience when fully launched. Users interested in contributing their thoughts can join the official Telegram group or send feedback via email, making this an exciting opportunity to directly impact the platform’s future.

But what does this platform mean for the future of ICP and leveraged trading? It’s a bold initiative, and the first of its kind within the ecosystem. Leveraged trading is already a common feature in many crypto platforms, but bringing it to the Internet Computer adds a unique touch. The platform is designed to integrate smoothly with other decentralized applications (dApps) within the ecosystem, allowing users to explore multiple services without leaving the platform.

The launch of ICP.Exchange could have far-reaching effects on the broader Internet Computer ecosystem. Leveraged trading offers a new way for traders to engage with ICP, potentially drawing in users who are familiar with traditional exchanges but are looking for something more innovative and decentralised. With more traders using the platform, it could increase liquidity and contribute to the overall growth of the ecosystem.

But this is just the beginning. The ICPSwap team has plans to expand the platform beyond its initial offering. There are hints of even more features on the horizon, with the team looking to introduce additional tools and capabilities to reshape the way people interact with the Internet Computer. The platform’s development is just starting, and with more features on the way, it’s clear that there’s a lot more to look forward to.

As the alpha phase progresses, user feedback will continue to play a central role in shaping the final version of ICP.Exchange. The more users interact with the platform, the more the team will learn about its strengths and areas for improvement. This continuous feedback loop is essential for fine-tuning the platform and ensuring it’s ready to meet the needs of traders once it’s fully launched.

For now, the focus is on exploration and experimentation. The alpha release offers a chance for traders to engage with the platform without the pressure of real-world stakes. It’s an opportunity to get familiar with how leveraged trading works within the Internet Computer ecosystem and experiment with new strategies. Even those new to leveraged trading can use this time to learn and practice without any risk to real funds.

Looking ahead, the success of ICP.Exchange could inspire even more innovations within the Internet Computer ecosystem. If leveraged trading proves to be popular and effective, it could lead to more projects adopting similar strategies, creating a wider array of DeFi products and services within the platform.

For now, ICPSwap is focusing on fine-tuning its offering and ensuring that the platform meets the high expectations users have come to expect. While there will undoubtedly be challenges during the testing phase, the team is optimistic that this is just the start of something bigger. As the platform evolves, it could help shape the future of decentralised finance (DeFi) within the Internet Computer.

Users who are interested in diving into leveraged trading can get started today by visiting ICP.Exchange. Claim your test tokens, deposit them into your account, and begin exploring the new features. Your feedback is invaluable as it will help guide the development of the platform and ensure that it becomes a key tool within the Internet Computer ecosystem.

At its core, this release is about pushing the boundaries of what’s possible in the crypto space. ICPSwap is committed to innovating and bringing new solutions to the world of decentralised finance, and this launch is just the first step in what promises to be an exciting journey. With more features and tools likely to be introduced, the future is looking bright for ICPSwap and the wider Internet Computer ecosystem.

As the alpha phase continues, the team is eager to continue receiving feedback and fine-tuning the platform. Whether through the Telegram group or email, users are encouraged to share their thoughts and suggestions as the team works to shape the future of the platform. This collaborative approach ensures that the final version of ICP.Exchange will be one that truly meets the needs of its users and provides a seamless trading experience.

For those who’ve been waiting for an opportunity to explore leveraged trading within the Internet Computer ecosystem, the time is now. Visit ICP.Exchange, claim your test tokens, and begin experimenting with the platform. The future of DeFi could very well be unfolding right before your eyes.

Bond Yields Surge, Real Estate Returns Lurch

The rising long-term bond yields are stirring significant challenges for real estate investors, as the 10-year US treasury surpasses the cap rate, or net profit percentage, derived from rental properties. With US government bonds now matching the returns from buying and renting out houses, the incentive for real estate investment diminishes sharply.

This shift has led to a noticeable drop in investor purchases, with a growing trend of institutional investors offloading their holdings. To grasp the extent of the issue facing aspiring investors, consider a straightforward calculation: the average monthly rent for a single-family home in the US is $2,174, equating to an annual gross rent of $26,088. After expenses, this results in a net income of $16,957, or a 65% margin. Dividing this by the typical price of a single-family home, $357,000, yields a cap rate of merely 4.76%.

Such a rate is unattractive for two primary reasons. Firstly, it offers no premium over the 10-year US government bond, prompting investors to question the rationale of undertaking the risks and hassles of property management when a risk-free asset provides a comparable return. Secondly, the cap rate of 4.76% is unleveraged and doesn’t factor in debt. With prevailing mortgage rates for investors ranging between 6-7%, new investment properties are likely to be loss-making after interest payments are considered.

The current scenario is starkly different from four years ago. Back then, an aspiring single-family investor could secure a property at prevailing prices, rents, and rates, and earn over $2,226 in annual net profit. Fast forward to 2025, and the same investor would face a loss of $5,657 annually after accounting for interest payments. Consequently, investor purchases have plunged, with data from Redfin indicating a 40% drop from their 2021 peak.

Investor activity today mirrors the levels of 2017, with investors buying about 16% of all homes sold in Q3 2024. This percentage, while lower, hasn’t declined as steeply as expected, suggesting that smaller, less-informed investors might still be active. Data from CoreLogic shows that institutional investors have significantly reduced their buying, while smaller investors have remained more consistent.

In markets like Tampa, nearly 80% of investor purchases were made by smaller investors, with major players from Wall Street largely absent. This trend is observable in Florida, where most seasoned investors have stepped back, yet many individuals with regular jobs are attempting to enter the market. The resilience of amateur investors, however, may wane as the reality of negative cash flow becomes apparent.

To achieve positive cash flow in Florida, investors need to purchase properties 20-30% below the after-repair value (ARV). Such deals are rare, making profitable investments increasingly elusive. A potential solution to the unprofitable nature of current real estate investment could be a significant drop in home prices by 20-30%, making rentals more affordable and enticing a new wave of investors into the market.

Until such market adjustments occur, real estate investors must be selective about their investment locations. In 2025, cash flow will be paramount, and markets with higher cap rates, affordability, and growth prospects are likely to perform better.

US Mortgage Demand Plummets to ’90s Levels as Rates Soar

US Mortgage demand is collapsing, and the figures paint a bleak picture for the US housing market. Applications for single-family home mortgages fell by 3.7% last week, marking the fourth consecutive week of decline. This ongoing slump has pushed the mortgage demand index to its lowest point since February 2024, and it’s the third lowest level in almost three decades.

The decline over the past four years has been dramatic, with the index plummeting by 63%. Such a steep drop highlights the broader challenges in the housing sector. The sharp rise in home financing costs has played a significant role, making it increasingly difficult for potential buyers to afford homes. Meanwhile, house prices have remained at historically high levels, compounding the issue.

Since mid-September, the 30-year fixed mortgage rates have climbed by approximately 110 basis points, now exceeding 7% once again. This hike has brought mortgage demand down to levels not seen since the 1990s, a stark reminder of the current economic pressures.

The surge in mortgage rates can be attributed to several factors, including inflationary pressures and the Federal Reserve’s actions to combat rising prices. Higher interest rates have a direct impact on monthly mortgage payments, discouraging potential buyers and leading to a decrease in the number of applications.

The housing market’s current state reflects a significant shift from the booming period seen in the early 2020s, where low-interest rates and high demand led to rapid price increases. Now, the landscape has changed dramatically, with affordability becoming a major concern.

Potential buyers are facing the challenge of balancing high home prices with the increased cost of borrowing. This dynamic has led to a slowdown in home sales, as many are either priced out of the market or waiting for more favourable conditions. The decrease in demand has also affected the construction sector, with fewer new projects being initiated due to the uncertainty surrounding the market.

For those looking to refinance their existing mortgages, the situation is equally grim. The higher rates mean that refinancing is less attractive, leading to a reduction in applications. Homeowners who locked in lower rates in the past are unlikely to seek refinancing options now, further contributing to the decline in demand.

The impact of this downturn extends beyond individual buyers and homeowners. The broader economy feels the effects, as the housing market plays a crucial role in economic growth. Lower demand for homes can lead to reduced spending in related sectors, such as home improvements, furniture, and appliances.

In response to these challenges, some lenders have started to offer more flexible mortgage products, aiming to attract buyers despite the high rates. These products may include adjustable-rate mortgages or loans with lower initial payments, designed to ease the financial burden in the short term.

However, these measures may not be enough to counter the overall trend. With inflation remaining a concern and the Federal Reserve maintaining its stance on interest rates, the prospects for a quick recovery in mortgage demand appear slim.

As the market adjusts to these new realities, it is essential for potential buyers and current homeowners to stay informed about their options. Consulting with financial advisors and exploring different mortgage products can help navigate this challenging environment.

For now, the US housing market continues to grapple with the dual pressures of high prices and rising borrowing costs. The drop in mortgage demand serves as a clear indicator of the broader economic challenges, with no immediate relief in sight.

CZ Binance’s Tweet: A Reflection on Missed Crypto Opportunities

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Changpeng Zhao, better known as CZ, the co-founder and former CEO of Binance, recently sparked a conversation on social media with a thought-provoking tweet. He asked his followers if they had ever reflected on past crypto opportunities with a sense of regret. His tweet read:

This tweet taps into a common sentiment among many in the crypto community—the hindsight of missed opportunities and the potential for future action. It serves as a gentle reminder that while the past cannot be changed, the future is still ripe with possibilities.

CZ’s tweet resonates particularly in the volatile world of cryptocurrency, where market swings can be dramatic, and fortunes can shift rapidly. The reference to “bought bitcoins early” brings back memories of Bitcoin’s meteoric rise from a niche digital currency to a household name and a significant financial asset. Many who watched from the sidelines as Bitcoin surged from a few dollars to tens of thousands wish they had entered the market sooner.

Similarly, the mention of “bought the dip” refers to the strategy of purchasing assets during price declines, a move that has proven profitable for those who timed the market well. Holding, or “HODLing,” as it’s known in crypto parlance, is another strategy that CZ highlights. It underscores the patience and long-term belief in the asset’s value, often rewarding those who can weather the market’s volatility.

Learning about crypto early is another regret many express. Early adopters often reap the most significant rewards, not just financially but also in terms of understanding and navigating the crypto landscape. Ignoring FUD—fear, uncertainty, and doubt—is a crucial strategy for staying focused and not being swayed by market panic or negative news that can drive prices down temporarily.

CZ’s rhetorical question, “But when the opportunity presents itself again, will you act?”, challenges his audience to consider their future actions. It suggests that while missed opportunities are a part of investing, new opportunities will arise, and readiness to act on them is crucial.

His closing line, “Today is earlier than all the days to come,” encapsulates the idea that the present moment is the earliest one can act on future opportunities. It’s a nudge to the community to seize the day, emphasising that in the fast-moving world of crypto, waiting might lead to the same regrets of the past.

The tweet concludes with a disclaimer, “Not financial advice,” a common phrase in the crypto space, acknowledging the inherent risks involved in trading and investing. It reminds readers that while the sentiment is motivational, financial decisions should be made with careful consideration and, ideally, professional advice.

CZ’s tweet has garnered significant attention, sparking discussions about market strategies, personal reflections on past decisions, and the importance of being proactive in an ever-evolving financial landscape. It serves as a poignant reminder of the lessons learned in the crypto market and the potential to apply those lessons to future opportunities.

Homebuyer Demand Nosedives to Historic Lows

The housing market has taken a steep downturn, with homebuyer demand plummeting to its lowest level in three decades. Mortgage applications to purchase homes have dropped 63% from their pandemic peak, a decline that mirrors levels last seen in 1995. This dramatic decrease in demand highlights a critical shift in the market.

Data from the first week of January 2025 shows that mortgage applications are down 14% from the same week last year, 19% from 2023, 54% from 2022, 59% from 2021, and 52% from 2020. These figures paint a stark picture of the current state of the housing market, despite recent actions by the Federal Reserve to cut rates. Over the past four months, the Fed has introduced three rate cuts, yet these efforts have not spurred the expected recovery in homebuyer interest.

Compounding the issue is the aftermath of the presidential election, which some anticipated would bring stability and renewed confidence to the market. However, the anticipated bounce-back has not materialised. Existing home sales have mirrored the decline in mortgage applications, although not to the same extent, largely due to a modestly sustained demand from cash buyers. According to the National Association of Realtors (NAR), about 25% of all transactions at the close of 2024 were cash deals, up from the pre-pandemic norm of around 20%.

As we step into 2025, the housing market faces a precarious situation. Sellers, encouraged by the rate cuts and the resolution of the election, may have expected a revitalised market. However, the persistently low demand suggests otherwise. This scenario raises the possibility of a wave of price reductions as the year unfolds, especially as the principal issue remains a lack of affordability for the average buyer.

Currently, a typical homebuyer in the United States faces a mortgage payment that consumes nearly 40% of their gross income. This level of financial strain has only been seen twice in recent history, during the housing markets of 1981 and 2006. In both cases, subsequent years saw an improvement in affordability due to significant shifts—either a steep drop in mortgage rates or a crash in home prices.

Today’s high mortgage rates are fuelled by soaring treasury yields and persistent inflation expectations. Despite these challenging conditions, home prices nationally remain up year-on-year, driven by inventory shortages in certain areas. However, the market is beginning to show signs of weakness in specific regions. Notably, states such as Texas, Florida, Tennessee, Colorado, Arizona, Utah, Alabama, and Georgia are starting to experience price declines. These areas had some of the lowest price growth towards the end of 2024, indicating a shift that could soon spread to other markets.

Looking ahead, it is possible that national home price growth could slow significantly in 2025, potentially stabilising around 0-1% year-on-year. This trend, if realised, would mark a considerable deceleration from previous years. The softening market conditions in sun belt and mountain west states could signal a broader cooling across the country, especially as affordability pressures continue to mount for prospective homebuyers.

The housing market faces a complex array of challenges as 2025 begins. The combination of low demand, high mortgage rates, and affordability issues presents a tough environment for both buyers and sellers. The trajectory of home prices in the coming months will be closely watched as an indicator of the market’s health and potential recovery paths.

Ethereum’s Dilemma: Why ICP Could Be Its Unexpected Lifeline

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Ethereum, once hailed as the flagship of decentralised finance and smart contracts, is facing a rough patch. With its prices on a downward trajectory, inconsistent fees, and scalability issues, Ethereum’s position as the leader of Web3 seems increasingly precarious. Meanwhile, the Internet Computer (ICP) presents itself as a potential saviour, offering the robust infrastructure Ethereum needs to revitalise its ecosystem and mission.

Ethereum’s struggles are evident in several key areas. Firstly, the reliance on Layer-2 solutions like Arbitrum, Optimism, and zkSync has fragmented its ecosystem. Users often encounter friction when moving assets across these platforms, creating an experience far from seamless. Moreover, post-merge, Ethereum’s transition to proof-of-stake has slowed its pace of innovation. The roadmap is intricate, with significant upgrades still years away. High gas fees remain a persistent issue, particularly during network congestion, undermining Ethereum’s accessibility. Additionally, the exodus of developers to faster, more cost-efficient blockchains highlights the dissatisfaction within the community.

In contrast, ICP offers a seamless Web3 experience, mimicking the user-friendliness of Web2. Built from the ground up for speed, cost-efficiency, and decentralisation, ICP’s architecture could address Ethereum’s limitations. Its canister smart contracts deliver immense computational power and low latency without the need for bridges or Layer-2 solutions. ICP also provides infinite data storage, capable of hosting entire dApps, websites, and social networks on-chain, a feat Ethereum struggles to achieve due to high costs. Furthermore, ICP’s gasless transactions eliminate the financial drain on users, offering a more sustainable DeFi environment.

Imagine Ethereum’s dApps operating on ICP’s infrastructure. Uniswap swaps could be instantaneous, NFT minting fees could become negligible, and Web3 social networks could compete with Web2 giants like Facebook. This integration could dramatically enhance the user experience, making Web3 more accessible and efficient.

Ethereum’s vibrant dApp ecosystem, while a strength, is constrained by its outdated architecture. Developers continuously rework their applications to fit within Ethereum’s boundaries. Transitioning to ICP could liberate these projects. Aave, for instance, could offer instant borrowing and lending without gas fees. OpenSea could function as a fully on-chain platform with zero downtime. MetaMask could integrate with ICP wallets for instantaneous transactions, eliminating the need for manual chain switches.

As Ethereum’s roadmap faces delays and its decline continues, the appeal of cross-chain solutions grows. ICP isn’t merely another blockchain; it’s the first to offer a fully decentralised experience end-to-end. The prospect of merging Ethereum’s Virtual Machine (EVM) with ICP’s infrastructure could emerge as a practical solution to Ethereum’s challenges.

To truly fulfil its promise as the “World Computer,” Ethereum must overcome its current constraints. The Internet Computer’s powerful infrastructure could enable Ethereum to scale effectively without compromising its foundational principles. The pressing question is not whether Ethereum can thrive on ICP but how long its community can endure the current limitations before recognising ICP’s potential.

For $ETH investors witnessing the gradual erosion of their investments, advocating for a strategic shift towards ICP might be the only way to safeguard their interests. ICP’s vision could be the key to unlocking Ethereum’s full potential, transforming it from a struggling giant into a revitalised force in the blockchain landscape. Rather than a competitor, ICP could be the complementary solution Ethereum needs to reclaim its stature and realise its ambition as the true “World Computer.”

ClassPlus: Smoothing the Code for ICP Developers

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ClassPlus is a powerful tool for developers working on the Internet Computer (ICP), designed to streamline the coding process by reducing boilerplate, safeguarding data during updates, and enhancing project management. This Motoko library is tailored to simplify the instantiation and management of class-like objects within actor classes, making development more efficient and organised.

One of the standout features of ClassPlus is its ability to cut down on repetitive coding tasks. By reducing boilerplate, it minimizes the tedious work developers often face when constructing and maintaining objects in actor classes. This not only speeds up the development process but also reduces the likelihood of errors that can occur when manually handling repetitive code.

ClassPlus also shines in its support for upgrades. The library ensures that objects can be reconstituted from stable variables after an upgrade, preserving their state and making the upgrade process smoother and less prone to data loss. This is crucial for developers who need to maintain the integrity of their applications during updates.

Another key advantage of ClassPlus is its ability to encapsulate complexity. By providing a unified interface for initialization, state management, and environment configuration, it simplifies the overall management of classes. This allows developers to focus on the core functionality of their applications rather than getting bogged down in the complexities of object management.

ClassPlus objects are instantiated with a predefined structure, ensuring that they integrate seamlessly into actor classes. This structured approach promotes modularity and organisation, making it easier for developers to manage their codebase and collaborate on projects.

To get started with ClassPlus, developers need to have DFX version 0.24.0 or later. The installation process is straightforward: simply add the library using the command mops add class-plus. Once installed, developers can leverage the library’s features to enhance their workflow.

The core concepts of ClassPlus revolve around state, environment, and initialization. The state refers to the shape of the class’s state, which is stored in stable variables and must be composed of stable-compatible types. The environment includes optional variables that can be passed to the class for contextual operations, providing flexibility and adaptability in different scenarios. Initialization logic allows developers to include setup and configuration steps during class creation, streamlining the initialisation process.

ClassPlus offers several advantages that make it a valuable addition to any developer’s toolkit. Its ability to reduce boilerplate eliminates the need for repetitive code, making actor classes cleaner and more maintainable. The library’s upgrade-safe feature ensures that class objects can be reconstituted from stable variables, preserving data integrity across updates. Its modular and organised approach provides a clear structure for defining and managing classes, which is essential for maintaining a well-structured codebase. Additionally, the automatic initialization feature, including built-in timer management, simplifies the setup process, further enhancing the development experience.

For projects that require modular, upgrade-friendly object management in Motoko, ClassPlus is an ideal choice. It allows developers to concentrate on building functional and robust applications, without the distraction of boilerplate code. By leveraging the capabilities of ClassPlus, developers can significantly improve their productivity and the quality of their code.

Overall, ClassPlus is a game-changer for developers building on the Internet Computer, offering a more streamlined, organised, and efficient way to manage class-like objects within actor classes. Its features are designed to address common challenges faced during development, making it a must-have tool for any ICP developer looking to optimise their workflow and create more maintainable and upgrade-friendly applications.

ICP Made Easy: Simplifying dfx.json Management with VS Code Extension

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For developers working with the Internet Computer Protocol (ICP), managing configuration files like dfx.json can be challenging. However, with the recent launch of a Visual Studio Code extension by BlockyDevs, this task has become more straightforward. This extension introduces autocomplete and validation features specifically for dfx.json, aiming to improve the development experience significantly.

This new tool serves as a specialised Language Server, helping developers interact with dfx.json files with ease. The core functionalities include autocomplete and validation, both powered by a schema located in /server/dfx.json. These features are indispensable for developers, as they suggest possible completions and check the dfx.json file for errors or inconsistencies. This ensures that the configuration is accurate and up to date, reducing the likelihood of errors during deployment or testing phases.

One of the extension’s standout features is the Canisters View. This provides a visual representation of the dfx.json file in a tree format, making it easier for developers to navigate and interact with different canisters. From the side panel of Visual Studio Code, users can activate this view and perform various actions on the canisters. This visual approach simplifies the process, especially for those who prefer a more interactive interface.

Developers can also perform specific actions on individual canisters or all canisters collectively. For example, you can deploy a single canister by selecting it from the tree view and choosing the appropriate action, or deploy all canisters at once, streamlining the workflow.

To use this extension, ensure that Visual Studio Code is updated to version 1.75.0 or higher. The extension is integrated seamlessly into the VS Code environment, providing several built-in commands to manage and interact with dfx.json and related development tasks. These commands are executed through the context menu in the Canisters View, offering convenience and efficiency.

One practical command is the ‘Refresh’ option, which updates the tree view when changes are made to the dfx.json file outside of VS Code or through other processes. This ensures that the visual representation within VS Code remains consistent with the actual file content.

Another useful feature is the ability to start the local Internet Computer (IC) replica. This is crucial for testing canisters before deploying them to a live environment. By selecting “Start Replica” from the options menu, developers can initiate the local IC instance, providing a controlled environment for testing.

Deploying all canisters defined in the dfx.json file is another handy feature. This is done by selecting “Deploy Canisters” from the options menu, which deploys all canisters at once, saving time and reducing the need for repetitive actions.

For those using Candid UI, the extension offers options to deploy Candid and open the UI in a webview within VS Code. This is particularly useful for testing deployed canister methods in an integrated development environment. The actions “Deploy Candid” and “Open Candid UI” streamline this process, making it accessible directly from the IDE.

The extension further enhances Candid UI functionality by modifying the authentication process. Instead of authenticating users in the Internet Identity canister, it generates a set of ten random identities from a predefined seed phrase. This change simplifies the user experience, providing ready-to-use identities for testing purposes. Additionally, functions are available to expand this set, such as adding new identities from a seed phrase or private key provided by the user.

For developers working in a Windows environment, the extension also supports using dfx with Windows Subsystem for Linux (WSL) in Visual Studio Code. To set this up, you need to install and configure WSL on your system, install dfx in WSL, and then connect Visual Studio Code to WSL. Once connected, you can run dfx commands directly from the integrated terminal in VS Code, blending the power of WSL with the convenience of VS Code.

The installation process for this extension is straightforward, with comprehensive instructions available for those interested in further development or testing. By following these guidelines, developers can quickly get the extension up and running, integrating it into their workflow to enhance productivity and reduce the complexity of managing dfx.json files.

Overall, this Visual Studio Code extension by BlockyDevs represents a significant advancement for developers working with the Internet Computer Protocol. By providing intuitive features like autocomplete, validation, and a visual Canisters View, it simplifies the configuration and management of dfx.json files. The integration with Candid UI and support for WSL further broadens its utility, making it an invaluable tool for the ICP developer community.