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? The Dinarian on Locals brings you the latest in news, interviews, in-depth conversations, and stories from across the blockchain and global communities—within and beyond cryptocurrency ?. Experts delve into how blockchain technology is reshaping industries, enhancing business networks ?, transforming transaction workflows, and advancing distributed ledger systems ??. We also explore intriguing topics that may venture into the realm of conspiracies—and so much more!
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Ethereum on Proof-of-Stake: Comprehensive Guide to The Merge

This guide explains what changes in Ethereum (ETH) with The Merge activation and why it is big deal for entire Web3 segment

On July 15, 2022, Ethereum core developer Tim Beiko suggested Sept. 19 as the “tentative date” for The Merge activation in Ethereum (ETH) mainnet.

As such, Ethereum (ETH) is putting the final touches on its hotly anticipated upgrade that will put an end to Ether proof-of-work (PoW) mining.

Inside Ethereum Merge: Why is #2 blockchain migrating to proof of stake?

Ethereum (ETH) inches closer to The Merge upgrade, i.e., migration from a proof-of-work (PoW) consensus to a proof-of-stake (PoS) one. It is set to make the largest smart contracts network more resource efficient, inclusive and eco-friendly.

Why is The Merge so important for the Ethereum (ETH) blockchain and Web3 sphere as a whole?

The Merge will replace proof-of-work (PoW) consensus with a proof-of-stake (PoS) one, by which Ethereum (ETH) network integrity will be secured by stakers instead of miners;

It is a first in crypto history in which a mainstream protocol radically changes its consensus design;

Ethereum Merge has already been activated in testnets Kovan and Sepolia; Goerli activation will be the dress rehearsal before mainnet;

Proof-of-stake (PoS) consumes less energy, reduces a network’s carbon footprint and makes it more decentralized;

Once Ethereum (ETH) proof-of-stake is rolled out, migration toward sharding will be the next step.

For the first time, Ethereum’s specifications for proof-of-stake (also called Ethereum 2.0, but Ethereum devs recommended avoiding using this name in Q4, 2020) were unveiled more than two years ago. What is Ethereum?

Ethereum (ETH) is the first-ever blockchain (decentralized network) with smart contracts support. It launched in mainnet in July 2015. Ethereum (ETH) was invented by a number of cryptocurrency developers; Vitalik Buterin and Gavin Wood are the best known of them.

Ethereum (ETH) was intended to address the main bottlenecks of Bitcoin (BTC) and other early cryptocurrencies. Bitcoin (BTC), Litecoin (LTC), XRP and all first-gen cryptocurrencies were only suitable for value transfer.

Ethereum (ETH) established itself as a general-purpose decentralized computer. Its smart contracts (software programs on Solidity) are used in thousands of decentralized applications: decentralized finance (DeFi) protocols, marketplaces for non-fungible tokens (NFTs), blockchain-based games and so on.

Ethereum’s native cryptocurrency is dubbed Ether, or ETH. Ether is the largest altcoin; only Bitcoin (BTC) surpasses it by market capitalization.

What is proof of stake?

Proof of stake (PoS) is a class of blockchain consensus algorithms in which validators vote on the next block before adding it to the chain. Proof of stake is considered an improvement over the proof-of-work algorithm thanks to its resource efficiency, eco-friendliness and better decentralization parameters: to join staking, there is no need to purchase expensive mining equipment. There are chain-based and BFT-based proof-of-stake (PoS) systems.

Proof-of-stake systems rely on stakers in their operations: every validator should “stake” (freeze) his/her tokens to guarantee his/her commitment to the integrity of the protocol. By Q3, 2022, Ethereum’s rival, Cardano (ADA), is the largest proof-of-stake system.

As such, to join Ethereum’s proof of stake, a crypto enthusiast should stake at least 32 Ethers (ETH) or almost $50,000 by press time. Two months before the mainnet release of Ethereum’s proof of stake, 13,125,461 Ethers are staked in its “deposit contract,” or over $20.6 billion.

Ethereum activates The Merge: Most crucial update for crypto in 2022

Technically, Ethereum (ETH) started its journey to proof of stake in December 2020 with the launch of deposit contracts and the activation of the so-called Beacon Chain, a basic proof-of-stake (PoS) coordination mechanism. In September 2022, its entire validation structure will migrate to proof of stake (PoS).

The Merge: The Basics

At its core, The Merge is the procedure joining the existing Ethereum (ETH) transactions execution layer — the Ethereum (ETH) mainnet we have known and loved since 2015 — with Beacon Chain as its new consensus layer. Currently, the ecosystem of Proof-of-Work (PoW) miners is a consensus layer; Beacon Chain solves this issue.

Thus, Beacon Chain with Deposit Contract — the storage of all Ethers allocated for staking — will be “injected” into the Ethereum (ETH) mainnet. Beacon Chain will be responsible for processing all network data, including account balances, transactions and so on.

Beacon Chain becomes the engine of block production; proof-of-stake validators will be responsible for processing the validity of all transactions and proposing blocks. At the same time, the new system will keep the entire transactional history of the old Ethereum (ETH).

The Merge: The Testnets

To ensure a smooth transition to proof-of-stake (PoS) consensus, Ethereum (ETH) core developers activated The Merge in a number of closed and public testnets. Since December 2021, Ethereum (ETH) enthusiasts have emulated The Merge specifications in Kintsugi and Kiln purpose-made testnets.

Both Kiln and Kintsugi were specially launched to stress test Ethereum’s (ETH) transition to proof of stake. In Q1, 2022, they allowed developers to detect synchronization issues and put some final touches on the post-Merge codebase. Also, developers tried a brand-new “shadow fork” mechanism as in testing The Merge.

In Q2-Q3, 2022, Ethereans activated The Merge in public testnets Ropsten and Sepolia; Goerli testnet will be “Merged” in August 2022.

The Merge: The Timeline

Here is the timeline of the most crucial milestones on Ethereum’s road to The Merge:

June 30, 2015: Ethereum (ETH) launched in mainnet on a proof-of-work consensus;

Q2, 2019: Ethereum (ETH) developers propose Casper as a high-level implementation of how the blockchain can migrate to proof of stake (PoS);

Early March 2020: Vitalik Buterin, with co-authors, releases GASPER, a more advanced implementation of Beacon Chain;

November 20, 2020: Ethereum 2.0 Deposit Contract launched with 32 ETH minimum stake; Ethereans started injecting staking liquidity;

December 1, 2020: Beacon Chain launched as parallel network to Ethereum’s (ETH) mainnet;

October 28, 2021: Beacon Chain underwent Altair upgrade; ETH price spiked to all-time high;

Q1, 2022: Ethereum (ETH) implemented The Merge in Kintsugi and Kiln testnets, “shadow forks” quietly activated;

June-July 2022: Ethereum (ETH) Merge activated in public testnets Ropsten and Sepolia;

July 15, 2022: The Merge activation in mainnet tentatively scheduled for mid-September by coordinator Tim Beiko.

The Merge: The Next Steps

Once The Merge upgrade is live in mainnet and Ethereum (ETH) is running on proof of stake (PoS), the Shanghai update will be its first hard fork in the new consensus. Shanghai will change some aspects of UX/UI, upgrade EVM and reduce gas costs for end users. Also, native execution of BLS operations by Ethereum Virtual Machine will be added.

Last but not least, in the coming months, Ethereum (ETH) will most likely activate sharding. The blockchain will be split up into a network of shards, or interconnected sub-chains. Not unlike NEAR Protocol (NEAR) and Harmony (ONE), this update will improve the performance and throughput of the Ethereum (ETH) mainnet.

Bonus: Will The Merge affect the Ethereum (ETH) price?

As The Merge is the most radical upgrade for Ethereum (ETH) tokenomics, let alone technology, many ETH holders and potential investors are wondering whether it will somehow affect the Ether price.

Typically, every major upgrade is a powerful short-term catalyst for altcoins’ prices. Moreover, with Ethereum’s (ETH) transition to proof of stake, ETH holders will be incentivized to lock their riches for staking. This, in turn, will significantly reduce selling pressure.

Bottom line

Ethereum (ETH), the largest smart contracts network, will replace proof-of-work consensus with a proof-of-stake one on September 19, 2022, with The Merge mainnet activation.

This update is the result of three years of R&D efforts by Ethereum (ETH) developers and one of the most crucial technical changes in crypto’s entire history. Ethereum (ETH) mining will be replaced by staking as the way to add blocks to the mainnet.

Migration to proof of stake makes Ethereum (ETH) more resilient to centralization efforts, eco-friendly and resource efficient. #Ethereum News

https://u.today/ethereum-on-proof-of-stake-comprehensive-guide-to-the-merge

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"The World Order That We Are Coming Into"

If XRP is the neutral bridge for all sovereign currencies, stablecoins, and tokenized assets, then it’s not just facilitating payments, it’s capturing all that value at every level. From smart contracts to tokenized treasuries and digitized assets, XRP forms the foundation and backbone for everything in between.

With cross-border payments representing a multi-trillion-dollar corridor, that’s where the largest capital will flow and the greatest returns will come from.

At this point, you’re the gatekeeper to the digital economy. Everything else follows or fades away once regulations take effect.

You either see it or you won’t until it’s too late.

~The Black Swan Capitalist

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Denelle Dixon (Stellar CEO) On Bloomburg 🚀

'Everyone, including Mastercard and Visa, is looking at how this technology can make finance easier for their consumers and their business. I don't think there is going to be a loser, but I do think there will be shake-ups. And ultimately, the consumer is going to win.' - SDF CEO @DenelleDixon on @BloombergTV

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We are minutes away from passing the GENIUS Act.
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👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
📚 How to Liquid Stake XPRT and Add Liquidity to stkXPRT/XPRT Pool on Persistence DEX 📚

Dinarian Note: The tutorial shows you how to turn your XPRT into Liquid staked stkXPRT, which can then on top of being staked earn you extra yield via the pools on the Persistence DEX. Note: I put a list of the current pools available below. Check out the APR% on these 😉 This is what makes Defi so attractive to investors. Putting your money to work 101. Instead of just staking your XPRT for 16%, you can put it in a pool and make upwards of 50% or more. Note: These values constantly fluctuate. Even if you don't want to partake in this, it's good practice and extremely good to know! This will be invaluable once your a multi-millionaire, unless you plan on keeping your funds in a criminal run BANK! 🤣

⚠ If you reside in the USA, you MUST use a VPN. I set it to Singapore and it works just fine! ~ Namasté 🙏 Crypto Michael ⚡ The Dinarian


This tutorial will guide you through the process of adding liquidity to the stkXPRT/XPRT pool on Persistence DEX.

Table of Contents:

🔹 How to ...

Account Abstraction on Sonic 🚀

With EIP-7702 arriving in Sonic's next client upgrade, your regular wallet will gain smart contract powers. ✨

🎁 Gas Subsidies
📊 Dynamic Fees
🤝 Social Recovery
🔑Session Keys

🧵 https://x.com/SonicLabs/status/1936395173275238459

👀 11-Year-Old Happy Demonstrates Advanced Dormant Abilities – Seeing Without the Physical Eyes

Happy an 11 year old demonstrated in week 3 workshop activating dormant abilities that go far beyond ordinary vision. What he demonstrates here is not imagination or guesswork it’s real perception beyond the physical eyes.

By tapping into his soul awareness and expanding his consciousness, Happy is able to see what others can’t, showing us the potential that lives within all of us when the inner senses are awakened.

👉 This is more than a skill. It’s a reminder of who we truly are & the abilities he have with practice.

Thank You Happy, You have inspired me and many others
Darius J Wright.

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Dubai regulator VARA classifies RWA issuance as licensed activity
Virtual Asset Regulatory Authority (VARA) leads global regulatory framework - makes RWA issuance licensed activity in Dubai.

Real-world assets (RWAs) issuance is now licensed activity in Dubai.

~ Actual law.
~ Not a legal gray zone.
~ Not a whitepaper fantasy.

RWA issuance and listing on secondary markets is defined under binding crypto regulation.

It’s execution by Dubai.

Irina Heaver explained:

“RWA issuance is no longer theoretical. It’s now a regulatory reality.”

VARA defined:

- RWAs are classified as Asset-Referenced Virtual Assets (ARVAs)

- Secondary market trading is permitted under VARA license

- Issuers need capital, audits, and legal disclosures

- Regulated broker-dealers and exchanges can now onboard and trade them

This closes the gap that killed STOs in 2018.

No more tokenization without venues.
No more assets without liquidity.

UAE is doing what Switzerland, Singapore, and Europe still haven’t:

Creating enforceable frameworks for RWA tokenization that actually work.

Matthew White, CEO of VARA, said it perfectly:

“Tokenization will redefine global finance in 2025.”

He’s not exaggerating.

$500B+ market predicted next year.

And the UAE just gave it legal rails.

~Real estate.
~Private credit.
~Shariah-compliant products.

Everything is in play.

This is how you turn hype into infrastructure.

What Dubai is doing now is 3 years ahead of everyone else.

Founders, investors, ecosystem builders:

You want to build real-world assets onchain.

Don’t waste another year waiting for clarity.

Come to Dubai.

It’s already here.

 

Source

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If you find value in my content, consider showing your support via:

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Your generosity keeps this mission alive, for all! Namasté 🙏 Crypto Michael ⚡  The Dinarian

 

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🎬Proof the Deep State Planned This War for Years🎬
Nation First outlines how the Israeli attack on Iran was planned by the Deep State and the Military Industrial Complex over 15 years ago.

Prepare to have your mind blown

~Namasté 🙏 Crypto Michael ⚡ The Dinarian

Dear friend,

What just happened in Iran wasn’t a surprise attack. It wasn’t a last-minute decision. It wasn’t even Israel acting alone.

It was a war plan written years ago — by men in suits, sitting in think tanks in Washington and New York. And yesterday, that plan was finally put into action.

Here’s the truth they don’t want you to know: this war was cooked up long before Trump ever became President — and it was designed to happen exactly this way.

Let’s start with what just happened.

Israel launched a massive, unexpected strike on Iran. They hit nuclear facilities. They killed military generals. They struck deep inside Iranian territory — and now the whole region is on edge, ready to explode into full-blown war.

The media is acting shocked. But I’m not. You shouldn’t be either.

Why?

Because we have the documents. They told us this was coming. Years ago.

Exhibit A: The Brookings Institution.

The Brooking Institution is a fancy name for what’s basically a war-planning factory dressed up as a research centre. Back in 2009, Brookings published a report called Which Path to Persia?

It laid out exactly how to get the U.S. into a war with Iran — without looking like the bad guy.

Here’s the sickest part:

“The United States would encourage — and perhaps even assist — the Israelis in conducting the strikes… in the expectation that both international criticism and Iranian retaliation would be deflected away from the United States and onto Israel.”

Let that sink in.

They literally suggested using Israel to start the war, so America could stand back and say, “Wasn’t us!”

They even titled a chapter of this report: “Leave It to Bibi” — naming Netanyahu as the guy to light the match.

Exhibit B: The Council on Foreign Relations (CFR).

The Council on Foreign Relations is an another Deep State operation. Also in 2009, CFR published a “contingency memothat laid out the whole military plan for an Israeli strike on Iran — step by step.

  • What routes the jets would fly (over Jordan and Iraq).

  • What bombs they’d use (the biggest bunker-busters in the U.S. arsenal).

  • Which Iranian sites to hit (Natanz, Arak, Esfahan).

  • And how Iran might respond (missiles, drones, threats to U.S. bases).

It’s like they had a time machine. Because those exact strikes just happened following the routes, likely using the bombs and hitting the sites that the CFR outlined.

Exhibit C: The Plot to Attack Iran by Dan Kovalik.

This one really blows the lid off.

US human rights lawyer and journalist Dan Kovalik, in his book The Plot to Attack Iran: How the CIA and the Deep State Have Conspired to Vilify Iran, shows how the CIA and Israel’s Mossad have been working together for decades — not just watching Iran, but actively sabotaging it. Killing scientists. Running cyberattacks. Feeding lies to the media to make Iran look like it’s always “six months away” from building a nuke.

He even reveals how they discussed false flag attacks — faking an Iranian strike to justify going to war. That’s not a conspiracy theory. That’s documented strategy.

And here’s where President Trump comes in.

Unlike the warmongers who wrote these plans, Trump wasn’t looking to bomb Iran. He wanted to talk. Negotiate. Make a deal — like he did with North Korea.

In fact, peace talks with Iran were just days away.

But someone didn’t want peace. Someone wanted war.

So Israel went in — just like the Brookings script said — and lit the fuse.

Trump didn’t authorise it. He didn’t want it. But they gazumped him. They went around him. And now, the peace he was trying to build has been blown to bits.

This was never about Iran being a threat. It was about keeping the war machine fed.

Think tanks, defence contractors, foreign lobbies — they don’t profit from peace. They thrive on tension. On fear. On war.

And now, thanks to them, the world’s one step closer to the edge.

If you’ve never trusted the mainstream media, you’re right not to.

If you’ve ever suspected there’s a shadowy agenda behind every war, you’re not paranoid.

You’re paying attention.

Because the documents are real. The war was planned. And the bombs are falling — right on schedule.

Pray for Iran’s civilians.

Pray for the Israelis caught in the crossfire.

Pray for a President who still wants peace.

And pray that we wake up before it’s too late.

Because the war has started.

But the truth has just begun to spread.

Until next time, God bless you, your family and nation.

Take care,

George Christensen

Source:

George Christensen is a former Australian politician, a Christian, freedom lover, conservative, blogger, podcaster, journalist and theologian. He has been feted by the Epoch Times as a “champion of human rights” and his writings have been praised by Infowars’ Alex Jones as “excellent and informative”.

George believes Nation First will be an essential part of the ongoing fight for freedom:

The time is now for every proud patriot to step to the fore and fight for our freedom, sovereignty and way of life. Information is a key tool in any battle and the Nation First newsletter will be a valuable tool in the battle for the future of the West.

— George Christensen.

Find more about George at his www.georgechristensen.com.au website.

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Your generosity keeps this mission alive, for all! Namasté 🙏 The Dinarian

 

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The Possible Impact Of USDC On The XRP Ledger And RLUSD
Key Points
  • It seems likely that USDC on the XRP Ledger (XRPL) boosts liquidity, benefiting XRP, though some see it as competition for RLUSD.
  • Research suggests both stablecoins can coexist, enhancing the XRPL ecosystem.
  • The evidence leans toward increased network activity being good for XRP, despite potential competition.

The recent launch of USDC on the XRP Ledger has sparked discussions about its impact on the ecosystem, particularly in relation to RLUSD, Ripple's own stablecoin. This response explores whether this development is more about competition for RLUSD or if it enhances liquidity on the XRPL, ultimately benefiting XRP.
 

Impact on Liquidity and XRP

The introduction of USDC, a major stablecoin with a $61 billion market cap, likely increases liquidity on the XRPL by attracting more users, developers, and institutions. This boost can enhance DeFi applications and enterprise payments, potentially driving demand for XRP, the native token used for transaction fees. While some may view it as competition for RLUSD, the overall effect seems positive for the XRPL's growth.
 

Competition vs. Coexistence with RLUSD

USDC and RLUSD cater to different needs: USDC appeals to those valuing regulatory compliance, while RLUSD, backed by Ripple, may attract users preferring ecosystem integration. Research suggests both can coexist, increasing options and fostering innovation, rather than purely competing.
 

Detailed Analysis of USDC on XRPL and Its Implications

The integration of USDC on the XRP Ledger (XRPL), announced on June 12, 2025, by Circle, has significant implications for the ecosystem, particularly in relation to RLUSD, Ripple's stablecoin launched in 2024. This section provides a comprehensive analysis, exploring whether this development is more about competition for RLUSD or if it enhances liquidity on the XRPL, ultimately benefiting XRP.
 

Understanding RLUSD and Its Role

RLUSD, Ripple's stablecoin, received approval from the New York Department of Financial Services (NYDFS) in 2024 and is designed to be fully backed by cash and cash equivalents, ensuring stability. It is available on both the Ethereum and XRP Ledger blockchains, aiming to enhance liquidity, reduce volatility, and serve cross-border payments. With a current market cap of $413 million, RLUSD is smaller than USDC's $61 billion but has regulatory credibility, particularly appealing to institutions.
 

Impact of USDC on the XRPL

The launch of USDC on the XRPL is a significant development, given its status as the second-largest stablecoin by market cap.
 
Key impacts include:
  • Liquidity Boost: USDC's integration can attract more users, developers, and institutions, increasing overall liquidity. This is crucial for DeFi applications, as Circle's announcement emphasizes its use in liquidity provisioning for token pairs and FX flows.
  • Increased Utility: USDC enhances the XRPL's utility for enterprise payments, financial infrastructure, and DeFi, potentially making it more attractive for global money movement and transparent settlements.
  • Regulatory and Institutional Appeal: As a regulated stablecoin issued by Circle, USDC can bring institutional users to the XRPL, aligning with Ripple's goals for regulated financial activities.
  • Network Growth: Supporting a widely recognized stablecoin like USDC on 22 blockchains, including the XRPL, increases the network's visibility and adoption, potentially driving more activity.

Competition vs. Complementarity with RLUSD

While USDC's launch could be seen as competition for RLUSD, the evidence suggests a more nuanced relationship:
  • Competition: Both are stablecoins on the XRPL, and USDC's larger market presence ($61 billion vs. RLUSD's $413 million) might attract users and developers away from RLUSD. However, competition can drive innovation, such as lower fees or better services, benefiting the ecosystem
  • Complementarity: Different stablecoins cater to different needs. USDC appeals to users valuing regulatory compliance and widespread adoption across multiple blockchains, while RLUSD, backed by Ripple, may attract those preferring ecosystem integration and regulatory approval from NYDFS. The XRPL can benefit from having multiple options, increasing liquidity and fostering a diverse ecosystem.
  • Coexistence Benefits: Research suggests that having multiple stablecoins enhances liquidity and provides users with more choices, potentially leading to higher network activity. For example, institutions might use USDC for global payments and RLUSD for specific XRPL-integrated applications, creating a symbiotic relationships.

Impact on XRP

The introduction of USDC, alongside RLUSD, is likely beneficial for XRP, the native token of the XRPL, for several reasons:
  • Increased Liquidity and Activity: Higher liquidity on the XRPL, driven by both stablecoins, can increase transaction volumes. XRP is used for transaction fees, with some fees burned, potentially reducing supply over time and increasing demand.
  • DeFi and Enterprise Use Cases: Both USDC and RLUSD enhance DeFi and enterprise applications, such as liquidity pools and cross-border payments, which can drive demand for XRP as a settlement token.
  • Network Growth: A more liquid and active XRPL is more attractive to developers and users, potentially leading to long-term growth for XRP, as increased utility can drive its value.
Expert analyses, such as those from u.today and ledgerinsights.com, suggest the launch is a "massive boost" for liquidity and adoption, with RLUSD also playing a significant role.
 

Comparative Analysis: USDC vs. RLUSD

To further illustrate, consider the following table comparing key attributes:
 
Given the evidence, it is more accurate to view the introduction of USDC on the XRPL as beneficial for liquidity, which is ultimately good for XRP, rather than solely as competition for RLUSD. The XRPL benefits from increased options, with both stablecoins enhancing liquidity, utility, and network growth. While some competition exists, the overall impact is positive, fostering a robust ecosystem that can drive demand for XRP. This conclusion aligns with expert analyses and community discussions, acknowledging the complexity of the stablecoin market within the XRPL.
 

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💳 PayPal: 
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🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Or Buy me a coffee: https://buymeacoffee.com/thedinarian

Your generosity keeps this mission alive, for all! Namasté 🙏 The Dinarian

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