# Сопутствующие статьи по теме Efficiency

Новостной центр HTX предлагает последние статьи и углубленный анализ по "Efficiency", охватывающие рыночные тренды, новости проектов, развитие технологий и политику регулирования в криптоиндустрии.

Mining Prospects for 2026

Bitcoin mining is evolving into a mature, institutional-scale industry by the end of 2025, setting trends for 2026. Key developments include growing state legalization in countries like Russia and Kazakhstan, increased competition, and rising operational costs. Despite a significant drop in miner profitability per PH/s and a 35% rise in network difficulty, the average ROI for Bitcoin mining remains attractive at 2.5–3 years, driven by long-term Bitcoin value appreciation and institutional demand. Retail interest is also strong, with major pools like ViaBTC reporting hundreds of new users daily. To maintain profitability, miners must optimize efficiency and minimize costs. Industry transformation is inevitable, leading some major firms to pivot entirely, such as transitioning to AI infrastructure. Mining pools are evolving into comprehensive ecosystems, offering integrated services like exchanges (e.g., CoinEx), crypto-backed loans, and staking to provide additional revenue streams and liquidity. This trend of service aggregation and diversification is becoming critical for survival and growth in an increasingly competitive landscape.

RBK-crypto12/29 14:13

Mining Prospects for 2026

RBK-crypto12/29 14:13

Stepping into the Stablecoin Wave for Six Years, He Sees the Embryonic Form of the Future of Payments

"Six years into the stablecoin wave, Raj Parekh, former head of crypto at Visa and now leading payments at Monad, reflects on the evolution and future of digital payments. He identifies 2019 and Facebook’s Libra project as a pivotal moment that forced traditional finance to take crypto seriously. At Visa, he led efforts to integrate USDC for near-instant settlement, overcoming slow, costly legacy systems. Parekh later founded Portal Finance to build payment infrastructure, but encountered scalability limitations across blockchains. This led to Portal’s acquisition by Monad, where he now focuses on high-performance, EVM-compatible chains capable of sub-second finality—critical for global payment adoption. He sees stablecoins entering a "email moment" for money: enabling instant, low-cost global value transfer. New business models are emerging where issuers share interest earnings with users, transforming stablecoins into interest-bearing assets even during transactions. This shift, coupled with supportive regulation like the GENIUS Act, is driving broader institutional adoption. Looking ahead, Parekh is excited about AI-powered agentic payments and high-frequency finance, where autonomous agents execute microsecond-speed transactions. He envisions a future where decentralized infrastructure seamlessly integrates into everyday apps, enabling global, efficient, and programmable money movement—ushering in a new era for both finance and user experience."

marsbit12/26 05:40

Stepping into the Stablecoin Wave for Six Years, He Sees the Embryonic Form of the Future of Payments

marsbit12/26 05:40

The Catfish Effect Emerges: Stablecoins Are Forcing the Banking System to Improve Efficiency and Interest Rates

The article "The Catfish Effect: Stablecoins Are Forcing Banks to Improve Efficiency and Interest Rates" challenges the initial fear that stablecoins would trigger massive bank deposit outflows. Instead, research indicates that due to the "stickiness" of deposits—where traditional checking accounts remain central for interoperability with mortgages, credit cards, and salaries—no significant correlation exists between stablecoin growth and bank disintermediation. Rather than being a threat, stablecoins act as a competitive force, compelling banks to offer higher deposit rates and improve operational efficiency. Proper regulation, like the GENIUS Act which mandates full reserve backing with safe assets, addresses risks such as runs and liquidity issues. Ultimately, stablecoins complement the traditional system, promising efficiency gains through atomic settlement and faster cross-border payments, potentially upgrading the dollar's infrastructure and fostering greater financial inclusion.

比推12/19 14:36

The Catfish Effect Emerges: Stablecoins Are Forcing the Banking System to Improve Efficiency and Interest Rates

比推12/19 14:36

The Catfish Effect? Stablecoins Are Truly the Enemy of Bank Deposits

The article challenges the prevailing narrative that stablecoins pose an existential threat to the traditional banking system by causing massive deposit outflows. Instead, it argues that stablecoins act as a competitive catalyst, forcing banks to improve efficiency and offer higher deposit rates, rather than replacing them. Key points include: - Research indicates no significant correlation between stablecoin growth and bank deposit outflows, highlighting the "sticky" nature of deposits due to the convenience of bundled banking services (e.g., mortgages, payroll). - Stablecoins introduce competition, compelling banks to enhance operational efficiency and customer benefits, ultimately expanding financial intermediation and consumer welfare. - Regulatory frameworks like the GENIUS法案 (likely referring to U.S. stablecoin legislation) mitigate risks by mandating full reserves (cash, short-term Treasuries) and enforceable redemption rights, addressing concerns about run and liquidity risks. - Stablecoins offer efficiency gains through atomic settlements, enabling instant, cross-border transactions without intermediary delays, which could modernize outdated financial infrastructure. - The U.S. is urged to lead in stablecoin innovation to preserve the dollar’s global dominance, transforming stablecoins from offshore novelties into transparent, regulated components of domestic financial systems. The conclusion emphasizes that banks should view stablecoins as an opportunity to evolve, similar to other industries disrupted by technology, rather than as a threat.

marsbit12/19 07:49

The Catfish Effect? Stablecoins Are Truly the Enemy of Bank Deposits

marsbit12/19 07:49

From Double-Entry Bookkeeping to Blockchain 'Triple-Entry Bookkeeping': Why Must Banks Go On-Chain?

Banks rely on ledgers, and so does blockchain at its core—but the two are fundamentally different. Today, financial institutions face a choice similar to that of print media decades ago: adapt to the digital age or risk obsolescence. The rise of stablecoins further accelerates this shift. While many banks are adopting cryptographic technologies, the underlying reason encrypted ledgers may eventually replace traditional banking ledgers lies in accounting methodology. Traditional banks use double-entry bookkeeping, invented in medieval Italy, which records each transaction in at least two accounts (debit and credit) to ensure balance and auditability. However, this system relies on independent record-keeping, leaving room for manipulation and reconciliation errors—exemplified by scandals like Enron. In contrast, blockchain introduces triple-entry accounting. This extends double-entry bookkeeping by adding a third, cryptographically-secured, and immutable entry—recorded on a distributed ledger via consensus mechanisms like Proof-of-Work or Proof-of-Stake. Each transaction is not only in the sender’s and receiver’s accounts but also in a tamper-proof, timestamped block, creating a transparent and trustless system. Triple-entry accounting eliminates the need for intermediaries, reduces auditing complexity, and enables near-real-time verification. For banks, adopting blockchain means transitioning from double-entry to triple-entry bookkeeping. Once issues like privacy (e.g., zero-knowledge proofs) and compliance (e.g., KYC) are resolved, moving operations to the chain can significantly boost efficiency, reduce reliance on legacy systems, and provide a more resilient infrastructure. The message is clear: embrace blockchain or risk marginalization. This may be one of the most critical strategic decisions for banks in the coming decades.

marsbit12/18 09:03

From Double-Entry Bookkeeping to Blockchain 'Triple-Entry Bookkeeping': Why Must Banks Go On-Chain?

marsbit12/18 09:03

Hyperliquid to Launch Portfolio Margin: A Game-Changer or a Double-Edged Sword?

Hyperliquid, a leading Perp DEX, is introducing portfolio margin on its testnet, a significant upgrade aimed at professional and institutional traders. This system unifies users' spot and perpetual accounts, calculating margin requirements based on net risk exposure rather than summing individual positions. It rewards hedging strategies by freeing up capital, potentially improving efficiency by over 30%, as seen in traditional finance. This move signals Hyperliquid's strategic shift towards courting capital-efficient institutional players, offering benefits like a unified account for seamless trading, automatic yield on idle assets, and a theoretical 3.35x increase in leverage. It aims to support complex strategies like delta-neutral trading and arbitrage, potentially improving liquidity and tightening spreads. However, the system amplifies risks inherent in DeFi's lender-of-last-resort absence. Higher efficiency means losses and liquidations can accelerate more quickly. In extreme market conditions, correlated crashes could cause hedges to fail simultaneously, rapidly expanding risk exposure. Furthermore, the liquidation of a large, leveraged unified account could trigger a multi-asset fire sale, potentially creating a cascading liquidation spiral across connected markets and even impacting integrated lending protocols within Hyperliquid's HyperEVM ecosystem. This innovation is a high-stakes gamble on attracting institutions and a severe test for DeFi's resilience.

marsbit12/16 13:20

Hyperliquid to Launch Portfolio Margin: A Game-Changer or a Double-Edged Sword?

marsbit12/16 13:20

A16z Investor Partner: By 2026, Venture Capital Will Absorb Private Equity, Main Reason: AI Enables Cost Reduction and Efficiency Improvement

Troy Kirwin, an investor partner at A16z, argues that AI is rapidly erasing the traditional boundaries between venture capital (VC) and private equity (PE). Historically, these two sectors operated in separate worlds: VC in San Francisco focused on high-growth tech and large markets, while PE in New York prioritized stable cash flows and human-intensive services. AI is now the catalyst for convergence. Previously, B2B startups struggled to penetrate mid-market—industries like field services, IT outsourcing, and accounting—due to thin margins, high labor costs, and low IT budgets. AI is making these industries ripe for disruption and reinvention. Kirwin outlines three key collision paths: 1) PE funds are becoming channel partners, deploying AI across their portfolios; 2) PE portfolios are serving as "idea menus" for new startups; and 3) VC-backed AI platforms are moving beyond software to acquire traditional service businesses, enabling end-to-end integration, higher margins, and AI-native transformation. The conclusion is that the two distinct financial universes are merging.

marsbit12/12 03:54

A16z Investor Partner: By 2026, Venture Capital Will Absorb Private Equity, Main Reason: AI Enables Cost Reduction and Efficiency Improvement

marsbit12/12 03:54

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