In the world of cryptocurrency, where decentralization and community empowerment are central tenets, the term Community Takeover has gained significant attention. This concept reflects a pivotal shift where a blockchain project transitions from being managed by its original developers or founding team to being governed and driven by its community. This dynamic process highlights the strength of collective ownership and the resilience of decentralized projects.

A Community Takeover can take many forms, but at its core, it signifies the redistribution of power. Decisions about the project’s future—whether related to development, governance, or funding—are handed over to the hands of its users and supporters. This shift is often facilitated by decentralized governance mechanisms such as DAOs (Decentralized Autonomous Organizations) or token-based voting systems, ensuring that those with a vested interest in the project have a voice in its direction.


**Why Do Community Takeovers Happen?**

- Decentralization Goals - Decentralization is a foundational principle of blockchain technology. A Community Takeover reinforces this ideal by ensuring that no single entity has undue influence over the project.

- Team Exit or Transition - The original developers might exit due to financial constraints, burnout, or a desire to move on to other ventures. Rather than shutting down, transitioning to the community allows the project to thrive.

- Crisis Recovery - In some cases, a project may face issues like a declining user base, financial mismanagement, or reputational damage. A community-driven revival can restore trust and reinvigorate the ecosystem.

**Examples of Community Takeovers**

One of the most well-known examples of a Community Takeover is Dogecoin. Originally created as a lighthearted joke, Dogecoin’s founding developers eventually stepped back, leaving the project without a dedicated leadership team. Yet, the community rallied. With a shared enthusiasm for the cryptocurrency’s playful image and potential, they breathed new life into the project, even attracting high-profile advocates and pushing Dogecoin into mainstream awareness.

Another significant example is the transition from Steem to Hive. After the Steemit platform was acquired by the Tron Foundation, concerns over centralization and governance arose. In response, the Steem community forked the blockchain, creating Hive—a community-driven alternative that reflected their commitment to decentralization and transparency.

**How Does a Community Takeover Work?**

The mechanics of a Community Takeover vary depending on the project and the circumstances, but some common themes emerge. Typically, the process begins with the establishment of a decentralized governance system. This can take the form of a DAO, where decisions are made through proposals and on-chain voting by token holders. Such systems ensure that control is distributed across the community rather than concentrated in a single entity.

Once governance is in place, the community may organize itself into committees or working groups, each focusing on specific aspects of the project, such as development, marketing, or strategic partnerships. Funding often becomes a critical aspect of the transition, with treasuries supported by transaction fees, token inflation, or voluntary contributions playing a vital role in sustaining operations.

Despite their promise, Community Takeovers are not without challenges. Coordination among a diverse group of stakeholders can be difficult, especially in decentralized environments where participants have differing priorities. Financial sustainability is another concern, as communities must secure resources to support development and operational needs. Moreover, the absence of centralized leadership may lead to gaps in expertise or strategic direction. There is also the risk of governance manipulation, where large token holders disproportionately influence decisions, undermining the ideals of decentralization.


**The Significance**

Community Takeovers embody the essence of blockchain’s decentralized promise: that power can rest not with a single authority but with a collective. They demonstrate the resilience of cryptocurrency projects and their ability to adapt and thrive even in the absence of traditional leadership. For participants and investors, these takeovers represent both opportunities and risks, offering the potential for innovative, community-led growth while requiring careful evaluation of the project’s governance and direction.

In a space defined by its commitment to autonomy and shared ownership, Community Takeovers remind us that the future of blockchain technology lies not in the hands of a few but in the collective will of many. They serve as a powerful example of how communities can unite to preserve, rebuild, and reimagine the projects they care about most.



Here’s a closer look at what CTO is, how it works, and why it highlights the strength of collective ownership and decentralized resilience.

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WHAT IS COMMUNITY TAKEOVER (CTO)?

With a groundbreaking decision, BHO Network burned an additional 2.177 billion BHO tokens, increasing the total number of tokens used to 54.2% of the total supply. These tokens were sourced from the foundation reserve and 70% of the Core Team's assets. This determination marks a key step toward transforming BHO Network into a fully Decentralized Autonomous Organization (DAO). At the same time, the BHO token is entering a non-inflationary phase and will be deflationary over time.


- **Initial Total Supply:** 10,000,000,000 BHO

- **Current Total Supply:** 4,572,797,884 BHO (54.2% burned, with deflation continuing over time)
 
- **Circulating Supply:** 4,572,797,884 BHO


**Growth Journey**
 
 
Founded in early 2021, BHO Network successfully fundraised $3.7 million from the community. Since its launch, the project faced significant market challenges, such as the collapse of Luna and FTX in late 2021, or the substantial decline in Bitcoin's value and Crypto market throughout 2022 and 2023. Despite initial rumors that BHO would fizzle out within six months, the dedicated efforts of the entire team have enabled BHO to overcome these obstacles and has achieved critical milestones, even as many other projects were forced to cease operations.


**Top Picks**
 
- BHO Network Layer 1 (BHC20): A high-speed blockchain network is built on Polkadot's Substrate Framework, capable of processing up to 50,000 transactions per second with minimal fees. It currently supports partnerships with educational and financial institutions, and will be improved into Private Chains tailored to the specific needs of these organizations.

- 3s Wallet: 3S Wallet is a decentralized wallet with simple, user-friendly design. In just three simple steps, users are able to access and engage with the Web3 ecosystem. Integrated with AI technology, it safeguards user’s assets against attacks. Supporting over 20 blockchain networks, including both EVM and non-EVM, 3S Wallet has garnered over 100,000 downloads on the App Store.

-  BHO Pad: A DeFi platform that supports Web3 startups in raising capital and serves as a place for investors to stake BHO tokens for profit. In the near future, BHO Pad will be enhanced to become a Special Pad version, enabling investors to participate in promising projects with high profit potential, while also contributing to the deflation of the BHO token.
 
Mr. Dương Lê, Co-Founder and CEO/CTO of BHO Network, shared: *“Our team’s foundation is rooted in the field of Artificial Intelligence. Therefore, we aim to deeply integrate AI into our products to enhance security and experience for users in the near future. Following that, we intend to develop engaging platforms and applications for BHO holders, where the more BHO the users hold, the bigger their benefits will be.”*

 
**Commitment to the Community**
 
 
The determination to burn tokens is not merely an adjustment to the Tokenomics system, it signifies a firm commitment to build a strong governance model where every voice matters. Through this move of decentralization, the community will have full authority to determine the project's direction, ensuring that the growth of BHO Network is shaped and positioned by the collective will of its users rather than a centralized administrative organization.
 
*“For a Web3 technology project, the initial phase required the team to manage a significant amount of tokens to prevent potential manipulation by external forces. At an appropriate time, it was essential to re-allocate Tokenomics for sustainable progress. At BHO Network, we chose to burn all our reserved BHO tokens and 70% of the Core Team’s assets, aiming for comprehensive deflation and enhancing the scarcity of BHO Tokens. This move also serves as a testament to our unwavering commitment to the project over the years,”* - shared Mr. Nhật Phan, Co-Founder & Chairman of BHO Network.


**Comparison with Other Projects**
 

While BHO Network opts for a deflationary approach by burning tokens to reduce supply, many other projects choose to increase supply by minting additional tokens. Both burning and minting tokens have specific impacts on investors:
 
- Token Deflation: Burning tokens reduces the total supply, creating scarcity that can potentially increase the token's value if demand remains stable or rises. This strategy can attract long-term investors who believe in the project's sustainable growth.

- Token Inflation: On the other hand, minting additional tokens increases the total supply, which may lead to inflation and a decrease in token value if there isn't a corresponding growth in demand. However, this approach can provide the project with additional financial resources to support rapid development and expansion.
 
With this deflationary token strategy, BHO Network is fostering a more stable and sustainable investment environment, while underscoring the team’s commitment to the project and its community. This approach can strengthen investor confidence and promote the project's long-term growth.


**Transformation to a DAO**
 

Transitioning to a fully decentralized DAO structure marks a groundbreaking move for BHO Network and its community. A DAO places decision-making power in the hands of the community, allowing every token holder to propose, vote, and actively position the future of the project. By eliminating centralized control, BHO’s governance structure will stand as a conclusive proof of transparency and fairness.
 
Through this significant token burn, BHO Network is dispelling any concerns over opaque centralization, ensuring that its governance is now fully democratized. This action reflects the true spirit of blockchain technology — where no single entity holds disproportionate influence or control, and where collective community wisdom is the main factor determining the project's development.

With a groundbreaking decision, BHO Network burned an additional 2.177 billion BHO tokens, increasing the total number of tokens used to 54.2% of the total supply. These tokens were sourced from the foundation reserve and 70% of the Core Team's assets. This determination marks a key step toward transforming BHO Network into a fully Decentralized Autonomous Organization (DAO). At the same time, the BHO token is entering a non-inflationary phase and will gradually decrease over time.

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BHO Network has officially achieved full decentralization

**Bitcoin Core is the open-source software that powers the Bitcoin network, acting as the backbone of the Bitcoin blockchain and providing users with a full Bitcoin node and wallet capabilities. Developed and maintained by a team of dedicated volunteers and developers worldwide, Bitcoin Core offers a secure, transparent, and decentralized way to manage and validate Bitcoin transactions. Here’s a closer look at what Bitcoin Core is, how it works, and why it's so important to the Bitcoin ecosystem.**

**Understanding Bitcoin Core**

At its core, Bitcoin Core is software that runs on a computer to perform two main tasks:
- **Full Node Operations**: By running Bitcoin Core, users can set up a “full node.” This means the software downloads a complete copy of the Bitcoin blockchain (every transaction that has ever taken place), and it actively validates and broadcasts new transactions and blocks. This validation process is crucial to keeping the network decentralized, as it ensures that there’s no single point of control or manipulation.
- **Wallet Functionality**: Bitcoin Core also provides users with a Bitcoin wallet. This allows them to send, receive, and store their Bitcoin. Since Bitcoin Core is non-custodial, users retain full control of their private keys, which are required to access and manage their funds securely.

**Key Features of Bitcoin Core**

Some of the distinguishing features of Bitcoin Core include:
- **Decentralization and Security**: As a full node, Bitcoin Core supports the decentralized nature of Bitcoin by verifying each transaction independently. This removes the need for users to rely on third-party intermediaries, reducing the potential for fraud and keeping the network secure.
- **Transparency and Open Source**: Bitcoin Core is open-source, meaning its code is publicly available for anyone to review, modify, and contribute to. This openness has helped foster a robust and transparent community that constantly audits the code for security and efficiency improvements.
- **Consensus Rules and Upgrades**: Bitcoin Core enforces Bitcoin’s consensus rules, which govern how transactions are validated and how new blocks are added to the blockchain. The Bitcoin Core developers work collaboratively with the wider Bitcoin community to propose and implement upgrades to these rules, like the Segregated Witness (SegWit) soft fork in 2017, which helped improve scalability and reduce transaction fees.
- **Privacy and Security Features**: Bitcoin Core includes several privacy and security features, such as the ability to use Tor for increased anonymity and advanced encryption for securing wallets. These features make it a popular choice for users who prioritize privacy and security.

**How Bitcoin Core Works**

When you install Bitcoin Core and run it as a full node, it starts by downloading the entire Bitcoin blockchain. This process can take time and requires significant storage, but it ensures that you’re fully up to date with the history of all Bitcoin transactions. Once synchronized, Bitcoin Core verifies each new block and transaction independently by following the Bitcoin consensus rules. If a transaction or block doesn’t meet these rules, it’s rejected, helping to keep the network’s integrity intact.

Bitcoin Core users can also send and receive Bitcoin using the built-in wallet. When you initiate a transaction, Bitcoin Core creates a digital signature with your private key, ensuring that only you can authorize transactions from your wallet. The transaction is then broadcasted to other nodes for validation, ultimately making its way into a mined block.

**Why Bitcoin Core Matters**

Bitcoin Core is vital to the Bitcoin ecosystem for several reasons:

**1. Ensuring Decentralization**: By enabling users to run their own nodes, Bitcoin Core helps maintain Bitcoin’s decentralization, which is essential to its philosophy of financial sovereignty.

**2. Consensus and Network Security**: Bitcoin Core enforces Bitcoin’s consensus rules, ensuring that all nodes on the network are aligned in how transactions are verified and added. This keeps the network secure and robust against attacks or manipulations.

**3. Fostering Innovation**: Being open-source, Bitcoin Core invites contributions from developers worldwide. This helps drive innovation while ensuring that any updates or changes are thoroughly vetted by the community before being implemented.

**4. Promoting Privacy and Security**: Bitcoin Core’s features, such as Tor support and wallet encryption, make it a preferred choice for users who prioritize privacy and security in their Bitcoin transactions.

**Bitcoin Core is more than just software; it’s the backbone of the Bitcoin network, offering users a secure, decentralized way to interact with the Bitcoin blockchain. By running Bitcoin Core, users can participate in the Bitcoin network directly, without relying on intermediaries. This promotes a more decentralized, transparent, and secure system, which lies at the heart of Bitcoin’s mission. For anyone looking to engage with Bitcoin on a deeper level, understanding and using Bitcoin Core can provide invaluable insights and control over their cryptocurrency experience.**


Here’s a closer look at what Bitcoin Core is, how it works, and why it's so important to the Bitcoin ecosystem.

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WHAT IS BITCOIN CORE?

**In recent years, the cryptocurrency market has undergone unprecedented growth, bringing along innovative opportunities, investment possibilities, and challenges to the traditional financial landscape. However, this growth has also attracted scrutiny from regulatory bodies, particularly concerning its vulnerability to financial crimes like money laundering and terrorism financing. To address these emerging risks, the European Union implemented the 5th Anti-Money Laundering Directive (AMLD5) on January 10, 2020, marking a critical regulatory step in extending anti-money laundering (AML) obligations to the world of cryptocurrencies. As this directive continues to shape the industry, the crypto sector and investors alike must understand the implications and challenges it brings.**

**The Origins and Scope of AMLD5**

The EU’s Anti-Money Laundering Directive series has long sought to prevent money laundering and financing of terrorism by enacting stringent regulatory requirements across financial institutions within the Union. Previous iterations primarily focused on banks, insurance companies, and other traditional financial intermediaries. However, AMLD5 reflects a recognition by EU legislators that the digital financial ecosystem—particularly the cryptocurrency market—needed similar oversight due to the unique risks posed by these new financial instruments.

Under AMLD5, cryptocurrency exchanges and wallet providers are formally categorized as "obliged entities." This classification subjects these platforms to the same regulatory obligations as other financial institutions, specifically regarding the verification of customer identities, monitoring transactions, and reporting suspicious activities to financial intelligence units (FIUs). This expanded coverage is part of a broader EU initiative to bring transparency and accountability into the digital financial sector and is aimed at preventing illicit activities facilitated by the anonymous or pseudonymous nature of cryptocurrencies.

**Key Provisions of AMLD5 for the Crypto Sector**

AMLD5 introduced several new requirements to the cryptocurrency industry, with significant compliance obligations for exchanges and wallet providers. Among the most crucial provisions are:

**1. Customer Due Diligence (CDD) Requirements:** All crypto exchanges and wallet providers operating within the EU must perform Know Your Customer (KYC) and CDD checks. This process entails verifying customers' identities, particularly for transactions involving fiat currency or exchanges between digital assets. Platforms must also monitor for suspicious transactions and conduct ongoing scrutiny of user activity.

**2. Transparency and Information Sharing:** AMLD5 mandates that crypto platforms store information on beneficial ownership and make it available to relevant authorities. By increasing transparency, these provisions aim to prevent the misuse of crypto platforms by criminals attempting to mask the origin and destination of funds.

**3. Cross-Border Collaboration:** Recognizing that financial crime is often international, AMLD5 facilitates better collaboration between member states’ FIUs, allowing them to track and monitor crypto transactions across borders more effectively. This cooperation is critical, given the global reach and decentralized nature of cryptocurrencies.

**4. Suspicious Activity Reporting (SAR):** Like traditional financial institutions, crypto platforms are now required to file Suspicious Activity Reports (SARs) when identifying potentially illicit transactions. The requirement to report unusual activities to national FIUs is integral to disrupting the flow of criminal proceeds within the financial system.

**5. Limitations on Anonymity:** AMLD5 also limits the anonymity previously available in the crypto space. Anonymity concerns have been central to AMLD5’s objectives, as the directive seeks to curb the use of cryptocurrencies for illicit activities. Exchanges and wallet providers are compelled to reveal user information upon request, reducing the degree of privacy once enjoyed by crypto users.

**Effects of AMLD5 on the Cryptocurrency Industry**

The imposition of AMLD5 has brought a mix of positive outcomes, compliance burdens, and unintended consequences for the crypto industry, with implications for both platform operators and users.

**1. Legitimization and Mainstreaming of Cryptocurrency:** By bringing cryptocurrency exchanges and wallet providers into the regulatory fold, AMLD5 has contributed to legitimizing the industry in the eyes of regulators, investors, and financial institutions. Many institutional investors, previously wary of the potential reputational and compliance risks associated with crypto, are more willing to engage with the sector due to the enhanced regulatory oversight. This shift toward regulation has also encouraged greater integration of crypto with traditional financial markets, aiding its evolution from a fringe asset class to a more mainstream component of investment portfolios.

**2. Increased Compliance Costs for Platforms:** For cryptocurrency exchanges and wallet providers, compliance with AMLD5 has necessitated significant operational changes, including developing KYC systems, implementing transaction monitoring software, and hiring specialized compliance personnel. While larger platforms may be equipped to absorb these costs, smaller exchanges may struggle with the financial and logistical demands of compliance. Some smaller platforms have opted to cease operations in the EU rather than bear the costs and regulatory burden, leading to a more consolidated crypto market within the region.

**3. Challenges to User Privacy and Anonymity:** One of the core values of the cryptocurrency movement has been the provision of financial privacy and autonomy. AMLD5’s requirements for user identification and transaction reporting represent a challenge to this ethos, sparking concerns among privacy advocates who argue that these regulations undermine the decentralized nature of crypto. As users are required to provide personal information and disclose their transaction history, the crypto industry now faces an ongoing debate over balancing regulatory compliance with maintaining privacy.

**4. Regional Disparities in Compliance Standards:** Though AMLD5 is a directive binding on all EU member states, its interpretation and implementation can vary across jurisdictions. Different national interpretations can lead to inconsistent standards, creating regulatory arbitrage opportunities where users and companies may gravitate toward countries with less stringent requirements. These disparities underscore the need for more harmonized regulatory frameworks, an issue that will likely be addressed in future AML directives and EU initiatives such as the upcoming Markets in Crypto-Assets (MiCA) regulation.

**Implications for the Future of Crypto Regulation**

AMLD5, while comprehensive in its own right, represents only a starting point in the EU’s regulatory journey concerning digital assets. As financial crimes become increasingly complex, regulatory frameworks will continue to evolve, with AMLD6 and MiCA promising to further refine the EU's approach to crypto oversight. MiCA, specifically, is poised to establish a clearer regulatory structure for digital assets, addressing gaps that AMLD5 may not have adequately covered and proposing a standardized licensing framework across the EU.

The increased oversight may encourage the global adoption of similar standards. Countries outside the EU, particularly those with substantial cryptocurrency markets, are likely to observe AMLD5's impact closely and may consider implementing comparable regulations to mitigate the risks associated with digital assets while supporting legitimate use cases.

AMLD5 has ushered in a new era of regulatory scrutiny for the cryptocurrency industry, bringing the sector closer to traditional financial regulations while posing unique challenges. For regulators, AMLD5 is a powerful tool to curb financial crimes associated with cryptocurrencies, providing much-needed transparency and accountability. However, the directive has also sparked concerns about privacy, operational costs, and the possible stifling of innovation within the crypto space.

**As the regulatory landscape for crypto continues to evolve, the impact of AMLD5 will be a key case study in how traditional AML frameworks can be adapted to the digital age. By balancing security with innovation, the industry and regulators can work towards a future where crypto assets are both safe for investors and secure from misuse, paving the way for a more sustainable and robust cryptocurrency market within the EU and beyond.**


Join BHO Network to learn about the EU Anti-Money Laundering Directive No. 5 (AMLD5) and its impacts on the cryptocurrency market through today's article!

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EU’S 5TH ANTI-MONEY LAUNDERING DIRECTIVE (AMLD5)

**We are thrilled to announce our strategic partnership with RuneVM, an innovative Bitcoin Layer 2 project that aims to revolutionize the crypto ecosystem. This collaboration will focus on media and marketing, amplifying the visibility and awareness of RuneVM’s groundbreaking features while leveraging the strengths of 3S Wallet to reach a wider audience.**

**About RuneVM**

**RuneVM** is an upcoming bitcoin layer 2 with unique characteristics, incentives and a lot more to create a strong ecosystem. RuneVM is set to bring massive benefits to the market with its unique approach:

**1. Improving Liquidity:** RuneVM is dedicated to tapping into Bitcoin’s vast liquidity, enabling seamless integration of Bitcoin Runes into decentralized applications (dApps). This step will unlock new possibilities for Bitcoin users within the RuneVM ecosystem.

**2. Increasing Scalability & Reducing Gas Fees:** With zkRollups and zkSync, RuneVM efficiently handles transactions off-chain, easing the load on Bitcoin’s mainnet. This results in lower gas fees and uses BTC as gas, aligning with Bitcoin's liquidity and value proposition.

**3. Facilitating Interoperability:** RuneVM bridges the gap between Bitcoin and Ethereum, with plans to extend compatibility to other EVM chains through future partnerships. This cross-chain functionality is poised to open up new opportunities for seamless blockchain interaction.

**4. Enhancing Security and Privacy:** Leveraging zkSNARKs, RuneVM offers enhanced privacy, enabling the verification of transactions without exposing sensitive data, ensuring a secure and trusted network.

**About 3S Wallet**

**3S Wallet**, developed by BHO Network, is a multi-chain, non-custodial crypto wallet that prioritizes simplicity, security, and safety. Currently supporting a wide range of EVM and non-EVM chains—including Ethereum, BNB Chain, Solana, Cardano, and more—3S Wallet ensures users have easy and secure access to the expansive blockchain landscape.

Our standout feature, Active Defense, offers unmatched protection against phishing attempts and malicious dApps, making it the perfect wallet for both new and experienced Web3 users.

Through this partnership, 3S Wallet will utilize its expansive reach and community to increase awareness of RuneVM’s capabilities. Together, we aim to:
- Boost the adoption of Bitcoin-based dApps within RuneVM’s ecosystem.
- Educate and inform users about RuneVM’s potential to improve liquidity, reduce fees, and increase blockchain interoperability.
- Leverage 3S Wallet’s user base and marketing channels to showcase RuneVM’s unique features, driving wider recognition and trust.

**Stay tuned for exciting campaigns, educational content, and collaborative events as we embark on this journey to push the boundaries of what’s possible in the Web3 space.**

**Together, 3S Wallet and RuneVM are building a more connected, scalable, and secure blockchain ecosystem!**


We are thrilled to announce our strategic partnership with RuneVM, an innovative Bitcoin Layer 2 project that aims to revolutionize the crypto ecosystem.

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PARTNERSHIP ANNOUNCEMENT: 3S WALLET X RUNEVM

**Ethereum, the second-largest blockchain network in the world by market capitalization, is known for its pioneering role in the decentralized finance (DeFi) and smart contract ecosystems. The continuous evolution of Ethereum is not a result of arbitrary decisions but rather the outcome of a structured process involving its community, developers, and stakeholders. Central to this process is the Ethereum Improvement Proposal (EIP) system. But what exactly is an EIP, and how does it drive Ethereum’s progress?**

**The Genesis of EIPs**

Ethereum Improvement Proposals (EIPs) are the formal documents that outline technical improvements, new features, or changes to Ethereum’s protocol. These proposals are submitted by developers, researchers, and community members with the intent to foster innovation or address issues within the Ethereum ecosystem. Each EIP undergoes a rigorous review and discussion process before it is accepted, implemented, or rejected.

EIPs are not just limited to Ethereum's core protocol but can also cover standards for smart contracts, decentralized applications (dApps), or even user interfaces that interact with the Ethereum blockchain. In short, an EIP is a structured mechanism for anyone in the Ethereum community to propose, debate, and refine changes or additions to the Ethereum network.

The concept of EIPs was inspired by the Bitcoin Improvement Proposal (BIP) system, which serves a similar function for the Bitcoin network. However, Ethereum, given its more expansive scope due to its smart contract functionality, has adapted and expanded this model to accommodate its broader ecosystem.

**Structure of an EIP**

An EIP typically follows a standardized format to ensure clarity, consistency, and transparency. The main components of an EIP include:

**1. Title and Number:** Each EIP is given a unique number and a succinct title to identify it. The numbering starts at 1 and is incremented sequentially.

**2. Author(s):** This section identifies the individual or group of developers responsible for drafting the proposal.

**3. Status:** EIPs progress through several statuses, including "Draft," "Accepted," "Final," or "Rejected." The status indicates where the proposal stands in the review and implementation pipeline.

**4. Abstract:** A brief summary of the proposal, outlining its purpose and the problem it seeks to address.

**5. Motivation:** A detailed explanation of why the proposal is necessary. This section outlines the issue being solved and provides context for the proposed solution.

**6. Specification:** This is the technical heart of the EIP, where the actual implementation of the proposal is described. It details the specific changes that need to be made, the code involved, and any technical ramifications.

**7. Rationale:** Here, the author explains why the particular design and approach were chosen. This section often explores alternatives that were considered and rejected.

**8. Backwards Compatibility:** The author outlines how the proposal might affect the existing system and whether it could potentially break or disrupt earlier versions.

**9. Test Cases:** Any proposed changes must include test cases to ensure proper implementation and to verify that the solution works as expected.

**10. References:** Any supporting materials, research papers, or related EIPs are listed here.
This structured format allows anyone, from core developers to general users, to review the proposal with ease, promoting transparency and inclusivity in the Ethereum ecosystem.

**Types of EIPs**

EIPs can be categorized into three primary types, each with its own purpose and scope:

**1. Standard Track EIPs:** These are the most common types of proposals and are focused on changing the technical standards within Ethereum. This category includes proposals that modify core protocol specifications, client APIs, and networking. Standard Track EIPs are further divided into subcategories:

**a. Core EIPs:** These affect the Ethereum protocol itself and are typically the most impactful. They require consensus among Ethereum clients and users before implementation.

**b. Networking EIPs:** These propose changes to how Ethereum nodes communicate with each other over the network.

**c. Interface EIPs:** These deal with standards for Ethereum client APIs and smart contract interfaces, such as token standards like ERC-20.

**2. Informational EIPs:** Unlike Standard Track EIPs, Informational EIPs do not propose changes to the protocol. Instead, they provide guidelines or information to the Ethereum community. For example, they may describe best practices or standards for implementing certain functionalities.

**3. Meta EIPs:** Meta EIPs outline processes or changes to the decision-making and governance systems within Ethereum. They are proposals that impact the way other EIPs are managed or how the development process is structured.

**The EIP Process**

The EIP process is designed to encourage open discussion and collaboration across the Ethereum community. A typical EIP follows several stages before it is either accepted or rejected:

**1. Drafting:** Anyone can draft an EIP. The draft is usually discussed on developer forums like Ethereum’s GitHub repository, where developers and the broader community review and provide feedback.

**2. Discussion and Refinement:** After initial feedback, the EIP undergoes revisions. This stage may involve several rounds of updates and reviews, where the technical details are refined and the proposal is improved.

**3. Formal Review:** Once the EIP reaches a stable state, it is submitted for formal review. At this stage, core developers, stakeholders, and the Ethereum Foundation may weigh in to assess the proposal’s impact on the network and its feasibility.

**4. Acceptance and Implementation:** If the proposal passes the formal review stage, it is marked as "Accepted." From here, the EIP is implemented into Ethereum's codebase during future network upgrades or hard forks.

**5. Rejection or Dormancy:** If a proposal does not gain sufficient support or presents issues during review, it can be rejected. Alternatively, some EIPs may enter a dormant state if no further action is taken.

**Significant EIPs**

Several EIPs have played critical roles in shaping Ethereum as it exists today. One prominent example is EIP-1559, introduced in 2021. EIP-1559 proposed a major overhaul to Ethereum's transaction fee system by introducing a base fee that is burned, reducing Ethereum’s inflationary pressure and improving user experience with more predictable fees.
Another notable example is EIP-721, which introduced the concept of Non-Fungible Tokens (NFTs). This standard has had a massive impact on Ethereum's ecosystem, enabling the proliferation of digital art, collectibles, and other unique digital assets.

**EIPs are at the core of Ethereum’s evolutionary process. They serve as the backbone for the community-driven, transparent, and decentralized development of the Ethereum blockchain. Through EIPs, anyone in the Ethereum ecosystem can propose improvements, ensuring that the network remains flexible, secure, and innovative. This open and collaborative approach is a testament to the ethos of decentralization that underpins Ethereum, allowing it to continually evolve in response to both technical challenges and community needs.**

What is Ethereum Improvement Proposal (EIP) and how does it promote the development of Ethereum?

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WHAT IS AN ETHEREUM IMPROVEMENT PROPOSAL (EIP)?

**Micropayments are a relatively new concept in the world of online transactions. As the name suggests, they are small payments, usually made for digital goods or services and typically ranging from a few cents to a few dollars.**

While traditional payment methods like credit cards and bank transfers are not always practical for such small transactions, micropayments offer a convenient and cost-effective way to pay for online content such as articles, videos, music and games.

**Micropayments** have the potential to unlock a multitude of benefits in the cryptocurrency world. One significant advantage is the enabling of fractional consumption. That means that instead of paying for a full product or service, like a monthly subscription to a news website, users can pay a tiny amount to access individual articles. This model can lead to fairer pricing and gives consumers more control over their spending. This is particularly beneficial for those who only require limited or occasional access to specific services.

Another advantage of crypto micropayments is their potential to facilitate monetization for creators and providers of digital content. This can range from blog posts and news articles to music, videos, and other forms of digital media. By allowing users to make small payments, creators can generate revenue from their content without needing to rely on advertising or subscription models. This could democratize the digital content industry and open up new revenue streams for creators.

Crypto micropayments can also be beneficial in the realm of machine-to-machine transactions. In the era of the Internet of Things (IoT), machines can communicate and transact with each other. Small payments can be made for services like data sharing or energy transfer, which could revolutionize industries like energy distribution and data services.

**How micropayments are enabled by blockchain technology**

Blockchain technology can serve as a significant enabler of micropayments, overcoming the limitations of traditional financial systems and providing a platform for small-scale transactions. In traditional banking systems, the cost of processing small transactions often outweighs the value of the transaction itself, rendering micropayments economically infeasible. However, blockchain technology, with its decentralized nature and reduced transaction costs, offers a viable solution for facilitating micropayments.

Unlike traditional currencies, cryptocurrencies can be divided into very small units, allowing for transactions of minuscule amounts. For example, Bitcoin can be divided down to one hundred millionth of a coin, known as a Satoshi, enabling the transfer of extremely small sums.

**However, it's important to note that while blockchain technology can enable micropayments, its widespread adoption faces challenges. These include the scalability of blockchain networks, user experience, and regulatory issues. Yet, with continued technological advancements and growing acceptance of cryptocurrencies, the potential for blockchain-enabled micropayments remains promising.**

Learn about Micropayment with BHO Network through today's article!

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WHAT IS MICROPAYMENT?

****Vtrading**, a leader in digital asset AI quantification services, and **3S Wallet**, a multi-chain non-custodial crypto wallet developed by BHO Network, are excited to announce their strategic partnership. This collaboration will focus on media and marketing efforts, aiming to increase visibility and enhance the user experience across both platforms. Together, the two companies seek to drive innovation and accessibility in the fast-evolving digital asset and blockchain space.**

**Vtrading** is a platform that offers advanced digital asset AI quantification services designed to simplify quantitative trading for users at all levels. With an intuitive interface and a wide range of tools, Vtrading makes it possible for users to create and execute trading strategies without requiring coding expertise. Vtrading provides users with comprehensive tools such as an asset management system, intelligent documentary system, and independent discount systems. It also offers large customer-specific customized distribution services and third-party embedded systems. These advanced features enable even novice traders to participate in quantitative trading without the steep learning curve often associated with coding.

By making quantitative trading more accessible, Vtrading is breaking down barriers and empowering users to harness the power of AI-driven trading strategies, no matter their level of experience.

**3S Wallet** is a multi-chain, non-custodial crypto wallet created by BHO Network, designed to meet the growing demands of blockchain users. Built around three core principles—Simple, Secure, and Safe—3S Wallet aims to provide users with the best in terms of technology, security, and user experience.

Supporting a vast range of blockchain networks, 3S Wallet is compatible with EVM-based layer 1 and layer 2 chains such as Ethereum, BNB Chain, Base, Arbitrum, Optimism, and Linea, as well as non-EVM chains like Tron, Polkadot, Solana, and Cardano. This broad support gives users easy access to the expansive blockchain space, allowing them to manage their digital assets across multiple networks.

What sets 3S Wallet apart is its unique Active Defense feature. Designed to protect users from phishing attacks and malicious dApps, this security feature ensures that both new and experienced users can navigate the decentralized world with confidence. With over 70,000 downloads and 18,000+ monthly active users, 3S Wallet is rapidly becoming a go-to solution for crypto enthusiasts looking for a secure and user-friendly multi-chain wallet.

The partnership between Vtrading and 3S Wallet is focused on a collaborative marketing and media strategy that will combine the strengths of both companies to expand their reach and enhance user engagement. The scope of the partnership includes:

Vtrading and 3S Wallet will co-create and launch marketing initiatives that target both their user bases, offering cross-promotions and special campaigns aimed at increasing platform awareness.

**The partnership between Vtrading and 3S Wallet is set to transform the digital asset and blockchain landscape through a shared focus on media and marketing collaboration. Together, the two companies will create a seamless experience for users, combining the power of AI-driven trading strategies with the security and accessibility of a multi-chain crypto wallet.**

Stay tuned for upcoming joint initiatives, content releases, and events as Vtrading and 3S Wallet continue to reshape the digital asset space.


3S Wallet is pleased to announce a strategic partnership with Vtrading, a pioneer in providing AI quantitative services for digital assets.

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PARTNERSHIP ANNOUNCEMENT: VTRADING AND 3S WALLET

**A Decentralized Autonomous Organization (DAO) is a novel way of organizing collective decision-making without central leadership. Instead of traditional hierarchical structures, DAOs use blockchain technology and smart contracts to facilitate governance. Running a DAO involves technical setup, community building, and governance management, all of which rely on decentralized principles.**

This article provides a comprehensive guide on how to operate a DAO, covering both the technical and organizational aspects necessary for a successful operation.


**1. Understanding the DAO Framework**

At its core, a DAO is a decentralized entity where decision-making authority rests with its members, not a central authority. The rules of the DAO are encoded in smart contracts that execute decisions based on member votes, making the organization transparent and trustless. Key components of a DAO include:
Smart Contracts: These are self-executing contracts with rules embedded in the blockchain, governing how the DAO operates. The smart contracts control everything from voting mechanisms to the allocation of funds. Proficiency in Solidity (Ethereum’s coding language) or equivalent blockchain programming languages is required to manage smart contracts.

* **Governance Tokens**: Members of a DAO typically hold governance tokens that give them voting power. Each token holder can vote on proposals, and their influence is proportional to the number of tokens they own. Tokenomics is crucial to the fair and balanced distribution of power within the DAO.

* **Decentralized Voting**: Voting in a DAO is typically executed on-chain, meaning all votes and their outcomes are recorded on the blockchain. The results are automatic, and no central party can alter or reverse them.

**2. Choosing the Right Blockchain for Your DAO**

The blockchain that hosts your DAO is vital for its operation. Ethereum is the most popular blockchain for DAOs because of its mature smart contract infrastructure, but there are other options:
* **Ethereum**: With a large developer community and broad support for decentralized applications (dApps), Ethereum remains the dominant platform. However, its high gas fees and slower transaction times can be a challenge for smaller DAOs.

* **Polygon**: An Ethereum-compatible Layer 2 solution, Polygon offers lower gas fees and faster transactions, making it suitable for DAOs with frequent proposals and votes.

* **Binance Smart Chain (BSC)**: With faster transaction speeds and lower fees compared to Ethereum, BSC is a popular alternative, especially for projects prioritizing cost-efficiency.

* **Solana**: Known for its high throughput and low transaction costs, Solana is ideal for DAOs looking to operate at scale with minimal transaction fees.

Your choice of blockchain should reflect the needs of your DAO in terms of transaction volume, speed, cost, and developer resources.

**3. Smart Contract Development and Security**

Smart contracts are the backbone of a DAO. They govern all the rules, from voting to fund management, making them essential for smooth operations. Smart contracts must be:
* **Well-Audited**: Before deployment, all smart contracts should undergo rigorous security audits by reputable firms. This step is non-negotiable, as vulnerabilities in smart contracts have led to significant losses in past DAOs (e.g., The DAO hack in 2016).

* **Immutable Yet Upgradeable**: Once a smart contract is deployed, it should be immutable to prevent tampering. However, it’s important to have a system in place for upgrades. Some DAOs use a proxy pattern, allowing for the logic of the contract to be upgraded without changing the original contract’s address.

* **Flexible but Transparent**: Smart contracts need to account for different types of proposals and voting systems. They should also be transparent so that every member can easily access and verify the contract’s code and functions.

**4. Governance Structures**

Governance is the heart of any DAO. Without a solid governance structure, a DAO can quickly become ineffective or be taken over by a small group of large token holders. Here are several governance models that DAOs can implement:

**A. Direct Voting (One Token, One Vote)**

In this model, each token represents one vote, and members vote directly on every proposal. This is simple to implement but can lead to power concentration if a few members hold a large portion of the tokens. To mitigate this, DAOs can introduce quadratic voting, where the cost of each additional vote increases, giving more power to smaller token holders and reducing the influence of whales.

**B. Liquid Democracy**

Liquid democracy allows members to delegate their voting power to others they trust. This hybrid approach combines the benefits of representative democracy and direct voting. Members can vote directly on issues they care about or delegate their vote to experts in specific areas.

**C. Reputation-Based Governance**

Some DAOs prefer reputation-based systems where governance tokens are earned through participation or contributions, rather than bought. This ensures that power is concentrated among those who have demonstrated a vested interest in the DAO's success.

**5. Proposal and Voting Mechanisms**

A key operational task in running a DAO is managing proposals and votes. Proposals are the primary way members initiate changes or new initiatives, and the proposal process must be clearly defined. Typical proposal management systems include:
Formal Guidelines: Set clear guidelines for submitting proposals, including a detailed description of the change or initiative, its impact, and the requested budget (if applicable).

* **Threshold for Proposals**: Implement minimum voting thresholds to ensure that only proposals with sufficient community backing are implemented. This can be as simple as requiring a minimum number of votes for the proposal to be valid.

* **Voting Period**: Establish a standard voting period for each proposal, giving all members enough time to review and cast their votes. The length of the voting period will depend on the DAO's activity level and the urgency of the proposals.

Although DAOs are decentralized, some jurisdictions offer legal recognition for DAOs. Wyoming, for example, allows DAOs to register as LLCs, offering certain legal protections. DAOs should work with legal professionals to ensure they comply with local laws and avoid legal pitfalls.

**Operating a DAO requires a careful balance of technical expertise, community engagement, and transparent governance. By building a solid foundation of smart contracts, creating a fair governance model, and fostering an active and engaged community, DAOs can unlock the full potential of decentralized decision-making. While challenges like legal uncertainty and security risks remain, a well-run DAO can achieve outcomes that traditional organizations cannot. As blockchain technology evolves, DAOs will continue to play a pivotal role in shaping the future of decentralized governance.**


This article provides a comprehensive guide on how to operate a DAO, covering both the technical and organizational aspects necessary for a successful operation.

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HOW TO OPERATE A DAO?

**We are thrilled to announce a strategic partnership between 3S Wallet , a trusted multi-chain, non-custodial crypto wallet, and MintSwap, the first decentralized exchange (DEX) and NFT marketplace built natively on the Mint Blockchain. This collaboration focuses on media and marketing, aiming to expand access to blockchain innovation while enhancing the user experience for Web3 enthusiasts.**

**About MintSwap**

**MintSwap**, is reshaping the Web3 landscape with its all-in-one platform, offering seamless token trading, NFT marketplace capabilities, and NFTFi tools. Designed to simplify the token lifecycle, MintSwap provides exclusive tools for developers, such as fair launch mechanics and advanced token management solutions. For general users, it delivers enhanced yield opportunities, liquidity pools, and social and analytic features, creating a dynamic and user-friendly trading experience.

On the other hand, **3S Wallet**, developed by **BHO Network**, stands out as a reliable and secure multi-chain wallet built around three pillars: simplicity, security, and safety. Supporting a wide range of EVM and non-EVM chains—including Ethereum, Solana, Polkadot, and the Mint Blockchain—it provides users with unparalleled access to blockchain technologies. Its standout **Active Defense** feature protects users against phishing attacks and malicious dApps, offering a secure entry point into Web3 for new and experienced users alike.

This partnership brings together the strengths of **MintSwap** and **3S Wallet** to enhance the Mint Blockchain ecosystem. By combining MintSwap’s cutting-edge DEX and NFT tools with 3S Wallet’s secure infrastructure, the collaboration ensures a smooth and efficient user experience. Joint marketing initiatives will highlight the unique capabilities of both platforms, educating users and encouraging engagement within the ecosystem.

Together, **3S Wallet** and **MintSwap** aim to redefine how users interact with blockchain technologies, creating a secure, accessible, and rewarding environment for all.

Stay tuned for updates as this partnership sets new benchmarks for innovation in the Web3 space.


Partnership Announcement: 3s Wallet And MintSwap Partner To Elevate The Ecosystem

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