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First benchmarks of Apple’s ARM macOS development kit surface online




Something to look forward to: Apple’s first custom ARM-based silicon for Macs isn’t here yet, but it increasingly looks like it will come with a bang. The developer transition kits that Apple is sending out uses a chip designed for iPads and they are showing decent performance compared to other solutions even when running x86_64 code under emulation. The first official processor to be used on Apple Silicon Macs is expected to surpass that by a wide margin.

Apple unveiled plans to transition Macs to its own processors based on the ARM architecture during WWDC 2020 last week. While the transition comes as great news for ARM and re-ignites dreams of a future where a MacBook could last an entire day on battery, there was no definitive word about the performance of Apple’s upcoming processors.

The company has started sending out developer kits that look like Mac minis, but inside come packing an A12Z SoC paired with 16 GB of RAM and a 512 GB SSD. The first benchmarks are in, and it looks like Apple’s first ARM-based Mac platform is able to get an average of 811 points in the Geekbench single-core test and 2,781 in the multi-core test. It should be noted that these results were obtained using Apple’s Rosetta 2 virtualization/translation solution, so it’s more of a representation of how apps would work when they haven’t been ported to work natively on the new platform.

While only a rough comparison, Microsoft’s Surface Pro X powered by custom silicon based on Qualcomm’s Snapdragon SQ1 gets an average score of 726 points in the Geekbench 5 single-core test and 2,831 points in the multi-core test. On first impression, this would look as if the A12Z is only able to edge the Snapdragon solution in the single core test. However, the Surface Pro X tests were performed using a native ARM build of Geekbench 5, which means that Apple’s A12Z running at 2.4 GHz and an emulated version of the benchmark nearly beats the custom Microsoft chip, running at 3 GHz on native software.

Compared to the 2018 iPad Pro, which features the A12X Bionic processor that served as the foundation for the A12Z (the latter gets an extra GPU core), it performs rather poorly. But in this instance the iPad Pro is running a native ARM build of Geekbench, which is how it’s able to achieve ~1,100 points on the single-core test, and 4,600 on the multi-core test. These results are similar to those of the A12Z-equipped iPad refresh from earlier this year.

The 2020 MacBook Air equipped with a dual-core, Intel Core i3-1000NG4 CPU gets around 1,005 points on the Geekbench single-core test and 2,016 points on the multi-core test. When equipped with the more powerful, quad-core Intel Core i7-1060NG7, the results jump to 1,133 points and 2,990 points, respectively. Meanwhile, a Windows desktop PC sporting a Ryzen 5 3600 processor scores 1,254 points in Geekbench’s single-core test and 7,497 in multi-core. Bump that to a 3950X CPU and the single-core score hardly moves, while multi-core goes through the roof to around 15,000 points. This is to say, Geekbench is far from a definitive test.

Overall, these results aren’t all that surprising and not what Apple intends to ship in its first Apple Silicon Mac later this year. That device will most likely sport a much beefier, 5nm or 7nm chip based on the A14 SoC that will power the iPhone 12 and next year’s iPad.

The benchmark scores for Apple’s ARM-based developer transition kit don’t tell the whole story, but they do offer some interesting insights into the impact of Rosetta 2 on performance. It appears that running x86_64 apps that haven’t been ported to ARM64 will lead to a performance hit of anywhere between 25 and 40 percent. Apple has planned a two year transition to ARM, and this will be an important factor to consider for developers of popular apps.

It’ll be interesting to watch which Mac is the first to be transitioned to Apple silicon, too. Some speculate it will be the MacBook Air, which is a mainstream laptop offering. Others including Ming Chi-Kuo believe the 13″ MacBook Pro will be Apple’s first choice, followed by a redesigned 24-inch iMac next year.



Synthetix Full Guide and Review: Making Money Staking SNX




Synthetix is one of the most unique and wildly successful DeFi projects in crypto. It consists of a decentralized exchange and an asset issuance platform built on Ethereum.

Synthetix allows users to issue and trade these so-called synthetic assets, which are representations of real assets such as cryptocurrencies, fiat currencies, stocks, commodities, and virtually anything that has value. As part of keeping the system together, the platform also has a money-making scheme (staking) in place.

In this guide, we are gonna go indepth on how the system works and relates with one another without dabbling into jargons ‘normal’ crypto people couldn’t understand. And of course, no DeFi guide is complete without showing the steps to monetize the platform. SNX staking is one of DeFi’s hottest passive income-generating strategies today.

Table of Contents


Kain Warwick, Founder of Synthetix

Synthetix was originally created as Havven back in 2017. It was founded by Kain Warwick, who happens to also be the creator of Australia’s largest crypto payment platform. Havven was able to raise about $30 million via an ICO held in March 2018, amidst the crash of the market.

Among the executive team is CTO Justin Moses, who was the Director of Engineering at MongoDB, as well as Senior architect Clinton Ennis, who has 18 years experience as a software engineer and was the former Architect Lead at JPMorgan Chase.

What is Synthethix?

Synthethix is a DeFi ecosystem consisting of a decentralized exchange and asset issuance platform maintained by a staking-based incentive mechanism. It allows users to speculate on cryptocurrencies and just about any real world assets like stocks, fiat currencies, precious metals, etc. Like most DeFi projects, Synthetix is built on Ethereum.

The main goal of the project is to keep the exchange running and maintain its decentralized structure through an incentive mechanism based on a combination of staking, collateral, fees, and inflation. Basically, it allows anyone to create synthetic assets that can track the price of its real-world counterpart. This can be done by locking up the platform’s native asset SNX into the protocol.

One of the key selling points of the Synthetix project is that it can funnel some of the trillions of dollars of assets from traditional financial markets to the Ethereum network. And it does this through decentralized and permissionless means.

Imagine having everyone in the world given the ability to gain exposure to traditional markets like Tesla stocks, high premium bonds from foreign nations, real estate, etc. without having to deal with tedious financial regulations and requirements.

On the seller side, individuals can easily mint whatever synthetic assets they want or can access to, and earn passive income from the fees generated from people buying the synthetic assets. With that in mind, the Synthetix team and community envisions a world where anyone can create or be exposed to any asset they want and trade them in a global permissionless network.

Synthetix Exchange

The Synthetix Exchange is a decentralized exchange (DEX) built on the Synthetix protocol that launched in 2018. It currently lists 19 assets and has 31 trading pairs available. As of July 4, it’s last trading volume is reported to be at roughly $13.7 million, averaging between $13.5 to $14 million per day.

As a permissionless exchange, it has no border restrictions and grants anyone in the world access to its market. To trade on the exchange, simply go to and connect using any web3 wallet such as MetaMask.


Synthetix Exchange interface

As you can see from above, the exchange interface is simple and easy on the eyes (it has light mode too). The only drawback is that it’s trading view uses a line chart instead of a candle chart, which most traders use. We’re not sure why Synthetix decided to remove their candle chart.


The DEX charges users with 0.30% for both maker and taker fees for every trade. This is quite high compared to the industry standard for exchanges, which is 0.15%-0.25%. Some new exchanges are even charging as low $0.10% or don’t charge at all.

For what it’s worth, the fees will be used to reward the stakers who are constantly providing tokens and liquidity to the exchange. Furthermore, there are no withdrawal fees since trading is executed directly from wallet to wallet.

And remember, you still have to pay extra fees for gas since you’re technically using the Ethereum blockchain for your trading. Gas costs generally depend on the number of users using Ethereum.

Exchange security

Hacks are commonplace in the DeFi space. And Synthetix, unfortunately, has its own incident back in June 2019 when cybercriminals were able to loot 37 million synthetic Ether (sETH). And there is no guarantee that something like this won’t happen to Synthetix again.

However, DeFi platforms like Synthetix are expected to become more secure and better over time as they develop more robust and secure protocol upgrades, as well as become more ‘tested’ in the treacherous waters we call the cryptosphere.

Native Assets

The Synthetix platform has two different types of tokens:

  1. SNX tokens
  2. Synths

SNX Token

SNX is the main token of the platform and is used to create synthetic assets (Synths). SNX stakers can buy SNX tokens from any crypto marketplace and lock them in a compatible wallet.

Once the SNX token are locked up, they can be used to mint new Synths.

The SNX monetary supply was deflationary up until March 2019, when Synthetix implemented an inflationary monetary policy to incentivize stakers to create more Synths. The total amount of SNX issued was changed from the initial 100 million tokens to 250 million tokens by 2025.

After the implementation, the network saw a huge spike in user participation, as well as an accompanying jump in the value of SNX.

Although SNX was not created as an investment tool per se, the token has seen a massive surge in price very recently. It went from $0.79 at the start of June to about $2.54 in July.


Synth tokens are the synthetic assets created when locking up SNX tokens. They are technically representations of real world assets in the form of Ethereum-based tokens.

Types of synths

  1. Fiat Synths: sUSD, sEUR, sKRW, etc.
  2. Crypto Synths: sBTC, sETH, sBNB, etc.
  3. Stock Synths: sTSLA (synthetic Tesla), sAAPL (synthetic Apple), etc.
  4. Commoditity Synths: sAu (synthetic gold), sAg (synthetic silver), etc.
  5. Index Synths: sDEFI, sCEX
  6. The sky is the limit.

Stakers incur debt when minting Synths. As a consequence, they have to pay back the same value in Synths before they can retrieve the locked-up SNX. The value of a Synth is subject to change over time.

Therefore, a user might have to pay a different amount of Synth when they withdraw compared to the time the Synth was newly minted. Uniquely, issuers are not required to pay the same type of Synth that they have initially minted. The system accepts any type of Synth to repay a debt as long as it has the same market value as the Synths they ought to pay.

Another requirement for issuing Synths in the system is a collateralization rate of 750%. For instance, if you want to mint 100 sUSD, you need to lock up $750 worth of SNX tokens. This large collateralization requirement is necessary to cushion the platform against sudden and/or extreme market movements.

If the ratio drops below 750%, the fee rewards become unclaimable unless the ratio is brought back to 750% and above. This mechanism is meant to keep the price of Synths stable.

It needs to be noted that holding a Synth is not the same as actually holding an asset. For instance, a sTSLA token has the same price as a Tesla share, but without the dividends a Tesla shareholder might receive.

How To Make Money Staking SNX

Before you dive into the walkthrough, make sure you are aware of the risks involved in staking. While their risks may not be as high as investing in an ICO, staking rewards don’t come for free either.

By minting Synths, you claim a fraction of the system’s debt pool. This debt pool accounts for the total value of all Synths in the system. Furthermore, this debt can rise and fall independent of the original value of your minted Synths, since it is based on the exchange rates and supply of Synths.

Let’s take an extreme scenario. Say, the majority of Synth holders are holding sBTC, then the price of BTC doubles. In that case, the size of the debt pool will increase drastically, which means the debt of each staker would also increase proportionally to the amount of increase in total debt of the system.

If you’re all good with that, then let’s begin your staking journey. First of all, you must acquire SNX tokens first. You can buy them from several exchanges in the space.

After you have acquired SNX, be sure to transfer them to a web3 wallet; either MetaMask, Trezor, Ledger, WalletConnect, or Coinbase wallet.

Once you have your SNX in a web3 wallet, visit Mintr. Mintr is a dApp that providers users with an intuitive interface for minting Synths, managing SNX, and simply participating in the Synthetix ecosystem in general.

Connect your web3 wallet to Mintr, and you will be directed to the homepage. The wallet details are displayed on the left-side while the functionality options are placed on the right.

If you want to mint sUSD for instance, you’re gonna have to input the amount of sUSD you want. And remember, the collateralization requirement is 750%. As of the time of writing, $750 is worth 318.03 SNX, so that’s the amount I need to pay in order get 100 sUSD.

As you can see from below, I do not have the required balance since this wallet is for demo purposes only. But when you’re working with the real thing, all you gotta do is click ‘MINT NOW’ after you’ve input the right amount of sUSD or whatever token you choose.

After clicking ‘MINT NOW’, you need to confirm the transaction in your web3 wallet. Once confirmed, your SNX becomes automatically staked and you will receive a proportional amount of sUSD or whichever synthetic asset you created.

You can then begin trading your synthetic assets on the Synthetix exchange, as well as other exchanges that have synthetic asset trading pairs.

So how will you make money? There are two types of rewards you’ll get here:

  1. sUSD fee rewards generated from Synthetix exchange fees
  2. SNX inflation rewards

These rewards need to be manually claimed regularly (each fee period is typically once a week) or they will be returned to the Synthetix pool and given to other stakers. And remember, the collateralization ratio must be kept at 750% and above otherwise you can’t claim your reward.


Synthetix has become one of the leading projects in the DeFi space (currently the fourth largest in market cap) by offering derivatives and other synthetic assets to anyone in the world. DeFi has thrived in the last couple of years and is now considered one of the hottest subsectors in crypto.

Considering the trillions of dollars flowing in centralized finance (CeFi), DeFi platform like Synthetix have enormous room for growth in the next few years. And judging by Synthetix’s performance, it is likely to stay in the long run.

The question is, will it remain on top? It is currently competing with multiple equally-amazing projects that are offering similar solutions.


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Greenspin Presents Gods Of Gold: InfiniReels




Greenspin Presents Gods Of Gold: InfiniReels

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Altcoin Explorer: Elrond (ERD), the Internet Scale Blockchain




Elrond (ERD) is an enterprise-grade, highly-scalable, blockchain protocol that utilizes the Secure-Proof-of-Stake (SPoS) consensus algorithm. After having successfully completed its initial exchange offer (IEO) through Binance Launchpad, Elrond has emerged as one of the most promising projects that seek to address some of the major pain points of all blockchain projects, such as scalability, interoperability, and high-throughput, among others.

In this Altcoin Explorer, BTCMananger deep dives into the Elrond ecosystem. We look at the tech infrastructure underpinning Elrond, exchange support, partnerships, and other factors that separate Elrond from the vast majority of other distributed ledger technology (DLT) projects vying to effectively tackle blockchain’s most apparent bottlenecks today.

IEO and Exchange Support

Elrond successfully completing its initial exchange offering (IEO) last year, raising $5.1 million on Binance Launchpad – the security token offering platform of Binance crypto exchange. The protocol’s native digital token, ERD, was listed on Binance on July 4, 2019, with several trading pairs: ERD/BTC, ERD/BNB, ERD/USDT, ERD/USDC, and ERD/PAX.

Notably, ERD tokens are powered by the Binance Chain and can be easily stored on any of the Binance BEP2 compatible wallets. Some of the most secure cryptocurrency wallets that support ERD are Ledger Nano S (Hardware), Guarda Wallet (Desktop and Mobile), Binance Chain Web Wallet (Web), Trust Wallet (Mobile), and Ellipal Wallet (Hardware).

Most recently, Binance-backed Indian cryptocurrency exchange WazirX announced the listing of ERD.

Tech Infrastructure Powering Elrond

Elrond stands apart from a sizeable number of other blockchain projects courtesy of its innovative approach to achieving scalability consensus algorithm. Below, we explore Elrond’s Adaptive State Sharding and Secure Proof-of-Stake (SPoS).

Adaptive State Sharding

In essence, Elrond is a sharded smart contracts execution platform that leverages the SPoS consensus algorithm to provide enterprise-grade ready-to-deploy scalable blockchain solutions.

Elrond uses adaptive state sharding which is essentially an amalgamation of network sharding, transaction sharding, and state sharding. This cohesive sharding protocol not only helps Elrond scale efficiently but does it so without affecting availability that ensures no down-times on the network. In addition, adaptive state sharding fosters quicker dispatching and instant traceability among the shards by making the process of computing the destination shard a deterministic and trivial one, thereby, eliminating the need for communication rounds.

Elrond’s unique approach to sharding helps it not only scale a high number of transactions (approx 100,000 TPS) but also makes the protocol increasingly decentralized as more computers join the network.

Elrond’s Secure-Proof-of-Stake (SPoS) Consensus Algorithm

In order to address the consensus problem that plagues a vast majority of blockchain projects today, Elrond uses the SPoS consensus mechanism. This innovative consensus algorithm not only largely mitigates attack vectors typically associated with energy-intensive Proof-of-Work (PoW) consensus algorithm but also facilitates high-throughout and fast execution of transactions on Elrond.

To explain in brief, the SPoS algorithm chooses validators for consensus using a randomness source that can neither be predicted nor influenced. The absolutely random nature of the process of the selection of validators for the next block, coupled with the minuscule time required to choose a consensus group (approx 100 ms), helps tremendously bolster the security infrastructure of the Elrond protocol.

Further, akin to other blockchain protocols built on the PoS consensus algorithm, SPoS selects validator nodes depending on the amount of ERD tokens staked by their operators. In addition, each validator has its own rating score that is also considered when selecting a validator node. This mechanism promotes meritocracy among validators, thereby, incentivizing their operators to keep the nodes running without any hindrance.

Staking ERD

ERD holders can stake their tokens to earn rewards.

With its mainnet slated to go-live on July 30, Elrond has launched Genesis staking to bootstrap the growth of the protocol.

Genesis staking is the final phase leading up to Elrond’s mainnet launch. Through Genesis, all ERD holders can stake their tokens to support the Elrond network and mainnet launch. At the same time, the validators and delegators can start earning rewards based on the number of ERD they stake.

At present, i.e., before the mainnet launch, validators and delegators can earn a healthy yearly return of 25% on their ERD holdings. This rate of return is expected to further shoot up after the mainnet launch to up to 36%.

After the launch of the Elrond mainnet, the total number of ERD tokens will reach a fixed supply. Concurrently, the upper ceiling for staking will rise to 1,672,500,000 ERD. To make room for increased network activity, the total number of nodes will also surge to 2,169. At press time, the official Elrond site reports that close to 39% of ERD tokens have already been staked which elicits the confidence ERD holders place in the project.

Major Partnerships and Integrations

To date, Elrond has inked a swathe of partnerships with enterprises from different industries to help them leverage the benefits of the blockchain protocol.

In November last year, Samsung integrated ERD token on its blockchain wallet in a “mutually beneficial” partnership. The integration gives Samsung users easy access to the ERD token and decentralized apps (dApps) powered by the Elrond blockchain. It also gives Elrond direct exposure to millions of Samsung smartphone users the world over.

Similarly, on June 18, Elrond announced a partnership with leading blockchain travel platform enabling its users to book travel flights and accommodations across the world with ERD.

On a recent note, Elrond integrated with public blockchain protocol Shyft Network. The alliance enables Elrond accounts & smart contracts to participate in a larger ecosystem that facilitates attestation, consent management, identity frameworks, and adding additional context to data originating from various public or private systems.

Bottom Line

Amid a flurry of PoS blockchain protocols, Elrond has cemented itself as an enviable outlier with its creative and robust methods of overcoming the tech hurdles associated with virtually all DLT projects today.

Elrond’s adaptive state sharding and SPoS consensus algorithm is a testimony to the project’s unique approach to doing blockchain right.

With a highly determined team and the financial backing of major players, including Binance, Electric Capital, Maven 11 Capital, and Woodstock, among others, Elrond is committed to laying the building blocks of tomorrow’s decentralized, trustless, and blockchain-driven economy.

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