Koszalin, Poland, March 18th, 2024, Chainwire

In a significant leap forward for the cryptocurrency trading sphere, Foundation has announced the launch of its groundbreaking decentralized exchange platform, blending the efficiency of Centralized Exchanges (CEXs) with the permissionless and transparent nature of Decentralized Exchanges (DEXs). Aimed at revolutionizing the on-chain trading experience, Foundation introduces an order book model that promises a lightning-fast trading engine capable of handling thousands of transactions per second and managing billions in daily trading volumes.

This innovative platform is set to redefine the standards of decentralized trading by offering a suite of features that includes a Unified Liquidity Marketplace, Maximum Transparency through its Exchange Explorer, a Permissionless framework for token listing, and Composability for developers to build advanced trading strategies. Furthermore, Foundation is expanding the horizon of crypto trading by supporting multiple asset classes, including cryptocurrencies, commodities, and forex through its perpetual synthetic trading engine.

As part of its roadmap, Foundation has successfully completed its "Ignition" phase, launching a prototype and undergoing extensive testing to refine its offering. Currently, in the "Orbit Preparation" phase, the platform has made the beta testnet version available, emphasizing the integration of key functionalities such as perpetual and spot trading, along with an innovative Engagement Points System to reward community participation.

Looking ahead, the "Liftoff" phase will see the mainnet launch, introducing full trading functionalities and marking a significant step towards decentralization, transparency, and openness. The final phase, "Deep Space Journey", is set to transform Foundation into an independent and sovereign blockchain, cementing its commitment to decentralization and the platform's longevity.

Originating from Level Finance, a robust oracle-based exchange with a remarkable track record, Foundation is built by a team of seasoned professionals. Their collective experience in both centralized and decentralized exchange development positions Foundation to significantly impact the cryptocurrency trading landscape.

Foundation emerges from the vision to create a comprehensive trading ecosystem that transcends traditional exchange models. By combining the best aspects of CEXs and DEXs, Foundation aims to provide a sustainable, efficient, and transparent trading platform. Its roots in Level Finance, with significant achievements in trading volume and community rewards, underscore its potential to redefine cryptocurrency trading.

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Foundation Launches to Pioneer the Future of Decentralized Crypto Trading - The Defiant - DeFi News

In the realm of digital assets, Bitcoin, a groundbreaking decentralized digital currency, has spurred a transformative shift in storage methodologies. Its core tenets focus on trustlessness, transparency, and security, challenging conventional centralized models that have historically dominated the digital storage landscape. The transition from centralized to decentralized storage signifies a crucial juncture in the history of digital assets, necessitating a meticulous examination of the limitations inherent in centralized storage and the motivating factors behind the adoption of decentralized alternatives. Beyond technological advancements, Bitcoins influence extends to a broader societal change, marking an era where autonomy and security take precedence in the paradigm of digital asset storage. Amidst these shifts, it is crucial to navigate the evolving landscape wisely, considering options like the immediate-circuit.com trading system, which aligns with the principles of decentralized currency for individuals seeking a secure and autonomous approach to digital asset management.

Centralized storage systems, prevalent in the early days of digital assets, centralized control in the hands of a few entities. The evolution of centralized storage reflects the gradual realization of its limitations.

Centralized storage faces inherent challenges, including vulnerability to single points of failure, susceptibility to unauthorized access, and a lack of transparency. These issues have led to catastrophic failures and data breaches, underscoring the urgency for a more resilient solution.

Examining past incidents of centralized storage failures, such as data breaches and system downtimes, provides valuable insights into the consequences of relying on a centralized paradigm.

At the core of Bitcoins decentralization is blockchain technologya distributed ledger that records transactions across a network of nodes. This foundational concept forms the basis for a secure, transparent, and tamper-resistant digital environment.

Bitcoins blockchain operates as a decentralized ledger, where each transaction is verified and added to the chain through a consensus mechanism. This decentralized nature eliminates the need for intermediaries, enhancing security and fostering trust.

Decentralized ledgers offer robust security features, acting as a bulwark against hacking attempts and unauthorized access. The cryptographic principles underlying blockchain ensure the integrity and immutability of stored data.

Centralized storage systems are susceptible to various security vulnerabilities, ranging from data manipulation to targeted cyberattacks. These vulnerabilities compromise the integrity of stored information and erode trust.

Bitcoin, by leveraging decentralized ledger technology, addresses the security gaps inherent in centralized storage. Its cryptographic foundations and consensus mechanisms contribute to a more secure and resilient storage ecosystem.

Decentralization acts as a safeguard against unauthorized access, mitigating the risks associated with a single point of failure. This intrinsic security feature enhances trust in digital asset storage.

The landscape of decentralized storage solutions is evolving rapidly, offering alternatives to traditional centralized models. These solutions leverage peer-to-peer networks and cryptographic principles to provide secure and scalable storage options.

A comparative analysis of decentralized storage against traditional alternatives reveals the advantages of the former. Factors such as data resilience, accessibility, and censorship resistance contribute to the growing adoption of decentralized storage.

Despite the promising features of decentralized storage, adoption faces challenges, including regulatory uncertainties and integration complexities. Understanding these trends and challenges is crucial for navigating the decentralized storage space.

Bitcoins impact on digital asset storage has significant implications for financial institutions. The shift towards decentralization necessitates a reevaluation of existing storage practices to align with the principles of autonomy and security.

Businesses must formulate strategies to leverage the benefits of decentralized storage in the post-Bitcoin era. Adapting to this transformative landscape requires a proactive approach to ensure data security and regulatory compliance.

Navigating the decentralized storage landscape requires a nuanced understanding of regulatory considerations. Compliance with evolving regulations is essential for the seamless integration of decentralized storage solutions into business practices.

The decentralized storage landscape is poised for continuous evolution. Anticipating future developments, such as advancements in blockchain technology and integration with emerging technologies, is essential for staying ahead of the curve.

Despite the potential benefits, widespread adoption of decentralized storage faces challenges. Overcoming issues related to scalability, interoperability, and public perception is crucial for realizing the full potential of decentralized storage solutions.

The synergy between decentralized storage and emerging technologies, such as artificial intelligence and the Internet of Things, presents new possibilities. Understanding and harnessing these synergies will shape the trajectory of digital asset storage.

In conclusion, the transformative journey from centralized dominance in digital asset storage to the ascendancy of decentralization represents a profound shift. This retrospective underscores the significant impact of Bitcoin on shaping the digital storage landscape. Looking ahead, the enduring principles of Bitcoin hold vast implications for digital asset storage, pointing towards a future where security, autonomy, and trust redefine established norms in safeguarding valuable digital assets. In this context, a call to action is imperative, recognizing the ongoing evolution of digital asset storage. Continual exploration and adaptation are not merely advisable but essential for navigating the evolving terrain of digital storage. A proactive stance in understanding and implementing decentralized solutions is crucial for meeting the challenges and opportunities that lie ahead.

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From Centralization to Decentralization: Bitcoin's Impact on Digital Asset Storage - NewsWatch

In the burgeoning field of artificial intelligence, the term 'decentralized AI' has emerged as a beacon of potential transformation. But what does this term truly encapsulate? At its heart, decentralized AI signifies a shift from the monolithic, siloed computational behemoths to a more distributed, collaborative approach. It's about leveraging open-source models and harnessing the collective power of GPUs scattered across the globe. This paradigm promises to democratize the creation and application of AI, making it more accessible and less reliant on the traditional bastions of technological power.

The concept of decentralized AI is not just a technological shift but also a philosophical one. It challenges the status quo of AI development, which has been dominated by a few large corporations with the resources to invest in massive data centers and computational power. Decentralized AI, on the other hand, is built on the idea of a shared, collaborative network where resources are pooled and accessible to anyone with an internet connection. This approach has the potential to level the playing field, allowing smaller entities and individuals to participate in AI development and benefit from its advancements.

However, the question arises: is decentralized AI genuinely decentralized, or is it a mere facsimile of the concept? While open-source models provide the foundation for this decentralized ethos, they often rely on synthetic data produced by their commercial counterparts, such as GPT. Moreover, the decentralized AI infrastructure typically operates on GPUs provided by a handful of centralized tech giants. There's also the need for a centralized entity to offer a user-friendly access layer, making the technology approachable for the general public. This centralization within decentralization presents a paradox that is as intriguing as it is complex.

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The reliance on synthetic data is a significant concern in the quest for true decentralization. Synthetic data, while useful for training AI models without compromising privacy, is often generated by algorithms that are proprietary and centrally controlled. This creates a dependency on the very systems that decentralized AI aims to move away from. To address this, there is a growing movement towards creating open datasets and using real-world data in a privacy-preserving manner, which could help reduce the reliance on synthetic data and further the cause of decentralization.

Despite these contradictions, the decentralization of AI comes with a suite of compelling advantages. The democratization of AI development is perhaps the most significant of these. Open-source AI fosters a more democratic approach to development, inviting contributions from a global community. This inclusivity accelerates innovation and introduces a plethora of perspectives that could potentially disrupt the dominance of proprietary models.

The democratization of AI also means that the technology becomes more reflective of the diverse global population it serves. With contributions from around the world, AI systems can be trained on a wider variety of data, reducing biases and improving their applicability across different cultures and contexts. This could lead to AI systems that are more fair, ethical, and effective, benefiting society as a whole.

The flexibility inherent in open-source AI paves the way for greater customization, allowing solutions to be tailored to specific needs. This adaptability is a stark contrast to the 'one-size-fits-all' approach often seen in proprietary solutions, offering a significant advantage to those seeking a more personalized AI experience. Customization is not just about tweaking the AI to suit different applications; it's also about empowering users to understand and modify the technology according to their values and requirements.

Community support and sustainability are other hallmarks of open-source AI. These projects often boast robust communities that provide support and expertise that can rival, or even surpass, the customer service of proprietary vendors. The community-driven nature of open-source AI not only ensures its long-term sustainability but also fosters continuous improvement, independent of any single company's financial health.

The sustainability of open-source AI projects is closely tied to their community support. A vibrant community can drive the project forward, ensuring that it stays up-to-date with the latest advancements and adapts to changing needs. This is particularly important in the fast-paced world of AI, where new breakthroughs are made regularly. Open-source projects that can harness the collective intelligence of their community can evolve more rapidly and effectively than those that rely on a centralized development team.

Open-source AI also has profound ethical and societal implications. By facilitating community audits and challenges to unethical practices, open-source AI promotes a more ethical development process. In contrast, proprietary solutions may not be as transparent, leading to potential ethical concerns that are harder to address. The open nature of these projects means that anyone can examine the code and the data used to train the AI, providing an opportunity for scrutiny and accountability that is often lacking in proprietary systems.

The role of open-source AI in education and research cannot be overstated. These tools are indispensable for educational purposes, allowing students and researchers to explore and experiment without the burden of financial constraints. The result is a more skilled workforce, equipped to contribute to the AI field and challenge proprietary AI solutions. Access to open-source AI tools can transform education, enabling a hands-on learning experience that prepares students for the real-world challenges they will face in their careers.

In conclusion, while centralized AI has paved the way, the future shines brightly for open-source AI. Much like the evolution seen in traditional software development, open-source AI is poised to provide a burgeoning ecosystem of robust, reliable tools. This shift towards a more open, collaborative approach to AI development promises to unlock new possibilities and drive innovation in ways we are only beginning to imagine. As we stand on the cusp of this new era, it is clear that decentralized AI will play a pivotal role in shaping the technological landscape of tomorrow. The potential for decentralized AI to empower individuals, enhance global collaboration, and promote ethical practices makes it a truly transformative force in the field of artificial intelligence.

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Decentralized AI will play a pivotal role in shaping the future of AI - TechRadar

Key Takeaways

Decentralized Financeis facing a crucial question: Should there be a system of centralized security checks to mitigate the risks of scams and human error?

This debate is gaining traction as more users fall prey to sophisticatedscamsthat could not have been stopped without external warnings.

A recent incident involving an investor who escaped a Rabby_io scam has sparked discussions on social media. The investor said that due to a timely warning by Rabby.io, the person could evade losing money. While others couldnt.

A fake version of Rabby Wallet surfaced on the Apple App Store recently. While it masqueraded as a legitimate application, Apples screening processes failed to catch it.

A user explained that a warning post by Rabby Wallet helped the investor safeguard its funds before it was too late. Meanwhile, MetaMasks lack of alerts ignited a broader debate on security measures in decentralized finance (DeFi).

This oversight led to users reporting the loss of tokens as a reminder of the vulnerabilities in the current system. The incident not only questions the reliability of marketplace firewalls but also whether DeFi applications require constant monitoring and flagging by issuers or users to ensure investor safety when centralized security has not been put in place.

Just as users reported the Rabby Walletscam, Curve Finance issued a cautionary message about a fraudulent app bearing its logo on the Apple App Store. Users who couldnt see the post might have lost funds to the scam application.

Decentralized exchange FixedFloat is another victim of a recent exploit. Initial reports suggest that hackers swindled millions in Bitcoin and Ethereum. FixedFloats acknowledgment of the hack came after users flagged abnormal blockchain activity. Emphasizing that current practices may be insufficient within the industry.

Chainalysis previously cited Mar Gimenez-Aguilar, Lead Security Architect and Researcher at Halborn, noting the threats of on-chain and off-chain vulnerabilities. Gimenez-Aguilar pointed out that many compromised smart contracts either skipped audits or had inadequate ones. Therefore, there is a need for improvement in both the design and external security practices surrounding blockchain, as per security experts.

Decentralized wallets continue to grow in popularity. While the onus to be safe from inherent security risks currently lies on the users. The incidents involving Rabby Wallet and FixedFloat, among others, serve as a reminder of the challenges as the market continues to expand.

The debate over implementing centralized security measures within a decentralized framework might not be taken well by many community members. But, maintaining the ethos of decentralization while ensuring the safety of participants might not have an alternative.

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Decentralized Wallets and Centralized Security Measures: Scams and Errors Still Prevalent - CCN.com

The Chair of the U.S. The Securities and Exchange Commission (SEC) says Bitcoin (BTC) isnt as decentralized as the public believes.

In a new interview on CNBC, Gensler says the top crypto asset by market cap is not that decentralized, partially due to the prominence of centralized crypto exchanges.

[Bitcoin] is not that decentralizedlook at how finance tends toward centralization since antiquity. What do we have? We have a handful of three to six core so-called crypto exchanges.

Bitcoin is sold on crypto exchanges around the world, and its not clear how that has anything to do with Bitcoins decentralization.

The networks decentralization stems from Bitcoins underlying blockchain technology, which is a distributed ledger managed by a network of computers (nodes) spread across the globe, with no single entity in control.

Backing up JPMorgan CEO Jamie Dimon, who said last month that Bitcoin was a pet rock with a main use case of helping criminals perpetrate illicit schemes, Gensler also says BTC is the token of choice for ransomware.

[Bitcoin] is the leading market share in ransomware, and thats publicly known. Its the token of choice for ransomware.

The US dollar, the euro, the yen you have the whole [of] society using [them] as a medium of exchange, we buy our cups of coffee, we get paid in dollars or yen or euro and you have a whole central bank and support for one currency, generally, per economic region.

That, we dont have here, so there is a very real economic difference

According to Gensler, Bitcoins transparent ledger gives off the impression that its more decentralized than it actually is, and should not be cited as a reason to invest in BTC.

How many times do you have people on this show that say Im going to invest in something because of how the books and records are kept Its just an accounting ledger. A clever [one].

Bitcoin is trading for $51,699 at time of writing, a 6.5% gain during the last 24 hours.

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Gary Gensler Says Bitcoin Is Token of Choice for Ransomware and Not That Decentralized - The Daily Hodl