Category Archives: Smart Contracts
Heres why ChatGPT expects Cardano to hit $10 by the end of 2024 – AMBCrypto English
Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice, and is solely the writers opinion.
Amid the ongoing bull run, Cardano [ADA] concluded its 2023 Summit in Dubai earlier this month. The projects co-founder Charles Hoskinson shed light on some crucial matters on the sidelines of the event. In particular, he emphasized the importance of building a unique global governance system acceptable to authorities from across the world. This way, an alternate legal system around the smart contracts ecosystem can be built, recognized by institutions from across the world.
Hoskinsons concerns are critical for us to understand how the crypto industry is trying to develop a global governance and legal infrastructure in the face of a myriad of regulatory actions across the world.
Lets dive right into the history of the cryptocurrency that still remains one of the most popular proof-of-stake- (PoS) based projects.
After Ethereum [ETH] co-founder Charles Hoskinson left the project due to disagreements, he teamed up with another wizard who used to work at Ethereum, Jeremy Wood. The duo began working on the development of the Cardano project in 2015. The project finally got launched two years later in 2017.
The Cardano blockchain uses aproof-of-stake (PoS) consensus mechanism. Its PoS protocol is called Ouroboros that can run both permission-less and permissioned blockchains. Hoskinson is very appreciative of Ouroboros due to its energy efficiency.
PoS is frequently contrasted with proof-of-work (PoW) as both consensus mechanisms are behind most of leading blockchain networks.It is critical at this juncture that we understand what both these mechanisms are and how they differ.
A consensus mechanism consists of the rules and protocols that govern how a blockchain network reaches an agreement on its state. PoW requires the utilization of computational power by miners to solve challenging mathematical riddles and validate transactions. Instead of requiring miners to solve problems, PoS requires validators to stake some of their coins as collateral.
PoS is considered more scalable and energy-efficient than PoW. The Cardano network was one of the early adopters of the PoS mechanism.
In the beginning, the Byron Era laid the groundwork for Cardano. It established the mainnet and introduced other foundational tools. A federated network, dominated by Input Output Global and Emurgo, marked the inception.
The Shelley Era witnessed a hard fork in July 2020, with Cardano transitioning from centralized Byron rules to a decentralized setup. The communitys stake pool operators took the reins, showcasing Cardanos commitment to decentralization.
The following Goguen Era unveiled progressively. It brought forth features such as Smart Contracts and dApps. The Goguen Era took place in three steps: Allegra, Mary, and Alonzo eras.
The Allegra Era introduced token locking support.The Mary Era pioneered native tokens and multi-asset functionality. The Alonzo Era enabled smart contract support, solidifying Cardano as a versatile platform for diverse applications.
The subsequent Basho Era focused on scaling and optimization. Innovations included sidechains for enhanced network capacity and the introduction of parallel accounting styles, broadening use cases, and interoperability.
The latest Voltaire Era is focused on decentralized governance, empowering the Cardano community with voting rights on network evolution, technical enhancements, and funding decisions.
Since its launch in 2017, ADAhas emerged as the eight-largest cryptocurrency. At press time, its market cap stood at $13 billion. Its price has risen more than 50% since the recent crypto rally began in mid-October.
Cardanoscryptocurrency is named ADA after Augusta Ada King, Countess of Lovelace (18151852), who is commonly regarded as the first computer programmer.
When the Securities and Exchange Commission (SEC) in the United States sued Binance [BNB]andCoinbase [COIN] in early June this year, the regulating body included ADA in its newly classified list of securities.
Cardano vehemently dismissedthe SECs claim that ADA can be viewed as a security.
Regulation through enforcement action does not provide either the clarity or certainty to which both the blockchain industry and consumers are entitled. By design, blockchain is transparent, auditable, immutable, and fair. It needs regulation that recognizes those values and understands the role blockchain can play in a modern world.
Besides DeFi and crypto, another major development that has grabbed public attention is ChatGPT. It is an OpenAI-developed large-scale artificial intelligence (AI) language model trained on an enormous amount of data. This allows the bot to understand and generate responses to complex queries from the user.
It is a language model whose primary purpose is to generate responses like a human. The bot can make logical inferences if presented with data from the indicators and can even analyze multiple indicators to make an overall inference.
Although it tries to be accurate, the user must verify the information it generates as the bot isnt 100% accurate. It merely mimics a human.This is an important distinction as it forces the prerogative of the user to fact-check and verify what ChatGPT says.
I decided to test if ChatGPT can answer some of my queries regarding the Cardano network and its native token, ADA.
At first, I asked it about the impact of the Ripple [XRP]-SEC verdict have on the status of ADA (Cardanos native token) as a security.
The court had given a ruling in July that while the institutional sale of XRP tokens constituted a sale of securities, the programmatic sale of those tokens to retail investors didnt meet the criteria of being a security agreement.
ChatGPT said its limited knowledge until January 2022 made it unaware of a definitive verdict on the Ripple case.
It was at this point that I decided to jailbreak it using the DAN (Do Anything Now) prompt.
While the classic version said it didnt have access to real-time information, the jailbroken version talked at length about the potential implications of the Ripple-SEC verdict for ADA.
But the bot said the verdict sent shockwaves through the crypto space. This is completely untrue as the crypto community celebrated the verdict as a partial victory for Ripple.
The bot further claimed that ADA emerged relatively unscathed as regulators provided clear guidelines distinguishing it from securities. This again is completely false as the regulating body had specifically classified ADA as a security in its lawsuits against Binance and Coinbase. Recently, the SEC again reiterated its claim regarding ADA being a security in its latest lawsuit against Kraken crypto exchange.
ADA was exchanging hands at $0.3961 at the time of writinga surge of nearly 60% since the bull run began in mid-October. Now, let us look at some of the on-chart indicators of ADA.
Both its Relative Strength Index (RSI) and Money Flow Index (MFI) rested comfortably above the neutral 50-level. The metrics suggested a further bullish price movement in the short run.
Its here that one should note that besides technical skills, a traders experience is of great importance in anticipating a price rally.
I asked ChatGPT what it thought the price of Cardano would be by the end of 2023.
The bot claimed ADA will become one of the top-performing cryptocurrencies, thanks to itsgroundbreaking developments, widespread adoption, and a surge in demand. But it refused to provide a specific price prediction.
I again asked it the same question using a different jailbreak prompt. (There are hundreds of such prompts available online.)
This time, the bot was able to provide a clear answer but seemingly, a preposterous one. It said it expected ADA to rise to $5a 12x surge within a month. Though the world of crypto is indeed very volatile and unpredictable, a 12x surge within a month is a very tough tasknearly impossiblegiven the metrics.
I then asked it to predict ADAs price towards the end of 2024.
The bot said ADA will reach $10 by the end of 202425x surge within a year. It looks like the bot assumed it would anyway hit $5 by December 2023 and keep rallying further.
It is possible to go on and on taking different indicators together, altering and tweaking their input values, and backtesting their signals. However, we shall move towards risk management. Risk management is what separates a trader from a gambler. It also helps undercut the emotions a trader might feel during a trade.
Fear almost always arises when the trader has risked more than they can stomach. This can negatively impact profitability.
Diversification is necessary because crypto is a highly volatile market. The assets are, for the most part, positively correlated with Bitcoin.
ChatGPT predicted ADA will reach the price mark of $10 by the end of 2024. Its on-chart metrics also suggested a further price rally.
However, it is important to remember that though ChatGPT responds to humans, it isnt 100% accurate. Diligent traders must analyze on-chart indicators and the latest news to make their investment decisions.
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Heres why ChatGPT expects Cardano to hit $10 by the end of 2024 - AMBCrypto English
If Cathie Wood Is Bullish on Solana, Should You Be Too? – The Motley Fool
Given the huge price rally for Solana (SOL -1.20%) this year, it's no surprise that investors, traders, and analysts are now rushing to put out fantastic new price predictions for Solana. With Solana up nearly 450% for the year and now trading around the $55 mark, many now suggest that Solana could soon break through the $100 level before regaining its all-time high of $260.
Of course, for that to happen, Solana will need to continue to gain ground at the expense of chief rival and market leader Ethereum (ETH 0.34%), which is still 10 times more valuable. But just how realistic is that scenario? Let's take a closer look.
The primary investment thesis for Solana overtaking Ethereum can be summarized in just three words: Faster and cheaper. One of the proponents of this investment thesis is high-profile investor Cathie Wood of Ark Invest, who has long been known for her bullish views on Bitcoin (BTC -0.49%) and all things crypto. On CNBC, Wood recently suggested that the reason why Solana is so valuable is because it is faster and cheaper than Ethereum.
In many ways, I agree. Being faster and cheaper is a huge source of competitive advantage and can be used to gain market share at the expense of market leaders. It explains why users and developers might eventually migrate over to Solana from Ethereum. Lower costs and faster transaction processing times are paramount for success in areas like decentralized finance (DeFi), Web3, and gaming.
But, as we know from the past 50 years of history in the tech industry, the cheapest and fastest technology does not always win. There are other factors to take into account, including network effects and first-mover advantage. And, in terms of network effects and first-mover advantage, Ethereum still has an overwhelming advantage over Solana.
Moreover, there are a handful of blockchain rivals that claim to be cheaper and faster than Solana after taking into account actual, not just theoretical, speeds. In fact, a brand new competitor on the scene -- Aptos (APT -0.21%) -- has been touted as a "Solana killer" because it's so blazingly fast and cheap. So what makes Solana so much better than these other competitors?
Thus, with all due respect to Cathie Wood, a superior argument for investing in Solana is that it is "better and more innovative" than other blockchains. This helps to explain Solana's competitive advantage vis-a-vis other Layer 1 blockchains such as Ethereum.
For example, Solana stands alone among all other blockchains in terms of having a mobile crypto strategy that includes a blockchain-optimized "crypto phone" (the Saga). And Solana made waves this September after launching a groundbreaking new payment project with Visa. That's just something that you're not going to find with rival Ethereum, and certainly not with Bitcoin.
Image source: Getty Images.
From my perspective, this "better and more innovative" argument also does a better job of explaining why Ethereum rapidly closed the gap with Bitcoin in terms of market capitalization. According to Wood, the reason why this happened is because Ethereum was faster and cheaper than Bitcoin.
But the real reason why this happened is because Ethereum was the first-ever blockchain to offer smart contracts, and these eventually became the building blocks for non-fungible tokens (NFTs) and decentralized finance (DeFi). In short, Ethereum was "better and more innovative" than Bitcoin, and that made all the difference in terms of creating market niches that had never existed before.
There's a classic saying in the tech industry: "Faster, better, cheaper -- pick two." It's a saying popular with project managers, engineers, and venture capitalists, and it is a very easy way of understanding competitive advantage in the tech world. Basically, pick two out of the three characteristics of market leaders, execute on them better than anyone else, and you'll eventually become the market leader.
I think this is why Cathie Wood has focused on the "faster and cheaper" argument for Solana. "Faster and cheaper" makes a lot of intuitive sense, and it's an argument that probably resonates with institutional investors. Best of all, it explains Solana in a way that abstracts away all the complexity of blockchain technology.
But I don't think that "faster and cheaper" is a strong enough investment thesis. If that were the case, you should probably be buying Aptos right now and not Solana. Aptos is actually up 107% this year, so maybe that's what a lot of investors are actually doing.
I agree with Cathie Wood that Solana is a very intriguing investment prospect right now and that the valuation gap between Ethereum and Solana should be much smaller than it is right now. However, I'm focusing on "better" and not just "faster and cheaper" as a way of thinking about Solana. I think Solana is better and more innovative than other blockchains, and that's why I remain long-term bullish on its future growth prospects.
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If Cathie Wood Is Bullish on Solana, Should You Be Too? - The Motley Fool
Breaking Chains: Unleashing the Power of Blockchain Technology … – Medium
In the dynamic landscape of technological innovation, the fusion of blockchain technology and decentralization emerges as a revolutionary force, challenging traditional paradigms and unlocking new realms of possibility. Join us on an exploration of the transformative synergy between blockchain technology and the principles of decentralization.
At the heart of this paradigm shift is the evolution of blockchain, a disruptive technology initially designed as the backbone of cryptocurrencies like Bitcoin. However, its journey has transcended these origins, showcasing its prowess as a transformative force across diverse industries.
Decentralization and Trust:
A fundamental tenet of blockchain technology is the principle of decentralization. Unlike centralized systems, blockchain operates on a distributed ledger, fostering trust through transparent and verifiable transactions. This departure from central control not only enhances security but also redefines the foundation of reliability in the digital age.
Smart Contracts and Efficiency:
Beyond decentralization, the integration of smart contracts stands as a testament to the efficiency blockchain technology brings to various sectors. These self-executing contracts automate and enforce predefined terms, reducing reliance on intermediaries and expediting transactional speed.
While the financial sector quickly embraced blockchain technology, its impact transcends the confines of traditional currencies and transactions.
Healthcare Innovations:
In healthcare, the marriage of blockchain technology and decentralization heralds transformative changes in data management. Secure and transparent health records, enabled by blockchain, enhance patient care, reduce fraud, and streamline administrative processes.
Supply Chain Transparency:
In the supply chain, the combination of blockchain technology and decentralization ensures unprecedented transparency. Every step becomes traceable and tamper-proof, revolutionizing the authenticity and quality assurance of products.
As blockchain technology continues its evolutionary journey, understanding its intricacies and the implications of decentralization becomes paramount for businesses and enthusiasts alike.
Educational Resources:
A wealth of educational resources, online communities, and forums provide enthusiasts with opportunities to delve deeper into the world of blockchain technology and its core principle of decentralization. Staying informed is not just encouraged; its essential in a landscape that is ever-advancing.
Global Patchwork of Regulations:
Navigating the regulatory landscape is an integral aspect of understanding blockchain technology and decentralization. The global patchwork of regulations, though challenging, reflects the adaptability of this transformative force to different legal frameworks.
In conclusion, the amalgamation of blockchain technology and the guiding principle of decentralization is not just a technological trend; its a paradigm shift that redefines how we transact, manage data, and perceive trust in the digital age. As we break chains, both metaphorically and technologically, lets embrace the future with a deep understanding of the transformative power that decentralization brings to the forefront of innovation.
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Breaking Chains: Unleashing the Power of Blockchain Technology ... - Medium
3 of the biggest blockchain tech developments in 2023 – Blockworks
The crypto ecosystem has achieved an array of major technology milestones over the past year.
Despite a series of unfortunate events in 2022 with the collapse of the Terra ecosystem, and then later the bankruptcy of Sam Bankman-Frieds FTX the blockchain tech space proved resilient in 2023.
In particular, weve seen developments in the infrastructure and technology sectors with new innovations designed to make blockchains faster, more secure and private.
This year marked the launch of a series of zero-knowledge (zk) rollups.
First, we saw the launch of zkSync Era, followed closely by Polygons zkEVM, later Linea, and more recently, the =nil; Foundation just to name a few.
Rollups share the same goal: make blockchains operate more efficiently by reducing the amount of block space needed to make a transaction by executing more transactions off-chain. This will, as a consequence, also reduce gas fees and fixed costs.
Zero-knowledge rollups, in this particular case, are not only able to perform off-chain executions, but they are also able to determine if the information is accurately executed without disclosing the information on the mainnet.
This differs from optimistic rollups, which automatically presume that information is accurate and rely on fraud proofs to challenge suspicious transactions.
It is important to note that more work still needs to be done to ensure zkRollups are completely decentralized and permissionless. Existing zero-knowledge technology is subject to upgradability risks.
These risks refer to whether or not a blockchain can be upgraded or subject to changes with blockchains being more secure if they can not be upgraded.
Blockchain interoperability also made some impressive improvements this year.
From the introduction of Chainlinks CCIP to LayerZeros recent partnership with Google Cloud and JPMorgan, cross-chain interoperability protocol teams are actively working on connecting various private and public blockchains.
Blockchain interoperability protocols enable smart contracts across different blockchain networks to communicate with each other and facilitate the transfer of liquidity.
This is typically achieved through burning tokens in the smart contract of a source chain and then minting new, corresponding tokens on a destination chain.
Another way to transfer tokens is through bridging, where tokens are locked on a source chain and then minted natively on the destination chain.
Such tools can enable users of various blockchains to seamlessly swap, lend and stake their tokens across various ecosystems for a small gas fee.
To bring more liquidity on-chain, developers real-world asset (RWA) protocols are also looking at ways these assets could serve as collateral through tokenization.
RWAs in the space could include assets such as cash, gold, real estate and US treasury bonds, for example. One of the most well-known RWAs today would be stablecoins like Circles USDC and Tethers USDT, which are widely used across DeFi protocols.
Some of the protocols behind on-chain financing include Centrifuge, Maple Finance and Goldfinch.
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3 of the biggest blockchain tech developments in 2023 - Blockworks
Exploring the Legal Retail Compliance of Placeholder Tokens’ Rent … – Medium
Exploring the Legal Retail Compliance of Placeholder Tokens' Rent and Return Model on Hedera
In the dynamic landscape of decentralized finance (DeFi), the legal implications of innovative models become a focal point for both developers and users. Placeholder Tokens, with their unique rent and return model, introduce a retail compliance approach to navigate the regulatory landscape. Let's delve into the legal aspects of this pioneering concept, highlighting how it operates within the boundaries of existing regulations.
### **1. Regulatory Alignment:**
One of the primary considerations for Placeholder Tokens is ensuring alignment with existing consumer regulations. The rent and return model seeks to provide users with a compliant method to engage in decentralized finance, addressing potential regulatory concerns associated with outright ownership.
2. MSRP-Based Rent and Return:
The use of Manufacturer's Suggested Retail Price (MSRP) for renting and returning Placeholder Tokens establishes a transparent and standardized approach. This mechanism sets a predefined value for the rental period, contributing to clarity in transactions and aiding in regulatory compliance.
3. Clear User Agreement:
To enhance legal compliance, Placeholder Tokens operate with a clear user agreement. This agreement outlines the terms and conditions of renting and returning tokens, including the MSRP-based valuation, rental duration, and the process of returning tokens to the system.
4. Adherence to Consumer Protection Laws:
The retail compliance rent and return model of Placeholder Tokens incorporates elements that align with consumer protection laws. Users are provided with a straightforward process, ensuring they understand the terms of engagement and have the necessary protections afforded by consumer laws.
5. Smart Contract/Node Audits:
Legal compliance is bolstered by conducting regular audits of the smart nodes/contracts underlying Placeholder Tokens.
6. Collaboration with Regulatory Bodies:**
To stay ahead of regulatory developments, Placeholder Tokens may actively collaborate with regulatory bodies. This proactive approach involves engaging in an ongoing dialogue
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Exploring the Legal Retail Compliance of Placeholder Tokens' Rent ... - Medium
Blockchain in Insurance Market Size Worth USD 57.57 Billion in 2032 | Emergen Research – Yahoo Finance
Emergen Research
Increasing need of automation across the insurance sector and rising demand for secure online platforms are key factors driving blockchain in insurance market revenue growth.
Vancouver, Nov. 23, 2023 (GLOBE NEWSWIRE) -- The global blockchain in insurance market is witnessing remarkable growth, reaching a size of USD 2.10 Billion in 2022 and poised to achieve a rapid revenue Compound Annual Growth Rate (CAGR) of 39.2% during the forecast period. This surge is attributed to the increasing demand for automation in the insurance sector and a growing need for secure online platforms.
Streamlining Operations and Enhancing Security
Insurance companies are embracing blockchain technology to streamline operations, enhance security, and elevate customer experience. Notably, smart contracts play a pivotal role in automating claims processing, ensuring efficient handling when predefined criteria are met. This not only reduces processing time but also minimizes the risks of fraud and errors. The encryption of private data and secure sharing among relevant parties fortify data security, fostering confidence in the digital ecosystem.
In a recent development, Etherisc launched a decentralized, open-source insurance protocol and blockchain-based insurance program in January 2022. This innovation enables automatic policy issuance and seamless payouts for travel delays and cancellations, with transactions conducted through the blockchain payment system Gnosis Chain.
You Can Download Free Sample PDF Copy of this Report @ https://www.emergenresearch.com/request-sample/2510
Data Transparency Drives Innovation
Blockchain adoption is revolutionizing the analysis and pricing of insurance policies. The transparency and integrity features of blockchain provide insurers with a comprehensive and accurate view of potential customers. This, in turn, allows for more precise risk estimation, leading to personalized and fairer premium rates. Blockchain's role in reducing fraud in the insurance sector is pivotal, making it challenging for fraudsters to manipulate policies, claims, or any transactional data due to the technology's immutable ledger.
Story continues
Challenges and Restraints
However, the market faces challenges, including high initial setup costs, and regulatory organizations struggling to keep pace with technological advancements. Uncertain rules and a lack of clear standards hinder the widespread implementation of blockchain technology in the insurance industry. The absence of regulations poses a significant hurdle, especially considering the sensitivity of customer data in the insurance sector.
Emergen Research is Offering Limited Time Discount (Grab a Copy at Discounted Price Now) @ https://www.emergenresearch.com/request-discount/2510
Sector-Based Growth Insights
Life Insurance Takes the Lead: The life insurance segment emerged as the leader in the global blockchain in insurance market in 2022. Insurers are leveraging blockchain to automate policy issuance and management processes, enhancing accuracy and reducing administrative burdens. The tamper-proof nature of blockchain fosters trust between insurers and policyholders, while smart contracts enable automated claim settlements for quick payouts during urgent circumstances.
In a notable development, the first cryptocurrency-based life insurer, Meanwhile, raised USD 19 million in two seed stages. The company, licensed and regulated by the Bermuda Monetary Authority, plans to offer Bitcoin-denominated whole life insurance.
Health Insurance Shows Promise: The health insurance segment is expected to experience a moderately fast revenue growth rate. Blockchain is increasingly being deployed by health insurers to address challenges such as cumbersome claims processing, data interoperability, and fraud detection. The technology enables automated payouts, claim verification, and secure interchange of medical records, reducing processing times and costs. Improved data integrity accelerates the underwriting process, allowing for accurate risk assessment and more precise policy pricing.
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Blockchain in Insurance Report Summary
Report Details
Outcome
Market Size in 2022
USD 2.10 Billion
CAGR (20232032)
39.2%
Revenue Forecast To 2032
USD 57.57 Billion
Base Year For Estimation
2022
Historical Data
20202021
Forecast Period
20232032
Quantitative Units
Revenue in USD Billion and CAGR in % from 2022 to 2032
Report Coverage
Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments Covered
Sector, type, organization size, application, and region
Regional Scope
North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Country Scope
U.S., Canada, Mexico, Germany, France, UK, Italy, Spain, Benelux, Russia, Rest of Europe, China, India, Japan, South Korea, ASEAN Countries, Oceania, Rest of APAC, Brazil, Rest of LATAM, Saudi Arabia, UAE, South Africa, Turkey, and Rest of Middle East & Africa
Key Companies Profiled
Oracle Corporation, Bitpay Inc., Blockcyper Inc., BTL Group Ltd., Cambridge Blockchain Inc., ChainThat Ltd., Consensys Software Inc., IBM Corporation, Microsoft Corporation, Amazon Web Services, Inc., Xledger, Auxesis Group, Guardtime, Accenture plc, R3, Blocksure Ltd., Foreverhold Ltd., Modex, Ernst & Young Global Limited, and KPMG International Limited
Customization Scope
10 hours of free customization and expert consultation
Blockchain in Insurance Top Companies and Competitive Landscape
The global blockchain in insurance market is consolidated with few large and medium-sized players accounting for majority of market revenue. Major players are deploying various strategies, entering into mergers & acquisitions, strategic agreements & contracts, developing, testing, and introducing more effective blockchain in insurance solutions.
Some major players included in the global blockchain in insurance market report are:
Oracle Corporation
Bitpay Inc.
Blockcyper Inc.
BTL Group Ltd.
Cambridge Blockchain Inc.
ChainThat Ltd.
Consensys Software Inc.
IBM Corporation
Microsoft Corporation
Amazon Web Services, Inc.
Xledger
Auxesis Group
Guardtime
Accenture plc
R3
Blocksure Ltd.
Foreverhold Ltd.
Modex
Ernst & Young Global Limited
KPMG International Limited
Blockchain in Insurance Latest Industry News
In July 2021, Oracle Financial Services Software Ltd, a division of Oracle Corp, partnered with Everest, a financial technology company to deliver blockchain to banks around the world to enhance their product offerings. Oracle Financial software is used in retail, corporate, and insurance banking.
In November 2020, B3i Services partnered with software giant Tata Consultancy Services to design, develop, and deployecosystem enhancements for the insurance industry using Distributed Ledger Technology (DLT). The companies will aim to enhance the digitization of the insurance business by providing customized solutions to risk managers, insurers, brokers, reinsurers, and industry service providers.
Browse Detailed Research Report @ https://www.emergenresearch.com/industry-report/blockchain-in-insurance-market
Blockchain in Insurance Market Segment Analysis
For the purpose of this report, Emergen Research has segmented the global blockchain in insurance market on the basis of sector, type, organization size, application, and region:
Sector Outlook (Revenue, USD Billion; 2019-2032)
Life Insurance
Health Insurance
Title Insurance
Type Outlook (Revenue, USD Billion; 2019-2032)
Organization Size Outlook (Revenue, USD Billion; 2019-2032)
Small Enterprises
Large Enterprises
Application Outlook (Revenue, USD Billion; 2019-2032)
Governance, Risk and Compliance (GRC) Management
Financial Management (Payments)
Death and Claims Management
Smart Contract
Identity Management & Fraud Detection
Other Applications
Regional Outlook (Revenue, USD Billion; 20192032)
North America
U.S.
Canada
Europe
Germany
France
UK
Italy
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DAstra Network: Which Blockchains Are Best Suited For Launchpad? – Blockchain Magazine
November 23, 2023 by Diana Ambolis
113
There is an old but powerful rule that applies to almost all areas of life: dont put all your eggs in one basket. Crypto launchpads are no exception here. Launchpads are platforms that allow blockchain projects to raise funds, build communities, and launch their tokens. However, not all blockchains are created equal, and choosing the
There is an old but powerful rule that applies to almost all areas of life: dont put all your eggs in one basket. Crypto launchpads are no exception here. Launchpads are platforms that allow blockchain projects to raise funds, build communities, and launch their tokens. However, not all blockchains are created equal, and choosing the right one for your launchpad is crucial. In this article, we will explore the best blockchains suited for launchpad and their particular advantages.
Ethereum is the second-largest blockchain by market capitalization and supports smart contracts and dApps. Ethereum has a large and active community of developers and users. Additionally, Ethereum has a well-established ecosystem of tools and services that can help launchpad projects succeed.
Binance Smart Chain is one of the most popular blockchains for launchpad projects. It is a high-performance blockchain that supports smart contracts and is compatible with the Ethereum Virtual Machine (EVM). BSC offers low transaction fees and fast confirmation times, making it an attractive option for developers. Additionally, BSC has a large community and is supported by Binance, one of the biggest cryptocurrency exchanges in the world. This makes it easier for launchpad projects to gain exposure and attract investors.
Polygon, formerly known as Matic Network, is a layer 2 scaling solution for Ethereum. It provides faster and cheaper transactions than Ethereum while maintaining compatibility with Ethereums smart contracts. Polygon also has its own token, MATIC, which can be used for transactions on the network. Polygons low transaction fees and fast confirmation times make it an attractive option for launchpad projects. Additionally, Polygon has a growing community of developers and users who are interested in decentralized finance (DeFi) and blockchain technology.
Last but not least, Tron is still a popular choice for launchpad projects. It is a high-speed blockchain that supports smart contracts and decentralized applications (dApps). Trons transaction fees are also low, making it a cost-effective option for developers. Additionally, Tron has a large and active community that is passionate about blockchain technology. This community can help launchpad projects gain traction and exposure, leading to more investment opportunities.
DAstra Network is a crypto incubator and token constructor that allows blockchain-based projects to generate revenue while giving their group of investors access to early-stage token sales. And yes, first of all, we decided to combine the most popular blockchains on our platform: Ethereum, BSC, Polygon, Tron all of them are supported on our platform. But our advantages are not limited to the wide variety of blockchains.
DAstra Network is a decentralized Web3 platform because it does not deal directly with investor capital or startup investment accounts, but uses smart contracts instead. Also, DAstra Network provides the opportunity to actively participate in the management of the platform through the possibility of membership in a decentralized autonomous organization (DAO_. In order to become a participant, you must have a minimum of 10,000 native DAN tokens. This allows users to make decisions related to the management of the platform. In addition, DAO participants have the opportunity to receive up to 2% of investments attracted to the project.
The fee on our platform is only 6%, while most launchpads charge a fee of 10%. Our interface is also easy to understand. Of course, in the future we plan to further develop our platform, adding new functionality and even new blockchains.
Our site: https://dastra.network/
Twitter: https://twitter.com/DAstra_network?t=lnrLuVW7zW_kNus3zg2nxg&s=09
Main Telegram Channel: https://t.me/dastra_international
Telegram Chat: https://t.me/dastranetworkint
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DAstra Network: Which Blockchains Are Best Suited For Launchpad? - Blockchain Magazine
Unleashing the Potential: The Future of Bitcoin Cash and Its … – Geeks World Wide
Bitcoin Cash (BCH) is a cryptocurrency that emerged as a result of a hard fork from the original Bitcoin (BTC) in August 2017. It was created to address scalability issues and offer a peer-to-peer electronic cash system. The key features of Bitcoin Cash include an increased block size, faster transactions, low transaction fees, Segregated Witness integration, decentralization, support for smart contracts and tokenization, and community consensus and development.
Bitcoin Cash has found applications in various sectors since its creation. It is used for peer-to-peer transactions, online payments, remittances, tokenization and smart contracts, decentralized finance (DeFi) applications, privacy features, adoption in developing countries, community projects, and education and outreach. It has also seen partnerships and integrations with companies and projects in the financial and tech sectors.
However, Bitcoin Cash also faces critiques and challenges. Some argue that the larger block size may lead to increased centralization and compromise network security. Achieving long-term scalability and balancing scalability with security remain challenges for Bitcoin Cash.
In the broader cryptocurrency ecosystem, Bitcoin Cash maintains a prominent position in the market and has a diverse community of developers, supporters, and critics. The future of Bitcoin Cash depends on scalability and technology upgrades, the evolving regulatory landscape, community development and support, integration into mainstream finance, enhanced privacy features, DeFi and smart contracts, global adoption and financial inclusion, educational initiatives, market dynamics and competition, and technological innovation.
Overall, the future of Bitcoin Cash will be shaped by its ability to address technological challenges, navigate regulatory landscapes, foster community engagement, and adapt to the evolving needs of users and businesses. Collaboration, strategic developments, and a clear vision will play a pivotal role in shaping the future trajectory of BCH.
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Unleashing the Potential: The Future of Bitcoin Cash and Its ... - Geeks World Wide
Ethereum Classic shows resilience amid mixed crypto market … – Investing.com
Investing.com|EditorNikhilesh Pawar
Published Nov 25, 2023 09:14AM ET
Cryptocurrency markets have presented a mixed bag of results recently, with Ethereum Classic (ETC) demonstrating its robust presence in the space. Despite a marginal decline early today to $19.28 or its Bitcoin equivalent, ETC's market capitalization holds strong at $2.78 billion, backed by a substantial trade volume nearing $140 million.
The cryptocurrency, which was established on July 23rd, 2016, remains committed to its original principles of immutability and censorship-resistance for smart contracts and decentralized application (dApp) functionality on its blockchain platform. Operating on a proof-of-work protocol with its native EtcHash algorithm, Ethereum Classic boasts a total supply of 210,700,000 coins and a circulating supply of 144,201,836 coins, reflecting a solid adoption rate within the community.
The broader crypto market has seen varied performance today. Bitcoin recorded a slight decrease at $37,690.84 (-0.2%), while altcoins such as Dogecoin and Litecoin experienced gains, rising to $0.0782 (+0.8%) and $71.09 (+1.1%), respectively. Bitcoin Cash also saw growth to $227.49 (+0.6%). In contrast, UNUS SED LEO took a notable hit, decreasing to $3.97 (-3.3%), alongside minor dips in Bitcoin SV at $47.76 (-0.3%) and Conflux at $0.16 (-0.1%).
Investors interested in Ethereum Classic often start by acquiring mainstream cryptocurrencies like Bitcoin or Ethereum through recognized platforms before trading for ETC. The vibrant ETC community actively engages in discussions on Reddit and tracks the currency's progress through Github contributions.
As the cryptocurrency landscape continues to evolve, Ethereum Classic's dedication to preserving the founding tenets of the blockchain technology it builds upon distinguishes it within an increasingly diverse market ecosystem.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.
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Liquidity Management in Crypto Payment Gateways: Strategies for … – Analytics Insight
Liquidity Management in Crypto Payment Gateways: Strategies for Seamless Digital Transactions
As the adoption of cryptocurrencies continues to surge, the management of liquidity within crypto payment gateways has become a pivotal aspect of ensuring efficiency, stability, and trust in digital transactions. This article delves into the critical role of liquidity management in crypto payment gateways, exploring the challenges, strategies, and technological advancements that contribute to maintaining a seamless and reliable ecosystem for users engaging in cryptocurrency transactions.
Liquidity in the context of crypto payment gateways refers to the availability and ease with which cryptocurrencies can be bought or sold in the market without causing significant price fluctuations. It is a measure of the gateways ability to fulfill transactions promptly.
Cryptocurrencies are known for their price volatility, which can pose challenges to liquidity management. Sudden market fluctuations can impact the availability of assets and affect the speed and cost of transactions.
Crypto payment gateways face challenges related to market liquidity. High demand or low trading volumes can lead to slippage, where the execution price of an order differs from the expected price. Implementing strategies to address market liquidity challenges is crucial.
Effective liquidity management involves robust risk mitigation strategies. This includes monitoring and addressing counterparty, market, and operational risks to ensure the payment gateways stability.
Utilizing advanced analytics and real-time monitoring tools is essential for anticipating liquidity needs. By closely tracking market trends and user behavior, payment gateways can proactively adjust liquidity parameters to meet demand.
AMM protocols, commonly used in decentralized finance (DeFi), automate the process of liquidity provision. These algorithms adjust token prices based on supply and demand, ensuring continuous liquidity in decentralized exchanges and payment gateways.
Crypto payment gateways can integrate with liquidity pools, which are reserves of tokens supplied by users. This integration helps ensure that the gateway has access to a pool of assets to facilitate transactions, enhancing liquidity.
Smart contracts can be employed to automate liquidity provision and management. These contracts can set predefined rules for liquidity adjustments based on market conditions, enhancing efficiency and reducing the need for manual intervention.
Effective liquidity management contributes to seamless transactions, ensuring users can buy or sell cryptocurrencies without delays or disruptions. This enhances the overall user experience and promotes trust in the payment gateway.
Transparent communication about liquidity management practices is crucial for building trust with users. Payment gateways should provide clear information on liquidity levels, risk management strategies, and any potential impacts on transactions.
In the rapidly evolving world of cryptocurrency transactions, liquidity management is a cornerstone for the success and reliability of crypto payment gateways. By addressing market challenges, implementing effective risk mitigation strategies, and leveraging technological solutions, these gateways can navigate the complexities of liquidity and provide users with a seamless, trustworthy, and efficient platform for engaging in digital transactions. As technological innovations continue, the landscape of liquidity management in crypto payment gateways is poised for further advancements and improvements.
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Liquidity Management in Crypto Payment Gateways: Strategies for ... - Analytics Insight