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Hope.money Partners with Cobo to Expand its Distributed Reserve Network – Yahoo Finance

HONG KONG, Aug. 4, 2023 /PRNewswire/ -- Distributedstablecoin project Hope.money today announced to partner up with Cobo, a globally trusted leader in digital asset custody solutions, on its custodian technology solutions. This partnership represents a significant milestone in the decentralization of Hope.money's reserve network. Previously Hope.money had chosen Coinbase Custody as its initial digital asset custodian.

Founded in 2017 and headquartered in Singapore, Cobo is one of the largest digital asset custodians globally, trusted by over 500 institutional clients across Asia, Europe, the Middle East, and North and South America, with billions of dollars in assets under custody. From custodial wallets to non-custodial solutions including advanced multi-party computation (MPC) and smart contract-based custody, Cobo empowers institutions to secure and manage their digital assets their way.

Ethereum's Shanghai Upgrade has sparked a surge of interest in Liquid Staking Derivatives (LSDs). The partnership enables Hope.money to experiment on the possibility to include stETH to its pool of reserve alongside the existing BTC and ETH. Hope.money users can stake ETH with Lido and receive stETH, under the custody of Cobo Argus, to earn native yields and avoid opportunity costs when minting $HOPE. While holding ETH alone does not generate this portion of income, the partnership with Cobo will potentially benefit all parties within the ecosystem.

Flex Yang, Founder of Hope.money, stated, "We are excited to announce our collaborative efforts with Cobo, which will provide our users with greater yield opportunities while enhancing the ecosystem's capital efficiency and decentralization simultaneously. Together, we can achieve efficient and specific interaction with DeFi protocols through role-based access controls, creating a more secure DeFi environment for all users."

About Hope.money

Hope.money pioneers in bridging DeFi, CeFi, and TradFi with the HOPE Ecosystem, featuring the distributed stablecoin $HOPE, aims to provide frictionless and transparent next-gen financial infrastructure and services accessible to everyone. This all-in-one ecosystem provides a comprehensive set of use cases for $HOPE, including swap, lending, custody, clearing, and settlement, while incentivizing users to participate in the ecosystem and community governance through $LT.

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About Cobo

Cobo is a globally trusted leader in digital asset custody solutions. As the world's first omni-custody platform, Cobo offers the complete spectrum of solutions from custodial to non-custodial services including MPC and smart contract-based custody, as well as wallet-as-a-service, advanced DeFi investment tools and an off-exchange settlement network. Trusted by over 500 institutions with billions in assets under custody, Cobo inspires confidence in digital asset ownership by enabling safe and efficient management of digital assets and interactions with Web 3.0. Cobo is SOC2 Type 1 and Type 2-compliance-certified and licensed in 5 jurisdictions.

For more information, please visit http://www.cobo.com

About $HOPE

Designed to be a crypto-native distributed stablecoin, $HOPE is currently backed by reserves of BTC, ETH and stETH at a set pegging ratio, the reserve price of $HOPE now fluctuates alongside BTC, ETH and stETH prices.

Website:http://hope.money/

Twitter: https://twitter.com/Hope_money

Discord: https://discord.gg/hopemoneyofficial

Telegram:https://t.me/hopemoneyofficial

Cision

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SOURCE Hope.money

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Bald 2.0 A Groundbreaking Project on ETH Network Emerging with a Visionary Mission – Yahoo Finance

Lisbon, Portugal - (NewMediaWire) - August 3, 2023 - Bald 2.0, an exciting new project on the ETH network, has emerged with a visionary mission to revolutionize by aiming for the recovery of losses for potential users. By introducing an innovative payback system, the project is set to provide ETH rewards to the top 50 holders and exclusive NFT collections to the top 200 holders, reshaping the landscape of investment opportunities and deflationary ecosystems in the crypto space.

The main aim of Bald 2.0 is to recover the losses through a sophisticated rewards structure, the top 50 holders will be rewarded in ETH, while the top 200 holders will receive special NFT collections, creating a powerful incentive for potential users to participate actively in the project. These rewards are claimable every 10 days, ensuring a consistent and attractive benefits program for dedicated holders.

To fuel the rewards system, 8% of the sell taxes will be diligently allocated to a dedicated rewards pool. This pool will be exclusively reserved for the top 50 holders, allowing for a transparent and equitable distribution of rewards, precisely in line with the project's core values.

One of the standout features of Bald 2.0 is the secure liquidity locking mechanism. The project has partnered with a security company, to ensure that rug pulls are rendered impossible. This strategic collaboration guarantees enhanced security and instill confidence among investors, shielding them from potential risks and uncertainties.

Furthermore, Bald 2.0 takes pride in its commitment to decentralization and community-driven growth. To demonstrate this dedication, the project will not have any team tokens. This crucial decision prevents any possibility of internal stakeholders affecting the token's price, ensuring a level playing field for all regular holders.

In a move to bolster transparency and autonomy, Bald 2.0's contract will be renounced after the launch. This action represents the project's dedication to decentralization, fostering trust and confidence among investors and stakeholders alike.

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The deflationary ecosystem and rewarding use cases of Bald 2.0 have sparked tremendous excitement and anticipation within the crypto community. With its innovative approach and commitment to investor prosperity, Bald 2.0 is poised to unlock exceptional potential in the market.

About Bald 2.0:

Bald 2.0 is a trailblazing project on the ETH network, designed to recover losses for base chain investors by offering rewards in ETH to the top 50 holders and special NFT collections to the top 200 holders. With its dedication to security, decentralization, and transparency, Bald 2.0 is committed to reshaping the crypto landscape and setting new standards in the industry.

Whitepaper: https://bald-2-0.gitbook.io/bald-2.0-whitepaper/

Twitter: https://twitter.com/bald2ETH

Telegram: https://t.me/+WuprcctSkjc3MDQx

Marketing Partner: CrmoonBoy(CrMoon)

Media Contact

Organization: Bald2

Contact Person: tilio rodiger

Website: http://bald2eth.com

Email: bald2@bald2eth.com

City: Lisbon

Country: Portugal

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Bald 2.0 A Groundbreaking Project on ETH Network Emerging with a Visionary Mission - Yahoo Finance

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Craig Wright: Smart contracts are neither ‘smart’ nor ‘contracts’ – CoinGeek

While smart contracts have become ever more popular as blockchain adoption surges, Dr. Craig Wright says they are neither smart nor should be considered contracts.

Dr. Wright was at the University of Exeter for the sCrypt hackathon, where he interacted with the students and answered all their Bitcoin questions. In an interview with CoinGeek Backstage, he talked about building on Bitcoin, blockchain decentralization, smart contracts, and more.

Smart contracts is a pretty little term that sounds good, but there are two problemsthey are not smart and they are not contracts, he told CoinGeek Backstage reporter Becky Liggero.

They are not smart; they are automated, Dr. Wright stated.

Additionally, contracts can only be between two people, and when its automated and just executes, thats not a contract, its just the evidence component of an exchange.

In his presentation to the students at the hackathon, Dr. Wright talked about the myth of decentralization and how it affects the stability of a protocol.

As he told CoinGeek Backstage, decentralization isnt about how many nodes are in a network. Rather, its about whether theres an entity that controls the software that runs the nodes on the network.

Bitcoin is decentralized because it has a protocol thats set in stone. Ethereum is centralized because a small group controls the future of a system. BTC is centralized because three developers control the repository and decide which changes occur.

However, these protocol developers continue to tout their decentralized nature to give users an illusion they lack total control of the network.

Dr. Wright further debunked the code is law myth that he says is pushed by individuals who want to sit behind the curtain in a Wizard of Oz way and run the system without the publics knowledge. This group is against democracy and believes they have superior intellect and, thus, they should set the rules.

The nature of decentralization is allowing people to control their own lives, he noted.

Watch sCrypt Hackathon at University of Exeter: Building smart contracts with blockchain

New to blockchain? Check out CoinGeeks Blockchain for Beginners section, the ultimate resource guide to learn more about blockchain technology.

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How Will Web3 Impact the Future of Search Engines? – Techopedia

Search engines have evolved significantly since the beginning of the Internet, from those that used simple algorithms to index and retrieve web pages (Web1) to more personalized search engines that included social signals in their algorithms (Web2).

Web3 search engines are still evolving, and theyre mainly focused on privacy, decentralization, and user control. Web3 search engines are driven by a vision of a more unbiased and open Internet and giving users more control of their digital identities and their data. As such, search engines will likely become more personalized and decentralized.

Blockchain technology and artificial intelligence (AI) are to play major roles in Web3 search engines, and decentralization will enable these search engines to deliver more trustworthy and accurate results as well as alleviate concerns about data privacy.

The next iteration of the World Wide Web, Web3 is a decentralized web that allows companies to create decentralized apps (dApps) and services. Web3 technologies are particularly well-known because they can use a variety of realities, and digital assets, such as NFTs and cryptocurrencies.

And in the future, search engine optimization (SEO) will include blockchain, the metaverse, and virtual reality to enhance the interaction between humans and machines.

One of the main ways Web3 impacts search engines is through the emergence of decentralized search engines that operate via a distributed network of nodes (servers), the foundation of which is blockchain technology. Web3 search engines dont rely on central servers to index and store data; rather, the search engines indexes are distributed across these decentralized networks of peer-to-peer nodes.

As such, these search engines offer more security, transparency, and privacy than traditional search engines, and theyre also more resistant to censorship.

One of the most important factors shaping the future of the internet is artificial intelligence. Natural language processing (NLP) and similar technologies are making human-to-machine communication much easier. This makes intuitive search methods, such as visual search and voice commands, possible.

Additionally, since AI algorithms learn from the behaviors of users, they can provide personalized product recommendations. Also, integrating AI with blockchain solutions offers an improved Internet that safeguards user privacy without sacrificing the advanced search methods AI technologies provide.

Another way Web3 impacts search engines is by offering more personalized search results. Since users control their own data, they can share that data with search engines the way they want rather than have companies, such as Facebook and Google, collect it.

This could result in a more refined approach to search, with results personalized to each users preferences, interests, and search histories. It could lead to more emphasis on privacy as users decide what data to keep private and what data to share with search engines.

Web3 could also affect search engines in terms of advertising. Decentralized networks, such as blockchain, make it possible to create a fairer and more transparent advertising environment. This could result in a move away from targeted advertising that tracks the online behaviors of users and collects their data.

Instead, advertising could be based on blockchain, where users who engage with ads in a fair and transparent are rewarded, resulting in an enhanced user experience and providing advertisers with an audience that is more receptive and engaged.

Web3 could also result in a greater emphasis on quality content. With personalized search and decentralized networks, there will be more focus on creating engaging, relevant, and useful content. This could result in a move away from sensationalism and clickbait and toward content that is truly valuable and informative.

Web3 and the metaverse are related and immersive technologies, such as augmented reality, have key roles in the development of each. These immersive technologies are growing quickly and changing how users search visually. In addition, augmented reality is also especially suited for geo-based searches because it works based on users current locations.

Companies are currently using geo-based search to target prospective customers in real time. Using augmented reality in conjunction with blockchain technology will also enable intuitive and immersive searching based on location in future metaverse apps.

Yes, there are a number of Web3 search engines that already exist.

Web3 can significantly impact search engines as it creates a decentralized web that allows users to have more control over how their data is used.

Although its not clear precisely how search engines will adapt to this new model, there will be a shift toward security, privacy, semantic search, and user-generated content.

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How Will Web3 Impact the Future of Search Engines? - Techopedia

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Base: Coinbase’s Ethereum Layer-2, Heres What You Should Know – nft now

The ever-evolving world of blockchain technology continues to be a hotbed of innovation, and one of the latest trends in this space is the implementation of Layer-2s, and Coinbases latest, Base.

Promising improved transaction speeds, scalability, and security, Layer-2s are shifting the paradigm of how blockchain networks operate. Coinbase, North Americas largest centralized crypto exchange (CEX), has announced the launch of Base, a new layer-two (L2) Ethereum chain utilizing Optimism. Lets dive in.

At its core, Layer-2s are a type of blockchain architecture. They build upon the foundational base layer (or Layer 1), which typically houses the protocol for a blockchain network like Bitcoin or Ethereum, adding another layer to handle transactions and smart contracts.

The concept of layered architecture in blockchain is not new; what sets layer-2s apart is how theyre designed to maximize efficiency and scalability without compromising security and decentralization. They tackle some of the critical challenges faced by base layer blockchains like network congestion, slow transaction times, and high costs.

Layer-2s operate by creating a second layer of protocols atop the main blockchain. Transactions that would ordinarily be processed on the primary blockchain are instead executed on this second layer. Its like adding an express lane to a congested highway; transactions can be processed more quickly and efficiently, bypassing the traffic on the main road.

The completed transactions on the second layer are then batched together and added to the main blockchain as a single entry, reducing the load on the primary chain and significantly increasing the overall networks capacity.

The notable part is that all of this is achieved while maintaining the decentralized nature and security of the blockchain. Transactions in the second layer are cryptographically linked to the base layer, ensuring the same level of security and trustless nature that the blockchain technology is known for.

Base is an L2 chain developed and operated by Coinbase, using the framework of Optimism a layer-two scaling solution for Ethereum, and the second-largest L2 ecosystem after Arbitrum. Optimisms primary objective is to tackle the blockchain trilemma issues concerning scalability, security, and decentralization by enabling interoperability and composability among its rollups, one of which is Base.

Optimism aims to evolve into a superchain of L2 chains, allowing Ethereum to scale up effectively. The superchain offers shared security and tools for developers to interact and create Optimism-compatible L2s, which works with regular wallets. Coinbase and Optimism have worked together for more than a year, contributing to the development of EIP-4844, an Ethereum upgrade that could drastically reduce L2 transaction fees.

In July, Base became available for developers to test their applications on the new network. Starting now, users can transfer their ether (ETH) to Base, according to a Coinbase blog post. The update coincides with Coinbases upcoming second-quarter earnings report and the start of Onchain Summer, a series of events for creators and developers to create art or develop applications on Base. Participants include Coca-Cola, Atari, and the non-fungible token platform, OpenSea.

The launch signifies Coinbases strategic commitment to web3 and L2 adoption, eyeing potential future revenues.Given the increasing demands of blockchain networks whether for decentralized finance (DeFi), non-fungible tokens (NFTs), or myriad other applications Layer-2s are emerging as an effective solution to improve scalability.

Base recently announced that the mainnet will be open to all users on August 9, providing a comprehensive platform to explore the various possibilities within blockchain technology.

According to Base, Our mission remains unwavering: ushering in the next million builders and a billion users on-chain.

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Learn Why Chinese Investors are Gravitating To Bitcoin Spark and … – The Coin Republic

In 2021, blockchain suffered shockwaves as China restricted crypto transactions and bitcoin mining. The nation kept the ban in phases and September 2021 marked the beginning of rule. Two years later, the country is paving the way for crypto operations, including XRP and Bitcoin Spark. Bitcoin Spark has had Chinese venture capitalists join its ecosystem because of the decentralization in mining activities among other interesting and exclusive features.

XRP is a digital currency inaugurated by Ripple Labs. It is also the native token of the Ripple network. XRP is set to increase amid the incoming bull run facing the crypto market. Crypto enthusiasts believe the virtual currency community might experience an earlier bull run. XRPs rise is dependent on Bitcoins surge. Ripple has captured Chinese investors attention following the latest winning battle over the SEC.

The Chinese government banned crypto activities after the critical plummet of Bitcoins prices that melted the entire market. Inaugurating Bitcoin Spark has raised interests in the state to a point where several investors seek to join to avoid the fear of missing out (FOMO). Bitcoin Spark is a new crypto project that leverages the decentralized ecosystem to carry out its operations. The network utilizes a proof-of-process mechanism that links up proof-of-stake and proof-of-work together with a new technological reform.

The platform also has a strategic system that promotes the linear distribution of rewards. The reason why Chinese investors are flocking into the community is due to the decentralization processes embedded in the project. The project rents its processing power to individuals unable to mine Bitcoin due to inadequate capital for electricity and sophisticated mining equipment. They can now perform mining activities with electrical devices connected to the internet.

The platforms native token is BTCS which powers activities for the ecosystem. BTCS is also used to reward participants who actively participate in the tokens development. The maximum supply of the token is 21 million, which will be allocated to the incoming public ICO, liquidity and exchanges, mining rewards, and team tokens. The first stage of the token ICO is set to commence on August 1st with a price peg of $1.50 and a 20% bonus for all participants. Users will generate an 800% profit on any investment made during phase1 when the project goes live on mainnet on November 30th.

The projects marketing strategy relies on leveraging modern technology through media, storytelling, and strategic positioning. The team leaders have knowledge based on the ledger ecosystem and believe in the development of the project. Bitcoin Spark generates its revenue from renting processing power to its clients. The team will utilize 3% of the revenue for maintenance and income. Advertisement is also a source of revenue generation as a small portion of the website and application.

Cryptocurrency bans are evident in the ledger technology, as many have faced several lawsuits. Most security exchanges believe cryptocurrencies have caused shamas in the financial system, affecting small-scale investors. For instance, Sam Bankman, the former FTX manager, made clients lose their assets. Bitcoin Spark is the next project that will garner various investors worldwide. Bitcoin Sparks has various means for clients to generate revenue.

Website: https://bitcoinspark.org/

Buy BTCS: https://network.bitcoinspark.org/register

Disclaimer:Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

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How liquid staking can potentially harm the Ethereum ecosystem … – Cointelegraph

As it continues to grow, liquid staking brings considerable risks to the space and needs better decentralization, according to a report published by digital asset firm HashKey Capital.

According to the report, the overall liquid staking derivatives (LSD) market has surged to more than $22 billion in total value locked in 2023. In addition, the market capitalization of LSD projects has reached $18 billion.

While the growth of LSD protocols may be good for their respective communities and tokenholders, it also could be a double-edged sword. According to the report, it could harm the Ethereum ecosystem in various ways.

As the table above shows, many LSD protocols rely on a small number of node operators that centralize a large number of validator nodes. According to the report, the number of node operators should be a point of concern for centralization.

Related: Liquid staking claims top spot in DeFi: Binance report

The report notes that centralization in liquid staking can have several harmful effects on the ecosystem, such as reduced competition and increased risk of censorship. According to the report:

In addition, as it gets further centralized, there are risks of decreased security, as big staking players can make it easier for attackers to carry out 51% attacks. Moreover, theres also an increased risk of collusion.

Centralized stakers can collude to carry out actions that go against the decentralization ethos and against the users, such as malevolent MEV extraction and frontrunning, the report reads.

While there are centralization risks, HashKey also recognizes that most protocols are very recent and have made plans to decentralize and add distributed validator technology to their protocols for better decentralization and resiliency.

Magazine: SEC reviews Ripple ruling, US bill seeks control over DeFi, and more: Hodlers Digest, July 16-22

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Bigger Bitcoin Mining Companies are already making the switch to … – Crypto News Flash

Crypto players invest in pursuit of profitability, and as new solutions emerge, new projects attract the interest of major participants in the mining industry. Bitcoin mining companies are now switching to this innovative coin, recognizing its potential to revolutionize the mining landscape. With its unique features and promising advancements, Bitcoin Spark is poised to challenge traditional mining practices and offer exciting opportunities for miners and investors.

Bitcoin pioneered cryptocurrency, and all that goes into its infrastructure. It capped its fixed supply at 21 million Bitcoins, with the current circulating supply at 19 million and the rest being mined. Mining, therefore, is the process by which new bitcoins are created and added to the circulating supply. Mining doubles as the mechanism through which transactions on the Bitcoin network are validated and added to the public ledger, the blockchain. Miners can be individuals or entities who use powerful computers to solve complex mathematical problems through the proof-of-work system. These mathematical puzzles serve as a way to secure the network and prevent fraudulent transactions. Bitcoin mining is a competitive process, and miners compete to solve the problem and create a new block. However, Bitcoin mining is resource-intensive, requiring significant computing power to have a chance at earning rewards. Bitcoin Spark eases the mining entry requirements.

Bitcoin mining profitability depends on electricity costs, hardware efficiency, Bitcoin price, and mining difficulty. It can be profitable during favorable market conditions but less profitable during price drops or increased difficulty. Efficient hardware and low electricity costs boost profitability, and potential miners should consider initial investments, ongoing expenses, and market volatility before entering the competitive mining industry.

Bitcoin Spark (BTCS) is a promising and innovative solution to cryptocurrency investment and mining. With its unique approach to mining rewards, combining staking and processing power (work done), Bitcoin Spark aims to address the limitations faced by traditional cryptocurrencies like Bitcoin and Ethereum.

One of the key differentiators of Bitcoin Spark is its unique blockchain technology, which combines Proof-of-Stake and Proof-of-Work. Bitcoin Spark uses an all-new blockchain technology called Proof-Of-Process (PoP). It allows users to participate in mining and earn rewards by staking their tokens and providing processing power to the network. Unlike traditional Proof-of-Stake systems, where rewards directly correlate to the amount staked, Bitcoin Sparks non-linear reward system prioritizes both stake size and the work done using the networks processing power.

Bitcoin Spark aims to achieve true decentralization and security within its network by encouraging participation from diverse miners with varying computing capabilities. Additionally, the blend of PoS and PoW in PoP fosters fair distribution of rewards, preventing any single miner from gaining excessive power and compromising the networks security.

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Bitcoin Sparks focus on scalability is evident through its efforts to improve transactions per second by decreasing block time and accommodating more individual transactions per block. This reduces transaction fees and improves scalability, making it a more efficient option for everyday transactions. Moreover, the Bitcoin Spark Application empowers users to mine and rent out their computational power to companies and individuals, further promoting decentralization and accessibility for mining.

With its ambitious goals and unique features, Bitcoin Spark aims to become a competitive player in the cryptocurrency mining space. Its unique approach and vision may pave the way for a better mining solution and attract attention from those seeking more efficient, affordable, and secure mining options.

Read here for more information:

Website: https://bitcoinspark.org/

Buy BTCS: https://network.bitcoinspark.org/register

Crypto News Flash Disclaimer: This publication is sponsored. Crypto News Flash does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should conduct their own research before taking any actions related to the company. Crypto News Flash is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

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How to Embark On A Crypto-Mainstream Adventure: The Rise Of … – Tekedia

In recent years, the world has witnessed a steady shift toward mainstream adoption of new blockchain projects. Governments, enterprises, and individuals are recognizing the immense potential of blockchain in transforming traditional industries and enhancing efficiency. With its inherent transparency, security, and decentralization, blockchain offers solutions to real-world challenges, ranging from supply chain management and financial services to healthcare and voting systems. As Shanghais government takes strides towards implementing a blockchain digital infrastructure system, it signals a broader movement towards integrating blockchain into various aspects of urban life.

As governments and institutions worldwide recognize what blockchain technology is, new blockchain projects are stepping up to revolutionize various industries. In this article, we will explore the prospects of two established players, Solana (SOL) and Chainlink (LINK), also introducing DogeMiyagi (MIYAGI), an innovative network that has the potential to lead in this crypto-mainstream future.

Solanas blockchain platform has gained significant attention for its high-speed and scalable capabilities. Its innovative approach to consensus mechanisms enables lightning-fast transactions, making it an ideal choice for large-scale applications. With its efficient performance and low transaction costs, Solana is quickly becoming a prominent player in the crypto space.

One of Solanas distinctive features is its ability to handle complex smart contracts while maintaining exceptional performance. As blockchain applications become more sophisticated and widespread, Solanas technology becomes increasingly crucial in shaping the crypto-mainstream future.

Chainlink plays a vital role in bringing real-world data to blockchain smart contracts. Through its decentralized oracle network, Chainlink ensures that smart contracts can access reliable off-chain information, expanding their capabilities and use cases. As blockchain integration continues to grow across various industries, Chainlinks role in ensuring data integrity and security becomes indispensable.

With strategic partnerships across finance, supply chain, and gaming sectors, Chainlink demonstrates substantial potential for growth. Its adaptability and strong community support make it a force to be reckoned with in the blockchain ecosystem.

Amidst these established players, DogeMiyagi emerges as a new blockchain project with immense promise. Built on Ethereums solid foundations, DogeMiyagi inherits the security and flexibility that have made Ethereum a renowned name in the crypto world.

One notable feature that sets DogeMiyagi apart is its community-centered approach. Decentralization empowers every participant to have a voice in the projects development, fostering trust and transparency. This collaborative ethos aligns with the growing trend of blockchain projects that prioritize community involvement, ensuring long-term sustainability and support.

DogeMiyagis unique blend of entertainment and utility positions it uniquely in the market. The project ingeniously combines meme culture with sophisticated token utility, appealing to both meme enthusiasts and investors seeking tangible real-world applications.

As blockchain technology continues to redefine finance, entertainment, and other sectors, new projects like DogeMiyagi offer fresh ideas and innovation. Its emphasis on community-driven growth, combined with a robust network foundation, sets the stage for accelerated growth and leadership in the competitive crypto landscape.

As the world trends towards mainstream adoption of blockchain technology, the potential for market leadership and meaningful impact becomes evident. Solana and Chainlink showcase the power of blockchain in revolutionizing industries, while DogeMiyagi stands as an innovative network ready to take on the challenges of this crypto-mainstream future.

Investors and enthusiasts seeking promising opportunities in blockchain should look towards new projects like DogeMiyagi. Embrace the future of mainstream crypto and embark on a journey of innovation and market leadership with DogeMiyagi (MIYAGI), a project that embodies the transformative power of blockchain technology. These pioneering projects lead the way towards a future where crypto becomes a fundamental part of our daily lives.

DogeMiyagi (MIYAGI):

Website: https://dogemiyagi.com

Twitter: https://twitter.com/_Dogemiyagi_

Telegram: https://t.me/dogemiyagi

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Is centralization inevitable when making DeFi available to the … – Finextra

In recent years, I have delved into the domains ofDeFi (decentralized finance), Web3, blockchain, and cryptocurrencies, building a solid understanding (although far from being an expert) of their underlying concepts and technologies. Nonetheless, I continue to grapple with the business and economic aspects surrounding these innovations. Surprisingly, there are very few articles focusing on the economics of DeFi and blockchain businesses and this in sheer contrast to the enormous amount of content focusing on the technology and the innovative and disruptive nature of this technology.

As an engineer, I find the technology behind permissionless decentralized blockchains and smart contracts immensely captivating. However, as a business and functional analyst, I struggle todiscern the business dynamics: the viability of the business case, the definition of customer support models and the customer journeys both in happy and unhappy flows. Unfortunately, these critical aspects seem to receive inadequate attention within the Blockchain and DeFi community.

In the end these questions do not come from the underlying blockchain technology, but rather from thediscussion between decentralized and centralized finance. The core distinctive feature of Web3 is also the decentralization of business models.The central question, persistently unanswered in discussions on DeFi and Blockchain, revolves around theviability of decentralized models within our current capitalist framework, which heavily relies on centralized entities that generate profit by offering services while assuming responsibility, risk, and accountability.

Several instances exemplify thistension between decentralization and centralizationwithin the crypto space:

Bitcoin: originally intended as a fully decentralized creation governed by the masses, Bitcoin has succumbed to the dominance of a few centralized players (crypto-miners and exchanges), which are so dominant that they can also influence the future of Bitcoin.

Ethereum: the shift from "Proof of Work" to "Proof of Stake" reduces costs and ecological impact but raises concerns of increased centralization.

NFTs: initially a purely virtual concept, NFTs have evolved to include extra services and perks outside the blockchain. Organizing these physical world benefits necessitates involvement from centralized companies, eroding the decentralization aspect.

Stable Coins: while offering a lot of potential for mainstream adoption and direct payments, stable coins introduce a level of centralization, as they require an underlying issuer to maintain reserves in fiat currency, ensuring the stability of the coin.

Crypto-Exchanges: these platforms create significant centralization by providing centralized management, facilitating fiat-to-crypto conversions (via off- and on-ramping), and offering virtual wallets for private key storage.

Open-Source Projects: even projects with open-source code often rely on a single company or a handful of entities for development. These companies are often rewarded through Initial Coin Offerings (ICOs), but those introduce clearly also a strong conflict of interest (and centralization).

Currently, the crypto community remains relatively closed and niche, comprising individuals with technical expertise and an anti-establishment mindset. However, ascrypto becomes more mainstream, attracting larger financial institutions and less tech-savvy users, the gravitational pull toward centralization intensifies. This shift is driven by various factors, including

Regulatorsneed to have a party to talk to and regulators will impose more and more restrictions (e.g. on KYC or AML) when crypto become more mainstream (cfr. MiCA directive in EU)

Lobbyingrequires a central authority

Users (especially companies) want to have ajuridical agreementwith a party, so they can take legal action in case of issues

Users want to be able tocall someone in case of questions/support

Users need muchbetter and more user-friendly interfaces, which require much more design and coding (which needs again to be organized, most likely by a central entity)

Marketingis needed to convince users to use the new platform (e.g. take away fear about security & fraud issues)

In the endcentralization allows more simplicity, especially for users with little technical knowledge.And ifcentralization is ultimately inevitable, for reasons which are non technical, the question can be raised if blockchain is then still the best technological choice (and not a centralized database with certain encryption and non-permutation capabilities on top of it).Some people argue that blockchain can form an alternative ecosystem alongside traditional systems, as innovating within the existing payment ecosystem is too challenging due to dependencies and technical constraints. While a valid argument, it seems somewhat contrived, as a more efficient and modern alternative ecosystem could also be built using centralized technologies with added encryption and non-permutation capabilities.

Blockchain technology isstill searching for widespread product market fit. In developed countries, cryptocurrencies serving as investment assets, represent the only use case with substantial market adoption. Other use cases, often leveraging blockchain in traditional platforms, tend to be less user-friendly and fail to provide significant added value for the average user. Blockchain enthusiasts argue that security, privacy, and decentralization provide sufficient value in themselves, but these qualities are challenging to grasp and quantify for most users.In emerging countries, the situation may be more promising due to the lack of banking infrastructure, a substantial unbanked population, untrustworthy governments, high inflation rates and high transaction costs.

As the crypto world evolves and attracts substantial investment from business experts, it is essential to acknowledge potential blind spots and engage in discussions that move beyond the ideological (almost religious)debate of centralized vs. decentralized. Instead, the focus should be on how mainstream users can derive value from DeFi and Web3 and how these models can be organized to address unhappy scenarios (e.g. a user having a question or something goes wrong). By addressing these concerns and striking a balance between decentralization and centralization, the crypto community can pave the way for broader adoption and integration within the traditional financial system.

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Is centralization inevitable when making DeFi available to the ... - Finextra

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