Posts

Showing posts from January, 2022

Authtrail: Data Integrity Platform Powered by Blockchain

Image
Authtrail is a cloud-based service (SaaS) platform that provides contract-based integrity to business data. The platform maintains the integrity of the data contained within to help call upon and verify critical information throughout different activities. Data manipulation and mismanagement are being pain points for companies around the world. One of the important things that help make effective decisions in business is data that is accurate and consistent. To make data provide the most value for a company, it should have integrity and be of high quality. To do so, it is necessary for digitized companies, production lines, departments, and all stakeholders involved to establish and maintain the relevance and trustworthiness of their data. What Is Authtrail? Blockchain technology is a key for opening the potential of data. It can greatly benefit consumers from its application to decision-making. Blockchain technology ensures that data appended to the blockchain is verified and ...

Hubble Protocol Launched on Solana Blockchain

Image
Hubble recently launched on Solana bringing users a supercharged way to add liquidity. According to Hubble – “Where your money works for you. Maximize your portfolio efficiency – while deposited, your crypto continues to earn the best yield available. Use USDH across the Solana ecosystem. We started as a project in the Solana Hackathon. Now supported by top Solana ecosystem investors.” Hubble (HBB) operates as a Decentralized Autonomous Organization (DAO) with a community supported governance model on the Solana Blockchain. Hello to Hubble! Allowing users to borrow USDH, a 100% decentralized stablecoin,with a 0.5% minting fee. Users can borrow at 0% interest by depositing collateral and earn APY on those deposits. The system uses a collateral ratio formula to give one of the lowest minimum ratios in Defi at 110%. When the ratio drops to 110%, it is liquidated. Hubble shares the fees generated by the system with the HBB holders and opens up governance in a whole new way. They...

Ethereum Hashrate Reaches New All-Time High

Image
On January 27, Glassnodes’ data revealed that the Ethereum hashrate just reached a new all-time high – 1.11 PH/s (1.11 quadrillion hashes per second) at the moment – breaking its previous record of 1.08 PH/s. Hashrate is an indicator that presents computing power of the entire Ethereum network. The new record was set less than a month after the Ethereum hashrate hit 1.08 PH/s on January 13. Theoretically, an increased hash rate indicates a more secure network and a lower chance of a 51% attack. Ethereum Hashrate Reaches New All-time High If the hash rate is too low, it may be damaging to the network because there will be fewer nodes, which will result in slower transactions and less security, as well as more costs. An increase in hashrate also means that more and more miners are joining the Ethereum network. 2022 is an important year for Ethereum as the community is long-waiting for the launch of Ethereum 2.0. This upgrade will transition the network from the current Proof-of-W...

WonderHero: An Anime-Styled Play to Earn Mobile RPG Launches on Polygon

Image
WonderHero is a blockchain NFT (non-fungible token) play to earn mobile game. The game is a turn-based RPG mobile game for iOS and Android where players collect Heroes, enter RPG combat and play to earn tokens in a fantasy world. You can play this game on just about any kind of mobile hardware! Built on Polygon, WonderHero offers players a smooth gaming experience with low gas fees and fast transactions. With a great platform like Polygon behind it, the system works well. Forget about slow times and expensive transaction fees. WonderHero Makes Earning Fun Set in a post-nuclear apocalyptic world, players lead a team of heroes to battle against monsters. Time to fight to survive – and earn while you play. You can earn valuable tokens, and play the whole time. After human civilization has been forced to live in space, the first group of students from Hero Academy returns to the uninhabitable planet Earth, where danger and adventure await. You will be able to play as one of numerous...

Survey Finds Game Devs Not Keen on Supporting NFTs & Metaverse

Image
NFTs have taken over the Internet, but game developers aren’t exactly on board. Yes, they hate NFTs. Previously, the Game Developers Conference conducted a survey of 2,700 game developers. The key objective of the research is to get insights into the interest level of participants in non-fungible tokens (NFTs) and cryptocurrencies. The results were revealed on January 21, titled “ State of the Game Industry 2022 .” Surprisingly, while interest in NFTs is growing, the vast majority of game developers and their studios have no interest in developing or working with non-fungible tokens (NFTs) or cryptocurrency payments, according to the results. Game Devs Don’t Like NFTs The global gaming industry was shaken in 2021 as a result of the phenomenal success of Axie Infinity, the well-known Play-to-Earn game that paved the way for GameFi. Big brands are proud to predict that NFT will be the industry’s future. 2021 was a turning point, and at the start of 2022, a slew of popular game co...

Shiba Inu Hints at NFT Partnership, More to Come?

Image
SHIB is attempting to distance itself from the memecoin nickname by focusing on the development of a robust crypto ecosystem through new apps and initiatives. Following Shiba Inu developer Shytoshi BEANsama’s latest tweet, the crypto community has speculated that a major NFT partnership will be announced soon. According to media speculation, the big guy this time is Lamborghini. Shiba Inu Looks for Transcendence At press time, the developer has yet to reveal any additional information. In the meantime, there has been no official response from Lamborghini. Whether Shiba Inu and Lamborghini are working on something big or not is unknown. Shytoshi wrote last week that he had just passed a major idea to the Shiba Inu Core Team, which, if approved, could have a significant impact on the cryptocurrency space. He had yet to reveal the specifics of the “big idea” at the time of publication. In October 2021, the decentralized cryptocurrency announced that it had joined the NFT bandwagon ...

Is Twitter Paying Attention to NFT Scammers?

Image
NFT-integrated features could provide a number of benefits to social network users on Twitter, but are they as good as they sound? The Metaverse ambitions of Meta (formerly Facebook) have clearly had a significant impact on the business scenarios of other corporations and companies . The next thing we’ve seen is that Meta’s major competitors and tech behemoths aren’t afraid to take the first steps toward creating their own virtual spaces. Elon Musk Criticized Twitter Twitter, Meta’s second-largest competitor, announced today that it has integrated the NFT-feature into the platform. With this move, Twitter became the first major social network to allow users to set NFT assets as their profile picture. The new feature is still in its early stages, and only a few accounts have access to it. Subscribers to Twitter Blue, in particular, can test out the feature. Twitter Blue, which debuted last year, is the company’s paid service, which costs $2.99 per month. When users subscribe to ...

Morphware: Making Machine Learning Work for Blockchain

Image
Today, as machine learning techniques are widely applied to a range of applications, machine learning has become important to online services. Morphware is a decentralized machine learning system that rewards owners of accelerators by auctioning off their idle computing power and then facilitates the associated sub-routines, which can be on behalf of the data scientists to train and test the machine learning models in a decentralized capacity. Types of machine learning models include supervised semi- or unsupervised learning algorithms. The training of a supervised learning algorithm can be seen as a search for the optimal combination of weights to apply to a set of inputs or to predict a desirable output. The impetus of this work is the computational complexity. Hardware that is used to render video games can also accelerate the training of supervised learning algorithms. What Is Morphware? One of the key problems in machine learning models is the computational resources requi...

TON: The Open Network Blockchain from Telegram

Image
The Open Network (TON) is the third-generation proof-of-stake blockchain designed for lightning-fast transactions . As the boom of blockchain technology-based projects has been continuously increasing in today’s digital era, TON is a project that is ultra-cheap, both user-friendly and service provider-friendly, as well as fully operational. Launched in 2018 by the pair founders of Telegram Messenger, the Durov brothers, the project then has been taken over and powered by TON Community. TON is developing as a huge distributed supercomputer or a huge superserver hosting and providing a variety of services in the blockchain world. What Makes TON Special In addition to the ability of processing millions of transactions per second, the ecosystem in the TON blockchain can also support to create a emerging Web3.0 Internet generation with decentralized storage, anonymous network, DNS, instant payments and various decentralized services. TON Blockchain The TON blockchain is unique with ...

ByBit to Enter the NFT Arena With Launch of New Marketplace

Image
Whether you’re new to digital collectibles or an NFT collector, Bybit’s New NFT marketplace promises one of the best collections available , along with reliability, stability and a seamless user experience. Another NFT marketplace in a world where NFTs are red hot. ByBit will be offering NFT trading, and allow its clients to fully leverage its advanced trading tools. The popular cryptocurrency exchange Bybit has launched its non-fungible token marketplace. How does Bybit seek to be set apart from the rest and how will they deliver? Ben Zhou, CEO and co-founder of Bybit, noted that despite the skepticism surrounding investments in NFTs, the initiative has made it possible for more people to participate in digital ownership. It also gives content creators the right of ownership and control over their works. The Bybit NFT Marketplace is set to become a one-stop shop. Bringing together artists, creators and collectors. Buy, sell or trade NFTs on the Ethereum ERC-721 standard. No need ...

Google Takes its First Step in the Crypto World, Disregards Years of Censorship

Image
Google has eyed on cryptocurrency offerings for a long time, supporting a couple of projects and businesses. This time, the US tech giant decided to take the first major step. Google is launching a division dedicated to develop a wide range of financial services including blockchain and cryptocurrencies. In an internal email to Bloomberg, Vice President of Engineering for Google’s Advertising Infrastructure and Payments Systems Shivakumar Venkataraman cited that Google is involved in, “blockchain and other next-gen distributed computing and data storage technologies.” Venkataraman will be the leader of Labs, a division that will be responsible for the company’s virtual reality (VR) and augmented reality (AR) product development efforts in the future. Google Can Eat It! Google’s drastic move has caused puzzlement in the mainstream media, primarily because the company has not been a true participant in this few for a long period of time. The establishment will see Arnold Goldberg...

Money On Chain Brings Earning to Bitcoin Holders with 25% Return

Image
Money On Chain protocol enables the creation of new Stablecoins Tokens , allowing transactions of innovative financial systems to be free from the volatility of the current cryptocurrencies markets enabling a world where transactions are instant, cost-efficient, and free from the volatility of the current cryptocurrencies markets. Furthermore, this platform enables international trade to be frictionless so individuals and companies can use the Bitcoin blockchain without facing volatility risks. Money on Chain hence the best of both worlds, decentralization, security, the immutability of Bitcoin, and the stability of traditional fiat to create such a solution. Max Carjuzaa, Co-Founder and Contributor of Money on Chain told media: “The past two years have demonstrated the robustness and outstanding performance of the model, even in the most averse market scenarios. What Money On Chain promised at launch has been successfully delivered and keeps growing.” Money on Chain protocol i...

Solv Creates Convertible Voucher System for DAO & Startup Fundraising

Image
Early stage fundraising is always risky. Solv has a solution for early stage crypto companies, or any company that need to take on cash without risk – convertible vouchers! It is a simple concept. Companies need to take on capital to expand. Pretty easy to understand. But – the fundraising process can be complex. The existing Venture Capital (VC) system is predatory. VC firms want to take as much as they can in the early stages, and make as much as they can later on. Here is the thing – there is a huge amount of room for innovation in crypto fundraising. Solv has it nailed. It is all about ownership. If a company can own a part of a project, it will be more than willing to pump cash into the project. Solv Has it Working For The Masses There is no reason why fundraising should be difficult, or risky to the founders of an idea. Investors probably aren’t going to accept tokens without ownership for much longer. They want to own a part of what they are investing in. Solv has the answ...

Will Rivals Take On Ethereum in the NFT Market?

Image
According to a JPMorgan’s analyst, Solana and Tezos have the ability to take on Ethereum’s dominance in the NFT ecosystem . The NFT market is a massive pie that everyone wants a piece of. According to Nikolaos Panigirtzoglou, an analyst at JPMorgan, Ethereum (ETH) was supposedly the dominator in the first phrase. It appears that the second-largest cryptocurrency is losing the spotlight to some of its prominent competitors in the non-fungible token (NFT) market. The Game Changes for Ethereum Nikolaos’ statement was not the initial warning against Ether. According to previous predictions, many crypto experts expressed concerns regarding its position. Speaking to Markets Insider, Nikolaos asserted that high fees on the Ethereum network are a key negative factor driving many NFT market participants away from the blockchain and posing a potential threat to the ETH network. Nikolaos stated, “It looks like, similar to DeFi apps, congestion and high gas fees have been inducing NFT app...

SocialKYC: Built on KILT Protocol Launches for Decentralized Identity Attestation

Image
B.T.E BOTLabs today announced the launch of SocialKYC , a new platform that is built on the KILT protocol. It is a decentralized identity service that restores control to consumers, and makes Know Your Customer (KYC) procedures a lot easier. Social KYC has created a system that puts the power to control data back in the hands of the people. In most cases, people have to trust major platforms completely when it comes to keeping data safe. This has led to a number of issues, especially when it comes to major banks. SocialKYC Nails Privacy For many financial operations, KYC procedures are just plain necessary. This has put some companies in a lurch, as the data they must hold acts as a liability. Here is how SocialKYC works SocialKYC first sends the user a simple task to verify their control of a specific account. After a successful check, SocialKYC issues a credential to the user which remains under their full control. The credential states the ownership or control of the speci...

Walmart: Planning To Launch Cryptocurrency, NFTs & Metaverse

Image
The Metaverse is predicted to be the talking point of this year after a successful year of non-fungible tokens – the key to access the metaverse. By the end of 2021, tech and game giants including Facebook, Epic Games / Fortnite, Roblox, Snap, NVIDIA and Unity, took big steps in joining the metaverse. Walmart is the next name that previously showed interest in entering the digital universe . Will Walmart Jump On The Bandwagon? Walmart Inc., a multinational retail giant, is optimistic about the Metaverse’s future, having filed patent applications for cryptocurrency and blockchain-based NFT collection. As previously reported, Walmart submitted several patent applications with the U.S. Patent and Trademark Office by the end of last month. But it wasn’t until January 16 that CNBC disclosed more details about Walmart’s strategy, which amazed the public. There are three significant applications among these patent filings that demonstrate linkages to cryptocurrency and the Metaverse un...