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Hashing It Out: Layer-2 challenges and enterprise adoption with LightLink CEO
Roy Hui, co-founder and CEO of LightLink, breaks down what it takes to build a layer-2 platform in a very competitive field — from airdrops to developer engagement and adoption.
In this episode of Cointelegraph’s Hashing it Out podcast, host Elisha Owusu Akyaw interviews Roy Hui, co-founder and CEO of LightLink, a layer-2 blockchain. Hui discusses the current state of the blockchain industry, the challenges faced by layer-2 solutions, and LightLink’s unique approach to addressing these challenges.
Hui discusses the current landscape of blockchain technology, noting the saturation of layer-1 and layer-2 networks while emphasizing the vast untapped potential for real-world applications.
“I think when you consider the number of people in this world, the number of transactions that we do on a daily basis in terms of [...] riding a bus or playing a video game, there’s not enough capacity in all of the blockchain combined right now.” Read More
Binance has announced the successful integration of Tether’s USDT token on The Open Network (TON).
According to an official Binance announcement, as of June 21, users can now deposit and withdraw Tether on TON.
“Binance has completed the integration of Tether (USDT) on the Toncoin Network. Deposits and withdrawals are now open.”
The integration allows Binance users more flexibility in moving stablecoin liquidity onto the TON blockchain.
The move is expected to improve transaction speeds, reduce fees and offer a cost-effective method for handling USDT transactions. Read More
Sorry Dogecoin Fans: Elon Musk’s Twitter Payments Plan Doesn’t Include Crypto
Dogecoin supporter Elon Musk is working toward the launch of a Twitter payments service, but it reportedly doesn’t feature crypto for now.
It appears that Twitter (aka X) users will not be able to use the platform to send or receive cryptocurrencies, at least not any time soon.
Crypto enthusiasts have long speculated as to whether Elon Musk—a major proponent of the Dogecoin meme coin—would integrate digital tokens into the platform as he aims to build an “everything app.” However, new regulatory documents show that while Musk is indeed moving to launch a payments service, it does not appear to have crypto in its sights, per Bloomberg.
What the documents do reveal, rather, are plans for a subsidiary called X Payments, which has been approved for money transmitter licenses in 28 states, with licenses sought in the remaining states as well. X Payments could provide a payments feature for users that resembles Venmo or Zelle. Read More
‘Hamster Kombat’ Telegram Game Airdrop: Everything You Need to Know
Telegram’s hottest game is planning an airdrop via The Open Network (TON)—and Hamster Kombat has teased tips for yielding the best bag.
Hamster Kombat picked up the baton from Notcoin, leading the next generation of Telegram crypto games while apparently amassing huge droves of players—more than 150 million, the game’s developers recently claimed amid a flurry of social media hype.
What’s driving players to the game, which pairs simple tapping gameplay with lightly strategic moves as you take the role of a hamster CEO of a crypto exchange? An upcoming token airdrop, of course, providing an incentive for all of that tapping and more.
We’ve been tuned into the Hamster Kombat hype over the last few weeks here at Decrypt’s GG, and we have both hard details and clear teases about what to expect from the launch—where, when, and how to put yourself in the best position to earn a bigger bag of tokens. Read More
THE INCENTIVIZED LOAN PROGRAM (ILP) is a powerful way to spread wealth. (Updated)
Given the ever-increasing Markethive membership, I’ve updated and republished this article from three years ago for all our newer members. Markethive’s Incentivized Loan Program (ILP), also known as an Initial Loan Procurement, is a valuable tool for distributing wealth. The ILP is essentially a loan that adheres to regulatory standards and complies with the UCC Code. This ensures it can be used in various countries without worrying about fraud or money laundering issues. It's similar to a convertible note, a type of short-term debt financing used for early-stage capital raises. In simple terms, it's like a promissory note or an IOU.
Markethive has developed a revolutionary approach to financing projects through the blockchain, offering an alternative to traditional crowdfunding methods. By leveraging the power of decentralized networks, Markethive's Incentivized Loan Program enables the raising of funds securely and transparently, making it a game-changer for entrepreneurs and innovators. As a pioneer in this space, Markethive is leading the way in decentralized debt crowdfunding, providing a new avenue for businesses to access the capital they need to thrive.
ILP holders have a share in the company's success and receive a portion of the profits in the form of interest, which is 20% of the net revenue paid out monthly, and a final balloon payment at the end of the 20-year note period. Read More
Bitcoin Lightning Network-powered platform to bridge crypto into daily payments
Empowering both businesses and individuals, this platform is paving the way for a unified global payment system through crypto.
Offering innovations that include Lightning Network-supported instant transfers, transactions with traditional debit cards and a Bitcoin acceptance map, Wexo aims to integrate crypto payment into daily life.
Bitcoin is hovering above a total market value of $1 trillion, solidifying its status as a significant digital asset. However, mainstream adoption as a widely accepted payment method remains a challenge.
Federal Reserve reports indicate that only 1% of Americans used crypto for purchases in 2023. Additionally, less than 2% of BTC transactions in 2023 were used for commerce.
To address Bitcoin’s limited acceptance in everyday payments, crypto projects aim to bridge the gap between crypto and traditional finance (TradFi). Read More
How ‘Pixels’ Chapter 2 Upgrades the Ethereum Farming Game—And Why It Took So Long
Pixels founder Luke Barwikowski recounts a brief identity crisis for his studio, which has only emboldened it to stay lean and speedy.
Ethereum-based farming game Pixels—the hottest crypto game not built on Telegram—just rolled out a massive Chapter 2 upgrade this week that significantly shakes things up. But you wouldn’t know it at a glance.
“Everybody’s day-to-day inside the game changes pretty drastically,” Pixels founder Luke Barwikowski told Decrypt ahead of the launch.
Pixels retains the charming retro vibe that the game’s own title conveys. And it’s fair to say that the previous gameplay was a hit with many players, attracting millions of users over the past few months alone. But for Barwikowski and his team, it’s an attempt to “basically fix some of the issues that we’ve seen over the last two years of building a live game.” Read More
How do you put the right valuation on digital assets?
What's the best way to place a value on a cryptocurrency? Take your pick, because there are dozens of options.
Successful crypto investing requires a solid framework for value-based decisions. The efficient-market hypothesis suggests that prices already include all the information that is available about an asset, and that prices reflect the perfect value.
However, there are thousands of examples in crypto and stock markets to contradict this theory. The reality is that markets are inefficient. Why did Apple’s stock price decline by 30% in during the Covid-19 crash in February 2020? Did Apple sell 30% fewer products? Did Apple earn 30% less? Why did GAP’s stock crash 70% over 49 days? Did the biggest clothing retailer in the United States suddenly sell 70% fewer clothes?
The answer to all these questions is a resounding “No.” Markets are often irrational, and prices will not reflect value. As Warren Buffett said, “Mr. Market is a drunken psycho.”
This is where the concept of value investing comes from. Value investing tries to identify securities that are underpriced due to market irrationality. These securities are trading below market value (i.e., with a margin of safety), and investors who buy them, hope that one day, the price will reflect the value of the stock. Read More
Bitcoin Lightning hacker Burak introduces new layer-2 ‘Brollups’
The Bitcoin developer famous for exploiting a bug in the Lightning Network, causing it to issue an emergency update in 2022, is working on a new Bitcoin layer 2 aimed at bringing more decentralized finance use cases to Bitcoin.
Bitcoin developer “Burak” — who also created a Lightning Network competitor called Ark Protocol last year — has introduced “Brollups.”
Brollup is a layer 2 that offers a Bitcoin-native rollup design, bundling up transactions without needing to hard fork Bitcoin or issue a non-Bitcoin token, explained Burak.
In a June 21 Medium post, Burak noted that Brollups is still in the “design phase.” He told Cointelegraph that a signet (testnet) rollout could be on the cards for later this year.
Brollups will aim to support more than 90% of use cases in decentralized finance (DeFi) when it eventually launches, Burak said.
“Whether it’s listing an NFT for sale in exchange for Bitcoin where the buyer pays with Bitcoin upon execution, or placing a token sell order on a decentralized exchange, [all of this is] atomically executed, verifiable, scalable, and enforceable on Bitcoin.” Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
