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Public Versus Private Blockchains – Choosing the Right Model for Your Needs
Blockchain operates on a network of computers called, ‘nodes,’ and each of them holds the same copy of the ledger with recordings of transactions.
They compare their copies of blocks to reach a consensus and quickly identify any inefficiencies or fraud, making it almost impossible to hack the network.
As a result, the entire blockchain isn’t under the control of a single entity – instead, consensus on transaction validity is achieved through the majority of nodes.
Decentralization is a cornerstone of all public blockchain networks, as it eliminates the need for a central governing entity. Read More
Gillmore Centre for Financial Technology launches Crypto Dashboard
The Crypto Dashboard, created by the Gillmore Centre for Financial Technology at Warwick Business School, has been launched today to revolutionise monitoring capabilities for various cryptocurrency assets, providing users with enhanced real-time insights and advanced analytics.
The platform, designed by leading academics that is open for everybody, is equipped with features such as market overviews of the overall crypto landscape, a Cryptocurrencies Information Component to list all available crypto cards, and an AI Investment Analyst.
The latter helps users form a report selecting the best Exchange Traded Funds (ETFs) and cryptos to build a strong portfolio, detailing the percentage of each asset at different risk/returns, as well as the expected performance of the portfolio under different scenarios.
Ram Gopal, director of the Gillmore Centre for Financial Technology at WBS, said: “As the prominence of crypto advances, we are excited to launch our user-friendly platform catering to crypto enthusiasts as well as novices, enabling all to explore and deepen their understanding of crypto and its landscape. Read More
Web3 should draw newcomers, not be a ‘money grab from brands’ — Tech CEO
Using Web3 and nonfungible tokens to create another slate of millionaires isn’t a good use of the technology, says EndeavourXR CEO Amy Peck.
The crypto industry should focus on building blockchain-based solutions everybody can benefit from instead of launching cash grabs for brands, says Amy Peck, CEO of tech-focused consulting firm EndeavourXR.
Peck told Cointelegraph at the Web Summit in Lisbon, Portugal, that Web3 firms should be build-first oriented and create attractive products to draw newcomers.
She added, using Web3 and nonfungible tokens as “just another money grab from brands” to create another slate of multimillionaires “doesn’t seem like a good look” nor a good use of what is an “elegant technology.”
“This is an infinite landscape. The money’s going to be there, right? Let’s build a better bread box. We have the opportunity to do something really interesting and reinvent this economic construct, invite more people to the party, not just create another 1%.” Read More
Polygon Version of Bitcoin Ordinals Sends Gas Fees Skyrocketing
Before the drop, Polygon gas fees had increased 1,000% compared to the same time a day ago.
Gas fees for transactions on Polygon’s proof-of-stake chain skyrocketed to more than $0.10 or 5,000 gwei on Thursday—rising sharply as the Ethereum scaling solution weathered an apparent influx of inscriptions-related, PRC-20 activity.
As of this writing, Polygon gas fees had plummeted back down to around 270 gwei, according to livdir.com’s Polygon Gas Price Chart. However, before the steep drop, Polygon gas fees had increased 1,000% compared to the same time a day ago, when transactions cost 477 gwei.
“Watch out for that mass adoption incoming, LOL,” a Reddit user named DingDongWhoDis quipped, as several other community members tried to assess the influx of activity. Read More
HVC is poised to triumph in the crypto economy.
Markethive is a monolithic blockchain project currently operating as a social network, an entire inbound marketing platform with email, blogging, and digital media capabilities that broadcast to the vast internet. It’s a complete Market Network and the first of its kind.
Markethive is predominantly a free system where users can access a platform that can cost more than $2,500 offered by other marketing platforms. There are, of course, upgrades that open up more tools and monetization opportunities, the first being the Entrepreneur One Loyalty Program, and coming soon is the Premium Upgrade.
The many domains Markethive has and its autonomous cloud systems that ensure its sovereignty and longevity make it untouchable and immune from the tech giants’ rule and biased agenda. But can still remotely infiltrate the social media platforms and reach the multitudes either locked in or looking for an alternative meritocratic medium.
In other words, wherever you go, Markethive is there, anywhere and everywhere, delivering its message via its community of entrepreneurs to a far-reaching audience. This next-generation social market media is poised in the wings, and when the time is right, it will emerge as a shining light to lift people up and bring financial sovereignty and hope in this gloomy and uncertain world.
The video platform, conference rooms, the unique four specific news feeds currently in development, and many other projects and incentives add to the credibility and need for an ecosystem in the social media and digital marketing space. Read More
Boosting blockchain adoption by keeping tech on the back end
Builders are increasingly looking to streamline their applications with more familiar interfaces to onboard new users.
Understanding the difference between the front and back end is crucial with Web3 technology. The term “front end” describes the portion of Web3 applications that consumers interact with directly. This includes the technology’s user-facing side, websites and decentralized applications (DApps).
The back end, on the other hand, refers to the complex system that supports these Web3 applications. Everything from distributed ledgers and smart contracts to consensus protocols is included here.
However, accessibility and simplicity are important for the adoption of Web3. When the technical complexities of Web3 are too prominently featured on the front end — such as managing cryptographic keys or understanding blockchain concepts — it can alienate a significant portion of potential users. It is important to make the user experience and interactions smooth and easy to understand so that the end-user doesn’t have to worry about the technical details.
By prioritizing accessibility and simplicity, Web3 technology can be more inviting to diverse users. This approach helps bridge the gap between early adopters well-versed in blockchain technology and the broader mainstream audience. Read More
Why Cathie Wood Is Bullish on Solana
"If you look at Ethereum, it was faster and cheaper than Bitcoin in the day. Solana is faster and more cost-effective than Ethereum," Wood pointed out.
Cathie Wood, CEO of ARK Invest, has recently been vocal about Solana, which has been recently experiencing a huge price rally.
In her comments earlier this week, Wood praised the blockchain protocol for its efficiency and cost-effectiveness, especially when compared to Ethereum.
"Solana is doing a really good job. If you look at Ethereum, it was faster and cheaper than Bitcoin in the day. Solana is faster and more cost-effective than Ethereum", she said during an interview with CNBC’s "Squawk Box" on Tuesday. Read More
Tether Charts Strategic Course in Bitcoin Mining, Plans $500 Million Infusion
Tether Holdings Ltd., the issuer of the leading stablecoin in terms of market value and trade volume, is poised to become a formidable player in the mining industry, as revealed by its CEO, Paolo Ardoino. On Thursday, Ardoino announced the company’s intention to channel approximately $500 million into its mining business over the next six months.
Under the strategic guidance of Paolo Ardoino, Tether is set to bolster its mining endeavors. The company is earmarking close to half a billion dollars for enhancing its mining facilities and acquiring stakes in other enterprises. Ardoino shared these insights during a Bloomberg interview conducted on Thursday.
Tether, at the helm of the largest stablecoin by market worth, currently manages the third most valuable cryptocurrency in terms of market capitalization. Read More
ENS Launches EVM Gateway, Enhancing Interoperability Between L1 and L2 Chains
ENS Domains (ens.eth) recently announced the launch of the EVM Gateway, a significant development in blockchain technology aimed at improving interoperability between Layer 1 (L1) and Layer 2 (L2) chains. This new open-source platform is anticipated to be a foundational element in the next generation of L2 resolvers and marks a key milestone in ENS's L2 roadmap.
The EVM Gateway, accessible on GitHub, includes a generic Cross-Chain Interoperability Protocol (CCIP)-Read gateway framework and a Solidity library. This innovative framework allows L1 smart contracts to efficiently and securely fetch and verify state information from other Ethereum Virtual Machine (EVM) chains, specifically L2s. This functionality is crucial for enhancing the communication and efficiency across different blockchain layers, fostering a more interconnected ecosystem.
Key features of the EVM Gateway include a modular design for trustless operations, simplicity in operations, and the flexibility to change targets (L2s) by simply swapping the address of a verifier contract. Users can choose to operate their own gateway or utilize an existing one, adding to the platform's versatility. Read More
How to backup your crypto wallet private keys
To securely backup your crypto wallet private keys, create an encrypted offline copy on a hardware wallet or write them on paper.
In the rapidly evolving world of cryptocurrencies, it is critical to secure one’s digital assets. A crucial element of crypto security is storing a backup of private keys. Private keys are the keys to one’s crypto kingdom, and losing them can cause an irreversible loss of money.
This article will explain the importance of private keys, the risks they pose and the different ways to safely backup keys. 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.
