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Web3 mass adoption: How Web3 can onboard the next billion users
By conquering these hurdles, we can help kickstart mass adoption while still maintaining the original decentralized spirit of Web3.
Achieving mainstream Web3 adoption is a key goal for the blockchain community. We believe strongly in the revolutionary power of this technology, but how do we share its potential with the world? There is no one-size-fits-all solution, so blockchain advocates need to tailor their sales pitch to different audiences in order to kickstart mass adoption from the ground up.
In a little over a decade, cryptocurrency has risen from an obscure corner of the dark web to a significant focus of many investors and institutions around the globe. Compared to traditional financial systems, however, Web3 still remains an afterthought.
On one hand, the lack of clear crypto regulations in countries such as the U.S. remains a major hurdle. The legal grey area around Web3 currently limits the amount of overall investment activity. While constituents in the U.S. can call their representatives and urge them to pass common-sense laws around cryptocurrency, what else can people around the world do to push the blockchain world forward? Read More
TON blockchain launches on-chain encrypted messaging feature
The network previously allowed users to post on-chain messages but only in an unencrypted, completely public way.
The Open Network (TON) has released an on-chain encrypted messaging feature, according to a July 3 announcement from the network’s developer, TON Foundation. The new feature allows for private messages to be sent between TON users.
TON is a blockchain network forked from code created by the Telegram instant messaging app team. Telegram abandoned the project in July 2020, before a mainnet was ever launched. However, it open-sourced TON’s code before leaving, allowing others to continue building upon the work it had done.
The current network, called “TON,” was built by the TON Foundation. The foundation claims that the network provides greater scalability and transaction throughput than other options in the Web3 ecosystem while also remaining decentralized. Read More
5 blockchain-based social media platforms to know
Discover five blockchain-based social media platforms that are reshaping online interactions.
Social media networks built on the blockchain are revolutionizing the way we share, interact and communicate with people online. These systems offer improved transparency, data ownership and decentralized incentives by utilizing the power of blockchain technology.
This article will discuss five well-known blockchain-based social media sites: Steemit, Verasity, Binded, Audius and Sapien. Read More
People Have No Clue About Central Bank Digital Currencies
Central bank digital currencies are due to be rolled out in many countries across the world. The vast majority of people have no idea what is coming and how it will affect them.
From Knowledge To Ignorance:
Poverty and repression make people much more aware politically, and conversations are always taking place in cafes, bars, and back rooms, where the people are accustomed to a government that is in many ways their enemy.
In more recent history this has been the case in countries in Latin America for example, where dictators ruled with a fist of iron, safe in the knowledge that the US with its CIA operatives had their back.
In Western countries today the same surely cannot be said. Ask 1,000 people on the streets in towns and cities across the US, UK, and European countries for their views on central bank digital currencies (CBDCs) and their implications for zero privacy and total control, and probably nigh on all of them wouldn’t have the foggiest clue what is going on, or that the stakes are as high as they’ve ever been. 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
Now You Can Create Tunes via Bitcoin With an On-Chain Music Engine
The app, minted as an NFT-like Ordinal on Bitcoin, showcases the capabilities of “recursive inscriptions” that build upon each other.
Inscribing artwork, games, and even meme tokens on the Bitcoin blockchain would have seemed unimaginable a year ago—but thanks to Ordinals, it’s all happening. And over the weekend, someone used the protocol to put a fully on-chain music engine onto Bitcoin.
The “Descent Into Darkness Music Engine” was inscribed onto the Bitcoin blockchain on Saturday, with 10 editions minted and sold as individual Ordinals.
By entering a few keywords, anyone—not just the owner of each inscription—can instantly generate a music track.
Created by pseudonymous indie developer Ratoshi, the music engine is intended as a companion to his Descent into Darkness text-based RPG, and the outputs have a retro “chiptune” vibe to them. Ratoshi told Decrypt that they used OpenAI’s ChatGPT to help develop the sounds that were ultimately used within the on-chain app. Read More
Revolut to Delist Solana, Polygon, And Cardano After SEC ‘Security’ Label
Revolut is moving to delist the three tokens over what it says is regulatory uncertainty after the SEC labelled them securities.
Revolut is moving to delist Solana (SOL), Polygon (MATIC), and Cardano (ADA) in the United States after the three tokens were listed as securities by the Securities and Exchange Commission last month.
The platform said that it is moving to delist the tokens by September 18. Users who hold the tokens will have until then to sell them before Revolut sells them at the market price of that day, and deposit the proceeds into their accounts.
After September 18, U.S. users will no longer be able to buy, sell, or hold the tokens on their Revolut accounts.
A spokesperson for Revolut told Decrypt that the move was in response to "changing laws and regulations around cryptocurrency" in the United States.
They did not specifically point to the SEC’s recent lawsuits against Binance or Coinbase at the beginning of June when the agency listed the three tokens among a dozen others it deemed securities. Read More
Account abstraction will drive a billion users from Asia to Web3: ConsenSys exec
In addition to “smart accounts,” Ethereum adoption will be boosted by Web3 gaming along with zkEVM scaling and security, says Laura Shi.
Account abstraction, also known as “smart accounts,” could eventually onboard a billion users from Asia to Web3, according to an executive at Ethereum software solutions provider ConsenSys.
Laura Shi, the director of strategic initiatives at ConsenSys, told Cointelegraph that the Ethereum and Web3 ecosystem had seen a strong expansion in Asia this year.
“More DApps are improving [user experience] UX for the Asian market, including introducing Asian language support,” she said.
Shi added this expansion is primarily being driven by the introduction of zero-knowledge Ethereum Virtual Machine (zkEVM) rollups and the mass adoption of Optimistic Rollups. Read More
UK government moves forward on bill aimed at empowering authorities to seize crypto
Following a third reading in the House of Lords, the Economic Crime and Corporate Transparency Bill will return to lawmakers to consider changes before being signed into law.
Lawmakers in the upper house of the Parliament of the United Kingdom are moving forward with legislation aimed at expanding authorities’ ability to target cryptocurrencies used for illicit purposes.
In a meeting of the U.K. Parliament’s House of Lords on July 4, lawmakers conducted a third reading of the Economic Crime and Corporate Transparency Bill — legislation introduced in September 2022 as part of efforts to streamline law enforcement’s authority to crack down on crypto-related financial crime. Members of the House of Lords did not appear to propose any changes related to crypto enforcement in the bill’s most recent reading, describing recommendations as “minor” or “tidying up” amendments. 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.
