x
Image Source: Pixabay
Bitcoin Ordinals: Controversial but Here to Stay
Among the cryptocurrency community, Bitcoin Ordinals, which provide users with the option to permanently store data on the Bitcoin blockchain, have become a contentious issue of discussion. The architects of Bitcoin-focused firms and the CEOs of such companies see promise in the technology, despite the fact that some people are concerned about congestion on the blockchain and objectionable material.
Several people who attended the London conference Advancing Bitcoin noticed the possibility for an abstract meta-layer on top of Bitcoin that records Sats and has a separate state or mapping into the blockchain. This potential was discussed during the conference. Ordinals have been used for a variety of purposes, including the storage of data in the shape of an image or jpeg, as well as the execution of older computer games such as Doom.
Nevertheless, some people have voiced worries about the possibility that Ordinals may cause the blockchain to become bloated, while other people have voiced criticisms over the possibility that inappropriate information could be posted into the blockchain. Ordinals provide a new use case for the Bitcoin network that extends beyond peer-to-peer monetary transactions, in spite of the difficulties raised above.
Ordinals are able to offer a storage solution that is both permanent and censorship-resistant for data and events of cultural significance. Read More
What Are Liquidity Pools? The Funds That Keep DeFi Running
Without liquidity, financial systems grind to a halt. In decentralized finance (DeFi), liquidity pools help keep things running smoothly.
The world of finance runs on liquidity. Without available funds, financial systems grind to a halt. DeFi, or decentralized finance—a catch-all term for financial services and products on the blockchain—is no different.
DeFi activities such as lending, borrowing, or token-swapping rely on smart contracts—pieces of self-executing codes. Users of DeFi protocols "lock" crypto assets into these contracts, called liquidity pools, so others can use them.
Liquidity pools are an innovation of the crypto industry, with no immediate equivalent in traditional finance. In addition to providing a lifeline to a DeFi protocol’s core activities, liquidity pools also serve as hotbeds for investors with an appetite for high risk and high reward. Read More
Brave Browser Now Lets Users Sell Crypto Within the Wallet
The privacy-centric browser is trying to boost crypto self-custody by providing an off-ramp within its integrated wallet.
Privacy-focused web browser Brave announced on Friday the rollout of a new feature that allows users to not only buy cryptocurrency but also now sell it for fiat—including U.S. dollars, euros, and the British pound—without leaving the integrated Brave Wallet.
Self-custody and the “not your keys, not your coins” mantra have regained momentum following the collapse of prominent cryptocurrency firms like Celsius and FTX. Brave said it aims to make crypto self-custody easier with this new desktop browser feature, which is powered by crypto on-ramp startup Ramp Network.
“After recent events where centralized exchanges mishandled customer funds, it’s more important than ever to offer secure and easy-to-manage self-custody,” the company said in a post announcing the update. Read More
How blockchain technology revolutionizes digital ownership?
“Digital ownership” describes the legal rights and authority a person or organization has over a digital asset or piece of property.
Ownership is typically connected to tangible goods like real estate, construction projects and cars. However, ownership of digital assets has become more significant as the internet and digital economy have grown.
Under existing rules and regulations, digital ownership includes the freedom to use, give away, sell or alter the digital asset as the owner sees fit. Blockchain technology opens up new possibilities for secure and decentralized digital ownership due to the growing digitization of many assets, such as art, music, video games and financial instruments.
Blockchain technology allows people to own and control their digital assets without intermediaries like banks or governmental organizations. Democratizing ownership could open new avenues for value production and trade in the digital economy. 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
How to host a decentralized website
Explore decentralized web hosting and how it distributes data securely across a network of nodes.
Decentralized websites rely on decentralized networks rather than centralized servers to preserve and verify the data’s integrity. Decentralized websites offer a more private, secure and censorship-resistant alternative to standard websites by utilizing peer-to-peer (P2P) networking, cryptography and blockchain.
This article will explain how to host a decentralized website, and the benefits and challenges of decentralized hosting.
A web server distributes the website’s files to its clients in a standard network setup for hosting websites. This allows larger organizations or governments to decide what content is displayed, which takes away the freedom that the World Wide Web initially provided. This gave rise to decentralized web hosting — a new approach to hosting websites that stores website files on various nodes or computers instead of a single central server.
With decentralized web hosting, there is more security, redundancy and censorship resistance. Blockchain technology, peer-to-peer networks and other distributed systems are used in decentralized web hosting to guarantee that website files are continuously accessible, regardless of network outages or other disruptions. It is a topic of great interest for those worried about internet censorship, privacy and the centralization of web hosting infrastructure. Read More
How the Bitcoin network can solve the pitfalls of DeFi token bridges
As DeFi bleeds billions of dollars annually due to token bridge attacks, a new layer-2 solution seeks a solution from within the Bitcoin blockchain.
Decentralized finance (DeFi) saw a record inflow from centralized exchanges as crypto users flocked to self-custody solutions following the FTX collapse. Over 100,000 Bitcoin left crypto exchanges so investors could avoid third-party custody. True to the “not your keys, not your coins” mantra of Bitcoin, DeFi solves a wide array of problems associated with centralized entities.
However, several reports indicate DeFi is not a fail-safe environment, as high-profile protocol exploits like Wormhole, Nomad and Ronin made headlines in 2022 for the wrong reasons.
DeFi exploiters particularly target cross-chain bridges. In fact, cross-chain bridge exploits account for more than half of all DeFi exploits since September 2020, with approximately $2.5 billion lost to these attacks. A Chainalysis report shows that token bridge attacks accounted for over 69% of the total amount of crypto stolen in 2022, a clear indication that bridge exploits are on the rise. Read More
What Determines the Price of Bitcoin?
Considered by some to be a currency without a state, the price of Bitcoin (BTC) has rapidly ascended and descended. What determines the current Bitcoin price?
Bitcoin prices are driven by the same principles of supply and demand that govern the cost of goods and services, exchange rates, etc.
Price discovery is now determined primarily on centralized crypto exchanges (CEXs).
The Bitcoin blockchain went live on January 3rd, 2009. At its inception, the Bitcoin network started releasing its own eponymous currency or money. Every ten minutes, the network released 50 BTC to a tiny community of cryptography enthusiasts. Although starting from humble beginnings, its creator Satoshi Nakamoto had an ambitious goal for Bitcoin to be a “peer-to-peer version of electronic cash” for the world.
At first, Bitcoin didn’t have a set monetary value because there wasn’t a marketplace for BTC. Without goods and services being offered for Bitcoin, it was difficult—if not impossible—to determine its price in a fiat currency such as the U.S. dollar (USD). Read More
MetaMask addresses privacy concerns with new features for enhanced control
The new features allow a user to manage which servers are able to receive their IP address.
Web3 wallet app MetaMask has introduced a number of new features aimed at enhancing privacy and giving users more control, according to a March 14 blog post by the developer. The new features come after MetaMask had previously been criticized for allegedly intruding on users’ privacy.
Previously, MetaMask used its Infura RPC node to connect to Ethereum automatically, whenever a user first set up the wallet. Although the user could change the settings later, this still meant that the user’s public address was transmitted to Infura before they had a chance to change their node, according to a report from Ethereum node operator Chase Wright.
Infura is owned by MetaMask’s parent company, Consensys. 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.
