x
Image Source: Pixabay
Lido Finance to Cut Fees, Increase Speeds With Ethereum Layer-2 Integrations
Popular staking service Lido Finance has announced that it will begin its expansion onto various layer-2 scaling services for Ethereum.
Fees on Ethereum are low today, but Lido Finance wants to keep them low tomorrow.
The so-called liquid staking service has announced that it will begin expanding into various layer-2 scaling solutions for the Ethereum network.
“For Ethereum stakers, this means staking with lower fees and access to a new suite of DeFi applications to amplify yields,” the project explained in a statement yesterday.
Lido Finance solves a key bottleneck for many users when it comes to staking their Ethereum.
Typically, when you want to participate in staking on Ethereum (as part of its transition to a proof-of-stake network), you’d need to cough up 32 ETH, or roughly $50,000 at press time.
For the less ETH-wealthy among us, Lido lets you stake any amount they want and still earn a yield for doing so. Today, you can earn just under 4% for staking with the platform.
The service has become beloved among crypto enthusiasts too, with Lido dominating market share. Read More
Catheon Gaming Named Top Blockchain Firm in APAC Region
Catheon Gaming, an Australian-based blockchain gaming, and entertainment company has been named as one of the leading emerging giants in the Asia-Pacific (APAC) region, according to the latest joint first report by KPMG and HSBC.
On Monday, July 18, KPMG & HSBC published their joint report entitled ‘Emerging Giants in Asia Pacific,’ which took a look into a comprehensive analysis of new economy businesses (such as fintech, biotech, software as a service (SAAS), etc.,) across the region, which they consider are making a lasting impact on the global business landscape now and over the next decade.
KPMG and HSBC’s joint report ranked Catheon Gaming as one of the top 10 emerging giants in Asia Pacific, the No. 1 emerging giant in the blockchain sector in the region, and the No. 1 emerging giant in Hong Kong.
William Wu, Founder & Co-CEO of Catheon Gaming, talked about the development and said:
“We are honoured to be selected by KPMG & HSBC as one of the 10 leading Emerging Giants in Asia Pacific. We are humbled that our efforts are being recognized, and we are proud to contribute to the growth of the region, which has given rise to some of the world’s most innovative and forward-thinking companies in the gaming and blockchain space. We have a firm belief that gaming will be the key driver in accelerating blockchain mass adoption, and we will continue our relentless drive to achieve this vision”. Read More
The decoupling manifesto: Mapping the next phase of the crypto journey
The narratives that have propelled crypto to its current status have reached the limits of their influence. It’s time to rethink how to pitch crypto to a broader society.
A new financial system; a more democratized, even more inclusive, financial sector; the future of the internet — the crypto ecosystem has been described as all of these things. However, as is evidenced by digital assets’ inherent correlation with the Nasdaq 100, most people fail to conceptualize blockchain as anything other than an extension of the traditional tech economy. While blockchain’s proponents laud its virtues and potential, they have been unable to make a comprehensive case for blockchain to everyday people.
Many crypto natives anticipate “the decoupling,” in which digital assets become financially independent from traditional tech equities. But without a clear plan of action for how to differentiate decentralized crypto technology, industry independence will be unrealized. Those of us who believe in the long-term promise of blockchain technology need to completely rethink how to pitch blockchain to broader society.
The Bitcoin (BTC) whitepaper — published 14 years ago — demonstrated, at its core, the ambition to build a world of permissionless, decentralized payments. To date, this goal has been partially advanced with developments like El Salvador’s national Bitcoin adoption.
However, the cryptocurrency ecosystem hasn’t supplanted traditional finance. In fact, it has ingrained itself into it. Turn on CNBC and you will hear about the latest legacy institution entering the crypto space, and you will see minute-by-minute graphs of crypto price action alongside models of traditional equity markets. You likely won’t hear any blockchain commentator or industry leader speaking about improving financial transactions, eliminating third-party banking institutions, or any other defining element of the original crypto ethos. Read More
Blockchain without crypto: Adoption of decentralized tech
Cryptocurrencies hijack most blockchain-related headlines, but their underlying technology’s adoption has been growing rapidly.
A blockchain can be seen as a distributed database whose information is stored across every node running the network. Because the database is distributed among those running the network, it guarantees data stored within it is accurate and securely stored.
As the name implies, blockchains store their data into blocks that are added to the network as time goes by. Each subsequent block builds on the information stored in previous blocks, which means blockchains form a data timeline that can be securely trusted.
When it comes to cryptocurrencies, the blockchain ensures trust and solves what’s known as the Byzantine generals problem, which describes the difficulties dispersed parties have in reaching consensus. Since Bitcoin uses blockchain technology, one can accurately verify that funds aren’t spent twice, that its supply is limited, and the history of transactions on the network.
The technology goes beyond these use cases, however, with a number of companies and organizations having already adopted blockchain without cryptocurrencies. 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
Aave taps Pocket Network to beef up decentralized app development
Aave will leverage Pocket's distributed network of 44,000 nodes to access on-chain data from various blockchains.
Aave (AAVE), an open source decentralized finance (DeFi) protocol, is teaming up with decentralized Web3 infrastructure provider Pocket Network to offer developers increased scalability and ease of use when building decentralized applications (DApps) on the Aave Protocol.
According to the statement on Tuesday, Aave will use Pocket's distributed network of more than 44,000 nodes to access on-chain data from various blockchains to power decentralized applications. Developers building Aave-powered DApps may now access blockchain data from Pocket Network on demand following the new integration. Michael O’Rourke, CEO of Pocket Network, remarked that:
“The goal is to power the next wave of decentralized applications that combine Aave’s best-in-class liquidity market with Pocket’s unrivaled RPC coverage, which now supports 50 blockchains and is well on its way to achieving its goal of 100 blockchains in 2022.” Read More
Portal, Backed by Coinbase and Other Prominent Investors, Announces Republic Equity Offering
Portal, a cross-chain layer two DEX network being built on Bitcoin, is delighted to announce its Reg D equity offering through Republic, a multi-asset investment platform that allows anyone to invest in vetted, private startups. The public sale began on Monday, July 18, 2022.
Portal is extending the capabilities of Bitcoin to lay a more robust foundation for self-sovereign finance. The team truly believes that the participants make the project and want to ensure that those who support the delivery of a truly decentralized financial network – including collaborators, users, and Republic investors alike – enjoy the growth of the company as much as the founders do.
By making ownership of Portal available to the public, it is extending the accessibility of its operations (and profits) to the wider masses.
According to Republic, their vetting process only approves three percent of startups to fundraise on the platform. The equity offering will allow the general public to invest in an ambitious project building DeFi on top of the Bitcoin blockchain.
Eric Martindale, CEO of Portal, said,
“The signal remains strong in the storm – Bitcoin remains the most likely candidate upon which the future of financial infrastructure will be built. As Bitcoin’s metrics continue to achieve all-time highs, Portal is eager to bring on this new round of investors in pursuit of advancing Bitcoin-based infrastructure and the continued decentralization of traditional financial services.” Read More
Crypto Music Platform Audius Allows Sending Token to Support Artists
Crypto music streaming platform Audius has developed a new feature that allows users to send the platform’s governance tokens to their favourite creators.
The Audius protocol provides a blockchain-based alternative to SoundCloud to help artists publish and monetize their work and distribute it directly to fans.
This consists of a first-party app for interacting with the protocol and a reference implementation of the underlying protocol as specified in the whitepaper
With 7 million users and 250,000 artists, the platform, which is currently valued at more than $1 billion, allows its fans to support their favourite artists in a tokenized form, express their support through the Audius platform's governance token audio or connect to an external crypto wallet.
The company plans to add ways to tip in fiat currency by credit card in the coming months,
Forrest Browning, co-founder of Audius, said, “We kind of see it as laying out the breadcrumbs to help our mainstream, Web2 audience start to understand how to tip and how to support their favourite artists and a Web3 ecosystem.”
He added that the platform doesn't need to attract all the fan base from various platforms but mainly tries to attract the 10 most engaged fans. Read More
Wordcel Works With Bundlr to Save Important User Data Permanently
Wordcel has announced that it has integrated with Bundlr to permanently store all the important data of its users on Arweave. The integration would help Wordcel protect its users from their data getting deleted and censored. Data that would be protected includes images, articles, and more.
Wordcel was created with the prime intention of protecting users from censorship. The integration helps Wordcel not just achieve that goal but to strengthen its stand on the same further. Wordcel came forward to showcase its seriousness by building on Solana.
However, having blockchain technology to back a platform’s words and beliefs was only the first move. A collaboration with Bundlr takes it much forward to give additional assurance to users about protecting their data.
A comparison with centralized data storage makes the case stronger. For instance, a platform that controls data storage within itself retains the right to allow users to access and modify their data. This puts users and their data at risk of being hacked, censored, and deleted. Users can also, under extreme circumstances, not be allowed to access their data. 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.
