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Helium Founder Explains Why the Crypto Wireless Network Is Moving to Solana
It’s official: Helium is migrating to Solana following a vote. Nova Labs CEO Amir Haleem explains why Helium needed to make the change.
Helium, a crypto wireless network, will transition from its own blockchain to Solana.
In an interview with Decrypt, network founder Amir Haleem explains the challenges Helium faced with its current tech and the opportunities on Solana.
Helium, the crypto-powered wireless network, will officially move from its own blockchain to Solana following a community vote on a proposal. Ultimately, over 81% of the token-based votes went in favor of the migration.
And it could happen quickly. The Helium Foundation announced a Q4 launch for the transition, and in an interview at the Helium House event in New York City on Tuesday, network co-founder and Nova Labs CEO Amir Haleem told Decrypt that he’s “optimistic” about hitting that target.
According to Haleem, the Nova Labs team—which represents the founders of and core contributors to the decentralized Helium network—has already been working on the off-chain oracles to enable the new Solana-driven design. He described the on-chain work ahead, including minting and redemption of tokens, as being “quite a lot easier” by comparison. Read More
What Cardano’s Vasil hard fork means for the blockchain
Cardano’s Vasil hard fork seeks to enhance the platform’s transaction throughput speeds, DApp development capacity, security and general usability.
After several delays and some setbacks, Cardano’s long-awaited Vasil upgrade finally went live on Sept. 22. From the outside looking in, the hard fork is designed to help improve the ecosystem’s scalability and general transaction throughput capacity as well as advance Cardano’s decentralized applications (DApps) development capacity.
To commemorate the event, an announcement was made by blockchain firm Input Output Hong Kong (IOHK) — which currently oversees the design, building and maintenance of the Cardano platform — just minutes after the development.
To obtain a more holistic overview of what the upgrade represents and its potential impact on Cardano (as well as the crypto ecosystem at large), Cointelegraph reached out to Shahaf Bar-Geffen, CEO of COTI, a protocol for creating decentralized payment networks and stablecoins. In his view:
“The Vasil Upgrade heralds the dawn of a new era for the Cardano ecosystem and the decentralized finance space at large. The upgrade aims to improve the network’s scalability and enhance Cardano’s smart contract capabilities.” Read More
Christie’s moves on-chain with NFT auction platform on Ethereum
The new marketplace allows the prestigious auction house to carry out auctions and sales on the Ethereum blockchain “from start to finish.”
After a series of successful high-priced nonfungible token (NFT) sales, Christie’s has launched its own dedicated NFT “on-chain auction platform,” allowing auctions to be carried out fully on-chain on the Ethereum network.
The 256-year-old British auction giant, which is also the second-largest auction house in the world by fine-art auction revenue, said its Christie’s 3.0 allows for NFT auctions to be conducted entirely on the ETH network “from start to finish:”
“All transactions, including post-sale, will be automatically recorded on the blockchain.”
In its past NFT auctions, the payments from the winning bidder were not always conducted on a blockchain, but the creation of Christie’s marketplace allows transactions to occur in a fashion much like the popular marketplace OpenSea, allowing for payments to be made in Ether (ETH).
Christie’s said the new marketplace was developed in partnership with NFT smart contract development startup Manifold, metaverse development firm Spatial and blockchain analytics firm Chainalysis. Read More
How Web3 Music Platform Audius Hit 7.5 Million Monthly Users
Audius CEO and EDM fan Roneil Rumburg says he isn’t fazed by the bear market.
Audius is a crypto company that doesn’t wear Web3 on its sleeve—and CEO Roneil Rumburg says that’s very much intentional.
“We’ve seen growth continue through this market cycle of sorts because the average Audius user is not even aware the crypto is there,” Rumburg told Decrypt at the Mainnet conference.
So is Audius, a music streaming platform Rumberg says is for “superfans,” immune to the bear market?
Maybe—or perhaps the platform has found a market fit that doesn’t feed into crypto hype cycles, providing an experience for users they can’t get elsewhere. Read More
What Does The Wallet Do? What Does It Mean For You?
The launch of the Markethive wallet is approaching, so it’s time to start beating the proverbial drum. It is the start of an exciting time with the advent of many integrations to follow the release of the wallet that will bring Markethive into prominence as an unprecedented platform. The combination of inbound marketing, social media, digital broadcasting, video, conference rooms, e-commerce, gamification, etc.
Markethive is a blockchain-driven crypto economy, all-inclusive, with a distributed database system required for this decentralized, monolithic global project. We’re almost there with the release of the wallet that will initiate entrepreneurial sovereignty and open the floodgates of this divine enterprise with its plethora of systems and services, including the new interface and dashboard.
We now have a complete working wallet with the Solana Network, and we also have a fully functional crypto merchant account. The Markethive wallet is being polished with the finishing touches, keeping mindful that it’s not just a simple wallet but a comprehensive, dynamic engine centralized for you that powers your platform and business.
Markethive is fundamentally a sophisticated inbound marketing and storefront platform, integrated with a social network, and not just another social media platform you see popping up to counter the media tech giants we’ve come to know as oppressive, censoring you and using your personal data for their own gain. Read More
DeFi Derivatives Protocol Ribbon Finance Launches Options Exchange on Ethereum
Ribbon Finance’s exchange lets users trade Ethereum options on-chain. The launch is the latest in a suite of structured financial products.
The crypto derivatives space is heating up.
Ribbon Finance today launched what it touts as a “high-performance” options exchange called Aevo. Built on Ethereum, the first iteration will only offer ETH options, but other cryptocurrencies should become available in the coming months, including Bitcoin.
The platform is built on a “custom" Ethereum rollup, built by the Ribbon team, that Ribbon co-founder and CEO Julian Koh calls "a fork of Optimism with changes for Ribbon’s use case." Aevo will enjoy “deep liquidity at launch” thanks to partnerships with fiver options-centric market makers, Koh told Decrypt via email.
Options are financial contracts that give traders the ability to buy ("call" option) or sell ("put" option) an asset at a given date at a given price. They are often used as a hedge against volatility, as they can guarantee a price for a specific asset. Read More
Gala Film: How Web3 Is Revolutionizing The Media And Film Industry
Over the past decade, fans of television and film have seen a shift in content consumption. For decades before the 2000s, media consumption remained virtually unchanged; people got their news and entertainment from the TV, radio, newspapers, magazines, and other traditional forms of media. Now websites and streaming services have replaced the need to go to brick & mortar stores for entertainment. Nowadays, people can stream music, videos, and movies from the comfort of their homes. In fact, currently, over 60 percent of households with a broadband connection in the U.S. have at least one subscription to a streaming service.
And now we are on the verge of another revolution on the media industry: blockchain technology and its decentralized natureoffers users a more immersive way to participate in the content they consume – through film non-fungible tokens (NFTs). NFTsgive creators new ways to interact with their audiences, raise money, create new distribution windows, and turn all of it into a proof of concept to sell their movies and TV shows.
In this new model, film enthusiasts will not only be able to stream content, but directly support the artist through owning a small share of the end product, while gaining access to talent through immersive experiences and possibly receiving rewards while doing so. Read More
SWIFT partners with Chainlink for cross-chain crypto transfer project
The project will connect SWIFT’s network to nearly every blockchain to allow traditional finance players access to digital and traditional assets on one network.
Interbank messaging system SWIFT has partnered with price oracle provider Chainlink to work on a proof-of-concept (PoC) project which would allow traditional finance firms the ability to transact across blockchain networks.
Chainlink co-founder Sergey Nazarov announced the project at its SmartCon 2022 Conference in New York on Sept. 28 alongside SWIFT strategy director Jonathan Ehrenfeld Solé.
At the conference, Solé said there is “undeniable interest from institutional investors into digital assets,” adding these traditional finance players want access to digital and traditional assets on one platform.
The PoC utilizes Chainlink’s cross-chain interoperability protocol (CCIP), allowing SWIFT messages to instruct token transfers across nearly every blockchain network, which, according to Nazarov, will accelerate the adoption of distributed ledger technology (DLT) blockchains across capital markets and traditional finance. Read More
Circle CEO says blockchain industry is transitioning from dial-up to broadband phase
Allaire believes that privacy and identity are two fundamental pillars of a new Web3.
At the Converge22 conference in San Francisco, Jeremy Allaire, CEO of stablecoin issuer Circle, said that the world is finally moving from the speculative value phase of crypto to the utility phase. Drawing parallels to the early days of the internet, he said:
“It is an architecture that the internet was founded on many decades ago — this idea of open networks, of open standards and protocols, of connecting entities, devices and people in interoperable ways, of a globally intertwined world of decentralized systems.”
As told by Allaire, there are currently on-chain mechanisms to ensure safe, trustworthy interactions between crypto users. However, there need to be “advancements” in technologies such as zero-knowledge proofs that prove identities and credentials while simultaneously ensuring individuals’ privacy:
“People need to be able to interact with apps, and services, and content and transactions without knowing that they’re using crypto. I don’t know I’m using SMTP [Simple Mail Transfer Protocol] when I send an email with Gmail — I do know that, but a lot of people don’t know that, and that’s okay.” 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.
