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New Developments Happening in the Blockchain Space - August 12th

Posted by Simon Keighley on August 12, 2021 - 7:50am Edited 8/12 at 7:51am

New Developments Happening in the Blockchain Space - August 12th

New Developments Happening in the Blockchain Space - August 12th

How BikData’s Blockchain Storage Solutions Helps Businesses Monetize Their Data

Using revolutionary blockchain technology, BikData helps its clients store their information under six layers of encryption that can then be mined and turned into usable funds. While traditional storage methods of ERP systems can carry an exorbitant cost due to the sheer size of the data, BikData’s innovative blockchain solution not only creates a simplified storage cache but also allows for its direct monetization, a clear upgrade from the highly expensive conventional choices. Not to mention, the encryption tiers amp up security to new heights, letting companies rest easy at night knowing their data and employees’ information is safe and protected by BikData. Read More


 

Jumpstarting the Blockchain Movement in Africa is Ethically Responsible

Primarily due to a lack of traditional banking access, third-world countries rely on blockchain and cryptocurrency for business transactions of all kinds now more than ever.

However, third-world governments, would-be entrepreneurs and businesses are very much struggling to keep their heads above water as the rest of the world ramps up its DeFi capabilities. Read More


 

The Humanistic Values Of Cardano And Markethive - A Divine Synergism

Cardano and Markethive - Two systems of the next generation on the rise, making their mark on so many levels. They will eclipse big tech disrupting the monopolizing status quo that the populace has come to accept and is part of their daily lives. As the monopolies conspire on who or what they will boycott or cancel out next, Markethive and Cardano have secured themselves in a position where the oligarchs cannot manipulate them. Read More


 

Understanding Ethereum’s biggest upgrade in years

A beginner’s guide to EIP-1559: what it is, why it matters, and what's next.

The upgrade includes five Ethereum Improvement Proposals. One of these — EIP-1559 — has generated a lot of attention in recent months, despite its less-than-thrilling name. Why? Because it constitutes a major shift in the economics of Ether (ETH), the native cryptocurrency that powers the Ethereum network. Read More


 

Nifty News: NFTs in space, defunct CryptoPunks, Ernst & Young gets in on the act

NFTs have been streamed from and to the International Space Station, Unifty decentralizes its governance, and 342 CryptoPunks may be lost forever.

Two companies teamed up to stream a recording of composer Claude Debussy’s “Clair de Lune” to, and from, the International Space Station on July 28, reportedly marking the first instance in which a nonfungible token (NFT) has orbited the Earth.

The orbital NFT expedition is the product of a partnership between Artemis Music Entertainment and space services company Nanoracks LLC, with the two firms minting the track as a nonfungible token after the hard drive the file was stored on completed one orbit of the Earth over roughly 90 minutes. Read More


 

A New Internet In The Making Thwarting Centralized Entities

Decentralization Empowering People

We live in an increasingly interconnected world with 4.66 billion people connected via the internet. We pay each other, share data, and communicate with each other within seconds. This is all seemingly wonderful, but the truth is we are not connected with each other.  Instead, we are connected to centralized multinational companies and data merchants we are forced to trust with everything we do.

It’s a scary reality that most people are living in today; however, decentralization is the future. The transition from centralized platforms to decentralized ones is going to be the most profound and disruptive change we’ll ever see in our lives. Read More

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Ethereum is becoming ultrasound money, ConsenSys founder says

“With $13 billion worth of Ether locked up in Ethereum 2.0 and $70 billion locked up in decentralized finance, we have enormous demand for the Ether token,” said ConsenSys founder Joe Lubin.

During an interview with Bloomberg TV, Lubin was questioned on the imminent Ethereum Improvement Proposal (EIP) 1559 upgrade, which will see Ethereum transition away from a bidding-based fee market to a fixed price and burn mechanism.

Lubin stated that the London hard fork is part of a broader global movement, in which the first step is the “democratization of the Earth,” and the second step is the democratization of the decentralized financial system and the introduction of ultrasound money: Read More


 

A DeFi startup incubator program will enable select blockchains to quickly attain high levels of liquidity

A new incubation program targeted at early-stage DeFi platforms will see them reach their desired levels of liquidity through co-financing and multi-coin farming.

FreeTON, a multithreaded, multicore blockchain platform capable of scaling to process millions of smart contract executions per second, has launched a new incubation program aimed at “elite platforms” in the DeFi industry.

Together with its AMM-based decentralized exchange TONSwap and the FreeTON DeFi alliance, FreeTON is looking for the right set of companies for its new incubator program.

Dubbed the “Crystal Handshake program,” FreeTON’s incubation program plans to provide these Ethereum-based startups with the ability to reach their desired level of liquidity that will help them realize their full potential. Read More


 

Uruguay, Colombia Make Advances to Regulate Bitcoin Market

Senators in Uruguay and Colombia have introduced bills with the goal of creating a safer Bitcoin market in their countries.

Uruguay is joining the recent wave of political initiatives to regulate the Bitcoin and cryptocurrency industry in Latin America, just as Colombia makes moves of its own to update its existing crypto framework.

Yesterday, Uruguayan businessman and Senator Juan Sartori introduced a formal draft of a bill to regulate crypto. The proposed law seeks to fill in legal loopholes related to the crypto industry with the aim of preventing crimes associated with the use of digital assets. Read More


 

South African Start-Up Aims To Shield Merchants From Crypto Price Swings

While opponents of cryptocurrencies continue to peddle the environmental damage or the terrorism funding narrative, users from countries where the majority is financially excluded see these as a breakthrough innovation.

Crypto Utility Inspires Volatility Solutions. Read More


 

Blockchain Platform Ethernity Chain Announces ‘The Messiverse’ Has Arrived

Blockchain platform Etherity Chain  (CC:ERN-USD) today announced “The Messiverse,” the first-ever licensed, authenticated NFT collection from Lionel Messi. This Ethernity exclusive partnership lies beyond the scope of a single series, set piece, or footballer. This NFT collection, part of the ‘Messiverse’ is as big as the legend of Lionel Messi himself. The Messi Collection will be available beginning August 20, 2021, at 5:00 PM EDT, exclusively at ethernity.io. Read More


 

Crypto and NFT Gaming on the Verge of Mass Adoption

The gaming industry is already way more lucrative than movies or music and it could be getting a bigger boost through crypto and non-fungible tokens.

The gaming industry is expected to be worth almost $200 billion in terms of revenue in 2021. Blockchain and NFT technologies make a natural partner for gaming, and they could be poised to take off.

At the moment, it is just a niche market for NFT based gaming in which the tokens are integrated directly into the games. But things are slowly changing on that front, with some huge money being raised for NFT platforms. 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 other advice.

 

 

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