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Tezos blockchain records 70% increase in energy efficiency in 2021: PwC report
Tezos, a privacy-focused blockchain network, released its carbon footprint report from PricewaterhouseCoopers Advisory SAS, a French member firm of the PwC network.
The PwC report reflects drastic improvements in energy efficiency for Tezos both in terms of reduced carbon footprint and lowers energy consumption.
The PwC report highlighted a significant decline in carbon emission by the Tezos network despite a rise in network activity. The Tezos blockchain accounted for 50 million transactions while, according to the report, the whole network constituted an energy footprint of 17 world citizens.
The energy efficiency for each transaction on the network increased by 70% while the estimated electricity requirement per transaction was 30% lower than in 2020. Read More
A blockchain-based platform that helps create verifiable credentials launches its own mobile wallet
A platform that enables the creation of verifiable credentials on the blockchain expects its new mobile wallet to play a bigger role than merely sending and storing utility tokens.
The functionality of a blockchain’s utility token extends beyond its monetary value. These tokens often serve as the primary incentivization mechanism for validators to keep the network running and stakeholders to participate in decentralized governance. As such, network participants would prefer to store their tokens in a secure environment – preferably devoid of any third parties.
Dock, a platform that helps businesses and developers issue and verifies credentials on the blockchain, has launched its own mobile wallet. The Dock Wallet – available on the App Store and Play Store – will let token holders store, send, receive and manage Dock tokens from their mobile devices.
Realizing the importance of complete decentralization, the Dock Wallet app will give the token holder complete control over their DOCK tokens, as well their own private keys, meaning they can generate their own recovery phrase and send and receive DOCK tokens without requiring any input from third-party custodians. Read More
Visa Will Help Banks To Enter Crypto
Visa said today that it will offer consulting services to clients looking to enter into the complex world of cryptocurrencies. The payments giant says that it wants to help further adoption of crypto into the mainstream.
Visa has announced today that it will set up a crypto advisory within its consulting and analytics division. It will offer advisory services to financial institutions and other clients on all things crypto-related.
According to an article on CNBC, the American bank UMB is already a client that is using the crypto advisory service.
Visa’s outlook for crypto adoption is incredibly bullish. Nikola Plekas, the crypto lead for Visa, says that his company is providing the capacity for users to spend crypto at more than 80 million merchants worldwide.
With $3.5 billion in digital currency transactions over the last year, by way of the Visa crypto-linked card schemes, the payments processing behemoth has certainly gone all into the emerging crypto industry. Read More
How to choose a secure DeFi wallet, explained
A DeFi wallet is a solution that provides users with complete ownership over their assets and is positioned as one of the safest storage methods available today.
As an access point, a DeFi wallet provides users with a solution that leaves the power completely in the hands of their owner. This contrasts greatly with a traditional bank, which retains control of all of the user’s assets in its holdings and requires user verification and other related information to do so.
DeFi wallets eliminate the need for a third party, a concept that further revolutionizes the financial industry. Looking at DeFi wallets generally, most operate as Web 3.0 wallets with compatibility on the Ethereum (ETH) blockchain (although this may vary).
Other similarities across these wallets include their compatibility with DeFi applications and their position as a key-based solution requiring users to retain responsibility for the safekeeping of their private key. DeFi wallets also operate with a non-custodial background, ensuring only the wallet owner has access to the funds.
For these reasons, DeFi wallets are among the safest solutions on the market. However, their security becomes a product of the user, who then may find themselves out of luck if they lose their login information. Read More
Elrond - The Next Wave Of The Internet
Beniamin’s diverse background in state-of-the-art technology, applied philosophy, engineering, and Blockchain has culminated in creating a company that could very well define the next wave of the internet.
The elegant and sophisticated technology developed by the Elrond team is targeted at developers, the broader public, and enterprises. Developers can create decentralized applications and run smart contracts on the Elrond blockchain network, and the wider public can use Elrond as a user-friendly gateway to the digital economy.
Also, businesses seeking an enterprise solution that can lower transactional costs with benefits such as speed, security, and scalability will find Elrond Blockchain particularly useful. Such as emerging Web 3 companies building ecosystems with their cryptocurrency in the social media and digital marketing sphere that need an internet-scale blockchain to accommodate its massive user-base and e-commerce. Read More
Australia to Bring Crypto 'Out of the Shadows' With New Regulatory Framework
The Australian government is forming a new regulatory framework that would broaden the definition of what crypto services can be regulated.
As part of a sweeping modernization of Australia's payment systems, the Australian government will overhaul the regulatory framework around cryptocurrency exchanges.
Noting that over 800,000 Australians have owned a form of cryptocurrency, Treasurer Josh Frydenberg said that the government is "broadening out the definition of the services and the products that can be regulated," in an interview with 7News Australia. Read More
Puerto Rico to Combat Corruption with Blockchain, Says Government Official
According to Rafael Hernandez, Puerto Rico can solve some of its financial issues by embracing blockchain technology.
Rafael “Tatito” Hernández – Speaker of the Puerto Rico House of Representatives – said the growing blockchain industry could bring more accountability and transparency to the public sector. He also raised hopes that his nation could become one of the cryptocurrency centers on the planet.
In a recent interview for Bloomberg, Rafael “Tatito” Hernández said he will begin meeting with experts from the blockchain sector and discuss creating “smart contracts.” According to him, the transparency behind the technology could enhance Puerto Rico’s financial network and even reduce the level of corruption.
“We have a real credibility problem. And this might be part of the solution.”
Hernández added that those meetings will also be part of a broader mission to turn Puerto Rico into a hub for digital assets and blockchain innovation. The low taxes in the state and the fact that trading with bitcoin and the altcoins is not a subject of taxation have recently attracted thousands of new residents. Read More
EcoBall -- the next-generation public blockchain is Here
EcoBall is inviting Investors to join and experience the revolution in the blockchain space. This month, the token sale will happen on the first decentralized exchange of Eco ball, Exabc exchange.
Blockchain technology has been bringing innovation and disruption to the global financial markets since the cryptocurrency bubble of 2017. The speed of existing blockchain networks is a prevalent issue, which restricts blockchain technology in many applications.
But there's a new chain on the way to solve all of these problems: meet EcoBall. The EcoBall blockchain is a next-generation blockchain that solves the scalability trilemma. It has minimal processing costs and focuses on giving users as many engagement options as possible. We introduce the EcoBall Chain with great joy, a public chain that aspires to deliver user delight by utilizing blockchain mechanics.
Security is far above that commonly found in the market, as it uses a Proof of Participation of Vote (VPOS) algorithm implemented as a decentralized autonomous organization (DAO). This algorithm is used to prevent various types of attacks efficiently and safely. Read More
Web 3.0 Is Being Built, but It Needs More People to Grow
Ideas around Web 3.0 have evolved significantly over the last decade. The community aspires to see a world where centralized servers are ancient, and control of high-value intangible assets rests with the creator of the asset itself.
For this vision to see the light of the day, the fundamental models of the internet need to be changed. This would not only impact the internet as a technology stack but also on the economies that have emerged because of the internet.
The rise of Web 2.0 was phenomenally exponential. It makes an interesting case to learn about the key drivers of adoption. 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.
