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Crowdfunding Giants Kickstarter To Integrate Blockchain
Popular crowdfunding platform Kickstarter has revealed that it is making some critical changes to its core technology, announcing that it will be supporting the development of an open-source protocol that would create a decentralized version of Kickstarters Core functionality.
Kickstarter announced its plans towards the development of an open-source protocol as the first step towards its efforts to create an open, decentralized, and collaborative future. The open-source protocol will essentially create a decentralized version of Kickstarter’s core functionality. The protocol will be on a public blockchain, allowing anyone from collaborators and content creators to even Kickstarter’s competitors to utilize and build their projects.
The initiative will see Kickstarter deploy its unparalleled experience in the crowdfunding space to help build the decentralized protocol and create new opportunities for content creators and collaborators. Kickstarter also plans on releasing a whitepaper with more details about the technology behind the protocol. Read More
Why Terra Is Going Lunar
LUNA, the native token of Terra, is setting price records even as the broader crypto market stumbles. What's its secret?
Naturally, any financial instrument that’s able to weather such a storm (and come out stronger) is going to be catnip for investors.
But crypto investors have been interested in LUNA for some time now. The token has essentially hit an all-time high almost every day for a week.
Unlike popular meme coins like DOGE or SHIB, LUNA also has some pretty hefty tokenomics at work. Besides taking on DAI as the next-best decentralized stablecoin, the broader Terra ecosystem is emerging as a formidable potential (dare we say) “Ethereum killer."
So, let’s unpack what’s happening, why it matters, and how developments on Terra are causing such a boom in the price of LUNA. Read More
Visa Launches Crypto Advisory Services — Says 'Digital Currencies Are Taking Greater Hold in Popular Consciousness'
Payments giant Visa has launched global crypto advisory services. The company’s executive says: “We’ve seen a material shift in our clients’ mindset in the last year, from a desire to explore and experiment with crypto, to actually building a strategy and product roadmap.” Read More
Gibraltar to Test Blockchain to Deliver Public Services; Blockchain Analytics Platform Whalemap Nets $1.6M for Expansion
The government of the British Overseas Territory Gibraltar will be using blockchain to help with delivering public services, per a press release Tuesday (Dec. 7).
The program plans to use blockchain tech to work on the interconnectivity between departments, organizations, and people. It will be set up by Bitso and IOVlabs, and the release praised the two firms for their important work in distributed ledger technology.
The proposal will boost Gibraltar’s existing eGov system through letting users share the government-issued and certified credentials, which could include things like driver’s licenses and passports.
Albert Isola, minister for digital and financial services of Gibraltar, said the blockchain idea would help improve the way people interacted with the government. 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
Polygon Is Cementing Its Position As The New Umbrella Destination For NFTs
Polygon, the layer-2 protocol for Ethereum, has been shaking up the blockchain ecosystem as its novel design attracts all manner of dApps seeking to leverage its advantageous attributes. The platform recently launched Polygon Studios, a new branch that focuses on blockchain gaming and NFTs, as part of its ongoing efforts to bridge the Web2 and Web3 worlds while actively supporting and facilitating the development of NFTs on its network.
At present, Polygon holds a dominant position within the gaming and NFT ecosystems, with more than 100,000 blockchain gamers on its network, trailing just behind the market leader Ethereum. This year, the Polygon network grew extensively after introducing low gas fees that contrasted sharply with Ethereum’s surging costs. Besides, Polygon also guarantees faster TPS (transactions per second), full scalability, and interoperability with other chains, making it a preferred choice for developers and cost-conscious users. Read More
Volatility, hyperinflation, and uncertainty: How everyday Venezuelans are using stablecoins to protect their livelihoods
Customers of stablecoin payment app Reserve express their dependency on technology for everyday transactions.
Last month, Cointelegraph interviewed Reserve CEO Nevin Freeman and the payment decentralized application’s community manager Yens Michiels about the company’s mission to provide access to stable currencies. More recently, Cointelegraph spoke to a couple of users based out of Venezuela and Colombia who shared their positive experiences with Reserve.
Reserve is a tool to exchange fiat currency like Venezuelan bolivares for U.S. dollars via the Reserve (RSV) stablecoin. From everyday purchases to family remittances, Reserve has said that its use cases are increasingly growing in Latin America. After one year on the market in Venezuela, Colombia, Panama, and Argentina, there are over 100,000 weekly app visitors and more than 8,000 merchants accepting it as a means of payment. Read More
Lending platform taps Chainlink Oracles to secure its DeFi lending and borrowing protocol
With the help of Chainlink oracles, a trading and lending platform is set to transform DeFi trading and lending.
Many people are moving to decentralized finance (DeFi) as it offers a superior user experience compared to traditional financial services. Decentralized lending and borrowing protocols enable lenders to easily earn interest on their assets, while borrowers can seamlessly access loans with variable or fixed terms. While decentralized lending and borrowing protocols are seeing increased traction, they still face a number of challenges as the blockchain ecosystem continues to mature.
First and foremost, DeFi loans are typically overcollateralized, meaning users have to deposit a significant amount of excess collateral to help ensure that the loan will be paid back. Unfortunately, excess collateral may be unattainable for the majority of users, which poses a barrier to wider adoption around DeFi lending and borrowing.
Moreover, the high rates lenders once received when DeFi loans first originated have gradually declined, making providing funds to loan pools a less attractive opportunity for lenders.
Recognizing these challenges, Aurox, a trading and lending platform, aims to solve these concerns by integrating lending functionality directly with margin borrowing to create a one-stop DeFi protocol for users. Read More
First ERC-20 Converter Goes Live On Cardano Testnet
Cardano has marked the launch of its first-ever ERC-20 converter. The project which had been in the works had finally reached its launch milestone with help from IOG, the developer behind Cardano. With the converter, the network will be able to support the migration of ERC-20 tokens from Ethereum to the Cardano blockchain.
Development on the blockchain has been ramping up since the launch of smart contracts capability. The network has seen the first signs of DeFi as developers begin to test out their DApps with help from the foundation. This has inspired even more development with the community waiting with bated breaths for the day they can finally access DeFi services on Cardano. 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.
