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Rarible NFT Marketplace Integrates Tezos Blockchain, Will Support Ubisoft Digits
On Wednesday, the non-fungible token (NFT) marketplace Rarible announced that the platform now supports the Tezos blockchain network. The move follows Rarible’s integration with the Flow blockchain protocol in mid-November, and the NFT marketplace now supports a total of three blockchain networks.
Rarible says it has expanded its multi-chain compatibility as it now supports a total of three blockchains which include Ethereum, Flow, and now the Tezos proof-of-stake (PoS) blockchain. The strategic alliance with Tezos allows Rarible to provide users the ability to “mint low fee and energy-efficient NFTs, and support secondary sales of projects live on the Tezos ecosystem,” the company’s announcement explains. Read More
Tempus is Bringing The $1.9 Trillion Interest Rate Swap Market to DeFi
The DeFi platform is aiming to bridge the gap between traditional finance and decentralized finance, bringing a host of new users to DeFi.
Interest rate swaps (IRSs) are one of the most commonly traded derivatives in traditional finance—and if they can make the leap to the nascent decentralized finance (DeFi) ecosystem, the potential upside is immense.
To put things into perspective, the entire DeFi market in 2021 was worth roughly $90 billion, while interest rate swaps alone generate around $1.9 trillion.
“With that in mind, when DeFi matures, interest rate swaps is a product that’s really going to take off,” said David Garai, founder of Tempus, an open-source protocol that lets users manage their exposure to variable yield and convert variable yield rates into fixed rates based on their personal risk tolerance level.
But what exactly is an interest rate swap? Read More
ADALend: Protocol Efficiency on Cardano in Handling Interest Rates
The interest rates for both borrowers and lenders will fluctuate with the changes in the utilization ratio of the loans in the specific pool. The interest rate is dependent on the total amount of money available in the liquidity pool, denominated in the LP token. If people are looking to borrow than the funds in the liquidity pool, the interest rate increases; if more people try to lend than borrow, the interest rate decreases.
The utilization ratio is between the total amount of tokens in circulation and the number used by the platform. The ADALend platform design allows keeping the utilization ratio on a low level for non-stable coins. In doing so, at the same time, the platform will maintain a higher amount of tokens in circulation. The higher amount of tokens in circulation will allow the platform to support liquidity mining, in which the token holder is going to benefit from holding the token by receiving loan interest from the borrower. When the borrower pays off the loan, the lender will pay back the interest to the token holder who has been holding the token; this is what makes the token a valued asset. Read More
Cure for the itch: Deputizing blockchain to fight public corruption
If corrupt government officials try to delete files on the blockchain, “any change will be noticed immediately by other participants.”
Puerto Rico recently announced that it may be looking for a blockchain solution to fight government corruption, particularly after a Puerto Rican mayor pleaded guilty to accepting a cash bribe of more than $100,000.
But could a distributed digital ledger really make an impact in the unincorporated United States territory’s struggle against public fraud and wrongdoing?
It might if it were done in tandem with other public efforts, governance experts tell Cointelegraph. Puerto Rico could gain, too, by heeding lessons from other countries that implemented blockchain to fight corruption in recent years, including Georgia, India, and Colombia, and it shouldn’t be reluctant to bring in outside help, though much of the key work should still be done by local agencies. Puerto Rico shouldn’t expect a quick technical fix.
“We have a real credibility problem,” the Puerto Rican House Speaker told Bloomberg, and more transparency and accountability — the sort that blockchain technology potentially offers — “might be part of the solution.” Read More
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. Read More
Smart Contracts In The Real-World: Programmable Business Logic For The Digital Economy
There are a number of real-world business processes that are being improved, made fairer, and a lot more transparent with the use of blockchain-based smart contracts. These automated contracts allow parties to commit to certain terms and conditions in order to carry out business transactions. The term “smart contract” was actually created by Nick Szabo, a computer scientist, legal expert, and cryptographer who is well known for his research in digital contracts and virtual currency.
Although Szabo may have initially proposed the concept of smart contracts, it wasn’t really until
Ethereum (ETH) became widely adopted and these programmable contracts gained significant adoption globally. With its initial version released in mid-2015, Ethereum co-founder Vitalik Buterin and his colleagues showed everyone that it was possible to provide a Turing Complete cryptocurrency platform. Read More
Inside the blockchain developer’s mind: Proof-of-burn blockchain consensus
Gaining a deeper understanding of a popular — but, meanwhile, widely misunderstood — concept in blockchain technology: the consensus algorithm.
Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind. In previous parts, Andrew Levine of Koinos Group discussed some of the challenges the team has faced since identifying the key issues they intend to solve, and outlined three of the “crises” that are holding back blockchain adoption: upgradeability, scalability, and governance. This series is focused on the consensus algorithm: Part one is about proof-of-work, part two is about proof-of-stake and part three is about proof-of-burn.
In the first article in the series, I explored proof-of-work (PoW) — the OG consensus algorithm — and explained how it works to bootstrap decentralization but also why it is inefficient. In the second article, I explored proof-of-stake (PoS) and how it is good for lowering the operating costs of a decentralized network relative to proof-of-work, but also why it further entrenches miners, requires complex and ethically questionable slashing conditions, and fails to prevent “exchange attacks.”
In this article, I will explain the third consensus algorithm that was proposed about a year after proof-of-stake but, for reasons that should become clear, has never actually been implemented as a consensus algorithm on a general-purpose blockchain. At least, not until now. Read More
Polkadot envisions Web 3.0 disruption with multiple parachain launches
The Polkadot team invested five years into the development of the parachains, which were allocated to teams via auctions.
Open-source blockchain platform Polkadot announced the launch of its first parachains (or parallelized chain), aimed at improving the interoperability between multiple blockchains.
According to the announcement, the Polkadot team invested five years into the development of the parachains, which were allocated to teams via auctions; namely, Acala, Moonbeam, Parallel Finance, Astar, and Clover.
With individual blockchains running in parallel within the Polkadot ecosystem, the auction winners will be able to lease slots on Polkadot's Relay Chain for up to 96 weeks at a time. Developed by Polkadot founder and Ethereum co-founder Gavin Wood, the Relay Chain helps in coordinating the consensus and communication between parachains:
“And as the ecosystem grows, especially with nascent emergence of metaverses, dozens of protocols will become increasingly visible. In that scenario, there will not be a single blockchain, but we will have several interconnected chains.” Read More
Community Voted, Why Uniswap Will Be Deployed On Polygon
Popular decentralized automated market maker (AMM) Uniswap will deploy its smart contracts on Polygon, the Ethereum scaling solution, Proof-of-Stake (PoS) chain. The announcement was made via Twitter by the official handle of Uniswap Labs after the completion of a community vote.
The AMM will be rollout on Polygon on its third iteration (V3), per the initial proposal. The motion was passed with 72 million votes in favor and 503,009 against which suggests the proposal has wide acceptance within UNI holders. 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.
