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Here's how Polygon is challenging the limitations of Ethereum, as told by co-founder Sandeep Nailwal
Polygon's scalability, efficient processing times, and very low gas fees provide a solution to Ethereum's current network limitations, according to Nailwal.
Polygon, a layer-two network designed for scaling and application infrastructure development on Ethereum, has been making the rounds among blockchain enthusiasts as of late. From its $1 billion investment into zero-knowledge technology to co-launching a $200 million Web3 social media initiative up to integrating with Opera's web browser to make its decentralized apps accessible to 80 million Android mobile users, the network's momentum is going strong.
But partnerships and business aside, the technological capacities of the network, especially when compared to Ethereum, are also attracting the attention of many blockchain developers. In an exclusive interview with Cointelegraph, Polygon co-founder Sandeep Nailwal talked about the extent of the network's adoption. Read More
ADA Pay 2021: A Year In Review
The previous 12 months have proven themselves to be the most transformational year for Cardano and its native cryptocurrency $ADA to date. With the long-awaited launch of ADA Pay wallet on Cardano’s Shelley Mainnet, $ADA holders finally have a seamless way to pay for goods and services with supported merchants using their favorite crypto.
ADA Pay was the result of many months of research, development, and hard work by COTI finance-on-the-blockchain ecosystem developers, and its launch in April represented a huge leap forward for Cardano. It has since witnessed a massive surge in demand by consumers and institutions looking to pay and donate using $ADA. One of the unique features of ADA Pay is it enables more than just payments, giving merchants who accept $ADA a way to immediately stake the tokens they receive to earn token rewards and create a positive feedback loop in the $ADA ecosystem. Read More
Cross-Chains As The Future Strongest Link In The Blockchain?
As the technology that allows independent blockchains to communicate with one another, cross-chain has become a golden bridge, of sorts. Why golden? It’s simple, it draws precious money to it, even at times of droughts and black Fridays in the crypto-verse. Proof: the total value locked (TVL) as part of cross-chain solutions has recently risen by an impressive nine percent in a single month only. So, what pushed this trend into a global spotlight?
Bridging the Gap: First, a definition. Cross-chain is a solution that supports interoperability between blockchains. Here, interoperability refers to the ability to transfer data and value among independent blockchain networks.
Why haven’t we heard more about this tech prior to these profitable jumps in value? It’s simple - there were simply not that many chains for the cross-chain to provide its link to. Now that the blockchain has matured with an increasing number of competing networks, the demand for the bridges between these has simply exploded. Now, since they promote the exchange of value, these bridges are increasingly encrusted with pure gold. Read More
Binance gets the green light from Canada and Bahrain
If the Bahrain application is approved, it will be Binance’s first regulatory approval in the Middle East and North Africa region.
Binance is celebrating the new year with approvals from two different sides of the world.
The crypto exchange has been granted an in-principle license by the Central Bank of Bahrain to operate as a crypto asset service provider in the Kingdom of Bahrain. According to the announcement, the in-principle approval is a first for a Binance entity in the Middle East and North Africa region.
In a statement, Binance CEO Changpend Zhao, or “CZ,” said that approval from national regulators is “essential to build trust in crypto and blockchain and help further improve mass adoption.”
When it comes to licensing, it is “a matter of formalities,” according to Abdulkarim Haji, director for licensing at the country’s central bank. He highlighted Bahrain as the ideal location for Binance to establish its headquarters in the region. 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
Will decentralized storage protocols overtake the cloud storage market?
The development of blockchain technology provides a new opportunity for decentralized storage services.
According to IDC’s “Global Enterprise Infrastructure Quarterly Tracker: Buyer and Cloud Deployment” report, the global cloud storage market is expected to reach more than $100 billion in size between 2020 and 2025.
While centralized cloud storage solutions are the mainstream cloud storage technology, they have plenty of drawbacks.
Frequent data leaks, server failures, centralized operational control, and hacking incidents have triggered more and more developers to think about how to store data in a safe, stable, and low-cost way.
The development of blockchain technology provides a new opportunity for decentralized storage services. Read More
Here’s What’s In Store For Cardano In 2022
The deployment of decentralized finance (DeFi) on the Cardano blockchain has been a long-awaited event for both the network and its supporters. With smart contracts capability launched in September, expectations have grown even more as investors anticipate the launch of the first DeFi protocols. Developers continue to work hard towards this goal.
Hoskison took time to address this important part of the Cardano network as he explained his plan to bring affordable loans to the network through DeFi. He outlines this goal as something he is working towards so that by the second half of 2022, there can be working protocols on the network where people are able to perform end-to-end Microfinance transactions on the blockchain.
“My goal for the second half of 2022 is to figure out how to put all the pieces together to get an end-to-end microfinance transaction on Cardano. So that a real person in Kenya or somewhere with a blockchain-based identity and credit score, stablecoin on the other side, Cardano is the settlement rail,” Hoskinson said. Read More
Governments And Regulators Are Just So Far Behind In Understanding Cryptocurrencies And How To Regulate Them
Behind the scenes, governments and their regulators are struggling to come to terms with the intricacies of the cryptocurrency world, such as stablecoins, NFTs, DeFi, play-to-earn gaming, and many more facets of a fast-evolving cutting-edge technology sector.
On the surface, though they are playing it cool, putting out the odd pronouncement to warn citizens of the dangers of dabbling in such a ‘dangerous’ world where the investor does not have the same ‘protections’ afforded by the traditional financial sector.
However, the onus is on the regulators to furiously play catch-up behind the scenes. Notwithstanding the amount of effort they must be applying to the problem, they are hamstrung by the speed, innovation, and complexities of the technology itself. Read More
cNFT protocol brings utility to NFTs, changing the play-to-earn industry as a whole
GameFi may be the use case necessary to prove NFTs have real utility and are more than just hype.
NFTs (nonfungible tokens) have opened a great debate. On one side, skeptics believe NFTs are nothing more than JPEGs riding out their short-lived hype. On the other side, people believe NFTs are the next big thing, positioned to take over the digital space as we know it. So, which opinion is the correct one? Consider a parallel to the beginnings of the internet, when many industry analysts quickly dismissed the rising tech companies. As history would have it, these very objectors were proven wrong when companies like Amazon revolutionized the world of e-commerce. Consequently, the only thing missing was a vision for the underlying technology.
Looking back to the present day, a major argument for why NFTs will not amount to much comes down to the perceived belief that they have no utility. However, this belief is quickly disputed with the concept of GameFi. Here, NFT-powered games allow players to leverage their digital assets for earning opportunities. 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.
