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Project bridges Web 2.0 and Web 3.0 spurring on the creator economy
Through bridging solutions, cryptocurrency protocols enable users to take back their social identity from megacorporations.
PIP exists as a layer of the internet on Web 3.0, enabling applications on this web version to be built on top of a user’s website. This foundation enables three main pillars, the first being the ability to transact values such as currencies, assets, and other forms of digital value.
PIP refers to this functionality as “social pay,” giving users the chance to send and receive coins over the social platforms they are already interacting on. Payment buttons will appear on the social profile or the individual post to help promote online transactions, a feature often acting as a barrier for small business owners and digital creators. Sending funds can be done regardless of whether both parties are PIP users or not, ensuring anyone can claim tokens.
The second pillar of PIP is presented in the linking of social identity to cryptocurrency ownership through future releases of PIP bio, a social identity tree that authenticates users and their interactions, making engagements more trustworthy, as well as PIP NFT for the display of digital assets on one’s profile. Read More
Quality data in blockchain to change the way supply chains work
Lack of transparency and inadequate tracking system persist in SCM due to inconsistent or lack of quality data to a great extent.
The supply chain has gone intrinsically complex, encompassing multiple players from producers to transporters, from wholesalers to retailers, and from buyers to consumers, unlike the two-man (seller-buyer) simple transaction that existed long ago. In this multifaceted process, the supply chain industry faces a critical challenge in cost, speed and product quality, directly linked to the seamless flow of data or information. Apart from lack of transparency, the hurdles faced in the sector are the complexities in information sharing and delays in data retrieval, which hold back the performance at every stage of the logistics network. Thus, creating pressure on all participants in the value chain to live up to the rising customer expectations, meet profitability targets, and overcome disruptions and delays.
Blockchain technology, which connects silos to a single source of truth through – smart contracts and shared ledgers, can add value to the supply chain by directly addressing these inefficiencies of supply chain management (SCM). Blockchain technology stores and distributes high-quality data, which is immutable, tamper-proof and time-stamped. Lack of transparency and inadequate tracking system persist in SCM due to inconsistent or lack of quality data to a great extent, apart from the high amount of paperwork involved, lack of interoperability, and limited information on the product lifecycle and transportation history. Read More
Four ways blockchains could transform these important government sectors
Thanks to Bitcoin, the world finally has blockchain: a new kind of data management technology that keeps an immutable record of all things digital. More and more governments have seen blockchain's potential, which has caused much excitement among crypto-enthusiasts.
Each "block" of data on the "chain," or network of computers, has a timestamp and is encrypted. Anyone can view this data online, but only the person who owns a block (of data) can edit the info through a private key. Any change on an individual block updates and syncs with everyone’s distributed blockchain in real-time.
So you can imagine how blockchains will enhance transparency in government sectors. Its most interesting use case yet, however, is how blockchains will hold people accountable. Here are some other uses of blockchain: Read More
Blockchain-enabled digital fashion creates new business models for brands
A “digital-first” model is disrupting the fashion sector, as blockchain technology shows advanced capabilities in Web3 e-commerce and sustainability.
Nonfungible tokens (NFT) may be disrupting the trillion-dollar fashion industry, but NFTs are just one piece of a much larger puzzle that is revolutionizing this sector. Rather, blockchain technology as a whole continues to be a game-changer for the fashion industry.
While blockchain-based supply chains served as some of the earliest use cases of how the technology could help detect fraudulent items, digital wearables being built on blockchain networks are now coming to play. Megan Kaspar, co-founder and managing director of Magnetic — a privately held crypto and blockchain investment and incubation firm — told Cointelegraph that digital fashion is a very powerful use case for blockchain technology. However, she noted that many brands remain unaware of the value that blockchain can provide in terms of creating new business models. Read More
A token that is only a medium of exchange has a very strong chance of falling victim to price manipulation. Alternatively, Markethive has in place, numerous velocity stabilizers including staking, (The Vault), network utility expansion, and the fact it is a cryptocurrency coin, will keep the balance of velocity. This ensures that the velocity is maintained for the initial and long-term price of MHV and is indicative of a healthy Markethive Ecosystem. A strong economy will in turn sustainably increase MHV’s price.
Coins or Tokens that are structured to capture a significant portion of the economic value generated by the network will reward both the investors who took on early-stage risk as well as the platform who can continue to fund development through the retention of now valuable tokens.
There is a huge market looking for what Markethive does. You’re not just buying or earning to accumulate a coin, you’re buying an oil field. Markethive is an eternal economy that has more demand than supply, therefore, the demand will continue to outstrip the supply. The bottom line being the Markethive Consumer Coin (MHV) and Incentivized Loan Program or ILP Token (HFS) will only become increasingly more valuable. Read More
Solana User Experience 'Not What It Should Be', Says Co-Founder as Network Struggles
The rising blockchain network is experiencing “growing pains” amid degraded performance, says co-founder Anatoly Yakovenko. SOL’s price is down 42% in a week.
Solana has seen degraded performance in recent days, including sluggish and failing transactions.
Solana Labs CEO and co-founder Anatoly Yakovenko acknowledged “growing pains” as increasingly complex transactions affect the network.
While the Solana network hasn’t experienced a full outage since September’s extended downtime, it hasn’t exactly been smooth sailing the last few months for the rising layer-1 blockchain. Following recent network performance issues, Solana Labs co-founder and CEO Anatoly Yakovenko has detailed the platform’s “growing pains” as it scales to meet demand.
Late last week and into the weekend, Solana users took to social media and Discord to complain of frequent issues. Transactions on the network were getting stalled, often taking considerably longer than normal to complete or outright failing as the network struggled to maintain its typical throughput level measured in transactions per second (TPS). Read More
'Ponzi Schemes Have Created a Negative Reputation for the Industry' — Uganda Blockchain Advocate
Education and awareness campaigns are still viewed as important channels that draw people to cryptocurrencies and blockchain. This has been particularly true in some parts of Africa where bitcoin and other cryptocurrencies are proving to be a useful alternative to fiat currency.
Despite a surge in the use of blockchain technology and cryptocurrencies that started with the pandemic-inspired lockdowns, many people, particularly in Africa, are still unfamiliar with these technologies.
To bridge this knowledge gap, many blockchain enthusiasts in Africa have chosen to focus their efforts on educating their fellow countrymen on the basics of the blockchain. In Uganda, blockchain enthusiasts Daniel Mulondo and Killian Mugenyi have created a platform called Nileone, which not only aims to educate but also to help raise awareness about potential crypto scams. Read More
Ethereum Foundation Rebrands ETH 2.0 to Consensus Layer, Breaking Broken Mental Model to Users
With the evolution of the Ethereum roadmap, ETH 2.0 has emerged as an inaccurate representation, and this has necessitated its rebranding so that a broader audience can comprehend its content.
The Ethereum Foundation explained:
“One major problem with the ETH2 branding is that it creates a broken mental model for new users of Ethereum. They intuitively think that ETH1 comes first and ETH2 comes after. Or that ETH1 ceases to exist once ETH2 exists. Neither of these is true.”
The advancement of the Ethereum network calls for more measures beyond protocol development, like a critical shift in terminologies used, according to the Ethereum Foundation.
As a result, Ethereum 1.0 will be renamed as "the execution layer", whereas Ethereum 2.0 will change to the "consensus layer". Therefore, Ethereum will be made up of the execution and consensus layers. Read More
The Beatles and John Lennon music history collection to be auctioned as NFTs
Each NFT in the "Lennon Connection: The NFT Collection" would be offered as an audio-visual collectible, narrated by Julian Lennon, himself.
John Lennon’s eldest son Julian is selling some of the rarest pieces of music history from his private collection.
John Lennon’s coat from the “Magical Mystery Tour” film, his cape from “Help!,” three guitars, and Paul McCartney’s handwritten arrangement notes for “Hey Jude” are some of the most sought after Beatles memorabilia up for nonfungible token (NFT) auction.
The NFT series, called "Lennon Connection: The NFT Collection," has opened up for bidding on Monday and will commence on February 7 in collaboration with NFT marketplace YellowHeart and Julien's Auctions. A portion of the sale from the NFT auction will be donated to Lennon's White Feather Foundation. 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.
