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Decentralized brokerage protocol aims to unite DEXs and lending into a new TradeFi ecosystem
Free trade and high-interest rates can unite ordinary people with financial organizations, that is, with guidance from a suitable liquidity protocol.
DeFi (decentralized finance) lending has proven its case. Eliminating the middleman in this type of financial transaction can be done, and done in a way that benefits both transacting parties. In practice, this means lenders can bypass the bank and increase their earnings, and borrowers can gain access to the funds they need, even if they don’t meet the criteria of the middleman. However, the industry is still young and requires additional applications before it is entirely competitive with traditional offerings available to the consumer today.
The fact is that the world is becoming increasingly overcome with tokenization, and the industry is already preparing for a future where more assets have a digital counterpart. Therefore, it is only a matter of time before trading itself becomes largely decentralized. Consequently, use cases such as margin (or leveraged) trading, common in traditional finance, need a decentralized counterpart. Read More
Binance Becomes the Blockchain and Cryptocurrency Industry’s First to Join the National Cyber-Forensics and Training Alliance (NCFTA)
Binance, the world’s leading blockchain and cryptocurrency infrastructure provider, today announced that it has joined the National Cyber-Forensics and Training Alliance (NCFTA), a nonprofit corporation focused on identifying, validating, mitigating, and neutralizing cybercrime threats. Binance is the first organization from the blockchain and cryptocurrency industry to formally join the alliance.
The NCFTA was established in 2002 to enable the responsible sharing of information and subject matter expertise with partners from private sector industries, law enforcement, and academia. Its goal is to develop and share threat intelligence as part of the international effort to combat and defeat cybercrime. NCFTA’s initiatives have helped prevent over $2 billion in potential losses and launch thousands of criminal and civil investigations, which have led to over a thousand arrests.
“Cybercrime is a global threat that continues to see exponential growth, with the potential to impact the very fabric of our society,” said Matt LaVigna, President and CEO of the NCFTA. Read More
Blockchain can change healthcare: 3 ways to use the new tech
Blockchain technology provides healthcare with new opportunities to evolve interoperability by making it easier to exchange health information, MDLinx reported Jan. 24.
Blockchain technology, an encrypted digital ledger, allows healthcare systems to collaborate between network users. But that's just the beginning of its potential for the healthcare industry.
MDLinx cites three ways blockchain can be used to change the face of healthcare: Read More
Leadingblock to Use Chainlink for Decentralized Pricing Data
Chainlink is on a roll as the venture is scoring consecutive collaborations. The oracle network recently gained another client in the form of Leadingblock, a crypto borrowing, and lending platform.
Lendingblock released an official post about the integration, which will help them gain decentralized price data. Renowned for its consistency, Chainlink Price Feeds offers real-time market price data for 100+ assets. It is due to Chainlink’s market performance and popularity that LINK is one of the most popular coins in the industry. Users can read more about LINK price prediction to gain useful insights on the topic.
The reason behind using Chainlink Price Feeds is simple – Chainlink is a well-reputed decentralized oracle network. The venture enables multiple decentralization layers to minimize risks linked with gaining price data from one centralized source.
In addition, the oracle network secures several industry-leading DeFi and CeFi platforms. With a TVS (Total Value Secured) over 75 billion dollars, its reliability is unquestionable. The latest integration will help Lendingblock’s new stablecoin borrowing solution Borrow assist users to gain assets without worrying about excessive fees, credit checks, and hidden fees. Read More
A Technology Ecosystem For The New Internet
Cryptocurrencies have many use cases. Some act as a store of value, others power blockchains that make it possible to create trustless digital contracts and permissionless, decentralized applications. Some cryptocurrencies are pegged to Fiat currencies to allow for stable transfers of value, and a few even underpin protocols that offer decentralized data, storage, and video streaming.
Each of these use cases requires a particular set of blockchain attributes and economic incentives. This is why it's often said that there is no single cryptocurrency project that can do it all. That may well be true, but there is one that comes close.
What Is Elrond?
Elrond has combined the scarcity of Bitcoin, the programmability of Ethereum, and the speed of next-generation cryptos, like Solana, to create a cryptocurrency network unlike any other. Elrond is a platform built for internet-scale and capable of processing thousands of transactions per second at $0.001 per transaction, and able to scale to hundreds of thousands with demand.
Elrond’s distinction is being a project with a soul. One that has united forces of an incredibly vibrant community of 190,000 people, spanning 18 languages and in almost 30 countries. Elrond aims to create the backbone for high bandwidth, transparent financial system, and extending universal access to anyone, anywhere.
Elrond’s egold (EGLD) native token has exploded in value over the last year and seems to be poised for more gains. The Blockchain project has been considered under the radar and received very little crypto media exposure until now. Read More
Cardano-based DeFi protocol hopes to incentivize DApp development
DeFi enthusiasts might finally have a reason to move away from Ethereum.
While Ethereum (ETH) is constantly in the news cycle regarding its upcoming 2.0 update, similar smart contract-powered platforms are slowly building up their reputations. One such network is Cardano (ADA), a peer-reviewed, proof-of-stake (PoS) blockchain network for DApp development and decentralized finance (DeFi).
As developers begin deploying DeFi decentralized applications (DApps) on the Cardano platform, they’ll need the support of layer-two solutions to scale, remain secure and manage and incentivize their communities. ADALend is leading the charge in this regard, offering features to slowly entice users away from Ethereum and onto Cardano.
A decentralized shift: ADALend is a Cardano-based lending protocol aiming to provide decentralized finance DApps with a flexible layer-two solution similar to those offered by Ethereum-based layer-two protocols.
The ADALend solution will offer various lending pools, each with its own cryptocurrency. From there, users can deposit assets to the pool in return for interest, reducing the number of idle assets within the Cardano ecosystem. Read More
Stellar To See The Arrival Of Smart Contracts In 2022
Stellar has drafted a very clear roadmap regarding its strategy for 2022 and beyond. Keeping that in mind, Stellar is looking at further expanding its anchor network, focusing on trust-minimized innovations and increasing inclusion and interoperability.
Stellar also revealed that it plans on bringing Smart Contracts to the Stellar ecosystem in 2022.
Smart Contracts On Stellar: Stellar announced the news regarding the incorporation of Smart Contracts into its ecosystem through a tweet on Twitter, which simply stated, “Smart Contracts are coming to Stellar.” and included a video of Justin Rice, VP of Ecosystem, revealing details regarding Smart Contracts on Stellar.
Rice spoke about the Stellar Development Foundation exploring new avenues and possibilities and see the opportunities they could bring in growing Stellar and its ecosystem. He further stated that Smart Contracts are probably the next step for Stellar in 2022, although he conceded that there is still a lot of work to be done in that regard. Read More
Can Ethereum Compete With Its Rivals This Year? Coinbase Looks at State of ETH in New Report
Top US crypto exchange Coinbase is evaluating the road ahead for leading smart contract platform Ethereum (ETH), which has had a bumpy start to the new year.
In a detailed report, Coinbase’s head of institutional research David Duong says that Ethereum is at a critical juncture both regarding its own attempts to roll out ETH 2.0 as well as facing pressure from other blockchain projects.
“As the scalability challenges for Ethereum continue to grow, we think traction for L1 [layer-1] alternatives will mainly depend on how quickly we see the emergence of ETH 2.0 and L2 [layer-2] solutions.
That is, we could likely see the continued growth of alternate L1 networks in [the first half of] 2022 as well as bridges to connect these chains. However, the window of opportunity for L1 alternatives may start to narrow considerably in [the second half of] 2022, as we expect ZK [zero-knowledge] proof technology to improve and rollups to gain more widespread use.”
In a zero-knowledge proof, one party is able to prove the veracity of a piece of information to a second party without revealing the information itself. Cryptographers employ the ZK method for increased levels of security and data privacy.
The report highlights how the steep cost of using the Ethereum protocol has negatively impacted its widespread growth but also mentions that a considerable amount of development is still performed using ETH. Read More
What Languages are Blockchain Developers Using?
Excited about blockchain? There's a lot to like, whether it be as an investor, a business, an exchange, or a user. But it may be even more exciting if you are a programmer, and want to join this modern gold rush with your developer's skills. The barrier to entry for blockchain coding is surprisingly low if you already know one of the key languages. And the larger blockchain ecosystem is incredibly diverse, so odds are you have at least a running start.
However, if you want to gain a serious edge-whether it be to join a team building the next big platform, or to develop your own Dapp that fills a key niche for customers-it's critical to understand what chain/platform you want to build on, and what dominant languages are used for development. It's also important to note that many platforms use multiple languages to build their Dapps, core platform, and smart contracts.
Some emerging platforms are working to make it as easy as possible for developers, such as QANplatform's multi-language movement which will allow users to program on their network using any language they want, as long as it can run a Linux kernel. However, it's still critical to know a key blockchain-friendly language to take advantage of the platform. Let's look at some of the top languages, why they work so well for blockchain development, and why you might want to learn them if you aren't fluent. 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.
