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How blockchain technology will reshape green finance in 2022
With the growing urgency for climate solutions, blockchain technology could be a powerful tool to revolutionize green finance, especially as transparency and traceable information are critical in measuring and monitoring climate impact.
With the Paris Agreement being reviewed and countries’ commitments updated at COP26 last November, there’s no doubt that green finance will remain a major topic this year.
At the same time, we’ve seen blockchain technology grow from a fringe and futuristic technology to a powerful tool with many real-world applications, particularly in green finance where transparent and traceable information is critical in measuring and monitoring climate impact.
Here are just some of the ways blockchain technology will revolutionize green finance in 2022: Read More
SEC approves BSTX for blockchain settlements on traditional markets
BSTX‘s SEC approval does not involve crypto trading or any other form of use of blockchain technology.
The Boston Security Token Exchange (BSTX), a new facility of the Boston-based BOX exchange, received regulatory approval from the United States Securities and Exchange Commission (SEC) to operate as a blockchain-based securities exchange.
BSTX was launched jointly by BOX and Overstock’s blockchain arm tZERO, originally seeking approval for launching publicly-traded registered security tokens. However, the SEC approval to operate as a national securities exchange allows BSTX to use blockchain technology for faster settlements in traditional markets. According to the SEC,
“The Commission notes that the [BSTX] Exchange’s current proposal does not involve the trading of digital tokens and such a proposal, or any other additional use of blockchain technology.”
While the SEC has previously denied BSTX permission to offer crypto-focused services, the latest approval allows the facility to use a proprietary market data feed, BSTX Market Data Blockchain. Read More
Web3 innovations are replacing middlemen with middleware protocols
Thanks to the DeFi revolution, it’s no longer companies extracting value from users, rather it's developers extracting value from protocols.
Cryptocurrencies and the wider blockchain ecosystem are helping change the status quo of how we conduct our day-to-day lives. With these emerging technologies, Web3 is being ushered in as a permissionless and open innovation using middleware blockchain protocols. By doing so, they’re replacing middlemen software-as-a-service (SaaS) companies by capturing value at a greater level.
Middleware protocols are by no means new. After all, Web2 is supported by middleware applications, the main one being HTTP. Middleware is what enables users to interact with each other and with applications in a computing environment. And with Web3, there are a variety of protocols in the middle layer stack of this new internet to support applications. More vitally, though, are they really important? Read More
Ripple Competitor Announces Plans To Roll Out Smart Contracts in 2022
Ripple competitor Stellar (XLM) is announcing plans to roll out smart contracts later this year.
Stellar Development Foundation (SDF) ecosystem head Justin Rice says smart contracts will enable a new suite of products and services on Stellar.
“There’s a lot of work to be done to get there, but at SDF we’re committed to researching and shepherding the development of the code and creating community engagement around an implementation.
The goal is to have Stellar remain one of the most accessible networks for developers so they can deliver high quality and safe applications to their users, while also allowing it to adapt and respond to the competitive blockchain landscape.” Read More
Wallet in final draft mode
Staking the Markethive Way
Staying One Step Ahead
Markethive started out as a sophisticated inbound marketing platform with a social media interface harvesting a robust collaborative culture. The entrepreneurs of the Markethive community have been using the free system and tools, promoting their businesses, and branding themselves across the internet with much success.
With the advent of Blockchain technologies, Markethive set its path on an unprecedented journey of combining marketing, social media, digital broadcasting, e-commerce, gamification, etc., with cryptocurrency and decentralized Blockchain, distributed ledger technology. An ongoing project of massive proportion to deliver sovereignty, financial and self, and freedom of self-expression for all equitably, without bias.
Markethive is a Vision from the Divine Source. Its mission is to fill the vacuum for the world's entrepreneurs - To empower and enrich the lives of every individual on every level across the globe. And the timing couldn’t be more perfect as we witness the soul-less destruction, tyranny, and surveillance of humanity gift wrapped and delivered to us as protection and for our own good.
We are building an ecosystem, and there’s an absolute need and use for our coin (HVC) for everything we do; therefore, the potential for the open market to accept and embrace HiveCoin is very promising. Read More
PayPal stablecoin: What it could mean for payments
PayPal has confirmed it is exploring a stablecoin. Here’s how experts see the potential impact of a PayPal Coin.
PayPal confirmed on Jan. 8 it is “exploring a stablecoin” that could be called PayPal Coin after a developer found evidence of such a stablecoin within the source code of the company’s iPhone app.
PayPal senior vice president of crypto and digital currencies Jose Fernandez da Ponte said at the time that if the company plans to move forward with the stablecoin, it will do so while working closely with relevant regulators — an approach that could help the fintech firm avoid the wrath of United States senators that doomed Meta’s Diem cryptocurrency project.
The company has clarified that the source code found on its iPhone app was developed in an internal hackathon. When Cointelegraph contacted PayPal to learn more, a spokesperson confirmed the previous reporting but did not offer any additional commentary.
The potential impact of a PayPal stablecoin in payments overall and in the cryptocurrency industry is hard to estimate, and while some experts see the firm’s move as an extremely positive one for the space, others believe the stablecoin would be more of the same. Read More
Inside the blockchain developers’ mind: How to build the next big social DApp
Fee-less system or flexible blockchain with smart contracts: What do you choose to build your DApp? Or you don’t need to choose at all?
People use social applications daily, but despite all the hype around supposedly “next-gen” blockchains, none of those social applications are decentralized. Let’s unpack why, using two blockchains as a reference: Ethereum and Steem.
Ethereum has far more developers than any other general-purpose blockchain, and yet none of those developers have managed to build a social application with mainstream adoption. At one time, Steem was one the most widely used blockchains of any kind in the world, making it also one of the most used social DApps in the world, with a market capitalization that reflected this with an all-time high of about $2 billion.
Steem was able to grow extremely fast and onboard hundreds of thousands of ordinary users, but never received the level of developer adoption that Ethereum did, and ultimately failed to live up to its potential. How and why this happened is a valuable lesson about building both DApps and blockchains. Read More
Decentralized technology will end the Web3 privacy conundrum
The technical and log-jam issues preventing the advantages of Web3 privacy can be put to bed if the right solutions are adopted.
Although the modern internet connects us like never before, one thing that younger generations have never truly experienced is the feeling of genuine privacy. Even older generations have forgotten what life was like before our every thought and action were tracked.
Web3 envisions an open, trustless, permissionless internet where users can interact with each other peer-to-peer without giving up ownership control, privacy, or relying on intermediaries.
Underlying that vision, blockchains are one of the most important tools. They eliminate the need for trusted third parties and help to create a direct relationship between users and service providers, recording the rules of engagement on immutable ledgers and even storing direct interactions between them. Blockchains also fundamentally reconfigure the structures and power balances in data ownership. Read More
ADALend: Major Developments on the Horizon
ADALend’s mission is to democratize the lending industry by using the Cardano blockchain to eliminate the traditional banking middlemen. This will be accomplished through the development of a platform that connects borrowers, and lenders in a decentralized manner. With the help of blockchain technology and IOHK’s research and development, the platform will provide a simple, secure, and more transparent way of exchanging value. The decentralized lending platform will allow creditors to perform lending activities and create a safer and more efficient lending environment for all users.
While traditional banks continue to disregard the needs and concerns of the people, ADALend has come to provide access to loans for those in need who have been ignored. The inability to gain access to funds has long-term consequences. ADALend provides a platform to change the current state of financial affairs. While the cryptocurrency market is young, it is already very versatile. ADALend is a revolutionary platform that brings the best of both worlds together, with an innovative business model to take advantage of the best features of multiple industries, thus creating a new and sustainable source of income for businesses, investors, and borrowers.
Lenders and borrowers alike have had to contend with a lack of transparency and safety, making it difficult to efficiently manage a lending platform. The team at ADALend is working to solve this problem. The team has expert economists, engineers, and business professionals that are working to build a trustless, decentralized lending protocol that will allow users to operate in a self-governed environment. By using decentralized lending protocols, users can borrow, lend and earn money in a secure and anonymous environment. Read More
Internet Computer plans to roll out BTC and ETH integrations by end of Q1
The slated integrations with BTC and ETH would displace the need to use a bridge, which can open the network up to malicious actors.
The Internet Computer has released a roadmap for 2022 and beyond, indicating plans to roll out integrations with Bitcoin and Ethereum by the end of the year.
The Internet Computer is a public blockchain and protocol that allows developers to install smart contracts and decentralized applications directly on the blockchain. It was incubated and launched in May 2021 after years of development by Dfinity — a nonprofit based in Zurich.
The direct Bitcoin integration will be launched as part of Dfinity’s “Chromium Satoshi Release,” which is planned for Q1 2022. It will add smart contracts to the Bitcoin blockchain using “Chain Key cryptography,” displacing the need to use a bridge, which could open the network up to malicious actors.
Dfinity community member Berto Parga Pena explained that Chain Key cryptography is “one of the fundamental breakthroughs enabling the Internet Computer to scale to millions of nodes.”
“It is a set of cryptographic protocols that orchestrate the nodes that make up the Internet Computer and the engine that drives it and makes its operation possible.” 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.
