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Dignity Corp Gold Reserves-Backed Security Token To List On CryptoSX Exchange
US-based Dignity Corp has announced that its native DIGau token will be listed on the CryptoSX digital assets exchange on 11 January. The company is taking a very innovative approach by backing its security token with gold reserves.
Relying on a “regulation forward” approach and the use of security tokens, Dignity Corp has found new ways to leverage investment into the US precious metals, mining, and minerals sector.
It is aided in this endeavor by CryptoSX, a cutting-edge platform for security token offerings (STOs) that are backed by fiat/crypto conversion capabilities. Philip Tam, the founder, and CEO of CryptoSX said of the listing:
"Our mission has always been about redefining the traditional investor mindset, particularly towards security-backed tokenized opportunities. That's fundamentally why my partners and I created CryptoSX – to essentially showcase to the global investor arena, a potential that is fairly unsaturated, waiting to be unlocked via the STO investment space. Dignity brings an immense amount of passion and drive to do things differently within their own niche. To me, it is obvious that they are going to go on with even greater successes, and it is CryptoSX's promise to be there for them as an effective platform, and more importantly a trusted partner every step of the way." Read More
Vitalik Buterin Proposes New Fee Structure For Ethereum
Ethereum co-founder Vitalik Buterin has put forward a new proposal that could affect and improve Ethereum’s current fee structure. The proposal, titled multidimensional EIP-1559, was detailed in a blog post shared by Buterin.
The Multidimensional EIP-1559 Update:
Buterin’s proposal was published in a blog post on 5th January. In the post, Buterin acknowledged that different resources in the Ethereum Virtual Machine have different gas demands when it comes to usage. The post listed two options for what Buterin calls the “multidimensional EIP-1559” while discussing Ethereum’s gas fee market.
He referred to the usage of the Ethereum Virtual Machine, witness data, block data, and state size filling, pointing out that these different resources are bundled into a single multidimensional resource. Buterin stated that the current system is unable to handle the differences in limits for resources in the EVM. Read More
Creative ecosystem combines content ownership strengths with rising NFT utility
NFT technology displays utility beyond digital art, presenting solutions to royalty distribution and decentralization.
Nonfungible tokens (NFTs) have become known as digital art. However, to those slightly more versed in its capabilities, NFTs represent much more, bringing to life a new realm of potential, one that could not have been predicted 10 or 15 years ago. With NFTs, new products like artwork and online experiences are being created, each of which centers around an online community.
Therefore, NFTs become more than digital art or a new social media avatar. Instead, they become a ticket or membership into an elite group of artists, sports enthusiasts, passionate gardeners, or local animal lovers. The result is now; users can join a community of likewise individuals in a more immersive experience than ever before.
In addition to a sense of belonging, NFT assets present solutions to several intellectual property-related concerns. Since details around their use are stored in the blockchain and tokens may have the capability to include a self-executing contract, the technology continues to find new uses. Read More
Decentralized freelancing platform goes live, aims to rebuild the workforce industry
Freelancers have long been suffering from demanding clients and unfair treatment. This company is building a platform to provide fair treatment.
With the world shifting faster than ever towards remote work and freelancers becoming indispensable to companies in ways never seen before, the hiring process has been clearly lagging behind.
Mainstream freelancing platforms are biased towards the client. Employers often have more power than freelancers in terms of dispute resolutions, governance, and fees. Payments made towards freelancers are subjected to hidden intermediary fees, as well as long withdrawal times. Powered by a blockchain ecosystem, HYVE wants to solve the problems of the freelancing industry through a decentralized platform.
The mainnet launch: With a deployment consisting of four stages, HYVE launched its mainnet on the Ethereum network (ETH), immediately followed by Binance Smart Chain (BSC), with future plans for Polygon (MATIC). Read More
IT Expert, Architect, Entrepreneur, Educator, with a Renegade Mindset
Elrond's Head Of Research, Felix Crisan, is another feather in the cap of the evolving Romania-based Blockchain company. He is an integral part of a specialized team of hard-core engineers, entrepreneurs, and researchers, who have successfully redesigned the Blockchain infrastructure.
Collectively, the team, including Co-founders, CIO, Lucian Mincu, and COO, Lucian Todea, has significant technical experience at Microsoft, Google, Intel, NTT DATA, 2 PhDs in CS & AI, multiple math, CS and AI, Olympiad champions, and blockchain backgrounds, with the CEO of Elrond, Beniamin Mincu previously involved with the NEM core team. In this article, Felix Crisan is center stage.
Elrond is setting new standards for performance in the Blockchain space with an innovative network scaling technology called Sharding, but with a difference. Sharding is a well-known concept for horizontal partitioning of databases which several companies are applying it to public Blockchains to increase their throughput capacity.
Elrond has gone one better by developing a cutting-edge form of state sharding named Adaptive State Sharding. It enables the network to rival centralized cloud networks without sacrificing blockchains' security and decentralization advantages. This, along with their Secure Proof of Stake consensus, makes Elrond a leader in the next generation of high-throughput Smart Contract platforms flourishing in the Blockchain ecosystem. Read More
PayPal reportedly confirms plans to explore the launch of a stablecoin
The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser.
American fintech giant PayPal Holdings has reportedly confirmed its intent to launch its own stablecoin named PayPal Coin. The development of an in-house stablecoin was first discovered in the source code of Paypal’s iPhone app by developer Steve Moser.
Confirming the evidence found on the PayPal app, Jose Fernandez da Ponte, PayPal’s senior vice president of crypto and digital currencies, told Bloomberg News:
“We are exploring a stablecoin; if and when we seek to move forward, we will of course, work closely with relevant regulators.” Read More
Rarible Launches Tool to Block 'Risky' Ethereum NFT Sale Orders on OpenSea
Rarible says the new order management tool will help protect its users from having NFTs sold for less than they are actually worth.
NFT marketplace Rarible announced on Tuesday that it has launched an order management tool that allows Rarible users to identify and cancel questionable sale orders from the leading NFT marketplace OpenSea.
The announcement comes following news of an exploit on OpenSea that could lead to valuable NFTs, such as those from the Bored Ape Yacht Club collection, being sold for far less than the owner actually intended.
Rarible says it received several complaints from customers of irregularities in the price of NFTs shown on Rarible that the site aggregated from OpenSea. Some users complained that certain NFTs would, for example, show up as "available" on Rarible but not on OpenSea. Read More
Solana Formally Acknowledges Problems With 'High Compute' Transactions Clogging the Network
Solana, a top ten smart contracts-enabled cryptocurrency by market cap, has acknowledged it is facing a series of problems hindering the performance of its network. The official account of the status of the network, as well as the status page, reported this incident yesterday. This is the latest issue Solana is facing after experiencing several network disruptions during the past months.
Solana, a smart contracts-enabled cryptocurrency, has formally acknowledged its network is suffering performance issues affecting the throughput of the system and causing it to drop certain transactions. The report was issued by the Solana Status Twitter account of the project, which informed users of the situation yesterday.
The account explained:
[The network is experiencing] degraded performance due to an increase in high compute transactions, which is reducing network capacity to several thousand transactions per second. This is leading to increased loading and transaction processing times, and some failed transactions. Read More
The Future Of Sportsbetting With Cryptocurrency And Blockchain Technology
Many people consider cryptocurrency and blockchain to be the future of financial transactions; it has the potential to change the world of finance as we know it. The same is the case with the world of sports betting; cryptocurrency and blockchain tech can completely revolutionize the way sports betting transactions are carried out today.
From lower transaction fees to faster exchange, there are several reasons why crypto sports betting is going to be the thing of the future. The transparency and security that blockchain technology offers are unmatched, thousands of sports bettors have already made the switch. There are hundreds of sportsbooks sites accepting Bitcoin, mostly because of the benefits cryptocurrencies offer over the conventional ones.
Betting with cryptocurrency will not change the way you best; it will only change the way your financial transactions are carried out. You will be able to bet on the game of your choice, from the NBA to MLB to the Olympics, directly from your crypto wallet, with the currency of your choice. 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.
