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Solana Could Beat Out Ethereum to 'Become the Visa' of Crypto: Bank of America
The report also compares the asset to security-centric Ethereum and DeFi newcomer Avalanche.
Solana boasts high transaction speeds as well as hundreds of decentralized applications on its network.
A recent BofA research note says it could have many use cases for consumers.
Bank of America gave perhaps the highest praise a major U.S. bank could bestow on a cryptocurrency: It compared it to the world's largest credit card network.
"Solana could become the Visa of the digital asset ecosystem,” Bank of America global crypto and digital asset strategist Alkesh Shah wrote in a research note published Tuesday. He cited the more than 400 decentralized applications on Solana's network, which host everything from peer-to-peer exchanges to NFT marketplaces.
Ethereum, meanwhile, could become the blockchain for "high-value transactions and identity, storage and supply chain use cases," he wrote. Read More
The Future of Tokenization: How UWIM is Making Blockchain Accessible to End-Issuers
The main challenge behind UWIM is to create a user-oriented flow for those looking to launch their own tokens in a matter of a few steps. The technological aspects combined with a smooth UI have made token generation accessible for end-issuers with no additional development and audits required. The heart of this solution is the so-called “Smart Token” – a constructor with a large number of preset parameters that helps the issuers create a token with no hassle.
This easy-to-start flow is suited to individuals and entities that are willing to enter the market and further organize the selling phase, no matter what they’re planning to sell: personal brand or tokenized assets. Thanks to the variety of token standards, UWIM covers the needs of issuers of all kinds, such as influencers, startups, and existing businesses.
With thoughtful mechanics under the hood, the team has crafted the path for issuers from both the crypto and off-chain worlds to tokenize their assets or start a crowdfunding campaign. Read More
Top online blockchain technology courses in 2022
As part of this course, students will deploy a blockchain and carry out peer-to-peer transactions.
Cryptocurrencies and NFTs took the world by storm in 2021, but what exactly are they? Or how do you build them? With the rise of cryptocurrency, blockchain technology has taken a front seat in making it a safe platform for investments. Blockchain allows individuals to deal directly and securely through a decentralized system without an intermediary. While the technology has been around for a long time, its recent popularity has attracted tons of professionals and students who want to learn the art of blockchain. Analytics India Magazine has listed out the ten best online courses, both long and short, to learn blockchain technology in 2022. Read More
A peek into web3 power player Animoca Brands
If you haven’t heard of Animoca Brands over the last year or so, you haven’t been paying close attention. With a long and growing list of digital entertainment, blockchain and gaming properties, the eight-year-old, 600-person Hong Kong-based outfit has quietly become one of the most active participants in a world that more and more stakeholders believe is the next iteration of the web.
Just today, an LA outfit called Fan Controlled Football League — a sports league where fans vote on real-time decisions for their team — announced $40 million in Series A funding co-led by Animoca. And the outfit, which got its start by developing games for smartphones and tablets, has invested in more than 150 other outfits since bumping into the blockchain around 2017.
It was as serendipitous as it sounds. For Animoca founder Yat Siu, it also appears to have been love at first sight. At the time, Animoca was on its way to acquiring a company called Fuel Powered, which shared an office with venture studio Axiom Zen, and Siu was intrigued with a blockchain game that Axiom was working on called “CryptoKitties.” He learned of it from Fuel Powered’s co-founder, Mikhael Naayem, who was advising Axiom’s founder, Roham Gharegozlou. Read More
Markethive, the blockchain-driven ecosystem for entrepreneurs, has already successfully bypassed the centralized web services, like AWS and Microsoft, and operates on its own cloud system. The new login system Markethive has developed relinquished the need for 3rd party APIs that are potential vulnerabilities in Web 2 and threaten our freedoms.
Currently, Markethive is expanding its cloud system, called Mining Hives, worldwide. This means all data about Markethive and its users will not be stored on servers owned and controlled by a centralized entity.
Instead, it is a distributed database on the Markethive Blockchain with no single point of failure and no internet disruption or censoring by dictatorial authorities who may decide to shut off the internet.
Web 3 gives us a better chance at building a more inclusive internet that respects all who use it. Decentralized networks can win the third era of the internet for the same reason they won the first era: by winning the hearts and minds of entrepreneurs and developers.
Web 3 is an opportunity to distribute the wealth amongst the rest of us generally paid only to shareholders. Markethive stands tall and is dedicated to delivering the emerging environment of Web 3 to its community; one of self and financial sovereignty. Read More
IIT Kanpur awards blockchain-based digital degrees to eliminate forgery
India’s leading technical and research institution, IIT Kanpur, recently adopted a blockchain-based system to award digital degrees to its students under the National Blockchain Project. The system was launched by Narendra Modi, Prime Minister of India.
India’s leading technical and research institution, IIT Kanpur, recently adopted a blockchain-based system to award digital degrees to its students under the National Blockchain Project. The system was launched by Narendra Modi, Prime Minister of India.
IIT Kanpur is promoting blockchain technology to bring revolution in the education sector. Recently, the technology institution developed an in-house blockchain-based system to award digital degrees to the students under the National Blockchain Project. The system was launched by PM Narendra Modi on December 28, 2021, at the occasion of the 54th convocation ceremony of IIT Kanpur. Read More
Can Blockchain’s Capacity for Community Unlock Success for Early-Stage Startups?
The future of startups is community.
Startups have a higher chance of succeeding if they have a community behind them. Having a community is like having a support system with the added bonus of being able to build something together.
Community-driven management of enterprises has transformed from a poorly understood, nominal function into a vital element of business that impacts every step of a well-managed product or service-driven business. The era of C-suite executives is bygone – and for the better.
Blockchain’s capacity for community funding is fundamentally reforming the entrepreneurial journey for blockchain startups. Rather than veteran venture capitalists, developers, experts, and perhaps even fellow entrepreneurs who know the realities of the industry are becoming the guiding beacon of unicorn startups across industries. Read More
SkyLaunch Plans to Collaborate with Polygon to Boost Crypto Projects
To tackle issues and support the aim of a decentralized finance ecosystem, SkyLaunch birthed the vision to become a multi-chain initial Decentralized offering (IDO) platform that will bring changes to the ecosystem.
To further enhance the possibility of this future for the decentralized finance ecosystem, SkyLaunch has announced its collaboration with Polygon, the first platform for Ethereum scaling and infrastructure development.
The partnership with Polygon adds a new blockchain to the growth plan of SkyLaunch, which aligns perfectly, intending to become the next generation of multi-chain Launchpad. Also, Polygon has awarded the SkyLaunch project a prestigious grant that will assist and enable the platform to better position itself in the Polygon ecosystem and explore the possibilities of giving the best fundraising services to crypto projects. Read More
Everything Will One Day Be Owned Through NFTs
The mainstream idea on NFTs is that they are a vehicle for buying and selling what can be extremely profitable digital art images. However, that is the absolute tip of the iceberg where NFTs are concerned. In a not-so-distant future, it will be hard to think of areas where NFTs won’t be used for proving absolute ownership of absolutely everything.
One area that will lend itself to the most gargantuan opportunity for those who get in early and set up the infrastructure is fractionalized ownership. Already in the world of art, it is becoming possible to own a part share in a real-world piece of art that hitherto would have been impossible.
This has been a playground only for the super-rich. Who else would have the millions sitting on the sidelines to be able to invest in a painting and buy it outright?
Now even the smallest investor can own the tiniest piece of a work of art. The NFT tied to this purchase would grant complete and absolute ownership beyond a shadow of a doubt, and would also enable the investor to sell their piece of the art on to another investor whenever they desired to do so. 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.
