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Security Should be at the Heart of Crypto Ventures, HashCash CEO Says
The skyrocketing number of digital asset services shows increased crypto awareness and adoption, which necessitates heightened security features, according to HashCash Consultants CEO Raj Chowdhury.
With a notable portion of the global population gearing up to cryptocurrencies as an alternative payment ecosystem, Chowdhury believes security feature updates are prudent to safeguard crypto wallet owners from external hackers.
He noted:
“The growth in global crypto adoption is an indicator of the people’s dissolution with conventional finance systems. The volatile crypto markets attract traders seeking huge returns, while increased security integrations protect the wallet-stored assets from cybercriminals.”
According to a recent report by blockchain analytic firm Chainalysis, North Korean hacks on crypto platforms increased seven times after digital assets worth nearly $400 million were looted.
Chainalysis added that individual crypto hacks emerged because of malware available on the darknet. Read More
The blockchain projects making renewable energy a reality
“Blockchain is the building block for a whole new internet. It‘s whole new era where you can take the sun‘s rays and turn it into a currency.”
Much has been said about Bitcoin‘s carbon emissions. Far less has been said about the potential of blockchain to increase the efficiency of renewables by transparently managing supply and demand. Blockchain doesn‘t pose a threat to the planet — it’s going to play an essential role in helping to bring about a net-zero carbon emission economy.
It is a few years in the future: You are sitting on your sofa, having a nice coffee after loading the washing machine. You’ve switched it on but, of course, the Internet of Things-enabled machine checks prices and will run when it hits a cheap electricity window. The Tesla outside in the drive is fully charged, you don‘t have any plans to go any further than the supermarket today, so the battery is available to sell its energy back to the grid and deposit tokens in your energy wallet if the electricity grid requires power.
Back to today.
Energy and electricity, in particular, are vital to our society. The grim effects on Texas in the 2021 freeze — where more than 4.5 million homes and businesses were left in the icy dark, causing misery and 246 deaths — showed us how vulnerable all our systems are to trouble with the electricity supply. Read More
Polkadot Parachain Parallel Finance Deploys Full Suite Of DeFi Capabilities
The Polkadot and Kusama parachain hub Parallel Finance made a big splash in the DeFi space today, launching no less than six new products in one fell swoop.
The new products have been launched on Heiko Finance, which is Parallel Finance’s deployment on Kusama, a public pre-production environment of the main Polkadot chain. They mark the realization of Heiko’s vision as an integrated DeFi parachain, with each one being naturally interoperable and efficient thanks to the functionality of the Substrate chain that underlies them, Parallel Finance said.
Later, the new products will all be launched on Polkadot’s ecosystem, which will happen once they’ve proven their capabilities.
Parallel Finance is a decentralized money market protocol that offers lending, staking, and borrowing in the Polkadot ecosystem. It’s aiming to give investors a way to unlock illiquid DOT tokens that must be staked for a two-year period to secure a Polkadot parachain. Read More
Dusk Network Publishes New Economic Model Paper Detailing Improved Token Economics
Emanuele Francioni, consensus architect of Dusk Network, has written an updated economic model paper that details how the Dusk team has made significant strides in improving the capability and efficiency of the protocol, as well as lays out the token economics of the Dusk Network infrastructure.
Prospective node runners can stake their DUSK tokens in order to become provisioners, thereby performing an important role in the network’s consensus algorithm.
The Dusk Network’s high-performing Succinct Attestation Consensus Mechanism provides clear and final settlement of transactions. This is extremely important for financial use cases, which cannot use the proof-of-work consensus mechanism. Read More
Innovations that will change the way we work and interact online.
The Markethive Social Market Broadcasting Network becomes more prominent daily as the blockchain-driven ecosystem for entrepreneurs with a non-adversarial, bi-partisan free speech ethic and the collaborative culture we rarely see on social media platforms today. Even the newer acclaimed, free speech platforms are partisan to the left or right and deal with de-platforming and boycotts from payment providers.
It’s widely notorious that the actions of the tech giants have divided nations and are the source of countless societal harms, including rampant censorship, promoting violent extremism, spreading false information, and unfairly stamping out its competition.
Markethive Goes Next Level:
Known for its evolutionary and innovative ethos, Markethive continues to expand its decentralized “all-in-one” platform with the development of a unique news feed interface that completely embodies the user experience (UX) in the framework of “don’t make me think.” A concept brought to light by author Steve Krug, a usability expert, cites that usability is fundamentally about human psychology. Read More
The metaverse will change the paradigm of content creation
The metaverse is a new frontier for business, and creators will be the first to benefit from showcasing products and services to followers.
Content constitutes the essence of the internet and comes in many different forms that the current Web2 internet iteration supports — text, audio, video, or a mix of all three. However, content is scarcely a free resource. It is content creators who are now becoming opinion leaders, influencers and the cornerstones of so many of the critical services businesses rely on, such as advertising, marketing, and public relations management.
The need for content and its strive for independence — embodied by thousands of bloggers and indie performers — has spawned an immense online economy that trades talent and often rakes in sales volumes many a top-level artist would salivate to earn. This economy has been dubbed the creator economy: a financial framework that allows independent individuals to earn on their self-expression by feeding audiences the type of content they are willing to pay to consume. Read More
Metaverse for education: How virtual reality can help schools and colleges
The metaverse is a digital landscape that participants can use to build their own virtual environments. It’s also a space for users around the world to connect in a more human way than other methods.
The metaverse presents a brilliant method of virtually interacting with others all around the world. Anyone, anywhere can put on a virtual reality headset or utilize their web browser to log in to a virtual space and communicate with others face-to-face.
It’s best to think of the metaverse as a virtual recreation of the real world, one that users and developers can customize to their heart's content, building anything from a metaverse school to virtual sports arenas on properties that they own. And in a world that’s becoming geographically divided due to pandemics and other disasters, it represents a way for families and friends to interact in ways unlike anything seen before. Read More
Inside the blockchain developers’ mind: How to avoid development hell
Developing the blockchain framework has always been incredibly challenging. Let’s dive into the ways how to end these difficulties.
Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind, written by Andrew Levine of Koinos Group.
We recently released the third and final version of the Koinos testnet, which is why I want to talk about something few projects like to talk about: Building blockchains is development hell. In this article, I’ll explain why and how other developers can avoid getting stuck in it.
At first blush, building a blockchain doesn’t sound so hard. A blockchain is just a combination of well-established cryptographic primitives, which, when properly implemented, allow for the construction of a ledger containing a verifiable history of transactions by a network. The more decentralized the network, the more trustworthy the history. Read More
Old but gold: Can digital assets become part of Americans’ retirement plans?
Unsurprisingly, the role of crypto in retirement investment will depend on the asset class’ mainstream adoption.
On March 11, the United States Department of Labor warned employers that sponsor 401(k) retirement plans to “exercise extreme care” when dealing with cryptocurrencies and other digital assets, even threatening to pay extra legal attention to retirement plans with significant crypto investments.
Its rationale is familiar to any crypto investor: The risk of fraud aside, digital assets are prone to volatility and, thus, may pose risks to the retirement savings of America’s workers. On the other hand, we are seeing established players in the retirement market taking steps toward crypto. For one, retirement investment platform ForUsAll decided last year to implement crypto as an investment option for 401(k) fixed retirement accounts in partnership with Coinbase. Is this the beginning of a larger trend? 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.
