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Decentralized Lending Protocol Adalend Listing on: ADAPad, BSCPad, ETHPad, VelasPad, PulsePad Launchpads
While cryptocurrency and blockchain technology is still relatively new, they have been rapidly growing, with companies taking advantage of this new, innovative, and disruptive technology that is reshaping many industries, namely the financial sector.
The lending industry is currently a multi-billion dollar industry, with loans being provided by banks and other financial institutions to individuals and businesses alike; nevertheless, it’s been plagued by trust and transparency issues. The decentralized nature of blockchain technology has led to the rise of a new generation of financing platforms like ADALend, aiming to solve these problems by creating a transparent and trustless platform for lenders and borrowers.
ADALend is a decentralized lending protocol built on top of the Cardano blockchain. The project’s goal is to offer a lending platform that is more decentralized, cheaper, and faster than the traditional banking system, with a sustainable and robust infrastructure that is capable of handling large-scale lending transactions. Read More
Are Blockchains Becoming Centralised?
Since blockchains came into the limelight, critics have sprung up to downplay the importance of a blockchain-powered society. In these situations, blockchain evangelists resort to the ultimate argument that blockchain is decentralized and is, therefore, beneficial.
According to the broader blockchain community, decentralization is the greatest feature of the technology. Sure, Bitcoin may be a store of value, but its real value lies in its decentralized nature.
Running on a decentralized system means Bitcoin is resistant to government censorship. Moreover, there are more participants in the network and multiple points of failure, making service failure and malicious attacks improbable.
These aren’t all the benefits decentralization provides, but you get the idea. Without decentralization, many of blockchain’s touted benefits won’t materialize.
Decentralization is inextricably linked to the identity of the blockchain community. It’s the Holy Grail—an ideal every two and a half blockchains claim to uphold.
However, whether blockchain today is truly decentralized nowadays is up for debate. Read More
Privacy-enabled blockchain expands DeFi to the mass market
New blockchain era led by confidential smart contracts, scalability, and tokenized data.
Technology, although capable of improving quality of life, has eliminated any slivers of privacy. Although a human right, third parties, often big tech corporations, have taken to storing personal data, patterns, and other activities, even selling this data for their profit. Many would agree this problem is only increasing with the prevalence of more personalized “offers.”
Data is the new oil, so it’s particularly important to develop technologies that can utilize data in a privacy-preserving way. Most people give away their data, signing it over to companies by clicking “accept,” not even bothering to read the fine print.
As data becomes more popular, many argue that people should maintain control of their own information and should, at a minimum, be able to monetize their details ahead of a third-party organization. This is partly why blockchain has gained in popularity, with tools that enable complete ownership and control.
The only question left unanswered is the paradox of how openness and auditability, being key to a decentralized solution, can coexist with larger concerns around data privacy. For this reason, parties have begun looking for privacy-focused blockchain solutions. Read More
Cardano Launches Lending Platform Test in Africa, Aims for Full Rollout in Near Term
Cardano developers are testing an enterprise lending program in Africa and aim to have a working product ready for rollout soon.
Input-Output Hong Kong (IOHK) African Operations director John O’Connor says the first loans on Cardano’s “RealFi” system were issued over the weekend.
“First loans to Kenyan [small and medium-sized enterprises] went out over the weekend.
Looking forward to turning this into a product soon so any Cardano holder can generate yield that’s uncorrelated to crypto whilst making an impact.”
According to an IOHK blog post, RealFi is Cardano’s mission to bring decentralized finance (DeFi) to the mainstream. IOHK says it’s looking to create an ecosystem of financial products that remove friction between crypto liquidity and economic activity while giving yield to crypto holders and more accessible credit to everyday people. Read More
Markethive Leading The Way In Web 3 Social & Market Media
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
Pplpleasr’s Shibuya Video Platform Uses Ethereum NFTs to Fund and Shape Films
Part Kickstarter and part Netflix, the platform lets users vote with NFTs to help fund films while also influencing their storylines.
Shibuya is a Web3 video platform built around Ethereum NFTs and tokens.
The NFTs help fund projects and also let holders vote on story decisions.
Web3 gives creators an opportunity to rethink old business models and adopt new ways of bringing projects to life. Artist Emily “pplpleasr” Yang has already tapped NFTs for a number of high-profile projects, but her latest pursuit shifts the focus into the world of long-form video—and how NFTs can help fund ambitious projects.
Officially launched today ahead of tomorrow’s public NFT mint, Shibuya is an Ethereum-powered “direct-to-community” video platform that not only lets creators crowdfund their films and webseries, but also allows backers to have a say in the creative direction of each project.
Think of it like a decentralized, video-centric Kickstarter, only with the added elements of NFT collecting, potential ongoing benefits to backers, and gamification elements. Read More
Ethereum Beacon Chain Surpasses 300K Validators, Over $28 Billion in Ether Deposits Locked
The Ethereum protocol has reached another milestone as the number of Ethereum 2.0 validators has surpassed 300,000. At the time of writing, the Ethereum 2.0 contract has over 9.6 million ether deposited worth more than $28.4 billion.
Ethereum Beacon Chain Validators Jump Past the 300,000 Mark
For quite some time now, Ethereum (ETH) network participants have been preparing to transition from a proof-of-work (PoW) system to a protocol that solely relies on the proof-of-stake (PoS) consensus algorithm.
The Ethereum community has been running a parallel system that leverages PoW and PoS via the Beacon chain and eventually PoW will be phased out. Ethereum’s (ETH) value increased 107% year to date and ether is up 14.1% during the last two weeks. The cost to become a validator today is 32 ether or $94,400 using current ETH exchange rates. Read More
Blockchain could emerge as new operating system for supply chain networks: DTDC
New Delhi: The Indian logistics industry has entered a robust phase of Cloud-enabled digital transformation in the pandemic and DTDC, which is one of the preferred courier brands in India with the largest network of delivery destinations, is now batting for Blockchain-based technology to further boost the supply chain ecosystem.
DTDC is already heavily invested in Big data analytics and the Internet of Things (IoT) where complex data sets are analyzed to improve supply chain performance, revenue, and customer analytics.
The company has also enabled big data analytics to its middle management to increase its branch-level delivery performance in the last mile sector. Read More
Lucrosus Capital CEO Piotr Barbachowski Explains the Benefits of Decentralized Venture Capital
Lucrosus Capital is the first gamified Decentralized Venture Capital (DeVC) providing institutional benefits to individual investors through its own token. Tokenization allowed this project to truly make investing decentralized. Due to the application of unique blockchain features, investments will be accessible with basically no threshold as well as will be anonymous. Everyone who holds the $LUCA token will be able to take advantage of utilities like direct and indirect exposure on investments made by Lucrosus Capital.
Piotr Barbachowski is the Founder and CEO of Lucrosus Capital. He recently joined the Bitcoin.com News Podcast to talk about the benefits of DeVC: Listen to the podcast
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.
