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Cross-chain DEX aggregator provides seamless swaps between major blockchains
Leading decentralized cross-chain app to offer competitive prices and liquidity on cryptocurrency swaps with v2.0 launch.
The success of the Ethereum network has been both a major step forward for DeFi and one backward for scalability.
Now, widespread usage of decentralized apps (DApps) is growing with the hype of NFTs and the metaverse, resulting in a significant number of transactions and, therefore, increased processing times. Ethereum's struggle with scalability and high fees has led to tremendous growth in DApps, users, and capital on alternate chains. Right now, according to on-chain analytics, alternate chains make up more than 45.2% of the total on-chain value.
Forging the path forward is a number of solutions, varying from new networks to Ethereum bridges. While bridges such as AllBridge, AnySwap, and Ronin Bridge are often positioned as a solution to move assets to alternate chains, at present, they come with significant complexity. Users have to deal with the inefficient process of wrapping and unwrapping tokens and sourcing for liquidity. This has become a pain point for both experienced and inexperienced users. Read More
Public blockchain KuCoin Community Chain aims to solve high gas fees on Ethereum
Ethereum’s high gas fees have made it impossible for the network to demonstrate its full utility.
Decentralized finance (DeFi) is booming. But despite the fact that Ethereum (ETH), arguably, the main accelerator of DeFi, achieved its goal of becoming the world’s most programmable blockchain, its widespread usage has also highlighted the network’s greatest weakness –– scalability. Congestion has become commonplace on the network, resulting in high gas fees, making it impossible for projects to run microtransaction payments on Ethereum.
Recognizing the limitations this presents, the DeFi space has actively sought out alternatives, with a direct correlation seen in the rising adoption of on-chain bridge technology. With this model, transactions on an expensive network like Ethereum could be routed through a cheaper network with a bridge, enabling cheaper transaction costs. The result is that the world might be introduced to a more efficient space with carefully crafted bridging technologies, one where once isolated blockchains are now connected to ensure use cases are not limited by network scalability.
A combined effort between KuCoin and the community built around KCS, their native token, addresses these efforts by creating a high-performance blockchain, KCC. Read More
Top Diamond Producer De Beers Deploys Blockchain-Based Platform at Scale
One of the world’s top diamond miners, De Beers, recently said it had deployed a blockchain-based diamond source platform at scale. The platform, which is known as Tracr, gives the so-called sightholders the ability “to provide an immutable record of a diamond’s provenance, and [empowers] jewellery retailers to have confidence in the origin of the diamonds they purchase.”
The launch of the platform at scale comes nearly four years after De Beers launched the R&D phase, a statement released by the company said. The launch also comes in a year when the company has already “registered one-quarter of its production by value on TracrTM in the first three sights of the year in preparation for this first scale release.”
In a statement, Bruce Cleaver, the CEO of De Beers Group, spoke of how the blockchain enhanced confidence in an industry that has been accused of not doing enough to stem the flow of illicit diamonds.
“TracrTM, which will enable the provision of provenance information from source to Sightholder to store on a secure blockchain, will underpin confidence in natural diamonds and represents the first step in a technological transformation that will enhance standards and raise expectations of what we are capable of providing to our end clients,” Cleaver said. Read More
Connecting blockchain with the real economy is this gaming platform’s goal
Blockchain games allow users to connect different versions of their virtual selves with real-world assets.
Blockchain-based gaming has exploded in the last year. As technology continues to transform how users interact with digital assets, gaming has been at the center of all of the action. We have seen the rise of blockchain games without the need for traditional gamers. However, the existing gaming communities are an essential part of the future of gaming. A South Korean gaming company Wemade, the creator of the WEMIX platform, recognizes that blockchain game developers must bring the entire gaming community into the fold when enhancing the overall gaming experience.
The vast majority of gamers would believe that the core components of gaming should focus on entertaining the players. Decentralized gaming platforms have established a reputation for being simple in form, which has hindered mass adoption. By utilizing a mix of both private and public blockchain capabilities, blockchain gaming platform WEMIX has enabled the scalability of blockchain games and allowed blockbuster games to be serviced smoothly. Read More
We have a lot to be grateful for within Markethive. It’s like stepping out of the rat race into an oasis of humanity at its best. As an inbound marketing, business-based blockchain platform with an inherent entrepreneurial spirit, we have all the tools to get our message out to the whole world. We have a social media interface with a collaborative ethos rarely experienced on legacy social media.
We are starting to see new integrations in the blogging section in preparation for the customized, more intuitive interface and dashboard of Markethive and, of course, the Markethive Wallet that will facilitate the Merchant accounts for members as well as personal transactions, the Vault, etc.
The new-look Blogcasting Hub is located at the top of all blogs in the system. Blogcasting is a term introduced by Markethive and is an enhanced broadcasting system. In the traditional broadcasting sense, only the people who physically subscribe to your blog or newsletter are usually notified of your updates via email.
With this blogcasting system, your social networks are informed of your blog as and when you publish them. What this means is the potential reach is into the millions. Read More
Here’s Why Solana (SOL) Is Still the Number One Ethereum (ETH) Competitor, According to InvestAnswers
A popular crypto analyst is highlighting the reasons why he believes Solana (SOL) is still the top Ethereum (ETH) challenger.
The anonymous host of InvestAnswers tells his 436,000 YouTube subscribers that his “Day One Thesis” was that SOL was his Ethereum hedge as he considers Solana the only potential “ETH killer.”
He notes that SOL has less than 1/12th the market cap of ETH but “it’s doing a lot of stuff.”
The analyst also outlines Solana’s potential advantages over Ethereum.
“The strength of Solana, and the reason why I still like it, is that they have the most breadth of DApps [decentralized applications] of any chain out there. They have exponential adoption. Fast, inexpensive, scalable. Despite the outage…
It also has Rust, the most preferred developing language that’s driving the most development activity on any chain. 65,000 [transactions per second]. No need for layer-2s, and SOL DApps have more daily active users than Ethereum DApps, which is kind of staggering, because Ethereum has about 3,000 DApps and SOL has about 750.” Read More
Decentralization is helping to shape the course of scientific research and business
Decentralized science, dubbed DeSci, is creating new markets for knowledge and new opportunities on commercial markets.
New technologies may have rapid, dramatic effects on society, but they may also spread slowly and subtly. Blockchain-powered decentralized science (DeSci) is taking off after some years of gestation. Its impact is being felt not only in the rarified confines of high-tech labs but more broadly in the business world as well.
Paul Kohlhaas, co-founder and CEO of Molecule — a platform for biotech decentralized autonomous organizations (DAOs) founded in 2019 — spoke about pharmaceutical research and its funding on the Zima Red podcast in April. “We believe it could be way cheaper, if it was coordinated in a better way,” Kohlhaas said of pharmaceuticals research. “I think there’s this cultural and bureaucratic problem.”
Kohlhaas compared blockchain in pharma to fintech in banking. “The banking industry has only started evolving in the past 10 years in the wake of fintech, because fintech is starting to really hurt their bottom line and take away customers,” he said.
Molecule allows researchers, biotech companies, and universities to combine data and intellectual property (IP) rights into IP-nonfungible tokens (IP-NFTs), thus creating a new market. The holder of an IP-NFT could solicit funding to continue research activities, or an organization can reach an agreement with the IP-NTF holder to use the data and IP for its own purposes. Read More
First full-cycle Web3 ecosystem enables users to build their metaverse presence
New metaverse platforms are eliminating previously high barriers for businesses and influencers to begin developing their presence in Web 3.0.
A transition to Web3 and the metaverse have been a topic of conversation for a while now, meaning both market participants and ordinary users already recognize the value blockchain can deliver. However, despite the benefits being heavily communicated, the entry threshold is much too high for the average user, often requiring special training, experienced consultants, and other state-of-the-art resources to actually do so.
Consider that in a Web3 setting, monetizing activities, creating games, and holding events incorporates underlying blockchain and token technology, which requires a learning curve for those without experience. Not to mention, the extensive business opportunities are significant as compared to traditional Web2 methods.
WeWay aims to provide this turnkey solution that enables prospective users to seamlessly transition into Web3 through influencer collaborations, NFT monetization and events like concerts. The platform effectively takes shape in four main solutions: Agency, University, Metaverse, and Marketplace. Read More
Elrond Network Integrates with Cybersecurity Firm AnChain.AI, Enhancing Compliance And Fraud Prevention
Elrond Network announced that it has completed an integration with cybersecurity firm AnChain.AI, improving compliance and enhancing fraud detection capabilities across Elrond’s product portfolio.
The integration will allow Elrond Network and the AnChain toolset to provide its on-chain applications, providing large transaction datasets, enhancing the ability to identify and avoid transactions with addresses flagged as illegal activity, while preventing fraudulent attempts by offenders and helping track and recover stolen digital assets.
Beniamin Mincu, CEO of Elrond Network said that:
"We are making decisive steps for the integration of blockchain technology into the global financial system. International financial institutions and national economies can operate and collaborate using our scalable architecture. It is therefore essential that they have access to the highest levels of compliance and fraud prevention." 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.
