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Without quantum security, our blockchain future is uncertain
Could the decentralized world built on blockchain technology win the battle with a large-scale quantum computer of the nightmares?
News that two teams of Chinese scientists have achieved quantum advantage — a technical term for when a computer can perform functions beyond that of a classical computer — may be the signal that we have truly entered a new era. While Google’s 54-qubit quantum processor, Sycamore, became the first widely known example of early-stage quantum computing, the latest news out of the University of Science and Technology of China in Hefei is the best proof yet that we have crossed the information rubicon. Read More
Why are major global brands experimenting with NFTs in the Metaverse?
It is the integration of nonfungible tokens into the Metaverse that has initiated the transformation of our interactions in virtual worlds.
Blockchain is a core technology that differentiates itself from other technologies by having solved the double expense with the emergence of the Bitcoin blockchain in 2008. Nonfungible tokens, or NFTs, were driven by blockchain technology which brought scarcity and interoperability to nonfungible tokens. But, what do blockchain technology and NFTs have to do with Metaverse? Why are large companies experimenting with NFTs in Metaverse? Read More
Adapt or die: Venture capital vs. crypto, blockchain, DAOs, and Web 3.0
Venture capital cannot just stick to its existing structures and processes if it wants to remain relevant in the new Web 3.0 era.
We have seen a steep adoption of crypto-based systems this year, including decentralized finance (DeFi) applications, nonfungible tokens (NFTs) such as digital art, crypto-centric gaming, and increased adoption of cryptocurrencies as investment and payment tools. One of the more recent developments is the emergence of decentralized autonomous organizations (DAOs).
DAOs have existed since 2016, when The DAO organization, a new form of investment vehicle that attracted a sizable portion of Ethereum (ETH) tokens, raised more than $150 million at the time. Many saw The DAO as the ultimate form of human coordination. Yet, due to a reentrancy exploit, hackers stole $50 million of the organization’s funds. Read More
The Bitcoin network welcomes Taproot soft fork upgrade
The Taproot soft fork introduces the concept of Merkelized Abstract Syntax Tree (MAST) to improve the scripting capabilities and privacy of the Bitcoin network.
The Bitcoin network successfully activated the Taproot soft fork following a 90% lock-in consensus from miners and mining pools between blocks 709,488 and 709,632. The milestone signifies the first major upgrade for Bitcoin since August 2017, which saw the launch of Bitcoin’s leading layer-two solution, the Lightning Network and Segregated Witness (SegWit).
The Taproot upgrade aims to improve the scripting capabilities and privacy of the Bitcoin network. To do this, the soft fork introduces the concept of Merkelized Abstract Syntax Tree (MAST). According to a Taproot-dedicated website run by prominent Bitcoin developer Hampus Sjöberg:
“[MAST] can help make smart contracts more efficient and private by only revealing the relevant parts of the contract when spending.” Read More
A token that is only a medium of exchange has a very strong chance of falling victim to price manipulation. Alternatively, Markethive has in place, numerous velocity stabilizers including staking, (The Vault), network utility expansion, and the fact it is a cryptocurrency coin, will keep the balance of velocity. This ensures that the velocity is maintained for the initial and long-term price of MHV and is indicative of a healthy Markethive Ecosystem. A strong economy will in turn sustainably increase MHV’s price.
Coins or Tokens that are structured to capture a significant portion of the economic value generated by the network will reward both the investors who took on early-stage risk as well as the platform who can continue to fund development through the retention of now valuable tokens.
There is a huge market looking for what Markethive does. Read More
The stablecoin boom won’t continue without decentralized interoperability
Universal interoperability is the missing piece that can unlock stablecoins’ and CBDCs’ potential for the global digital economy.
Stablecoins are the cornerstone of the digital asset marketplace with a market cap of over $100 billion. Governments are already putting considerable resources in being up to speed with the trends. A November 2021 report published by the United States President’s Working Group on Financial Markets details the various measures to ensure stablecoin regulation is implemented within government guidelines. A global central bank survey by the Bank for International Settlements (BIS) shows 86% of central banks are now actively engaged in some way with central bank digital currencies (CBDCs), a government-backed form of a stablecoin. Of this cohort of central banks, seven have now officially launched CBDCs, while 17 more are in the pilot phase, according to the Atlantic Council CBDC tracker.
Like all cryptocurrencies, stablecoins rely on blockchain technology to support peer-to-peer (P2P) digital transactions, giving them the bearer-instrument and final-settlement properties of cash. This underlying decentralized infrastructure holds promises such as faster transactions, lower settlement costs, enhanced transparency, and increased control for end-users. Read More
Bitcoin’s Biggest Upgrade Since 2017: Taproot Just Went Live
A long-awaited upgrade to the Bitcoin network is finally here. The new protocol, Taproot, preserves privacy on the Bitcoin blockchain by obscuring complicated transactions. It also makes them cheaper and more lightweight.
The upgrade, which was locked in on June 12, is seven years in the making. It combines complex transactions with simple ones without bulking out the blockchain.
Taproot does this by replacing Bitcoin’s current signature protocol with Schnorr signatures. These are faster signatures that boost Bitcoin’s transaction privacy and make it easier to implement lightweight smart contracts. Read More
Popular Tezos NFT Marketplace Discontinues Services Without Explanation
After becoming one of the top non-fungible token (NFT) marketplaces, the Tezos-based NFT market Hic et nunc has discontinued its services. After more than $50 million in all-time sales on the market, Hic et nunc’s creator has not disclosed why the NFT marketplace was shut down.
A popular non-fungible token (NFT) marketplace that leveraged the Tezos network has closed down its business and has not explained why. The now-defunct NFT market is called Hic et nunc and it was one of the top twenty NFT markets in terms of all-time sales. At the time before its closure, dappradar.com metrics show Hic et nunc was the 14th largest NFT marketplace in terms of all-time sales. Read More
Top US Crypto Exchange Coinbase Adds New Feature Allowing Users To Share Portfolio With Others
Crypto exchange titan Coinbase is adding new features to its trading platform.
According to a company blog post, Coinbase is launching a way for users to share the details of their crypto portfolio with others.
“We’re making it easier to share information around your assets, such as price changes or portfolio allocations.
Simply tap the ‘share’ button in the Coinbase app on any asset price page or your portfolio page and share these asset pages with your private network or on your social network.”
Coinbase clarifies that account balances will never be shared between users. 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.
