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New Developments Happening in the Blockchain Space - October 18th

Posted by Simon Keighley on October 18, 2021 - 7:44am

New Developments Happening in the Blockchain Space - October 18th

New Developments Happening in the Blockchain Space - October 18th

Image Source: Pixabay


Cryptocurrency and blockchain jobs listings skyrocket in 2021

Indeed says the success of the cryptocurrency industry has resulted in a 118% jump in career postings for work in the field compared with last year.

According to a new Indeed report, queries for careers in crypto and blockchain have significantly spiked, which it said is partly due to the rapid price gain of the most popular cryptocurrencies.          

Among Indeed's key findings is that postings for crypto and blockchain careers leaped 118% as of July 16, 2021, compared with around the same time last year. 

What's more, the study said its data shows "the industry is maturing" given that it has seen an increase in crypto job postings that reach beyond listings for functions such as mining digital coins or trading various digital currencies, but also ones in finance, marketing, human resources, and accounting. Read More


 

Solana: A fast-growing crypto ecosystem

Solana, one of the fastest blockchains in the world today with high throughputs, is currently a top 10 cryptocurrency.

Solana is a decentralized blockchain-based computing platform that uses SOL (its native token) to pay for transactions. It is similar to Ethereum with a different technical base programming language called Rust, which developers can use to build applications. 

One of the prominent features of Solana is its scalability with the ability to process over 50,000 transactions per second (TPS), compared to 30 TPS in Ethereum. It achieves such speeds with a combination of consensus algorithms - Proof of Stake and Proof of History.

SOL, Solana’s native token, is used for paying transaction fees and staking to support the network. It is also used to perform micropayments known as lamports. Read More


 

Stripe Exploring Blockchain, Builds Team For Crypto Payments

Financial technology firm Stripe, a leading payments solutions provider in the U.S. as well as other regions, is now re-exploring blockchain integration with its services.

The firm, which began its foray into crypto with Bitcoin back in 2014, later withdrew support for the alpha cryptocurrency, citing slow transaction times and soaring transaction fees. Stripe later added that it was concerned that a viable crypto payments integration was not on the horizon, because, at the time, the development of the Lightning Network was still ongoing.

Stripe also cited the potential of projects emerging from or in parallel to the Ethereum blockchain, although at the time, decentralized finance had not yet matured to what it is now. Read More


 

Airdrops, DAOs, token issuance, and public domains are the next frontier for NFTs

Innovation in the NFT space moves about as fast as the prices. Here’s a rundown of the most recent developments.

Volatility continues to be the name of the game for nonfungible tokens (NFT) amid the rollercoaster valuations and volume surges, but a new trend appears to be emerging in the sector. 

Aesthetic appeal aside, for many investors, buying an NFT is akin to casting a bait-laden hook into an opaque body of water and hoping that a fish bites. Sure, when the Bored Ape Yacht Club was listed, some buyers thought “They look cool” and “The community is really strong and dedicated,” but these aren’t really hard valuation metrics that can be backtested and applied across most assets in the NFT market. Read More


 

Evergrande - A Potential Global Contagion. Will It Impact Crypto?

There have been major headlines, and a lot of talk and speculation concerning the Chinese developer, the Evergrande Group, and its demise and potential collapse it is facing. Could we be on the verge of another Lehman Brothers moment? An uncontrolled default of the Evergrande group could lead to a credit crunch, implicating all financial markets globally. But what about crypto? Read More

 


 

Coinbase follows FTX and Binance in launching NFT marketplace

With 68 million verified users and 8.8 million monthly active users as of Q2 2021, Coinbase’s entry into the NFT industry could provide competition for established marketplaces like OpenSea.

In a Tuesday blog post, Coinbase vice president of product and ecosystem Sanchan Saxena said the nonfungible token, or NFT, marketplace would allow its users to mint, purchase, discover and showcase Ethereum-based tokens. According to Saxena, the offering will allow creators to maintain control of their artwork “through decentralized contracts and metadata transparency,” with all NFTs on-chain.

The Coinbase announcement comes following crypto exchange FTX and its United States-based subsidiary introducing a marketplace wherein users are able to trade NFTs cross-chain through the Ethereum and Solana blockchains. Binance, the world’s largest crypto exchange, entered the NFT market in June by launching a marketplace aimed at minimizing transaction costs. Read More


 

DeFi Vs. CeFi, And The Perfect Partner For Scaling The Decentralized Ecosystem

The CeFi-DeFi debate will never get old until there is a clear action-backed definition of the DeFi ecosystem and where it is heading. While there is a high-level potency in the CeFi ecosystem, there is more to benefit from the DeFi ecosystem, but we have done little to prove this point.

The crypto community will continually nurse little skepticism in the future of DeFi. And while developers and organizations are hopping onto decentralized finance for its benefits, it will keep looking like a bubble.

One way to prove otherwise is by adapting decentralized finance and tech to solve more real-world problems through solutions that can help change CeFi to DeFi while maintaining the core values of the decentralized system. Let’s learn more about this. Read More


 

Momento And Raiinmaker Have Joined Forces To Launch An NFT Collection Featuring A “Together Is Better” Approach

Dubai, United Arab Emirates, 13th of October: Momento, a DeFi and NFT project, has recently announced a strategic partnership with Raiinmaker, a blockchain-based social engagement platform, to support several animal welfare organizations by creating special non-fungible tokens (NFTS).  The company has joined forces to create digital art, with tokens tied to the NFTs as a way for users to earn additional rewards. Read More


 

Bringing blockchain, AI and privacy-preserving computation together is the 2.0 version of this network’s white paper

There may only be one thing standing in the way of advanced artificial intelligence, a decentralized privacy-preserving computation network.

Artificial Intelligence (AI) is quickly proving how it can change the landscape of society today. With more data comes greater opportunity to turn data analysis into a method for strategic decision-making and unlock new user experiences.

Although the applications of AI are many from knowledge reasoning to game playing and even extending as far as machine learning, new vulnerabilities are becoming apparent with private and sensitive information. Many of the world's technology giants in the United States and China have accumulated massive amounts of data through existing internet services in AI development. However, the more "intelligent" AI is, the more personal the information that needs to be acquired, managed, and studied, raising the question of the ethics behind privacy protection. 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 other advice.

 

 

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Simon Keighley Thanks for reading about the latest developments, Andries.
October 18, 2021 at 10:25am
Andries Van Tonder great share Simon...thank you
October 18, 2021 at 10:17am