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The crypto industry is still waiting for its ‘iPhone moment’
The most important innovation that the iPhone brought — which the crypto space needs to gain mass adoption — is the user experience.
When we talk about crypto adoption, we need to recognize the utilitarian considerations of the average person. The vast majority think about cost and utility well before any idealistic concern. Organic food has its place, but it’s a small niche — most people buy food based on its taste and cost. Electric cars struggle because they offer a significant number of practical disadvantages and because they’re generally much more expensive.
Positioning crypto as an amazing tool for financial freedom and decentralization will ring hollow to most people. By far, the most significant reason why people get into crypto now is price gains, not its utility. Crypto is useful in certain applications, such as cheap global transfer of value. But there are many practical disadvantages to using crypto for payments, which mostly have to do with the integration with existing financial rails. The user experience of using crypto to pay for stuff has been, frankly, atrocious — with complicated fees, confirmation times, and difficult units compounding the adoption struggle. Read More
Steam Bans Crypto Games While Epic Games Welcomes Them
The race to the top in the world of blockchain-based games begins. Video game developer and publisher Epic has said it will accept games built with blockchain technology.
The news comes after online gaming store Steam yesterday announced it would ban applications “built on blockchain technology that issue or allow exchange of cryptocurrencies or NFTs."
Epic, which competes with Valve, Steam’s developer, then told The Verge that it would be “open to games that support cryptocurrency or blockchain-based assets."
Epic’s CEO and founder, Tim Sweeney, wrote on Twitter yesterday: “Epic Games Store will welcome games that make use of blockchain tech provided they follow the relevant laws, disclose their terms, and are age-rated by an appropriate group.” Read More
Ethereum Badge App POAP is Scaling Back to Move Forward
Hit with a wave of new users as well as "POAP farmers" taking advantage of the system, POAP is changing things up.
In a case of popularity outpacing scale, the blockchain event badge app POAP announced major changes to its business on Thursday night.
The rapid growth in the number of POAP users, combined with the behavior of "a few bad actors," has led POAP to take a step back.
ok here is the quote about bad actors: "As many of you have likely seen in the Discord and the Telegram, the explosive growth POAP has seen over the last few weeks and months - combined with the behavior of a few bad actors - have left our dev and ops teams fighting a hard battle on two fronts." Read More
BLOCKS: Products Coming To The Decentralized Autonomous Organization
Blocks DAO LLC is one of the newest registered DAO in the decentralized space that promises to provide blockchain solutions to businesses and companies looking for better automation. The business sector is rapidly changing in terms of how enterprises are run, thanks to technology. Companies that are yet to come onboard with present reality and still rely on human endeavors to run an infrastructure are left behind. The rise in technology has enhanced automation and made businesses run far better than before. The BLOCKS intend to provide speedy and secure solutions to enterprises that still utilize old Infrastructure systems affordably. Read More
Cryptocurrencies’ continued adoption puts pressure on governments worldwide, and their reckless money printing has only added fuel to the fire. Now they're rushing to develop their Central Bank Digital Currencies before it's too late. In a previous article, I explained how the implementation of CBDCs could well be part of the great reset plan. Today, we’ll explore a recent report, revealing what features CBDCs will have, how governments plan on rolling them out, and what implications this could have for cryptocurrency.
The report was composed by the Bank for International Settlements or BIS, which is fundamentally the bank for central banks. Its primary role is to facilitate coordination between central banks around the world. Over the last few years, the BIS has been devising a template for Central Bank Digital Currencies or CBDCs to be issued by their respective central banks. Read More
How blockchain technology can pave the way to a new future, explained
Blockchain technology has the ability and the scalability to offer endless opportunities for individuals and enterprises wishing to avail of more secure privacy when it comes to transactions.
Private smart contracts for DApp developers can preserve individual and enterprise privacy protocols and highly scalable infrastructure. Current blockchain technology reaches on-chain consensus in such a way that every operation is repeated by every node in order to verify its validity. This soon makes the blockchain unscalable as the network grows.
The correctness of computation is variable even under malicious majority conditions using information-theoretic Message Authentication Code (MAC), and the privacy is preserved using secret-sharing. With “state-of-the-art multi-party computation protocol” as a layer-two solution, the privacy-preserving computation can guarantee data security on blockchain cryptographically while reducing the heavy-lifting computation job to a few nodes. Read More
Blockchain brings the sharing economy to real estate investing
Crypto adoption in the real estate market could see fractional property ownership becoming more popular.
Fractional ownership of buildings and property developments is becoming one of the adoption areas for blockchain technology in the real estate business. From democratizing access to real estate investment to improving liquidity in the market, there is an argument to be made for tokenization being a net positive for the real estate space.
Tokenization via fractional real estate investment is also another example of the emerging “sharing economy” that seems to be encouraging crowdfunded ownership, a trend that could help to decentralize the global asset market across several sectors. Read More
Platform provides entry into the cryptocurrency world with a decentralized account-model aimed to connect experiences
To showcase the total utility of the blockchain, an ecosystem that creates a single entry point into multiple applications can help users see the technology for more than its cryptocurrency use case.
The majority of blockchain applications are still yet to be widely used in everyday life, despite the technology's ability to provide advanced safety and privacy through encryption. For this reason, adoption of the technology is often placed at a standstill due to the inability of everyday users to see blockchain benefits as more than what cryptocurrencies provide.
Across all industries, information security is becoming an essential consideration, as more and more applications are enabled to help people exchange personal and financial information. Many users have begun raising the question, "Is my data secure?" The blockchain has already proven that data can be securely exchanged in the financial world, but many users still fail to make use of these capabilities in all aspects of data transfer. Read More
Cosmos Announces Sagan; Its Brand New Blockchain
The Cosmos Network has announced that it is building a new blockchain called Sagan to provide developers a platform to experiment with different protocols.
News of the upcoming Sagan blockchain was announced in the first quarterly keynote report, the Cosmos Signal, published on Tuesday by the Cosmos team. The upcoming project is being touted as an experimental “canary network,” borrowing Polkadot’s terminology for the Kusama test network.
The Cosmos team announced the project, saying,
“We’re introducing you to our brand-new chain Sagan that’s already in development for Cosmos. Sagan will allow us to experiment with new initiatives with greater speed and efficiency, adding tremendous value to the entire network. Stay tuned for more info about Sagan soon.” 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.
