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Decentralized Exchange, Polkadex Announces Launch Of Its Long-Awaited Mainnet
The Polkadex development team has announced the upcoming public launch of its long-awaited mainnet, upon which Polkadex products will be built and gradually released. Additional features will be added on the Mainnet by February next year.
According to the announcement, Polkadex, a decentralized exchange built on Polkadex, is planning to launch its mainnet on September 29 giving developers a new platform to build decentralized applications (DApps) atop it. Since its launch in 2018, Polkadex developers have been eagerly awaiting the mainnet, which once launched, will mark a key milestone in the future of the chain and the community behind it.
Once the Polkadex mainnet is launched, any user of the platform will be able to start earning PDEX - the platform’s native token - and run a validator node to secure the network. The blockchain uses the delegated proof of stake (DPoS) consensus mechanism allowing users to stake their PDEX tokens and nominate validators - earning them more tokens. Read More
Blockchain’s role in the supply chain of the future
Businesses are embracing emerging technologies such as AI, ML, Big Data, etc. The supply chain industry has followed suit and implemented automation in processes and operations.
2020 was a whirlwind year for everyone. Despite all of the upheaval, blockchain has continued to make some truly fundamental changes to supply chain management and trade. Businesses are embracing emerging technologies such as AI, ML, Big Data, etc. The supply chain industry has followed suit and implemented automation in processes and operations. By incorporating artificial intelligence, the processes have become more efficient, advantageous, and dependable.
Accepting artificial intelligence has simply facilitated the creation of more productive, valuable, and dependable cycles. With technological advancement and usage of tech like the internet of things helps to increase visibility, enhance customer loyalty and trust by maintaining a transparent supply chain network. Read More
Why China's Latest 'Bitcoin Ban' Is Bullish for DeFi
The latest China "ban" was not entirely new, but had some new details. Now Chinese crypto projects are going underground—and it's all good for decentralization.
Last week, China "banned Bitcoin" yet again, or that's how a large chunk of mainstream news outlets reported it. More accurately, as Decrypt wrote, the Chinese government reiterated that it deems crypto transactions as illegal. (Bloomberg framed it as China "widening" its existing ban on crypto transactions.)
To be fair, it's understandable the media has such a hard time correctly conveying what China has done, because it's confusing every time China re-announces its own crypto guidance, and it sends the price of Bitcoin tumbling each time, which media also rushes to cover. Read More
Miami Mayor: China’s Crypto Crackdown 'Creates Incredible Opportunity for America' in Bitcoin Mining
The mayor of Miami, Florida, sees China’s cryptocurrency crackdown as “the turning point” that “creates an incredible opportunity for America.” He said: “Their loss is our gain and America can and will lead the future by providing a clean power home for bitcoin miners and all who are building on/with/for bitcoin.”
Miami Mayor Sees US Benefiting From China’s Crypto Crackdown
Miami Mayor Francis Suarez, who has been trying to build his city into a bitcoin hub, sees the crypto crackdown by the Chinese government as an opportunity for his city and the U.S. He told Bloomberg:
The turning point is now. It creates an incredible opportunity for America. Read More
Decentralization Empowering People
We live in an increasingly interconnected world with 4.66 billion people connected via the internet. We pay each other, share data, and communicate with each other within seconds. This is all seemingly wonderful, but the truth is we are not connected with each other. Instead, we are connected to centralized multinational companies and data merchants we are forced to trust with everything we do.
It’s a scary reality that most people are living in today; however, decentralization is the future. The transition from centralized platforms to decentralized ones is going to be the most profound and disruptive change we’ll ever see in our lives.
What Is Decentralization?
In short, it is the transfer of control and decision-making from a centralized entity, an individual, organization, government, or company to a distributed network. Decentralized networks reduce the level of trust that people have to place in each other and significantly reduce the ability of any centralized entity to exert authority or control over that Network.
One of the most well-known examples of decentralization is cryptocurrency. This feature is the key reason why it's so valued amongst the crypto community and tech Geeks. No single entity can stop you from transferring Bitcoin to another person.
However, there are numerous examples of people who have had their bank accounts shut down because they bought Bitcoin. So it seems any given bank can dictate what its customers can or cannot do with their money. Read More
Visa working on blockchain interoperability hub for crypto payments
Visa’s new blockchain interoperability project is designed to serve as a “network of blockchain networks.”
Global payments giant Visa has introduced a project that aims to be a “universal adapter” of blockchains that can connect multiple cryptocurrencies, stablecoins as well as central bank digital currencies (CBDC).
According to an official announcement on Thursday, Visa’s research team is working on a “Universal Payment Channel” (UPC) initiative, a blockchain interoperability hub connecting multiple blockchain networks and enabling transfers of digital assets from different protocols and wallets.
“Imagine splitting the check with your friends, when everyone at the table is using a different type of money — some using a central bank digital currency [...] like Sweden’s eKrona, and others preferring a private stablecoin like USDC,” Visa wrote, adding that such a tool “well may be a reality” in the “not-too-distant future” with the UPC project. Read More
Terra to Apply Columbus 5 Mainnet Migration
Terra, a top 15-ranked cryptocurrency by market capitalization, is planning to apply the Columbus 5 upgrade to its mainnet today. If everything goes according to plan, this new update will bring improvements to allow the Terra network to keep expanding. Columbus 5 will change how the network mints UST (terrausd), the main stablecoin of the blockchain, and will also bring integration with other chains, and faster transactions. Read More
Thailand to Develop ‘Cryptourism,’ Considers Issuing Utility Token
In search of ways to heal its travel industry, hurt by the pandemic, Thailand is now recognizing an opportunity to tap into a growing market of cryptocurrency holders. Fostering a “cryptourism atmosphere” is what the country’s tourism agency intends to do, including by minting a new token and facilitating bitcoin card payments.
Tourism Board of Thailand Plans to Employ New Coin to Spur Demand From Crypto Market
Pondering how to capitalize on the expanding global crypto user base, the Tourism Authority of Thailand (TAT) has pitched the idea of issuing its own utility token dubbed TAT Coin. The Bangkok Post revealed on Wednesday that the body wants to examine relevant regulations and the viability of such a project before embarking on the initiative. Read More
Cardano Secures $100,000,000 Investment To Rapidly Expand DeFi and NFT Solutions
The Cardano (ADA) ecosystem is getting a major investment from blockchain tech firm EMURGO.
In a tweet, EMURGO says it is injecting $100 million into the Cardano ecosystem via an investment vehicle to bolster development in several key areas, including decentralized finance (DeFi) and non-fungible token (NFT) technology. Read More
Nifty News: DJ Paul Oakenfold to launch album on Cardano, NFL confirms NFTs and more
The NFL has officially confirmed its partnership with Dapper Labs to drop NFTs, renowned DJ Paul Oakenfold is dropping a tokenized album on Cardano, DC is giving away free comic book cover NFTs.
Cardano’s daggy dad turns DJ - Cardano founder Charles Hoskinson has teamed up with legendary electronic dance music (EDM) DJ Paul Oakenfold to launch a tokenized album on Cardano.
Oakenfold is a three-time Grammy Award nominee and his career in the music industry spans back to the early 1980s. His upcoming album dubbed “Zombie Lobster” was announced during the Cardano summit on Wednesday.
Every aspect of the album will be tokenized on the Cardano blockchain, including cover art, tracks, sleeve notes, and remixes. The album is part of a release from an NFT project named “Starship Universe,” which is operated by music entrepreneur Alon Shulman, who manages DJs such as Carl Cox. 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.
