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Blockchain aims to cut transaction times in half
Blockchain technology specialist Coadjute has formally launched in the UK with the aim to provide a real-time network to speed up property transactions. Launching with the first live property deal on the network, a 3-bedroom house, Kent, Coadjute has ambitions to reduce the 5-month average process for buying and selling property by half.
Seven of the most respected software companies in the property industry – including Osprey Approach, Redbrick Solutions, and conveyancers AVRillo – have already signed up to the award-winning Coadjute network and it has the full backing of the Land Registry. Read More
The Regulation Race: Why Singapore and Switzerland Are Competing To Give Crypto a Home
States across the globe have been trying to woo crypto companies into setting up shop in their territories. Here are the top contenders.
Three countries have emerged as leaders in creating crypto-friendly regulations.
Switzerland has emerged as a hub for protocols, whereas Singapore has dominated Asia's fintech scene.
Previous front-runners, Estonia and Malta have made it harder for crypto companies to establish themselves in those respective countries. Read More
What sets Cardano Foundation’s first-ever NFTAs apart from regular NFT?
Cardano [ADA] has seen an explosive period of growth. This time, it has come up with the world’s first NFTAs. Not one, not two, but a total of ten NFTAs.
Thanks to its ambitious roadmap, the Cardano protocol has managed to capture the minds of the community as it works towards positioning itself as the “Internet of Blockchains”. And to celebrate the launch of the brand-new developer portal, Cardano Foundation has come up with a rather interesting course of action that includes dipping its toes into the world of non-fungible tokens.
But there’s a twist. The organization has minted the world’s first NFTAs, minted on the Cardano blockchain. 10 to be precise. These are non-fungible tokens of appreciation. According to the foundation, the NFTAs in question is based on a thumbs-up photo of a Cardano community member approving the developer portal. These NFTAs will act as campaign visuals to endorse the portal. Read More
Blockchain Technology Market Projected to Cross $27 Billion By 2025
SpendEdge, a firm specializing in procurement and sourcing of market intelligence, predicted that the blockchain technology market will register increased spending between 2021-2025, which will eventually amount to $27.68 billion. The projection was a part of the firm’s Procurement Intelligence Report, which is designed to help buyers identify the most suited tech suppliers in the blockchain domain.
The report has profiled some leading blockchain tech suppliers like Microsoft, IBM, Deloitte, Capgemini, Accenture, and Infosys in detail to assist potential buyers with decision making. These providers have been selected based on a proven track record in blockchain implementation, scaling abilities, and innovation potential. Read More
What Is The Difference Between A Token And A Coin?
Firstly, let’s set the stage to determine what the terms Coin and Token really mean. They are often used interchangeably however they are fundamentally different. A crypto coin such as Bitcoin, Ethereum, and Markethive Coin have their own Blockchain, otherwise known as an Independent Distributed Ledger used for transactional purposes. Coins have the same characteristics as money. They are fungible, divisible, acceptable, portable, and durable with a limited supply.
Tokens are a representation of a particular asset or utility. It usually resides on top of another blockchain. Generating a token does not require creating a blockchain from scratch. They are fundamentally made possible through a smart contract and are created to fund project development or start-up company as is the case with the Markethive ILP. (Incentivized Loan Program)
To sum it up, coins are a method of payment, while tokens represent a company’s share or provide access to a product or service within the company. Coins are fundamentally currencies that are used for buying and selling things. You can buy a token with a coin, but you cannot buy a coin with a token.
Coins operate independently while a token has a specific use in a project's ecosystem. Read More
BTC-Secured RSK Unveils Decentralized Sharing Economies
Amidst the meteoric growth of DeFi infrastructure on Ethereum, the RSK smart contract blockchain is enabling the development of faster, easier, and highly scalable dApps on top of the Bitcoin network.
RSK Positions Itself As A Leading L2 Platform On Bitcoin Network
The rapid appreciation in the value of cryptocurrencies has led to rampant speculation, with hundreds of DeFi applications flooding blockchain networks. Ethereum may currently hold the lion’s share of DeFi, but BTC network-based smart contracts like RSK now facilitate the growing demand for DeFi on the Bitcoin network. Read More
In Search Of Greener Alternatives To Proof-Of-Work
The energy efficiency of cryptocurrencies has been a hot topic of late, with Proof-of-Work blockchains like Bitcoin criticized for their high energy consumption compared to greener alternatives.
Is Proof-Of-Stake The Solution?
To win the right to add a new block of transactions on a chain, miners on PoW networks compete to solve complex mathematical puzzles. Miners are encouraged to expend increasing computational energy to be the fastest to solve the problem and earn the block reward. Unlike such Proof-of-Work based consensus systems such as Bitcoin or Ethereum, Proof-of-Stake blockchains do not depend on energy consumption - thought to be as high as the annual consumption of countries like Austria in the case of Bitcoin - to secure their networks.
Instead, PoS uses economic incentives based on staking or locking up tokens on the network in return for a share of the block rewards and slashing or seizure of those tokens if stakers misbehave. This usually means running a computer node on the network known as a validator, akin to miners in PoW, or by delegating staked tokens to such validators. To put it another way, rather than using computational power expended to determine the next block producer, PoS block producers are determined by ownership of the token supply, pseudo-randomly electing nodes proportionally based on stake and time staked. Read More
New Samsung service Paperless adds document disposal to enterprise blockchain
Samsung SDS, the information and communication technology (ICT) arm of Samsung, launched a new service named Paperless to provide reliability and transparency of documents in a cloud environment.
Launched as a cloud-based blockchain-as-a-service (BaaS) solution for enterprises, Paperless manages sensitive documents such as contracts, consent forms, and certificates on blockchain to prevent forgery and falsification. According to the official announcement, the new service can be used in various fields such as voting or tasks that require various proof documents.
Paperless also enables the management of documents that need to be disposed of after a certain period by encrypting and storing sensitive or large-volume data in a separate server, only keeping the hash value of each data on the blockchain. Read More
Coinbase Connects Wallet to Polygon Network For L2 Scaling
North American cryptocurrency exchange giant Coinbase is keen to embrace layer 2 scaling technologies with its latest move to integrate the Polygon Network.
In an announcement on the company blog on July 13, Coinbase stated that the Polygon Network is now available on the Coinbase Wallet mobile app and extension, and more scaling solutions are coming.
Coinbase claims that more than a million of its wallet customers are using DeFi protocols such as Uniswap, Compound, and Aave, and NFT platforms like OpenSea and Zora.
It also acknowledged that transaction fees on Ethereum have been pretty high lately, and there have been long waits for confirmations when the network has been under heavy load. Combining this with Coinbase’s own excessive fees makes using the exchange an expensive procedure. 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.
