Blockchain
Olympic Skateboarder Nyjah Huston Launches EDM-Themed VR Experience and NFT Collection
Olympic skateboarder Nyjah Huston and Peeq’s Daniel Benlulu have partnered to launch “Chaotic DJs,” an NFT collection and VR experience inspired by the electronic dance music community. Living on the Ethereum blockchain, the “Chaotic DJs” collection comprises 10,000 tokens depicting a tiger, bunny, wolf or ape. According to a press release, holders can unlock real-life rewards like invites to private parties, music education initiatives and mentorship programs. The NFTs will ultimately function as passes to Chaotic Land, a music festival which Huston and his partners are currently conceptualizing, according to the “Chaotic DJs” roadmap. It’s here where virtual reality comes into play, considering the collection’s website says Chaot...
Momint to Tokenise Iconic South African Coins
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Can Cardano’s July hard fork prevent ADA price from plunging 60%?
Cardano (ADA) has started painting a bearish continuation pattern on its longer-timeframe charts, raising its likelihood of undergoing a major price crash by August. ADA price in danger of a 60% plunge Dubbed the “bear pennant,” the pattern forms when the price consolidates inside a range defined by a falling trendline resistance and rising trendline support after a strong move downside. Additionally, the consolidation moves accompany a decrease in trading volumes. Bear pennants typically resolve after the price breaks below their trendline support and, as a rule, could fall by as much as the height of the previous big downtrend, called a “flagpole,” as illustrated in the chart below. ADA/USD three-day price chart featuring “bear pennant'”setup. So...
Can you earn passive income running a Lightning node?
The prerequisites to run a Bitcoin Lightning node include an amount of Bitcoin to fund your Lightning channel, fiat money to buy the hardware equipment(s), and a Lightning-compatible wallet. Remember that Lightning nodes are non-mining nodes, which means you aren’t mining Bitcoin but are vital to validating Bitcoin blocks. Validation Nodes are the most common name for these. MyNode and Umbrel are two of the most popular specialized hardware options for validation nodes. In just a few simple steps, you can set up a new myNode device. To begin, download the myNode image for your device type and follow the instructions on the download page to flash it to an SD card. After that, turn on the device and connect an external SSD. You’ll be asked to type in your product key. You can sel...
Can Metaverse technology enhance human-AI efficiency?
Conversational AI systems in the metaverse resemble human-to-human communication. Voice assistant AI has found its way to the metaverses of the new era, powering use cases like lifestyle assistance and personalized recommendations. For instance, rather than driving to a travel agency’s office or talking to their overburdened customer service, users can hop on the metaverse and take a tour of multiple awe-inspiring locations with the assistance of an AI-powered bot. An AI concierge in a metaverse is a personified machine that delivers unique recommendations based on the avatar’s preferences. Take into account the amount of data available on every person and you know the potential of this use case. Natural language processing in the metaverse makes it more personal than the real ...
Why cross-chain interoperability matters for DeFi
The modern DEX is designed to take advantage of the benefits of both CEX and DEXs by leveraging innovative technologies to enable more efficient transactions. Since limitations are presented for both the modern CEX and DEX, many propose that for widespread asset adoption, a non-custodial platform that supports assets across many networks is needed. In theory, this experience would enable users to control their funds at all times without giving up the flexibility of a promising user experience. Polkadex has proposed this next exchange iteration as a decentralized peer-to-peer order book-based cryptocurrency exchange. The project aims to become the trading engine of Web3 by combining the advantages of CEXs and DEXs while eliminating the disadvantages of both. To achieve this, Polkadex has ta...
How a DAO for a bank or financial institution will look like
DAOs can provide several services for banks, including asset management, compliance and lending. Banks today are already using blockchain technology for things like payment, clearing and settlement, trade finance, identity and syndicated loans, according to The Financial Times. However, there are still many unexplored areas in banking where a DAO-based model might be useful: Fundraising In the crypto world, initial coin offerings (ICOs) are breaking down the barrier between access to capital and traditional services like capital-raising firms. Likewise, banks can use DAOs to raise capital from a wider pool of investors via ICOs. Loans and Credit Using decentralized technology in banking can eliminate the need for gatekeepers in the lending industry. DAOs provide more secure ways for people...
Are Cryptocurrencies Set to Soar in Africa in 2022?
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This oracle data provider platform has surpassed 4 million nodes since inception
Can a fully-functional oracle network ecosystem that anonymously collects and validates geospatial (location-specific) data exist? One blockchain firm seems to have gotten the gist of the idea. Founded in 2012, XY Labs and its namesake protocol XYO, which is built on the Ethereum blockchain, seek to reward participants for the genesis, interpretation, analysis, and storage of data to be called upon for specific problems. There are currently over 4 million nodes worldwide on the XYO network. In a recent ask-me-anything (AMA) session with Cointelegraph Markets Pro, Arie Trouw, founder of XY Labs, explained that fundamental to the XYO system is a special type of payload called BoundWitnesses. It contains a list of user-input data points that are signed by one or more nodes in the XYO ne...
ICI Bucharest to use Elrond blockchain to develop decentralized domains and an institutional NFT marketplace
On Tuesday, Romania’s National Institute for Research and Development In Informatics, also known as ICI Bucharest (ICI), announced that it would be building an institutional nonfungible tokens, or NFTs, marketplace and a decentralized Domain Name System. Both services will be built on the Elrond (EGLD) blockchain, which is known for its ability to speed up transactions via sharding. ICI was founded in 1970 and is currently the most institution for government-sponsored research in the field of information technology in Romania. It currently supervises the Romanian National Register for Domain Names. As told by Elrond, the initiatives would be the first of their kind within the European Union. One use for the NFT marketplace would potentially be to digitize, access, transfer and ...
Centralized vs. decentralized digital networks: Key differences
A decentralized digital network is not controlled by a central authority. Instead, control is distributed among its users. There is no single server or point of command. Rather, the network is run on a peer-to-peer basis, with each user wielding equal power and responsibility. A great example of a decentralized network is the internet, itself, which is not controlled by one authority. Rather, it is distributed among its users. However, some argue that the internet is moving toward centralization due to the monopoly of big names within the space—Google, Facebook, WordPress and the like. How so? Data is concentrated within these big players’ servers. As such, everything one needs to access online goes through any one of them. So to answer the question, “Is the internet ...
Crypto privacy is in greater jeopardy than ever before — here’s why
Despite the latest technology, the world has yet to crack the code for privacy and security online. But that isn’t the only big problem we need to worry about. Hackers and robbers are tricking innocent users into giving up their private information as society becomes increasingly digital — and virtual currencies have a role in all of this. Cryptocurrencies smashed records in 2022, with the market topping $2 trillion for the first time ever. And while this has been greeted with excitement by current investors, it’s made others more wary. Why? Because as the asset class grows, it becomes more appealing to malicious actors. And for evidence of this, you only need to look at the growing number of users being targets of cryptocurrency robberies. The big question is this: if these cr...
