Tagged: decentralization

Binance Alum Fetch.ai, a Blockchain focused AI Firm, to Support Application Developers with Autonomous Economic Agent Registry

AI and machine learning network Fetch.ai has unveiled an outcome of its developer engagement project, which aims to make it easier to develop applications and related services on top of the Fetch.ai network. The Fetch.ai team noted that they’ve built what they call an “Autonomous… Read More

Renewable Energy Now Powers Nearly 40% of Proof of Work Cryptocurrency Mining: Report

  Full-time equivalent employee growth in the blockchain and digital asset sector has slowed down following the 2017 cryptocurrency bull market, according to the findings of the 3rd Global Cryptoasset Benchmark Study by the Cambridge Centre for Alternative Finance (released in September 2020 by the… Read More

Blockchain Platform XinFin Integrates Chainlink (LINK) which Offers Secure Decentralized Oracles for Reliable Financial Data

The developers of the XinFin [XDC] Network, an open-source, hybrid blockchain platform, have announced that they’ll be integrating their platform with Chainlink (LINK) Oracles in order to power several new trade finance use cases. Chainlink offers a market-leading decentralized oracle network. The platform has grown… Read More

Bitcoin (BTC) Wealth has Become More Evenly Distributed with Smaller Accounts Holding Greater Proportion of Supply: Report

During its 11 years of existence (since the first Bitcoin block was mined), BTC has been able to survive many “threats,” mainly because there’s no single entity controlling the world’s largest cryptocurrency network. As explained in a report from Coin Metrics, this trait, called decentralization,… Read More

Ethereum Is a High Inflation Chain “Controlled by a Cartel that Won’t Upgrade Scalability of Protocol,” According to Brendan Blumer, CEO at Block.one

Brendan Blumer, CEO at Block.one, the company behind the development of EOS, one of the largest platforms for building decentralized applications (dApps) that’s funded by a record $4.1 billion+ token sale from 2018, points out that Ethereum (ETH) is too slow. Blumer notes that conducting… Read More

Ethereum Blockchain focused Developer ConsenSys Is Also Addressing Fintech related Issues, Industry Exec Explains

Lex Sokolin, the Global Fintech Co-Head and CMO at ConsenSys, confirms that the organization recently acquired Quorum from J.P. Morgan. Quorum is a platform that serves as a private, enterprise version of Ethereum (ETH). As covered, ConsenSys has also received an investment from J.P. Morgan…. Read More

StakeHound Introduces the “Best of Both Worlds” by Issuing “Stake-backed” DeFi Tokens for Generating Liquidity and Yield

StakeHound, which issues crypto tokens that allow users to access decentralized finance (DeFi) while being able to earn staking rewards, claims that it has developed “stake-backed” tokens so that digital currency traders can enjoy “the best of both worlds: liquidity and yield.” StakeHound’s management noted… Read More

Researchers from Protocol Labs Explain how the Drand or Distributed Randomness Project can Help with Cybersecurity, Election Audits

David Dias, research engineer at Protocol Labs and the drand project lead, along with Nicolas Gailly, research scientist at Protocol Labs and the original author of drand, recently explained how they’re developing randomness solutions that are able to generate random numbers. This is important because… Read More

Blockchain Platform Ontology (ONT) Aims to Establish Trust in the Automotive Sector with Decentralized Digital ID Solutions

The developers of Ontology (ONT) have noted that they’re focused on establishing trust in the automotive industry through the implementation of a blockchain-enabled, decentralized digital identity solution that allows driving data to be recorded, stored, and verified in “a safe and secure” manner. The developers… Read More

Yearn.Finance’s DeFi Token, YFI, is Worth 15% More than Bitcoin (BTC), Messari Argues it’s Still One of the Cheapest Tokens

The team at Messari, an online database for the digital asset sector that offers key data insights, pricing, and research on cryptocurrencies, has argued that Yearn.Finance’s YFI token is one of the least costly or reasonably priced assets in the emerging decentralized finance (DeFi) sector…. Read More

Billion Dollar DeFi Protocol Aave Awarded Electronic Money Institution License by the UK’s Financial Conduct Authority

The Aave protocol, an open-source and non-custodial DeFi protocol to earn interest on digital asset deposits while also being able to borrow assets, has been awarded an Electronic Money Institution (EMI) license by the UK’s financial regulator, the Financial Conduct Authority (FCA). Aave Ltd received… Read More

Qtum Foundation Announces $1 Million and “Up to” $5 Million Blockchain Grant Program to Support DeFi Developers

The Qtum Foundation, which supports the ongoing development of Qtum (QTUM) (an open-source public blockchain-enabled platform that leverages the security of UTXO while enabling several virtual machines including the Ethereum Virtual Machine), has announced a special grant program for DeFi (decentralized finance) developers. The Qtum… Read More

About 40% of Blockchain Users Say they’re Curious and Learning about Decentralized Finance or DeFi, 32% Say they’re Unfamiliar with it: Survey

Blockfolio, which provides blockchain and crypto industry updates with detailed pricing, market data, news, and direct updates from key players, reveals that 32% of people responding to a survey said they do not know anything about decentralized finance or DeFi. The Blockfolio online survey, which… Read More

Ethereum (ETH) based Decentralized ID Smart Contracts are being Developed by Creators of High-Performance Blockchain, Ontology

Ontology (ONT), a high-performance or “high-throughput” blockchain platform with a market cap of over $510 million according to CoinGecko data, revealed on August 14, 2020 that it has completed the development of the next stage of its open-source DID smart contract – which has been… Read More

Over $4 Billion Now Locked into Nascent DeFi or Decentralized Finance Market, with Open-Source Lending Protocol MakerDAO Leading the Way

The decentralized finance (DeFi) sector continues to experience significant growth, as the total value locked in its markets has surpassed $4 billion, according to DeFi Pulse data. DeFi markets leverage blockchain or distributed ledger technology (DLT), crypto-assets, and smart contracts (automated business logic), in order… Read More

Proof of Stake Blockchain Project Cardano Launches Shelley Mainnet After Over 5 Years of Peer Reviewed Development

The Cardano blockchain completed a “historic” hard fork (backwards incompatible upgrade) on July 29, 2020 – which initiated the launch of the highly-anticipated Shelley mainnet (main or production ready network). The open-source blockchain-based development platform will try to compete with Ethereum, EOS, and Tron (TRX)… Read More

Bluzelle, a “Decentralized” Data Network, to Launch Mainnet on August 8, 2020, will Use Latest Tendermint Version

Bluzelle, which aims to serve as s “decentralized” data network, revealed on July 30, 2020, that it will be launching Phase 1 of its mainnet. The network is scheduled to officially go live on August 8, 2020. Once the network is live, Bluzelle’s BLZ token… Read More

Injective Protocol, a “Decentralized” Crypto Derivatives Exchange to Support Futures, Margin Trading when Launched

The developers of Injective Protocol, a “decentralized” derivatives exchange, have acquired $2.6 million through a seed funding round that was led by Pantera Capital. Injective Protocol has been incubated by Binance, the world’s largest digital asset exchange. Injective’s developers have also acquired investments from Axia8… Read More

DeFi Project Orion Protocol Secures Over $3 Million in Capital via “Dynamic” Coin Offering or DYCO

During the past few years, initial coin offerings (ICOs) and initial exchange offerings (IEOs) have raised billions of dollars in funding for various so-called “decentralized” blockchain initiatives. Most of these projects have been scams or have just been really bad ideas that never really materialized…. Read More

Bitcoin and Other Blockchain Networks May Not be Decentralized as Recent Cloudflare Outage led to Lower BTC Transaction Confirmations

San Francisco-based Cloudflare, a web-infrastructure and website-security firm, offering content-delivery-network services, DDoS mitigation, Internet security, and distributed DNS services, experienced downtime again on July 17, 2020. Whenever Cloudflare goes down or has some other type of technical difficulties, it immediately affects millions of websites that… Read More

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