Canada’s Largest & Longest Running Crypto Conference, the Blockchain Futurist Conference, Returns for a Fifth Year!
The fifth annual Blockchain Futurist Conference is scheduled to take place in Toronto, Canada, on August 15 and 16, 2023. The Rebel Entertainment Complex and Cabana Pool Bar, an unconventional venue providing a one-of-a-kind crypto experience, is all set to host the event once again. The conference is organized by Untraceable. A veteran blockchain events company that has been hosting the iconic crypto events for over a decade now.
The Blockchain Futurist Conference, Canada’s largest and longest-running cryptocurrency conference, brings together over 6500 people and 150 speakers to discuss the most recent advancements, trends, and innovations in the industry. The conference features three stages, two floors of expo booths, NFT galleries, crypto marketplaces, blockchain bootcamps, developer hackathon, networking events and many more.
Blockchain Futurist Conference is true to its ethos and enables everything to accept cryptocurrency onsite, including: outdoor vendors, food trucks, carnival stations, ticketing, Bitcoin ATMs, NFT access passes, and even crypto-enabled helicopter rides.
Additionally the conference is the grounds for sub-events directly at the venue. Last year, Futurist organised gatherings for BitBoy, Telos, and the Bored Ape Club Canada, as well as various happy hours, a women’s luncheon, private yachts, and more. The renowned Closing Cabana Party, which will be held this year on August 16, 2023, is also open to all ticket holders.
This year’s conference will again feature Untraceable’s event engagement token called UNNY.Attendees are encouraged to participate in activities like visiting expo booths and speaker sessions. Numerous participants earned UNNY last year, allowing them to redeem benefits including on-site access to food stations, front-row tickets to see Vitalk Buterin, and helicopter trips.
The conference features numerous panel dicussions, workshops, and keynote speeches from some of the most prominent figures in the industry. Charles Hoskinson, Founder of Cardano, CNN Legend, the late Larry King, and for two years in a row, Vitalik Buterin, Inventor of Ethereum, are some of the previous speakers inlcluded.
Opportunities to participate as a sponsor, exhibitor, media partner, NFT artist, or speaker are now available.
Purchase tickets at futuristconference.com right away.
Explore The Different Types Of Blockchain Network
Blockchain technology is revolutionizing the way we store and transfer data, making it more secure, transparent, and efficient. It has become increasingly popular in recent years since it can be successfully implemented in a variety of projects – from creating new digital currencies to facilitating smart contracts to enabling a wide range of applications.
But what exactly is blockchain? What are the different types of blockchain networks?
In this guide, we provide an overview of the major types of blockchains – public, private, consortium, and hybrid networks – how they work and their potential applications. Additionally, we will explore their features and discuss the benefits of each type of network so that you can make an informed decision when selecting a blockchain solution for your needs.
By the end of this guide, you will have a better understanding of the various blockchain networks available and how to choose the right one for your project.
Blockchain: A Quick Breakdown
A blockchain is a decentralized, distributed digital ledger that records transactions in a secure, tamper-proof manner. It consists of a growing list of blocks, each of which contains a timestamp and transaction data.
The blocks are linked together using cryptography, and each block contains a reference to the previous one, creating a chain. This structure makes it difficult for anyone to alter or delete data in the blockchain.
Once a transaction is added to the blockchain, it cannot be changed or removed. This makes blockchain an ideal platform for storing data that needs to be immutable, such as financial transactions or medical records.
Additionally, blockchain networks can act as technical infrastructure to create smart contracts – self-executing contracts that automatically enforce the terms of an agreement between parties.
Types of Blockchain Networks
There are four main types of blockchain networks: public, private, consortium, and hybrid. Each type of network has its own advantages and drawbacks; selecting the right one depends on the project’s specific needs. Let’s take a closer look at them:
Public
A public blockchain network is a permissionless network that anyone can join and participate in. This means any person can download the software and start mining new blocks or developing applications on top of the network – Bitcoin and Ethereum are examples of such blockchain networks.
Public blockchain networks are decentralized, i.e., no central authority controls the network. Instead, it is maintained by a network of nodes – devices such as computers, laptops, or servers- that store a full copy of the blockchain’s transaction history. According to Google, “nodes on a blockchain form a peer-to-peer network, constantly exchanging the latest blockchain data so that all nodes stay in sync.”
Public blockchain networks offer a high degree of transparency – all transactions are publicly available on the blockchain, and anyone can view them. They are also very secure since it is very difficult to tamper with data in the blockchain. And since they are decentralized and any central authority does not control the network, there is no single point of failure.
However, public blockchain networks can be slow because all transactions need to be verified by all nodes in the network. They can also be expensive due to the large number of nodes required to maintain the network.
Private
A private blockchain network can only be accessed by invited participants. This means that only those who have been granted permission by the network administrator can join the network and operate there.
Private blockchain networks are centralized, i.e., there is a central authority controlling the network. This authority is responsible for managing access to the network and approving new participants.
Additionally, private blockchains often use a consensus mechanism different from the one used in public blockchains. For example, they may use a proof-of-stake (POS) consensus algorithm, which is less energy-intensive than the proof-of-work (POW) algorithm used in public blockchains.
Private blockchain networks are typically faster and more scalable than public ones because fewer nodes are required to maintain the network. This makes them an excellent option for businesses that collect and store sensitive data that needs to be kept secure and private. They are also more efficient since they don’t need to incentivize miners to validate transactions.
Yet, this type of blockchain network is less secure since the central authority controls the network – the ability to alter data in the blockchain. They are also less transparent, as only authorized users can view transaction data.
Consortium
A consortium blockchain network is a permissioned network that is jointly managed by a group of organizations. As such, only those to whom the consortium has granted permission can join the network and participate in its activities.
Consortium blockchains are a semi-decentralized variation of a private network, so there is no single entity controlling them. Instead, the network is managed by a group of entities, each of which has an equal say in decisions about the network.
Such networks are often used by businesses that need to share data with each other but do not want to give any one organization complete control over the network. For example, a consortium blockchain may be jointly managed by a group of banks.
Consortium networks offer a compromise between public and private blockchain networks. On the one hand, they are more secure than public networks since only authorized users are allowed to join the network, but this also makes them less transparent.
On the other hand, consortium networks are less secure than private ones, as multiple organizations have the ability to alter data in the blockchain.
Hybrid
A hybrid network combines features of both public and private blockchains, offering the best of both worlds. This means that the network is accessible to both invited participants and anyone who wants to join the network. Additionally, the network may be jointly managed by a group of entities or a single entity.
Such networks are safer than public ones, as only authorized users can join the network, and more transparent than private blockchain networks, as all transactions are publicly visible.
Wrapping Up: How to Choose the Right One for Your Project
When selecting a blockchain network for your project, you need to consider a number of factors, such as the nature of your project, its budget, timeline, and security requirements – along with the security, scalability, and transparency characteristics of a blockchain network you’re going to use. You also need to decide whether you want a permissionless or permissioned network.
If security is your main concern, you should choose a permissioned network such as a private or consortium blockchain. If you are looking for scalability, go for a public blockchain. And if you focus on transparency, choose a permissionless network such as a public or hybrid blockchain.
No matter your project’s requirements, there is a type of blockchain network that will suit your needs!
| Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Solana Co-founder Talks About Altcoin Challenges, Polygon’s Blockchain To Undergo Hard Fork While Snowfall Protocol Alerts Investors About Scammers
Top crypto projects, including Polygon (MATIC) and Solana (SOL), have been working hard to complete advanced solutions brought by new projects like Snowfall Protocol (SNW). Investors have also become keener on which crypto projects they must invest in 2023.
Read ahead to know interesting happenings around these crypto projects.
Anatoly Yakovenko shares Solana’s (SOL) challenges and needed solutions while the price reaches $22.05
The Solana (SOL) community has been reviewing the challenges they face while trading on the platform. The co-founder of Solana (SOL) openly shared the drawbacks of altcoin. He discussed some of the major issues of Solana (SOL), like constant outages, certain levels of centralization, firm market corrections, etc.
He also mentioned that these issues have frustrated Solana (SOL) investors, which might lead them to withdraw their investments soon. However, he also pointed out that Solana (SOL) has recently implemented a 2nd validator built by Jump. It indicates that Solana (SOL) users will not face any issues if bugs attack one of the validators. Solana (SOL) also became the world’s 2nd altcoin that has more than one validator that works independently.
The promising solutions of Solana (SOL) platform have impacted its price positively. Solana (SOL) is selling with a live price of $22.14, which is a 34.21% increase within a day.
Polygon (MATIC) proposes a hard fork; the price goes 6.02% up
Polygon (MATIC) community will soon vote on its PoS blockchain’s hard fork proposal.
If the Polygon (MATIC) community approves it, the software upgrade will happen in January.
The Polygon (MATIC) hard fork will target two major issues that the project often faces: Reorgs or chain reorganization and gas fee spikes. Thus, Polygon (MATIC) hard fork will adjust the gas fee structure of the platform and reduce the fee during high chain activities. Additionally, the Polygon (MATIC) hard fork will assure proper transaction verification within a short time when the network experiences reorg.
The Polygon (MATIC) hard fork may boost the token price and offer better rewards to Polygon (MATIC) community members and validators. Polygon (MATIC) currently has a live price of $0.9718, which is 6.02% up in the past 24 hours.
Snowfall Protocol (SNW) calls out scammers to protect its investors’ money
Snowfall Protocol (SNW) has performed extremely well in its presale phases, which have attracted both investors and scammers. Snowfall Protocol (SNW) noticed a few fake websites that are trying to sell duplicate Snowfall Protocol (SNW) tokens.
Snowfall Protocol (SNW) Twitter handled immediately pointed this out through a detailed post. The post shared the original address for Snowfall Protocol (SNW) to help new investors recognize real Snowfall Protocol (SNW) tokens.
The post also mentioned that the official launch date for Snowfall Protocol (SNW) is very close, and the crypto project is available on the Binance Smart Chain network.
Snowfall Protocol (SNW) token has a current price of $0.191, which is predicted to grow by 5000% soon. So, buy in the Snowfall Protocol (SNW) presale from its official website and earn multiplied returns later.
Get in while you can and invest in Snowfall Protocol (SNW) today!!!
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The Next-Generation Of CBD Marketplace Powered By Blockchain
When we think of cryptocurrency, the first one that comes to mind is Bitcoin, followed by Ethereum, which launched the altcoin revolution. BudBlockz, on the other hand, has recently gained a lot of attention. What exactly is it? How does it work, and is it true that $BLUNT may have the fastest growth rate among cryptocurrencies in 2023? Let’s find out.
BudBlockz
BudBlockz is a fantastic project that aims to use blockchain technology in the fast-growing cannabis industry.
Economic analysts predict that the worldwide worth of the cannabis sector will exceed $176.5 billion during the next decade. This remarkable rate of growth is fueled by cannabis’s wide range of applications, which range from food and drinks to the healthcare and medical sectors and even the textile industry.
BudBlockz’s mission is to transform the cannabis industry into a more democratic, open, and accessible environment.
How Does It Work?
BudBlockz is a cryptocurrency powered by $BLUNT, a native and strong utility token. It is a multi-functional Ethereum-based crypto asset that is the foundation of the BudBlockz community.
The $BLUNT token’s most essential use is running the world’s first decentralized e-commerce marketplace for cannabis lovers. BudBlockz will move to the next stage in the growth of the cannabis business by employing blockchain technology to create an environment characterized by confidentiality and security.
Taking The Lead Over Cardano and Bitcoin
BudBlockz’s mission is to bring common blockchain power to the cannabis business. It is revolutionizing blockchain initiatives with a strong and straightforward effort to adapt and modify tendencies in the multibillion-dollar marijuana market.
BudBlockz seeks to revolutionize the cannabis market by leveraging the potential of decentralized solutions such as NFTs, crypto, and blockchain.
It is building a 24/7 open marketplace that works within permitted regions while respecting the privacy of its users. According to blockchain experts, the $BLUNT token will surpass and rank far higher than other prominent utility tokens such as Bitcoin or Cardano. It is notable for its strong tokenomics. Apart from its significant usefulness, these characteristics place cryptocurrency among the best blockchain projects.
The $BLUNT token has a fixed quantity of just 420,000,000 $BLUNT, which is much less than the finite supply of other tokens on the market. Since $BLUNT have a fixed low amount, their value is expected to rise fast when demand grows, making them an excellent inflation hedge.
Reasons to Invest in BudBlockz
Because of the competitive nature of the crypto market, blockchain investors are continuously attempting to diversify their holdings. Most early investors may earn massively from the tremendous price rise, but to do so, they must always be on the hunt for exciting new companies. That is why spreading your crypto investments is crucial.
All experienced cryptocurrency investors base their portfolios on Bitcoin and Ethereum. However, blockchain experts usually point out that diversifying into smaller, promising cryptocurrencies like $BLUNT is the greatest way to generate significant returns and maximize return on investment.
BudBlockz, according to numerous altcoin specialists, is the best cryptocurrency to invest in in 2023. It is a new, inexpensive cryptocurrency that went on sale on September 12th. BudBlockz witnessed numerous clients transfer their Bitcoin and Ethereum tokens to acquire $BLUNT during the sold-out private sale. The $BLUNT presale is still open on the official website. So what exactly are you waiting for?
Many people are talking about BudBlockz’s incredible potential, so if you want to make significant crypto profits this year, $BLUNT is one of the tokens you should invest in, in 2023.
One Of Europe’s Biggest Ever Crypto Events, Block 3000: Blockchain Battle Goes Live
More than 5,000+ delegates are expected to grace the stunning Altice Arena in Lisbon, Portugal this July 6 & 7 as Block 3000: Blockchain Battle gathers the best and brightest of Blockchain, Web3 and Crypto to unveil exciting new projects, engage in priceless networking and to set the discourse for the industry.
Block 3000: Blockchain Battle will welcome a diverse range of speakers that includes C-Suite Executives from some of Fintech’s biggest movers and shakers, influential media figures, inspirational founders and Blockchain thought leaders.
The main theme of the event is the Battle of Blockchains, which will be held in the form of panel discussions with four to five speakers per round. During the panels, the speakers will delve into the various perspectives and challenges associated with blockchain networks, interoperability, scalability, and security. They will explore the potential of these technologies and how they can be leveraged to create innovative solutions to existing problems within both the blockchain ecosystem and the wider fintech space. Additionally, they will discuss the implications of these technologies on the future of the industry and the world at large.
We invite all leading blockchain networks to join us! Not only that, but we also welcome outstanding projects from the DeFi, GameFi, Metaverse, NFT, and other industries. Binance, Tron, Solana, Zilliqa, Holochain, and SwissBorg have already confirmed their attendance, and this is only the beginning!
This event will set the standard for the industry, with crypto investors and enthusiasts mixing with developers and VC fund representatives. There will be engaging and combative panel discussions on crypto’s most controversial topics, groundbreaking new projects will be unveiled, the best of which will walk away with the coveted ‘Best Blockchain Project 2023’ Award.
Arguably though, the value in attendance for many is the networking opportunity that Block 3000: Blockchain Battle provides. No other crypto event to date has offered an opportunity to pitch, discuss and collaborate like this. If you’re looking for investment in your project or looking to find the next big thing in Blockchain, this is a must-attend!
Tickets come in a variety of packages to suit delegates’ needs – from Standard which includes access to the conference and networking events, to our very special Whale package, which includes:
- Conference access (best Whale seats in 1-2 row)
- Welcome bag from our partners and sponsors
- Exclusive gifts from partners and sponsors
- Networking app
- VIP coffee breaks and lunch
- Conference video
- PartyNight
- VIP registration
- VIP lounge area + access to speakers area with terrace
- 3D Networking Day
- There will also be some extra surprises to be revealed later!
For more information and to buy your tickets, click here.
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Argo Blockchain Proceeds To Avoid Bankruptcy With $100 Million Bailout
The recent turmoil in the cryptocurrency market has sent severe shockwaves to the mining industry with low crypto values and rising energy costs, creating an unstable situation for several leading mining firms to continue their operations.
The last two months have been rough for the leading Bitcoin mining firm Argo blockchain, with increasing concerns regarding running its mining facilities due to insufficient cash. Moreover, the steep downfall of over 40% in ARB’s share price has stressed its investors with the firm’s future potential and expansion.
However, the mining firm is expressing its crucial steps in avoiding bankruptcy by halting its London Stock Exchange (ARB) and Nasdaq (ARBK) shares. Additionally, the firm proceeds to sell its mining facilities to Galaxy Digital to continue the cash flow into the firm.
Galaxy Digital Becomes A Messiah For Eliminating Argo Blockchain’s Bankruptcy Risks!
As the trend of bankruptcies keeps growing after the sudden demise of the behemoth crypto exchange FTX, Argo Blockchain becomes the current target to continue the rally, which may result in a severe price dip for the Bitcoin market. According to a recent report, Argo Blockchain takes a step ahead to avoid its bankruptcy risks by seeking help from Mike Novogratz’s crypto-focused financial services firm, Galaxy Digital.
In a statement, Argo Blockchain agrees to sell its largest mining facility, i.e., Helios mining facility in Dickens Country, Texas, to Galaxy Digital for $65 million. Furthermore, the mining firm seeks a loan of $35 million from the crypto firm to continue funding the mining facility. Argo Blockchain stated that the loan would be secured by their mining equipment.
Argo’s CEO Peter said, “Over the last few months, we have been looking for a way to continue mining through the bear market, reduce our debt load, and maintain access to the unique power grid in Texas. This deal with Galaxy achieves all of these goals, and it lets us live to fight another day.”
Argo In A Do Or Die Situation
Selling off Argo’s biggest mining facility has been a tough decision for the crypto giant as it has up to 180 megawatts (MW) of power capacity and will be Galaxy Digital’s flagship mining operation after executing the deal. However, this step was necessary to keep investors in the firm as the deal will boost Argo’s balance sheet and eliminate the risks of bankruptcy filing after a $27 million deal collapsed in October.
Amanda Fabiano, Head of Mining at Galaxy, stated, “Quality infrastructure and access to low-cost energy are the cornerstones of a successful mining operation, making the acquisition of Helios an incredible milestone for the growth of Galaxy’s mining business.”
The Bitcoin mining giant previously promised its investors that it was looking for multiple negotiations with crypto firms to sell off its mining facilities and assets and execute smooth fundraising to avoid chapter 11 bankruptcy filing. It is to be noted that Argo Blockchain signed a two-year hosting agreement with Galaxy to secure a place for its computers to continue mining at the Helios facility.
Chris Ferraro, president and chief investment officer at Galaxy Digital, said, “We were in a position to solve the problem completely for Argo while accelerating the expansion of our own mining capabilities.”
Galaxy Digital finds this as a bear market opportunity to stand out amid the market’s downfall as the Helios mining facility will become the dominating choice that Galaxy made this year, pushing the firm to become one of the most competitive crypto firms in the crypto world.
Ferraro said, “Galaxy is aspiring to be one of the most trusted nodes of the decentralized future. The acquisition of Helios represents a new stage over our two-year journey in bitcoin mining that increases our operating scale and breadth of solutions, creating sustainable value for the biggest decentralized digital asset network and shareholders alike.”
Binance Launches Blockchain Education Program, Cardano Launches Cardano Spot, Snowfall Protocol Presale Phase 3 Almost Sells Out
The crypto market has been volatile in the past year and a half. Despite this volatility, some projects have thrived while others have failed. One such project that gained major traction since it was launched two months ago is Snowfall Protocol (SNW). In this article, we will discuss the key reasons why Snowfall Protocol (SNW) will be a better investment than Cardano (ADA) and Binance (BNB) in 2023.
Binance (BNB) partners with Blockchain Center Research Lab for education program
Binance (BNB) has announced in a press release that it will begin a nationwide blockchain education program in Kazakhstan in partnership with the Blockchain Center research lab. Binance (BNB), a major cryptocurrency exchange, aims at preparing college students in the Central Asian country of Kazakhstan, for careers in the cryptocurrency sector.
According to the announcement, Binance (BNB) plans to train over 40,000 students in blockchain by 2026 at educational institutions across the Central Asian country. While the crypto winter continues to cause declines for the token, Binance (BNB) has been engaging with officials in neighbouring Kyrgyzstan and Azerbaijan to discuss expanding its footprint in the region.
Binance (BNB) may be making headlines for all the right reasons, but its current investors haven’t fared so well. In the last month, Binance (BNB) has lost 23% of its value. Binance (BNB) is currently trading at $242.79, which is a 64.86% decrease from its all-time high.
Cardano (ADA) launches social network called “Cardano Spot”
The Cardano (ADA) blockchain’s founding member, EMURGO Group Pte. Ltd., has announced the formation of a new business company, EMURGO Media, to develop media-related products and services for the Cardano ecosystem.
Cardano Spot is the first product released by EMURGO Media, and it serves as a social network and information hub for the Cardano (ADA) community. Cardano Spot is a platform that aggregates high-quality content from reputable members of the Cardano (ADA) community to provide readers with the most recent information on the ecosystem’s progress and address the problem of content fragmentation.
Only time will tell if the introduction of Cardano Spot makes any difference to the growth of Cardano (ADA) as a cryptocurrency. So far, the price charts of Cardano (ADA) do not look convincing. Cardano (ADA) has dropped over 17% in the last month and 50% in the past six months. With the current trading price of $0.26, Cardano (ADA) is 91% below its all-time high.
Snowfall Protocol (SNW) in its last presale stage
Investors are drawn to Snowfall Protocol (SNW) for more than just its exceptional value and growth rate (SNW). As per crypto experts, there is tremendous potential in the blockchain industry for Snowfall Protocol (SNW). For instance, Snowfall Protocol (SNW) removes the barriers that limit asset transfer within different kinds of blockchains. Both fungible and non-fungible tokens can be moved from one blockchain to another seamlessly, via theSnowfall Protocol (SNW), without the need for third-party services.
Snowfall Protocol (SNW) team has created an interactive and easy-to-use platform for users regardless of their technical backgrounds. Snowfall Protocol (SNW) is moving at an extraordinary pace because of its immense potential. More than $3 million has been raised through presale sales so far.
The value ofSnowfall Protocol (SNW) tokens has increased by 250% from the second phase to the third, and more gains are expected in the future. As per analysts, Snowfall Protocol (SNW)could soon increase by 5000% by the time it launches. Therefore, this is the perfect time to buy Snowfall Protocol (SNW).
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. |
Blockchain Analysts And Jet Experts Are Backing The Jetshare Protocol
RJ Aleksandrs, a pilot and consultant in the Aviation industry for over 25 years, is the founder of Jetshare Protocol and the early bird presale is starting to pick up momentum and early backers have seen a significant uplift already. Join the fledgling community to learn more about how the secretive and private world of luxury Jet ownership is being turned on its head by Crypto enthusiasts. Raising to purchase Bombardier Challengers, Pipers, Gulfstreams and Hawkers for the community to utilise and earn income passively.
The Jetshare Protocol is at the forefront of innovation in an industry starved of any major changes in over 30 years. Jetshare is leading the way and bridging the gap between crypto enthusiasts and Jet lovers around the globe. The platform is unlike any other cryptocurrency on the Binance Smart Chain (BSC), chosen for its superior scalability, cheap fees, and quick transfer times.
Why Should You Invest In Jetshare Tokens
After Aleksandrs cryptocurrency profile dropped, he learned the necessity and long-term goal of the larger community. Aleksandrs understood time is needed for the cryptocurrencies without useful functionalities to get rooted out of the market. With that in mind, he created Jetshare, a revolutionising blockchain project enabling fractional ownership by tokenization. If the goal is to decentralise markets and put the power back in the hands of the masses then Jetshare is on brand.
The platform has created the world’s first fractional jet investment platform so the community can buy, sell, and invest in real-world planes. In addition, Jetshare grants any demand for its services from various sources including training schools, charter companies and private travellers and that flexibility allows returns to remain consistent through good and bad times.
The Attraction of Jetshare
Jetshare Ltd works by acquiring Jets listed on an internationally recognised registry and then housing them in one of the projects’s many partner airport hangars worldwide. The project will further commission digital twins of any purchased Jets and mint an NFT.
Jetshare (JETT$) has multiple exclusive membership groups for investors to receive benefits and privileges. Holders of the native token JETT$ are divided into three membership categories. As a holder, to be eligible for the benefits of membership the bronze level is the starting point and provides unbelievable benefits – find out more here.
Summary
Now is the perfect time to get involved with the Jetshare Protocol. Early backers will receive discounts on transaction fees (up to 100%), storage fees (up to 50%), and maintenance fees (up to 100%). This initiative means the more tokens you hold, the more discounts you receive.
Jetshare values its token fundamentals and aims to protect the platform’s token floor price by adding a vesting schedule. Once Jetshare completes its presale, the platform will airdrop users their tokens on a weekly basis for a period of five weeks. Visit Jetshare’s community website now before it’s too late and join the platform’s round one presale.
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With HedgeUp, Luxury Watch, Whiskey, And Wine Investments Have a Place On The Blockchain
Alternative investments are gaining in popularity as investors look beyond traditional markets for return on investments. With this increased attention comes the opportunity to invest in luxury items like whiskey, wine, or even collectible watches.
However, alternative investments have their own risks and challenges. When investing in these luxury goods, investors may face issues with storage costs, verification, and minimum purchase amounts.
That’s why HedgeUp is here to help make these investments easier and more accessible. With its innovative blockchain technology, you can now invest in luxury watches, whiskey, and wine through secure transactions on the blockchain. Let’s learn more.
Introducing HedgeUp
HedgeUp is a blockchain-based platform that allows anyone, anyplace, to invest in alternative high-end assets, like luxury watches, whiskey, wine, and even rare diamonds.
The real USP of HedgeUp lies in using fractional NFTs that represent the alternative asset, allowing investors to purchase fractions of high-value assets rather than having to purchase them in full.
That’s right, even if you don’t have a seven-figure bank account, HedgeUp can connect you with alternative investment opportunities to help you grow your wealth. For example, for just $10, you could buy a fraction of the world’s most expensive whiskey or own a piece of a rare vintage watch.
All assets are stored in secure vaults that are licensed and insured. If you decide to purchase the whole NFT/asset, HedgeUp can send the physical asset to your address, allowing you to hold the entire item in your possession.
Plus, all transactions are securely recorded on the blockchain and can be easily tracked – so you’ll always know the exact assets you hold, where they’re stored, and how much they’re worth.
Unlike cryptocurrencies and other volatile assets, investing in alternative items through HedgeUp can provide a more stable and secure return on your investment. It’s also an ideal option for diversifying portfolios and gaining exposure to alternative assets with minimal risk.
The total estimated value of all alternative investments under management is predicted to reach $17.2 trillion by 2025. It means HedgeUp is launching at an ideal time to help investors access alternative investments immediately.
The $HDUP Token
$HDUP is the native token and fuel of the HedgeUp ecosystem. Investors can use $HDUP to purchase and trade fractional NFTs and access goods and services within the platform.
In fact, holding $HDUP gives exclusive access to HedgeUp’s NFT Auctions, rewards for staking, and access to the online master class for alternative investments.
$HDUP is currently gearing up for the public launch of its token on 19th December 2022. This date represents a great chance to get in on the ground floor of $HDUP before it hits the mainstream exchanges.
So, if you’re looking to add a little luxury to your portfolio, HedgeUp is the perfect place to start. With fractional NFTs, secure transactions on the blockchain, and access to alternative investments like whiskey, wine, and watches – you can now literally own a piece of the good life.
Orbeon Takes Center Stage In Blockchain Investing As The Sandbox And Hex Coin Prices Dwindle
The benefits of blockchain technology are no secret, but many industries are yet to discover its true potential. In the past, HEX Coin (HEX) and The Sandbox (SAND) have successfully managed to bring blockchain into the worlds of finance and gaming, respectively. Now, Orbeon Protocol (ORBN) has entered the race, with its proposition of bringing blockchain into the $13.5billion industry of Venture capital.
Let’s take a closer look at the offerings of all three projects before we invest in our favorite one!
The Sandbox (SAND): bringing the blockchain into the world of Gaming
The Sandbox is a unique blockchain-based platform that hosts a virtual universe where gamers can construct and collect blockchain-based assets. The Sandbox focuses on user-generated content, presenting a metaverse of active players who contribute to the development of the platform.
The Sandbox platform uses various tokens, including ASSETS, LAND, and SAND.
ASSETS are in-game NFTs created by users. LAND is an ERC-721 NFT that allows users to monetize their gaming experiences and in-game assets. SAND is the native token of the Sandbox used as an in-game currency or a means of storing and earning rewards. As a utility token, SAND enables the implementation of all types of transactions, like purchasing virtual plots of land, engaging with NFTs, and receiving privileges. SAND also serves as a governance token, i.e., SAND holders can vote for changes in the platform through the DAO.
While the Sandbox successfully incorporated blockchain technology with mainstream gaming, gamers now have plenty of options in the blockchain gaming space. As newer projects catch the eye of gamers in the Web3 world, the value of The Sandbox’s SAND token has dropped from its all-time high price of $8.44 in November 2021 to only $0.578682 at the time of writing (11th December 2022).
HEX Coin (HEX): bringing blockchain into the world of Finance
HEX is an ERC20 token intended to serve as a reliable store of value that can be used in place of a traditional Certificate of Deposit. It uses the Ethereum network to send and receive HEX tokens HEX coin’s native token, while the staking mechanism and consensus code are contained in the HEX smart contract.
Staking HEX coins allows users to participate in the issuance of new coins. HEX coin also includes features designed to encourage price appreciation.
HEX coin’s smart contract discourages holders from ending their stake prematurely, and instead rewards them for holding onto their tokens for a longer period of time.
While HEX coin serves as a simple alternative to traditional financial Certificates of Deposit, investors now have more flexible investing options in both traditional finance and decentralized finance. The availability of other, more conducive investment opportunities, has caused investors to gradually lose interest in HEX coin. Accordingly, the price of HEX coin has plummeted from its all-time high price of $0.5561, on 16th Nov 2021, to a mere $0.028607 at the time of writing (11th December 2022).
Orbeon Protocol (ORBN): bringing blockchain into the world of business Investment
While anyone can start a business, investing in new businesses has largely remained an opportunity open to venture capitalists only. However, Orbeon Protocol aims to open up the world of crowdfunding and venture capital to the general public. Due to its decentralized nature, blockchain serves as the ideal medium for the mission.
Orbeon Protocol (ORBN) is a blockchain-based platform that helps interested investors identify verified real-world startups and invest in them through blockchain. Startups can also use Orbeon Protocol to find investors, raise funds through equity- and reward-based NFTs, and engage with their communities.
Each investment opportunity on Orbeon Protocol is minted into an NFT and fractionalized so investors can buy them for as little as $1.
What makes Orbeon Protocol (ORBN) a secure investment opportunity for Web3 novices is the “Fill or Kill” mechanism, built into Orbeon NFTs’ smart contracts. This mechanism ensures that the money invested in a startup is immediately returned to investors if the company doesn’t reach its funding goal in the promised duration.
ORBN, the native token of the Orbeon Protocol, unlocks a variety of benefits like staking, voting on platform decisions, getting fee discounts, and receiving rewards in the form of USDC. Startups with ORBN tokens gain access to exclusive investor groups, and investors with ORBN tokens get early access to new funding rounds.
With the power of DeFi and ORBN token, Orbeon Protocol has successfully brought blockchain into the world of business investments. Investors are now looking to buy into the success of the project by purchasing the ORBN token in its presale stage. ORBN hit the market at $0.004 and analysts have already predicted its price to increase by over 6000% , reaching $0.24 by the end of the token’s presale stage.
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Snowfall Protocol And ChainLink Bringing Change To The Blockchain Industry! Ripple Remains Stuck In Court Battle!
Snowfall Protocol and ChainLink are two major players in the blockchain industry pushing for change. Snowfall Protocol (SNW) is a cross-chain bridge that enables users to swap assets between different blockchains, while ChainLink provides a secure way for smart contracts to interact with external data. Both projects are aiming to make blockchain technology more accessible and usable. Meanwhile, Ripple is still embroiled in a court battle with the US Securities and Exchange Commission, with the outcome of the case yet to be determined.
About Snowfall blockchain, ChainLink, and Ripple
The blockchain industry is constantly evolving, with new technologies and protocols emerging in order to make the sector more efficient. One such protocol is Snowfall Protocol (SNW), and another is ChainLink. Meanwhile, Ripple, a major player in the blockchain sector, is stuck in a court battle. In this blog, we’ll take a look at what Snowfall Protocol (SNW) and ChainLink are, how they work together, and the court battle that Ripple is involved in.
What Is Snowfall Protocol?
Snowfall Protocol (SNW) is the world’s most efficient cross-chain bridge. It is designed to enable users to transfer assets across the most widely used EVM and non-EVM compatible chains. Snowfall Protocol (SNW) simplifies the process of communication between blockchains, removing technical barriers and allowing every user the same ability to engage within their favorite projects.
What Is ChainLink?
ChainLink is a decentralized oracle network that provides blockchain smart contracts with access to off-chain data, such as market prices and currency exchange rates. This allows smart contracts to interact with external resources, such as web APIs and payment systems, in a secure and reliable manner.
What Is Ripple?
Ripple is a major player in the blockchain industry. It is a global payment network that enables banks and financial institutions to send money around the world quickly and securely.
Snowfall Protocol and ChainLink
Snowfall Protocol (SNW) and ChainLink together bring more efficient and secure cross-chain asset transfers. By combining the two protocols, users are able to securely transfer assets between different blockchains. This allows users to take advantage of the benefits of both protocols and create a seamless connection between multiple blockchains.
The combination of ChainLink and Snowfall Protocol (SNW) provides users with a number of advantages. First, it enables users to securely transfer assets across different blockchains. This removes the need for users to manually transfer assets between blockchains, saving time and effort. Second, it ensures that the data used in the transfer is secure and reliable. Finally, it allows users to take advantage of the benefits of both protocols, such as speed and security.
Ripple Court Battle
What Is The Court Battle About?
Ripple is currently involved in a court battle with the Securities and Exchange Commission (SEC). The SEC is accusing Ripple of selling unregistered securities in the form of XRP, the digital currency used on the Ripple network. Ripple denies these allegations, arguing that XRP is not a security.
What Are The Outcomes?
The outcome of the court battle is still uncertain, as the case is ongoing. However, if Ripple is found guilty, it could face hefty fines and the possibility of having to register XRP as a security. This could have a major impact on the Ripple network, the price of XRP, and the wider blockchain industry.
What We Can Expect in the Future
The outcome of the court battle between Ripple and the SEC is still uncertain. However, one thing is for sure: Snowfall Protocol (SNW) and ChainLink are bringing much-needed change to the blockchain industry. These two protocols are simplifying the process of communication between blockchains and provide users with more efficient and secure asset transfers. As the blockchain industry continues to grow, we can expect Snowfall Protocol (SNW) and ChainLink to play an important role in the future.
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Rasta Beach Club – The Free Mint NFT collection expected to light up the Ethereum Blockchain
Rasta Beach Club is a generative NFT Art collection. The bright & vibrant collection combines over 140 individual traits, each assembling in variety to form 10,000 unique Rasta characters. The collection is a community-centric project focused on good art & good vibes.
The Rasta Beach Club has become increasingly popular amongst investors in the industry given it’s strong foundations, clear vision and also due to the fact it is a free mint!
The Market
The NFT Market has been the topic of much speculation over recent weeks. Following the collapse of the FTX exchange, investor uncertainly has loomed larged over the future of NFT’s & Cryptocurrency.
However, this uncertainty and apprehension has been somewhat short lived following several very successful NFT launches in just the last week. Rasta Beach Club hope to be the next of these case studies providing further reassurance that the NFT space has a bright future ahead.
Metaverse & the future
Aside from the existing features of the project, the team have also announced their plans to build multiple immersive Metaverse experiences that will be exclusive to Rasta Beach Club NFT holders.
The Mint
The Rasta Beach Club NFT’s are available to mint now – Free!
For full details, head to the website below where you will find instructions of how you can get involved.
Website – artek.al/rbc
Twitter – https://twitter.com/rastabeachclub
Contact – Mitch Lees
Email – [email protected]
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The Value Of The TORA Token Will Increase As More Transactions Are Made Possible By The Blockchain
There is a meme token for every year, and the year 2023 will be represented by the Tora Inu meme coin. To compete with industry titans like Doge and Shiba Inu, Tora Inu plans to upset the existing quo in the market. The project, which is now holding a presale, intends to outperform its rivals and become the most fascinating one in 2023.The crypto business has a long history of operating in cycles, with certain coins grabbing the majority of the spotlight for a while. This idea fits the meme coin market nicely because every year, some projects outperform others.
How Tora Inu is already in an advantageous position for 2023?
In 2023, the next-generation meme coin Tora Inu is expected to completely upend the meme coin market.
A burn and redistribution process is used in the project’s great tokenomics, which makes the token deflationary. The TORA token will consequently appreciate as more transactions are made possible by the network. Additionally, the redistribution ensures that token holders who have the diamond hand are rewarded for keeping their tokens for a long time.
The initiative will launch a P2E game that will let people make money while participating in the ecosystem, setting it apart from the competitors. The game will also use NFTs so that players can compete against one another and win tokens as a prize.
The TORA governance token, which enables users to decide on the project’s future course, can be used to acquire the NFTs on the platform.
The debut of Tora Inu’s metaverse, which will allow users to communicate with one another in virtual reality, is planned for later on the roadmap. To enable more money to flow through the ecosystem and reward holders with buybacks and redistribution fees, the Tora Inu team will also host other lands and adverts in the metaverse.
Massive Marketing Effort and CEX Drive
The fact that Tora Inu has a significant marketing campaign planned is one of the primary underlying factors that put it in the driver’s seat to become the meme coin of 2023. They also intend to list on top-tier centralized exchanges (CEX), and they have already made the first one public, but we aren’t sure which one.
The team has a wealth of experience in bringing initiatives to large audiences and has the support of numerous top-tier industry venture capitalists. You should anticipate hearing a lot more about Tora Inu in the coming months because they have expertise promoting across all social media platforms, including Telegram, Twitter, Instagram, and Reddit.
However, the optimum moment to invest in any token is before the general public learns about it. Here, the Tora Inu presale offers a fantastic chance to invest.
Early-stage Presale Offers the Ideal Chance
The presale being held by Tora Inu will utilize a tier-based approach. The presale will be divided into four stages, with the price rising gradually with each one.
The fact that there was no seed sale, no private sale, and no whitelist sale during this presale makes it one of a kind because early-stage private investors won’t dilute your token ownership. Instead, those that are successful in investing in the presale’s early phases will profit the most.
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Oil-Based Companies Are Using Blockchain Technology, But Why?
Technological computing and storage capabilities have allowed highly detailed information on oil and gas wells to be collected, managed, and shared. Buy and sell bitcoin at competitive market rates with Bitcoin Era. The platform has paid extraordinary attention to detail while designing its user interface. The exponential increase in oil trade complexity has led companies like IBM and Accenture to explore the benefits of using blockchain technology. The idea is to create a distributed, tamper-free ledger of information that can be shared and validated on various levels.
The benefits of blockchain technology
Blockchain technology has several benefits for the oil and gas sector. Here are just a few of them:
1) Multi-Party Approval – The concept behind blockchain technology is about getting multiple parties involved in business transactions. When used for energy transactions, this could include all manufacturers, shippers, and owners participating in the process. It also creates a paper trail so people can quickly and efficiently resolve disputes and issues.
2) Shared Data – The data stored in blockchain technology is shared but not owned by any party. It means that individual entities cannot modify, remove or duplicate data without the approval of all parties involved in the process. This concept is already being used by companies like EXXON and Shell and has also been adopted globally by banking institutions like HSBC to share transaction data with their customers
3) Auditable records – The database can include shipping details, GPS logs, and the volume of products being shipped. It ensures that each partner can track the progress of their shipment on its journey from its origin to the final destination.
4) Digital Signatures –Minimal costs are associated with using blockchain technology as opposed to traditional processes.
The blockchain ledger can be shared publicly, which allows other interested parties to review and verify transactions without having access to personal information. When using blockchain technologies, each party involved in the process can securely share their data files.
How can blockchain change the oil and gas industry?
Disintermediation in oil trades:
The oil trade volume in the US alone is currently around one million barrels a day. As more companies use blockchain technology to manage transactions, this figure could increase significantly. In addition, disintermediation is a crucial benefit of using blockchain technology as it allows buyers and sellers to share information without relying on go-betweens. This concept could save time, money, and resources while increasing efficiency and transparency along the supply chain.
Elimination of fraud:
Current oil and gas sector processes are often very complex, making them vulnerable to fraud. Fraudsters can exploit weaknesses in existing systems for their financial gain by tampering with information before it reaches its target destination. Blockchain technology makes it harder for fraudsters to do this, requiring more effort and coordination to achieve their goals. Once again, the benefits of using blockchain technology in the oil trade are evident.
Smart contracts:
Blockchain technology also has an impact on the way intelligent contracts function. In traditional contracts, an agreement must be made with each party involved in the deal. A simple supply chain example could include a shipment of gasoline sent between two different parties along its journey from the origin to the final destination.
The contract between the intermediaries and the shipper states who should receive the shipment and how much, but this information is not always accurate. With blockchain technology, a smart contract could be created that requires participants to make all relevant payments before delivery can begin. It promotes transparency in transactions and ensures that every party involved with a supply chain makes fair and accurate transactions.
New business opportunities:
Blockchain technology can potentially change many aspects of oil trading for the better. The above benefits highlight just a few that could occur in the future. For example, companies can share essential documents like purchase orders and shipping notes without relying on third parties or central databases for information storage.
Supply chain risk reduction:
Blockchain technology can help companies reduce risk through enhanced security, tracking, validation, and transparency. In addition to these elements, it helps companies track products all along their journey from origin to destination by allowing each partner to record every movement along the way. It helps to eliminate potential risks and dispute resolution.
Blockchain technology in oil trading could be crucial in the energy industry’s future. It offers enormous benefits when it comes to improving efficiency, security, and transparency, all things needed to keep up with the demands of today’s customers. The oil industry will continue to grow in the coming years, but only with blockchain technology can it genuinely thrive.
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Where Can You Learn Blockchain Development?
Introduction
Blockchain development is the latest “hot” career in the technology sector. The demand for blockchain talent is growing faster than anyone could have imagined. With an average salary of $150,000, a blockchain developer can expect to earn more than a software developer.
Although blockchain was initially created to support cryptocurrencies, it can be useful for several other sectors. Private organizations and the government can implement blockchain to boost speed and efficiency, increase transparency, and reduce the risk of fraud.
What skills do you need for a career in blockchain
Blockchain development is the process of designing, building, and maintaining blockchain applications and systems. However, there are two primary types of blockchain developers namely; the core blockchain developer and the blockchain software developer.
The core blockchain developer is someone who develops the security and architecture of a blockchain system. Meanwhile, a blockchain software developer creates applications on an existing blockchain platform. You can choose to specialize on what interests you the most.
A career in blockchain can be very rewarding but it requires developers to have a strong set of skills. Below are a few must-have skills for blockchain development.
- Fundamentals of blockchain technology
Blockchain is a shared, immutable ledger that can be used to record transactions and track assets in the network. To become a blockchain developer, you have to know the components of a blockchain and how they all fit together.
- The different types of blockchain technology
A developer needs to know the different types of blockchain networks, their benefits, and drawbacks, and how to utilize them. There are four main types of blockchain technology: public blockchains, private blockchains, hybrid blockchains, and consortium blockchains.
Cryptography is the practice of using security techniques to prevent unauthorized access to sensitive data. Blockchain developers need to understand how to use cryptography and security principles to keep the network secure.
Blockchain developers need to understand one or more programming languages. You should learn high-level languages such as JavaScript, GoLang, C++ or C#, Solidity, Python, and Ruby. You have to be very proficient in the languages that you choose to code with.
A smart contract is a self-executing program based on the agreement between two or more parties. It allows the exchange of goods or services without any third party or intermediary. You should learn how to create smart contracts because this is an important skill in the field.
- Data structures and blockchain architecture
Blockchain technology uses data structures to store and organize data across the system. As a developer, you have to implement them while designing or building applications. You should be familiar with the blockchain architecture too.
Where can you learn blockchain development?
Blockchain technology provides maximum security, reliability, and transparency. Many companies are starting to explore blockchain but there’s a shortage of talent in the field.
After identifying the skills for a career in blockchain, it’s time to actually pursue an education or acquire those crucial skills. Below are the best learning pathways to take:
- A coding language course is essential.
If you have a non-technical background, it’s helpful to kickstart your blockchain journey with a coding language course. You will learn how to develop web applications and understand how to solve real-world problems with code.
- Take courses to learn blockchain basics
As a beginner, you need to understand all there is to know about blockchain technology. So you need courses that will explain cryptocurrencies,
cryptography, dApps (decentralized applications), peer-to-peer networking, cybersecurity principles, and smart contracts.
- Get involved in blockchain projects.
Blockchain development is very hands-on. You can get started with some beginner projects in blockchain. You can also choose to join a DAO or DeFi community and contribute ideas or solutions. Being a part of a project will help you master blockchain rather than watching online courses or reading documentation all day.
- Join blockchain boot camps.
A blockchain bootcamp is one of the best pathways for becoming a blockchain developer. You will learn the concepts, software, and tools required in the field. Some bootcamps can help you transition from Web2 to Web3 as a developer. While others are designed for those with no prior programming experience.
- Complete a professional certificate in blockchain.
A blockchain certificate can help to build your foundational knowledge in blockchain as well as equip you with the latest trends, techniques, and technologies needed for the role. You can complete an online blockchain certificate from anywhere in just six courses (18 credit hours).
- Complete a bachelor of science in computer science degree.
It’s also helpful to complete a computer science or an IT-related degree. Many recruiters and companies often require blockchain developers to have at least a bachelor’s degree. This would also prove useful in the future when you might want to move into senior positions.
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What Are The Disadvantages Of Blockchain?
In theory, using blockchain to assure transparency and security can be a boon to global supply chain relationships. Visit https://bitiq.app/ and register for free to start trading Bitcoin. In addition, the withdrawals on this platform are quick with extraordinary security.
But in practice, many potential pitfalls and hurdles could derail even the most mature blockchain implementation. Here are nine significant drawbacks that you should consider if you’re evaluating blockchain for your finance and tech supply chain:
1. Blockchain Is Not a Cure-All
Blockchain has been touted as the perfect antidote to supply chain inefficiency. But blockchain is not a cure-all and cannot solve all your supply chain challenges instantly. There is no single platform to rule them all and no single tool that will work for every use case. What is more important than searching for the mythical blockchain cure-all is understanding what problems different platforms solve and how you can set up a realistic evaluation process to determine whether blockchain will genuinely benefit your particular challenges.
2. Blockchain Is Not Single-Source
One of the best use cases for blockchain is supply chain finance and transaction processing. But that’s not always the most practical application, and using a single-source, off-the-shelf blockchain can limit your decision-making. There are many distributed ledgers with different goals, strengths and weaknesses. Even in a simple payment transaction, you must consider more than just “is it on the blockchain?” Suppose you’re evaluating blockchain for your finance or tech supply chain. In that case, you need to clearly understand what these ledgers will deliver for your specific needs and use cases – because there are many functional differences among them.
3. Blockchain Is Expensive
The hype around blockchain can be intoxicating and lead you to overlook implementation costs. Set aside some money because it will take time and resources if you want to get a blockchain platform operational. If you’re evaluating a specific blockchain implementation, ensure you have the budget to develop and integrate the solution before starting any implementation work.
4. Distributed Ledger Requires Change from All Parties
Blockchain is an evolution of the way business has been done for ages. It is not a simple replacement of one existing process with an off-the-shelf technology or new business process. It will require changes to how you do business with your partners and suppliers, which can be challenging to swallow. It’s also a potential risk in terms of security if any intermediaries or business partners have access to your sensitive data.
5. There Are No Standards:
Decentralization introduces challenges in terms of interoperability, and interoperability introduces complexity – and complexity results in many more questions about how distributed ledgers work together. In addition, most blockchain platforms are open source, meaning different versions may be maintained by different parties, including third-party developers who may not have the same interests as you. And it also means that your best interests may not be served by the people who maintain the blockchain platform.
6. The Cost of Bad Employee Behavior is much Greater
In the age of distributed ledger, it is essential to anticipate external and internal threats. If a malicious employee can potentially access and manipulate the entire database in a blockchain, then that employee poses an equal or more significant threat than an external hacker. If you don’t take the appropriate precautions to secure your data, whoever holds that data will be at risk. Not all blockchain development teams have security as a priority; develop your solutions for securing access and choose your partners very carefully.
7. Weak Pointer Management – Risks from Buggy Code and Insecure APIs:
Even with the best intentions, bugs can make it into production code. It’s difficult to detect and address these bugs in the source code, but finding and fixing them in the distributed ledger is even more challenging. With weak metadata management (such as no version control), you can create a mess of broken pointers that can result in many kinds of data corruption, including loss and manipulation of sensitive data.
8. Regulatory Changes:
The stability and security of blockchain may be affected by new regulations or new laws being enacted. For example, with European GDPR rules requiring comprehensive records to be maintained electronically and stored on servers within the EU, blockchain technology may be impacted by this regulation moving forward. In addition, regulations may be amended by users to mirror new use cases and applications more closely.
9. Learning Curve:
Please do not underestimate the time it will take for your organization to learn about blockchain technology, evaluate it for use cases and deploy it in the real world. Even with working source code or proofs-of-concept, it can take months to get the technology operating at scale. Therefore, plan for a learning curve and ensure you have the resources available to see your blockchain implementation through design to production and integration.
What Next?
The evolution of blockchain technology is a complex and evolving process. Experts have barely begun to explore all the different types of distributed ledgers, the different use cases for each, the different design considerations at each stage in your supply chain and the different security solutions required at each level. So if you’re looking to evaluate blockchain technology, you’ll want to take a step back and plan.
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Utilization Of Blockchain In Varied Industries
The inability to keep track of global links creates unnecessary and wasteful issues for both the buyer and seller. And talking about Bitcoin investment, you can also start investing in Bitcoin through https://bitcoin-code.app/. The withdrawals on this platform are quick with extraordinary security. In just over a year, blockchain has found its way into almost every industry, from retail to agriculture.
The blockchain network is incredibly resilient due to its architecture, making it difficult to hack or modify the data. As a result, it makes the blockchain an attractive asset for businesses looking for highly reliable and secure recordkeeping solutions that can cut down on customer costs and risk factors and increase customer satisfaction rates.
Blockchain networks allow for total transparency and trust between companies and customers, creating innovative contract-based community systems that are used to transfer sensitive data or provide valuable information.
Recent Advancements:
Given the recent advancements in blockchain technology, it will only become increasingly more prevalent within competitive industries. The financial, medical, real estate and legal industries will all be the first outlets to embrace this innovative new technology before it reaches the entertainment industry in a few years. The advantages seen among these industries are just scratching the surface as it stands now. Companies will soon utilize blockchain across all fields of business to reduce internal costs while also delivering better customer service results. Let’s discuss the use of blockchain in varied industries.
Real estate:
In the real estate market, one of the most important things to determine is the actual value of a specific piece of property. Unfortunately, many individuals have become so interested in finding out the worth of their property that they have resorted to hiring a professional broker.
Brokers are expensive, and they don’t always guarantee an accurate valuation. With blockchain technology, home sellers can take matters into their own hands by having a trusted source to find out their property’s exact value to help decide whether or not to put their home up for sale.
This valuable information will be recorded across the blockchain and then used to analyze real-time purchasing trends. For example, encouraging investors to purchase property, rather than seeing it sit on the market for months, can result in a higher sales price.
Law and legal:
The law and legal industry have become increasingly more technologically advanced as lawyers and judges now use state-of-the-art technology to expedite justice. Blockchain technologies can provide a system that allows storing all case files in one place, allowing easy retrieval of case information.
Furthermore, it is easier for judges to pay for legal services with bitcoin or other forms of cryptocurrency since this option provides 98% cheaper payment options than traditional methods such as banks or credit cards.
The law and legal industry have also started to see the value that blockchain provides as they are now using it to store information on all contracts. Not only does this provide a secure place for companies to keep their important documents, but it also eliminates the need for expensive database solutions.
Music & Entertainment Industry:
The music and entertainment industry is one of the most exciting industries regarding blockchain implementation, mainly because many of these platforms can be used by people for data storage, sharing and distribution.
Blockchain technology can be used as a decentralized ledger that contains information about every artist who has ever recorded music since the industry’s inception. It would be possible for a fan to access this database through an application that could provide them with the necessary data to track down and find a favourite artist.
This kind of platform can also provide detailed information on every song that has ever been recorded in the history of the world. So, for example, a listener may want to know everything about Gucci Mane’s Trap House 3 album, including total sales, album release date and even how many times people streamed each song on each music streaming platform.
In addition, blockchain technology can be used as a way for artists to manage their content, including every song they have ever created since creating their first mix tape or EP. Therefore, it is no surprise that organizations can use blockchain technology to revolutionize the music and entertainment industry, especially since it faces numerous problems regarding content distribution and artist/fan relationships.
By integrating blockchain into its current infrastructure, the music and entertainment industry will work to solve these issues while also promoting content creators. In addition, authorities will soon utilize blockchain across all fields of business to reduce internal costs while also delivering better customer service results. However, although there are many benefits to implementing blockchain systems in all industries, a few drawbacks must be addressed when utilizing this technology.
Challenges While implementing blockchain:
Although blockchain technology has been proven highly reliable, it does come with a few security concerns for businesses who decide to use it for data storage purposes.
Besides security issues, blockchain systems can also be difficult and expensive to implement in existing systems. Some companies have the required skills to implement these systems properly. However, this puts small and mid-size businesses at an extreme disadvantage if they choose not to have one of these teams on staff.
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Sports Clubs And Organizations Adopting Bitcoin And Blockchain
From the athlete at the top of their game to the vendor at the bottom of their business model, all stakeholders want to know that they can trust one another. So, if you are planning to trade or mine Bitcoin, then you may visit https://bit-indexai.com/ and register now. The platform has paid extraordinary attention to detail while designing its user interface. Blockchain, the underlying technology of bitcoin, could be the answer. However, the adoption of blockchain will be slow and cautious until all stakeholders are satisfied that they are protected.
In late 2016, a few sports clubs and organizations worldwide started to adopt blockchain technology. As a result, donations to clubs became a popular way for fans to show support for athletes. Using blockchain smart contracts, donations could be made safely and securely. Clubs also began accepting bitcoin for ticket and merchandise sales.
Bitcoin and blockchain in sports Clubs:
The start of 2017 saw many more sports organizations adopt blockchain technology. Most notable is that the Sacramento Kings basketball team became the first professional sports team to accept bitcoin payments for ticketing and merchandise. In addition, the US-based National Basketball League (NBA) is looking into the possibility of using blockchain to improve the efficiency of its supply chain logistics.
The German national football team already uses a blockchain-based smartphone app to track player performance data during matches and training sessions securely. They believe that blockchain-based apps and mobile software will streamline many processes in the sports industry.
For diverse reasons, people can use blockchain technology to enhance trust in the sports industry supply chain. Likewise, companies can apply this same principle to clubs, leagues, suppliers, and advertisers. In the below-mentioned portion, you’ll learn about why bitcoin and blockchain are essential for sports clubs and organizations adopting bitcoin or considering implementing it in their organization.
Adoption of Blockchain Technology in sports: An overview
Blockchain could completely revolutionize the current relationship between clubs, leagues and sponsors. However, people must overcome many hurdles early before blockchains are widely used. Blockchain technology is often criticized for being slow, inefficient and expensive.
However, because blockchains are based on blockchain technology, they can be powered by cheap, readily available hardware; serious issues need to be addressed before any organization can begin adopting cryptocurrency as a business model. Cryptocurrency must gain widespread adoption before it benefits sports clubs and organizations.
Bitcoin-powered fan tokens:
Fan tokens are the native tokens in a blockchain-based ecosystem. Fan tokens can be used with smart contracts to give fans direct ownership of their favourite player’s future earnings and performance stats. It will positively impact the sports industry by connecting fans to the players they follow and increasing fan retention.
Blockchain technology can be used for:
A global emergency response network using blockchain technology would quickly inform participants of accidents, schedule emergency responses, and track emergency vehicles, including ambulances on the move. In addition, a blockchain system can be developed using smart contracts to automatically implement policy and regulation around marketing, sponsorships and media rights for various sports.
Blockchain-based smart contracts can monitor the state of a transaction at all times. It means that an organization can be confident that it has received all the money it is owed because it can see that the exchange was carried out. All transaction information is present and correct at any time, regardless of where they are in the business value chain.
Blockchain technology would allow faster settlement of international transactions:
Sports leagues, teams, sponsors and players could settle transactions more quickly and cheaply by replacing traditional banking systems with cryptocurrencies like bitcoin.
Crowdfunding sports events:
Crowdfunding from fans is set to grow exponentially over the next few years. The user could use blockchain technology to generate a cryptocurrency token for each individual at the time of purchase. As well as raising money for sports clubs, businesses can use blockchain tokens to crowdfund projects and for charity donations.
As in any industry, trust is essential when business in the sports sector. Sports clubs have always had sponsors, but increasing corporate interest in blockchain technology has created new opportunities and forced significant sports organizations to question their traditional business models in favour of a more decentralized approach that would likely make trust issues a thing of the past.
Legal documentation and contacts:
Blockchain technology can be used to securely store documents, contacts and contracts relating to a sports club’s activities. It would allow the sports club to focus on running their business which would be valuable for cash-strapped clubs that may not have the infrastructure that large football clubs have.
Blockchain technology could also help teams and players find legal representation to ensure they are paid adequately for their services without relying on third-party intermediaries.
Bitcoin for Incentivization:
Clubs could reward their most loyal fans with bitcoin or another cryptocurrency that they can then invest. Fans already use this type of incentivization as loyalty points that people can redeem for merchandise or food at the stadium.
People could use blockchain technology to store data about players. It would give clubs and sports organizations a better understanding of their players and those from rival teams. It would also enable clubs to track player movements and compare them with competition data. It allows smaller clubs to attract top talent before competing teams like Manchester United snap them up. They can make a more informed decision thanks to readily available information on players they have never had access to, giving them an edge over their rivals.
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Secure Real Estate Information Management using Blockchain
With exponential growth in cyber-attacks, it would be a mistake to ignore the potential risks posed by cybercriminals to the real estate industry. Websites like https://thecryptogenius.software/ carter their UI and strategies for both experienced and new bitcoin traders. The platform has paid extraordinary attention to detail while designing its user interface. A blockchain-based strategy can make these transactions more secure and trustworthy by ensuring that all parties follow the same rules regarding sensitive information.
Secure Real Estate Information Management using blockchain
The real estate industry is no stranger to global transactions. The sheer magnitude of international transactions makes them particularly vulnerable to cyberattacks. Any single transaction can involve numerous brokers, agents, and financial institutions across countries and continents. Delays or errors can cost hundreds of thousands of dollars before any proof of wrongdoing is identified and remedied — if it can be remedied by the government at all.
No longer bound by geographic or cultural boundaries, blockchain technology can help data relationships in the real estate and mortgage industry become more secure and trustworthy. This technology provides an irrefutable audit trail by ensuring that all parties follow the same rules with respect to sensitive information.
The real estate industry is estimated to be worth $162 trillion and $29 trillion in residential and commercial real estate, respectively. The industry is highly fragmented, with over 6 million brokers and agents in the United States alone.
For instance, a real estate investment trust (REIT) may issue separate debentures and bonds to raise funds for various international projects. Each multinational company involved in these transactions has its own data collection points that require protection against cybercriminals; the blockchain can help companies protect these points using one shared framework.
Use of blockchain in the real estate industry:
Blockchains in the real estate industry can play several roles.
First, they can be used to securely manage the general information management of participants in the ledger. It is imperative when negotiating with multiple parties. With this information in place, parties can trust that they follow the same rules and procedures and therefore know when to expect their counterparts’ responses.
Second, blockchains provide candidates with a single record system for their real estate dealings and communications about their transactions. It can help reduce errors or delays in transactions or other communications between companies and give customers more comfort that each party is on the up and up when communicating about transactions.
Peer-to-peer real estate marketplace:
The most effective use of blockchain in the real estate industry is its ability to provide a peer-to-peer system of record. It is imperative in real estate transactions requiring multiple parties, such as REITs, which can require hundreds or thousands of shareholders to sign off on corresponding documents and records before closing. An accurate peer-to-peer system could make this process more efficient, allowing each shareholder to access only that part of the ledger they need rather than all shareholders’ information. In addition, this functionality would eliminate the slow pace investors must endure while waiting for their documents to be approved.
Crowdfunding real estate projects:
One of the industry’s most glaring problems involves real estate projects that fail to reach their funding goals. However, crowdfunding platforms have successfully funded many such projects over the years. The blockchain can help make these platforms even more robust than they are today by providing a single pathway for all interested parties to contribute to a project.
Instead of investing funds in private equity, as is common in equity crowdfunding (crowdfunding for companies looking to raise cash), investors could more directly invest in real estate ventures on these same platforms. This strategy could revolutionize the fundraising process for real estate ventures—and open up a new world of investment options for everyday people.
Trusted relationship between buyers and sellers:
The bargaining process can be stressful for many buyers and sellers of real estate. The blockchain can help relieve some of that stress by providing a shared system of record between buyers, sellers, and their agents. In addition, it eliminates the possibility that one party could change or delete information in the middle of a negotiation.
Title management and contract execution in real estate:
Smart contracts are an obvious application in the real estate industry, as a blockchain ledger can manage deeds and titles for real estate transactions. It would improve the efficiency of title searches, document management and contract execution.
Mortgage default fraud:
Mortgage default fraud has been estimated to account for $1 billion in losses yearly in the United States alone. With its irrefutable public ledger, the blockchain system is ideally suited to prevent mortgage fraud. Mortgage loans could be issued on this shared ledger that would record each loan’s progress through the mortgage origination and securitization process. It would help reduce the risk for all involved due to increased transparency and trust between parties.
Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
No Blockchain than Solana has been Hit Harder by the FTX Fallout, Is its End Imminent or Could Make a Comeback?
Over the past 2 years, the Solana network has rapidly risen to be one of the largest blockchains by both market cap and usage. The growth was largely driven by Sam Bankman-Fried who was both a massive investor and voice of the entire ecosystem. The FTX & Alameda were connected to Solana in 4 ways,
- The SOL token
- Solana DeFi
- Ecosystem investments
- Parts of Solana treasury
FTX & Alameda owned nearly 58.08 million SOL tokens, or 11% of the total supply. Meanwhile, SOL price has dropped more than 50% in the past seven days, but it is not clear how much of this has been dumped by FTX compared to the other investors.
Apart from SOL, Solana DeFi also has been a hard hit as the TVL has tanked from $10.17 billion in November to $327 million at the moment. Alongside, Serum, the top DEX on Solana launched by SBF also dropped heavily along with other projects like Magic Eden & Phantom.
Mainly, a critical issue with the Solana DeFi is its wrapped token assets. The soBTC & soETH dumped heavily as they both were backed by collateral on FTX. Lastly, the Solana Foundation had some direct exposure of its treasury to FTX. They have $1M in assets stuck on FTX before withdrawals were paused. They also hold 3.24M common shares of FTX trading & 3.43 million in FTT. Unfortunately, both are heading towards $0.
The Aftermaths of the Impact!
In a recent update, Tether announced the moving of 1 billion USDT from Solana to Ethereum without changing the total supply.
Tether said that it will conduct a chain swap to move 1 billion USDT from Solana to Ethereum to reduce the total amount of circulating supply on Solana. Binance had earlier suspended USDC & USDT from Solana but quickly resumed them, while Okex delisted both on Solana & stopped accepting deposits & withdrawals. Meanwhile, Circle confirmed the normal functioning of USDC on Solana.
Will Solana Bounce Back or Left to Meet its End?
Undoubtedly, the situation for Solana is extremely bad at the moment. However, it does not definitely mean that it’s time to write off Solana. Here are the possible reasons why the network could bounce back finely.
- Large Treasury
- Strong Developer Community
- Thriving NFT ecosystem
- High network activity
Collectively, we are still in the early stages of cryptocurrency, and thus, it is too early to predict whether the Solana ecosystem will die or not. The SOL price and the entire ecosystem may revive similarly to what Ethereum did back in 2018.
The Reason Behind The Sudden Massive Adoption Of Blockchain And Bitcoin
In response to this need for transparency, new technologies like blockchain and bitcoin allow companies to organize data in decentralized peer-to-peer networks that people can share with competitors or suppliers. Platforms like Bitcoin Era provide the best and safe bitcoin trading experience. In addition, the withdrawals on this platform are quick with extraordinary security. Other opportunities result from securely storing raw data, which can be used as evidence when significant incidents occur.
By using blockchain technology, you will gain insights into your business’s network of relationships and strengthen communication between entities that otherwise might not have been able to do so if it weren’t for the technology’s decentralized nature. Also, bitcoin, another superior technology gaining momentum in the finance and tech industry, allows you to transact securely on a blockchain while being protected from malicious attacks using encryption.
With these capabilities, companies can see an increase in their business efficiency as they can create one-of-a-kind networks of people, products, and services to be used as proof in case of a dispute. Another benefit is that it will help you keep track of your inventory’s journey from point A to point B, for example, which can help you make more reputational decisions about where your products are going. But first, let’s discuss why bitcoin and blockchain have started to gain sudden appreciation.
Businesses have realized the potential of bitcoin and blockchain:
Blockchain technology is used in finance to make trading more fluid and prove its legitimacy. For example, the NASDAQ is using the technology to track shares on an exchange and how they move around a network. In addition, businesses are also looking to integrate this new breed of robust but secure technologies with other platforms, such as IBM’s hyper ledger, for their use cases.
Bitcoin’s monetary fundamentals are attracting the interest of some stores in Singapore and Japan as a way to pay for goods or maybe even as a currency. Lastly, blockchain technology is also being used to track transactions from raw materials to final products, showing customers where their goods are going. Brands could potentially use it to gain more trust from their customers, which, in turn, could result in more sales.
Now companies are faced with integrating blockchain and bitcoin into their business class. Here are some ideas that may spark your interest.
Government is using blockchain and bitcoin:
It has also become apparent that China is leading the way in accepting this technology which programmers first developed in Japan. China’s government has put a lot of effort into training technologists about blockchain and bitcoin, which people can find at seminars held by China’s central bank. As a result, many companies now see this technology as a way to store their data and sign contracts.
For example, China Digital Group uses tech for its international remittance services. Other countries in the region, like Russia and South Korea, are also looking at how they can use these technologies to record and track transactions. In addition, governments and financial institutions have adopted the new breed of distributed ledger technology.
Bitcoin is a payment system for MNCs:
Several multinational companies like Microsoft, JP Morgan, Facebook and PayPal have been seeing this technology as a way to act as a payment system for their clients. Furthermore, the oil and gas industry is leading the way regarding bitcoin and blockchain implementation by using bitcoin as a medium of exchange and blockchain to keep track of all transactions on land, which can be helpful in case of natural disasters. Lastly, banks are also trying to incorporate it to keep track of transactions made in the same country but through different currencies simultaneously. For example, IBM has been creating a blockchain-powered currency named Stellar.
Bitcoin has soared as an investment asset:
Bitcoin has started to gain clout as an investment asset. As per the data, bitcoin has gained more than a 900% in value this year. As bitcoin’s value continues to climb, some investors have seen it as a way to make more money. However, even though various governments and central banks have warned people against putting their money in cryptocurrency, it can be highly volatile.
In addition, this new form of currency has gained so much traction compared to its older counterpart, the U.S dollar. While bitcoin has increased by about 900% this year, the dollar has only risen by about 3%. As a result, some investors are starting to see bitcoin as a haven asset and will likely continue seeing its value soar.
Conclusion:
As you can see, implementing blockchain and bitcoin into your business has many benefits. Using the technology, a company can see how certain products move through its business and others it works with. It could potentially avoid significant losses due to loss or theft if they occur, as you would have a paper trail of where products were going at all times.
Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Supply Chains Are Evolving With Bitcoin And Blockchain
Blockchain was first developed as a technology supporting Bitcoin, the most popular cryptocurrency. But blockchain has now been recognized as a potentially revolutionary technology with applications far beyond bitcoin. If you are interested in bitcoin mining, visit http://immediate-edge.pl and open free account. In addition, the withdrawals on this platform are quick with extraordinary security. In the old system, much of the value generated was directly linked to central banks.
There was a level of control that is difficult to imagine now. In the current blockchain and bitcoin economy, we are witnessing the re-emergence of decentralization and authentic peer-to-peer relationships. And not just parties involved in supply chains looking at these changes but governments as well. This technology has enormous potential for future innovation and radical change across many industries worldwide.
Applications:
There are tremendous implications here, and they can be as simple as disrupted delivery schedules or as complex as bringing more transparency to global trade flows through an immutable ledger. These changes by bitcoin and blockchain will ultimately drive cost savings and efficiencies that will be passed on to consumers.
Blockchain technology may allow anyone to buy directly from those who grow their food or produce other goods. However, one of the most significant drivers may be the millennial generation – people born in the 80s and 90s – as they enter their prime spending years and become a more significant percentage of total spending.
For these reasons, several companies and governments are looking at blockchain-related programs that can help change how we do business. For example, supply chains are being looked at, and there is renewed interest in transparency and trust.
Also, bitcoin, the electronic cryptocurrency, is increasingly being used in supply chain processes. While it is too early to determine the financial impact of this technology and its implications for the future of our economy, it’s essential to understand some of the key ideas driving this change and how it may affect us all.
Enhancing traceability:
Blockchain technology is being applied in global supply chains to enhance traceability. It is difficult to overestimate how much this type of transparency would change how consumers and businesses think about their purchases. For example, if consumers could trace foods back to specific farms or fields, they might be more willing to pay a higher price for those products.
Also, because blockchain technology allows transactions and interactions between parties to be recorded in real-time, companies could respond much more quickly to events that disrupt their supply chains.
Cost Versus Benefit Analysis:
Blockchain technology has the potential to save money by eliminating inefficiencies and reducing the costs of doing business. At this point, it isn’t easy to know exactly how much money could be saved across the broad range of supply chains. Still, blockchain underpins significant new opportunities for cost reduction and better quality.
While a source recently reported that about $9 billion was laundered through cryptocurrency exchanges in 2017, much of this probably passed through existing global banking systems. If blockchain technology provided a means for banks to record every bitcoin transaction – something which could happen within a few years – it would be hard to imagine a situation where cryptocurrency exchanges maintain the anonymity of their customers.
Supply chains layered with bitcoin:
Blockchain technology in supply chains is one of the most exciting changes that will likely happen over the next few years. Consumer goods companies will likely start using bitcoin to pay their suppliers – in the same way that many companies now use bar codes on boxes to track their inventory. The advantage here would be reduced costs for both parties.
It is because, with bitcoin, there are no fees for converting currencies and no wire transfer fees like there are with bank transfers. As a result, companies could pay suppliers faster, which means they could respond more quickly if those suppliers can’t fill orders on time. And companies would not have to worry about foreign exchange rates or currency fluctuations (i.e. changes in the relative value of currencies).
As with many new trends, it’s too early to know exactly how this will play out in the marketplace, but what we know is that there are more than a dozen global supply chains that are experimenting with blockchain technology. And as more large consumer goods companies get involved, there should be more information available to help determine whether this technology can change how businesses operate.
Intra-company applications:
Blockchain is already changing how some large consumer goods companies use the technology for intra-company applications. For example, an MNC recently used its distributed ledger to track carbon emissions as part of a program to help its suppliers comply with environmental regulations. It’s also possible that other companies could start using blockchain for their internal operations. In particular, there is a lot of interest in developing applications that track and trace products throughout their life cycle.
Blockchain can play an even more significant role in improving supply chains. For example, when one company purchases raw materials from another company and then uses those inputs to create products for sale – as happens in manufacturing plants – we need to be confident that we have the appropriate records proving where things came from and how people transformed them into finished goods on our shelves.
Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Perks Blockchain Can Offer To Industrial areas.
The most notable aspects of industrial relationships that are often overlooked, but could be a significant contributor to blockchain success, are the significant impacts that supply chain operations have on industrial areas. Bitcode Method platform provides the best bitcoin trading experience with a low initial deposit. The withdrawals on this platform are quick with extraordinary security.
With blockchain making it possible for an entirely new type of economy to blossom within these areas, there is potential for improvement and development of local governments to get involved with proper guidance and support. Here are some of the best perks supply chains can provide to already-thriving industrial communities.
New Jobs and Opportunities
While they often have hard-working and skilled workers, industrial areas are some of the most economically depressed areas in many countries. New jobs and opportunities for growth can be a great thing for these communities and help them branch out into other regions or industries.
Not only do they offer excellent experiences, but blockchain also creates several jobs that aren’t just entry-level but need employees with experience in specific fields or industries. It can help bring much-needed diversity to the region and bring about new growth and new experiences for workers.
New Dividends or Profit Sharing
Blockchain may not be able to create a full-scale profit-sharing system (at least not yet). Still, it can offer significant dividends to industrial areas directly related to blockchain. Whether this is through local government ownership of a supply chain or state investment in the industry, there are many ways that these areas can benefit financially. It may not be as lucrative as an actual profit-sharing program, but it is still significant enough to make a difference in hard-working communities.
The Ability to Offer New Services to Existing Businesses
A real benefit to a blockchain is not just the abilities it can provide for new businesses but also existing ones as well. For example, if a supply chain in place still requires paper or even manual interactions, it can significantly benefit from the introduction of blockchain. Not only could it help increase efficiency and reduce costs, but it can also help improve security and add new services that an individual business wouldn’t have been able to take advantage of before. Blockchain helps open up opportunities for all businesses, regardless of size or shape.
More robust Security against Fraud and Identity Theft
Another perk that blockchain has is protection against fraud and identity theft. Not only can blockchain provide a more substantial level of security, but it can also improve the security of transactions. Though risks still need to be considered and addressed, blockchain will help prevent most fraudulent efforts through digital currency. While it is possible to combat fraud with various other means, blockchain has shown itself as one of the more effective ways to fight against fraud.
New Technology Helps Local Communities:
Though there are many ways that blockchain will help industrial areas, not all industries should necessarily adopt this technology. For some parts of industries that become outdated or quite don’t offer much room for growth, it can make more sense to stay away from this technology entirely.
Quality assurance:
Some industries are not conducive to blockchain management. For example, if there is a health risk associated with a product, then the addition of blockchain technology can be counterproductive. In such cases, it’s best to stick with conventional methods and use blockchain only when needed. Of course, it’s great if an industry can provide new services and offer improved ways of doing business. Still, it will genuinely be beneficial only if the quality remains high.
When there are concerns about data security and possible inaccuracies, customers don’t want to take any chances because this could otherwise mean dire circumstances. Therefore, quality assurance is more about having a clear set of standards and remaining compliant with them rather than any digital additions. An industrial area mustn’t adopt blockchain technology to follow fads or trends.
Energy supply:
The most prominent problem that blockchain could face is the issue of energy supply. Though many people know the close ties between blockchain and power plants, it’s essential to understand whether or not they can create a source of energy that works. It may seem like a no-brainer, but having access to cheap and reliable energy will help increase efficiency dramatically.
Taxation:
How an industrial area handles taxation is hugely important due to how much it affects its economy. If an industrial area does not use blockchain, this complicates the entire process.
Disclaimer: This is a guest post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
Next Block Expo 2022 – One of the biggest European events linking startups, investors and blockchain community
With a pitch contest, curated networking sessions and a dedicated mobile app to link people, projects and investors, Next Block Expo’s ambition is to become the most promising networking opportunity for the european blockchain community in 2022.
The first edition of the Next Block Expo event with a few thousand attendees will be held at the Berlin Station venue on 23 and 24 of November, linking the most influential people and projects in the web3 space. Brands that joined the event include: Ethereum Foundation, Binance Chain, Cosmos, Polygon, Near, Tezos, Solana, Aleph Zero and ohers.
With presentations and talks at the main stage, roundtables, workshops and fireside chats, NBX is an excellent opportunity for startups and already established blockchain companies to discuss current challenges and new trends. For blockchain community it will be a unique opportunity to meet that many well-known brands under one roof.
“We know the value of networking and collaboration in blockchain. Our goal is to facilitate the process and create friendly space and innovative tools for everyone to connect, discuss and share ideas, as well as help startups to raise capital and investors to find golden opportunities” – says Next Block Expo co-founder Tom Kopera.
All Next Block Expo attendees will get access to a smart-networking app dedicated to the event where they can:
- Find a list of attendees that fit their needs based on match-making algorithm
- Chat & schedule 1:1 meetings with other conference participants
- Create own, personal agenda for the conference by picking relevant sessions
- Learn about promos, special offers and side events prepared by companies attending NBX and partners.
Organizers, in collaboration with blockchain communities, prepared several special experiences, including:
- Dedicated content and networking coffee for Women in Web3
- NFT Exhibition by Tezos & NFT Club Berlin
- On-site podcast studio for interviewing founders run by Wom3n.DAO
- Christmas Networking Session by TheStandard.io & DAO Researcher
- Luxury cars exhibition by MetaDrivers
One of the unique events planned to link investors looking for opportunities with startups seeking financing is the pitch contest. It is designed for early stage web3 projects to present their idea and solution they are building to a group of specialists. Web3 founders will be able to quickly pitch their idea to a group of angel investors, venture capital firms, software houses and industry veterans. At the end of the pitch contest, 3 best projects will be revealed by the jury.
“This is a unique opportunity for founders to pitch their ideas, gather worthy feedback, make valuable connections and acquire funding for their future ventures.” – says Tom Kopera.
Next Block Expo is an extension of the previous event series held under the name Cryptocurrency World Expo over the last six years. The 2022 edition will be held on a scale of a few thousand attendees and 100+ speakers.
Berlin Station venue, where the event will be held, will offer 6 content themes for attendees related to DeFi, blockchain gaming and GameFi, scaling and infrastructure, web3 discovery and fundraising and investing.
For more information, check out the website https://nextblockexpo.com/
Follow NBX on social media: https://twitter.com/nextblockexpo/
Resources for participants, sponsors and exhibitors: https://linktr.ee/nextblockexpo/
Press contact:
Kacper Juraszek
[email protected]
https://t.me/kacperjuraszek
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A New Dawn of Blockchain Lending with Nolus
DeFi has made significant progress towards being a blockchain-based tech offering a system of financial rails parallel to traditional financial infrastructure.
To scale up the digital innovation ecosystem and give new momentum to fintech, financial projects are figuring out how to integrate next-gen technology with finance. New technologies like 5G, cloud, big data, and AI are forging new paths in finance by leading humanity into a new era – from connecting individuals through connecting things to developing a fully connected, intelligent world. As the world enjoys these intelligent systems and smart homes, the finance sector is reaping from intelligent computing and automation capabilities through blockchain technology.
Blockchain birthed decentralized finance (DeFi), an emerging and exciting financial technology giving centralized finance a run for its money. DeFi is building the future of finance through a new and innovative financial infrastructure, stepping away from the existing financial one used by traditional finance (TradFi).
DeFi is on an upward trajectory, with new financial models coming up in this ecosystem each day. Thanks to DeFi, we have investment tools such as liquidity mining, staking, and DeFi Loans. Decentralized exchanges, among others. How is DeFi able to maintain this growth path?
Decentralized Finance as an Ever-changing and Ever-growing Space
DeFi is a blockchain-based technology spearheading foundational change in finance through the facilitation of entirely new financial products and services that reduce the reliance on legacy gatekeepers and TradFi industry stakeholders. Let us briefly explore DeFi’s transformative effect on finance today.
DeFi Lending/borrowing and DeFi Staking
One of DeFi’s most common use is in protocol-specific money markets. Users can borrow, lend, and stake crypto assets by providing liquidity to a chosen protocol in different types of collectivized liquidity pools.
One issue in DeFi lending that most investors are wary of is the over-collateralization of digital assets. Over-collateralization raises the question, why don’t users receive the amount similar to what they provide as collateral? The answer to this is that protocols need to be kept safe so that they don’t become insolvent and because of this need for safety, the said protocols offer over-collateralized loans. Under-collateralized loans do, in fact, exist as an alternative. They ease burden for borrowers and allow lenders to get more for their provided liquidity due to higher utilization levels. Under-collateralization is preferred as it is more user-centric and offers better financial efficiency.
Currently on-chain under-collateralization too comes with a few trade-offs such as some implementations relying on trusting the borrowers leading to the protocols whitelisting only certain borrowers or even restricting the eligible set of both lenders and borrowers. Such a solution is not permissionless and to rid the lending ecosystem of this hurdle, Nolus goes a notch higher by:
- Making it possible for the borrower to get more than they provide;
- Coming up with an entirely permissionless feature where no restrictions exist on who can be a lender or borrower.
Decentralized Exchange Platforms
A Decentralized exchange (DEX) is a peer-to-peer marketplace connecting crypto buyers and sellers that is non-custodial, i.e., a user remains in control of their private keys when transacting on a DEX platform. Since no central authority controls DEXs, the platforms deploy smart contracts that self-execute as per their set conditions and record each transaction to the blockchain.
In addition, we have standalone DeFi projects with novel technologies built within themselves that are changing the finance scene in their own right. One of these projects is the Nolus Protocol, bringing the world’s first DeFi Lease to decentralized finance.
The Nolus Protocol Pioneering Innovative Changes to DeFi
As an upcoming Web3 financial suite, Nolus comes up with innovative money-market approaches with their unique lease solution to further revamp the DeFi space. They have an inclusive, intuitive, and easy-to-use solution to empower mainstream adoption of DeFi. The goal is to merge TradFi and DeFi using a holistic approach that leverages different financial tools and the advantages that decentralized finance brings to the table.
Leasing/lending on Nolus
The protocol incorporates traditional lease financing into DeFi Leasing by bringing a solution that most people are used to – buy now, pay later. Without requiring users to be finance experts, they can secure a larger amount of a desired digital asset than their current equity balance without worrying about hard margin call formulas or complex lending fee structures.
Fiat on ramping is a proposed part of the Nolus DeFi lending mechanism, a work-in-progress really, where users can exchange fiat currencies for crypto. Upon launch, users would be able to take advantage of this DeFi Lease solution. When the fiat on-ramping comes to fruition on Nolus, users can transfer fiat or crypto from a bank account/debit/credit card/ crypto-enabled wallet, make a down payment in the amount desired, and approve the smart contract.
With the Nolus Defi Lease, users have the full freedom to customize the parameters of the on-chain contractual agreement.
Some key features of the DeFi Lease include:
- Financing up to 150% on the initial investment.
- 40% lower liquidation rates compared to the market average.
- Total costs of financing and transactions are low.
- Asset ownership lies within the user.
- Self-repaying loan mechanisms.
Integrating Divergent Finance Services into one Platform Contributes to the Growth and Adoption of DeFi
The wide-scale proliferation of DeFi technologies, such as the Nolus Protocol discussed above, gives rise to a new paradigm of financial products and services leveraging blockchain and tokenized digital assets. Users can use DeFi as an investment tool to access other financial instruments such as lending, staking, derivatives trading, borrowing, or even Nolus’ novel DeFi Lease solution.
To learn more about Nolus and its unique products and services, visit their socials:
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Terra LUNA To Introduce NFT Minting on its Blockchain
The Terra Luna ecosystem has introduced a new feature geared towards NFT minting on its blockchain. According to a detailed step-by-step YouTube tutorial, digital art enthusiasts can now mint NFTs on the Terra Luna network with minimal technical knowledge.
Following the Luna-UST crash earlier this year, the Terra ecosystem is working hard to regain its lost glory. Moreover, the Terra network had grown to the top ten coins by market capitalization, over $40 billion, before the May crash.
Through its strong online communities, the Terra network has risen from the ashes in the past few months. Notably, the Terra Twitter account boasts over 1 million followers.
The NFT market has shown tremendous potential, particularly in the metaverse and play-to-earn industry. Additionally, the NFT market is largely unregulated, thus a soft spot for speculative trading.
Terra Luna Market Outlook
The Terra Luna ecosystem has attracted significant investment from developers and angel financiers seeking to tap into its vibrant community dubbed the #Lunatics. Furthermore, blockchains have shown a high correlation between online communities and long-term prosperity.
The Terra Luna ecosystem recorded high onchain activity in September, with several protocols launching on the blockchain. The LNS (Luna Name Service) network launched their on-chain profile tool, where users can register a .luna domain last month.
Additionally, Soil Protocol completed phase 2 of its roadmap by launching new Terra NFT tools. The Zodiac Protocol went live last month on Terra’s testnet in preparation for the mainnet release.
Other notable on-chain activities on Terra blockchain during September included the Coinhall release of its DEX aggregator, Hallswap v3. Meanwhile, TerRarity also launched its NFT aggregator in September, whilst Harbor Protocol announced an airdrop to LUNA stakers.
Consequently, Luna’s price has gained approximately 55 per cent in the last two months to trade around $2.39 at reporting time. Nonetheless, the asset has lost approximately 87 per cent from its ATH, around $18.87, which was set on May 27.
According to market data provided by Coingecko, Terra Luna has a market capitalisation of approximately $378,949,521. Additionally, the Terra Luna network reported a daily traded volume of $127,000,112. Notably, the Luna tokens have a circulating supply of 160 Million coins and a total supply of 1.04 Billion.
By tapping into the NFT market, the Terra Luna network anticipates adding more to its on-chain activity. Moreover, decentralised application developers are seeking a relatively reliable and affordable blockchain to build.
As such, the Terra Luna ecosystem is determined to provide the safest smart contract in the layer two industry.
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Elon Musk Rejects SBF’s Proposal to Integrate Social Media with Blockchain Technology
Since the deal’s completion on October 28, multiple aspects concerning Elon Musk’s acquisition of Twitter have been revealed online. These include some plans for content moderation, other parties interested in the deal, and much more.
A trove of messages published as part of the legal battle over Elon Musk’s attempt to cancel his acquisition of Twitter has revealed desperate efforts to pull the $44 billion transaction together with assistance from a cast of high-profile Silicon Valley allies.
Hundreds of messages between Musk and his associates from the beginning of 2022 showed the billionaire entrepreneur had conversations with Twitter’s management and board, his Morgan Stanley advisors, potential investors like FTX CEO Sam Bankman-Fried, and unanticipated backers like podcaster Joe Rogan.
Sam Bankman-Fried, CEO of crypto exchange FTX, expressed early interest in investing in Twitter when Musk purchased a large share in the company in March of this year. He has also expressed interest in using blockchain on Twitter.
An advisor to Sam Bankman-Fried, Will MacAskill, texted Musk on behalf of SBF, writing, “I’m not sure if this is what’s on your mind, but my collaborator Sam Bankman-Fried has for a while been potentially interested in purchasing it and then making it better for the world.”
In Musk’s reply, he questioned whether SBF holds the huge amount of funds that are required for the deal, to which MacAskill stated that Sam Bankman-Fried was worth an astounding $24 billion and was willing to invest somewhere between $8 billion and $15 billion over the Twitter Deal.
Some other senior executives from the crypto and banking area, FTX, also contacted Musk to see if he could find common ground with SBF, who had a grand vision for blockchain and social media integration.
Musk, however, rejected the suggestion and said that he was not interested in engaging in a “laborious blockchain debate” with SBF.
While speaking to a banker from Morgan Stanley Musk explained:
“Blockchain Twitter isn’t possible, as the bandwidth and latency requirements cannot be supported by a peer-to-peer network, unless those ‘peers’ are absolutely gigantic, thus defeating the purpose of a decentralized network”.
Building social media platforms on top of blockchain technologies has attracted the interest of countless leaders. They think blockchain will promote data democratization. But thus far, not enough has been done in this direction.
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How Global Blockchain Teams Stopped Over $470 Million BNB Being Hacked
On the 6th of October, BNB Chain ground to a sudden halt after experiencing a massive exploit. By attacking one of the main bridges within the blockchain system, hackers were able to exploit faulty code to mint tokens at a rapid rate.
In the span of only a few hours, they’d created nearly $600 million in value, which they were starting to rapidly liquidate off the platform. Yet, due to the fast reaction of validator teams, the chain was able to prevent the vast bulk of capital from leaving the ecosystem.
In this article, we’ll turn toward these BNB Chain validators, demonstrating exactly how their fast action and international response managed to save the platform, its customers, and investors, millions of USD.
Let’s get right into it.
What Happened?
The BNB Chain, which is a blockchain that aligns with one of the world’s leading crypto exchange platforms, Binance, experienced an exploit. Hackers were targeting the BSC Token Hub, a central bridge within the infrastructure of the chain.
By finding an exploit in the bridge, hackers were minting additional BNB tokens at an alarming rate. These hackers were effectively able to create new cryptocurrency directly for themselves, quickly siphoning off the capital they’d created into their own accounts and liquidating it.
Within 90 minutes, the hackers had created nearly 2,000,000 new BNB coins. Before the hack was noticed, this figure was worth around $570 million USD. The team of hackers began to liquidate this huge figure, taking it off the chain as quickly as possible.
Luckily, validators noticed the strange activity and rapid mining of new BNB and sprung into action. By alerting the right people and freezing the chain, they stopped the hackers from withdrawing the total sum.
Instead of the full $570 million, those that capitalized on the exploit were only able to steal around $100 million worth of BNB. While this was still a major impact, which has caused the BNB token to trend down in value since the attack, this was only a small percentage of the full harm that could have been done.
Do We Know Who Capitalized on the Exploit?
As of the 24th of October, Binance has released information to the public claiming that they’re getting close to narrowing down who did the hack. With help from law enforcement, they have a better idea of who could have committed the exploit.
That said, they’re still not certain, with the $100 million that was stolen seemingly having vanished completely. While the BNB chain is working on fortifying their bridges, Binance has devoted itself to finding the perpetrators of the crime.
How Validators Saved the Day
It’s undeniable that the quick reaction from BNB chain validators was the salvation in this scenario. If they hadn’t noticed the strange events from the bridge so quickly, then the hackers would have had significantly more time to liquidate even more funds.
Considering they managed to move $100 million from the system in only 90 minutes, the difference between finding out 30 minutes later could have been disastrous for the ecosystem. The BNB Chain has 26 unique validators, spanning across the whole globe. Due to their vigilance, the system was able to respond quickly and neutralize the threat as rapidly as possible.
Yet, the support that validators supplied didn’t just stop there. After the event, the BNB outage was hemorrhaging money for the entire system. All validators had stopped services when the blockchain stopped, meaning they needed time to get back up and running once the blockchain was ready to recommence.
Without validators, DeFi applications cannot run properly, making the vast majority of tertiary blockchain applications on the system fail to function. This creates a snowball effect, causing even more problems down the line.
One of BNB Chain’s validators, Ankr, provided the solution where. Ankr’s RPC services were extremely quick to respond after the BNB outage. Unlike other validators, which hesitated in bringing their services back online, Ankr’s RPC services immediately resumed the moment that BNB Chain relaunched.
During the outage, Ankr’s RPC server remained directly pegged to the blockchain, ensuring that all data was in accordance with the moment the ecosystem came back online. Ankr was able to do this, in part, due to the international team they employ. Instead of being focused in one particular region, Ankr spreads their DevOps teams around the globe.
With this approach, they’re able to cover a 24-hour window, with time zones allowing a team of engineers to constantly be active, online, and ready for response. Their international placement of teams reflects the central ideals of blockchain – with the spread of decentralized teams reflecting the placement of international nodes.
Instead of banking on one particular country or focusing efforts in one region, Ankr’s international approach to DevOps allowed them to alert the system, come back online instantly, and allow BNB Chain’s DApps to continue functioning.
Ankr was one of the fastest responders to the incident, developing, testing, and releasing security updates in less than 30 minutes. Their response demonstrates the commitment that validators have to their ecosystems, with Ankr exemplifying a near-perfect crisis response.
Final Thoughts
As decentralized systems, blockchain networks rely on the validators they have available to them. As these systems continue to grow in popularity, as well as accumulating more total funds, they will become even more of a target for exploitation. While decentralization is a strength of the system, it also leads to a range of potential security issues when information is not shared.
By working with validators, blockchain networks are able to bring further levels of security, monitoring, and due diligence to their systems. Ankr is a fantastic example of how enriching it can be to work with validators.
From speeding up the daily transaction speeds of ecosystems to providing a level of support, these are vital for blockchain’s success. If this event has taught us anything, it’s that blockchain systems must create international teams to help them respond to incidents. A critical event can occur at any time – we must be ready when they come.
Plona (PLON) Stage One Presale Can Sell Out and Surpass Quant (QNT) and Cardona (ADA) in the Blockchain Industry
Cryptocurrencies are the hot topic of the moment. As more people worldwide look for alternative ways to manage their finance, they turn to the blockchain industry to fulfil this need. The traditional centralised method of making transactions is going out the window. Cryptocurrencies like Quant (QNT), Cardano (ADA), and Plona (PLON) are promoting the decentralised finance (DeFi) ecosystem. Plona (PLON), a recently released coin, is at the forefront of this initiative, making headlines.
Quant (QNT) suffers a 9.3% loss, worrying its investors.
The Quant (QNT), created by CEO and founder Gilbert Verdian, is a cryptocurrency on the Ethereum blockchain. The platform serves fintech developers, banks, asset managers, and other financial institutions. Quant (QNT) aims to connect public blockchains and private networks, enabling linking and flexibility between global networks and chains.
With aims to connect blockchain and networks, Quant (QNT) was developed to bring forth what Gilbert Verdian calls the “Internet of Trust”. Quant (QNT) is down by 9.30% and is looking to recover from a poor week. At a price of almost $200, new-time investors might want to consider cheaper options in the crypto market.
Cardona (ADA) loses 8% of its worth over the past week.
Cardano (ADA) was established based on peer-reviewed research and is regarded as the first proof-of-stake platform to apply tested techniques for application development. Some of the most well-known people in the industry make up its engineering team. Cardano (ADA) is giving its customers the security and stability they need to run their decentralised applications through technological advancements.
Charles Hoskinson, an Ethereum (ETH) platform co-founder, developed the cryptocurrency Cardano (ADA) in 2015 intending to foster innovation and positive change in society. About $422 million worth of Cardano (ADA) tokens were traded in the last 24 hours. Cardano (ADA) is down by 8% and is looking to make a comeback in the following week.
Plona (PLON) can sell out 140 million tokens during the stage one presale.
A team of luxury car enthusiasts and blockchain experts created Plona (PLON), an Ethereum-based cryptocurrency blockchain. The team wants to bring luxury cars to the blockchain industry by providing a way for crypto investors to own a fraction of their favourite exotic automobiles around the world for $29. Plona (PLON) will provide its users with exclusive networking events by partnering with premium car dealers.
Plona (PLON) token holders will also benefit from a 2.5% transaction fee on all network transactions. The team has also dedicated 2% of Plona (PLON) tokens to a charity of the community’s choice. Plona’s (PLON) phase one presale has started with 140 million coins available on launch. Investors have already speculated all 140 million tokens will sell out before the presale stage ends.
Learn more about Plona (PLON) and join its presale using the following links:
Presale: https://buy.plona.io
Website: https://plona.io
Twitter: https://twitter.com/plonatoken
Telegram: https://t.me/plonatoken
Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.
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Blockchain Security Company Hexens Raises $4.2 million in Seed Funding Led by IOSG Ventures’
With the funding, Hexens will expand horizontally by increasing its top-notch cyber security service coverage and vertically by developing products that aim to impact the field on ecosystem grade.
Hexens, a cybersecurity boutique and blockchain startup, announced the closure of a $4.2 million seed round led by IOSG Ventures, the leading Web3 Venture Capital.
Other investors include Delta Blockchain Fund, Chapter One, Hash Capital, ImToken Ventures, Tenzor Capital, and angels from Polygon and other blockchain projects.
Hexens disrupting products impact the ecosystem
Since Hexens was founded in 2021, it has had an impressive track record and recognition in the industry: Mudit Gupta – CISO of the biggest EVM Ecosystem – Polygon Technology, joined the company advisory board after completing just a single cooperation iteration.
The Hexens approach to security is on its way to scale: combining brave ideas together with an extensive Web3 market vision, first products from the company will be available in late 2023..
“Blockchain is one of the fastest growing fields and, as many believe, the future of money. Fast growth brings huge cybersecurity risks and as we see it now, the technology faces the risk of not achieving mass adoption if we do not address the rising threats of cybercrime in an appropriate manner.”
Sipan Vardanyan, the CEO of Hexens, said in a statement.
“$2B lost in crypto hacks only in 2022 shows the importance of thorough cybersecurity practices and the high demand for first-class cybersecurity services. We are excited to partner with the stellar Hexens team on the mission to make Web 3.0 a safer place. The team’s expertise in ZK technology positions them well to ensure the next wave of industry innovations. Moreover, products being built by Hexens have the potential to become a standard toolkit for each developer and security researcher in the blockchain space,” said Queenie Wu, the partner at IOSG Ventures
“Our unique methodologies and techniques that we have sharpened over a decade of business in cybersecurity enable us to see what the premature blockchain market really needs.
In the near future, we plan to release our first products to help builders, security engineers, projects, companies, and whole blockchains and ecosystems have peace of mind and stay safe.” Sipan added.
“Today, many businesses face a single point of failure, while depending on technologies that store assets on-chain. Our main goal is to set new standards and raise the expectations of what cybersecurity solutions could do.” Sipan also added.
About Hexens
Hexens was founded by two multiple-time Capture the Flag competition winners: Sipan Vardanyan and Vahe Karapetyan, in the professional environment more known by their nicknames — Noyer and kemmio. After more than 10 years of providing classical cybersecurity services in the Web2 industry, they decided to focus on blockchain technologies to develop and implement new standards of security in the field, with the goal of bringing Web3 mass adoption closer than it is.
Hexens security audits
Hexens has multiple top-notch auditing teams specialized in different fields of information security, showing extreme performance in the most challenging and technically complex tasks, including but not limited to: Infrastructure Audits, Zero Knowledge Proofs / Novel Cryptography, DeFi, NFT..
“Most of our auditors and security engineers have a scientific background in cryptography, computer science, or math, together with previous, let’s call it, Web2 security experience.
Considering our recruitment approach and Hexens’ philosophy, it often happens that we refuse to audit simple ERC20 tokens or other projects like that: the more complex the project the more attractive and interesting it is for us.” – Vahe, the CTO of Hexens.
Hexens cybercrime investigations
Besides security audits, Hexens’ also investigates and responds to security incidents. Multiple-time OSINT competition winners are the constituents of the investigation department, with combined expertise in both on-chain and off-chain analysis techniques to deliver the most sophisticated cybercrime investigations.
Within the last 9 months, the investigations department identified and deanonymized hackers and returned assets worth more than $13m to their rightful owners.
“No matter how sophisticated the software is that is being used for on-chain investigations, it’s only half of the story: the other half comes to manual analysis of off-chain data. My team consists of OSINT specialists and ex-police detectives, and their experience permits us to achieve astonishing results.” – Grant, Head of Investigations of Hexens said.
Press contact
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