that Klaytn is the best suitable blockchain to develop its technology and other products. It further added that the team plans to deliver more blockchain applications to promote the ecosystems. AntNet is a mobile storage and data transfer infrastructure solutions network, which recently launched the Antube mobile video content sharing application. Its underlying ANT blockchain is built on a peer-to-peer protocol specifically designed for mobile platforms and IoT. Antube was built in partnership Klaytn, and the mobile content community has managed to gather millions of users. Commenting on their partnership with Klaytn, AntNet Co-founder Jared said that they are focused on building their community to increase their user base and attracting mainstream internet users to the crypto-blockchain space. Jared further added. Klaytn recently launched its KlayTnPhone blockchain system, which was offered in the Samsung’s latest Galaxy Note 10 and Note 10+ models in South Korea, the world’s first blockchain-friendly mainstream smartphones. The phone was pre-installed with Klaytn powered Antube application, which signifies its importance for the AntNet network.

participating service partners. A majority of them attended via Google Hangouts while a number of them visited our Ground X office. Dedicated to providing user-friendly blockchain experience for users, Klaytn has partnered with over 50 blockchain projects in various industry domains including payment, finance, healthcare, entertainment, gaming, etc. For detailed information on Klaytn BApps, you can refer to or. Klaytn is also partnering with various players that enhance the usability of Klaytn BApps including software/hardware wallets, device manufacturers, financial institutions, global NFT (Non Fungible Tokens), marketplaces, etc. to further expand the blockchain ecosystem. Through this, we plan on improving the variety and convenience of accessing Klaytn-based blockchain services. For more information on our partners, you can refer to the recently released. At the gathering today, Jason shared the vision and roadmap of , the digital asset wallet service set to launch in a few months via messenger service. Klip allows users to store and transfer digital assets including Klaytn’s token KLAY and Klaytn compatible tokens, along with NFT’s. Users can also browse a number of Klaytn BApps through Klip. Jason also introduced the blockchain API service that would considerably lower the hurdle for building blockchain applications. Typically, the developers need to utilize the Smart Contract programming to build blockchain applications; however, our blockchain API service can alleviate such difficulties by offering various functions in the cloud computing service for developers to easily utilize. In the first half of the year, Ground X will release a Klip-focused internal version, with further plans to release the official by the second half of the year. The event ended with Q&As and discussions between partners and the Klaytn team. We seek to continue enhance the development environment for developers to easily build and operate blockchain applications. And together with our partners, we look forward to producing user-friendly blockchain services. We will also continue building more partnerships to trigger the mass-adoption of blockchain experience for millions of users across the world. Further, we seek to continue holding more meetings to further strengthen communication and also lead our journey together toward driving mass blockchain adoption. Thank you. [About Ground X]Ground X is the blockchain affiliate of the leading South Korean Internet company, Kakao. With a mission to trigger the mass adoption of blockchain experience for millions of users, Ground X is developing a public blockchain platform, Klaytn. Ground X invites businesses to not only offer cutting-edge blockchain-based services through Klaytn but also collectively operate the platform. Ground X is committed to making blockchain technology easy to reach and use, paving the road for a wider audience to appreciate its value. In doing so, Ground X also focuses on leveraging blockchain to drive social impact and creating a stable blockchain ecosystem. For more information, visit. [About Klaytn]Klaytn is a global public blockchain platform developed by Ground X, the blockchain subsidiary of the leading South Korean Internet company, Kakao. Klaytn is a service-centric blockchain platform providing intuitive development environment and friendly end-user experience. It is built upon solid reliability and significant stability with substantial service development for mass adoption. The platform allows real world applications of large scale to be produced right away so that our end-users can make full use of services without much expertise in blockchain or cryptocurrency. [Klaytn official community] Written by

decentralized token swap tool called ‘Klaytn Swap’ using its ‘Orbit Chain.’ Through the new devtools partnership, Ozys plans to build various blockchain-based protocols and modules for the Klaytn ecosystem. Ozys will first work on enhancing ‘Klaytnscope,’ the block explorer that monitors block activities on the Klaytn platform. It will also optimize ‘Klaytn IDE,’ the web-based compiler that allows developers to build Klaytn smart contracts without installing a separate development tool. Further, Ozys will develop more protocols that can organically connect Klaytn network, blockchain applications, and users. We will offer active support for Ozys including development support and co-marketing programs. Thank you. [About Klaytn]Klaytn is a global public blockchain platform developed by Ground X, the blockchain affiliate of the leading South Korean Internet company, Kakao. Klaytn is a service-centric blockchain platform providing intuitive development environment and friendly end-user experience. It is built upon solid reliability and significant stability with substantial service development for mass adoption. The platform allows real world applications of large scale to be produced right away so that our end-users can make full use of services without much expertise in blockchain or cryptocurrency. [Klaytn official community] Written by Written by

conferences like these will be postponed until public events are possible again. We noticed that this presentation didn’t get as much traction as it deserved on SFBW’s YouTube channel, therefore we decided to redigest it, along with a brief summary of the most interesting talking points. As you might notice, our summary will discuss the first part in more detail while for the latter, we’ll provide some overview material from the technical documentation as it’s our opinion this part is definitely worth the watch! We plan to dig a bit deeper and provide more context on the technical design of the Klaytn blockchain in several of our future “Learning Klaytn” episodes. is where blockchain startups, enterprise companies, academics, developers, and investors from around the world come together to define the future of blockchain and cryptocurrencies. Last year, Klaytn held their exhibit booth at SFBW Epicenter @ Marriott Marquis from October 31st to November 1st. One of Klaytn’s slogans is “making blockchain invisible as a means to achieve mass adoption” Achievements Compared to the transactions per second in web services or mobile app services, basically people cannot wait for more than 2 seconds. So if you can achieve 1-second finality, then it means that the person will not realize if it’s a blockchain-enabled service or not. Usually when talking about blockchains people think: With a 1-second block finality and 4,000 TPS it’s possible for any company to implement Klaytn platform into their services and it will not provide any problems to the users in terms of UX perspective. This is why we can say Klaytn is a service-oriented and enterprise-ready public blockchain platform. Kakao Talk Messenger is a dominant messenger platform in Korea with around 50M daily active users. Now, this doesn’t mean that Klaytn boasts these numbers but they can definitely aim to leverage them towards BApps. Simply said, whenever someone decides to code a DApp on the Klaytn platform, then the 50M users of the Kakao Messenger Platform can become their potential customers. Kakao is developing applications for numerous services as can be seen on a screenshot of. This means that teams developing BApps on the Klaytn platform can focus on whatever part of the economy they prefer and then try to leverage Kakao’s existing client userbase. From the Kakao Talk there’s a menu via which users can navigate to the Klaytn wallet. Klaytn plans to integrate the wallet and the native cryptocurrency KLAY into the Kakao Talk messenger platform. Back in March, Kakao announced plans to integrate a Klaytn wallet, aka Klip, in its Kakao Talk messenger. Based on the existing 50 million user pool, GroundX is putting their best efforts for a soft landing for the mass adoption of Klip. One more fun fact: We recently launched the Klaytn Phone, which is a Galaxy Note 10 manufactured by Samsung. This cooperation marks a huge achievement for Klaytn. Samsung integrated the Klaytn native token KLAY into their cryptocurrency wallet aside from other cryptocurrencies like Bitcoin, Ethereum and Tron. As previously mentioned our Cypress mainnet achieves a 1-second block generation time which means every second a block is generated and finalized. Aside from that, the chain has a 4,000 TPS performance. To achieve these numbers we adopted a scalable and secure PBFT algorithm for our consensus. For the consensus part, we have governor’s council members that participate as nodal operators and block validators. Currently, we have 26 members in the governance council — this was destined to be for our network model. For the application model, Klaytn provides a unique account and transaction model, i.e. there is a so-called fee delegation mechanism that allows an adoption-friendly engagement channel between a service’s users / end consumers and service providers. We call it adoption-friendly because, in a typical blockchain, a user has to pay for a transaction though with Klaytn, it’s the service providers that pay for it. For the transaction fee part, the Klaytn team has reduced the gas cost as low as possible so it’s currently about as low as one-tenth of Ethereum’s average gas fee per transaction. We support EVM and Solidity for smart contract development and with these features we have more than 50 service partners who are building their service on top of Klaytn. More details about the above and what comes next can be found here: How to participate in KlaytnCommunityWritten by

known for its globally renowned messaging service KakaoTalk. TEMCO is klaytns initial blockchain service partner, expecting mass user adoption of blockchain based e-commerce platform, GUHADA, through the partnership. TEMCO and Klaytn share a strong belief in the promise of blockchain technology and its applications. Both will work jointly promote healthy blockchain ecosystem, including increasing the accessibility of the blockchain based services and usability of TEMCOs upcoming blockchain based e-commerce platform with supply chain

story of Klaytn Hackathon judging process with our BORA CTO Mr. Lee-Gu Lee.The events purpose was to find blockchain services that are user friendly and can be used in daily life routines. Having many participants from all over the world, our CTO was able to witness and enjoy variety of innovative projects.In order to comprehend and accurately evaluate these bright ideas of Hackathon, the judging panels comprised of members that are experts of the blockchain industry, who possessed exceptional capabilities.From BORA, our CTO Mr. Lee-Gu Lee showed thoughtful insights and sound judgement. (With absolute concentration!)The image shows how the judge panels carried out in-depth discussion for every single teams project.The 1st-2nd place teams will gain the opportunity of taking part in the blockchain technology forum TXGX happening later this year. Congratulations to the teams who will get to seize the opportunity.:)Our CTO commented on the projects saying that Even though the blockchain industry is at its infant stage, many developers came up with innovative ideas with quality. And I think excellent blockchain services will be published in near future.BORA team also agrees with the idea that blockchain services will have positive effects on our daily lives. With our BORA Island soon to be release, many entertaining projects that produce unique values will be published. So please keep up your support and stay tuned to our updates.Thank you.BORA teamWebsite:BORA Lagoon:BORA Atoll:Telegram:Twitter:YouTube:Facebook:Medium:Email:

attend the Klaytn Partners Day event. They were joined by investors, reporters, and other partners who all wanted the latest news on this innovative blockchain project.Klaytn Partners Day consisted of two sessions. In the first session, Klaytn discussed their goal for blockchain mass adoption, and provided specifics on their future plans and vision. A press conference was also held at the end of the first session. In the second session, partners and businesses from a variety of different industries were introduced, including gaming and entertainment, healthcare and finance, commerce, lifestyle, and technology. (adsbygoogle = window.adsbygoogle || []).push({});Introduction speeches delivered by Jason Han, CEO of GroundX (Developer of Klaytn), and Mason Yeo, CEO of KakaoThe Blockchain Platform for Mass AdoptionDuring the session, Jason Han cited a lack of acquisition channels and user-friendly interfaces as issues preventing mass blockchain adoption. It was revealed that Klaytn is working closely with Kakao to systematically attempt to solve these problems.Klaytn emphasized the importance of ISPs (Initial Service Partners) who provide substantial and tangible service use-cases for the blockchain ecosystem. In addition to improving user experience, Klaytn is working to improve accessibility to the blockchain for global companies through DX (developer experience) and EX (enterprise experience).Blockchain technology has the potential to provide safe and transparent data linking and storage. The real value of a blockchain ecosystem lies in its ability to create user experiences that reflect the advantages mentioned above.It is crucial that partner companies in each industry work together to realize a solid blockchain structure. That structure will then be used to create real life usage scenarios applicable to everyone. (adsbygoogle = window.adsbygoogle || []).push({});  » Read Full Article « CCN April 3, 2019 Related ItemsPress releases

who all wanted… Paypal has made a relatively small (for a $120+ billion company) in Cambridge Blockchain, which is a company focused on digital identity. Paypal’s First Blockchain Investment Cambridge Blockchain … Bitfury rolls out improvements for Bitcoin Lightning Network Peach Wallet Crypto New Media     •     Tue, 02 Apr 2019 20:41:57 PDT Bitfury, the full-service blockchain technology company, today rolled out important updates to its Bitcoin Lightning Network enabled Peach Wallet. The engineering team focused… Crypto New Media     •     Tue, 02 Apr 2019 21:06:32 PDT Fiscal Fitness For Spring: Financial Expert Gives Tips to Spring Clean Your Finances & Shares Why Auditing Insurance is Crucial rawpixel / Pixabay Your house isn’t the on… If an influx of some $100 million moves the price of one Bitcoin with a $1000......... Bitcoin - The Currency of the Internet     •     2019-04-02T18:30:36+00:00 I saw this on Zero Hedge: Oliver von Landsberg-Sadie, chief executive of London-based cryptocurrency firm BCB Group, said the move was likely triggered by an algorithmic order worth about $100…

‘KakaoTalk’, has managed to raise $90 million for ‘Klaytn’, its blockchain platform. Bloomberg reported that the money was acquired through a private coin offering, and that another fundraising round seeking a similar sum will begin tomorrow, March 12th.Jason Han, the CEO of Kakao’s blockchain unit, known as ‘Ground X Corp.’, told Bloomberg that venture capital and private equity funds such as Translink Capital, Crescendo Equity Partners, and IDG Capital were among the firms that contributed to the initial round. The platform was originally scheduled for launch last year, but needed more time; it is now set for launch in June.Discover Barcelona Trading Conference – A Top Tier Crypto Trading EventThe success of this first fundraising round is particularly significant relative to the massive bear market that has plagued cryptocurrency markets for over a year. The first fundraising round took place from October to December, during which time the price of Bitcoin sank from roughly $6200 to $3800. Bitcoin currently remains around $3800, less than 25 percent of its all-time highest value.Once Klaytn is launched for use by the general public, Han said that Ground X’s goal is to onboard 10 million user accounts within its first year. The firm is also seeking to rapidly expand its pool of employees, of which there are 65 so far.Ground X will fill Klaytn with a variety of services developed by third parties, including games and travel apps.In fact, Ground X has already joined efforts with 26 companies that have agreed to run their apps on Klaytn. For example, game development firm Wemade Entertainment Co., high-end Chinese travel agency Zanadu, and video-streaming service operator Watcha will run apps on Klaytn. Han said that some of the apps that will be available on the platform have millions of daily users–a fact that Han hopes will bring millions of users to Klaytn.Suggested articlesIntroducing the Fintegrate Cashier System, by PayneteasyGo to article >>Introducing the Fintegrate Cashier System, by PayneteasyGo to article >>Klaytn’s 2nd batch of initial service partners released! https://t.co/yFz1IS67QmDespite the popularity of Kakao’s other services, including messaging app KakaoTalk, the services won’t be initially included on Klaytn. However, Han did say that “one of [Kakao’s] services” may be brought onto the platform, but nothing is certain yet.For now, Han says that Ground X’s goal is to use Klaytn as the “middle ground” for the best of existing mobile services and the best of blockchain technology.However, if Kakao’s messaging service manages to be added to the platform, it will become one of a growing number of messaging apps that are turning toward cryptocurrency and blockchain.Indeed, Telegram and Facebook’s WhatsApp have both announced cryptocurrencies of their own. Telegram made history with its $1.7 billion ICO last year; the WhatsApp coin is set to launch later this year.Finance Magnates is a global B2B provider of multi-asset trading news, research and events with special focus on electronic trading, banking, and investing.Copyright © 2019 "Finance Magnates Ltd."

Council members, Klaytn has secured the worlds largest user base for a single blockchain platform. #BreakingNewsPledgecamp has been selected by as one of its Initial Service Partners (ISP). is the new global blockchain initiative of South Koreas leading mobile platform. Kakao operates KakaoTalk, which reaches .Developed by Kakaos blockchain subsidiary arm, Ground X, and led by CEO Jason Han (former CTO of FuturePlay), Klaytn aims to provide a world-class user experience to millions of people. Recently, Kakao has in a private coin offering in order to fund development and research activities in Ground X.Disclosure: FuturePlay is the sister company of FoundationX () , an early investor and accelerator of Pledgecamp.Ground Xs CEO Jason Han wants to onboard within its first year. To do this, Klatyn plans to leverage the massive user base of Kakaos mobile messaging app.Kakao Talk has monthly active users worldwide, with about 44 million in South Korea. In terms of penetration, KakaoTalk can be compared to Chinas leading chat platform WeChat,which has 1 billion monthly active uses and close to .Kakao has already shown significant prowess in the blockchain industry. Dunamu Inc, a FinTech company of which Kakao is a majority shareholder, operates the crypto-currency exchange Upbit along with US-based Bittrex. Launched on 24th Oct, 2017, Upbit is South Koreas largest crypto-currency exchange by volume today. In Dec, 2018, Upbit became the worlds first crypto exchange to receive certifications from the Korea Internet & Security Agency and the International Organization for Standardization, for information security, cloud security and cloud privacy. Recently, they have expanded their operations to Singapore and Indonesia too.What this means for Pledgecamp: We believe that this relationship with Klaytn is our most significant partnership to date.Klaytn represents an unprecedented opportunity to reach millions of users through one of the worlds most established and beloved mobile platforms, KakaoTalk. Our goal is for Pledgecamp to be a part of that mission and fulfill ours: bringing fair and secure crowdfunding to millions of people across the world.Thank you for reading this #BreakingNews, and be sure to follow us:Telegram: Twitter: Facebook: Medium: Reddit: Linkedin: Media Mentions: Yahoo Finance : Blockpost : Decenter : Korea Herald : it.Chosun : 0xzx :

Vietnam. Klaytn Hackathon, which runs from April 12th to May 31st, invites all developers worldwide for an opportunity to create BApps (Blockchain Applications) on the Klaytn public testnet Baobab, which was launched on March 29th. Unlike traditional offline hackathons, Klaytn Hackathon is an online competition where any individuals or teams around the globe can access and participate. Any developers with great ideas for blockchain services can participate by registering on the official Klaytn Hackathon homepage at www.klaytnhackathon.com. Also available are other online community channels including the official Klaytn Reddit page (https://www.reddit.com/r/klaytn/) and the official Klaytn Developers Group on Facebook (https://www.facebook.com/groups/klaytndevelopers) where participants can share ideas and ask development-related inquiries. Seeking to raise awareness of the competition, Klaytn plans to hold ‘Klaytn Hackathon Meetup in HCMC’ to introduce the public testnet Baobab and the Klaytn Hackathon in more detail. As Vietnam emerges as the next blockchain hub for the blockchain market in Asia, Klaytn endeavors to scale the reach of blockchain in the Ho Chi Minh City market. Continuing its community building efforts, more hackathon meetups will follow in the Philippines and Thailand. Organized by Asia Blockchain Review and BlockDevs Asia, and sponsored by Ground X, the developer of Klaytn, the Philippine meetup will take place on Saturday, April 27th at 1:00pm at Acceler8 Coworking Space in Manila. At this meetup, the technical features of various blockchain platforms, including Klaytn, will be introduced and discussed in more detail. In Thailand, the SIX Network meetup powered by Ground X and bitfish will take place on Thursday, May 2nd at 6:00pm at bitfish, located on the 42th floor of Empire Tower 3 in Bangkok. SIX Network, which seeks to use blockchain technology and smart contracts to build a better infrastructure for the digital economy, is one of Klaytn’s 26 initial service partners, working towards further reinforcing the Klaytn ecosystem by releasing their BApps (Blockchain Applications). At this meetup, the co-CEOs of SIX Network will discuss how they utilize blockchain to empower digital creators. In addition, the members of Ground X will introduce and discuss the Klaytn Hackathon in more detail, followed by a networking session. Klaytn is a public blockchain platform of the leading South Korean mobile platform, Kakao. Dedicated to validating the value and utility of blockchain technology by providing a blockchain service for mass adoption, Klaytn provides an easy development environment and friendly user experience. Klaytn seeks to continue advancing the platform to offer blockchain services for millions of users.

competitors, others prove their potential, form mutually beneficial partnerships and develop into larger enterprises.Today we will talk about the latter case. First of all, lets introduce our hero of the day, the project Sessia.What is Sessia?Sessia is a marketplace, created with the help of blockchain technology, which is simple to use and, moreover, beneficial to use. The platform has an inbuilt social network that can be used both by businesses and customers for various purposes.For businesses. it is an opportunity to promote their products (they only pay if the ads work), meanwhile, customers get access to a database of quality goods. Besides that, the clients of Sessia have a good chance to earn a coin on the crypto cashback program and a loyalty program of the project.Sessia has all chances to become a full-fledged unicorn on the Asian market, shifting all the competitors that cannot compare in terms of customer service, simplicity, and transparency offers to the customers, token system and many other parameters. Right now Sessia has more than 200,000 customers inside of the app, and have major plans for 2019 to reach a turnover of 180 million dollars and 500 businesses on board. Sessia have operating offices in New York, Taipei, Ho Chi Minh City, Korea, and Moscow. Turnover of Sessia in 2018 was been 30 million USD.IEO SessiaThe leading exchanges are ready to conduct initial exchange offerings (IEO) of Sessia on their platforms. The exchanges include Coineal, Bitforex and soon we will open information about a few more which are considered to be one of the most influential on the current crypto market. Agreements with Coineal and Bitforex was signed during the 3rd International Blockchain Life Forum 2019 Asia in Singapore on April 23-24. The event is one of the biggest and most important forums on blockchain and cryptocurrencies in the world. All exchanges are happy to sign an agreement with Sessia showing their interest in further cooperation.It is no surprise that this promising project received support from a major social network KakaoTalk.What do we know about KakaoTalk?KakaoTalk is a free mobile app for instant messaging via the smartphone. It was developed in South Korea in 2010 and soon spread all over the world. The app has almost 50 million active users in 230 countries of the world. 95% of people in South Korea use KakaoTalk.As of now, KakaoTalk has versions for Android, iOS, and PC and is available in 15 languages. The companys revenue for 2016 amounted to 1.3 billion dollars. KakaoTalk is undoubtedly one of the largest players on the market.KakaoTalk Klaytn is partnering up with SessiaThe main proof that the project is promising and has potential is when large companies decide to support it because the market giant will never spoil their reputation by working with someone unworthy.Klaytn, the global public blockchain project of leading mobile platform with 97% market share in Korea, Kakao, has announced 8 new initial service partners to drive mainstream adoption of blockchain, Sessia is one of them.Other notable industry partners include Sessia, a Russia-based social network service integrated with tokenized incentives for users reviews on their offline experiences Markets Insider.The additional information about Sessia or its IEOs details can be found on the .The Promising Blockchain-Based Platform Sessia Goes for IEO and Supported by a Kakaos Blockchain Project Klaytn was last modified: May 31st, 2019 by News BTCShow comments

3, 2019 (Monday) 12:02 EOS becomes fifth supported cryptocurrency on Coinbase Earn 11:52 Crypto Technicals: XMR/USD capped at 61.8% Fib, weakness likely on break below 21-EMA 11:03 Crypto Technicals: BTC/USD consolidates below 200H-SMA, scope for weakness on bearish divergence 10:58 Walmart joins Pfizer and others in blockchain-based pharmaceutical network MediLedger 10:14 Cryptocurrency exchange Coinbase loses one more top executive as Asiff Hirji steps down 09:37 Japan passes bill to impose stricter cryptocurrency rules 09:14 Crypto Technicals: ETH/USD holds 20-DMA support, break below will see further correction 07:38 SBI announces demo trial of in-store payments with Ripple-powered Money Tap app 06:19 Facebook in talks with US CTFC over GlobalCoin cryptocurrency project 05:20 Block.one to launch new social media platform "Voice" on EOS blockchain 04:26 Brazil sets up cryptocurrency regulations committee 03:43 FSB publishes report on ongoing work to address crypto-asset risks May 31, 2019 (Friday) 11:06 Crypto Technicals: ZEC/USD holds 5-DMA support, eyes 61.8% Fib at 106.13 10:53 Kakao's blockchain platform 'Klaytn' adds 8 new initial service partners ahead of mainnet launch 10:37 Crypto Technicals: 'Golden Cross' confirmed on XRP/USD, break above 55-EMA to propel the pair higher 10:15 Wei Liu claims authorship of bitcoin white paper just to show anyone can register a copyright 09:24 Grant Thornton releases first liquidators report on Cryptopia cryptocurrency exchange 09:05 Crypto Technicals: Tezos slips below 21-EMA, bearish divergence keeps scope for weakness 07:34 Dublin City University to offer Masters degree in blockchain via new collaboration 07:01 Crypto Technicals: ETH/USD holds 21-EMA support (241), break below could see further downsidePopular news1Brazil sets up cryptocurrency regulations committee2Facebook in talks with US CTFC over GlobalCoin cryptocurrency project3Block.one to launch new social media platform "Voice" on EOS blockchain4FSB publishes report on ongoing work to address crypto-asset risks5SBI announces demo trial of in-store payments with Ripple-powered Money Tap app6Walmart joins Pfizer and others in blockchain-based pharmaceutical network MediLedger7Cryptocurrency exchange Coinbase loses one more top executive as Asiff Hirji steps down8Crypto Technicals: ETH/USD holds 20-DMA support, break below will see further correction9Japan passes bill to impose stricter cryptocurrency rules10Crypto Technicals: BTC/USD consolidates below 200H-SMA, scope for weakness on bearish divergence Subscribe to the TokenPost newsletter! Don't show me this again eMarket|About us|Contact usCopyright TokenPost. All Rights Reserved.

Dai, created via the Maker Dao stablecoin system and USDC.

Although the use of Dai was mainly limited to the Defi ecosystem it has been witnessing interest from users to generate more Dai through MakerDao’s addition of new crypto projects. Recently, MakerDao added new coins like Chainlink, Compound, and Loopring in a bid to keep up with the community’s demand. The community was looking to use alternative tokens as collateral to generate Dai stablecoins and the addition increased MakerDao’s listing to 11 new DAI vault pairs in this year alone.

Maker has also been witnessing a higher capital influx because of its developers restring the Dai peg which meant they could now ensure incentivizing stablecoin-collateralized debt with higher debt ceilings and lower liquidation ratios. This would enable people to mint Dai by allocating cheaper resources which will push the demand for the stablecoins further while reducing its price. Messari noted:

Although USDC still lagged compared to USDT in DeFi, it has been growing. Its share in the total volume of the stablecoin in circulation has also been rising and its market cap has reached $2.54 billion and constituted 13% of the total stablecoins circulating supply.

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Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

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