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Touted, hyped and bannered as the new world money, cryptocurrencies have been blowing hot and changing how transactions are done in the real world. In a period of a few years, cryptocurrencies have grown from mere digital novelties into a trillion-dollar industry. Among its pillars is how it makes payments more effective than what it is today.

Cryptocurrencies ride on the waves of blockchain technology. If you are unfamiliar with the term, blockchain is the digital, distributed, and decentralised ledger that underlies virtual tokens, and is responsible for recording transactions without the need for a financial intermediary, such as a bank.

Blockchain is, in many ways, labelled as a huge game-changer and it’s the only reason we are raving about cryptocurrencies these days. However, a blockchain network is only as good as its ability to process, validate, and settle transactions efficiently. In reality, though many companies are growing to accept cryptocurrencies such as Bitcoin as payment methods. This, in turn, restricts how and where you can spend your money unlike using a debit/credit card.

Transactions done in traditional banks have a time frame. Transferring money can take a few minutes to get to the recipient, but sometimes could be longer. Blockchain technology is meant to make such transactions easier and faster in privatising items anywhere they are collected.

Transaction time impacts the speed of receiving cryptocurrency. Sometimes, in 2017, it took an average time of 78 minutes to confirm a Bitcoin transaction. On the Bitcoin network today, the average confirmation time for a BTC payment is about 10 minutes. Nonetheless, transaction times can vary so much due to factors, such as the total network activity, hash rate, block time and size, and transaction fees.

If the Bitcoin network is congested, there will be a backlog of transactions in the mempool, which is a record of all Bitcoin transactions that have not yet been validated by a miner and added to the next block on the blockchain

In order for transactions to go through faster, users have to pay more transaction fees. This happened April 2021, where average Bitcoin transaction fees reached $59, according to CoinMarket. Credit card transactions, on the other hand, only take a few seconds to complete.

Furthermore, on Ethereum, users pay a base fee to have their transactions verified by other users, known as miners. The average transaction fee on the Ethereum network rose to as high as $63 in November. That was its second-highest level ever, behind May’s record high of $70. There’s not much mercy for the small fries on that ETH network.

Another look at the ineffectiveness of cryptocurrency payment is the fact that payments made by mistake cannot be reversed like traditional banking payment systems. Bitcoin transactions are anonymous and unregulated, which breeds the disadvantage of lack of security.

Likewise, all transactions completed through Bitcoin are irreversible and final, so pretty much zilch can be done if the wrong amount is sent or if it’s sent to the wrong recipient. In traditional banking systems, payment can be reversed if the wrong sum is sent or sent to the wrong recipient. This amount of accountability makes payment less fraudulent and traceable.

That said, Ethereum 2.0 is an upgrade to the Ethereum blockchain which aims to enhance the speed, efficiency, and scalability of the Ethereum network so that it can process more transactions and reduce transaction fees.

Ultimately, people believe that Bitcoin has value as wealth storage, similar to digital gold and that second-layer solutions — an additional framework that sits on top of the present blockchain — might improve its speed and make it more practical for use as an effective payment option.

In the same vein, many still hold the notion that cryptocurrencies will be the new financial system. While that might be possible, there is still a lot that needs to be put in place to mitigate cost on the part of the sender and the receiver.

In the meantime, one may hope that, at some point, in the blockchain technology upgrade, there might be a zero withdrawal fee which would ensure everyone has equal opportunity to be part of this financial ecosystem and fully enjoy purchases in the real world.

Photo Credit: Terraform Labs

Terra Ecosystem is pushing for major expansion and growth with LFG

Highlights Founder and CEO of Terraform Labs Do Kwon will lead LFG LFG's mission is to sustain the growth of open-source technology Terra's LUNA token is meant to help absorb market volatility

Terraform Labs, the company behind the Terra blockchain has launched a non-profit organisation that the company likes to call Luna Foundation Guard (LFG) to support the Terra ecosystem and safeguard the stability and adoption of its most popular stablecoin — UST. The new non-profit will emphasise a number of major pillars that they see as core in advancing the ecosystem and its creation is also the reason why Terra's LUNA token has been able to minimise losses in the current bearish crypto market.

The newly formed foundation will serve as a mechanism to continue driving engagement and adoption of Terraform Lab's growing stablecoin, UST. Adoption of UST has continued to grow as the token, seen broadly as one of the most decentralised yet mainstream stablecoin options currently available, approaches a market capitalisation of $11 billion (roughly Rs. 81,800 crore).

1/ The first step towards {REDACTED} is now complete. Introducing the formation of the Luna Foundation Guard (LFG).https://t.co/oqke82OUB2 pic.twitter.com/QKGwrhmtMH

— Terra (UST) ???? Powered by LUNA ???? (@terra_money) January 20, 2022

Founder and CEO of Terraform Labs, Do Kwon, will lead the charge for the Luna Foundation Guard, alongside founding member Nicholas Platias and several governing council members. The team will deploy foundation grants, starting at the end of the month, to blockchain projects in the ecosystem that address open-source development, research and education, and community growth within the Terra network.

How does the Terra blockchain absorb volatility?

The Terra blockchain features an array of stablecoins, cryptocurrencies designed to track the price of fiat currencies. For instance, TerraUSD tokens are tied to the price of the US dollar, and TerraEUR tokens are tied to the price of the Euro. All these stablecoins, and more, are able to maintain their value because of LUNA, a token on the Terra blockchain that is specifically designed to absorb volatility.

New York City Mayor Eric Adams Invests First Paycheck Into Bitcoin, Ether Experts Submit Testimonies on Energy Impact of Crypto Mining in US

Like any asset, the price of each stablecoin fluctuates based on supply and demand. That means a spike in demand for TerraUSD could push its price above $1 (roughly Rs. 75). To solve that problem, the protocol incentivises LUNA token holders to convert LUNA to TerraUSD, thereby increasing the supply (and lowering the price) of TerraUSD. That works because $1 (roughly Rs. 75) worth of LUNA can always be used to purchase one TerraUSD token, even if that token is currently worth $1.01 (roughly Rs. 75).

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Terraform Labs, Cryptocurrency, LUNA, Terra, Stablecoin Shomik Sen Bhattacharjee Email Shomik Sen Bhattacharjee Shomik is a senior sub-editor at Gadgets 360. As someone who's screened the consumer tech space for the past four years, he's now shifted focus to the crypto-verse. When not converting currency values in his head, you may find him in an intense five-a-side football match or grinding out the newest Destiny 2 weekly challenge on his Xbox. You can reach him for tips or queries at ShomikB@ndtv.com. More Digital Services Act: How Sweeping EU Rules Would Curb Tech Companies Xbox Chief Plans to Keep Call of Duty on PlayStation After Microsoft’s Acquisition of Activision Blizzard Terra Ecosystem Announces Luna Foundation Guard to Safeguard Its Stablecoins From Volatility Comment Share on Facebook Tweet Snapchat Share Reddit Email Comment

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Lisa Wade. Image: Supplied

DigitalX hits a home run with recruitment of Lisa Wade, a veteran banker with deep blockchain roots

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Senior NAB banker and blockchain specialist Lisa Wade admits she had never heard of tiny DigitalX (ASX:DCC) when a recruiter contacted her about the potential role as the $63 million company’s newest chief executive.

But the more she researched the DigitalX, the more she realised what a tremendous opportunity the role presented.

“Especially with my background and the projects I’ve been running for National Australia Bank, and the momentum that blockchain is getting and the pace at which finance is going to transform,” she said.

“I think DigitalX is actually in the driving seat of being able to lead that change. And the funds management industry will be revolutionised, as well.”

‘A very clear strategy’

DigitalX has been working on a three-pronged corporate strategy involving crypto and blockchain.

First, it has a funds management business with $40.1 million in digital assets as of November 30, with its Bitcoin Fund being recently recognised as investment-grade.

Second, it is working on its own blockchain projects such as Drawbridge, its digital compliance software that will integrate into the ASX’s blockchain system named Synfini, which will power the CHESS replacement.”

Third, it has its own investments in digital assets and digital finance projects, including a corporate treasury of 215.95 Bitcoin and 12.5 million Human Protocol (HMT) tokens.

“What I really loved is that they’ve got a very clear strategy, and one of the things that I bring to the table is being able to develop the adjacencies across those three strategic pillars, and really bring them together under one umbrella – the pointy end of the arrow, if you like.”

‘Putting shareholders first’

Wade is well-known in the Australian blockchain industry, having led Project Atom, a collaboration between the Reserve Bank of Australia, CBA and Perpetual, that explored using a central bank digital currency for wholesale market participants.

She’s also worked on Project Carbon, an alliance tokenising voluntary carbon credits, and was recently named “gender and diversity leader of the year” at the 2021 Australian Blockchain Industry Awards.

Wade also has a background in funds management, having managed investment portfolios with the Clean Energy Fund and ESCOR Group.

She says she wants shareholders to know she has strong experience across the three key pillars of the DigitalX business, having grown up as a stockbroker and worked as a “jack of all trades” for Citi in London, including arbitrage and derivatives trading. (At one point she was the only female market maker in the entire UK market, she adds).

“I do have a very strong background in shareholder focus, and putting shareholders returns first,” said Wade, a 49-year-old Sydney native.

“I can’t wait to bring DigitalX into the mainstream and really grow from the foundations that they’ve laid, because really, what a great team.”

During background checks for the role she had to tell her referees about the potential opportunity, “and every single one of them said please let know when I can buy shares,”  — as did her former colleagues at NAB.

This article was developed in collaboration with DigitalX, a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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4th pillar technologies is developing blockchain-based solutions to help any type of entity or corporation to impulse its digital transformation. The team developed a working eDelivery protocol and a digital identity mechanism that allows the exchange of sensitive data and documents in a safe and cheaper way.

This is our 18 page presentation about 4th Pillar Technologies. If you are a mobile user, we recommend you to turn your screen sideways.

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Research by Jonathan Habicht, Simon Dedic, Joao Leite and Igor Davidov.

Blockfyre is an online platform that offers insights and services to provide Investors with a gateway to the world of blockchain and cryptocurrencies. Besides analysis and reports for investors, Blockfyre also offers research and consulting services aimed at companies in the blockchain/crypto sector. Our goal is to help this industry grow and succeed.

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For more Blockfyre Reports on The Daily Chain click here.

The Daily Chain Inform. Educate. Succeed.

The cryptocurrency lending platform – Nexo – joined forces with the Nasdaq-listed digital asset company – Bakkt Holdings. As a result, the latter will custody a portion of Nexo’s Bitcoin and Ethereum holdings in the Bakkt Warehouse.

Bakkt’s Newest Partnership

The Bakkt Warehouse comprises both online (“warm”) and offline (“cold”) digital asset storage. The company balances between the two tiers to minimize risks associated with cryptocurrency custody services.

In a recent announcement, Nexo raised hopes that this model could bring an enhanced investment shield for its users. The “warm” and “cold” wallets are built on secure wallet architecture, along with multi-zone physical security, the entity informed. However, Nexo did not disclose what proportion of the customers’ Bitcoin and Ethereum funds will store in the Bakkt Warehouse.

George Manolov – Business Development Executive at Nexo – stated that a global digital asset institution, such as his firm – needs a trusted partner to guarantee an extra level of customer protection.

“We recognized that Bakkt’s infrastructure and regulation-first approach to crypto was a natural fit,” he added.

In turn, Dan O’Prey – Chief Product Officer at Bakkt – opined that such custody initiatives result from the rapid expansion of the cryptocurrency industry.

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“We are pleased that Nexo has chosen the Bakkt Warehouse as a trusted solution. As we build upon our partnerships with businesses and expand our network of operations and revenue, secure custody continues to be a pillar of Bakkt’s strategy, leveraging state-of-the-art physical and cyber security, institutional-grade technology and governance, and backed by insurance,” the exec concluded.

Bakkt to Provide Crypto Services to Manasquan Bank Clients

Nearly a month ago, the company inked a deal with the New Jersey-based Manasquan Bank to enable crypto services for the latter’s customers. Specifically, they would be able to buy, sell, and hold digital assets. The project is anticipated to see the light of day in Q2 2022.

James Vaccaro – President and CEO of the American bank – said his entity focuses on introducing new features to clients, via which they can join the digital financial world. He stated that the collaboration with Bakkt comes at a time when users have been seeking opportunities to hop on the cryptocurrency bandwagon.

Prior to that, the company expanded its digital asset payment options by teaming up with Google. The collaboration allowed individuals to add their Bakkt Visa Debit Cards and make crypto transactions wherever Google Pay is accepted.

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Blockchain is undeniably an ingenious invention. The technology that formed the framework for Bitcoin has evolved in the last decade and emerged as a mainstream technology. It has the potential to impact different business segments and also pave the way for new developments. Whether, finance, healthcare or real estate sector, you name the business domain and blockchain platforms find application in every field. The proliferation of Blockchain technology is so much so that it has also emerged as a popular career option; the demand for and Blockchain online training program has increased. What makes us think is what is that thing that is making Blockchain and inevitable technology of the future. What forms the core of this technology? Well, we will be exploring the same in this blog. Three pillars of Blockchain Technology: Blockchain Trilemma Every technology is based on some structural framework which becomes its key attributes. Similarly, for Blockchain, there are some underpinnings that make it such a dynamic and useful technology. But before going ahead, it becomes important to understand what is Blockchain Trilemma. This concept was brought forth by Vitalik Buterin (founder of Ethereum). Blockchain Trilemma involves three basic concepts: 1. Security 2. Scalability 3. Decentralization Security- One of the biggest concerns surrounding cryptocurrency is security. Individuals using are assured of security because of data encryption. Use of crypto wallets is one such technique that guaranteed security of your digital assets. Scalability- Blockchain can build while keeping up the seamless functioning of other tasks. The system must be ready to handle the volume of transactions or exchange every second. Decentralization- This is one of the key features of Blockchain technology wherein there is no intervention by administering authority. There is no central hub, the system works independently, and the two parties interact with each other without sharing the revenue or commission with the third party. Besides, the lack of centralization makes the data readily available at any point in time. These three pillars form the core of Blockchain technology. While you are pursuing Blockchain online training, you will become a who understands the working of Blockchain and the fact that the trilemma is what makes this technology so important. These key features of Blockchain technology make it one of the most trusted technology. All the Blockchain platforms offer these feature which is helpful for ensuring seamless business operations. How do we help? Blockchain Council is a renowned platform offering online Blockchain certification programs. This exhaustive training program includes all the details about Blockchain technology and its use cases. Any Blockchain online training program is incomplete if it does entail practical applications of the same. This unique Blockchain certification program curated by professionals at Blockchain Council will offer you comprehensive learning. It will help in boosting your career. Blockchain technology is going to become the strongest underpinning of many industries. It will help in making the technology as the hottest skills and having a Blockchain certification will increase your prospects of growth. Written by

The trust of people in Bitcoin comes directly from the figures and facts. Bitcoin fully supports the idea of being an open-source and well-planned decentralized system. It means that any individual accessing the transactions with Bitcoin has fundamental knowledge about source code. Any developer from the world can verify the establishment and working of Bitcoin. The transactions issued by Bitcoin works based on existence on virtual networks with transparency in real-time.

The payments are reliable and directly reach the third party, and the complete system is protected with a cryptographic algorithm. Therefore, no organization and the sole user can manage Bitcoin and their respective Network. It means that the existence of Bitcoin is placed on secured pillars that increase the interest and trust of the users.

Can People Make Money By Using Bitcoin? 

No individual invests the capital with no interest of Return. Because Bitcoin provides a rich source of income, people support the emerging Technology. It is essential to have sound knowledge about the basic economic rules. The growing space of Bitcoin in the innovation of Business and opportunities includes risk. No doubt that no one can guarantee a constant income until and unless the individual does not pay their attention and focus upon the choices. The Businessman more enjoys Bitcoin because investing in time and making wonders from the resources increases the efficiency of entrepreneurship.

There are several other ideas attached with Bitcoin that helps in building money. For instance, speculation running a business or mining. These activities are done regularly, and anyone can participate in the requirements. If you want to involve yourself with the new technology, it is essential to involve yourself with risks and projects.

Is The Nature Of Bitcoin Virtual? 

Bitcoin is similar to credit cards or business visas issued by traditional banks. The networks of Bitcoin are established on online networks and used every day. The critical role portrait by Bitcoin in serving people exists in non-physical nature. Bitcoin is recognized as an online payment system and similar to Physical storage. The system appropriately maintains the balance between virtual and real-time. Bitcoin has an extensive distribution network, and no one can fraudulently modify them.

The users are given with guarantee of exclusive control over their funds. And it is essential to bear in mind that no one can vanish the existence of Bitcoin from the virtual networks. The additional point that goes perfectly with bitcoin dealing and progressing only on virtual Networks is to connect people with people by cross-linking. The online system is spread in each country like fire in a forest. So, it is easy to operate digital coins virtually.

Does Bitcoin Have Confidential Nature? 

The design of the Technology of Bitcoin that allows fast user interactions to send and then receive the payments with the authentic level of security explains the nature. Bitcoin has confidential nature and offers more security and privacy than cash. Most of the transactions are exclusively recorded in extensive public records. Various mechanisms to incline the protection helps develop a considerable empire and Network. However, more work is being conducted on the system and mechanism to correct all the features and provide services to Bitcoin users right away.

Bitcoin is pretty familiar with the subject of regulations and tries to convey every single detail to their using users. Moreover, Bitcoin prevents criminal investigations and primarily offers a range of security from financial crimes.

Is It Possible For Bitcoin To Become The Next Influencing Payment Network? 

No doubts were checking out the history of Bitcoin. It is anticipated to become a motivational and demanding payment network in the coming years. The networks are processed on higher numbers, and every transaction is recorded simultaneously. However, currently, Bitcoin to not have a ready scale to measure the credit. But the developers a working hard in organizing and reducing the current limitation to provide future requirements to the people.

Henceforth, by looking at the above points and understanding the dedicated system of Bitcoin. Shortly possible that the Bitcoin network can provide optimized and more exciting features like this allin1bitcoins.com/bitcoin-revolution/ . The growing traffic and more users make the Network more demanding specialized services.

Rhys GregoryRhys GregoryView More Posts Editor of Wales247.co.uk How Is Bitcoin Advancing In The Business World? Changes In The Dynamics – The Historical Success Of Bitcoin How Government and Authorities can Benefit from Crypto Currencies? Getting Together with Crypto Currency and the Blockchain Network Load More

Dana LeighJanuary 10, 2022

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Grexie is a new cryptocurrency that is uniquely market-led. The number allocated through our Community Distribution is pegged to the price of GREX on QuickSwap, and the current gas price on Polygon. As the price decreases on QuickSwap, the number allocated per issue increases, and vice versa.  

How did you come up with the idea for the company?

  I’ve been playing with Solidity contracts for a number of years, so technically I’ve built proficiency there. I wanted to introduce a cryptocurrency that could be trusted, so I came up with a design that is purely market-led and didn’t have a now-traditional hyped-up ICO stage at the start of the journey.

This mechanism also means we don’t need to go through KYC for each receiver in the UK, as the AML regulations mean that a free exchange token is exempt. Free it is, users just have to pay the gas price, and that goes straight to the network – we don’t profit from the initial sale.      

What advice would you give to other aspiring entrepreneurs?

  I go through many ideas before I find a successful one. Make sure you’re open to pivoting and pivoting widely when the market shows you there is more room for growth with another idea. Learn how to code as soon as you can, it will at least guide you if you hire a development team as to what will work and what won’t.

Then persevere with the hard early stages of launching: money draining out of your personal bank account rather than investment and revenue coming into your business account.   More from Cryptocurrency Three More Countries To Adopt Bitcoin As Legal Tender in 2022?MusicFX Aims to Change the Tune of NFTs With Parker McCollum LaunchBitcoin and Ether Will Be Outperformed by Solana in 2022: deVere CEOConcern Surrounding the Impacts of Crypto-Currency on the UK’s Financial System as New Variants EmergeFinancial Experts Reveal Searches For ‘How To Invest In Crypto” Has Increased By 1,350% – Here’s Our Top Tips$300,000 Bored Ape NFT Sold For $3,000 Because Of Misplaced Decimal PointThis is How You Can Generate a Steady Income from Trading BitcoinWhy Bitcoin May Be A Good Option 

What can we hope to see from Grexie in the future?

  We’re launching a mobile wallet next year alongside a unique checkout flow for online cryptocurrency payments. We’re also working on a modularised Charity DAO which will allow turn-key DAO implementation for charities and other profit-making organisations.

More blockchain and finance-related innovations are to come over the next few years.  

Philanthropy seems to be a main pillar of the Grexie community. Has it always been part of your vision as an entrepreneur?

  Yes. In fact, that’s the reason for the entrepreneurial spirit. I ultimately don’t want to be in business but in charity. Specifically helping the disenfranchised with big infrastructure projects that bring everyone out of the poverty line and setting up communities for success.

I’m not talking about building crypto-slums and shipping-container farms to house people, but luxury apartments for the homeless with commerce, clinics, churches/mosques/synagogues/temples and community centres in the same neighbourhood – this is what our brothers and sisters on the streets of our cities deserve. But that needs significant capital – capital can only be gained through grants, donations and great business ideas.

I’ve had some real spiritual experiences in my life which have guided me towards philanthropy, and the strong Christian Spirit is with me… so, I’m counselled by my faith in this Spirit and I’m a strong believer that this Spirit should guide all actions in our lives. Even and especially our professional conduct in business.  

Why did you decide to make GREX market-led? What are you hoping to accomplish by introducing it to the crypto community?

  I have heard of the dismay caused to investors with scam coins and other heavily inflated ICOs. Trust needs to be in crypto, as that is the future. So to put consumer trust into crypto, we need cryptocurrencies for the world which are purely market-led. There are enough allocations available of GREX for the world’s population, and we can do a lot with the token once we gain adoption.

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PRESS RELEASE. As Panther pushes towards the decentralization of our protocol from Day 1 with LaunchDAO, the first-ever private and decentralized project launch, the team has unveiled a new, exciting partnership.

Panther Protocol is partnering with ShapeShift, a household name of the crypto industry. ShapeShift has taken brave steps in the recent past, moving from an exchange aggregator to a complete crypto management platform, as well as announcing its full decentralization.

The integration between ShapeShift and Panther will enable the advancement of privacy and data protection for users of DeFi. ShapeShift, through its APIs, digital assets and platforms, is a valuable pillar of the Decentralized Finance ecosystem, and will leverage Panther to achieve the maximum level of consumer protection, efficiency and privacy. Both teams will collaborate on research, deployment of privacy tools, and for ShapeShift users to participate in Panther’s staking program and governance.

The technical collaboration between both teams will also enable liquidity provisioning to Pather’s Multi-Asset Shielded Pools.

Commenting on the partnership. Willy Ogorzaly, former Principal Product Manager at ShapeShift (now Head of Decentralization at the Fox Foundation as ShapeShift moves into a DAO model) stated: “Panther’s mission to bring privacy and interoperability to DeFi protocols across chains aligns closely with the mission of ShapeShift DAO. We look forward to partnering with Panther to give ShapeShift users access to unprecedented levels of privacy in their DeFi journeys.”

To this, Panther Protocol’s CEO and co-Founder, Oliver Gale, added: “ShapeShift has been a pioneering platform in the march towards self-sovereign DEX infrastructure. The ShapeShift DAO is a major step towards the fulfilment of the vision of decentralized exchange services and Panther looks forward to offering zAsset swaps with compliance optionality to the ShapeShift community.”

About Shapeshift:

Since 2014, ShapeShift has been pioneering self-custody for digital asset trading. The company’s web and mobile platforms allow users around the world to safely buy, hold, trade and interact with digital assets such as Bitcoin and Ethereum. Learn more at ShapeShift.com.

Stay connected: Website I Twitter I Medium I Telegram I Discord I Youtube

About Panther Protocol

Panther is an end-to-end privacy protocol connecting blockchains to restore privacy in Web3 and DeFi while providing financial institutions a clear path to compliantly participate in digital asset markets.

Panther provides DeFi users with fully collateralized privacy-enhancing digital assets, leveraging crypto-economic incentives and zkSNARKs technology. Users can mint zero-knowledge zAssets by depositing digital assets from any blockchain into Panther vaults. zAssets flow across blockchains via a privacy-first interchain DEX and a private metastrate. Panther envisions that zAssets will become an ever-expanding asset class for users who want their transactions and strategies the way they should always have been: private.

Stay connected: Telegram | Twitter | LinkedIn | Website | Medium

Tags in this storyPanther Protocol

This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

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Cardano (CCC:ADA-USD) is one of the world’s largest cryptocurrencies by market capitalization. In fact, ADA is currently the #6 largest coin out there and it hit #3 at one point in 2021.

Source: RuskaDesign / Shutterstock.com

However, despite its considerable success, Cardano has fallen into a bear market. The price of ADA fell from more than $3 per coin at its peak to just $1.20 today. That’s a nearly two-thirds decline in the space of a few months.

While other crypto leaders like Bitcoin (CCC:BTC-USD) and Ethereum (CCC:ETH-USD) have also slumped, Cardano’s loss was considerably larger than that of its peers.

Cardano’s Intended Use Case

Arguably, this came in big part due to slow adoption of Cardano. For a year now, it has felt like Cardano was on the verge of broad adoption. In particular, when Cardano overcame the skeptics and launched its smart contracts, it felt like ADA was finally ready to take off.

Instead, Cardano’s momentum slowed. ADA failed to pick up a mass influx of developers or users. Instead, Solana (CCC:SOL-USD) stole the show with its rapid and ultra-low fee network.

Cardano’s backers were completely right that the world wanted an alternative to proof-of-work coins such as Ethereum. Transaction fees are so high on Ethereum that it stifles the marketplace for all but the highest-cost non fungible tokens (NFTs) and other such on-chain applications. If things such as micropayments and crypto-based gaming currencies are going to take off, transaction fees need to be much much lower.

Cardano could be an ideal solution for that. Its revolutionary proof-of-stake algorithm massively reduces the amount of computing power necessary to run the network. This lowers overhead and allows users to send each other ADA for a tiny fraction of the expense of a similar transaction on BTC or ETH.

Cardano Fights Back Against Solana

There’s a perception that while Cardano is developing high-quality solutions, it is taking too long to get things to market. Rival networks, such as Solana, have clear flaws in terms of how stable and robust their networks are. But an imperfect solution that works today can be better than a perfect one that takes eons to launch in the first place.

Solana has taken massive market share for NFTs and other such art because it is already operational and offers rock-bottom fees. Sure, Solana has had network outage issues. But they have always been resolved and the core product is good and reliable enough for most uses.

Cardano is now stepping up its game. A new decentralized exchange (DEX) called SundaeSwap is set to launch on Cardano shortly. If it gains significant trading volume, this could give Cardano a vital tool in its effort to take back its role as the chief rival to Ethereum.

SundaeSwap is set to launch Jan. 20 and will offer an initial stake offering (ISO) and yield farming among other immediate applications. Cardano has always promised sophisticated technology with low transaction fees. Now, it’s time to see this play out in real financial transactions. Skeptics say Cardano’s network will not have enough capacity to handle all the transactions that SundaeSwap will generate. If that bearish talking point is disproven, however, ADA could fly.

The Verdict on Cardano

Everything around ADA remains a question of execution. Cardano has a great brand and a charismatic leader in Charles Hoskinson. ADA is one of the few cryptos that soared and plunged in 2017 and came out of it stronger today. In the crypto world, surviving a cycle or two gives a lot of credibility about the long-term future of a project. On paper, all the pieces are there to make Cardano one of the central pillars of the cryptocurrency ecosystem in future years.

As always, however, the promise remains more appealing than the actual product offered to consumers so far. That said, Cardano has live projects, such as SundaeSwap, that could finally convert that potential into reality.

If Cardano gets the user experience right, the price of ADA could shoot right back up to $3. This is one of the most appealing dip-buy set-ups in the cryptocurrency space. It just comes down to whether Cardano can deliver the product necessary to get users and developers to adopt its ecosystem.

On the date of publication, Ian Bezek did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Ian Bezek has written more than 1,000 articles for InvestorPlace.com and Seeking Alpha. He also worked as a Junior Analyst for Kerrisdale Capital, a sizable New York City-based hedge fund. You can reach him on Twitter at @irbezek.

Article printed from InvestorPlace Media, er-brutal-sell-off/.

©2022 InvestorPlace Media, LLC

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The Block Research presents the 2022 Digital Asset Outlook Report In 2021, The Block Research produced more than 300 unique pieces of research for our research members. The 2022 Digital Asset Outlook Report, commissioned by GSR, looks at the most important cryptocurrency developments in 2021 and looks ahead to the future of the space in the coming years. The 160-page report covers 8 different sectors […] Read Full Story Dec 16, 2021, 3:00PM UTC Decentralized Metaverse Social Startup BOOM Fund $1 Million to Support Creators whilst the Launch IOS and Android App Boom is a key player in the emerging Social+NFT revolution that will form an important pillar of the incoming metaverse. As a decentralized Social+NFT platform, Boom allows users to interact with and meaningfully support key opinion leaders around the world whilst earning rewards. Read Full Story Sponsored Post Institutional crypto custodians raised more than $3 billion in 2021 Crypto custodial firms focused on the institutional market experienced a major upswing in funding in 2021, according to The Block Research. Read Full Story Dec 26, 2021, 1:23PM UTC A look at the crazy hiring spree crypto firms went on this year The sheer amount of money in the crypto industry pulled in thousands of people from traditional finance and tech. Read Full Story Dec 26, 2021, 12:48PM UTC Sen. Lummis to propose new US crypto market overseer next year: report A new US regulatory entity focused on crypto will be proposed next year by Senator Cynthia Lummis, according to Bloomberg. Read Full Story Dec 25, 2021, 2:03PM UTC 'A really happy accident': MoonPay boss sheds light on how the startup is shepherding big-ticket NFT purchases Since November, MoonPay has been helping celebrities purchase items from some of the most popular — and expensive — NFT collections. Read Full Story Dec 24, 2021, 5:57PM UTC Centralized crypto exchanges saw over $14 trillion in trading volume this year Centralized crypto exchanges reported more than $14 trillion in trading volume in the year 2021, according to The Block Research. Read Full Story Dec 24, 2021, 3:40PM UTC Amber Group’s UK Subsidiary, WhaleFin Technologies, Receives Approval as Appointed Representative for UK FCA-Authorised Firm Strata Global Limited Amber Group, a leading global digital asset platform, has announced that its UK subsidiary, WhaleFin Technologies (UK) Limited, has secured the Financial Conduct Authority (FCA) approval to become the Appointed Representative (AR) of FCA-authorised Strata Global Limited. Read Full Story Sponsored Post Adam White is set to depart Bakkt, and is walking away with millions of shares Adam White announced he is leaving Bakkt after 3-years with the company. Read Full Story Dec 23, 2021, 11:46PM UTC Decentralized exchanges saw over $1 trillion in trading volume this year Decentralized exchanges (DEXs) saw a record $1.1 trillion in trading volumes in the year 2021 as of December 23. Read Full Story Dec 23, 2021, 3:00PM UTC What made Sam Bankman-Fried launch FTX — and what he now thinks about the world (Part 2) Sam Bankman-Fried, the billionaire founder of crypto exchange FTX, joins The Scoop to close out 2021 in a two-part episode that explores the origin story of the increasingly ubiquitous trading venue, Bankman-Fried’s worldview, and what he expects for the digital asset market in the year to come. In Part 2 of this episode, Bankman-Fried and […] Read Full Story Dec 23, 2021, 2:31PM UTC More

Folks Finance, the leading capital markets protocol for borrowing and lending built on the top of Algorand blockchain, announces the closing of its $3 Million Seed Funding Round, led by Borderless Capital with participation from Jump Crypto, ParaFi Capital, Coinbase Ventures, OKX Blockdream Ventures, Genesis Capital, the Algorand Foundation and many others.

Folks Finance is the result of extensive research and engineering conducted by Blockchain Italia, a blockchain software house strongly focused on Algorand. The company dedicated its best minds to the project, designing a disruptive economic lending model and introducing unique features such as staking of rewards, safety margins for cryptocurrency pairs, and an innovative liquidity provision system.

Round leader, Borderless Capital is the largest Algorand ecosystem investor and is committed to provide a higher multiple of the invested capital into the Folks.Finance lending pools.

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David Garcia, who is CEO and Managing Partner at Borderless Capital as well as an angel investor personally supporting Folks Finance, said:

“We are proud to join Folks Finance as the lead investor in this round. Folks.Finance is a key pillar of the Algorand DeFi ecosystem. The team has done an amazing job developing their protocol and building a network of highly strategic partners, setting them up to hit the ground running at launch. The debut of Folks Finance will enable unprecedented amounts of composability among Algorand DeFi dApps and decentralized communities, empowering projects to actively participate in more inclusive and fair capital markets on-chain ”

Alongside Borderless, two mainstay crypto investing firms supporting the Folks Seed Round include Jump Crypto and ParaFi Capital.

Anjan Vinod, VP at ParaFi Capital, an alternative investment firm focused on blockchain and decentralized finance markets, also commented:

“As large DeFi users, we see money markets as critical infrastructure for any DeFi ecosystem. We believe Folks Finance is well-positioned to unlock liquidity for a variety of Algorand native assets and become a composable building block. From our first conversation with the Folks Finance team, we noticed how talented Benedetto and team were in designing and building DeFi applications. We are excited to support Folks’ vision in building a scalable money market.”

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Folks Finance’s list of seed investors also includes leading venture capital firms such as Coinbase Ventures, OKX Blockdream Ventures, Genesis Capital, Youbi Capital, Algorand Foundation, Meld Ventures, Eterna Capital, 0x Ventures, Polymorphic Capital, Valhalla Capital, ZBS Capital, and Gains Associates. Crypto veteran angel investors supporting Folks Finance include David Garcia, CEO of Borderless Capital, and  Calvin Liu, former Strategy Lead at Compound.

Several of the leading DeFi and Financial protocols of the Algorand Ecosystem also joined the seed round including Algomint, Tinyman, StakerDAO, MyAlgo, Venue One, xBacked, Prismatic, among others.

Folks Finance is currently in its smart contract security verification phase, after successfully completing a protocol design review, and early this year is planning the official launch for Folks Finance on the Algorand TestNet, along with the release of Folksy Guys, the official NFT collection dedicated to the Folks Finance community. The team will officially publish the research paper for the protocol economic model soon, and it is already working to establish the milestones of version 2.0. Intending to outline community-centric governance, the ASA-token FOLKS will offer its holders participation in protocol decision-making power, an incentive and staking strategy, and much more.

“We are delighted and excited about the outstanding portfolio that we have been onboarding on this investment round. The team’s excellent work has resulted in an innovative design that will make Folks Finance a mainstay in capital markets protocols. We are proud to be supported by the Algorand ecosystem, making us feel part of a strong developing and expanding family. 2022 will be the year of Algorand, and the imminent protocol launch will achieve an important milestone. We are enthusiastic about showing the outputs of a year of hard work behind the scenes.”

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[To share your insights with us, please write to sghosh@martechseries.com]

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The Block Research presents the 2022 Digital Asset Outlook Report In 2021, The Block Research produced more than 300 unique pieces of research for our research members. The 2022 Digital Asset Outlook Report, commissioned by GSR, looks at the most important cryptocurrency developments in 2021 and looks ahead to the future of the space in the coming years. The 160-page report covers 8 different sectors […] Read Full Story Dec 16, 2021, 3:00PM UTC Decentralized Metaverse Social Startup BOOM Fund $1 Million to Support Creators whilst the Launch IOS and Android App Boom is a key player in the emerging Social+NFT revolution that will form an important pillar of the incoming metaverse. As a decentralized Social+NFT platform, Boom allows users to interact with and meaningfully support key opinion leaders around the world whilst earning rewards. Read Full Story Sponsored Post Institutional crypto custodians raised more than $3 billion in 2021 Crypto custodial firms focused on the institutional market experienced a major upswing in funding in 2021, according to The Block Research. Read Full Story Dec 26, 2021, 1:23PM UTC A look at the crazy hiring spree crypto firms went on this year The sheer amount of money in the crypto industry pulled in thousands of people from traditional finance and tech. Read Full Story Dec 26, 2021, 12:48PM UTC Sen. Lummis to propose new US crypto market overseer next year: report A new US regulatory entity focused on crypto will be proposed next year by Senator Cynthia Lummis, according to Bloomberg. Read Full Story Dec 25, 2021, 2:03PM UTC 'A really happy accident': MoonPay boss sheds light on how the startup is shepherding big-ticket NFT purchases Since November, MoonPay has been helping celebrities purchase items from some of the most popular — and expensive — NFT collections. Read Full Story Dec 24, 2021, 5:57PM UTC Centralized crypto exchanges saw over $14 trillion in trading volume this year Centralized crypto exchanges reported more than $14 trillion in trading volume in the year 2021, according to The Block Research. Read Full Story Dec 24, 2021, 3:40PM UTC Amber Group’s UK Subsidiary, WhaleFin Technologies, Receives Approval as Appointed Representative for UK FCA-Authorised Firm Strata Global Limited Amber Group, a leading global digital asset platform, has announced that its UK subsidiary, WhaleFin Technologies (UK) Limited, has secured the Financial Conduct Authority (FCA) approval to become the Appointed Representative (AR) of FCA-authorised Strata Global Limited. Read Full Story Sponsored Post Adam White is set to depart Bakkt, and is walking away with millions of shares Adam White announced he is leaving Bakkt after 3-years with the company. Read Full Story Dec 23, 2021, 11:46PM UTC Decentralized exchanges saw over $1 trillion in trading volume this year Decentralized exchanges (DEXs) saw a record $1.1 trillion in trading volumes in the year 2021 as of December 23. Read Full Story Dec 23, 2021, 3:00PM UTC What made Sam Bankman-Fried launch FTX — and what he now thinks about the world (Part 2) Sam Bankman-Fried, the billionaire founder of crypto exchange FTX, joins The Scoop to close out 2021 in a two-part episode that explores the origin story of the increasingly ubiquitous trading venue, Bankman-Fried’s worldview, and what he expects for the digital asset market in the year to come. In Part 2 of this episode, Bankman-Fried and […] Read Full Story Dec 23, 2021, 2:31PM UTC More

Source: CoinMarketCap

Cryptocurrencies have been around us for quite some time now and over the past couple of years, we have been witnessing a surge in the industry’s overall growth and popularity. The crypto world has definitely been more than successful in luring in potential investors from all across the globe and has managed to make a name for itself in the global marketplace.

Having said that, I believe, a majority of you are already familiar with the basics of the industry but, if for some reason, that’s still not the case, let me help you with that first.

To begin with, cryptocurrencies are nothing but a form of digital currency which just like physical money can be used for a variety of purposes including the purchase and sale of goods and services as well as for the purpose of trade and exchange over cryptocurrency exchanges online.

In other words, crypto is a blockchain-based platform that is said to be decentralized to its very core. Now, being decentralized, the industry is more than capable of stepping outside the overall control and jurisdiction of central authorities and can work freely without any unnecessary government interference as well.

Moving further, when the industry was first introduced in the global marketplace, unlike what we see around today, there were not many currencies to choose from and honestly, not many investors were lining up to be a part of it either.

As mentioned, that is not the case anymore. Today, there is an entire pool of currencies for you to choose from, with newer ones coming in with each passing day and tons of new investors joining in every hour.

Source: ICO Drops

Not just that, some of the major contributing factors for this huge leap forward include its portability, intuitive nature, ease of use, the convenience it offers, volatility as well as high-profit margins of course.

Being volatile, you should probably be aware of the fact that, the price fluctuations in the crypto marketplace are almost instant, thus leaving no time to predict and plan accordingly. Therefore, whenever dealing in virtual currencies, keep in mind that, if the industry is providing you with a platform to earn huge profits and make quick money, if not done right, you could also end up having significantly huge losses as well.

Speaking of a lot of currencies available today in the marketplace, it is worth noting that, some of the popular ones for you to invest in right now includes Ethereum, Cardano, Bitcoin, Polkadot, Binance Coin, Bitcoin, Baby Doge, Dogecoin as well as EverGrow Coin to name just a few of course.

Not just that, as per the chatter amongst some of the leading experts on the field, it has come to our notice that, crypto is rapidly progressing towards completely revolutionizing the global payment system and from where I stand, it looks like it has already started to do so as many merchants and businesses have started accepting crypto as an official mode of payment from their customers.

Now that you have a brief backstory about the crypto world, you will be able to have a much better understanding of what we have with us today, LUKSO. To know more, I suggest you read further!

Everything to know about LUKSO (LYXe)

Source: Altcoin Buzz

LUKSO or as commonly referred to as LYXe is nothing but a multiverse blockchain network where the worlds of gaming, design, fashion, as well as social media, intersect. In other words, LUKSO aims at bringing Blockchain to the masses with the help of its industry involving standards processes, an innovative new direction of decentralized applications as well as its smart contract-based blockchain.

As per the platform’s website, LUKSO describes itself as simply a Blockchain infrastructure that is said to provide a series of standards as well as solutions for digital and physical consumer goods to foster circularity, transparency, and newer forms of responsible production and consumption.

Before moving on any further, it is worth noting that, LUKSO, the blockchain for new virtual lifestyle is known to be created by Fabian Vogelsteller, former Ethereum developer and author of ERC725, ERC20, as well as web3.js.  Also, LYXe is said to be the native utility token of the LUKSO platform that can indeed be used for a variety of purposes on the platform itself, which as a matter of fact, also happens to be the world’s first-ever Reversible initial coin offering (rICO) project.

Moving further, as mentioned, LUKSO is soon to introduce tools and standards that will help enable an entirely new economy based on Digital Certificates, Cultural Currencies a well as Universal Public Profiles. Basically, the platform is said to offer the foundation for new forms of sustainable ownership management as well as automated economic interactions.

Source: The SPIN OFF

In addition to this, LUKSO is a decentralized Proof-of-Work (PoW) blockchain that is majorly focused on the fashion industry, where Ethereum is to be used as collateral. Apart from this, the LUKSO ecosystem is said to consist of majorly four components including the LUKSO Orchestrator, Pandora Execution engine, Validator Client as well as The Vanguard Consensus Engine.

On a fairly similar note, the LUKSO blockchain that we have been talking about supports three major pillars, the first of which is Data Governance, which refers to LUKSO offering a universal, self-sovereign, and transferable identity, while enable users on the platform to prove their identity and take all the information with them, as and when they decide to leave the chain.

The second pillar for the LUKSO blockchain is virtualization, which is all about building virtual assets as well as services in the digital ecosystem and lastly, we have tokenization of assets, based on the so-called concept of digital collectibles.

As mentioned earlier, LUKSO’s goal is to create an entirely new set of applications that are focused on creativity, fashion, games as well as life cases. As a result, the team actively communicates with fashion brands and is also said to be in touch with many English Premier League football clubs.

Source: NFT World News

Furthermore, the platform aims on creating a fully digital fashion experience, purchase virtual clothing, create identities for users’ avatars as well as build a virtual economy of sorts for a 1.4 trillion dollar industry. Not just that, as you probably know by now, the LUKSO blockchain will be a smart contracts blockchain, which is said to be based on the Ethereum Virtual Machine (EVM).

As a matter of fact, LUKSO may just be the first-ever blockchain worldwide to adopt as well as run the Ethereum 2.0 Proof-of-Stake consensus algorithm, which is also referred to as the combination of both Casper as well as the EVM smart contracts execution engine. In addition to this, LUKSO might have started with the public chain but as a matter of fact, it is not just limited to it and is focusing on creating a democratic, innovative, vibrant as well as fashionable virtual economy circle.

Lastly, as we have understood by now that blockchain technology can be more than useful in creating virtual worlds, especially when moving from physical items to virtual goods, it is possible to make use of the advantages of cryptocurrencies. LUKSO is known to map physical commodities to the virtual network with the help of “digital twin” technology which is said to make use of blockchain technology to ensure uniqueness as well as authenticity in virtual commodities.

Now that we have talked much about LUKSO, some of you must be wondering, whether or not it is a good idea to invest in the platform? If that’s the case, then let’s find out, shall we?

Investing in LUKSO (LYXe)

Source: BTCManager

As of today, the price of LUKSO is about 14.69 US dollars with a twenty-four-hour trading volume of 1,919,310 dollars. Not just that, in just the past twenty-four hours, the value of LUKSO has gone down by 8.28 percent, and with the current market cap of 223,378,446 US dollars, LYXe is currently placed at #279 position as per the CoinMarketCap rankings.

Also, it is worth mentioning that, the current circulating supply of LUKSO 15,205,916 LYXE coins, with a maximum lifetime supply of about 100,000,000 LYXE coins. In just the past week alone, the price of the platform has fallen by 17.37 percent.

Reading so far, you must have gotten a fair understanding of the platform and by now, you should be able to figure out on your own whether or not investing in LUKSO is the right thing for you to do. Seeing what it has to offer when combined with its performance in the recent past as well as its plans for the near future, I certainly believe that LUKSO can prove to be a profitable investment in the near future, which is likely to provide you with higher returns and it is a possibility that your current investment may increase in value. But again, nothing can be said or sure!

Source: Nomics

If still not convinced, see it this way that, if say you buy LUKSO worth a hundred dollars today, you will receive nearly 6.826 LYXe. According to the analysis done by experts on the field, after five years of your investment, the return is expected to be about +584.81 percent and thus, your current hundred-dollar investment will be nearly 684.81 US dollars in 2026.

As mentioned at the very beginning, crypto is a highly volatile marketplace and is extremely uncertain. Thus, It is very important for you to understand the fact that just like any other currency in the crypto marketplace, LUKSO does have its own risks as well and you should invest only if you are willing to take those risks and bear any and all losses if at all necessary.

If you are wondering, where can you buy LUKSO? Let me help you with that. Currently, LUKSO is available on all major crypto exchanges but, some of the popular exchanges that have LYXe listed on them include KuCoin, Uniswap (V3), Gate.io, ZT as well as Uniswap (V2) to name a few.  

In conclusion, what are your thoughts on LUKSO? Do let us know in the comments area below. To know more about various cryptocurrencies, do check out other articles we have on our website. Thank you for your time & if you found our content informative, do share it with your investor friends!

Also read: Cosmos: Everything you need to know

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Floki Inu is proving that a meme-inspired cryptocurrency like Dogecoin wasn’t just a fluke — it could become a popular and lucrative investment. It’s closely following Shiba Inu, which some are calling one of the cryptos to watch in 2022. But is it worth investing in?

Meme-inspired cryptocurrency is an interesting concept, combining meme humor to solve real-world problems. Although relatively nascent, the Floki Inu currency has seen its market cap and value rising in a matter of months. 

However, it’s crucial to know everything about a cryptocurrency before investing in it.

About Floki Inu

Floki Inu is an ERC-20 token based on the Ethereum blockchain. It’s named after Elon Musk’s dog, which is a Shiba Inu. However, the whitepaper specifically says it’s not a meme but a movement. 

Since its inception, Floki Inu has shown consistent performance. As of December 2021, the market cap stands at $1.06 billion. This is pretty impressive for a cryptocurrency that hasn’t even been around for a full year.

Right now, it’s pretty cheap to buy this cryptocurrency. Its peak value so far has been $0.0003359, which it achieved on Nov. 4, 2021. Since then, it has seen an upward and downward trend but has yet to value closer to its peak. 

Building Wealth

Floki Inu has arguably a huge token supply, with the makers confirming a maximum of 10 trillion tokens in supply.

While Dogecoin and Shiba Inu started purely as meme-based coins, the makers of Floki Inu propose real utilities of the coin. Like many others, the cryptocurrency may become one of the trailblazers in the metaverse as it integrates there. 

Floki Inu Applications

According to its whitepaper and website, Floki Inu will have three pillars or applications:

The Floki Inu team is developing a play-to-earn NFT metaverse game called Valhalla, where crypto will be the preferred currency.Much like many other recent cryptocurrencies, Floki will be used for an NFT marketplace called FlokiPlace. Lastly, Floki Inu’s platform Floki Inuversity will help to educate people about cryptocurrency and blockchain, in general. 

While all of that is ambitious, some real progress in terms of utility projects is yet to be seen. However, that hasn’t stopped people from continuing to buy it. 

Is Floki Inu a Good Investment? 

While Floki Inu has shown consistent performance over the last quarter of 2021, it’s still largely a speculation currency. The so-called real-world applications in the form of metaverse games and the NFT marketplace haven’t materialized yet. However, that’s not a big con if anything has been learned from Dogecoin. 

Building Wealth

Floki Inu has recently partnered with a football club in Italy, SSC, to feature their logo on the stadium and uniform. The football collaboration, some other partnerships with Inverse Finance and the fact that it can also be used at Shopping.io make the cryptocurrency promising. 

There’s also a petition to get it listed on the most popular exchange, Coinbase.

Although its performance has yet to show an even bigger impact, Floki Inu may be worth investing in based on the interest and trust people are showing, especially those from the crypto communities. 

It’s also incredibly inexpensive to buy it right now, so even if a token reaches $0.01, you may make big profits. However, that may take some time — if it happens at all. 

Can Floki Inu Reach $0.01?

It took years for Dogecoin to reach $0.01, which happened only recently, and that too because of external factors like the unwavering support of Elon Musk. It’s hard to predict when Floki Inu could reach $0.01 — if at all. 

The probable reasons that could lead to a price surge up to a cent or more are if its market cap continues to grow, it becomes a useful currency, or the Floki Inu projects come to life. 

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That’s not to say that people might not invest in it or its price might not rise, but it doesn’t look realistic for this coin’s value to reach $0.01 soon.

Final Take

While Floki Inu is legit and has gained some value rather quickly, it’s just another one of the many cryptocurrencies on offer. It shows some promise, but recent performance hasn’t been incredibly stellar either. 

Should you decide to invest in Floki Inu, discretion is advised. As always, it’s best to diversify investments and not put all your money in one place. Cryptocurrencies are volatile, so Floki Inu could also be the next big crypto.

Information is accurate as of Jan. 3, 2022.

GOBankingRates’ Crypto GuidesWhat Is Cardano? (ADA) What is Bitcoin Cash? (BCH)What Is Chainlink? (LINK)What Is Dogecoin? (DOGE)What is Litecoin (LTC)What is Polkadot? (DOT)What is Ripple? (XRP)What is Stellar (XLM)What is Tether? (USDT)

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Scott Jeffries is a seasoned technology professional based in Florida. He writes on the topics of business, technology, digital marketing and personal finance.After earning his bachelor’s in Management Information Systems with a minor in Business, Scott spent 15 years working in technology. He's helped startups to Fortune 100 companies bring software products to life. When he's not writing or building software, Scott can be found reading or spending time outside with his kids.

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As the competition between cryptocurrency becomes more intense, it’s evident that buyers, investors, holders, are searching through the internet for something that can answer and quell their worries… sometimes, too much choice is simply too much and can send the hard drives in our brains to short wire, spark and eventually turns us away from the cryptocurrency market altogether.

Ethereum, HUH Token, and Shiba Inu are some of the cryptocurrencies that find their names in the news, over Reddit forums, and generally in the hurly-burly of the cryptocurrency news.

It’s no wonder then, that you’re here, reading this article wondering, for lack of a better phrase… what the fluff is going on in this crazy market known by no other name than crypto?

January 8, 2022 January 7, 2022

It can be quite simple when the noise filling the internet is slowed and stopped for a moment and the static of silence allows a brief reprieve from the incessant noise of the buy-nows and get-it-before-it-skyrockets.

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Trust me, it’s a noise I often try to block out too… so, I’ve tried to construct an article that gives you the meat and potatoes variation of cryptocurrency journalism, as opposed to the more often than not, paid-for content we all wish would come for air for a moment or two.

Taking a look at why the internet, forums, and general chatter around Ethereum, HUH Token, and Shiba Inu could be valid and why a break from the noise is needed for buyers, holders and investors alike should take a good look at these cryptocurrencies.

-->Getting To Grips With Ethereum

Ethereum is one of the biggest altcoins on the cryptocurrency market and for this reason, it has received the full character-arch of bad press, admiration, and every nitty-gritty thing that comes in between those pillars of truth, gossip, and rumour.

Though, with paid-for ads, some disgruntled less-than-pleased holders, and the onslaught of the free press it can be difficult to get the base root of what Ethereum is and what place it holds within the cryptocurrency market.

-->-->

Ethereum began with pretty earnest and well-meaning beginnings, where its creators wanted to generate a blockchain technology that could be used for many, many different aspects of the modern world and aid in bettering such a world.

Like the invention and pattern of the common seatbelt by an engineer at Volvo, the Ethereum blockchain was created and most importantly available, to all who wanted to use it with the hope that others could add usage capabilities that Ethereum themselves hadn’t even considered.

This was then harnessed by hundreds of other altcoins, like HUH Token and Shiba Inu which exist on Ethereums blockchain… meaning that ETHER is one of the most used and accessible currencies and blockchain technologies in the world… a worthy and often triumphant rival of Bitcoin (founded in 2009).

Ethereum, beyond the countless words of others, has many amazing attributes and for that reason, it’s easy to see why many cryptocurrency investors lean toward ETHER.

Recently, Ethereum moved into its Arrow Glacier period where it endeavored to severely decrease its power usage, which was once so high, it deterred the ever-environmentally-conscious-consumer from investing further… though it seems that Ethereum’s main aims are to attain a cryptocurrency equilibrium where they can see the potential of blockchain technologies being able to aid the world.

Shiba Inu came onto the scene, for the most part, as a joke-coin, directly targeting the top dog of the time (2020) Dogecoin… successfully marketing its way to the position and dodging the scam rumours and what appears to be a slow but steady beginning.

-->

It appeared, that, influence has great sway on cryptocurrencies and from it, something new was born in the crypto sphere and that was the idea, value, and increasingly popularised essence of a meme coin.

This spurred the creation of many others, as, with all meme currency it enables investors with smaller amounts… in other words any investor who isn’t a Whale investor can sway the influence and therefore value, of a cryptocurrency.

Something, that otherwise, was relatively unheard of and hard to achieve.

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Shiba Inu added the value of marketing to an already saturated cryptocurrency market, though it now seems like there’s an unhealthy plethora of jargon-crammed rhetoric over the internet that it’s hard to know whats a mere pump tactic and what is generally some sound advice or simply a look into the cryptocurrency world.

Shiba Inu reinvigorated the cryptocurrency world on its summer of 2020 launch, however, it spawned an onslaught of countless, ruthless, and often shameless attempts at achieving the same from other cryptocurrencies… that might not have worked so well for them.

One model doesn’t fit all.

Shiba Inu recently made moves to enter the metaverse and offer greater control, to SHIB holders, over their investments in the cryptocurrency and it was greatly and joyfully received by all and even boosted the crypto on the market.

It appears that HUH Token entered the market during one of its many bullish states, and for that reason seemed to skyrocket instantly and with it bought along with the admiration of many HUH Token holders, though the fanfare seemed to wain when the rumours of a scam circled the internet like flesh-eating birds of prey on the hunt for a fresh meal.

Despite countless attempts to rectify make the words scam and HUH Token synonymous with one another the multichain cryptocurrency managed to remain a firm favourite of holders and continues to exceed expectations from day one.

HUH Token recently made its multichain dreams a reality… wherein the token exists across Binance and Ethereum… meaning that the idea of a scam is getting further and further away from HUH Token and its creators.

The cryptocurrency market is often volatile but can offer a stream of passive income as well… though it’s always keen to observe that no matter what I or other crypto writers say it’s always best to form your own opinion on something that is, as of yet, largely unregulated.

Such findings can be found at the links beneath, where conversations exist about tokens and coins on the likes of The Telegram and you can find roadmaps for cryptocurrencies too, as well as a whole plethora of interesting and informative copy.

Website: https://huh.social HUH Official Swap: https://swap.huh.social/

Telegram: https://t.me/HUHTOKEN Twitter: https://twitter.com/HuhToken Instagram: https://www.instagram.com/huhToken/

Tags: EthereumHUH TokenShiba Inu

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1/7/2022 11:17:41 PM Share on Facebook Tweet on Twitter

(MENAFN- EIN Presswire)

Is ETH the disruptor or will it be disrupted? Antonio Velardo hosted a video podcast about the future of Ethereum.

Antonio Velardo

Is ETH the disruptor or will it be disrupted? Antonio Velardo hosted a video podcast about the future of Ethereum.

MIAMI, FLORIDA, USA, January 7, 2022 /EINPresswire.com / -- A few months ago Antonio Velardo hosted a video podcast where Velardo, Medhi Farooq, and Xenofon Kontouris' team got together to speak about the Etherum ecosystem, the Bitcoin network, and the probable future interoperability of the different blockchain projects in the space. After the introduction of the speakers, Velardo started the discussion with a simple yet powerful question about the differences between the network capabilities of Bitcoin and Etherum and if the latter would be able to eventually gain market share to the first. They agreed on the fact that Bitcoin's network was, more than just the first mover, the ecosystem that made it all possible. They comment that the leading blockchain would be around for a long time and that Bitcoin's community will find different ways to thrive in the future. They spoke about the added value of Etherum and its market share could be set to grow against the Bitcoin network depending on the deployment of the Etherum 2.0 upgrade and the willingness of the Ethereum community of enhancing the ecosystem. They also stated that the security and decentralization of Bitcoin core blockchain is likely a great competitive advantage while also stating that Etherum has its own moat as well regarding the complexity of its environment and the tools it counts on with for developers and other collaborators. By the time of the panel, the burning mechanism of Ethereum wasn't yet in place so they predict some of the things that have actually happened. They also spoke about the importance of the tokenomics of the different projects and made comments on some of the altcoins' ecosystems and functionalities and strategies. If you are in the blockchain sector you cannot miss this panel discussion so check out the video podcast that we have shared at the end of this article. About Antonio Velardo Antonio Velardo is an experienced Italian Venture Capitalist and options trader. He is an early Bitcoin and Ethereum adopter and evangelist who has grown his passion and knowledge after pursuing the Blockchain Strategy Programme at Oxford University and a Master's degree in Digital Currency at Nicosia University. Antonio manages an 8-figure portfolio of his investment company with a team of analysts; he is a sort of FinTweet mentor, people interact with him online , and he has more than 40,000 followers after his tweets. He has built a fortune in the great tech years and put together a tail strategy during the pandemic that allowed him to take advantage of the market drop. 'I did not time the market, and I did not think this was even a black sworn,' he says. On the side of the financial markets, Velardo has a unique combination. He was a real estate entrepreneur that developed several projects in Tunisia, Miami, Italy, the UK, and many other countries and cities. But he has always been passionate about options trading. Still, contrary to the volatility player and quant trading, he always had a value investing touch in his blood. Antonio studied Value Investing at Buffet's famous business school at Columbia University. Even though the central concepts of value investing are antagonists to the venture capital pillars, Antonio's approach tries to bridge elements of both worlds in order to seek alpha. Velardo has learned the importance of spotting pure growth stories and taking advantage of their S-Curve position. This is an essential element of Velardo's approach as he looks forward to embracing great tech stories at the right time of the adoption cycle. This applies to stocks but also to blockchain projects.

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Is ETH the disruptor or will it be disrupted? Antonio Velardo hosted a video podcast about the future of Ethereum.

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LaCucina, the fair DeFi engagement platform, is coming out of stealth, announcing its official launch this January on the Binance Smart Chain, the first one on the blockchain to offer regular users a way to enjoy DeFi even more. Through its advanced engagement enhancing system, the platform offers a variety of benefits-boosting opportunities to users who use selected decentralized exchanges. LaCucina also announces its collaboration with MDEX, a leading decentralized cryptocurrency exchange, and Beefy.Finance, a secure and high-APY multi-chain yield optimizer.

Many DEXs and farms offer lucrative opportunities with high-percentage yields, yet they are often designed to mainly benefit the crypto whales, essentially allowing the rich to get far richer, while those who hold less see very slow growth. These benefits derive from staking protocols that mostly reward users for staking large sums into the liquidity pools rather than for their dedication to bringing liquidity, no matter what the staking amount. LaCucina evens the playing field by rewarding engagement in a more fair, fun, and flexible way.

Teaming up with MDEX and Beefy.Finance, LaCucina amplifies their users’ rewards on coins staked at those third-party platforms through an engaging and fun benefits program. LaCucina sets up Ovens for select liquidity pools on MDEX and Beefy’s Vaults. These Ovens then monitor the transactions in the underlying liquidity pools or vaults and reward users based on a multitude of parameters such as liquidity timing or duration. By linking their wallets with LaCucina, users who participated in the target pools over the designated time periods will be able to get additional benefits.

As part of the collaboration, MDEX will offer a farm for the $LAC liquidity pool, rewarding $LAC liquidity providers with its $MDEX token. LaCucina will set up an Oven for this liquidity pool, making sure its participants are also rewarded with $LAC. Beefy.Finance, for its part, will launch a Vault for the MDEX farm, further amplifying the benefits for liquidity providers. To claim their rewards, liquidity providers will not have to move their staked positions or stake anything at LaCucina; the platform does not feature native staking and operates as an additional reward level on top of third-party decentralized exchanges and farms.

LaCucina is also granting retroactive perks to users who provided liquidity to select liquidity pools on MDEX, PancakeSwap, and Sushiswap in past months as well as a wide variety of ongoing reward programs. The users do not have to do any additional staking to claim their rewards. The platform’s flexible engagement enhancing system, or Cooking Plans, is designed to prioritize factors other than the stake size, such as the time when the stake was made, its duration, and other parameters. This allows small users to punch above their weight with well-timed and committed engagement.

LaCucina also introduces a unique and innovative way for users to increase their relative share of rewards via interaction with NFTs. Users can spend their LAC tokens to get “Secret Ingredients”—special NFTs, such as “Space Mushrooms” and “Martian Worms.” These NFTs representing interstellar food ingredients are released on an on-going basis and vary in rarity and nutritional value. LaCucina users can put several ingredients together to “cook” a new NFT of a different type—a Reward Boosting Dish such as pizza, pasta, or zuppa. The Dish will carry a multiplier that its owner can then activate on any Oven to increase their relative share of rewards. The multipliers will range between 1 and 10, depending on the rarity and nutritional value of the ingredients used.

“LaCucina was born out of the necessity for projects to create appealing and attractive ways to incentivize users to engage with and promote participation. None of the existing DEXs and farms out there offer the level of flexibility that LaCucina offers, resulting in biased allocations of rewards, in such a way that the rich get richer and the small players do not stand a chance of properly enjoying DeFi,” says LaCucina’s Head Chef. “But the vision doesn’t stop there. LaCucina is planning on being the most impartial launchpad for crypto projects, facilitating direct engagement between projects and users and allowing projects to directly reward users for their engagement with the project. LaCucina’s roadmap for the near future offers a truly special product and aims to set a new standard for launchpads.”

“Our mission is to help users maximize their profits when putting their crypto to use,” says Weso, Head of Strategic Partnerships at Beefy Finance. “LaCucina’s vision is geared toward the same goal, which makes it a perfect partner. We are happy to be offering our users even more value from their investments with no additional costs on their end and look forward to welcoming more investors on our platform.”

“Liquidity providers are a central pillar for any decentralized crypto exchange,” says KIKO, CMO of MDEX. “Without their support, such projects cannot function. Any extra incentive for users to stake their tokens into liquidity pools ultimately works toward enabling the larger crypto ecosystem as such, which makes projects like LaCucina such a crucial piece of the puzzle. We are thrilled to be moving ahead with this partnership.”

About LaCucina LaCucina is a DeFi engagement enhancement platform that introduces a new layer of rewards  top of existing DEXs and farms, specializing in custom engagement enhancing policies for crypto projects, such as a unique and entertaining NFT system and multi-DEX engagement. The goal of LaCucina is to further democratize the DeFi landscape, evening the playing field for crypto holders of all sizes and facilitating direct engagement between projects and users. LaCucina is an independent venture. LaCucina does not have a formal partnership with PancakeSwap, Sushiswap,Uniswap, or any other DEXs. For more information, visit https://www.lacucina.io/

About Beefy.Finance Beefy.Finance is a secure and high-APY multi-chain yield optimizer utilizing automation to help users make the most of their investments. The platform operates a wide variety of single- and multi-token Vaults on multiple blockchains, which users can deposit their tokens into to earn compounded yields. Users can withdraw their tokens at any time and do not hand over ownership over their assets to Beefy. The protocol operates as a major liquidity pool provider for major decentralized exchanges, including SushiSwap, PancakeSwap, and BabySwap. For more information, visit https://www.beefy.finance/

About MDEX MDEX is a leading decentralized cryptocurrency exchange working to expand the cross-chain interoperability between the top blockchains. The project’s end goal is to create a comprehensive and multifaceted DEX ecosystem that would enable seamless digital asset swaps across different blockchains. Ranked in the top 30 decentralized exchanges by trading volume on CoinMarketCap, MDEX offers users a unique dual mining mechanism and supports Binance Smart Chain, Ethereum, and Huobi Eco Chain. For more information, visit https://mdex.com/#/

Maison Hennessy is proud to announce its first-ever NFTs in partnership with BlockBar.com, featuring Hennessy·8, a blend crafted to honor a time of transition.

In 2017, the Maison’s 7th-generation Master Blender, Yann Fillioux, passed the torch to his nephew, Renaud Fillioux de Gironde, unveiling for the occasion a remarkable, highly symbolic blend. Crafted using one eau-de-vie from each generation of Hennessy Master Blender, Hennessy·8 now enters a new dimension as NFTs, with its first and last carafes presented as a dual drop on BlockBar.com.

Five years in the making, Hennessy·8 honors the arrival of a new generation and the Maison’s heritage of passing down its cognac-making savoir-faire. Exquisite, elegant, and subtle, it is a cognac that embodies 250 years of excellence, perpetual reinvention and shared expertise.

Numbered 1/250 and 250/250 respectively, these two NFTs present an exclusive opportunity to own remarkable moments in cognac-making history. Maison Hennessy will also open its doors at the Hennessy estate in Cognac, France to the buyer of the NFTs, as a friend of the House.

These unique NFTs are being offered exclusively through BlockBar.com and represent the pinnacle of the art of cognac-making, whether for personal enjoyment, investment, or a future legacy. Upon purchase, the cryptographic version will be held securely by BlockBar, with a record of authenticity held on the blockchain as a digital certificate of ownership. The buyer may choose either to redeem the physical product and have it delivered from BlockBar’s secure storage facility, or to safely trade its NFT version within the BlockBar.com marketplace.

“Hennessy is renowned for innovation and passing down know-how from one generation to the next, so we’re honored the Maison has chosen to partner with BlockBar to mark this innovative milestone with its first NFT,” said Dov Falic, CEO and co-founder of BlockBar.

The Hennessy·8 NFTs come accompanied by both physical and digital attributes. A commemorative sculpture accompanies each purchase, along with a jewel-like copper key to open the physical chest, which cradles the carafe like a protective shell. The chest, designed by Arik Levy using oak staves sourced from La Sarrazine, the Hennessy cooperage, is made of 25 layers, each one symbolizing 10 years of Hennessy’s history. An elegant companion toolbox contains 4 tasting glasses originally designed by glassmaker Georg Riedel and Yann Fillioux 30 years ago; these have been re-edited exclusively for Hennessy·8. A pipette made of oak barrel wood and a cork holder are also included. A keepsake brochure describing the genesis and spirit of Hennessy·8, a personalized authentication plate and a numbered certificate signed by Yann Fillioux complete the presentation of the Hennessy·8 legacy cognac.

The two Hennessy·8 NFTs available to one buyer only, priced at 70.47 ETH (approx. $226,450.00), will drop on Wednesday 12th January 2022 via blockbar.com. At 9:30 AM EST, a lobby will open for users; to gain access a user must have 1 ETH in their wallet and have it connected to the site. At 10:00 AM EST, all users in the lobby will be shuffled into random order. BlockBar will then proceed through the queue. Each person at the top of the queue has 10 minutes to submit a deposit of 1 ETH and then a further 48 hours to submit the remaining balance. Full Terms & Conditions may be found on BlockBar.com. The NFT may be purchased from BlockBar with Ethereum (ETH) or by credit card.

About Hennessy

The leader in Cognac, the Maison Hennessy has shone around the world with its exceptional know-how for more than 250 years. Built on founder Richard Hennessy’s spirit of conquest, the brand is present in more than 160 countries. Based in the heart of the Charente region, Hennessy is also a steadfast pillar of the regional economy.  The House’s success and longevity are rooted in the excellence of its cognacs, each of which is born of a unique process of transmission of know-how from generation to generation. The first spirits house to be certified ISO 14001, Hennessy unites its capacity for innovation and the support of all of its partners to protect this exceptional area. As a crown jewel of the LVMH Group, Hennessy is a major contributor to French international trade, with 99% of production sold in export, and a worldwide ambassador for the French art de vivre.

About BlockBar 

Founded in October 2021, BlockBar is the world’s first NFT DTC marketplace that connects consumers and collectors with the owners of luxury wine and spirits brands by providing the opportunity to exchange NFTs for unique products. Having been in the spirits industry for many years co-founders Dov and Sam Falic noticed the issues consumers and brands were facing in the world of wine and spirits, so launched BlockBar to provide transparency, authenticity, quality assurance and storage. BlockBar’s proprietary platform allows consumers to purchase asset backed NFTs directly from the brand owners themselves. BlockBar’s proprietary smart contracts verify authenticity, and its partnership with top cyber- and crypto-security firms ensures that transactions are fully protected and transparent. Consumers are able to transact directly with the brands and no longer have to worry about authenticity or storage. The physical bottles are stored in a secure facility in Singapore with 24/7 security, motion sensors, and temperature control. Buyers can pay for products via credit card or Ethereum and have the option to either burn the NFT to redeem the physical product or resell the product through the BlockBar.com marketplace.

PLEASE DRINK RESPONSIBLY.

For More Information: https://www.hennessy.com

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IoTeX announced the highly-anticipated launch of MachineFi, an innovative combination of machine and DeFi to monetize machine-driven data, events, and tasks that unlocks a trillion-dollar opportunity in the Metaverse and Web3.

MachineFi’s main objective is to transition traditional IoT and machine verticals into MachineFi decentralized applications (Dapps) that will enable millions of users to participate in the machine economy with billions of smart devices.

The world has witnessed the boom of smart devices and automated machines, including smart home devices and smart cars. However, few have noticed inter-machine communication is significantly increasing.

“Today, numerous machines have already started collaborating, producing, and distributing, and they consume information and resources collectively, forming a heterogeneous network of machines,” explains IoTeX CEO and Founder, Dr. Raullen Chai. “Machine networks are communicating with other machine networks accomplishing even more advanced tasks,” Dr. Chai added. “This is essentially a new form of economy, a machine economy or machine finance, which is MachineFi. MachineFi is here to reshape the future of the machine economy that is upon us.”

According to a McKinsey report, the Internet of Things (IoT) could unlock a global economic value of up to $12.6 trillion by 2030. Techjury estimates that over 125 billion devices will be connected to the Internet by the start of the next decade, powering that machine economy.

Dr. Chai explains that the convergence of artificial intelligence, blockchain, cloud computing, edge computing, the Internet of things, 5G, computer vision, and augmented/virtual reality pushes human society through the next digital revolution wave. “Although these technologies have evolved independently, they have become increasingly intertwined around a new form of productivity — MachineFi,” he added.

At the core of MachineFi MachineFi is the result of three years of the IoTeX team’s continuous and tireless research and development and the establishment of a solid foundation for the project moving forward. MachineFi has been designed to tie machines together. It enables them to trade information and resources in real-time.

“MachineFi ties the machines together, lets them trade information and resources in real-time, and at a global scale, which is unprecedented,” explains IoTeX Blockchain and Cryptography Lead Dr. Xinxin Fan. He Fan says there are two critical ways this new machine economy will shape the future — mirroring the physical world to the metaverse and programming the material world from the metaverse.

“By continuously improving the interactions between the physical and virtual worlds, the metaverse is expected to transform every aspect of our lives and disrupt and reshape the next-generation systems in all the sectors in a way that we are only beginning to imagine today,” says Dr. Fan.

Machines are the workforce in the physical world, and the information they capture can be supplied to the metaverse, enriching DeFI, gaming, NFT, and social media applications. However, more groundbreaking is that metaverse apps can actually “program” the real world by using machines.

MachineFi has been designed to enable millions of people to monetize their personal information and the data their smart devices generate with decentralized applications built on IoTeX, the fastest, most secure, and most scalable blockchain platform in the industry.

Who will own this new machine economy? IoTeX’s revolutionary blockchain has the power to shift the balance of global wealth that is currently in the hands of the 1%. IoT is presently mainly controlled by Big Tech, including Facebook, Google, Amazon, Microsoft, and other large corporations. They currently profit from our privacy and intelligent devices. They make about $35 monthly from each user’s personal information, according to a recent report. And then there are the hundreds of other companies that collect our data globally, who alone have raked in over $150 billion in 2012, according to a WebFX Team study. It adds that our email address sells for $89.

It’s time to end this unethical and unscrupulous control Big Tech firms have over our data and intelligent devices and the valuable information they generate. MachineFi is here to change that through composability, bringing together the creativity and productivity of pioneering developers.

The current engine — cloud computing, IoT platforms — that powers machines do not have what it takes to push the new upcoming machine economy. It leads to monopolized ownership of the future workforce, and, more importantly, it does not have the critical pillars for a new machine economy to sprout.

MachineFi consists of a suite of blockchain-based protocols such as DeFi, SSI, DAO, NFT, and decentralized device management to enable developers to build innovative machine-driven applications. MachineFi offers a comprehensive set of building blocks for developers creating machine-driven Dapps in the virtual world.

People who own smart devices will be enabled to participate in various machine-driven financial activities to earn cryptocurrencies, including renting their smart devices from other peers to collect data, monitor events, and/or complete tasks for a predefined period.

“MachineFi realizes the vision that devices are owned by the people and are for the people. By participating in the machine economy, people can fully monetize their devices and associated digital assets on a global scale,” concluded Dr. Chai.

MachineFi roadmap Q4 2021: IoTeX launches the MachineFi portal, a universal registration hub for devices like Pebble Tracker and Ucam.

Q1 2022: IoTeX will release a groundbreaking “real-world data oracle” that will for the first time ever provide blockchain Dapps with real-time data from IoTeX-registered machines rather than price feeds and historical data from APIs. The IoTeX proprietary oracle will have the capability of making telemetry data from machines available to smart contracts, enabling a new design space for developers to build new applications that incorporate everyday activities. For example, one’s real-time GPS location can be used to claim NFTs.

Q2 2022: IoTeX releases the first Decentralized Identify (DID) framework for all machines registered to the IoTeX blockchain. This DID will become the standard across all IoT platforms and networks, and allow machines to exclusively own the data and value they generate. It will be with this DID that devices will be able to communicate with each other, with humans and therefore businesses. By combining innovations in blockchain, identity, oracles and hardware, IoTeX will make real-world data available to blockchain dApps for the first time.

Q3/Q4 2022: The MachineFi Hub is launched. Although hundreds of Dapps will already be available on the IoTeX blockchain for public use, the Hub will be where all the Dapps will be available and seamlessly connected to a user’s fleet of devices. It will also be where developers can leverage templates and modular tools to create their own solutions and dApps without cumbersome coding and enabling their users to monetize their data in a self-sovereign way.

Q3/Q4 2022: IoTeX launches its cross-chain data bridge, by which all machine data will be able to be used across all EVM-compatible blockchains and therefore have optimal utility for users and developers alike. For example, the ability to combine supply chain tracking data on IoTeX with supply chain documents on Ethereum or other blockchains will expand the utility of machine data originated on IoTeX.

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