Polkadot is a next-generation blockchain protocol with the objective to bring multiple blockchains together into a single network. The protocol builds on the foundations of previously launched blockchain networks like Ethereum and Cardano. The Polkadot blockchain seeks to provide a framework where individuals can effortlessly build their own blockchains, and it offers transparent and seamless exchange of data among different blockchains.

Back in 2017, Parity Technologies launched Polkadot as an open-source project, in collaboration with the Web3 Foundation. Dr. Gavin Wood, the mastermind behind the Polkadot crypto is Dr. Gavin Wood, co-founder of Ethereum and the author of the Solidity smart contract programming language. Robert Habermeier – the co-founder of Polkadot, is well known for being a distinctive member of the Rust programming language community. 

The four pivotal elements that keep the Polkadot blockchain functioning properly are the Relay Chain, the Parachains, the Parathreads, and the Bridges. Let’s find out a little more in detail about them, shall we?

The Relay Chain is the central Polkadot blockchain where all transactions are validated. The Relay Chain separates the addition of new transactions on the chain and the act of validating them, which allows the Polkadot blockchain to facilitate speedier transactions than most of its contemporaries. The Relay Chain is responsible for the network’s security, consensus, and cross-chain interoperability.

The Polkadot Relay Chain uses a variation on the Proof-of-Stake (PoS) consensus algorithm, dubbed the Nominated-Proof-of-Stake (NPoS). This allows any user staking the Polkadot coin, DOT, to play one or more of the following roles on the network: 

Parachains are the independent blockchains running on top of the Relay Chain. Parachains make use of the Relay Chain’s resources to confirm the accuracy of the transactions made on top of them. Each Parachain on the Polkadot blockchain is meant to serve a specific purpose. Every parachain is maintained by the collator responsible for producing blocks on that chain. 

Parathreads operate much the same way as a full parachain. The basic difference between parachains and parathreads is the fee structure. The registration of a parachain on the Polkadot blockchain is done through a governance proposal or a parachain slot auction. However, there’s a set fee for Parathread registrations that is much lower than the cost of registering a Parachain.

Bridges are the special Parachains that connect the blockchains running within the Polkadot ecosystem to external blockchains like Bitcoin, Ethereum, EOS, and Cosmos. This allows the seamless transfer of tokens between the Polkadot blockchain and outside networks without requiring a centralized exchange.

Polkadot doesn’t have to employ a singular blockchain to provide all kinds of services since the parachains allow the Polkadot ecosystem to employ separate, specialized blockchains to serve different purposes. 

The best thing about the Polkadot parachains is that they are able to cooperate by communicating with each other. Along with enabling different token transfers, the parachains can exchange messages and ask for information. 

While almost all blockchains that came before the Polkadot crypto had issues with the swift processing of transactions, Polkadot does not suffer from that same problem. Since all the parachains process transactions and produce blocks parallelly with the Relay Chain, the speed of the network overall is increased by a significant margin. 

In the case of almost all of the Polkadot blockchain’s predecessors, blockchain upgrades sometimes require forking the network, which takes quite a lot of time and effort. Hard forks especially can be quite difficult for the community members, even causing network splits like Bitcoin Cash. However, with the Polkadot crypto, the parachains and the main blockchain can upgrade themselves without the need for a chain fork. This particular feature allows the projects built on the Polkadot blockchain to implement and adapt to technological updates with ease.

The Polkadot coin, DOT, maintains the Polkadot crypto ecosystem. The Polkadot blockchain is designed to be fully run by its community, and the network allows its users to govern the network in a completely decentralized manner. They can vote on an existing proposal or can propose any changes to the protocol.

With the numerous unique features of the Polkadot blockchain, it’s no wonder that various projects have been building on Polkadot since 2018. These Polkadot projects are diversified and span several industries. Let’s take a look at some of the most popular Polkadot projects built within the ecosystem till date:

Founded in 2019 also by Gavin Wood, Kusama is based on the same codebase as the Polkadot blockchain, albeit being an early, unaudited release. The networks share the same underlying architecture, and governance on both the platforms is decentralized and permissionless, so all users who own the native tokens get a say in how the networks are run (Kusama’s native coin is called the KSM).

Kusama is Polkadot’s canary network. The title comes from the idea that canary birds were used in coal mines so they could detect Carbon Monoxide and other toxic gases and warn the miners of their presence. Similarly, Kusama plays the role of a canary by detecting any shortcomings or vulnerabilities in the Polkadot codebase. Kusama was developed to be a test bed for any and all new features planned to be implemented on the Polkadot blockchain. Once the new features land on Kusama and prove to work just fine, they are integrated with the Polkadot crypto network.

The top exchanges for trading in Kusama are currently Binance, Huobi Global, OKEx, BitZ, and HBTC.

Polkastarter is a DEX (decentralized exchange) built for cross-chain token pools and auctions. Other features of Polkastarter include token swaps through smart contracts, permissionless listings, private pools with password, and high slippage price alerts.

Powered by the Polkadot crypto ecosystem, Polkastarter is able to facilitate cross-chain swaps, and stay connected to the Ethereum Network and other blockchains for liquidity. With Polkastarter, projects will be able to raise capital fast in a decentralized and interoperable environment.

The top exchanges for trading in Polkastarter are currently Huobi Global, OKEx, BiKi, Hoo, and HitBTC. 

Energy Web Token (EWT) is a project launched with the objective to integrate the blockchain tech into the energy sector. The project is also creating a decentralized energy exchange.

As of right now, electricity markets around the world are mostly overly centralized and monopolistic. Consumers generally shop exclusively with the large players, which limits the options available to them. The non-profit Energy Web platform intends to instead bring about a consumer-centric energy market, with the help of blockchain technology.

The Energy Web Chain uses a proof-of-authority (PoA) based consensus mechanism and utilizes a copy of the Ethereum Virtual Machine (EVM) for distributed computations. The block rewards and the various charges on the Energy Web Chain are paid in the Energy Web Token (EWT) – which is the platform’s native crypto token. 

The top exchanges for trading in Energy Web Token are nkr is a blockchain infrastructure marketplace for Web 3.0. The Ankr project allows consumers to make use of customized and user friendly nodes. Essentially, Ankr enables easy access to blockchain technologies and DeFi by eliminating the need for complicated setups or high technical knowledge. The native coin of the network is ANKR. 

Ankr allows easy deployability of the Polkadot coin validators, and collaborates with other Polkadtor projects building within the Polkadot ecosystem.

The top exchanges for trading in Ankr are currently Binance, Huobi Global, HBTC, CoinTiger, and Bidesk.

Polymath is a security token platform that has very recently moved from Ethereum to the Polkadot ecosystem. As of right now, both Polymath’s ST20 security token (ERC-1400) and native POLY token (ERC-20) are live within the Polkadot crypto network. Following the shift from Ethereum, Polymath is looking to further develop its token’s functionalities utilizing Polkadot’s unique benefits.

The top exchanges for trading in Polymath are currently Binance, Huobi Global, VCC Exchange, Upbit, and CoinBene.

According to the developers behind the SORA project, SORA is on its way to become the decentralized central bank for the world. Put simply, SORA is an economic system that decentralizes the notion of a centralized bank. The SORA network provides various tools for decentralized applications that use digital assets, like facilitating atomic token swaps, bridging tokens to other blockchains, and creating programmatic rules.

The top exchanges for trading in Sora are currently Hoo, Uniswap (V2), Bilaxy, Hotbit, and 1inch Exchange. 

Injective Protocol is one of the very first universal DeFi platforms for cross-chain decentralized derivatives trading. Market creation on the Injective platform is entirely open and permissionless, which enables any user to create a market using only a price feed and deploy it to the overall Injective ecosystem. With its unique layer-2 structure, the Injective protocol is also able to avoid high gas fees, as well as network congestion.

The top exchanges for trading in Injective Protocol are currently Binance, Huobi Global, VCC Exchange, ZT, and BiONE.

MANTRA DAO is a community governed DeFi platform that offers financial products such as staking and decentralized lending. MANTRA DAO makes use of the Rio Chain, a blockchain that is scalable, provides the maximum security, and connects to the Polkadot blockchain.

The top exchanges for trading in MANTRA DAO are try is a decentralized, cross-chain identity aggregator protocol that is intended to serve multiple networks. Litentry allows users to aggregate identities from other chains, and comes with an identity matching and identity staking mechanism.

The top exchanges for trading in Litentry are currently Binance, CoinBene, Gate.io, Uniswap (V2), and MXC.COM. 

Poolz Finance is a decentralized platform for conducting cross-chain IDOs (Initial Dex Offering). Poolz Finance allows users to create a pool for a new token where the investors get instant access to said tokens. The protocol aims to better connect project owners & early-stage investors.

The top exchanges for trading in Poolz Finance are currently Hoo, Gate.io, Uniswap (V2), Bilaxy, and 1inch Exchange.

Despite the fact that Polkadot is fairly new to the crypto scene, it’s already one of the best-performing altcoins out there. Back in August 2020, when the tokens first started trading, the prices were around $3 /coin. Since then, the prices have gone up to about $39 as of the beginning of March, 2021, which showcases a gain of around 983.8%.

Polkadot is already considered an alternative to Ethereum by many in the crypto community. Indeed, it’s undeniable that the new features Polkadot plans to implement in near future (like external audits for its parachains) prove it a suitable replacement for Ethereum. Whether Polkadot manages to dethrone Ethereum or not, that remains to be seen, but when it comes to the Polkadot coin price predictions, it’s very likely that the prices will continue to rise in 2021. Moreover, Polkadot price predictions also state that given that the hype surrounding Ethereum continues to grow, it could also help Polkadot prices go up, since the two cryptos are quite closely linked. 

In terms of market cap, Polkadot is already among the top ten highest valued cryptocurrencies across the globe, with a market cap of over $35 billion. At this point, it’s quite safe to say that the Polkadot coin has proven to be a much better investment than most of its contemporaries. And there you have it, a detailed look at the Polkadot ecosystem! We do hope this article has helped you understand the network a little better. For more posts on cryptocurrencies and trading advice, do give our blog a visit!

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Bitcoin bulls are struggling to bring the price of BTC beyond $50,000, while ADA, MATIC, and other large-cap altcoins are gaining double digits.

Bitcoin (BTC) is still looking for a way, but in the meantime, Ether and other altcoins have recovered from the May 13 sell-off. Investors were taken aback by Dogecoin’s 47 percent surge, which began after Coinbase revealed that it would list (DOGE) in the coming months. Doge’s value increased after Elon Musk tweeted that he was “working with Doge developers to improve system transaction efficiency.” Perhaps promising.”

While several altcoins have seen double-digit returns since the rebound, the price of Bitcoin (BTC) has remained around $50,000 as whale wallets holding at least 1,000 BTC have decreased by 4.7 percent relative to the previous month, signalling potential profit taking or asset rotation.

Data from TradingView shows that while the Bitcoin recovery has been muted, demand for Ether (ETH) led to an 18% rally as the altcoin notched an intraday high at $4,173 on May 14.

Gains in the top altcoin come despite mixed fundamental trends, with Glassnode data showing that wallets carrying at least 32 ETH have been slowly dwindling in recent months, implying that less people are involved in being “full validators” for the network’s upcoming proof-of-stake blockchain.

Although the controversy about whether the economy is technically undergoing an altseason continues, one of its distinguishing features is a sideways trading Bitcoin, which causes traders to refocus their interest on the altcoin market, resulting in a fall of Bitcoin supremacy.

Polygon (MATIC) is one of 2021’s rising stars, with its price rising by 60% in the last 24 hours to a new record high of $1.75.

Another project whose price has risen 45 percent from its lows on May 13 is iExec RLC (RLC), a decentralised cloud storage network that received a boost earlier this week when Coinbase announced that it would list the cryptocurrency.

Such noteworthy performances include an 80% rise in the price of Ergo (ERG) and a 48% increase in the price of Sora (XOR), which sent the token up over $800.

The overall cryptocurrency market cap now stands at $2.307 trillion and Bitcoin’s dominance rate is 40.3%.

A high-profile crypto strategist and trader is revealing 11 crypto assets that he plans to hold this month as he believes that altcoins are poised to ignite a massive breakout.

In a new tweet, pseudonymous trader Capo says that he plans to keep a bag of Syntropy (NOIA), a protocol that optimizes and encrypts the public internet for its users,  Reserve Rights governance token Reserve Rights Token (RSR), and leading smart contract platform Ethereum (ETH).

In addition, Capo says he plans to hold cybersecurity project Constellation (DAG), decentralized exchange Balancer (BAL), privacy-preserving decentralized database Phala Network (PHA), oracle project Tellor (TRB), autonomous economy platform Sora (XOR), automated market maker PorkSwap (PSWAP), video and gaming protocol Verasity (VRA), and blockchain-based ecosystem Sand.

— il Capo Of $NOIA (@CryptoCapo_) May 1, 2021

Capo says he expects altcoins to rally, particularly low-cap coins, as he believes the Others Dominance index, a chart that tracks the performance of the crypto markets excluding Bitcoin and other major altcoins has broken out of a massive five-year consolidation.

“Now is when people move from alts to BTC and alts pump a few days later. Very comfy being mostly in alts to be honest.”

Looking at NOIA, Capo believes that the altcoin is at the early stages of a massive parabolic move that would allow it to print gains of over 160% against Bitcoin (NOIA/BTC) from its current price of 0.00001229.

“ NOIA /BTC. Someone said parabola?”

As for Reserve Rights Token, Capo predicts that it has an upside potential of over 220% against Bitcoin (RSR/BTC) from its current value of 0.00000155.

“RSR /BTC. This wants to pump hard.”

The trader is also watching the movement of Ethereum. He says the ascent of the second-largest cryptocurrency will not stop at $10,000.

“Always step by step, but I don’t think the ETH top for this cycle will be $10,000. It will be higher.”

At time of writing, Ethereum is en route to printing a new all-time high as it soars above $3,000, according to CoinMarketCap.

Featured Image: Shutterstock/Mia Stendal

In a recent interview, with Justin Sun when asked about Elon Musk expressing his enthusiasm for Bitcoin (BTC) and how he has talked about Dogecoin, the interviewer also asked how it is possible to see TRON slip out of the top most favored cryptocurrencies by market cap.  Further asked, why do you think it is and how do you get people more enthusiastic about itself.

Justin Sun, expressed that he believes that the meme is very important in the cryptocurrency industry, and that offering cryptocurrency is welcomed by the millennial and the generation Z – the new generation in this kind of situation – he expressed, “I believe meme is the answer.”

Dogecoin, the reason it is loved by Elon Musk, I think definitely it is because, Dogecoin is one of the most famous meme coin in the industry. And, also we have seen a lots of these cryptocurrency, also start to have these kinds of meme on the crypto.

The interviewer asked speaking of meme, we just have the Game Stock Drama, you said at the height of the Game Stock Share price that you would buy 10 million dollar’s worth? Did you do it? Sun replied, we already bought 10 million GME, one million AMC, and one million SORA. And, the game stock price drop and we just have 2 millions left.

Okay, you are going to hold.  Yes, I am going to hold even if I lose money on the GME stock, but I still believe that this is a paradigm shift, between what is going to be the most valued stock in the market.

And, the shift to this kind of a community driven or internet community driven investment is the future.  So, when the interviewer asked if this is the meme culture point that you made right? Sun replied, “Exactly.” He further stated, people make investment decisions based on community and feeling rather than fundamentals?  Exactly, so, and I believe, that these kind of culture and sentiments and also community like driven is also a kind of the fundamentals.

The interviewer asked, speaking on spending money, you spent quite a bit during the famous lunch with Warren Buffet. I was just thinking, at the end of the lunch you gave him a Bitcoin, that is probably his successful investment of 2020. 

Sun replied yes.  He also stated that he gave Warren Buffet originally two advice on why to Buy Bitcoin and Why Buy Tesla?  He stated, he can make 12 times more than what he just gave him.

Interviewer stated, so, I wanted to talk about another project that you have taken in the decentralized space.  You are talking about doing a Clubhouse like app, And, I am curious about how a project like that matches with some of the sensitivities that you have seen in China – speech and censorship.  How are you going to pull that off?

Sun replied, definitely, I believe that Clubhouse is very popular in United States right now. And, I believe that Clubhouse is a very revolutionary product. He says they are strangers, but it is referred by your friends, so you can, see their social network connection while of course every country has their regulations.  So, we definitely are going to have these kinds of moderations to have to identify it based on the countries and the different kinds of regulations.  So, for example like the apps go round in several different types of counties, we will also have the server split from the major countries, guarantee the customer privacy, the same time also help us to moderate.

We hope you’ll like this article and if so feel free to send a tip to our writers in TRX or any other crypto via this link: https://thecurrencyanalytics.com/donate/

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Cryptocurrency investor and analyst Tyler Swope announced three small-capital altcoins that he believes have the potential to provide a huge boost to their cryptocurrency portfolios. In a new video, Swope introduced Sora Network (XOR), a project that runs in the Polkadot (DOT) ecosystem. The popular name, who made statements about Altcoin, used the following statements: “So what can come from Sora Network? Well, Polkaswap is coming, Uniswap and beyond for the Polkadot ecosystem… So what exactly is Polkaswap? It will be a scalable cross-ecosystem exchange platform. You will be able to trade Kusama (KSM), Polkadot and Ethereum-based assets through Polkaswap interfaces. ” The cryptocurrency commentator says that in addition to cross-chain interoperability, Sora Network is also leading the responsibility of developing the infrastructure needed to distribute central bank digital currencies (CBDCs). Swope emphasizes that Hyperledger Iroha is already strengthening Cambodia’s CBDC, which has the potential to facilitate millions of transactions in the future. Second on Swope’s list is the DeFi Pulse Index (DPI), a market-valued weighted index that tracks the performance of various decentralized finance (DeFi) assets: “So this set is basically a tokenized index fund that tracks and weighs itself against the best DeFi projects. The fund is fully transparent across token sets, including holdings with Uniswap (UNI), Aave (AAVE), yearn.finance (YFI) and more. And this token set has been on the rise lately. But DPI is just a set of tokens. A basket of altcoins. This is not actually a crypto money project. ” Swope notes that DPI is only one of many incoming index funds. He also hopes that as the indices are ERC-20 tokens, they can be pledged as collateral or used to aggregate returns in DeFi ecosystems. Third on the list of the crypto analyst is Index Cooperative (INDEX), which he says is the governance token that powers index funds. About this coin, Swope said, “They explain how INDEX works on their website. Index Coop creates and maintains the world’s best crypto index products. All index products are always fully collateralized. What about their first product? It is the DPI ”.

Crypto influencer and analyst Tyler Swope is naming three small-cap altcoins that he believes have the potential to give crypto portfolios a big boost. In a new video, Swope introduces Sora Network (XOR), a project that runs on the Polkadot (DOT) ecosystem, which he says has multiple use cases with huge implications. ADVERTISEMENT “So what could be coming from [Sora Network]? Well, Polkaswap is coming, the Uniswap for the Polkadot ecosystem and beyond… So what is Polkaswap exactly? Well, it will be a scalable, cross-ecosystem swapper. You will be able to swap Kusama (KSM), Polkadot, and Ethereum-based assets through their Polkaswap interface.” On top of cross-chain interoperability, the crypto influencer says Sora Network is spearheading the charge in developing the infrastructure required to deploy central bank digital currencies (CBDCs). “Sora Network is out from Soramitsu and out of any blockchain project out there, they are the furthest along with a CBDC, a central bank digital currency, even further along than Ethereum. Soramitsu has also created Hyperledger Iroha and going to this September Medium post about validator rewards within Polkaswap, they showed that Polkaswap would be powered by Hyperledger Iroha. So is Hyperledger Iroha already powering a CBDC? Yes, it has been and for a good while now.” Swope emphasizes that Hyperledger Iroha is already powering Cambodia’s CBDC with the potential to facilitate millions of transactions in the future. Number two on Swope’s list is DeFi Pulse Index (DPI), which is a capitalization-weighted index that follows the performance of various decentralized finance (DeFi) assets. “So this set is basically a tokenized index fund, which tracks and weights itself based on the top DeFi projects. And the fund is fully transparent on token sets including the holdings with the likes of Uniswap (UNI), Aave (AAVE), yearn (yearn.finance (YFI)) and more. And this token set has been pushing up feverishly as of late… But the DPI is just a token set. It’s a basket of altcoins. It’s not really from a token project per se.” ADVERTISEMENT Swope notes that DPI is only one of the many index funds that are coming. He also expects that since the indexes are ERC-20 tokens, they can be put up as collateral or used to farm yields in DeFi ecosystems. Third on the crypto analyst’s list is Index Cooperative (INDEX), which he says is the governance token that powers index funds. “Going to their website, they explain [how INDEX functions], ‘Index Coop creates and maintains the world’s best crypto index products. All index products are always fully collateralized.’ And their first product? If you scroll down, it’s the DPI, the DeFi Pulse Index on Token Sets.” Swope also notes that the DPI accrues thousands of dollars worth of streaming fees and it could go to the hands of INDEX holders if they vote to go in that direction. I Follow Us on Twitter Facebook Telegram Check out the Latest Industry Announcements  

Prominent crypto influencer and trader Tyler Swope is naming five altcoins that he says are set to erupt in the first quarter of 2021.

In a new installment of Chico Crypto, Swope tells his 160,000 YouTube subscribers that he’s keeping a close eye on projects that tie back to the Polkadot (DOT) ecosystem and Polkadot parachains. At the top of his list is Kusama (KSM) which is Polkadot’s canary network. Teams can use Kusama’s scalable network of blockchains to innovate or run experiments on their protocols in preparation for deployment on Polkadot.

Swope highlights that projects looking to leverage Polkadot’s limited number of parachains must all go through Kusama.

“Once parachains ramp up, there may only be a few parachain slots unlocked every few months. If you take that into account, for the first year after parachains go live, every few months would only equal at max 12 a year and only two to three after the first months. So the ones who have followed the correct path to a parachain through Kusama are more likely to be ready to win these auctions.” 

The second altcoin on Swope’s list Robonomics Network (XRT). The crypto influencer says that Robonomics is the most technically advanced team in the preparation process en route to a Polkadot parachain.

“So Robonomics on Rococo testnet? Check. It’s right there in the Github. How about Robonomics as a parachain on Kusama? Check. It happened back in May.” 

In addition, Swope emphasizes that Robonomics has a grand vision of transforming its Kusama parachain into a Polkadot relay chain.

“They aren’t aiming for a parachain. They are aiming for a relay chain. That is the goal. They also say, ‘By the time the Polkadot network is technically ready to accept 100 parachain projects and the Kusama network is successfully connected as a parachain in the Polkadot slot, Robonomics will be ready to introduce its own parachain of parachains to multiply the bandwidth.” 

At number three is Energy Web Chain (EWT), which Swope says bears similarity to Robonomics.

“Energy web isn’t just pushing for a simple slot, but filling that slot with another relay chain which can host multiple other parachains itself, not just be a single parachain or parathread, which is suitable for some DApps and projects.” 

Fourth is Sora Network (XOR) which Swope says is leading the charge in building the infrastructure needed to deploy central bank digital currencies (CBDCs).

“I’ve been super bullish on Sora Network… They have even put out a detailed Medium post with their parachain slot plans.” 

Number five is Bifrost (BNC), which is slated to participate in an auction for a parachain slot in Q1 next year, says Swope.

“They have a mint drop going on where you can lock Ethereum (ETH) and receive their BNC tokens for a sweet go live in Q1 2021.”

Featured Image: Shutterstock/weerasak saeku

Analyst and influencer Tyler Swope is revealing the top ten crypto picks in his portfolio.

Swope, who anticipates a big Bitcoin bull wave to close out the year, says he’s still a Chainlink (LINK) proponent despite its losses in the past two months. He remains a big believer in the decentralized oracle network and says LINK is still his number one pick for HODLing. The altcoin now makes up 40% of his portfolio.

“So why am I going to still hold every single one of my LINK with a grip tighter than Sly Stallone? Well it comes down to two things: Staking with LINK is still on the horizon, and rollups – not the fruit type.” 

The crypto trader notes that the much-hyped Arbitrum Rollup’s new testnet will be run by Chainlink nodes. LINK is trading at $10.80 at time of writing, down from its all-time-high of $19.85 in mid-August, according to CoinMarketCap.

Swope’s number two HODL pick is Bitcoin, but he says that evaluation is close to changing. BTC makes up 17% of portfolio.

Ethereum is his number three pick after the asset’s 82% price increase since late May. ETH represents 12% of his portfolio and he says he’s planning on adding to that position.

Energy Web Token (EWT) is at number four in Swope’s portfolio after nearly 94% gains since late May. The analyst reports that the German government partnered with Energy Web to build a prototype identity registry for Germany’s energy market. EWT is 6% of his portfolio.

REN is Swope’s number five, with gains of nearly 300% since late May. It’s also 6% of his portfolio. Number six is Unibright (UBT), which lost value since May and is now just 5% of his portfolio, down from 15% in late May.

Kusama (KSM) is his seventh HODL pick after increasing more than 400% in value since late May. The asset is 3% of his portfolio. Number eight is Rocket Pool (RPL), which, by contrast, only saw about a 12% increase since May. RPL is 2% of his portfolio.

Swope’s ninth pick is XDAI Stake (STAKE), which makes up 1% of his portfolio, and his tenth pick is Sora (XOR), also at 1%.

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Japans largest gift card exchange plans to use blockchain to spur its next phase of growth.Amaten, a secondary marketplace for , announced a partnership with theSingapore-based cloud computing startup ,according to a published August 20. The exchange plans to scale its operations internationally using s enterprise-oriented blockchain platform.Founded in 2012, Amaten has grown to capture 40 percent of Japans gift card exchange volume and takes in approximately $110 million in revenue annually. On a global scale, the gift card industry has ballooned into a $340 billion market.By converting gift cards to digital assets managed by Aelfs platform, the firm looks to revolutionize the way gift cards are issued, purchased and exchanged.The current system and technology used for gift card[s] is completely obsolete and dates all the way back to the mid 90s, said Amaten chairman Tom Kanazawa. It still suffers from basic fundamental shortcomings and is very inconvenient. I believe that the gift card industry can be a perfect use case for blockchain.Aelfs blockchain will provide an immutable record of a gift cards issuance and any exchanges of ownership, thereby increasing the transparency of Amatens platform.We have chosen to partner with Aelf, because they offer the scalability, dedicated sidechains and smart contract modules that we very much need to build our service rapidly and most cost effectively, said Kanazawa.The firm also suggests that blockchain may reduce the amount of gift cards that go unspent.Through the partnership with Amaten, we are hoping to pioneer the adoption of blockchain solutions within the traditional industries, says Aelfs Co-Founder and COO, Zhuling Chen.The Asian Crypto Landscape panel at Token Summit III in NYC. Left to right: Nick Tomaino (1Protocol), Vansa Chatikavanij (OmiseGo), Gordon Chen (FBG), Jason Fang (Sora Ventures) and Zhuling Chen (Aelf)Categories: CryptoCurrencyCryptoNewsTags: aelfBNBbtccryptocurrencyEthGift CardsIndiaLTCnewsSignup on Binance Price Rates

Ask maximum, and also you’ll listen the opinion that Asia is a minefield on the subject of cryptocurrency. The mere point out of regulatory motion at the already-volatile markets sends the cost of bitcoin (and because of this altcoins) right into a nosedive. One want best have a look at the new South Korean quandary or China’s ongoing aversion to cryptocurrency to verify this. Obviously, the continent’s function on this rising virtual realm must now not be underestimated. The makes an attempt by way of sure governments to prohibit the change of cryptocurrencies have now not labored relatively as meant, as a substitute pushing the scene into the underground, the place crackdowns have passed off (whilst extra tolerant nations, reminiscent of Japan or Hong Kong, watch them flourish legally).   Jason Fang is Managing Spouse at Sora Ventures, Asia’s first crypto-backed undertaking capital company devoted to blockchain and virtual foreign money investments, and CEO of the brand new Sora Basis. In dialog with Bitcoin Mag, Fang defined one of the crucial intricacies of Asian-based blockchain tasks and the way this new Basis, in cooperation with Sora Ventures, hopes to unite them to advertise cooperation and construction of the Asian blockchain neighborhood. The Sora Platform is constituted of 3 entities: the Sora Terminal, the place neighborhood participants can get impartial, unfastened and dependable data on the most recent blockchain offers from credible buyers; the Change Alliance, which is helping participants get entry to tokens and funding alternatives; and the Sora Community, which acts as a bridge for sources between blockchain communities, in addition to a gateway for non-crypto sources getting into the distance. Fang identified that Asia’s extremely political atmosphere gifts a specific problem to blockchain tasks, particularly referring to law. “In Asia, many of the communities within the blockchain area cluster into ‘clan-like’ buildings,” mentioned Fang. “This is to mention, they’re adversarial towards others: if one VC invests in a given mission, others gained’t. They’ll overtly try to discredit every different on social media, and refuse to percentage sources.” He additionally famous that during China there was a vital build up in “ICO golf equipment” and third-party buyers who fee steep club charges (upward of 600 ETH) for get entry to to data on the most recent blockchain offers. “This results in maximum Chinese language tokens being extremely centralized, with best 15–20 p.c being made to be had to the neighborhood.” Connecting disparate communities and offering get entry to to data around the continent is a key function of the Sora Community. “The Sora Community acts as a bridge for blockchain communities and a gateway for non-crypto sources getting into the distance,” mentioned Fang. “Since our participants’ backgrounds are all in institutional investment and exchanges, we discover ourselves to be extra impartial, and not more jaded by way of ideologies.” Sora plans to construct a knowledge terminal (related to a simplified model of the Bloomberg Terminal) with the intention to collect all the wisdom gleaned by way of quite a lot of tasks. It is going to supply scores on blockchain firms, perform analyses and supply explanations in regards to the strengths and weaknesses of those firms, with enter equipped by way of the companions within the group. Fang hopes that the neighborhood will thus be capable to get entry to impartial, unfastened and dependable data, with out the prevailing prime boundaries to access. In contrast to the ICO golf equipment, Fang mentioned that the Sora Basis plans to focus on now not simply Chinese language buyers however the ones throughout Asia. “We’re operating with Jap and Korean groups, and can make the terminal to be had in Chinese language, English, Jap and Korean.”  Qtum is a mission that sparked an excessive amount of hobby in 2017. Billed as “China’s Ethereum,” the Qtum blockchain is absolute best described as a hybrid of each Bitcoin and Ethereum, possessing the previous’s protected construction with the latter’s sensible contract scripting capability. “Qtum has an overly spectacular neighborhood in Asia. We partnered with them so we will be able to leverage their sources to assist our portfolio firms,” mentioned Fang. “Additionally they have an excellent tech stack this is achievable and solves a large number of the actual problems in Bitcoin and Ethereum. Therefore, we’d evaluation if there are methods for present blockchain tasks to paintings with Qtum with the intention to succeed in upper efficiency.” General, Fang painted an image of a extremely divided neighborhood in Asia the place cryptocurrency is worried. Executive crackdowns have best served to additional separate the ones working within the area and erecting prime boundaries to access on the subject of get entry to to data. The concept that of the Sora Basis can be a certain step for the area. By means of selling harmony among protocols and communities that have been, till now, maximalist of their visions, the group harkens again to the important tenets that dropped at existence one of the crucial maximum a success blockchain applied sciences: transparency, cooperation and neighborhood. The Sora Basis site may also be discovered right here. Altcoins Verge, a ”privateness coin” famed for the zealotry of its group, has fallen prey … Your email address will not be published. Required fields are marked * Notify me of follow-up comments by email.

Ask maximum, and also you’ll listen the opinion that Asia is a minefield in relation to cryptocurrency. The mere point out of regulatory motion at the already-volatile markets sends the cost of bitcoin (and in consequence altcoins) right into a nosedive. One want handiest take a look at the new South Korean predicament or China’s ongoing aversion to cryptocurrency to verify this. Obviously, the continent’s function on this rising virtual realm will have to no longer be underestimated. The makes an attempt via sure governments to prohibit the change of cryptocurrencies have no longer labored fairly as meant, as an alternative pushing the scene into the underground, the place crackdowns have passed off (whilst extra tolerant nations, equivalent to Japan or Hong Kong, watch them flourish legally).   Jason Fang is Managing Spouse at Sora Ventures, Asia’s first crypto-backed mission capital company devoted to blockchain and virtual foreign money investments, and CEO of the brand new Sora Basis. In dialog with Bitcoin Mag, Fang defined one of the most intricacies of Asian-based blockchain tasks and the way this new Basis, in cooperation with Sora Ventures, hopes to unite them to advertise cooperation and building of the Asian blockchain neighborhood. The Sora Platform is made out of 3 entities: the Sora Terminal, the place neighborhood individuals can get independent, unfastened and dependable knowledge on the newest blockchain offers from credible traders; the Change Alliance, which is helping individuals get admission to tokens and funding alternatives; and the Sora Community, which acts as a bridge for assets between blockchain communities, in addition to a gateway for non-crypto assets coming into the distance. Fang identified that Asia’s extremely political surroundings items a selected problem to blockchain initiatives, particularly relating to law. “In Asia, many of the communities within the blockchain area cluster into ‘clan-like’ buildings,” mentioned Fang. “This is to mention, they’re antagonistic towards others: if one VC invests in a given mission, others received’t. They’ll overtly try to discredit each and every different on social media, and refuse to percentage assets.” He additionally famous that during China there was a vital build up in “ICO golf equipment” and third-party traders who fee steep club charges (upward of 600 ETH) for get admission to to knowledge on the newest blockchain offers. “This ends up in maximum Chinese language tokens being extremely centralized, with handiest 15–20 p.c being made to be had to the neighborhood.” Connecting disparate communities and offering get admission to to knowledge around the continent is a key function of the Sora Community. “The Sora Community acts as a bridge for blockchain communities and a gateway for non-crypto assets coming into the distance,” mentioned Fang. “Since our individuals’ backgrounds are all in institutional investment and exchanges, we discover ourselves to be extra impartial, and no more jaded via ideologies.” Sora plans to construct an information terminal (related to a simplified model of the Bloomberg Terminal) so as to collect the entire wisdom gleaned via quite a lot of initiatives. It’ll supply scores on blockchain corporations, perform analyses and supply explanations in regards to the strengths and weaknesses of those corporations, with enter supplied via the companions within the group. Fang hopes that the neighborhood will thus be capable to get admission to independent, unfastened and dependable knowledge, with out the prevailing prime boundaries to access. In contrast to the ICO golf equipment, Fang mentioned that the Sora Basis plans to focus on no longer simply Chinese language traders however the ones throughout Asia. “We’re running with Eastern and Korean groups, and can make the terminal to be had in Chinese language, English, Eastern and Korean.”  Qtum is a mission that sparked a substantial amount of hobby in 2017. Billed as “China’s Ethereum,” the Qtum blockchain is perfect described as a hybrid of each Bitcoin and Ethereum, possessing the previous’s safe construction with the latter’s good contract scripting capability. “Qtum has an excessively spectacular neighborhood in Asia. We partnered with them so we will leverage their assets to assist our portfolio corporations,” mentioned Fang. “Additionally they have an outstanding tech stack this is achievable and solves numerous the true problems in Bitcoin and Ethereum. Therefore, we’d review if there are methods for current blockchain initiatives to paintings with Qtum so as to reach upper efficiency.” General, Fang painted an image of a extremely divided neighborhood in Asia the place cryptocurrency is anxious. Govt crackdowns have handiest served to additional separate the ones running within the area and erecting prime boundaries to access in relation to get admission to to knowledge. The idea that of the Sora Basis generally is a sure step for the area. By means of selling solidarity among protocols and communities that have been, till now, maximalist of their visions, the group harkens again to the important tenets that delivered to existence one of the most maximum a hit blockchain applied sciences: transparency, cooperation and neighborhood. The Sora Basis website online may also be discovered right here. Symbol copyrightReuters Sierra Leone’s opposition candidate, Julius Maada Bio, has been declared the winner of … Your email address will not be published. Required fields are marked *

Ask most, and you’ll hear the opinion that Asia is a minefield when it comes to cryptocurrency. The mere mention of regulatory action on the already-volatile markets sends the price of bitcoin (and consequently altcoins) into a nosedive. One need only look at the recent South Korean dilemma or China’s ongoing aversion to cryptocurrency to confirm this. Clearly, the continent’s role in this emerging digital realm should not be underestimated.The attempts by certain governments to ban the exchange of cryptocurrencies have not worked quite as intended, instead pushing the scene into the underground, where crackdowns have occurred (while more tolerant countries, such as Japan or Hong Kong, watch them flourish legally).  Jason Fang is Managing Partner at Sora Ventures, Asia's first crypto-backed venture capital firm dedicated to blockchain and digital currency investments, and CEO of the new Sora Foundation. In conversation with Bitcoin Magazine, Fang explained some of the intricacies of Asian-based blockchain initiatives and how this new Foundation, in cooperation with Sora Ventures, hopes to unite them to promote cooperation and development of the Asian blockchain community.The Sora Platform is comprised of three entities: the Sora Terminal, where community members can get unbiased, free and reliable information on the latest blockchain deals from credible investors; the Exchange Alliance, which helps members access tokens and investment opportunities; and the Sora Network, which acts as a bridge for resources between blockchain communities, as well as a gateway for non-crypto resources entering the space.Fang pointed out that Asia’s highly political environment presents a particular challenge to blockchain projects, especially regarding regulation. “In Asia, most of the communities in the blockchain space cluster into ‘clan-like’ structures,” said Fang. “That is to say, they are hostile toward others: if one VC invests in a given project, others won’t. They’ll openly attempt to discredit each other on social media, and refuse to share resources.”He also noted that in China there has been a significant increase in “ICO clubs” and third-party investors who charge steep membership fees (upward of 600 ETH) for access to information on the latest blockchain deals. “This leads to most Chinese tokens being highly centralized, with only 15–20 percent being made available to the community.”Connecting disparate communities and providing access to information across the continent is a key goal of the Sora Network.“The Sora Network acts as a bridge for blockchain communities and a gateway for non-crypto resources entering the space,” said Fang. “Since our members’ backgrounds are all in institutional funding and exchanges, we find ourselves to be more neutral, and less jaded by ideologies.”Sora plans to build a data terminal (comparable to a simplified version of the Bloomberg Terminal) in order to compile all of the knowledge gleaned by various projects. It will provide ratings on blockchain companies, carry out analyses and provide explanations regarding the strengths and weaknesses of these companies, with input provided by the partners in the organization.Fang hopes that the community will thus be able to access unbiased, free and reliable information, without the existing high barriers to entry.Unlike the ICO clubs, Fang said that the Sora Foundation plans to target not just Chinese investors but those across Asia. “We’re working with Japanese and Korean teams, and will make the terminal available in Chinese, English, Japanese and Korean.” Building on the Qtum PlatformQtum is a project that sparked a great deal of interest in 2017. Billed as “China’s Ethereum,” the Qtum blockchain is best described as a hybrid of both Bitcoin and Ethereum, possessing the former’s secure structure with the latter’s smart contract scripting functionality.“Qtum has a very impressive community in Asia. We partnered with them so we can leverage their resources to help our portfolio companies,” said Fang. “They also have an impressive tech stack that is achievable and solves a lot of the real issues in Bitcoin and Ethereum. Hence, we would evaluate if there are ways for existing blockchain projects to work with Qtum in order to achieve higher performance.”Overall, Fang painted a picture of a highly divided community in Asia where cryptocurrency is concerned. Government crackdowns have only served to further separate those operating in the space and erecting high barriers to entry when it comes to access to information.The concept of the Sora Foundation could be a positive step for the region. By promoting unity amongst protocols and communities that were, until now, maximalist in their visions, the organization harkens back to the vital tenets that brought to life some of the most successful blockchain technologies: transparency, cooperation and community.The Sora Foundation website can be found here.This article originally appeared on Bitcoin Magazine.

Ask maximum, and also you’ll listen the opinion that Asia is a minefield in relation to cryptocurrency. The mere point out of regulatory motion at the already-volatile markets sends the cost of bitcoin (and in consequence altcoins) right into a nosedive. One want handiest take a look at the new South Korean predicament or China’s ongoing aversion to cryptocurrency to verify this. Obviously, the continent’s function on this rising virtual realm will have to no longer be underestimated. The makes an attempt via sure governments to prohibit the change of cryptocurrencies have no longer labored fairly as meant, as an alternative pushing the scene into the underground, the place crackdowns have passed off (whilst extra tolerant nations, equivalent to Japan or Hong Kong, watch them flourish legally).   Jason Fang is Managing Spouse at Sora Ventures, Asia’s first crypto-backed mission capital company devoted to blockchain and virtual foreign money investments, and CEO of the brand new Sora Basis. In dialog with Bitcoin Mag, Fang defined one of the most intricacies of Asian-based blockchain tasks and the way this new Basis, in cooperation with Sora Ventures, hopes to unite them to advertise cooperation and building of the Asian blockchain neighborhood. The Sora Platform is made out of 3 entities: the Sora Terminal, the place neighborhood individuals can get independent, unfastened and dependable knowledge on the newest blockchain offers from credible traders; the Change Alliance, which is helping individuals get admission to tokens and funding alternatives; and the Sora Community, which acts as a bridge for assets between blockchain communities, in addition to a gateway for non-crypto assets coming into the distance. Fang identified that Asia’s extremely political surroundings items a selected problem to blockchain initiatives, particularly relating to law. “In Asia, many of the communities within the blockchain area cluster into ‘clan-like’ buildings,” mentioned Fang. “This is to mention, they’re antagonistic towards others: if one VC invests in a given mission, others received’t. They’ll overtly try to discredit each and every different on social media, and refuse to percentage assets.” He additionally famous that during China there was a vital build up in “ICO golf equipment” and third-party traders who fee steep club charges (upward of 600 ETH) for get admission to to knowledge on the newest blockchain offers. “This ends up in maximum Chinese language tokens being extremely centralized, with handiest 15–20 p.c being made to be had to the neighborhood.” Connecting disparate communities and offering get admission to to knowledge around the continent is a key function of the Sora Community. “The Sora Community acts as a bridge for blockchain communities and a gateway for non-crypto assets coming into the distance,” mentioned Fang. “Since our individuals’ backgrounds are all in institutional investment and exchanges, we discover ourselves to be extra impartial, and no more jaded via ideologies.” Sora plans to construct an information terminal (related to a simplified model of the Bloomberg Terminal) so as to collect the entire wisdom gleaned via quite a lot of initiatives. It’ll supply scores on blockchain corporations, perform analyses and supply explanations in regards to the strengths and weaknesses of those corporations, with enter supplied via the companions within the group. Fang hopes that the neighborhood will thus be capable to get admission to independent, unfastened and dependable knowledge, with out the prevailing prime boundaries to access. In contrast to the ICO golf equipment, Fang mentioned that the Sora Basis plans to focus on no longer simply Chinese language traders however the ones throughout Asia. “We’re running with Eastern and Korean groups, and can make the terminal to be had in Chinese language, English, Eastern and Korean.”  Qtum is a mission that sparked a substantial amount of hobby in 2017. Billed as “China’s Ethereum,” the Qtum blockchain is perfect described as a hybrid of each Bitcoin and Ethereum, possessing the previous’s safe construction with the latter’s good contract scripting capability. “Qtum has an excessively spectacular neighborhood in Asia. We partnered with them so we will leverage their assets to assist our portfolio corporations,” mentioned Fang. “Additionally they have an outstanding tech stack this is achievable and solves numerous the true problems in Bitcoin and Ethereum. Therefore, we’d review if there are methods for current blockchain initiatives to paintings with Qtum so as to reach upper efficiency.” General, Fang painted an image of a extremely divided neighborhood in Asia the place cryptocurrency is anxious. Govt crackdowns have handiest served to additional separate the ones running within the area and erecting prime boundaries to access in relation to get admission to to knowledge. The idea that of the Sora Basis generally is a sure step for the area. By means of selling solidarity among protocols and communities that have been, till now, maximalist of their visions, the group harkens again to the important tenets that delivered to existence one of the most maximum a hit blockchain applied sciences: transparency, cooperation and neighborhood. The Sora Basis website online may also be discovered right here. Symbol copyrightReuters Sierra Leone’s opposition candidate, Julius Maada Bio, has been declared the winner of … Your email address will not be published. Required fields are marked *