The anticipated flow of institutional capital into the crypto market has been a popular narrative over the last few years, but often with limited traction. Now, in the aftermath of the 2020 macro backdrop, it’s actually happening. Preparations for institutional involvement have been made, and enterprise-level solutions built for crypto custody, digital asset management, and trade execution brokerage.

As the crypto market recently topped $1 trillion for the first time and following projections for that to grow fivefold, it’s more important than ever that institutional-grade rails are in place to capture this critical mass. Some of the projects at the forefront of that task are leading the way for the institutional money flow that will benefit the entire space.

Until Grayscale encounters greater competition in this area, perhaps in the form of a bitcoin ETF approval this year, its growth is likely to continue expanding at pace. It offers regulated institutional-grade investment products across a range of individual digital assets, including bitcoin, ethereum, and litecoin, as well as cryptocurrency baskets such as its large-cap fund.

Finxflo is the first hybrid liquidity aggregator, going a step further than Tagomi’s solution. It aggregates cefi and DeFi venues through one regulated platform, one KYC process, and one wallet, without the need to open multiple accounts. Its enterprise-level tools deliver the best of both worlds, providing a liquidity sponge for users to execute trades at the best prices via more than 25 exchanges and liquidity providers with minimal slippage, reduced risk, and zero withdrawal fees. It offers the required institutional protection from front running and optimal price without limitations on liquidity supply.

Finxflo also supplies an institutional-grade insured custodial storage solution in partnership with leading provider Fireblocks, ensuring client funds are held in encrypted, segregated vaults with access to insurance.

Adding further utility, the Finxflo ecosystem is fueled by the native FXF token, a blockchain 3.0 asset allowing users to access all the additional features of Finxflo including staking, governance rights, and reduced trading fees. It also opens up the world of DeFi protocols and cross-chain interoperability across the Ethereum and Tron ecosystems, introducing users to yield farming liquidity provision and arbitrage opportunities.

Tagomi, acquired by Coinbase last year, is a leading crypto prime brokerage platform providing trading, custody, margin, lending, shorting, staking, and financing in one account. Tagomi brings together access to over 14 exchange and liquidity venues, allowing users to combine balances in different accounts frictionlessly while accessing the best price execution, and advanced trading tools for institutional investors to segregate trading strategies.

Tagomi has already become the platform of choice for several well-known hedge funds and family offices, including Paradigm, Pantera, and Bitwise. By bringing in expertise from legacy finance firms like Goldman Sachs, Citadel, and KCG, it’s building out the foundations to onboard the next wave of institutional investors.

Fidelity’s survey of institutional investors highlighted the 80% of respondents who find something appealing about crypto as an asset class, demonstrating the pent up demand potential of the space, provided solutions like Fidelity Digital Assets can deliver the viable product-market fit required.

The Intercontinental Exchange (ICE), which operates the New York Stock Exchange (NYSE), established a new company, Baakt, in partnership with Microsoft, leveraging its cloud solutions to enable consumers to buy, sell, store, and spend cryptocurrencies on a global network. Bakkt delivers a range of digital asset services including a dedicated wallet and application, secure custody, and trade execution. It also offers bitcoin futures and options in a challenge to derivative products from the legacy provider Chicago Mercantile Exchange (CME), though settled in bitcoin rather than cash.

Building on initial success, Bakkt is set to go public via a merger with a special purpose acquisition corporation (SPAC), VPC Impact Acquisition Holdings (VIH). The deal has a value of $2.1 billion and is expected to close in Q2, providing vital investment to capitalize on growing institutional demand in the space. This follows a similar announcement from the cryptocurrency platform Coinbase and provides greater acceptability towards the digital asset market.

Central bank money printing has been in overdrive, especially in the US with M1 supply, which includes bank deposits in checking accounts and physical currency, up a staggering 70% year-on-year.

Understandably, institutional players are increasingly concerned at the prospect of inflation, one of the major factors driving greater interest in 2020 towards a crypto industry that can act as a safeguard against it.

This potential gateway use case opens up institutions to further utility in the space, facilitating significant adoption in this coming cycle. The projects at the forefront of this are building out the infrastructure needed for institutions to fulfill that role.

BtcTurk | PRO users can now seamlessly complete secure and rapid Tether (USDt) token transfers between Liquid-integrated exchanges with full settlement in just two minutes.

Turkey’s largest cryptocurrency exchange, and Tether, the blockchain-enabled platform that powers the largest stablecoin by market capitalization, have made available Tether (USDt) tokens on BtcTurk | PRO. 

BtcTurk | PRO allows users to circulate USDt tokens rapidly across integrated exchanges to take advantage of pricing differences, thereby reducing counterparty risks and improving trading privacy. As a highly innovative sidechain, Liquid provides guarantees on the speed and confidentiality of USDt token transactions to other Liquid-integrated exchanges and wallets.

USDt tokens enable BtcTurk | PRO users to complete transfers between liquid-integrated exchanges in two minutes. Users can take advantage of this extra speed to beat competitors to arbitrage opportunities and to maximise their available capital in trading operations. Also, unlike other public blockchains, transactions on Liquid are private, hiding transaction details such as asset type and amounts from third parties.

In becoming a member of the Liquid Network, BtcTurk has obtained access to a key technology that will enhance interaction with other industry-leading companies in the cryptocurrency ecosystem.

Founded in 2013, Turkey’s largest cryptocurrency trading platform, the CEO of which is Özgür Güneri, serves as BtcTurk, Turkey’s first and the world’s fourth cryptocurrency trading platform. BtcTurk, which acted as intermediary for the first Bitcoin trading transaction with TL on July 1, 2013, has more than 120 employees. Managed by Eliptik Yazılım ve Ticaret A.Ş., BtcTurk provides services to more than 1 million users in 81 provinces of Turkey on 24/7 basis.

Tether is the preeminent stablecoin with the biggest market capitalization, surpassing that of all rival offerings combined. Created in October 2014, Tether has grown to become the most traded cryptocurrency. Tether is disrupting the legacy financial system by offering a more modern approach to money. By introducing fiat currency-digital cash to the bitcoin, Ethereum, EOS, Liquid Network, Omni, Tron and Algorand blockchains, Tether makes a significant contribution to a more connected ecosystem. Tether combines digital currency benefits, such as instant global transactions, with traditional currency benefits, such as price stability. With a commitment to transparency and compliance, Tether is a fast and low-cost way to transact with money.

The Liquid Network is a sidechain-based settlement network for traders and exchanges, enabling faster, more confidential Bitcoin transactions and the issuance of digital assets. The Liquid Network is operated and managed by its federated members, ensuring the system has no single point of failure. Learn how to get access to the future of digital asset finance at liquid.net.

Data analytics has been the basis for the cryptocurrency market for years. In 2018, a study from the University of Bremen in Germany discussed some of the implications of big data for the altcoin industry. They found that predictive analytics algorithms were using social media data to forecast asset prices.

Predictive analytics have become even more influential in the future of altcoins in 2020. Recently, this summer has been dubbed the “season of altcoins.” This wouldn’t have been the case without growing advances in big data and predictive analytics capabilities.

Sales of alternative digital coins were so impressive this past summer that some pundits in the crypto currency market have called it the “Season of Altcoins”. With growth continuing of bitcoin alternatives into the fall, more investors are eager to try their hand at tapping into potentially explosive earnings.

But it’s clear they need help in choosing the best altcoins to buy from the more than 2000 high-risk cryptocurrencies available. Some people might have been overly optimistic about the future of the market. This is where predictive analytics is becoming so important. Data analytics tools have made it easier to identify the long-term viability of altcoins as an investment.

The simple definition of an altcoin is any digital currency that is not Bitcoin. The very first cryptocurrency, Bitcoin dominates the business, holding $195 billion, or 58 percent, of a $336 billion market.

Some industry experts suggest altcoins threaten Bitcoin’s market supremacy. That appears unlikely, however, even with the momentum of the 2020 altcoin season driving continued growth. But it is true that altcoins offer competition in specific areas. Most altcoins are rooted in Bitcoin technology. Developers try to improve on a specific feature or two – transaction speed or distribution method, for example.

Predictive analytics tools have started to tap a number of new sources of information. This market data includes macroeconomic data that is correlated with traditional cryptocurrency markets. They also include regression analyses with real-time data on the altcoin exchanges.

Ethereum, market cap runner-up to Bitcoin, has set its sights on becoming the largest platform for decentralized applications and smart contracts. And, number three Ripple focuses on legacy banks with products offering transaction settlements in as little as four seconds.

Traditional investment firms generally have shunned crypto trading. The best bet for investors looking to get started in the crypto world is to find an established trading platform that can tailor services to specific goals and needs.

Beyond obvious features like transaction security and trading fees, the investor should look for some subtler attributes. Online educational resources can prove invaluable in sharpening crypto trading skills. Also, a trading platform community provides access to the experience, ideas and know-how of fellow investors that form a treasure trove of information for the investor.  

You can use predictive analytics tools that are capable of mining data from these exchanges. This information can help forecast important price movements far more accurately than other sources.

How should one invest in altcoins? Very carefully. Common-sense approaches bolster chances of a successful experience in the altcoin market. For example, start with the top dogs – Ethereum, Litecoin, Ripple, Tron, EOS and Verge. And invest in more than one of them. With time and experience, other altcoins can be considered.

Be aware that hundreds of cryptocurrencies have come and gone over the past decade – some of them in what seemed like a blink of an eye – as they lured investors with the evaporating “promises” of huge ROIs.

It is nevertheless true that many crypto investors have done very well. Some have harvested breathtaking financial rewards with the most modest investments. It’s difficult to say how much smart thinking, good timing and even dumb luck played a role in such success.

Ever since Bitcoin’s scaling woes first became apparent, the blockchain industry has been set to the task of building a more efficient system that can achieve the level of scaling necessary to compete with legacy payment systems, like Visa.  Currently handling an average of 20,000 simultaneous transactions per second (tps), the Visa payment system is widely considered to be the benchmark a blockchain-based cryptocurrency needs to exceed to be capable of truly massive scaling and global adoption. But until recently, even the most advanced platforms still fell short of his mark. With the introduction of Velas, the world’s first autonomously evolving blockchain, the industry now has a platform that can truly compete with Visa. But before we learn how it works, let’s take a look at the scaling problem at it stands. Right now, the vast majority of blockchain platforms are only capable of processing somewhere in the order of 5 to 120 tps. This ranges from as little as 6-8 tps for Bitcoin, 10-14 tps for Ethereum, and around 100-116 tps for Bitcoin Cash. Other, newer platforms like Tron and EOS have a maximum throughput of around 2,000 tps and 4,000 tps respectively, making them far faster than first-generation blockchains like Bitcoin, but still massively lower than the 20,000 tps needed to compete with Visa. Ethereum has seen its tps gradually improve in recent years — albeit very slowly (Image: Blockchair) In order to be truly capable of processing transactions on the scale of the Visa, a blockchain needs to be capable of not only handling at least 20,000 simultaneous transactions, but it also needs to achieve transaction finality within seconds — all while retaining the same security and decentralization users expect from blockchain-based platforms. Though a wide variety of second-layer scaling solutions have been proposed, such as Bitcoin Lightning Network, Ethereum’s Raiden Network, and various sidechain solutions — like Blockstream’s liquid sidechain and Ethereum Plasma child chains, none have yet been able to demonstrate the right mix of scalability, security, and decentralization. As a result, development for these options has either stalled or uptake among the community has been slow — while some have even argued that blockchain technology simply cannot scale, and that an alternative decentralized technology like a , may represent a better path ahead. One of the major reasons most popular blockchains still haven’t significantly improved their scaling despite being operational for years comes down to the pace of innovation and upgrades they see — which is incredibly slow for most platforms. For example, in order for new upgrades to be applied to the Bitcoin network, a majority of Bitcoin miners need to approve the changes as they are laid out in a Bitcoin Improvement Proposal (BIP). This process can take months or even years, while truly drastic updates — like the type needed to achieve mass scaling — can lead to a schism in the community resulting in a chain split when a significant group of miners reject the proposal. To overcome this issue, — an ultra-high throughput blockchain — utilizes an industry-first self-learning and self-optimization approach, allowing it to constantly improve over time, without requiring any contentious major upgrades that could split the community. To achieve this, Velas uses artificial intelligence to constantly enhance its unique consensus algorithm (known as Artificial Intuition Delegated Proof of Stake) and uses neural networks to calculate the optimal rewards for node operators and block discovery time to maximize throughput while maintaining security against attacks. This system enables Velas to achieve and sustain an industry-leading 30,000 tps — eclipsing the throughput offered by both all major cryptocurrencies and Visa. Since Velas is capable of supporting smart contracts and decentralized applications (DApps), it is uniquely positioned as an alternative to Ethereum — the blockchain which currently hosts the great majority of DApps. Capable of maintaining more than 2,000x more concurrent transactions than Ethereum, developers will be able to build massively scalable DApps that appeal to both regular and institutional users using Velas. As a result, Velas provides an incredibly flexible solution for developers looking to build smart contracts and DApps with the capacity to support potentially millions of users without. For the first time, this could mean firms that were once skeptical of the utility and benefits of blockchain technology, might now be inclined to launch their products and services on the blockchain, potentially heralding the next wave of adoption for the industry.

Online gaming is a booming industry. Millions of gamers worldwide battle it out in virtual worlds - from Fortnite to Minecraft and Counter-Strike to League of Legends - to win tournaments, level up their avatars, or beat the high score. But what has been missing in online gaming is a universal in-game currency that can be spent across games as well as outside of the gaming ecosystem. That’s where global stablecoins come into play.

From the early days of simple online games when the Internet became readily available in the 1990s to today’s arenas filled with professional eSports athletes competing in high stakes tournaments, online gaming has come a long way. 

Blockchain games only make up a tiny piece of the overall online gaming pie today. However, it is a gaming segment that is poised to grow in the coming years. 

Online gaming is one of the most touted blockchain use cases. The ability for players to wholly own in-game items -  thanks to the creation of non-fungible tokens (NFTs) - is an innovation that did not exist previously. Moreover, the blockchain brings an unprecedented level of transparency and decentralization to the online gaming sphere, to the benefit of the gamer. 

As a result, gaming DApps are among the most popular decentralization applications in the market today. 

According to the DApp Review Q1/2020 report, out of the 641 active DApps on the Ethereum blockchain, 180 (~28%) are decentralized gaming apps. What’s more, blockchain games are the largest category of active DApps on the Ethereum network. 

On the EOS and Tron blockchains, blockchain games amount to 17% and 14% of active DApps, respectively, which is a testament to the growing demand for decentralized gaming experiences.  

According to a report by Dapp.com, the number of blockchain gamers has almost tripled from 2018 to 2019, increasing from 166,370 to 436,700 globally. The reason for the jump in demand can be attributed to: 

As discussed earlier, the online gaming sector has been growing at a staggering rate, with almost a third of the global population playing digital games on a regular basis. Of course, this also spills over to blockchain gaming. Gamers are often at the forefront of technological innovation, and with blockchain games being an innovation in the gaming industry, many gamers are curious about what these new types of gaming experiences have to offer. 

The ability to have cryptographically verifiable ownership of in-game items is arguably one of the biggest drivers for gaming DApp adoption. Traditionally, the in-game economy surrounding skins has been opaque and little has been known about the supply of specific in-game items. Moreover, legacy games are centralized and do not provide players with actual ownership of in-game assets. Blockchain technology and non-fungible tokens have changed the game in this respect. 

The increased transparency of blockchain games is another contributor to the growth of this gaming sub-sector. The transfer of in-game items, as well as payments, can be transparently viewed on a public ledger, providing unprecedented transparency in gaming.

Finally, the ability to earn decentralized payouts is another factor that has driven gamers towards blockchain games. Crypto collectible games, where players can buy and sell virtual times, enable gamers to potentially earn an income from their gaming activities. Naturally, this is a highly appealing feature in today’s gaming world. 

To dive deeper into the disruptive nature of blockchain technology in gaming, let’s look at the most notable blockchain game in the market. 

Arguably, the first blockchain game to go mainstream was the crypto collectible game, CryptoKitties. 

Launched by Dapper Labs in late 2017, CryptoKitties enables players to buy, trade, collect, and breed virtual kittens on the blockchain. 

For example, a player can buy two CryptoKitties for a small amount of ether (ETH) on the game’s marketplace and then breed an entirely new, cryptographically unique virtual kitten using the two acquired kittens. The newly-bred CryptoKittie can then be traded or sold, provided it has enough unique features that are attractive to other collectors. 

CryptoKitties did not only birth the now popular crypto collectibles market, but it also put non-fungible tokens (NFTs) on the map. 

Non-fungible tokens (NFTs) are blockchain-based digital tokens that represent a unique item or asset. Most NFTs “live” on the Ethereum blockchain and have been created using the ERC-721 token standard. 

A non-fungible token can represent a movie ticket, a tokenized piece of physical art, a digital certificate, and, of course, a unique in-game item or asset. For die-hard gamers who are spending hours leveling up their avatar with new skins, complete verified ownership of their unique in-game items is a game-changer. 

According to a report by NonFungible.com, crypto collectible games make up the vast majority of NFT tokens in existence. Interestingly, most players prefer to hold onto their crypto collectibles once they have acquired them - almost 90% have not changed ownership in the past twelve months. 

The total market value of all NFT tokens stood at $210 million at the end of 2019 and is expected to grow to $315 million by the year-end of 2020. 

ETH was Cryptokitties’ only means of payment when the game launched in November 2017.  While this made sense as the game operates on the Ethereum network and requires “gas” fees to transfer kittens from user to user, the digital currency’s extreme price volatility became a challenge for collectors as the values of their virtual kittens were correlated with the price of ETH. 

As more and more crypto collectible games adopt digital dollar stablecoins, such as USDC, we can expect more gamers to join this exciting new type of gaming experience because people generally know and trust the dollar, and prefer it to a volatile cryptocurrency whose price movements are unpredictable.

The blockchain’s features of decentralization, individual asset ownership, unique digital items, and transparency are disrupting the gaming industry and changing the way players interact with in-game ecosystems. What has been missing, however, is a trusted, in-game currency that can be used cross-platform as well as outside of a game’s infrastructure, in digital dollars. 

That is where digital dollar stablecoins can come into play. 

Online gaming can benefit from stablecoins in four significant ways: 

In-game currency is typically not worth anything outside the game in which it serves its purpose. Each gamer has to manage multiple different in-game tokens in the various games they play. Next to none of them, however, can be used to make real-world purchases as there are no native ways to monetize in game currency. While some players may sell in-game currency or items on platforms such as eBay, there is no simple and easy way for gamers to monetize their virtual cash. Stablecoin integration would alleviate this issue and enable seamless monetization of in-game currency. 

Building in-game payment infrastructures that allow players to buy, sell, and trade virtual items and to enable game developers to make mass, programmed payments is complex and takes time. Using blockchain-powered stablecoins, in-game payment infrastructures can be built within a fraction of the time and at a much lower cost as the technology stack already exists. 

Through the integration of stablecoins as in-game currency, gamers can easily spend their acquired in-game currency outside of the game. For dedicated gamers, this would enable them to monetize their gaming activities, which, in turn, would enable them to spend more time gaming. 

For game producers, blockchain technology and stablecoins enhance existing revenue models. In an industry that is denominated by large game developers and publishers, improving revenue opportunities are a welcome sight for starting and smaller companies that are looking to compete with triple-A game producers. 

Example of enhanced revenue opportunities include:

In the last five years, several “gaming coins” emerged to address the challenges of the legacy in-game token ecosystem. However, none of them have succeeded, which can be attributed to slow adoption, high price volatility, and a lack of interoperability. 

Digital dollar stablecoin - like USDC - are better equipped to meet the needs of game developers, from global game manufacturers and to blockchain gaming ventures. 

The combination of decentralization, transparency, price stability, and the global recognition of the US dollar as a currency, makes stablecoins ideally positioned to become the go-to in-game currencies in the future of online gaming.  

USD Coin (USDC) is a fully reserved digital dollar stablecoin that is issued by regulated financial institutions and redeemable 1:1 for US dollars. 

The market-leading stablecoin was launched in September 2018 to provide a trustworthy and transparent global stablecoin that enables anyone in the world to store, send, and receive digital dollars via on-chain payments.  

USDC’s key features as in-game currency and a payment rail include: 

USDC is a powerful payments solution for game developers who want to integrate in-game payment rails to enable players to buy and sell in-game items. 

USDC is a price-stable and transparent digital dollar stablecoins that is fully backed by reserved assets held in by regulated financial institutions that are attested by leading accounting firm, Grant Thornton LLP monthly. 

Additionally, USDC currently supports the Ethereum blockchain, which is the leading network for blockchain gaming. Finally, in combination with Circle’s suite of platform services, game developers can leverage USDC to seamlessly integrate stablecoin payments infrastructure into their games’ ecosystems to enable a broad range of programmatic payments, payouts, and wallet balances for gamers. 

When you look at this whole scenario, you have, on one hand, the whole FinTech market, which has been there for a very long time. It is the cornerstone for years right now, everything in the world functions because of the FinTech system. On the other hand, there’s a new kid on the block. It’s blockchain technology. Blockchain technology can help the Fintech market in a great way to expand to what it needs for the growth and to meet its goals. But at the same time, challenges of blockchain tech can also threaten the very existence of the FinTech market. FinTech is very closely tied with regulations and controlling, whereas blockchain is the very opposite of that.  The bigger question is, how do you navigate through the difficulties of these challenges and end up to a point where the blockchain tech is helping the FinTech market, striking a balance through which it enables FinTech to function more efficiently than what it currently does. We will navigate through those challenges and look at the issues that we face, how to go about them and some potential solutions that we can use in the process. So blockchain tech has a lot of applications but comes with a lot of unavoidable challenges, which is similar to any part of your life really, in life and business. Big opportunities come with big risks or big opportunities come with big challenges. It is inevitable. That’s how life and business works. So is blockchain tech, maybe just a little more than the usual. The value of blockchain in FinTech can never be underestimated. I look at the existing FinTech as more like the old postal system, or the telegram, not the new Telegram app, but the actual old telegram where you send messages in a very slow and tedious process. Blockchain Tech is the modern emails and phones and all the chat applications that we right now have. It is that different, it’s like two different centuries or it’s wide apart. And now it’s time for us to replace or upgrade the existing FinTech system with the blockchain and decentralized revolution that we have right now.  If you look at the existing banks and FinTech systems that we have right now, there are massive delays with fund transfers and a lot of paperwork, a lot of manual interventions. It’s expensive as well, obviously, not when you look at the gas price of Ethereum during the demand times, but normally, it is expensive.  The overall expense is not just the fees that you get charged on a transaction, but the fees on the economy, the number of people working (like huge numbers) around the globe to get this whole financial system to work. And it’s not like the moment everyone takes a holiday, the financial system continues to work. It doesn’t. We need the system to be like a blockchain, not dependent on people for the most part.  Obviously, blockchain has automation and interventions, but then, it is far more efficient compared to the existing FinTech products. And we also have regulations, as they are essential, no doubt. Without regulations, a lot of unhealthy things would happen. But at the same time, it cannot be a hindrance. So it’s like, you have some kind of a filtering system in place.  But then, the filtering system also adds like days and weeks and months of delay to something that’s passing by it. That’s a problem. So we need the system in place, which is efficient, fast, regulates, but without causing massive strides of delays and holdups. Because at the end of the day, if you look at what we have right now, people’s money is theirs. Regulation is there to help curtail the negative side of the things in the environment and ecosystem, but there needs to be a balance. And that balance is right now very possible with the blockchain system than ever before. So the obvious things, let’s get that out of the way. We don’t need intermediaries. If we are using blockchain, we can reduce the financial back office and also increase the transparency between the parties if you’re using transparent blockchains, not the ones with privacy protection. And we have real-time tracking, which is the best right now.  If you’re looking for blockchain to be mainstream, there are multiple bottlenecks that need to be addressed, until those bottlenecks are resolved or minimized. You will have challenges with getting it working on a larger scale or in a usable scale, even in a smaller enterprise. So, there are different ways you can work with blockchain in the FinTech.  One is that you can go with a new solution, creating your own blockchain. Or you can use an existing one for good and customize your needs and function from there. So, whatever your choices are, these bottlenecks would be pretty much in common for you, you have to make sure you are efficiently navigating them on an everyday basis.  So the first one is an organizational challenge. It is the challenge as an organization, being able to have admins who have the technology and widespread understanding of it. So if you look at governments or very large organizations, or even small businesses, they don’t get what the technology is. In fact, when I communicate with a lot of people, I see that the moment I mentioned blockchain or crypto, a lot of traditional old school people think it’s illegal, it’s wrong, it’s bad, and that they should stay away. And they believe that’s being a good citizen. That is the kind of news that has been painted over years of news. And right now things are changing, things are becoming better, people are starting to see what it truly is. But then, when you look at news spreading from point A to point C, probably the point C, the endpoint, the last of the citizens might even receive it 10 years later, a lot of people are not online reading this tech news every day, that’s not part of their job. And they might not even need the internet, a lot of people still live and function that way.  Blockchain’s going to take a long time before everyone understands it. But at least from the organization standpoint, people in the organization, people who are functioning and dealing with decision-making, they should have that level of understanding of, not only the technology, but also the business application, and how it can be used. If you look at the current blockchain crypto space, at least until a year or two before, it was completely dominated by geeks, that technique, technical guys, the actual coders, and they were not making it easy to understand for the general audience on how it works. Even right now, it pretty much still is. That’s not easy for people in the world of business to operate, function, dive in, understand what blockchainis and go with it. So, a lot of companies right now who are trying to adopt blockchain technology as an organization, they hire third-party developers, third party consultants, a lot of third parties, because they don’t have that resource in house. But that leaves them open to security challenges and privacy issues.  Right now, they are almost giving primary keys to the organization to the third parties, which is a challenge. And it’s a risk that every organization has, which is one of the reasons why a lot of organizations right now remain in the R & D stage. Blockchain technology is evolving so fast that when we say blockchain and crypto are here to stay, it’s more complicated than it seems. It’s like blockchain and cryptocurrency as the words are here to stay. But the technology that is here right now, maybe three years down the line, could be drastically different with not even a percentage of whatever remains now remaining there. It could be so radically different. And so, as the technology is shifting, so fast, so wide, you cannot say that it’s the same thing that you have now that you’d have later.  It’s like the human body, you are the same person now and after 50 years as well. But then every few years, your body is new in entirety. The cells are completely replaced, everything is different. And that’s exactly what’s happening here. So businesses are trying to keep up with it. But it’s changing very rapidly. It will be so different in the future than what it is right now. I believe organizations should be ready to invest the time and energy knowing the risk that what they learned right now might not be useful tomorrow. It gives them the edge by staying out there, dipping their feet in something that could be the future.  This is a challenge from the organizational side. The cost of initiating a blockchain project, implementing and maintaining it. So if you look at everything in the world of blockchain right now, it is expensive. It runs on premium – people resources, anything and everything called crypto and blockchain.  So, the initial cost of implementing is pretty high, the management cost is high, the cost of transactions is high, the cost of maintaining the updating the security, keeping up with the trend, all of that is hard. Things can get obsolete so fast. That actually decreases the return on investment for the business.  When we say that blockchain reduces the cost of something because it decentralizes things, it also actually increases the cost right now. I’m not saying that’s the case in the future, but right now, it does increase the cost so much that it actually reduces the return as well. As the adoption is there, the cost will fall over time. It’s a chicken and egg story. Do you do need adoption first or reduction of costs first? First, you need to have a better cost for adoption to happen. But then the adoption will happen when there is a better cost. So right now, it’s like a push and pull between these two elements. That push and pull friction is creating the progress right now, which is good, which is definitely a good thing, but just that it is slower related to what it could actually be.  When I say slower, it’s a very relative Blockchain is growing very fast, but compared to what it could if the rest of the world chips and puts in their time and effort into it as well. Right now, the existing regulations are confusing. Regulators don’t understand how the blockchain will fit within their worldview. They are unsure how they can make things work, they are unsure how the existing regulations can be adjusted to fit this new evolving world of decentralized systems.  This is a significant hurdle that we face. It makes them insecure because the regulator’s feel that the system can override all the controls that they put in for hundreds and hundreds of years, and it can derail all the efforts that they have taken in the past. But it can also produce a whole new model of functioning. So it’s like you can’t really fit decentralization into centralization. Centralization regulators are trying to fit that decentralization inside, which is where things break down, things don’t work.  So with the regulation, yes, it is a challenge fitting a rectangle into a smaller circle, it doesn’t work. It’s going to take more time for new regulations to adopt new perspectives completely and to build processes ground up specifically for blockchain-based operations, or even better, for the decentralized world as it evolves. And when that happens, we will start seeing standardization. Right now, things do not work in a very standardized manner. If you look at the number of projects, technology, methods, everything, they are all standalone, they’re different. You don’t have that collaboration between blockchain platforms, coding languages, consensus mechanisms, privacy methods, or even security policies. Their differences are so wide — you can see the disarray of the whole system without coordination Lack of standardization takes away the consistency from a lot of things. If you look at things like security, businesses and organizations, you’d expect consistency there. And that makes mass adoption, both to the end-user perspective and for a business user, difficult and almost impossible. But innovation comes from confusion, right? Chaos creates solutions.  So it’s inevitable, it is the phase that we are in and this phase is essential for the progress to happen. It will settle down and organize itself in the future but it does pose challenges in the growth of the specific industry nevertheless. As it evolves, we will learn to connect, stabilize, standardize, and at that point in time, the limitations will start to come down. We might not have as many innovations as what we have right now then, but it’s how an industry matures.  The innovations will be limited but that stabilization is a mature phase of any industry and that will happen. And that will increase adoption on a very wide scale. The next part is the scalability. So scalability is something that goes well with adoption as well, scalability or network can put a strain on the adoption. If something cannot scale, you cannot increase adoption. If you cannot increase adoption, you cannot scale it.Both challenges/goals of the blockchain form a cycle.  So you can say that the decentralization, scalability, and adoption functions are three interdependent elements. They are tied to one another. If you have less scalability, you have lower adoption. If you have lower adoption, you have less decentralization, if you have less decentralization, you have lower adoption. And you can work on a reverse version of the same cycle as well.  So it’s a pretty intertwined, interdependent process. Right now, the most important thing for us to understand is that we are faced with challenges which depend on one another. Scalability has to be created and it is being created by a lot of projects. But they were created by either sacrificing the security aspect or the decentralization aspect. What we need is doing that without sacrificing something, or anything.  Challenges remain and will remain for a few years to come. But as adoption goes up, scalability comes down as the network becomes bigger. The scalability has to grow as well to sustain it. So that balance has to be brought in.  Now, let’s jump in on the security aspects with enterprises. Enterprises have a great responsibility because individual users, small businesses, big businesses, everyone depend on these enterprises, for a lot of things, their tools, their data, their functions, and services, and so on.  They have a responsibility to customers, they also have a responsibility to the law, a lot of reporting. A big company going down takes a toll on the economy as well. So with that in mind, they cannot just jump in if the security aspect is not fully tapped. They understand the trend. They’re doing research and development, but fail to tell the jury in a court of law why something works in a particular way and why something went wrong because they offered something too quick, which is not stable.  So progress will happen. The implementation might follow in a little slower approach. Governments and enterprises are doing the R & D right now. This will change with time as the technology progresses. But security is a prime aspect without which large organizations might have the challenge to start using it in practical utility.  We can see even elections happening in the blockchain. A lot of enterprises are starting to create larger use cases and stronger security to make it happen, but the question that remains is, what’s going to be the compromise? Can there be a solution without compromises?  How do we integrate the blockchain-based system with the legacy, the old school systems that Governments and Enterprises have? And how can it be bridged, if not integrated? Or does it need a complete restructuring of the previous system?  Blockchain is not a technology, it’s a new philosophy. It is about how you think. It’s decentralization. It’s also about how you feel being a part of this new system. It’s all about who owns the responsibility. Blockchain is fundamentally changing everything we know and believe in the world right now. That new perspective comes with a cost. It’s like, when you move from physical papers to virtualization of computers, you redo everything. And this is exactly the same thing. You redo things from the ground up, integrations will work, but it’s going to be temporary us sooner or later, you have to change it. And yes, you need integrations between the things which are decentralized, which are not decentralized, there will be a lot of things where decentralization and blockchain are not needed at all. So how to make them work together in the long run, efficiently without mishaps?  There are a lot of places where the blockchain will replace the old and existing systems in full. The old ways of doing business will die, it’s a matter of time. People can step up, take the opportunity, take the effort to lead the change. Or they can follow the change later, or the business might die with the change.  If you look at the new startups, they are coming in and they’re taking the similar position that traditional companies had in the same industry. They are starting to be the leaders of this economy in a decentralized world. So the old economy, the old businesses, have a legacy audience. But if the legacy audience is moving to the new economy, doing the business with these new startups who are providing them decentralized solutions, then the old school enterprises are bound to die. Traditional businesses might try to compete and come back to a decentralized model later, but that might be too late. It’s like history all over again. You are bartering, then you’re using metals, like gold, silver, and you went to promissory credit notes, which turned into cash. And later that cash turned into banking systems and digital cash. And right now we have crypto, so one replaces another and that’s growth. That’s how it works. Mutation vs Evolution.  Integration is more like scanning the papers and calling it digital. But then, it’s not truly digital. It’s like a band-aid. It’s temporary, and digitalization is the future.  The next challenge is the lack of skilled developers. Blockchain space has amazing developers, but then quantum is very less, and they are busy with their own projects.  With more organizations wanting developers, they have to hire new people. Those developers are just learning it. They are not experienced as much. They are learning as beginners, they tend to make a lot of the same mistakes. There are not a lot of scalable developer resources available currently.  A lot of developers call themselves blockchain developers right now. But then, they are just changing the title in LinkedIn, they are changing the title in the freelancing sites, but they don’t really know what it is. They do not function at the best levels of efficiency, working on a project real-time to understand the technology, mindset and the philosophy in full. It takes time for the new developers to gain experience by learning, practicing, and working on other projects. It’s a matter of time. But it’s happening pretty fast.  Right now, there is an acute shortage of adequately trained professionals. A lot of people with a name exist, but not real professionals who can get you the job. And they need to understand the complexity of p2p networks, the challenges, not just the way to code something, but to think about the reason behind the structure.  If you look at the blockchain world, the whole industry is by the developers, for the developers. But then those developers were visionaries, they thought through, they were not just coding things. They thought of solutions to the problem as the first step. Then, they go ahead and code what was envisioned.  We need more of those developers and more skilled people. We have these energy-hungry consensus mechanisms – proof of work. Most projects are either a clone of, Ethereum, or Bitcoin and they’re all proof of work-based. The computing power that’s needed to function and to verify transactions becomes a hurdle.  We have a lot of alternates coming up, but then, they are not yet stabilized and tested in full. Ethereum’s proof of stake is a major hope when it comes up. Or newer models from other blockchains as they arise. They can enable larger-scale deployments, and if it is tested and functioning, that will really help with what’s upcoming.  A lot of projects are coming up with new consensus mechanisms in their own way. But that does not necessarily mean that that is perfect by any means, or usable in large scale. Most are specific to certain use cases.  If you’re looking at higher transaction costs, that’s a challenge to address which the above helps with. We know that many blockchains are solving it, some have already solved a good portion of it. But there are compromises to it. Transaction cost is pretty important in expansion, adoption and growth. The traditional payment system is actually lower in per-transaction cost currently compared to top blockchains. We do see it already changing, and in a year or so, we should have a wider adopted solution to the same.  It’s not just what the cost is right now, but the cost over a period of time. Ethereum can increase in its cost drastically during surge transactions. As we’ve witnessed recently in the DeFi trend. We need that lower transaction cost capability through an extended period of time to bring in consistency.  If you look at USDT and Ethereum, they can function in blockchains like Tron, OMG, etc. That is good progress. It has not been widely implemented yet. Binance does implement the withdrawal mechanism in multiple such blockchains as a forerunner.   Blockchain has to be more widespread, more functional, usable between people on a B2B basis and with different apps and so on. That will make things better and easier.  If you look at the mindmap we have here, we have adoption, scalability, and decentralization depending on each other. Decentralization, the more it happens, it increases security. The security will make regulation happen positively. Regulation helps adoption. Adoption adds pressure on regulators for better regulation, and faster.  Regulation helps with standardization of things. At the same time, it also helps organizations by either increasing or decreasing, delaying or speeding up their options or challenges there. Organizations adopting it, increases standardization, also increasing the integration potential. Standardization also makes things easier for the integration at that point in time.  All these also help with the reduction of the cost of implementation and maintenance. If you look at the chart, everything is so interdependent on one another. The transaction costs, the skilled developers, and so on are intertwined. It’s a chart which you need to spend more time studying to know what’s happening there. I have added as many details as I can towards it.  This is to make things simpler, not to complicate. There are things happening everywhere. There are challenges everywhere, everything affects everything else. And it is a moving cloud of things, moving cloud of happenings, and moving cloud of challenges. So the way to navigate this is not trying to solve everything at once. There are different people solving different parts of the puzzle, at their speed, at their efficiency in their own way. It is again, not a centralized approach, but a decentralized approach of everyone working together to solve it, the end of the day.  If you’re looking at it from the perspective of a financial services business, the major adoption of blockchain technology should be questioned with customer retention in mind. What do my customers want? What is their primary goal? What is their problem that I’m solving?  If you start thinking from customer retention, customer standpoint, understanding their needs, challenges, their futuristic demands, what makes their life easier with blockchain, etc., the answers will guide you. The answers you get is where you need to start with first, then do your pros and cons analysis, risk-reward ratio, and more. Obviously, the risk-reward ratio might not always balance

Home » Crypto » Has the Present Generation done Justice in Presenting a great Crypto Legacy for the Next Generation?- The works of BTC, LTC, ETH, XLM, XDC, and TCAT‘I’m building my crypto portfolio for my Grandchildren’ are the words of a man who is actively preparing a legacy for the next generation. CryptoMentor99, as he is popularly known, is one of the few cryptocurrency enthusiasts of his age that we have in the ecosystem today. He goes on road trips to enlighten others and help them see the miracle in cryptocurrency. His passion for cryptocurrency has made him make the wisest decision anyone could think of- Prepare a legacy for the next generation.The past generation had done well for us- they gave a foundation on which we build today- the internet. Through our unstopping researches, we have discovered the blockchain technology. But can we say we have a true legacy for the next generation? Sure we do:We have done well to prepare for them a foundation to solve past remittance challenges. We will be bold to give them solutions like Bitcoin, Ethereum, Litecoin, and other proof of work model coins. Thus, helping them to actively solve the unsolvable challenges of security like the Byzantine Generals challenge. We have Eos, Tron, and Stellar Lumens (XLM) to solve scalability issues.We have competition on the blockchain too. This will help the coming generation to understand the value of reaching for the best they can be. The rival between Ethereum and Tron is in records already to teach the next generation.Solutions like Safe Haven is already helping through its inheritance platform to make sure great crypto legacies are passed on to the next generation just like CryptoMentor is doing. With this, the next generation can have a solid foundation of a great pool of funds to help build their dream.XinFin is also helping in the areas of trade and finance legacy. With its latest partnership with Aix to facilitate Bondsai the first Artificial Intelligent Bond Broker. This is a legacy which will surely be a great addition for the next generation. Innovations that are new or the world’s first today are a great foundation for the coming generations to build on.It has been discovered that knowledge multiplies as it is passed on. We received the internet and computer, but have multiplied it to produce great results like the blockchains. Our discoveries today will surely be as nothing in the face of great expeditions for the next generation. This principle of multiplication is not just limited to the positive things we have achieved. We can be sure that failures and pitfalls will also be replicated exponentially. If this is so, then the world should be ready for new heights of scams on the blockchain. Failures like fake news will surely be on the high and common in those days. This can be heartbreaking to think about. The only remedy is to begin to make correction to our failures as from now.We can always rest on the solutions that The Currency Analytics is giving to help prepare a great legacy. The fight against fake news through the REAL protocol and TCAT will be productive if everyone will promote it. If we will not cause an unsurmountable challenge through the bad legacies we have laid down, we need a legacy like the REAL protocol. The REAL protocol will ensure:Can this generation like Cryptomentor99 boldly say in all sense of positivity that we are building the crypto ecosystem for the next generation? I am Ayobami Abiola from Nigeria. I am a Cryptocurrency enthusiast who like to write about creative and great innovations- The wonders of the blockchain technology.Your email address will not be published. Required fields are marked *

Warren Buffett Declares He Will Never Own Cryptocurrency With one of the most reliable news teams in the industry, Bitcoinist provides up-to-date news and insightful analysis. For more follow the link below.In an interview just released on CNBC, billionaire financier Warren Buffett reiterated his long-held position that cryptocurrency has no intrinsic value, and made clear that he would never own any. Buffett insisted that Bitcoin serves no real purpose, which is why it has not achieved mainstream use.WARREN BUFFETT STATES CRYPTOCURRENCY DOES NOTHINGThe discussion centered on Buffetts recent dinner with Justin Sun, who paid over USD $4 million for a dinner with Warren Buffett as part of a charity auction. Buffett noted that Sun and his other guests behaved very well, and the conversation was respectful. Nevertheless, Buffett insisted that the Tron founder failed to change his mind in any way on this subject.The interview has been tweeted by CNBC:I dont own any cryptocurrency. I never will, Warren Buffett tells @BeckyQuick. #AskWarren https://t.co/0VjIDJSi7L pic.twitter.com/il4cT2hWkP CNBC (@CNBC) February 24, 2020It is worth noting that during the interview Warren Buffett makes a number of references demonstrating that he understands blockchain technology. He clearly understands the idea behind the digital ledger, as well as the fixed supply of Bitcoins. Also, when pressed on the idea that Sun gave Buffet some Bitcoin at the dinner, Buffet became visibly uncomfortable, and reiterated that he did not own any.BLOCKCHAIN ASSETS REMAIN OUTSIDE LEGACY FINANCEBuffets view on cryptocurrencies has remained consistent, and is unlikely to change. His stance is likely due to the fact that blockchain assets do not fall within the realm of traditional finance. In other words, they are too risky, and too disruptive, to be considered worthy investments.As perhaps the most successful investor of the modern age, Buffetts genius is without dispute. Nevertheless, his remarkable success has come from following a very short list of very conservative, simple strategies. He has long avoided new asset classes or highly speculative investment schemes. The fact that Warren Buffett has zero interest in crypto is thus not surprising.Crypto advocates may deride the argument that Bitcoin has no intrinsic value, yet Buffetts statement also points to the unresolved, and highly controversial, question of Bitcoins long-term status as the top platform. Whereas there is no doubt that that blockchain assets are here to stay, Bitcoin may very well fall out of first place. Buffett clearly understands this fact and has no intention of entering the debate.Warren Buffett is one of many financial experts from the legacy space that have decided to avoid cryptocurrency. His decision to do so will not stop blockchain development or cryptocurrency investment. Also, his assertion that cryptocurrencies are extremely risky holds true. Thus, perhaps the best move for crypto advocates is to stop trying to change his mind.What do you make of Warren Buffetts latest comments on crypto? Add your thoughts below!Images via Shutterstock, Twitter @CNBCTo read more from Bitcoinist follow this link.

Bitcoin has been the top dog in the cryptocurrency market for years, and will likely continue to be the top dog in the future, but that does not mean the altcoins won’t end up in a tussle. Just this past month, there has been a major change in the pecking order, with XRP, the long-hailed banking-centric digital currency, losing its third spot on the coin rankings to the world’s largest stablecoin, Tether.

Other altcoins like Tron and Dogecoin have seen similar gaps being filled, more so in their own charts, and not on the coin ladder, however.

XRP 

The now fourth-largest cryptocurrency in the market has been widening its own trading upward channel, with bullish movement cooling off over the past few days. XRP, since reaching a high of $0.22, on 29 April has been sloping downwards, opening up the channel to a possible fallout.

Back in March, when the altcoin dropped to as low as $0.13, XRP was on a knife’s edge having just begun a resurgence following a dismal 2019. The altcoin’s price did recover, breaking three key resistance levels at $0.18, $0.19, and $0.21.

However, with the reversal, the trading time price of $0.19 was kissing the bottom of the channel, verging on a break below. The Bollinger Bands for the altcoin were closing in, indicating decreasing volatility, while the average line was above the coin’s price.

XRP’s trading volume vis-a-vis Tether is a growing concern for the Ripple-spearheaded cryptocurrency. Tether, currently, has the highest 24-hour trading volume of all cryptos [including Bitcoin], amassing $31 million today, compared to XRP’s 24-hour volume of $1.5 billion. Given that USDT being used as a base stablecoin trading pair, and the current situation limiting banking finance, Tether has a leg up on XRP.

Tron [TRX]

The long-hailed competitor to Ethereum in the Decentralised Applications [DApps] field, Tron has now slipped to the 17th spot on the coin ladder, amassing a market capitalization of less than $1 billion. With TRX trading at $0.014, a drop in price could mean an exit from its two-month-old upward channel.

Since bottoming out from the support of $0.008, the altcoin has managed to double its price, breaking the resistance at $0.012 and reaching a high of $0.016. However, since then, TRX has shaved 12.5 percent off its price. The MACD for the altcoin was pointing to a bearish spree as the MACD line had overtaken the Signal line and was heading for 0.

Justin Sun, Tron’s CEO and its most ardent supporter, pleased the Bitcoin crowd recently by tweeting out “Craig Wright is a fraud.” Craig Wright, as one would remember, proclaimed himself to be the creator of Bitcoin, Satoshi Nakamoto, despite the fact that evidence suggests otherwise.

Dogecoin [DOGE]

Despite Elon Musk preaching Bitcoin to J.K Rowling, we all know, in our heart and soul, he has eyes only for one cryptocurrency – Dogecoin. The 31st ranked crypto in the market has been trading, in the past few weeks at least, stronger than the aforementioned alts, surging higher than its 12 March levels.

From late-March to early-May, DOGE saw a price incline of over 80 percent, breaking levels at $0.0014 and $0.0019, before finally trading sideways between the range of $0.0023 to $0.0027, well within its upward channel. Customer confidence, however, is dropping, as the RSI for the altcoin had dropped from a high of close to 70 in late-April to 49.35, at press time.

Dogecoin might be far-off from the top-10 coins, but its legacy as a meme-crypto and Elon Musk’s favorite allow it to ride into trading platforms. For instance Robinhood, the crypto-trading app which just received $280 million in a Series F funding, listed Dogecoin with other top cryptos like Bitcoin, Ethereum, Bitcoin Cash, Litecoin and Ethereum Classic.

Ripple’s Garlinghouse decries regulatory complacency

Bitcoin’s falling community sentiment a buying opportunity?

Aakash is a full-time cryptocurrency journalist at AMBCrypto covering primarily the US market. A graduate in Finance and Economics, his writing is centered around regulation and institutional investment within the cryptocurrency space. He is also an aspiring triathlete.

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World of Ether is back with their new announcement. They’re giving $11,000 in ETH to the first player to discover the Life Legendary monster.This is on top of the existing $6,000 on the Sun Legendary monster, and the thousands of dollars of rewards that were already paid to players.With ‘crypto winter’ in full swing, a stunt like this is a breath of fresh warm air. Many projects are going bust, not giving their users what was promised, and not delivering. World of Ether has done what other projects have not done- delivered.The developers delivered a game with a custom soundtrack, non-autogenerated artwork, and fine tuned game mechanics. Playing suggests a positive future for what these crypto based games may eventually do.World of Ether is one of many games to utilize the Ethereum blockchain. Ethereum games have now become numerous as demonstrated with over 40 right there, but World of Ether is one of the few to utilize the decentralization aspects that Ethereum smart contracts provide.Most of the World of Ether game is decentralized, whereas many competing games only use ERC721 tokens, but do not decentralize game mechanics.ERC721 tokens can only yield decentralized gameplay when the mechanics are built into the tokens, as Gods Unchained, another Ethereum game, shows. Gods Unchained is currently in Beta.World of Ether is a collectible game and most resembles Pokémon mixed with eBay. You discover ‘Etherian’ monsters, battle them to level up, level up to discover rarer and more powerful Etherians, breed your Etherians to make more, and sell your Etherians to other players for cryptocurrency.The marketplace and breeding has economics baked in. There can’t be overpopulation since it takes longer to breed with Etherians each time they’re bred and breeding rarer Etherians appears to give better breeds, increasing their utility beyond battling. World of Ether is live and you can play now with MetaMask, Trust Wallet, or Coinbase Wallet.Blockchain games are at a crossroad with an epic battle taking place between Ethereum, EOS, and Tron.Ethereum was the first blockchain to have non gambling crypto games with people actually playing, EOS the second, and Tron the third. EOS doesn’t have gas fees, but is less decentralized, and Tron is similar.It’s hard to say which blockchains provide better user experiences, and Tron and EOS are actively trying to poach games from other blockchains. The more great dapps a blockchain has, the more legitimate that particular blockchain becomes.Hundreds of millions of dollars were poured into these blockchains and none of them want to disappoint their token holders with a lack of activity. All of these blockchains need apps, and it’s easier to port an existing decentralized game onto it than it is to make a new one from scratch. The battle between these chains is fierce and real.World of Ether is a very convincing use case of games on the Ethereum blockchain, but it remains to be seen which game will reign supreme, and which blockchain will reign supreme.The future of cryptocurrency and blockchain games may very well be a blockchain that hasn’t even begun development or conception. The technology is new, and we will see what happens.Ian Kennedy is the newest contributor to Crypto Daily Gazette. He enjoys running, practicing minimalism and cooking. Ian is a graduate of Wesleyan University in Connecticut where he studied journalism, Arabic and international affairs. Ian mostly covers stories concerning emerging blockchain technology.Your email address will not be published. Required fields are marked * Notify me of follow-up comments by email. Notify me of new posts by email.

On Feb 19, 2020, the DigiByte Foundation announced a remarkable partnership with Safe Haven, the developer of the DeFi solution for an inheritance, asset distribution, and asset control on the blockchain.

According to the report, the collaboration will include the subsequent integration of their inheritance platform (inheriti) on the DigiByte blockchain and future SafeKey support on DigiByte support systems.

Safe Haven is a digital management organization focusing on building crypto-asset solutions such as inheritance, pooling, hardware, and management platforms.

The collaboration will allow Safe Haven to function as a Gold Sponsor for the DigiByte Foundation, while also utilizing the DigiByte (DGB) blockchain for storing inheritance shares. 

The Safe Haven team stated that while the platform is currently in BETA testing and will be released for public BETA shortly, users can obtain a SafeKey at the SafeKey Web Store and pay with DigiByte in the meantime. 

DGB is one of the most enduring and completely decentralized blockchain projects in the crypto space, and the startup remains devoted to nurturing mainstream adoption of distributed ledger technology (DLT).

Safe Haven as a Gold Sponsor of the DigiByte will also support the blockchain startup with resources to develop key projects, and it will also roll out a special edition of its SafeKey hardware device for DigiByte Foundation.

Inheriti is projected to be available on the DGB Blockchain towards the end of this year, and DigiByte also plans to secure a Safe Haven Legacy Node for the next two years. 

The Foundation stressed the importance of using Safe Haven Inheritance Platform, affirming that Inheriti is crucial in terms of security enhancement.

The additional layer of protection and patented internal storage to be leveraged by DigiByte through the partnership can encrypt shares of private keys, passwords, and account details.

Earlier in the year, Jared Tate, the founder of DigiByte, met with the United States government in Washington DC concerning distributed ledger technology (DLT). The meeting involved plans to create more awareness about the DGB platform, protect the decentralization of the blockchain, and promote the wider adoption of its ecosystem.

The DigiByte project has experienced its fair share of turbulence, as DGB was recently delisted by Poloniex cryptocurrency exchange after Jared Tate engaged in a Twitter combat with Justin Sun, Tron’s founder and co-owner of Poloniex.

That said, recent developments such as the Tate meeting with U.S officials, along with the new partnership with Safe Haven, indicate DGB is pushing ahead for wider adoption of its blockchain. 

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Source: PixabayTron [TRX], the Justin Sun-led cryptocurrency, has had a rollercoaster of a bull run, with the coin climbing into the top 10 club for a short stint, before dropping out within a few hours. Despite this setback, Tron has seen a marked shift with respect to Decentralized Application [DApp] development, offsetting the hold held by the Vitalik Buterin-led Ethereum and EOS.The latest analysis by DApp review shows that over the past three months, Tron has added 223 DApps into its ecosystem, a 92 percent growth that saw the number of DApps jump from 242 to 465. Its closest competitor was EOS, which recorded 117 DApps being listed in its roster, completing a 27 percent hike in the number.Sun has always made it a point to inform users that Tron will perform better than Ethereum and that seems to have paid dividends in the DApp ecosystem. Ethereum included 186 DApps to its blockchain over the past 3 months, and its 11 percent growth paled in comparison to Trons 92 percent.Tron has had its fair share of critics with Aman Bains, a cryptocurrency enthusiast commenting,The standard of dapps on tron is so dull it is making blockchain look legacy technology.They need to focus more on quality than quantity. The exit scams on tron like daily whales ? Y no action was taken by Justin sun was he too busy making chicken hongkong for his dinner with WB.Trons DApp prowess has been on show for the past couple of weeks now and this was also exhibited by the organizations weekly reports. DApp review had also pointed out that Trons dominance was not just exclusive to the number of DApps, but also extended to its growth rate. The Tron Foundation tweeted,According to @dapp_review, as of May 27, new #Dapps on #TRON #Blockchain accounts for 31.4%, which is the fastest growing one compared with new #Dapps of other chains in last week. #TRX $TRXFollow us on| |Related Topics:Engineering graduate,crypto head and Arsenal fan. Is fascinated by technology and all its marvels. Strictly against pineapple on pizza.Continue ReadingAdvertisementYou may likeClick to commentSource: PixabayXRP was in the news recently after 23 million XRP were reportedly stolen during a security breach on GateHub. Its competitor, Stellar Lumens [XLM] remained firm on the 10th position on cryptocurrency charts. However, Cardano was closing in on market cap, and may soon overtake XLM on the charts.1 Day XRP chartSource: The 24-hour trading volume for XRP was recorded at $2.2 billion, while its market cap was recorded to be over $17 billion. XRP was priced at $0.4197, at press time.An uptrend was noted from $0.2930 to $0.3980, with resistance at $0.4591 and thesupport at $0.2803.Parabolic SAR indicated a bearish market, as the dotted markers for the indicator were seen above the candles.The MACD indicator suggested a bearish market as the MACD line was below the signal line. However, a bullish crossover was deemed imminent.Klinger Oscillatorindicated an upcoming bullish crossover1 Day XLM chartSource: The 24-hour trading volume for XLM was almost $450 million, with its market cap recorded at $2.4 billion. XLM was priced at $0.1265, at press time.An uptrend was noted from $0.0747 to $0.0878, with resistance at $0.1638 and support at $0.0721.Bollinger Bandsindicated squeezing volatility in the market.The Aroon indicator suggested some bullish activity since the Aroon Up Line was way above the Aroon Down line.Awesome Oscillatorsuggested that market momentum had nearly exhausted itself.ConclusionXRP remained firmly in the bears territory. However, in light of the imminent crossovers, some bullish movements were anticipated. Comparatively, XLM held firm and stable, posting minor gains.AdvertisementAdvertisement Advertisement Advertisement Advertisement Trending