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Blockchain News
Hackernoon
6d
227
Image Credit: Hackernoon
Meet Sora: HackerNoon Company of the Week
- SORA is featured as the HackerNoon Company of The Week for its vision of a decentralized economic system.
- It is built on Parity Substrate and aims to create a supranational economic system with a Token Bonding Curve (TBC).
- SORA stands out due to its democratic governance model, mission for financial inclusion, and hosting of the SORA Economic Forum.
- SORA collaborated with HackerNoon for the DeFi Writing Contest, promoting ideas and stories in decentralized finance.
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Changelly
6d
347
Image Credit: Changelly
What Is Proof-of-Work (PoW)?
- Proof-of-Work (PoW) is a consensus mechanism used in blockchain networks to secure transactions and prevent double spending.
- In PoW, network participants solve complex puzzles using computational power to add new blocks to the blockchain.
- Cryptocurrencies like Bitcoin, Litecoin, and others use PoW for transaction validation.
- PoW ensures adding blocks is hard but verifying them is easy, maintaining network decentralization and security.
- PoW has been critiqued for its high energy consumption, as mining operations consume significant electricity.
- Despite energy costs, PoW remains widely used for its enhanced security and reliability.
- The history of PoW includes key developments from 1993 when it was proposed to its integration in Bitcoin's whitepaper in 2008.
- PoW's purpose in blockchain networks is to replace central authorities, ensuring decentralized and trustless transactions.
- The PoW process involves miners solving cryptographic puzzles to add blocks, receive rewards, and validate transactions.
- Advantages of PoW include proven security, decentralization, fair competition, and no reliance on identity or trust.
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Hackernoon
6d
128
Image Credit: Hackernoon
How Enclave Markets is Building a Privacy-First, Fully Encrypted Crypto Exchange
- Phil Wirtjes, CEO of Enclave Global, discusses the journey from health tech to leading a privacy-first crypto exchange.
- Enclave Markets was created to address trading mistakes and improve user experience in the crypto space.
- The architecture of EnclaveX involves a Secure Enclave and Attestors for distributed control, enhancing user protection.
- Transitioning from permissioned to permissionless models, Enclave considers different use cases and audiences for their FEX model.
- Enclave's decentralized custody model utilizes a network of Attestors to secure the exchange code and user wallets.
- Key metrics for Enclave's product-market fit include tracking deposits, active users, open interest, and trading volume.
- Enclave Markets aims to offer custom hedge fund opportunities for users, democratizing access to profitable trading strategies.
- Users can select risk profiles and engage in professional trading strategies on the platform with minimal capital requirements.
- Enclave plans to continue rolling out Alpha Strategies and enhancing user profit opportunities over the next 6-12 months.
- The article shares insights into Enclave's unique approach to privacy, user empowerment, and future expansion in the crypto market.
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Wordpress
6d
351
Image Credit: Wordpress
Cryptocurrency – Economy at Risk or Ladder to Economic Growth
- Cryptocurrency, a mode of earning virtual digital assets, operates without central banks, depending on blockchain technology for secure transactions.
- In India, the history of cryptocurrency has been turbulent, from bans to regulatory uncertainties and increased interest in cryptocurrencies like Bitcoin.
- The adoption of cryptocurrencies in India has seen fluctuations due to changing regulations, with the RBI issuing warning notices and bans on crypto transactions.
- Cryptocurrency's impact on the Indian economy includes potential job growth, enhanced transparency, and quicker digital payments, but also poses risks like high volatility and legal uncertainties.
- The Indian government introduced taxation on virtual digital assets in the 2022 Union Budget to prevent revenue loss and imbalance in economic taxation.
- Regulatory efforts like the VASP notification in 2023 aim to align India's crypto regulations with international norms to enhance oversight and compliance.
- Both the Reserve Bank of India and SEBI have been involved in regulating cryptocurrency activities, with SEBI suggesting differentiated oversight based on the nature of crypto assets.
- Recent developments in India include the ban on URLs of certain crypto exchanges for non-compliance with anti-money laundering laws, reflecting ongoing regulatory challenges.
- Cryptocurrency trading has seen significant growth in Indian cities, prompting a reevaluation of crypto policies in response to global changes to foster transparency and financial stability.
- Cryptocurrency can serve as a catalyst for economic growth in India, but the lack of proper regulation raises concerns about potential economic losses, highlighting the need for a well-defined regulatory framework.
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Zebpay
6d
186
Image Credit: Zebpay
Ethereum Soars: Unpacking the Surge and What It Means for Investors
- Ethereum (ETH) has surged past $2,500, garnering attention from investors and analysts.
- The recent surge is attributed to strengthening fundamentals and positive market sentiment.
- Key points include a 31.3% weekly price growth and a market cap of $309.80 billion.
- Ethereum's role extends to dApps, tokenized assets, and enterprise blockchain use cases.
- Factors driving the surge include the Pectra upgrade, DeFi and NFT ecosystem growth, and regulatory developments.
- The Pectra upgrade enhanced scalability, staking mechanisms, and wallet functionality.
- DeFi and NFT sectors are experiencing a revival on the Ethereum network.
- Regulatory clarity and market recovery contribute to Ethereum's legitimacy and adoption.
- Investors can explore staking rewards, DeFi participation, and ecosystem expansions.
- Strategies like Dollar-Cost Averaging, Long-Term Holding, and Active Trading are recommended for investors.
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TheNewsCrypto
6d
91
XRP Price Prediction: $3 Goal Still Unclear—Meanwhile, Ozak AI’s 300x Path Looks Cleaner
- XRP is facing uncertain future due to regulatory pressures and slow price movement, while Ozak AI is generating investor interest with bold forecasts and real-world application.
- Analysts believe XRP's path to reach $3 price target is unclear and challenging, requiring significant bullish sentiment and investor confidence in the tokenomics.
- Ozak AI, on the other hand, is gaining attention with its presale success, offering a potential 300x return by 2025 with its innovative technology and economics.
- Comparing XRP and Ozak AI, the former faces regulatory uncertainties and slower growth potential, while the latter presents a cleaner and more compelling investment opportunity in 2025.
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TechBullion
6d
186
Image Credit: TechBullion
Analysts Predict This Hidden Altcoin Could 1000x by 2025 — Here’s Why Eternex Network (eTRNX) Might Be the Next Big Thing in Crypto
- Eternex Network (eTRNX) is gaining attention as a potential hidden gem in the crypto space that could deliver 1000x gains by 2025.
- The project combines tokenized real-world assets with AI-powered asset management and multi-chain DeFi infrastructure, making it attractive to early-stage analysts and venture insiders.
- Eternex aims to address the tokenization of real-world assets, with projections of hitting a $10 trillion market by 2030, and it offers AI-based portfolio optimization across different chains.
- Analysts believe that Eternex has the potential to become a top-performing altcoin due to its focus on utility, innovation, and global accessibility.
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Dev
6d
45
Image Credit: Dev
Hackers Love Lazy People — Here’s Why!
- In cybersecurity, laziness can be an invitation to hackers as most attacks target human negligence.
- Reusing passwords across multiple accounts makes users vulnerable to credential stuffing attacks by hackers.
- Not using Two-Factor Authentication (2FA) can leave accounts easily exploitable; enabling 2FA adds an extra layer of security.
- Ignoring software updates can expose devices to security risks; regularly updating apps, OS, and firmware is crucial for cyber safety.
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TechBullion
6d
318
Image Credit: TechBullion
Astra Fintech Announces Establishment of Korea HQ, Strengthening Commitment to Solana Ecosystem and Regional Expansion
- Astra Fintech has announced the establishment of its Korea Headquarters, marking a significant milestone in the company's expansion across Asia.
- The move underscores Astra Fintech's strong commitment to the Korean market, where it has actively engaged in local blockchain ecosystems and partnered with Solana Korea on projects like Mulex Protocol and Depe.
- Prior to the HQ launch, Astra Fintech demonstrated its dedication to the Korean blockchain community by sponsoring events like Seoulana, a Solana-focused hackathon, showcasing its vision for PayFi, a next-gen financial solution on high-performance blockchain infrastructure.
- With the new Korea HQ, Astra Fintech aims to deepen its involvement in the Solana ecosystem, focusing on DeFi, payments, and Web3 applications, while investing in local talent and forming strategic partnerships to drive innovation in Asia's digital economy.
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Medium
6d
347
Image Credit: Medium
Has GUN run out of ammo? Crypto gaming’s favorite token bears a closer look
- Blockchain gaming is growing but faces challenges like technical complexity and the emphasis on finance over fun, which deter traditional gamers.
- A new game called Off The Grid aims to attract traditional gamers by focusing on pure gameplay and simplifying on-chain transactions. It integrates crypto trading without complicating gameplay or discouraging console use.
- Off The Grid, developed by Gunzilla Games, features NFTs and the GUN token for in-game and external trading opportunities. It has gained attention with its cyberpunk-themed multiplayer gameplay and use of the GUNZ Avalanche l1 blockchain.
- While Off The Grid has seen significant user engagement and wallet creations on Avalanche, the value of the GUN token has fluctuated, raising questions about its in-game integration. The game's potential success hinges on the fusion of fun gameplay with the benefits of blockchain technology in gaming.
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Eu-Startups
6d
336
VC fund Tritemius launches Spain’s first regulated web3 VC fund with €21 million to invest in startups
- Tritemius Fund FCRE I, a new VC fund with an initial close of €21 million, focuses on early-stage startups in the web3 ecosystem with average investments of €500k per company.
- The fund, advised by Tritemius Capital and managed by Abante, fills a gap in blockchain investment and aims to be a bridge between Europe, Latin America, and the rest of the world.
- Tritemius operates in three main areas: Venture Capital, Venture Builder, and Digital Assets, with a strategic focus on web3 and blockchain startups.
- Tritemius Fund FCRE I is the only regulated VC fund in Spain fully dedicated to web3, authorized as a European Venture Capital Fund under the CNMV.
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Global Fintech Series
6d
190
Image Credit: Global Fintech Series
SSI on Edge: Decentralized Identity for IoT Devices and Constrained Environments
- Self-Sovereign Identity (SSI) is a decentralized model enabling individuals and devices to manage their credentials without centralized authorities, increasingly used in IoT for secure and scalable identity solutions.
- SSI employs Verifiable Credentials stored in Decentralized Identifiers, offering secure, privacy-preserving, and interoperable identity verification.
- In IoT, SSI provides enhanced security by eliminating centralized servers, improving privacy via Zero-Knowledge Proofs, ensuring interoperability, and reducing dependence on centralized infrastructure.
- Challenges in implementing SSI for IoT in constrained environments include limited resources, network constraints, scalability issues, and key management complexities.
- A practical approach involves edge-computing-based SSI architecture, where edge nodes handle identity verification, key management, and data exchange efficiently.
- Use cases include Smart Cities, Industrial IoT, Supply Chain Management, and Healthcare IoT, showcasing the versatility and benefits of SSI in various sectors.
- SSI offers a transformative solution for securing IoT devices in decentralized environments, addressing computational, network, and key management challenges through edge computing integration.
- As IoT expands, integrating SSI into edge environments will be crucial for ensuring secure, autonomous, and efficient device interactions.
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Dev
6d
115
Image Credit: Dev
What is Tronpy? Exploring the Open Source Business Model, Funding, and Community Impact
- Tronpy is an open source Python library facilitating interaction with the Tron blockchain, emphasizing community contributions and transparent funding.
- Governed by the MIT license, Tronpy offers simplicity and reliability in developing decentralized applications and integrating sustainable funding.
- Key features include Python integration, user-friendly API, and comprehensive documentation, fostering ease of use and learning.
- The project's community-driven development, sustainable funding models, and industry adoptions showcase its impact in various sectors.
- Tronpy's comparative advantages over other blockchain libraries stem from its language choice, licensing, community focus, and funding model.
- Real-world applications of Tronpy span decentralized finance, supply chain management, digital identity, and voting systems.
- Challenges such as scalability, security risks, funding variability, and integration complexity are key areas being addressed by Tronpy.
- Future trends may see advancements in AI integration, multi-chain interoperability, enhanced security protocols, and decentralized governance models.
- Tronpy lays the foundation for blockchain innovation through community engagement, sustainable funding, real-world applications, and future innovations.
- The article provides insights on Tronpy's overview, funding models, governance, applications, challenges, future outlook, and key resources for further exploration.
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