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Tag: Algorand

Kraken Daily Market Report for March 21 2022

Overview


  • Daily spot trading volume: $702.7 million, 30 day average spot: $948.7 million.
  • Total futures notional at $120.4 million.
  • The top five most traded coins were, respectively, Tether (0%), Bitcoin (-0.7%), Ethereum (+1.1%), Solana (0%), and USDC (0%).
  • Strong returns from Ocean (+23%) and Algorand (+12%).

March 21, 2022 
 $702.7M traded across all markets today
 Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD 
USDT 
$1.0004 
↑0.0% 
$186.6M
BTC 
$41014. 
↓0.7% 
$150.7M
ETH 
$2893.0 
↑1.1% 
$124.7M
SOL 
$88.65 
↓0.01% 
$50.6M
USDC 
$1.0 
↑0.0% 
$44.0M
XRP 
$0.8379 
↑4.0% 
$14.9M
ADA 
$0.9181 
↑4.6% 
$12.9M
ATOM 
$27.942 
↑0.4% 
$12.9M
AVAX 
$86.32 
↑1.6% 
$11.9M
LUNA 
$95.82 
↑6.0% 
$11.5M
DOT 
$18.783 
↑0.7% 
$8.93M
LINK 
$15.018 
↑3.3% 
$6.3M
APE 
$10.585 
↑9.1% 
$5.99M
UST 
$1.0042 
↑0.1% 
$5.56M
DAI 
$0.9999 
↓0.01% 
$5.15M
LTC 
$116.19 
↑1.1% 
$4.94M
ZEC 
$181.81 
↑4.6% 
$4.74M
BCH 
$335.44 
↑2.3% 
$4.12M
EOS 
$2.3493 
↑6.0% 
$3.56M
FLOW 
$6.0304 
↑3.0% 
$3.36M
OCEAN 
$0.6099 
↑23% 
$3.11M
ALGO 
$0.8280 
↑12% 
$3.03M
DOGE 
$0.1191 
↑0.0% 
$3.0M
ETC 
$38.359 
↑0.12% 
$2.43M
SHIB 
$2.294e 
↓0.8% 
$2.39M
MANA 
$2.4089 
↑0.2% 
$2.36M
KSM 
$154.99 
↑1.8% 
$2.26M
MATIC 
$1.4666 
↓0.01% 
$1.85M
XLM 
$0.2040 
↑3.5% 
$1.8M
AAVE 
$154.06 
↑0.9% 
$1.79M
DASH 
$123.81 
↑7.2% 
$1.75M
AXS 
$50.143 
↑0.8% 
$1.71M
MINA 
$2.09 
↓0.9% 
$1.66M
XMR 
$191.87 
↓1.5% 
$1.53M
SAND 
$3.0809 
↓0.13% 
$1.44M
SUSHI 
$3.31 
↑1.8% 
$1.2M
LRC 
$0.8075 
↓2.5% 
$1.2M
KAVA 
$3.5267 
↑0.6% 
$1.18M
OGN 
$0.6965 
↓15% 
$1.06M
WAVES 
$32.499 
↑0.7% 
$1.05M
PAXG 
$1937.7 
↑0.7% 
$977K
FIL 
$17.843 
↑0.7% 
$925K
ICP 
$16.935 
↑0.27% 
$899K
GRT 
$0.4162 
↑6.7% 
$893K
SNX 
$4.963 
↓4.5% 
$843K
XTZ 
$3.2407 
↓2.8% 
$840K
SGB 
$0.0637 
↓0.9% 
$838K
SC 
$0.0095 
↑3.9% 
$826K
UNI 
$9.361 
↑0.28% 
$793K
GLMR 
$2.763 
↑0.7% 
$747K
EWT 
$6.034 
↑9.5% 
$652K
IMX 
$2.135 
↓2.7% 
$594K
NANO 
$2.2120 
↑0.09% 
$555K
TRX 
$0.0617 
↑0.29% 
$549K
KNC 
$3.1616 
↓2.4% 
$520K
CRV 
$2.2 
↑2.0% 
$494K
KEEP 
$0.6221 
↓1.7% 
$490K
CHZ 
$0.2034 
↓0.05% 
$471K
COMP 
$113.21 
↓1.7% 
$458K
AUDIO 
$1.0092 
↓4.3% 
$449K
PERP 
$4.083 
↑1.6% 
$427K
MOVR 
$62.255 
↑4.4% 
$409K
BICO 
$1.618 
↑9.3% 
$352K
PHA 
$0.254 
↑3.3% 
$346K
QTUM 
$6.8236 
↓2.2% 
$345K
ENJ 
$1.433 
↓0.6% 
$337K
OMG 
$4.8274 
↓0.4% 
$327K
ANT 
$4.8309 
↑3.3% 
$310K
SRM 
$2.475 
↓5.4% 
$296K
MLN 
$57.655 
↑3.3% 
$290K
1INCH 
$1.5319 
↓1.9% 
$283K
ANKR 
$0.0742 
↓1.2% 
$256K
REPV2 
$13.910 
↑0.6% 
$218K
GALA 
$0.2358 
↑0.6% 
$197K
BAT 
$0.8165 
↓0.3% 
$187K
STORJ 
$1.1049 
↑2.7% 
$177K
CTSI 
$0.3418 
↑1.1% 
$156K
INJ 
$5.4196 
↑1.9% 
$152K
OXT 
$0.2509 
↑1.7% 
$149K
YFI 
$20331. 
↑2.4% 
$143K
WBTC 
$41105. 
↓0.4% 
$142K
LSK 
$2.1544 
↑0.9% 
$141K
MIR 
$1.6020 
↑0.13% 
$137K
REN 
$0.3563 
↑3.4% 
$134K
GNO 
$318.85 
↑2.5% 
$131K
REP 
$13.782 
↓0.7% 
$127K
ICX 
$0.7748 
↓0.8% 
$125K
KP3R 
$384.69 
↓1.6% 
$125K
LPT 
$26.79 
↑1.8% 
$97.7K
FIDA 
$1.6869 
↑2.9% 
$75.9K
DYDX 
$5.006 
↑1.9% 
$71.8K
ENS 
$15.76 
↓1.3% 
$70.6K
KILT 
$1.03 
↑6.2% 
$70.5K
BAL 
$12.0 
↑1.4% 
$66.9K
OXY 
$0.371 
↑1.1% 
$63.9K
MKR 
$2008.6 
↑0.5% 
$61.8K
ACA 
$1.256 
↑6.1% 
$61.5K
CQT 
$0.331 
↑1.4% 
$57.3K
BAND 
$3.742 
↑4.2% 
$55.4K
BNC 
$0.58 
↑5.5% 
$51.5K
ALICE 
$6.362 
↑2.8% 
$46.3K
ZRX 
$0.551 
↑0.12% 
$46.0K
STEP 
$0.1687 
↑4.2% 
$43.9K
ASTR 
$0.1030 
↓2.8% 
$41.1K
RAY 
$2.7310 
↑1.3% 
$38.7K
RARI 
$7.1578 
↑3.1% 
$35.6K
SDN 
$0.769 
↑2.4% 
$35.2K
MC 
$2.253 
↑0.6% 
$31.1K
BADGER 
$7.734 
↑0.3% 
$29.3K
ORCA 
$2.145 
↑0.6% 
$28.7K
GHST 
$1.9709 
↓0.07% 
$27.7K
ATLAS 
$0.0261 
↑2.6% 
$22.9K
AIR 
$0.064 
↑6.1% 
$19.3K
SBR 
$0.0436 
↑15% 
$16.0K
TBTC 
$41101. 
↑0.5% 
$14.9K
KIN 
$3.973e 
↓0.3% 
$12.7K
PSTAKE 
$0.6854 
↓2.3% 
$12.2K
AKT 
$1.167 
↑3.1% 
$12.0K
BNT 
$2.3680 
↑1.7% 
$11.3K
WOO 
$0.599 
↑2.9% 
$9.98K
KINT 
$11.594 
↓0.3% 
$9.97K
KAR 
$1.375 
↓2.7% 
$9.64K
YGG 
$2.5989 
↓0.04% 
$8.65K
POLIS 
$1.6680 
↑6.4% 
$5.79K
MNGO 
$0.1541 
↑1.8% 
$0.73K

The post Kraken Daily Market Report for March 21 2022 appeared first on Kraken Blog.

Could Algorand be the Future of Blockchain?

Could Algorand be the Future of Blockchain?

What is the future of blockchain and cryptocurrency? That’s one of the most common questions on the minds of many crypto investors or enthusiasts. While many believe Bitcoin will become the world’s reserve currency, others predict privacy coins like Zcash will take over. But there may be another contender who could be one of the biggest blockchain technology breakthroughs. That is Algorand, an innovative platform based on proof-of-stake algorithm and security deposits. A Review of Smart Contracts What is a smart contract, really? It is a computer program that controls financial assets or property and executes exactly as programmed. It’s to digitally facilitate, verify or enforce negotiation or performance of an agreement. So, there is no need for a third party (like a bank). Essentially, the intention is to replace trust in humans with trust in code. But what does that actually mean for you and me in practice? How will smart contracts change everything for blockchain technology? How do we decide which ones are best for our own needs—whatever they may be? Let’s take a closer look at some potential use cases of blockchains when it comes to smart contracts. ​ One of the most useful applications of smart contracts in decentralized file storage. For example, suppose someone wants to store data on IPFS but can only commit small amounts of money at a time due to constraints set by their employer or university. A simple algorithmic script running on the blockchain allows them to store that piece of data on IPFS without actually owning any cryptocurrency while still gaining credit for other contributions made during their workday. In this way, everyone involved gets access to decentralized storage without needing any cryptocurrency​ themself! How does Algorand Work? Algorand is a new blockchain architecture that focuses on solving several problems that exist in existing blockchain models. The primary goal is to achieve security guarantees like those run by classical Byzantine fault-tolerant (BFT) consensus algorithms. However, unlike PBFT and Tendermint, Algorand requires just 16 nodes to agree on every block. Furthermore, it does not rely on third-party services to run its network. This implies that no single party may withhold service, disrupt processes, or manipulate results without majority consent. Simply put, there’s no way for a bad actor to take advantage of their position and tamper with data. Furthermore, each node validates all transactions locally and must decide on each one independently before acting. Even if an attacker temporarily controlled several of Algorand’s sixteen consensus participants, he would have minimal leverage. His ability to perform future transactions would be limited. He wouldn’t have access to information about prior transactions until they were recorded into blocks. Therefore, he would be unable to predict their effect on his reputation score reliably or otherwise corrupt them. The Problem with Bitcoin, Ethereum, and Other Cryptocurrencies The problem with cryptocurrencies is that they don’t scale. For example, Bitcoin currently carries out 7 transactions per second, while Ethereum can only handle 15. This means that you can’t support a truly global economy with either cryptocurrency as a foundation, not even on a regional level. Many other cryptos are attempting to fix scaling problems. However, few have gained enough popularity for their use cases even to matter yet. And if the use of cryptocurrencies isn’t widespread, how will businesses or governments fully use them? Or do we want them to make full use of them? Besides, all of these cryptocurrencies run off some form of blockchain technology. So there must be something better than blockchain technology for us to get true scalability and better usability. The Problems Algorand Identifies From Other Blockchains There are two core problems concomitant with today’s blockchain applications: scalability and security. Scalability is a matter of size related to how many transactions per second an application can handle. On the other hand, security is a big deal for financial institutions and companies who don’t want careless sharing or compromise in sensitive data. Traditionally, having multiple computers confirm every transaction addresses these issues. The idea is to create redundancy by dividing those transactions among several devices rather than one mega computer. Then, if something goes wrong on one device (or gets hacked), others pick up where that device left off. That strategy has some pretty serious limitations, though. First, because everyone needs to process every transaction, scalability remains on a tight leash no matter how many computers you add-in. Another issue is that only one group can process all those transactions. It’s not very private when everyone knows exactly what everyone else is doing. And finally, there’s latency or lag time. As more people join a network, it takes longer for your transaction to appear as part of that network. This is because each computer must first verify everything before adding its approval on top of everything else. That makes … Continued

The post Could Algorand be the Future of Blockchain? appeared first on Cryptoknowmics-Crypto News and Media Platform.

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Popular peer-to-peer file sharing service LimeWire will make a comeback on the blockchain. Per a press release, the platform will relaunch as a non-fungible token (NFT) market operating on Algorand. Related Reading | Algorand Blockchain Has Grown 35% In Q1 2022 LimeWire has chosen this community, the discharge claims, as a consequence of Algorand’s alleged […]

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LimeWire Partners with Algorand to Power Its NFT Marketplace

Coinsmart. Europe's Best Bitcoin and Crypto Exchange. Platoblockchain. Web3 Metaverse Intelligence. Knowledge Amplified. FREE ACCESS. CryptoHawk. Altcoin Radar. Free Trial. Source: https://cryptobriefing.com/limewire-partners-with-algorand-to-power-its-nft-marketplace/?utm_source=main_feed&utm_medium=rss

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LimeWire Returns With NFT Digital Collectibles Marketplace

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After ten years of inactivity, peer-to-peer (P2P) file sharing software LimeWire returned with a new look – an NFT Marketplace to support true artists and content creators. On its official website, the project also says, “LimeWire is back to bring digital collectibles to everybody.” On Wednesday, LimeWire officially announced its launch of an NFT marketplace [...]

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Stripe Jumps Back Into Crypto, Providing New Payment Options for Consumers and Companies

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