Generative Data Intelligence

Tag: networks

Why knowledge graphs are key to working with data efficiently, powerfully

AI
Where does your enterprise stand on the AI adoption curve? Take our AI survey to find out. This post is by Dr....

NDHM & What it means to be Integration Ready

AI
The chatbot market was valued at USD 17.17 billion in 2020 and is projected to reach USD 102.29 billion by 2026, which, in...

New Generation XQR Social Network: A Review of the Project and an Interview with Its Creator

Blockchain
Many modern high-tech projects open up new opportunities for users. An example of such a startup is XQR, whose developers have expanded the potential of social networks by creating a unique multifunctional platform. XQR is a service for automating an exchange of contacts, whose users have access to many unique tools. Here’s how the project […]

Algorand & pNetwork Partner to Build Cross-Chain Connections

Blockchain
pNetwork recently announced that they are partnering with Algorand, the PoS (proof-of-stake) blockchain focused on merging traditional and decentralized finance. pNetwork, known for its cross-chain system helping NFTs and assets to move between blockchain networks. The partnership will see the ventures cross-chain bridges for Algorand. Algorand gas provided a grant to pNetwork to create a …

The Future of Cryptocurrency Is Thrilled with Stablecoins

Blockchain

Digital forms of money are conceivable due to blockchain innovation. Digital currencies like Bitcoin run on top of their blockchain stages…

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Theta Guardian Node v3.0.2’s Release Enables Mainnet 3.0

Blockchain
In a recent announcement, Theta Labs declared the launch of Guardian Node for Theta v3.0. The new version shall go through a hard fork at a block height of 10968061 for activating the features of Theta 3.0. It is now mandatory for the registered users to remain in sync after the hard fork height. The …

Can This Token Could Be About to Replicate ICPs Success

Blockchain
It’s highly probable that many a crypto entrepreneur hopes and dreams that their token will one day attain a coveted spot in the top ten highest-ranked tokens by market cap. After all, if Dogecoin can stage an epic comeback to comfortably occupy a top slot, then anyone else can do it, right? In May, one token managed to do what many believed simply isn’t possible. Internet Computer (ICP) became a top ten crypto within a matter of days from launching. And, if the fundamentals play any significant role in how ICP achieved its meteoric ascent, then another token soon looks set to do the same. ICP’s Solid Fundamentals If shooting to the top of the ranking tables is a rare event, then it takes a rare token to do so, and ICP had a lot going for it at launch. The project behind ICP is Dfinity, a Swiss Crypto Valley VC top 50 unicorn initiative valued at $2 billion last year. A valuation at that level already puts it parallel with Polkadot, Cardano, and Tezos, all of which have established Swiss non-profit foundations to support development. Dfinity attracted significant interest from investors early on, with investors including Andreessen Horowitz and Polychain Capital providing $120 million in funding. For a startup without a product or a proof of concept yet, that’s a significant investment. But Dfinity was promising to deliver something big – the Internet Computer. Many crypto aficionados speak of decentralization in terms of blockchain networks and the number of participants. However, blockchains such as Ethereum generally only host digital assets and their transactions. Application data, web hosting, user interfaces – all of these services are provided in the same way they are to all centralized online services, from the big tech firms like Amazon, Google, and Microsoft. Internet Computer is a decentralized cloud computing service for Web 3.0, meaning that applications can significantly further their journey to becoming truly decentralized. It offers the potential to break the stranglehold that big tech has over the internet. As such, when Internet Computer launched its ICP token in May, the markets went wild for it. Coinbase Pro, Binance, and other projects rushed to list it, and the price skyrocketed to the point where ICP was in the top ten. Things have since calmed down, but ICP nevertheless made a highly impressive debut. A Second Bolt From the Blue? If one such event in a year is a rarity, then two would seem impossible. However, Concordium’s GTU token is currently one of the ones worth keeping a very close eye on, simply for the startling number of parallels that can be drawn between Concordium and Internet Computer. Concordium is also developed by its own Swiss foundation, although the project has its origins in Denmark. It was founded in 2018 by Lars Seier Christensen, who founded Danish investment bank Saxo. It’s now led by Lons Fønss Schrøder, who has served on the executive board of global companies including Volvo, IKEA, and Moller-Maersk. The project also has a research team led by Professor Ivan Damgård, co-author of the Merkle-Damgård construction, a cryptographic hashing function widely deployed in blockchains. Like Internet Computer, the project has also gained enthusiastic backing from investors during private fundraising rounds, having raised $41 million this year alone. It’s also achieved unicorn valuation status, worth $4.45 billion at the time of writing. Solving Enterprise Identity Challenges Concordium has a slightly different but no less valuable proposition from Internet Computer. The project has only just launched its enterprise-grade development platform on mainnet, having undertaken four successive testnet runs over the last twelve months. Concordium believes it can sell itself to enterprises thanks to its unique identity layer. Whereas most public blockchains operate pseudonymously, this level of anonymity is unsuitable for businesses, which often need to identify the counterparties to transactions for legal reasons. Therefore, Concordium aims to solve this dilemma by offering an identity solution that uses zero-knowledge proofs to allow a user to get verified off-chain, then transact as a verified participant on-chain. However, the zero-knowledge proofs ensure that their off-chain identity is anonymized on-chain. The failsafe for enterprises is that if there’s a legitimate legal requirement to identify someone, Concordium initiates a secure process that allows the legal authority making the request to receive confirmation of the user's identity – but without anyone else being privy to the information. Early Interest from Enterprises Concordium has already onboarded at least one major enterprise partner that we know about. In February this year, the project announced a joint venture together with Geely, the firm behind Volvo. The venture involves Geely using Concordium’s blockchain technology to help its enterprise client base develop regulatory and identity-based solutions. Of course, nobody can predict the future. But ICP proved that a token with the right fundamentals could disrupt the upper echelons of the crypto ranking tables right out of the box. Now it’s been done once, it’s just a matter of waiting for the next big token to emerge, and currently, Concordium’s GTU token looks like one of the most likely contenders.

The post Can This Token Could Be About to Replicate ICPs Success appeared first on Coinpedia - Fintech & Cryptocurreny News Media| Crypto Guide

It’s highly probable that many a crypto entrepreneur hopes and dreams that their token will one day attain a coveted spot in the top ten highest-ranked tokens by market cap. After all, if Dogecoin can stage an epic comeback to comfortably occupy a top slot, then anyone else can do it, right?  In May, one …

Polkadot’s DOT Tokenomics Explained: The Complete Guide

Blockchain
Polkadot's DOT is undoubtedly one of the most popular tokens with enviable performance in 2021. However, its tokenomics are just as important - here's a complete guide.

Federating Learning: Privacy Aware Machine Learning

AI
People often blame AI (artificial intelligence) for helping Big Brother intrude on our privacy, and it's undeniably a weapon of mass intrusion, but...

Tesla shows off the AI supercomputer training what it hopes will one day be an actual self-driving car

AI
In Brief If you're wondering what it takes to develop a self-driving car, know that Tesla is using a 1.8-exaFLOP AI supercomputer packed...

How a Seattle fintech entrepreneur built a network of support through multiple organizations

Fintech
Seattle is home to a handful of fintech companies, notably money transfer startup Remitly, but it isn’t known as a fintech hub. And...

Fantom (FTM) Price Prediction 2021-2025: FTM to Soar to $0.80 by 2021?

Blockchain

Fantom (FTM) Price Prediction 2021-202. Will the DeFi trend favors the FTM token, making it to aoar to $0.80 by 2021? Check Out!

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