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Metaverse Land Prices Boom By 879% Since 2019

The Metaverse has proved to be a major hot spot for the emerging digital assets industry. However, over the span of time, Virtual Real...

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How an 11-year-old programmer created his own NFT minter

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass Adoption Inspired by the success of Beeple, Miguel Wang created CryptoTigers to generate pixelated tiger images for the Year of the Tiger.

Hello! I’m groot! I’m here to save the earth!

I heard planet earth have so many issues right now, i’m asking you all to join The Guardians of Groot and join the movement so we can save…

TheRandomDao (RND) Goes Live on Crypto Exchange LBank

TheRandomDao (RND) Goes Live on Crypto Exchange LBank
The renowned global crypto-trading platform LBbank Exchange has listed TheRandomDao on its platform. The brain behind the smart contract project is Huang Zheng, a 12-year old Chinese boy who’s been learning programming since the age of six. Huang surprised the crypto community when he recorded himself and then uploaded a video of himself working on […]

Former Facebook Employees Get $200 Million To Create Blockchain System For Aptos

Silvergate Capital purchased Diem’s tech assets for $182 million earlier this year, ending the grandiose ambition of Facebook to create a blockchain payments network. The transaction demonstrated how Facebook, now Meta, is left with few regulator-approved ways to become a key participant in the blockchain ecosystem. Some ex-Meta workers are taking up the open-source Diem blockchain mantle in an attempt to accomplish the idea of a decentralized network that they claim is created to support billions of users. It is geared to cater to substantial corporate clients early on. Blockchain System For Aptos Aptos, a project founded by ex-Facebook employees who just left the firm in December, has already received unicorn money from Andreessen Horowitz and other prominent web3 investors. Aptos CEO Mo Shaikh said in a recent blog post: “We are the founders, researchers, designers, and builders of Diem, the first blockchain developed for this purpose… while the rest of the world never saw what we produced, our job is far from done.” Aptos has revealed that it has secured $200 million in funding for its objective of developing a blockchain scalability system with participation from Tiger Global, Katie Haun, Multicoin Capital, 3 Arrows Capital, FTX Ventures, and Coinbase Ventures. Silvergate Capital is another notable investor in the first round, while the Aptos team insists that they would not license or use any of Silvergate’s Diem IP as they build up their blockchain. Related Article | Gloomy Crypto Future? Book Author Warns We’re In The Biggest Bubble In History Crypto total market cap at $1.78 trillion on the daily chart | Source: TradingView.com Layer 1 System For Aptos The Aptos blockchain will be a Layer 1 system, which means it will not be built on top of current blockchains such as Ethereum or Solana but will instead develop its decentralized network. Along with the investment announcement, Aptos announced the official launch of its “devnet,” which will enable developers to explore and build on the Aptos blockchain before a public release, which the team believes will occur in Q3 of 2022. Aptos’ goal is to create a more scalable blockchain with faster transactions and lower fees than today’s mainstream networks. The creators aspire to produce a more stable and predictable network for corporate customers interested in adopting blockchain technology. No Direct Link With Facebook While Diem supporters such as Andreessen Horowitz may gather behind a team attempting to take up the task of what Facebook was trying to establish with Diem and Libra, some in the crypto community remain wary of accomplishing a vision of web3 imagined by Facebook. “To be clear, we have no official connection with Facebook and no funding from them,” Shaikh said. Meanwhile, another challenge/opportunity that Aptos faces is how soon it can recruit developers. The company seeks to attract developers by using Move, an open-source programming language created by Meta. Related Article | Abra CEO Predicts Ethereum Could Reach $40,000 – But Some Fintech Analysts Don’t Agree Featured image from SiliconANGLE, chart from TradingView.com

Cardano (ADA) Gambling Now Available at BC.Game

You can now deposit, play, and withdraw with Cardano at BC.Game

The post Cardano (ADA) Gambling Now Available at BC.Game appeared first on BitcoinChaser.

The Graph (GRT) Price Surges 39% Following Migration of Subgraphs

The Graph (GRT) Price Surges 39% Following Migration of Subgraphs

Subgraphs, a kind of open API, are a key component of The Graph (GRT) protocol. Since its March 13 low

The post has appeared first on thenewscrypto.com

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Cosmos Deep-Dive: The Internet of Blockchains

Cosmos Deep-Dive

Cosmos is a permissionless decentralized network of interoperable and independent blockchains that exchange tokens and information. Cosmos was established in order to overcome some of the problems that modern blockchains have. Scalability, governance, and usability are among these concerns. Blockchains can be separated into three conceptual layers from architecture:  Application layer: It updates the state of blockchain based on the execution of transactions.  Networking Layer: It is in charge of ensuring that transactions and consensus-related messages are propagated.  Consensus Layer: It allows nodes to agree on the system’s present state. The Cosmos is a decentralized network of autonomous, scalable, and interoperable blockchains powered by the Tendermint Core Byzantine Fault-Tolerant (BFT) consensus algorithm. Cosmos is all about the multi-chain world, seamlessly communicating data and tokens between numerous sovereign blockchains. This establishes a collaborative ecosystem because no project or blockchain in the ecosystem exists to compete with others; instead, Cosmos connects them all.  Features of Cosmos: Tendermint Core Cosmos SDK IBC Tendermint Core Tendermint BFT combines a blockchain’s networking layer and consensus layer into a generic engine, allowing developers to focus on the development of the application layer rather than the complicated underlying protocol. Tendermint saves hundreds of hours of development time as a result. Tendermint is also the name of the byzantine fault-tolerant consensus method employed by the Tendermint BFT engine. The Application Blockchain Interface connects the application layer of blockchains with the Tendermint BFT engine through a socket. Any programming language of your choice can be used to wrap the protocol, allowing developers to use whatever language best suits their needs. Cosmos SDK The Cosmos-SDK is an open-source framework for creating multi-asset public Proof-of-Stake (PoS) and Proof-of-Authority (PoA) blockchains, such as the Cosmos Hub. Application-specific blockchains are blockchains that have been created using the Cosmos SDK. The Cosmos SDK’s purpose is to simplify developers to build unique blockchains from the ground up that can natively interact with existing blockchains. IBC It’s a protocol that enables different blockchains to communicate with one another. Considering the legalities and constraints that needed to be met to make this communication process a reality was hard. IBC makes it easy to transfer tokens and other data in a trusted and frictionless manner. It opens up a world of possibilities allowing for interoperability and value transfer, without facing the scaling issues which can be seen today in many blockchains. How does IBC work? The logic behind IBC is very simple. Let us suppose, there is an account on chain X, and it wants to send 20 tokens (for eg. ATOM) to chain Y.  Tracking Chain Y receives the headers of chain X continuously and vice versa. This allows every chain to have the track record of the validator set of every other blockchain. For this purpose, each chain runs a light-client of the other. Proof Relay Proof that 20 ATOM tokens are bonded is sent from chain X to chain Y. Validation  The proof sent to chain Y is verified against chain X’s header and if the proof is found valid, then 20 ATOM vouchers are created on chain Y. Keep in mind that, ATOM tokens created on chain Y are not real, because real ATOM tokens still exist on chain X. Tokens present on chain Y are just a representation of ATOM on chain X, along with proof that these ATOM tokens are frozen on chain X. A similar process is followed to unlock the tokens when they return to their origin chain.  Tokenomics Use Cases of ATOM Token ATOM can be used in three ways: as a spam-prevention system, staking tokens, and voting method in governance.  ATOM is used to pay fees as a spam prevention method. Similar to Ethereum’s idea of gas, the fee might be proportionate to the amount of computation required by the transaction. Taking fees is necessary so that malicious actors don’t misuse the blockchain. ATOM can be staked to obtain tokens as rewards. The quantity of ATOM staked determines the Cosmos Hub’s economic security. The more collateralized ATOM there are, the more skin is at stake and the cost of attacking the network rises. As a result, the more ATOM are staked, the better will be the economic security, Governance: ATOM holders can also govern the Cosmos Hub by voting on proposals with their staked ATOM. Initial Token Distribution of Cosmos(ATOM) The Interchain Foundation held multiple private investment rounds, and a public fundraising event on April 6, 2017.  According to the Interchain Foundation, private Contributors, Public Contributors, All in Bits Inc (AiB), and the Interchain Foundation were the recipients of these newly created ATOMs.  In exchange for a $1,329,472.3 donation, strategic and early adopters received 7.1 percent of the first supply or 16,856,718.97 ATOMs. In exchange for $300,000, the seed contributors received 5% of the initial supply or 11,809,947.91 … Continued

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OKX Exchange: Complete Rebranding Overview

OKEX or OKX, as they have recently rebranded to (more on that later), is a large cryptocurrency exchange and one of the OG’s in the crypto space established all the way back in 2016. Using its expertise in the spot market, OKX offers its users the opportunity to trade Futures, perpetual swaps and options markets. In […]

The post OKX Exchange: Complete Rebranding Overview appeared first on Coin Bureau.

Chainalysis Analytics Company Launched Sanctions Screening Tools

The Chainalysis analytics company launched sanctions screening tools for NFTs and DEFI which will help decentralized projects to improve their tracking possibilities as we can see more in today’s latest crypto news. Chainalysis analytics company announced the launch of two new tools that will make it easier to screen crypto wallets for sanctions compliance. The […]

Reef Launches NFT Team Focused on Graffiti and Electronic Music Artists

Tag Template - News Hub PRO CoinGenius Hosts Virtual Crypto Event The Road To Mass AdoptionPRESS RELEASE. Reef, a layer 1 Substrate based blockchain for DeFi, NFTs, and gaming, announced today it’s launching a new NFT division focused on connecting with graffiti and electronic artists while scaling up it’s blockchain to be more NFT-friendly. In the last two months, Reef has been working behind the scenes to kickstart its contribution […]

FTX Partners with Stripe for Payment Processing For Crypto

FTX Stripe

In a recent announcement made by its CEO, FTX, one of the top and fastest-growing cryptocurrency exchange companies in the world, announced a cryptocurrency payment partnership with Stripe, a technology company that is creating financial infrastructure for the internet and whose primary products are payment processing software and application programming interfaces (APIs) for e-commerce websites and mobile apps. In addition to handling cryptocurrency payments and processing funds for customers who deposit into their FTX account using Stripe, the cryptocurrency company hopes to provide a streamlined onboarding and identity verification procedure for new users looking to join its exchange. Tristan Yver, the Head of Strategy at FTX, said, “We want FTX to become a trusted mainstream brand. We’ve partnered with Stripe to help us transform what could be unintuitive crypto experiences into ones that exceed consumer expectations,”. Providing a More Convenient Payment Experience for Cryptocurrency Buyers For consumers who wish to acquire cryptocurrency using debit cards and bank transfers, FTX established a new payments arrangement with Stripe in a matter of days using the Stripe platform. The crypto exchange company intends to reduce fraud risk by using Stripe Radar, which uses machine learning models to monitor signals such as client data and billing information in order to identify fraudsters from legal consumers, among other things. A smooth onboarding and identity verification flow have also been developed by FTX with the help of Stripe Identity, which is a significant improvement over the prior identity verification procedure, which could take as long as a week. The news comes shortly after FTX’s announcement of its expansion into the European economy through its European subsidiary, FTX Europe, by partnering with Tomorrowland, one of the world’s major music festivals, to capitalize on Web3, blockchain technology, and cryptocurrency payments. Users in the European Economic Area will be able to access FTX’s innovative products, including industry-leading derivatives, options, and volatility products, tokenized stocks, and other services and products.

The post FTX Partners with Stripe for Payment Processing For Crypto appeared first on Cryptoknowmics-Crypto News and Media Platform.

t3rn: The Interoperable Smart Contract Hub

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A look at the limitations of blockchain’s irreversible transactions, from technological failures to hackers and ransom demands shows there is a lot to be desired. Reversibility is required to tackle these issues, and how it must be able to do so without jeopardizing blockchain’s merits. Introduce the solutions proposed by t3rn – and many problems [...]

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