European technology companies have undeniably entered the global stage to compete with tech made in Silicon Valley. While the United States is still home to 4 times the amount of tech companies worth more than 1 billion USD (so-called “unicorns”), Europe is catching up at speed and breeding unicorns faster than the US ever did. […]

The post Europe’s biggest report on Uni- and Soonicorns appeared first on Fintech News.

Valencia, Spain, Mar 18, 2022 - (ACN Newswire) - Two large European productions with recognized products agreed to cooperate with JuicyFields on a 'higher' scale in Denmark.

JuicyFields management is treating its cultivating partners very seriously, by providing them comprehensive support, including financial aid, experts and common development goals. Denmark has deserved even more attention from JuicyFields Group as well as its partners.

It's been over a year now since Cannabis International Aps., based in Denmark, has signed a shareholders agreement with JuicyFields and planned to develop and build new, GMP-compliant greenhouses. As of March 7th, 2022, the first agreement was expanded from 20% to 60% of shares that are now obtained by JuicyFields. The construction of the Research and Development Facilities as well as greenhouses have been in process since last year together with the necessary GACP certification that's ongoing. While the first harvests for commercial distribution are expected shortly, the company plans to produce up to 40 000 KG of dried flowers annually in the future.

Apart from that, the wholesaler agreement has been signed with the Danish Tjellesen Max Jenne regarding sale of the cannabis to intermediates and to the Danish pharmacies.

Among the other news in the first quarter of 2022, JuicyFields can feature a partnership agreement that was reached with Formula Swiss, an international leader dealing with the cannabis infused products in more than 60 countries. Both companies have now agreed on a development plan focusing on the products with the high THC content. That involves launching a new project in Denmark with a full production cycle from seed to end-user products with the highest production standards in reference to GACP and GMP resulting in the finest quality of cannabis products. The expected annual harvests may reach up to 50 000 KG according to the initial plan. The medicinal experts, doctors and clinics together with Shlomo Booklin, Chief Cannabis Strategist in JuicyFields, constitute an essential part of this Danish project.

According to CEO of JuicyFields Group - Alan Glanse, "we're planning to construct 2-3 greenhouses in each European country over the course of the next few years".

Having strong and reliable partnerships combined with the serious investors create a juicy balance in this difficult cannabis industry and provide certain assurance for the e-growers of the crowdgrowing movement.

About JuicyFields

It is recognised primarily for being the first crowdgrowing cannabis platform uniting cultivators and e-growers - supporters of the project.

Social Links:
Instagram: https://www.instagram.com/juicyfields.official/
Linkedin: https://www.linkedin.com/company/juicy-fields

Media Contact
Brand: Juicy Holdings B.V.
Contact: Fanny Skoglund, Head of Marketing
E-mail: [email protected]
Website: https://juicyfields.io/

SOURCE: Juicy Holdings B.V.

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

Tallin, Estonia, Mar 19, 2022 - (ACN Newswire) - Viblos announces the launch of its decentralized social media project. Viblos is a next-generation decentralized social platform that aims to democratize social media networks in order to help consumers and content providers to build businesses and wealth. Viblos will move this vision forward by completing the following tasks:

• Giving creators control over their own work.
• Encouraging authors to create genuine content.
• Eliminating fake news by providing a content creation and consumption system that's verifiable and transparent.
• Enacting the right to erasure, which allows users to select whether or not their content should remain on

Over the past decade, many prominent social media platforms have progressed from being basic entertainment venues to becoming a cornerstone in many communities' way of life. Today, these websites are owned by a small number of major platforms that have complete control over the internet. While these platforms undoubtedly provide a respectable service to their consumers, the benefits they provide come at an exorbitant price that most users are unaware of. This is primarily due to the fact that the vast majority of users don't actually read through all of the terms and conditions when joining a social media network. In addition to disregarding consumer privacy, the algorithms and political inclination of these platforms are skewed when it comes to ranking content.

Sharing is a fundamental human experience and the rise of social networks has provided new opportunities to do so. Because of the intimate experiences that social networks provide, their membership has exploded in the last ten years. According to DataReportal, there were 4.33 billion active social media users in the world as of 2021. This equates to more than 55 percent of the worldwide population and more than 90 per cent of active internet users. Furthermore, according to recent figures, the average user spent more than two hours and 25 minutes on social media in 2020, which is an increase compared to the two hours and 22 minutes the year before.

At the same time, mobile phones are used by around 67 per cent of the world's population, with smartphones accounting for more than 75 per cent of all mobile devices. Because most mobile phone users access these platforms through their phones, the development of mobile devices has spurred the expansion of social networks. The increasing amount of time spent on these networks has opened up new chances for advertisers and other campaigns, as well as offered useful insights into user behavior. When social networks first began, they relied heavily on advertising and sales to make money.

How Are Blockchain and Decentralization Changing Traditional Social Media?

Here are the five primary hurdles that conventional social media networks must overcome:

• Unequal monetization strategy:According to Social Media Examiner, 3,500 advertising impressions (CPM) equals a measly US$8.75 per month for the content creator Some platforms don't compensate authors at all, or worse, stop monetizing them at all, simply because they express beliefs that are contrary to the platforms' political inclination.
• Privacy concerns:While most networks allow users to select how their information is shared with third parties, this doesn't sufficiently protect the users' privacy. Weak user passwords, which hackers and organizations may readily exploit, exacerbate the situation. According to Pew Research, nearly four out of ten social media users use the same password for multiple accounts.
• Government censorship:In most countries, social networks have essentially turned into public squares, and governments are taking a variety of measures to regulate them. Some administrations have used censorship to achieve their goals. Although users can circumvent prohibitions by using virtual private networks (VPNs), certain countries have cracked down on VPN services, making access to social media information impossible. Without access to social media, users in these nations become alienated as they are unable to communicate with their peers.
• Security:Data leaked from these platforms have recently appeared on the dark web, resulting in an increase in crimes such as credential stuffing. Mainstream social networks collect data directly from users (information about themselves) and indirectly from other users when they post information about their friends. As a result, these networks end up sharing information about members which they themselves would never reveal.

In order to empower and build their enterprises, Viblos also plans to create a common thread and communication channel between celebrities and influencers and their networks. Simply put, we're a go-to platform where your wants and goals, whatever they may be, can come true. Our mantra is "one minute is enough; everything is possible within Viblos".

To find out more about Viblos, visit https://www.viblos.com/.
Twitter: https://twitter.com/Viblos_platform
Telegram: https://t.me/vibloscommunity

Media Contact
Brand: Viblos
Contact: Juan Carlos Pérez Juárez
Email: [email protected]
Website: https://www.viblos.com

SOURCE: Viblos

Copyright 2022 ACN Newswire. All rights reserved. www.acnnewswire.com

Cens World Launches as the Future Metaverse Open-World Game of the Century. Cens World is a 3D fully Metaverse game that utilises advanced technologies to bring the best experiences to players, help them live in the real world, and admire the items they have created or owned most realistically.

It's no accident that many people believe Cens World will usher in a new era of Metaverse gaming. This is a game in which all countries and territories participate in a simulation of a parallel Earth to the present. It doesn't matter which character the user is in the game. Players in Cens World will craft their own stories and give their characters personalities. As a result, the characters in Cens World are always one-of-a-kind, profound, or horrific, and they must all be owned by the player. In the realm of CENS WORLD, players have complete control over their characters' fates.

CENS WORLD is entering a new era.

CENS WORLD is a Metaverse-based environment where players can have the best gaming experiences while also earning money. Cens World, not surprisingly, is slated to usher in a new age for Metaverse gaming. This is the first Metaverse game that was founded to offer create-for-money (C2E) for creative players to earn money. CENS WORLD is a one-of-a-kind game in which the game's characters, each with their own distinct personality, tell deep, fascinating, and often odd player-created stories. "CENS WORLD," also known as "Game of the Century," with the slogan "Century - New World, New Story," provides players with ultra-natural sensations that few other games on the market can match.

In the CENS WORLD world, it doesn't matter what the characters are. They'll come to life thanks to a new set of powerful and easy-to-use creative tools included in CENS WORLD. Players join the metaverse in real-time or game time to keep the game exciting. Every day, the player will be faced with a variety of random circumstances, such as illness, inability to work, or insects ruining the farm. Including such random events in the game will add to the game's appeal while also reducing the risk of inflation.

The many features equipped, such as Bank, Farm, NFT Market, Mini-game, and Tournament, are unique in the realm of CENS WORLD. These gaming elements all give players realistic experiences akin to real-life activities, which is a unique feature created by CENS WORLD.

All of the above factors will open a new era for CENS WORLD.

Technical data

1.    Token     figures

Token name: Cens World Token.

Code: CENS.

Blockchain: BSC.

Token standard: BEP-20.

Token type: Utility token, governance token.

Total supply: 500,000,000.

2.     Token     Allocation Plan

CSR: 1%

Liquidity, listing, marketing: 20%

Partners & Advisors: 3%

Development Team: 4%

Founding Team: 10%

Ecosystem Fund: 6%

Seed Round: 5%

Private Sale: 10%

Public Sale: 1%

Create to Earn: 21%

Staking Rewards: 19%

3.     Token     release schedule

Seed Round: 9% at TGE, cliff 2 months, then over 13 months,

Private Sale: 9% at TGE, cliff 3 months, then over 13 months,

Public Sale: 100% unlocking starts from the moment the token is listed on the crypto exchange.

Create to Earn: Unlock 100% on Day 0.

Staking Rewards: Unlock 4% on Day 0, and 3% monthly for the next 32 months starting from Day 120.

Ecosystem Fund: Unlock 3% monthly for 32 months starting from Day 30, and 4% in the last month.

Founding Team: Unlock 2,75% monthly for 36 months starting Day 30, and 1% the last month.

Development Team: 4% unlocked at Day 30, then 3% monthly vesting in 32 months.

Partners & Advisors: 20% unlocked at Day 30, then 2% monthly vesting in 40 months,

Liquidity, listing, marketing: 12% unlocked at Day 0, then 8% quarterly vesting in 11 quarters.

CSR: 100% unlocking starts from the moment the token is listed on the crypto exchange.

4.     How to use the token?

4.1: Governance: Holders of CENS governance tokens will be able to vote, submit referendums, and elect council members, among other things.

4.2: Transaction Fees: Tokens can be used to pay transaction fees in the Cens World system.

4.3: Lending Charge: If a user uses CENS tokens to make transactions at the Central Bank, a fee will be added to the liquidity, raising the value of CENS tokens.

4.4: Launchpad: CENS token holders are eligible to participate in future Cens World ecosystem projects.

4.5: Rewards: Cens World, like other DeFi platforms, will have a large pool of general money to contribute. The number of CENS tokens collected from liquidity providers will be proportional to the amount of additional liquidity. In addition, CENS tokens will be awarded for marketing initiatives, prizes, listing conversions, and so forth.

Cens World is still a relatively unknown name in the Metaverse. However, due to the game's unique qualities in comparison to the current market, this is a fantastic opportunity to profit from the investment in the future.

Profits from…

• NFT & Lands: CENS WORLD sells NFTs and Lands to players who pay to make money.
• Lending: NFTs Lending Profits.
• Market fees: peer-to-peer NFT market fees.
• In-game transaction fees: shopping fees (food to survive, clothes, houses, etc.).
• Gaming commission: Mini-Game, PvP, Tournament commission.

CENS WORLD TEAM: 

The CENS WORLD ecosystem is currently run by 13 members:

• Mr. Hoang Anh: 10 years of experience in PM, Marketing & Sales at domestic technology projects. More than 7 years of experience in the VR/AR Smart Glass design field.
• Anh Hung Duong CIO: 7 years of experience in software development, AI, Machine Learning, Blockchain.
• Li Zheng Xiang Yun CFO Over 5 years working with foreign funds. More than 7 years working with Sales and Marketing department
• Trang Vu Quynh - CMO: Miss Courage & Top 10 Miss Universe Vietnam 2019 with a passion for bringing Vietnam's Fintech initiatives to the world.
• Tracy Bui - Community Manager: 4 years of experience in Community Management.
• Ngan Tran Public Relations Officer: Many years in the field of media and journalism.
• Ha Le Manh - Chief Gaming Officer: Over 10 years managing and operating 2D and 3D Game Development. Participated in the game bullets strike battlegrounds in 2016. Since 2016 have participated in many other large and small online game projects.
• Vu Phan - CTO: Over 10 years of web application experience
• Brian Dhang Blockchain Team Leader” 10 years of application experience in working on web / mobile/desktop, games as well as blockchain development.
• Sujata Gupta - Community Manager: 2 years of experience in community development.
• Firman Siburian - Community Development: 2 years of experience in community development, Marketing.
• Phu Hoang - HRM: 5 years of experience as a domestic PM in technology projects.
• Duc Hoang - Team Leader Game Artist: 5 years of experience in graphic design for Games

Join the realm of CENS WORLD as a partner or a player to see how unique the game environment on Metaverse is.

Find out more information about Cens World:

Website: https://century.luxe/

Whitepaper: https://century.luxe/white-paper-en.pdf

Twitter: https://twitter.com/CensWorldnft

Telegram: https://t.me/censworldgroup

Media Contact:

Contact Person: Baldric

Company Name: Cens World

Email: [email protected]

Website; https://century.luxe/

Subscriptions are an integral part of modern life. Digital subscriptions are increasingly common as more people get content from various subscription channels, unlike the past few decades where cable TV was the default source. Accordingly, the need to support crypto payment for Netflix and other subscription services is on the rise, even timely.

Revuto is a subscription management platform on Cardano that aims to add efficiency and control to the payment of subscriptions. They are now joining hands with Genius Yield, an equally innovative order-book DEX launching on Cardano to fast-track the adoption of DeFi services. While both protocols would support each other's ecosystem, a standout benefit would be paying for Netflix, Apple TV, Amazon, DSTV, and other subscription services using Genius Yield's GENS and other Cardano tokens. It is a vital support allowing users to take control of their spending, save money, while also earning cashback in Revuto's REVU tokens. Meanwhile, it will be possible for users to earn GENS by staking REVU via the ISPO in the Revuto Staking Center.

Streaming services can be annoying with their subscription models for all their quality content. You have probably heard a friend or relative furious over the billing policies of one of their subscriptions. The problems range from difficulties in cancellation, automatic renewal, and other communication-related issues. 

A Blockchain-Based Subscription Service

The fundamental issue with most subscriptions is that they rely on credit cards or bank payments. Once you sign up and agree to terms that most people never read, the subscription service can automatically deduct from your bank account. 

Revuto introduces the concept of a virtual debit card to grant users more control over subscription payments, allowing users to pay with Cardano and its tokens. The idea is to have a decentralized application that users can utilize to manage their subscriptions. This virtual debit card is operationalized as a decentralized application (dApp) that runs on the Cardano blockchain. 

Here is a summary of how the subscription management app will work:

• Download the Revuto app and set up an account, a straightforward process;

• Add subscriptions you intend to manage. They could range from music streaming services like Netflix, software packages, and more. 

• Once the subscriptions are linked, you can begin paying using GENS and other supported tokens.

The real prize is your ability to block, snooze, and generally control payments to your subscription service. This versatility allows the account holder to prevent unwanted subscription charges that make subscriptions more expensive than what you signed up for. Besides, you don't have to cancel the subscription when you want to snooze payments for a while before resuming.

The Cardano Blockchain Provides Base Support 

Revuto achieves its high performance because it launches from a robust layer, built from the ground up with the intention of being inherently scalable. The Cardano crypto blockchain is the handiwork of Ethereum co-founder Charles Hoskinson and a team of developers who sought to create a high-functionality and research-based network. 

Accordingly, Cardano is an excellent host for decentralized systems and applications. The rise of Decentralized Finance (DeFi) bodes well for this bespoke blockchain and its native coin, ADA. The protocol has significantly higher throughput than Ethereum, implementing a unique architecture with different settlement and computation layers. Accordingly, smart contract execution does not clash with transactions, as is the case for Ethereum.

Using Cardano blockchain, this utility has allowed an integrated decentralized hub like Genius Yield, SundaeSwap, and others to thrive. Its efficiency and increasing stature in the DeFi sector fit well with services that offer a secure and fast settlement. 

More Than Just Subscriptions Management 

Meanwhile, with Revuto in the picture, users can make payments efficiently and leverage recurring payments with REVU and get extra services for money management. Revuto received three million early sign-ups for dApp, with hundreds of thousands of users worldwide. These numbers bode well for an upcoming Fintech startup earning Revuto accolades like the award for the fastest-growing consumer product at the recent World Blockchain Summit in Dubai.

The ability to pay for your subscriptions in Cardano tokens is revolutionary. Bitcoin has struggled to gain traction as a medium of exchange for all its popularity. This utility application provides a real-world use for cryptocurrency. 

Revuto is looking to make its app a wholesome product. Soon, users will be able to exchange fiat and crypto in real-time and other decentralized finance services like lending and borrowing. Overall, the subscriptions management platform will provide a mobile-friendly and excellent decentralized finance management tool. The decision to launch on the Cardano blockchain is a testament to this vision. Revuto has a native Cardano mobile and non-custodial wallets with plans to add their custodial wallet to augment user experience.

Forecasting Growth in The Subscriptions Sector 

The world is trending online by the year. This trend is likely to manifest in the subscriptions and billing management sector, with the global market estimated to grow from about $3.9 billion today to $7.4 billion in 2027. The accelerated growth of digital streaming services is the biggest growth driver. it is the golden age for streaming with more potential in developing markets

There is excellent potential for a subscriptions management tool with such a market size. There will be tens, even hundreds of millions more people joining this demographic in the next few years. Accordingly, Revuto is entering the scene strategically for all stakeholders.

Looking Forward

Cryptocurrency and the blockchain launched on the fundamental premise that consumers need more control of their finances. This idea is relevant in countless fields. Subscriptions fall in this category because some services are downright abusive in their billing policies. Genius Yield and Revuto take the tenets of decentralization and user empowerment in these industries and seek to transform how consumers relate to subscription services. There is a great need for such services. By forming a fitting coalition, Genius Yield and Revuto will likely reap from the appreciation users will have for such convenience.

Media Contact

Company Name :- Genius Yield

Email Id :- [email protected]

Company Website :- https://www.geniusyield.co/

The BabyThoreum team is pleased to announce the release of its new project it considers as “the baby that everyone wanted.” The presale is set to start from 25^th March.

BabyThoreum Theory 

The team saw the need to grow the Thoreum project better and therefore has introduced BabyThoreum to do the job. According to the team, the “baby” was born to support the existing Thoreum and help it to “grow much stronger.”

The baby token was created in the Binance Smart Chain network and is designed to stand out from the pack. The team explained that BabyThoreum offers cryptocurrency users freedom in the cryptocurrency sector, ease of use, professionalism, and seriousness.

Tokenomics

1.     Distribution     holders

First on the list are the distribution holders. They will receive a portion of the token according to purchases and sales. The former will receive 6% of the total supply while the latter will be allocated 8%.

2.     Burning

1% of the total supply will be burned to reduce the volume of coins and circulation, thereby increasing the coin's appreciation.

3.     Marketing

Understanding the importance of marketing's role in giving the project maximum publicity and global exposure, the team will allocate 4% and 6% to purchases and sales respectively.

4.     Autoliquidity

A commission of 1% will be allocated to self-liquidity. According to the team, that is achievable as the currency is strengthened daily with less likelihood that much damage can be caused by large sales.

5.     Developers

While other projects allocate 1% to the developers, the BabyThoreum team takes a different course by not having any wallet in its name to ensure smooth and error-free distributions.

How to Buy BabyThoreum

Interested members of the cryptocurrency community are invited to purchase the $BABYTHOREUM token. The team has made it easy for prospective investors to join the train.

1.     Download     TrustWallet or MetaMask

Download the TrustWallet phone app or MetaMask, a crypto extension, and set it up. After the setup, update your network list with the Binance Smart Chain.

2.     Buy     and Send BNB

Buy BNB on any of the recognized exchanges such as Kraken, Binance, and Coinbase. After purchasing the token, send it to the MetaMask wallet address.

3.     Swap     on PancakeSwap

After transferring your token to the MetaMask wallet address, visit PancakeSwap and select BABYTHOREUM. Then set the slippage tolerance to between 15% and 18%, depending on the demand.

After swapping the BNB for BABYTHOREUM, update your TrustWallet or MetaMask with BABYTHOREUM to view your $BABYTHOREUM. Hold the token for as long as you desire.

Note that the $BABYTHOREUM presale will start on March 25, 2022.

The BabyThoreum team explained that it is more than just a token. It added that it created a platform for cryptocurrency enthusiasts to perform several crypto-related activities.

In its words, “we want to be the best and for this, we will develop numerous platforms throughout the project so that members and new people can interact with them, either by creating their own NFT exchanging currencies, and blocking the tokens in a staking to generate benefits in the short, medium, or long term.”

Social Media Handles:

Twitter: https://twitter.com/babythoreumbsc

Telegram: https://t.me/babythoreumchat

Contact Info:

Organization: Baby Thoreum

Email: [email protected]

Website: https://www.babythoreum.net/ 

The metaverse is seen as the hottest trend in crypto right now. The big…

The post Metaverse and NFT integration: Top 3 coins to consider appeared first on Coin Journal.

Lava Labs is now valued at $100 million after scoring $10 million in the latest series A funding round.

Ethereum Price Prediction – March 18 The Ethereum price prediction needs to cross above the $3000 resistance level quickly to deny the bears the opportunity [...]

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.

Crypto platform Okcoin is joining hands with the Stacks Foundation and the Stacks Accelerator to create what it’s calling the Bitcoin Odyssey, which will see $165 million put towards bitcoin adoption. Bitcoin Odyssey Will Push for the Adoption of Crypto Bitcoin is still very much in a “speculative” state. While there are several people out...

The post Introducing Bitcoin Odyssey, a Project Designed to Boost Crypto Adoption appeared first on Live Bitcoin News.

You must first purchase a wallet to store your virtual currency to use a cryptocurrency. It also has a unique address, just like a bank account. Depending on the coin, it may resemble this. It appears to be a completely random sequence of characters and numbers, but there is more to it. The first thing we need to figure out is how these things are manufactured. Anyone can create a new wallet by following a precise procedure to generate a public and private key pair. In the case of Bitcoin or Ethereum, this is accomplished by using an elliptical curve digital signature method. That’s a mouthful, but the bottom line is that the process will generate a private key and a corresponding public key. These keys are mathematically related to one another. You can use the private key to generate the public key. However, you cannot convert a public key to a private key. These two keys now have a distinct function. The public key will serve as the address for your wallet, similar to your bank account number. And the private key is your way of verifying that you own the wallet and hence have the authority to spend the money contained within it. To summarize, public keys can be shared with anybody, whereas private keys must be kept confidential unless you want others to decide what you should do with your money. So far, everything is going well. But there are a few fascinating side consequences to this approach that I’d like to mention. Why Are Crypto Wallets Important? To begin with, anyone can create an infinite number of wallets on their own computers. It is only limited by the speed with which your computer can generate key pairs. Nobody will be aware of the existence of your wallet unless it receives some coins. A cryptocurrency, after all, merely keeps track of transactions between wallets. It does not provide a complete list of all existing wallets.  So, if your newly constructed wallet has not yet been used in a transaction, it simply does not exist in the eyes of the outside world. Consider the blockchain to be a big spreadsheet with transactions flowing from one wallet to the next. The blockchain itself is unconcerned with whether or not these wallets exist. When you wish to spend coins in a wallet, you need to confirm your ownership. And you can only do so using the private key linked to the wallet’s address. Another unintended consequence is that you can send money to a wallet address that does not exist. Again, because a blockchain does not maintain a list of valid addresses, it cannot verify that you are moving coins to a valid address. If you send money to an invalid address, it will be lost unless someone can generate the private key for that address. For the time being, which isn’t really achievable due to the way the algorithm works. In fact, this is known as “coin burning,” It is occasionally done on purpose by cryptocurrency projects seeking to limit overall supply and boost the value of their coin. Alternatively, they do it to eliminate coins that were not distributed at the original coin offering. The final cool side effect I’d like to discuss is that you can construct a wallet while offline, then provide that address to someone else who will be able to send coins to it. When you go back online, you can spend the coins using the private key from that wallet. Isn’t it cool? So, if you want to keep some funds safe, you can establish a wallet while offline, print out your public and private keys, destroy the key on your computer, and transfer coins to it. This is known as a “paper wallet,” and it is the most extreme but extremely secure method of holding currency. So that was a quick rundown of how wallets function in a cryptocurrency. How do you utilize a cryptocurrency wallet? Crypto wallets range in complexity from basic apps to more advanced security solutions. Among the several types of wallets available are: Paper wallets:  This makes using your crypto more difficult, as it can only be used as digital money on the internet. Keys (Crypto) are written on a physical medium, such as paper, and stored safely. Hardware wallets: Keys are saved on a thumb-drive device kept in a secure location and are only connected to a computer when you wish to access your cryptocurrency. The idea is to find a happy medium between safety and convenience. Online wallets:  Keys are saved in an app or other software in online wallets; search for one that uses two-step encryption. This makes sending, receiving, and utilizing cryptocurrency as simple as any online bank account, payment system, or brokerage. Bottom Line … Continued

The post How Do Crypto Wallet Work? appeared first on Cryptoknowmics-Crypto News and Media Platform.