Category: Cryptocurrency News

Any possibility to so now and not wait for mainnet launch? How safe it is in comparison with well established cex-es? Can they rug if they decide? submitted by /u/autum88 [link] [comments]

Solana will host its first major conference, Breakpoint, in Lisbon this November 7-10. Breakpoint will be attended by a long list of big names in crypto who will be leading panels in three different conference locations on the future of Solana, DeFi, and NFTs. Speakers at the event will include Balaji S. Srinivasan, former CTO of Coinbase and General Partner at a16z, Jeremy Allaire, Co-Founder, Chairman, and CEO of Circle, Sam Bankman-Fried, CEO of FTX and Alameda Research, Anatoly Yakovenko, CEO and Founder of Solana Labs, Raj Gokal, COO and Co-Founder of Solana Labs, and Meltem Demirors, Chief Strategy Officer of Coinshares, among many others. The Solana network, which currently boasts the highest throughput for any public blockchain (65,000 TPS), has also invited key members of its ecosystem to learn from each other and network during the conference’s packed agenda. Over the course of three days, some of Solana’s best developers will be meeting at Breakpoint’s Developer track venue, SUD Lisboa, to hold workshops beside Lisbon’s beautiful Tagus river. Breakpoint Kicks Off with Dev Workshop from Seasoned Pro One of Breakpoint’s first workshop slots, titled Maintaining Global State in Solana, will address an important issue for successfully running smart contracts on Solana. The workshop will be led by Hubble Protocol’s project lead, Marius Ciubotariu, a veteran programmer who spent eight years developing FinTech solutions in Bloomberg LP’s London office. About his experience at Bloomberg, Ciubotariu shared, “I was writing code to price exotic derivative products using Monte Carlo simulations in C++, built the derivatives lifecycle engine using OCaml (a functional language sharing a lot of similarities with Rust), and acted as a Tech Rep advocating for internal usage of Rust and OCaml and building infrastructure libraries in Rust and OCaml for the Bloomberg devs to use.” Ciubotariu found his way to the Solana community by participating in Solana’s first hackathon, Season. During the hackathon, he single-handedly coded the Rust smart contracts for ZeroInterest, a project that gained acclaim from the press and received an honorable mention from the hackathon’s judges. In It For The Tech: Why Ciubotariu Launched Hubble on Solana After parting ways with ZeroInterest, Ciubotariu decided he wasn’t finished with DeFi. After giving it much consideration, he tendered his resignation with Bloomberg to pursue DeFi full-time and founded Hubble Protocol on Solana. Ciubotariu explained that he found working with Rust on Solana made more sense than building a DeFi protocol on any other network for several reasons. “Rust and Solana have a similar philosophy when it comes to running things in parallel, both of them having learned the lesson from years of computer science research,” he said. “For example, Rust does not allow the programmer to run a computation in parallel—eight cores, for example—that would modify the same piece of memory without a locking system. In the same fashion, Solana does not allow transactions to be run in parallel if they touch the same account IDs. That’s in stark contrast with Ethereum, which does not parallelize any transaction at all.” Ciubotariu went on to say that, “Solana’s Sealevel runtime knows what accounts will be affected by what transaction, allowing for non-overlapping transactions to execute in parallel. Since most users or contracts are pretty independent of each other, you have a chain that runs thousands of transactions per second without any conflict or threat to safety or performance. This is one of the core eight innovations Solana has pioneered that make its network an outstanding home for DeFi.” About Hubble Protocol: Building the Future of DeFi on Solana Hubble Protocol aims to become a leading provider for the next generation of DeFi services that will leverage Solana’s high latency and low costs for the benefit of its users. Ciubotariu hopes to combine Solana’s powerful speed with his years of experience coding Rust and other languages for Bloomberg to create truly useful and sustainable DeFi products the whole world can use one day. Hubble will begin its mission to bolster DeFi on Solana by developing a crypto borrowing platform that allows users to yield interest on collateral deposits of multiple assets like SOL, BTC, and ETH. Hubble will be a zero-interest platform for borrowing, and users will be able to mint USDH, Hubble’s stablecoin pegged 1:1 with USD, for a low one-time fee of 0.5%. As a fee-sharing protocol, Hubble distributes nearly 100% of the fees collected by its services to users who stake HBB, Hubble’s native token, on the platform. A small percentage of these fees are returned to the protocol for maintenance and development, but the lion’s share is returned to Hubble’s DeFi community. In Phase 2 of the protocol’s roadmap, Hubble will begin providing Solana’s DeFi community access to structured products, which its project lead, Ciubotariu, spent years developing during his time with Bloomberg. After that, in Phase 3, Hubble will focus on developing undercollateralized lending services, which could become a revolutionary service that attracts more mainstream attention to DeFi in the future. Captained by a project lead with years of experience coding financial products for Bloomberg, it will be interesting to see what innovative services Hubble will introduce to Solana’s blooming DeFi ecosystem as it powers through the future phases of its roadmap.  

anybody concerned about all these L2 and how they will affect user experience? Ofc when we get sharding will fees go down on L1 and stuff, but i believe sharding to be atleast 1,5 years away. submitted by /u/Naapurinpoika123 [link] [comments]

PRESS RELEASE. Dubai, UAE, 5th November 2021 — Mintverse, a new and improved NFT service platform, closes their seed round raising $1.5 million from private investors. Led by A&T capital, and other large investment firms including Mirana Ventures, Longling Capital, Genesis Block Ventures, FBG, Fenbushi Capital, Cipholio Ventures, Nebulas, Ceras Ventures, NDG and other individual […]

In mid September, the SEC threatened to sue Coinbase if it launches its then planned lending product. Even though there were similar services already available, the SEC targeted Coinbase due to its size and profile to send a message. Cut to today and coinbase has got a hell of a message for the SEC! Come…
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Hello guys, im a big fan of crypto.com. I use Kraken as my main exchange because they are secure and i trust them. I like the way the app is designed and the support is amazing aswell. However they lack the stacking opportunities CDC has. The main reason is im using it as a second…
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The blockchain is fast spreading its “tentacles” to different consumer sectors, and adoption is at break-neck speed. Over the last decade, the revolutionary technology has proven to be worth its weight in gold, with many applications within and beyond the world of (decentralized) finance. One of the industries getting disrupted by decentralized finance in recent times is the gaming industry. GameFi is the new buzz in the cryptocurrency industry. By bringing together DeFi, NFTs, and the practical application of blockchain technology to the gaming industry. There is currently a paradigm shift taking place as gamers move away from the traditional methods of traditional online games of “pay-to-play”/ “play-to-win” and toward the “play-to-earn” model recently introduced by GameFi. Although early GameFi projects like Axie Infinity were built on the Ethereum blockchain. Newer blockchains, such as Binance Smart Chain, aim to improve the GameFi sector even further by offering faster tps, lower transaction fees, and a better user experience. This article will look more closely at the concept of Play-to-earn and how SQUIDANOMICS– a new hold to earn, hold to play, and play-to-earn platform– is attempting to redefine the meaning of GameFi. PLAY-TO-EARN: Re-defining The Gaming industry Play-to-earn is a new concept in the gaming industry that has been made possible by introducing decentralized finance and blockchain technology. Play-to-earn is the foundation for blockchain-based games. Play-to-earn is a new gaming model that rewards players simply for actively playing games. The play-to-earn model is becoming increasingly popular. The sector now has a market cap of more than 17 billion dollars, which is a considerable accomplishment given that it is still relatively new. Axie Infinity leads the pack in the play-to-earn sector, with a market cap of more than $8 billion, accounting for nearly half of the total market cap of the play-to-earn industry. Axie Infinity has been a key player in the new wave of GameFi, with its gaming model based on play-to-earn, with 95 percent of earnings returned to players. Other GameFi projects worth mentioning include Decentraland, The Sandbox, and Illuvium, which account for a significant portion of the sector’s market cap. The industry is still in its infancy, and with its popularity growing by the day, it is no surprise that GameFi projects are currently leading in terms of user growth in Q3, and so far, so good in Q4 2021. Hold-to-earn is a new model in the cryptocurrency industry that aims to alleviate selling pressure. Using a concept known as reflection mechanism, holders of reflective tokens are automatically rewarded for simply holding, preventing the classic pump and dump mechanism, which is common in the cryptocurrency industry. Hold-to-play is another concept in which users must have a certain number of tokens to participate in any game or tournament that requires this requirement. Due to the advent of NFT technology, which allows players to genuinely own their in-game purchases and trade these digital assets in real-time on NFT marketplaces, there is currently a high demand for in-game digital assets. This opens up an entirely new path for gamers, as the value of their NFTs increases and can be traded to other gamers, making the play-to-earn model more appealing and providing additional incentives to sustain user growth. Introducing Squidanomics Several game-changing blockchain projects like Squidanomics are a breath of fresh air in GameFi and aim to incentivize the GameFi industry with its unique gaming models. Squidanomics is a novel project launched recently by a tech team of bright minds based in the United States and Canada. The project is a fan-made token that portrays a perfect blend of tokenomics and entertainment inspired by the popular South Korean survival drama TV series –Squid Game. Squidanomics is a groundbreaking innovation intended to usher in a whole new ball game to token holders. Individuals from every part of the globe can earn whopping sums of money by participating in simple and highly entertaining games. The TV-series-inspired project is a BUSD reward, a non-fungible and gaming token built on the Binance Smart Chain. It poses the most extreme and highly profitable pass known to the digital sphere. Like many modern crypto tokens, holders do not just own tokens but also receive handsome prizes across the platform. Currently, as a leading community-driven play-to-earn and hold-to-play project on the Binance Smart Chain, Squidanomics combines fun and earning into a perfect mix where gamers’ interaction is at its best. SQUID holders get a 5% BUSD reward from transactions. In addition, transaction fees are economical as the project is on the Binance Smart Chain, which bolsters profitability for users and holders alike. Squidanomics offers a safe platform for gamers and investors with a transparent framework and user-centric mode of operation–a completely different ball game in the world of GameFi. Closing Thoughts  Crypto tokens have more to offer the industry besides acting as a store of value or an alternative to other things for investors. This aspect of blockchain technology will only advance with the development of revolutionary projects. Squidanomics aims to become one of the major driving forces behind this advancement as the most rewarding token on the Binance Smart Chain.  

Microsoft has announced the launch of a metaverse-inspired feature for its Teams app called Mesh. Mesh will allow users to introduce personalized avatars in digital worlds, making meetings more immersive. The platform is being announced on the heels of Facebook’s pivot to becoming a metaverse-dedicated company, changing its name to “Meta.” Microsoft Embraces the Metaverse […]