Hey everyone, I'm super excited about L2 solutions, I have been a Polygon user for a few months already and implemented an Optimism bridge myself during Scaling Ethereum ETHGlobal hackathon. My concern is that for most users using Ethereum is complex enough, my non technical friends have a hard time understanding how to use Metamask…
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The cryptocurrency ecosystem has grown significantly over the last few years. However, the use of digital assets is only limited to tech-savvy individuals, especially from countries where cryptocurrencies are gaining more mainstream attention and status. For most of the world’s population, the concept of digital currencies seems a bit far-fetched, primarily due to the lack of awareness, region-specific regulations, and the complications of registering a trading account and entering the ecosystem. Orion Protocol, built on the most advanced liquidity aggregator ever developed, aims to lower crypto’s entry barriers, empowering the global population to participate in the 21st-century financial revolution. The Orion team has recently unveiled its fully decentralized automated market-maker (AMM) solution that aggregates the liquidity of centralized exchanges (CEXs), decentralized exchanges (DEXs), and swap pools in a unified platform titled Orion Pool. Overcoming The Hurdles of CEXs And DEXs Although centralized exchanges have played a critical role as the entryway to the expanding universe of cryptocurrencies, increased scrutiny from government and financial regulators has severely impacted its reach and potential footprint. Due to this reality, almost every CEX has been forced to tighten onboarding processes, which has increased the registration complications for the average user. Between multiple KYC and AML verifications to weeks waiting for approval, users find it challenging to enter the crypto ecosystem. Leading CEXs like Binance have come under the radar of financial regulators, primarily due to their more lax internal controls, which have drawn the ire of enforcement officials. A ruling by the Financial Conduct Authority (FCA), wherein Binance faced orders to stop operating in the UK, is one of the most recent examples of the ongoing regulatory crackdown. And to add to the complications, signing up for an account on a centralized exchange has now become a painfully exhausting process. CEXs pose another inherent problem: users give up authority over their digital assets, which is critical for custody-oriented users who value sole control over their private keys. Decentralized exchanges (DEXs) established themselves as a genuine solution, overcoming the problems presented by CEXs. These platforms allow users to keep complete control over their wallets and private keys. Compared to CEXs, DEXs don’t need users to undergo complex AML and KYC verifications, which is a relief for the majority of the new users. However, DEXs come with their own obstacles, including complicated user interfaces, no support for fiat currencies, and liquidity shortages. As the first and only solution to these problems of CEXs and DEXs, Orion Protocol offers users global and decentralized access to every CEX, DEX, and swap pool in the crypto ecosystem, that too from a single user interface. Constructed on top of Binance Smart Chain and Ethereum, Orion Protocol, via its proprietary Orion Pool and Orion Terminal, surmounts the complications of region-specific regulations. Users from all corners of the globe can seamlessly access leading exchanges like Binance and KuCoin without geographical restrictions or regulatory limitations. Powered by the ORN token and the Delegated Proof of Broker governance mechanism, Orion allows users to trade across both CEXs and DEXs, as well as swap pools, without the need to create several accounts. The platform has partnered with pre-verified traders and exchanges, who trade on behalf of the users, thus eliminating the need for users to undergo multiple verifications. The platform addresses the considerable concerns hampering more widespread cryptocurrency adoption while lowering the risks and complications associated with using multiple exchanges, enabling the global population to begin their crypto trading journey.
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Russian investors now look at digital financial assets as an investment tool rather than just a “hype product,” AFD head Evgeny Masharov said.
It seems that the next paradigm shift is making its presence known, and that is the tilt from centralized cloud computing to decentralized blockchains. With the advent of the coronavirus pandemic, cloud computing is presently enabling remote working experiences for many as a distributed team can access and leverage on a unified work platform. Decentralized cloud computing: what you need to know on aelf (ELF) Presently, there is growing knowledge that a more decentralized cloud computing methodology could be a catalyst for enterprise business transformation. For instance, on the aelf blockchain, which represents a decentralized cloud computing platform, organizations can utilize aelf in multiple business scenarios as it offers blockchain empowered economic models to stimulate their members. aelf’s developing decentralized media platform stores information away in a blockchain buttressed anonymous system to protect media workers from certain pressures, thus reducing privacy concerns. The platform also remains compliant with security certifications that reassure property protection. On August 20th, China Electronics Technology Standardization Institute (CESI) provided accreditation on aelf Enterprise in its reliability, performance, and functionality. What is aelf (ELF)? Earlier stated, aelf is a decentralized cloud computing blockchain platform. It represents a real Layer 2 solution different from any other projects currently as it allows NFT to circulate between the Ethereum and the aelf ecosystem. ELF refers to the main token on the aelf platform, used for transaction fees, side-chain index fees, production nodes deposits, voting, and block rewards. To expedite aelf’s integration with multiple business use cases, aelf enterprise is tasked to meet the requirements of different industries ranging from supply chain management, credit scoring, user incentives, and property protection. The aelf Enterprise lays the foundation for aelf mainnet token swap slated for September 2021. Growth prospects for aelf (ELF) aelf represents a big shift in decentralized computing based on three factors: Affordability, Scalability, Interoperability. First, aelf’s service fee is fixed at $0.1 regardless so that users could enjoy its high performance at a low price. Second, aelf innovated on its multi-sidechain systematic structure as well as its cross-chain collaboration mechanism, enabling unlimited scalability to solve today’s most pressing issues and to promote the future digital economy. Courtesy: Coinmetrics Third, aelf versatile oracle could help retrieve data or digital assets and transfer them between projects, thus offering the highest degree of freedom to its users (cross-chain function). Based on the cross-chain technology of the main chain index and verification mechanisms, aelf achieves efficient and secure communication between the main chain and all side chains, and as a result, allows direct interoperability between side chains. Through offering opportunities related to NFTs, one of the hottest sectors in the crypto space, aelf is well-positioned to continue to attract new users and maintain a high level of on-chain activity. Right now, ELF is changing hands at around $0.45. Having rebounded off strongly from MA 200 barrier at $0.30 in August, aelf is looking to push upwards further. Bullish bets on the ELF price range are within $0.76 and $1 by the end of 2021. About the Author: Tomiwabold Olajide is a forex trader and cryptocurrency analyst. A technical analyst, as well as an experienced fund manager, he has also co-authored several books on Forex trading. Tomiwabold pays great attention to cryptocurrency research, conducting a comprehensive price analysis and exchanging predictions of estimated market trends. He studied at the University of Lagos. Image by Free-Photos from Pixabay
Hello, I understand well that on ETH, invalid shares are usually do to unstably high memory overclocks. Since my memory overclocks are lower on RVN, it seems more likely invalids are caused by an unstably high core clock due to a low power limit. Is this usually the case? Haven't been able to find any…
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The Seychelles Police Financial Crime Investigation Unit (FCIU) recently confirmed receiving a request for an investigation into several transactions linked to the transfer of 230,000 bitcoins. The cryptocurrency is said to be associated with pyramid scam Onecoin. Onecoin Loot in Dubai Besides investigating the transfer of the crypto assets, the probe is expected to examine […]
