Category: Cryptocurrency News

Following the roll-out, the platform is now welcoming Ethereum blockchain developers to build upon Nervos Network in a bid to broaden its DApp ecosystem.

Decentralized betting is taking over the world. Powered by blockchain and smart contract technologies, this new breed of online betting platforms vastly improves the quality of services provided to users. Although the online betting industry continues to expand 9% annually, if we take blockchain out of the equation, not much is being done in terms of innovation. Also, users don’t place much trust in online betting platforms, and with good reasons. There are countless stories of users receiving big prizes only to get their accounts frozen or be unable to withdraw the funds. Blockchain can help solve this issue and bring increased trust and transparency to online betting. Let’s see how exactly. Advantages of decentralized betting One of the earliest innovations in blockchain betting was the creation of the provably fair games. Probably fair is a method through which users can verify the random number generator, the algorithm responsible for creating the randomness of every bet. This algorithm is hidden in traditional online betting platforms, and users have no way to verify that the house is being fair. Later on, with the advent of Ethereum and smart contracts, further transparency was added. Any bet made is now written into a smart contract, making it so all transactions can be seen and verified on the blockchain. The whole betting system is made trustless, effectively eliminating the need for middlemen and cutting down on costs for users. Blockchain also helps enhance security. In decentralized betting platforms, users keep funds in wallets which they have complete control over. Problems like geoblocking are also circumvented since there is no central server, but rather a collection of nodes spread around the world that keep the network online. Users can also maintain their anonymity and financial privacy, as they won’t be required to share personal information or verify their identities. Another exciting use case, made possible by smart contracts, is the ability for users to create bets under their own terms and have others participate (P2P). In short, the house is not at the center of betting anymore. Blockchain reshaping the betting industry The betting industry is monopolized by a small number of companies, which keep the cost of betting relatively high due to restrictive legislation and substantial fees. The barrier of entry is also a problem, as geoblocking and KYC policies keep certain users from participating. However, the disruptive potential of blockchain can help usher in a revolution. Self-regulated betting platforms can be the new face of betting, operating as decentralized autonomous organizations (DAOs) that are democratically open to everyone and can run autonomously, independent from any regulatory restrictions. About Dexsport Dexsport is an innovative project that changes the way users think about betting. The platform is a DeFi prediction platform that includes: sports betting, play-to-earn games betting, prediction market, P2P prediction on cryptocurrency rates, and NFT marketplace. The Dexsport ecosystem caters to users interested in betting and blockchain enthusiasts and investors interested in putting their money in a common liquidity pool. To learn more about Dexsport, stay updated on all our developments, visit our Website, and join us on Twitter, Instagram, LinkedIn, and Telegram Group.  

The content-based search engine built on the Cyber protocol is designed to operate with a new type of web interaction. The launch of the genesis ceremony of a bootloader network Bostrom is planned for November 5th at 13:00 GMT. Online translation will be available at cyb.io/genesis  and held at the conference Cosmoverse in Lisbon. In contrast with centralized search engines like Google, in the decentralized search engine Cyber, the links to the content are presented in the global knowledge graph where peers exchange information in a pure p2p fashion. This approach deprives traditional search engines of their power over the search results: in Web3 there will be no place for opaque search index algorithms, there will be no need for web crawlers that collect information about content changes, censorship or the vulnerabilities that are connected to the potential loss of confidentiality. “Web3 architecture assumes the links are direct to the content itself and not to the IP address or domain where the content is stored. Cyber is the response to the unfair domination of several major corporations that occupied the web searching niche. Users of the decentralized search engine will be able to search for the content by hash. After a user finds the content and it has been downloaded, the user becomes another node that distributes the content. It all resembles how Torrent networks work”, shared the team of the project Cyber. The content becomes registered in the knowledge graph of the Cyber protocol via the transaction with the Cyberlink. Unlike hyperlinks that link servers, cyberlinks are links between data. Thereupon, the transaction is validated with the Tendermint consensus algorithm and the Cyberlink is included in the knowledge graph. Every five blocks Cyber ranks the content in the knowledge graph based on the CyberRank algorithm that successfully stands against spam and Sybil attacks. To get V tokens (volts) that allow indexing the content and A tokens (ampers) for ranking, it is necessary to store for some time in the wallet the H tokens (hydrogen) which are the products of the liquid staking of the main token of the network (BOOT for Bostrom and CYB for Cyber). In that way, by having a network token, Cyber users will be able to access the knowledge graph resources and get staking income similar to the ones that are implemented in such networks as Polkadot, Cosmos, and Solana. Cyber’s mission is to create the Superintelligence.

A fraudulent statement claimed that Bitcoin Cash would be accepted at over 2,000 grocery stores in the United States.

It's not a rant, Im just really confused how things change so quickly. There was a time when people here focused more on the King, on the fundamentals, people discussed serious projects, innovations and different use cases of crypto and adoption. People used to form their own opinions from reading up on projects, not braindead…
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MetaMask has played a pivotal role in onboarding millions of new users to the cryptocurrency and decentralized finance markets.

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StackSwap’s plans to launch the first decentralized exchange on the Bitcoin network just finished their first private round. After raising $1.3 million, with a leading investment from the Stacks Foundation, and major international investors such as HashKey, Genesis Block Ventures (GBV), and SOSV, the project is set to launch in November. The partners were drawn to the initiative due to their common vision of making Stackswap the biggest decentralized exchange deployed on top of the Bitcoin network. The platform will be powered by the Stack Protocol and its Stack PoX mechanism to operate with a direct connection to the Bitcoin blockchain. Conceived to run as a second layer solution using Bitcoin as layer 1, the Stacks mainnet will introduce smart contracts functionalities to BTC expanding its utility and use cases. Unlike other DeFi projects, Stackswap’s DEX will leverage Bitcoin for its true decentralization and security. Thus, it will provide users with a unique platform that will hold 1:1 parity to the underlying blockchain via Stack’s PoX consensus mechanism. Upon its launch, the Stack Protocol will host the world’s first Bitcoin DEX by combining the advantages of both networks. This is poised to transform the DeFi sector, where Ethereum, Solana, Binance Smart Chain, and other blockchains have maintained a predominant position. Now, Bitcoin can leverage for the users for an innovative use case and to transcend BTC’s traditional use as collateral in the form of synthetic versions known as Wrapped Bitcoin. The surge of Stackswap and its Bitcoin DEX marks the beginning of a new stage for the network. Already the dominant asset in the crypto market, the benchmark crypto and its ecosystem could disrupt the DeFi sector with the Stack power DEX and take the network to the next level. Sharing the excitement of bringing DeFi functionalities to the Bitcoin network, Stackswap’s team gave the following statement: We are very happy that Stackswap will be able to engage with a wider scope of audience and institutions on our new trading platform through this investment. We have a very competent global team of professional developers who have researched and have had extensive experience with the DeFi and related systems for a long time. Stackswap Brings The Know And The Innovative For Bitcoin DeFi The DEX will support the features that made Uniswap one of the most popular platforms in the Ethereum DeFi. Users will be able to trade tokens and do liquidity mining on their favorite assets. In addition, the DEX running on Bitcoin will offer new features. Stackswap will offer entrepreneurs a Launchpad to create and deploy their own tokens, create liquidity pools, and execute PoXL mining with a never-before-seen Bitcoin-based reward payment system on an easy-to-use interface that removes the friction associated with this process. Much of the code and manual work needed to launch a project on a blockchain has been automatized. Therefore, any team looking to get a start on a project will have an accessible entry further boosting the growth of the Stacks Protocol and Bitcoin ecosystem. On top of that, entrepreneurs will have access to financial support via the Launchpad’s automated mechanism which allows the platform’s VC partners to quickly review and invest in a project. How Stackswap Will Usher A New Wave Of Adoption For Bitcoin The Stacks Protocol and the Stackswap launchpad already host many initiatives, such as the Stacks Accelerator. Backed by prominent Bitcoin Maximalist looking to implement DeFi capabilities into Bitcoin. Another major partnership was consolidated with the city of Miami to launch MiamiCoin. A project aimed at bringing a fresh revenue stream for the city without having to excerpt pressure on its citizens. Stackswap has been backed by major investment firms besides the ones that supported it in its private rounds, such as Coinbase Ventures and Winklevoss Capital. As the first project greenlighted by the U.S. SEC for a token sale, the Stacks Protocol enjoys vast legitimacy. With an estimated value of $100 billion at its peaked and high institutional demand, the DeFi sector is one of the hottest trends in the crypto space. By deploying the first DEX on Bitcoin, Stackswap will open an uncharted track for the ecosystem to reach the mainstream and potentially perceive a new wave of adoption.  

I'll be straight up, I'm in this to get rich, to afford my own home for my family, I invested a bit in the bull market of Dec 2017, and just sort of HODL'd and forgot about it. My gains have x2 but I only put in a tiny bit to begin with. I see…
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Authorities in Kazakhstan have introduced restrictions on the amounts of cryptocurrency retail investors can buy on local exchanges. Officials explained the decision citing the need to protect private individuals from exposure to the risks associated with digital financial assets. Investors in Kazakhstan Can Buy up to $1,000 in Crypto a Month Without Declaring Income Kazakhstan […]