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Worldcoin aims to establish a global "proof of personhood" system using custom biometric hardware, as outlined in its newly released whitepaper. (Read More)
As Q3 of 2023 is near completion, something huge awaits in Q4 from the hardware crypto wallet company. From the
Singapore’s de facto central bank- The Monetary Authority of Singapore [MAS] today released a whitepaper that suggests a standard protocol to lay out the requirements for the use of digital currency like CBDCs, tokenized bank deposits, and stablecoins on a distributed ledger. It allows senders to establish restrictions like the duration of the validity period and […]
The pilot "eAUD" program is unique in that the Reserve Bank of Australia has not proposed use cases, and has received numerous suggestions from the industry.
Since people are once again talking about self-custody as one of crypto’s unique strengths, I would like to remind everyone about an equally important fundamental value proposition of crypto that, in the early days, was touted as the killer feature. I’m talking about censorship resistance. The following opinion editorial was written by Bitcoin.com CEO Dennis
The post Don’t Forget the Importance of Censorship Resistance appeared first on BTC Ethereum Crypto Currency Blog.
This is the Do Kwon interview everyone was waiting for. In the latest episode of Laura Shin’s Unchained Podcast, titled ‘It Was Never Really About Money or Fame or Success’, the Terra creator faces serious scrutiny. Do Kwon denounces media misinformation, denies several serious charges and gives a play-by-play explanation of the organization’s movements during the crash. And he sweats bullets. Related Reading: Terra Reacts To Case Against Do Kwon, Claims Matter Is Highly Politicized Laura Shin did her homework, and relentlessly puts forward the questions most Terra investors have. She does this in a non-threatening, extremely professional way. Do Kwon answers all of her questions. Some better than others, but the man does show his face and answers, which is a lot. Compassionately, Laura Shin also gives Do Kwon a second opportunity to say sorry to Terra’s affected investors and their families. He would’ve come across much worse if she hadn’t offered that second chance. The episode’s intro says: “Do Kwon, cofounder of Terraform Labs, discusses the charges against him, gives a message to Terra victims, answers allegations about potential fraud and non-transparent business practices.” This is the video: This Do Kwon interview is one for the books, everybody interested in the subject should watch it. Let’s bring out the bullet points and analyze this phenomenal piece of media. Do Kwon On His Location And “On The Run” Status He claims he doesn’t live in South Korea anymore and he’s not planning to return to face the alleged charges. He plans to appeal, though. Do Kwon hasn’t seen a copy of the arrest warrant. Apparently, cryptocurrencies are securities in South Korea. His team has been cooperating with South Korean authorities, fulfilling the court requests for different documents. Do Kwon refuses to reveal his current location because of the difficulties it brings to his living situation. He denies he’s on the run. He denied frozen funds at the KuCoin and OKX exchanges belong to him, Terraform Labs, or the LFG foundation. The most important news Do Kwon reveals, though, is that the organization is working with a chain analysis firm to produce a paper on their trading activities. “They should be publishing a report shortly, which I think is going to provide a lot more clarity,” he said. Do Kwon promised the report in “the next couple of weeks.” LUNA price chart on Kraken | Source: LUNA/USD on TradingView.com Terra Was a Failure But It Was Not A Scam Do Kwon claims that his online persona was an alter ego and confesses that he got carried away with the “sh*tposting.” Terra’s failure was caused by the protocol’s “weakness to respond to the cruelty of the markets.” He admits to a lot of technical and theoretical mistakes but denies Terra was a scam. Do Kwon claims that the Anchor developers/ whistleblowers that came forward denouncing the protocol were only interns. Not a line of their code appears in the final product, and this is apparent in GitHub. Admits to the SDT premine of $1.4B. This was a second stablecoin that the Terra organization used to maintain the UST peg to the dollar. This stablecoin wasn’t even mentioned in the Terra whitepaper. According to Do Kwon, this was because they hadn’t conceived SDT when they wrote it. He claims Terra’s is an “academic whitepaper” and wasn’t supposed to cover all of the technologies’ use cases. Do Kwon admits they were using market operations to maintain the UST peg to the dollar. In fact, he says this was always the idea. The burning and minting of LUNA was not the only procedure that was supposed to maintain the peg. Do Kwon And The Other Admissions Apparently, Terra and Chai haven’t been working together for a long time. When asked about faking Chai’s numbers and interactions registered in the Terra blockchain, Do Kwon said that the numbers came from Chai. According to him, they were probably “distancing themselves” from the Terra situation but still using the blockchain. Related Reading: Do Kwon Statement: A Possible Trigger For Terra Tokens Price Surge When asked about his participation in Basis Cash, a failed algorithmic stablecoin, Do Kwon distanced himself from the situation. He was just founding the team, but had nothing to do with the actual project. “Basis Cash is not something that I designed or operated. It’s something that I encouraged,” Do Kwon said. When asked about if he was planning to compensate Terra investors from his own pocket, Do Kwon said, “my personal funds are not significant enough to make a difference.” He still believes the world needs to work towards a decentralized future and that we need censorship-resistant money. As for his future plans, Do Kwon says he plans to continue building “highly experimental” projects in the crypto space. Featured Image: Do Kwon and Laura Shin, screenshot from the video interview | Charts by TradingView
The ATOM 2.0 whitepaper was released on September 26, 2022, that outlined numerous new changes to the tokenomics as well as additional features for the Cosmos (ATOM/USD) Network.
Cosmos is an ecosystem of interoperable and sovereign blockchain applications and services, while ATOM is the cryptocurrency that powers an entire ecosystem of blockchains, which are purpose-built to scale and interoperate with one another.
The ATOM 2.0 whitepaper release as a catalyst for growthIn the latest Cosmos news, one of the most highly-anticipated updates within the Cosmos ecosystem, known as the ATOM 2.0 whitepaper, was released following a series of speeches from the co-founder of Cosmos, Ethan Buchman, the co-founder of Osmosis, Sunny Aggrawal, and the co-founder of Iqlusion, Zaki Manian at Cosmoverse.
This 27-page document which is titled “The Cosmos Hub,” was penned by Buchman, Manian as well as eight other figures within the community.
It outlines new tokenomics, as well as a suggestion for the implementation of multiple new features across the broader ecosystem.
The monetary policy proposed here is in two steps; a 36-month-long transitional phase will be introduced.
Here, 10 million ATOM would get issued on a monthly basis, and the issuance rate would then decrease until reaching emissions of 300,000 ATOM per month, which would bring the inflation rate down to 0.1%.
The three new features include The Interchain Scheduler, The Interchain Allocator, and the Governance stack as well.
Should you buy Cosmos (ATOM)?On September 27, 2022, Cosmos (ATOM) had a value of $14.337.
ATOM/USD Chart By TradingView.
The all-time high of the Cosmos (ATOM) cryptocurrency was on January 17, 2022, when it reached a value of $44.45. Here we can see that at its ATH, the token was trading $30.113 higher in value or by 210%.
When we go over its weekly performance, Cosmos (ATOM) had its low point at $13.15, while its high point was at $15.50. Here, we can see an increase of $2.35 or 18%.
Its 24-hour performance is also similar, with a low point at $13.82 and a high point at $14.81. This marks an increase of $0.99 or 7%.
Looking at the chart, we can see that Cosmos (ATOM) started April at a value of $31.87 and gradually decreased to $18.08 and $14.33.
With this in mind, investors might want to buy ATOM at $14.337, as with the whitepaper and recent developments, it can climb to a value of $18 by the end of October 2022.
The post Should you buy ATOM as Cosmos Hub released the ATOM 2.0 whitepaper? appeared first on Invezz.
The comments come as Ethereum and Cardano are soon undergoing significant upgrades, while Bitcoin has remained largely unaltered.
Adam Back and Balaji Srinivasan discuss global Bitcoin adoption and the rate at which it is accelerating at a pace faster than many people expected.
Kaafila task will get continuous exertion from Users and Team Members, which will make pay from items/administrations purchased by Clients/Advertisers. Furthermore the Users and Colleagues will be compensated/made up for their work in KFL tokens. Kaafila task will work on not-revenue driven model, and the total compensation toward the end of every year will be … Continue reading Project Economics of Kaafila
Designers are going to decentralized capacity as a method for staying away from control, server blackouts, and hacks. With decentralized frameworks, associations can progressively view as the most proficient pathway through the Internet and course around blockage or harm. The Algorand blockchain gives a decentralized, versatile and secure convention making it an amazing medium to … Continue reading Kaafila ‘ s view about system security
Mechanically, the Proof-of-Work blockchain isn’t appropriate for dealing with conditional frameworks (high recurrence and volume of information). Kaafila has tried the square chain-as it were arrangement and viewed it as excessively exorbitant, excessively lethargic, and to have an absence of protection in putting away decoding keys – and that is the reason we utilize a … Continue reading Know about the Technology & System Architecture of Kaafila
Following are our undertaking objectives for the initial 4 years, from June 2021 to June 2025. These objectives resemble sub-projects that will be subsidized by Kaafila (KFL) tokens. 1. Center Education for Children old enough 5 to 15: 20+ courses in Math, Science, English, with no less than 10 free courses with testaments. Similar courses … Continue reading Project Goals of Kaafila …
Focus in on Useful Content — better to have not many helpful recordings than large number of recordings that don’t help watchers in their day to day existence or profession. ? Give free what you got free — the vast majority of our courses will be free, including tests also affirmation. There will likewise be … Continue reading Core Principles & Values of Kaafila
While the advantages of internet promoting incorporate the capacity to contact an enormous crowd, and the capacity to gauge brings about constant, internet promoting at present likewise has a few drawbacks/impediments as follows: Customers Ignore Ads (immersed with tedious promotions), Expensive Ad Prices (for authentic client fragments), Too Many Ad Options (for distinctive promotion areas … Continue reading Kaafila’s concerns and lookouts towards the needs of Advertisers
Clients need reasonable choices for learning and professional success, which Kaafila points to propose through free courses including tests and accreditation. Clients need a basic interface to get to content, and save top choices in promptly accessible records. Clients will likewise require agreeableness for the courses and declarations they procure from Kaafila. Along these lines, … Continue reading Kaafila’s concerns and lookouts towards the needs of users
On other video stages, content makers require roughly 1,000,000 perspectives to produce a good pay, or need 1000 supporters or 4000 hours of watch time with recent months to be qualified for promotion and procuring from it, however we will permit adaptation right from the principal content (in case the substance is agreeable with rules). … Continue reading Know about Kaafila’s flexibility about their need of content providers…
Kaafila is another media and schooling project fabricated utilizing blockchain innovation. Kaafila has fostered another video sharing stage, utilizing which Kaafila intends to give valuable content and learning assets, alongside free tests and affirmations, to a wide reach of clients of various age gatherings. Kaafila’s maxim is: Knowledge for Lifetime. Over the next 10-20 years, … Continue reading Know about the vision of Kaafila…
Kaafila is a media and training stage, fabricated utilizing blockchain innovation. At the center is another video sharing stage, which will empower Kaafila to give helpful substance also, learning assets, including a wide scope of free courses with tests and confirmations, to Users of various adapting needs, foundations, and age gatherings. The attention is on offering different learning assets … Continue reading About Kaafila
The first product of the Bitcoin-focused TBD will be tbDEX. A decentralized exchange that they deem “A Liquidity Protocol” in the recently released whitepaper. The Bitcoin network is permissionless, anyone with an Internet connection can jump in at any time. However, the Fiat world we live in is not. The banking system has endless requirements for participation, and those leave a high percentage of the population bankless and vulnerable. “We believe that the economy should be inclusive. We need to build on-ramps to this future where everyone can access and participate in the economy,” says TBD in the post that announces tbDEX. Related Reading | Jack Dorsey: Square Could Build Bitcoin Mining System A subsidiary of Jack Dorsey’s Square, they created TBD “with the sole goal of making it easy to create non-custodial, permissionless, and decentralized financial services” for Bitcoin. And now, they have a plan. What Is TBD ‘s Value Proposition? The tbDEX aims “to build bridges between the fiat and cryptocurrency worlds,” that much is clear. We still live in a Fiat world and, if Bitcoin is going to succeed, we need new, simpler, and cheaper ways to interact with said world. “There are serious challenges to realizing this vision. Fiat rails are regulated, and no interface with either the traditional monetary system or “real world” can be completely trustless.” So, what solution does TBD proposes? The tbDEX will allow participants to interact and transact with each other like Bisq and similar projects. However, TBD will also let users “mutually and voluntarily rely on trusted third-parties to vouch for the counterparty.” In the whitepaper itself, TBD contemplates that Participating Financial Institutions or PFIs will be part of the network. “PFIs can be, but are not limited to, fintech companies, regional banks, large institutional banks, or other financial institutions; PFIs have access to fiat payment systems and the ability to facilitate fiat payments in exchange for tokenized cryptocurrency assets or vice versa.” The tbDEX will provide financial institutions with tools for KYC and AML procedures: “The protocol will also carry the required regulatory-clearing information required by PFIs to conduct their AML and KYC checks before they provision liquidity to the wallet owner. However, the necessary information may vary based on the jurisdiction.” Wait a minute… a decentralized exchange that requires KYC? What would be the point of that? Well, the protocol doesn’t require KYC procedures, but some institutions might. The good news is, participants don’t have to deal with those institutions if they don’t want to. They can just interact with each other and establish trust in other ways. BTC price chart for 11/20/2021 on FX | Source: BTC/USD on TradingView.com The Cost Of Anonymity This is where it gets interesting. According to the whitepaper: “The tbDEX protocol facilitates decentralized networks of exchange between assets by providing a framework for establishing social trust, utilizing decentralized identity (DID) and verifiable credentials (VCs) to establish the provenance of identity in the real world.” It’s important to notice that “the protocol itself neither collects nor records any personally identifiable information.” However, if a participant wants anonymity it’s his or her responsibility to optimize for it. Once again, the whitepaper: “Our goal is not to maintain anonymity of transactions at all costs. Nor is it to undermine an individual’s ability to optimize for anonymity. Nothing in principle precludes anonymous transactions for financial privacy on the tbDEX network. A PFI could, in principle, require no VCs, but such transactions would represent a high degree of risk to the counterparties.” To assume that risk costs money. It’s as simple as that. The announcement post puts it nicely. “Transaction costs are ultimately driven by risk. At maximum anonymity, transaction costs will necessarily be higher; at maximum disclosure, they should be lower. This approach to price discovery allows the marketplace to find the right balance.” Related Reading | Is Hyperinflation Inevitable? Jack Dorsey Says It’ll “Change Everything” If You Have A Suggestion, Send It To TBD The whitepaper is a rough outline of that tbDEX will eventually be. “This initial draft of the whitepaper is meant to establish a conceptual understanding of the high-level design of the proposed tbDEX protocol. It should not be considered complete or final. It represents a proposed design for public comment.” If you have any suggestions, contact TBD via Twitter or send them a pull request on GitHub. Featured Image: tbDEX diagram from the whitepaper | Charts by TradingView
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