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Showing posts with the label decentralized

Bitcoiners attack Ripple after Strategic Bitcoin Reserve flop

Following Ripple’s successful political activism via Fairshake and its other Washington DC lobbying efforts, its critics are reinvigorated. After it scored a victory in Donald Trump’s executive order that deprioritized bitcoin (BTC) and emphasized stablecoins like Ripple USD, Bitcoiners have focused their vitriol on the billionaire-led company for allegedly derailing plans for a US National Strategic Bitcoin Reserve. Leading the attack is Riot Platforms’ Pierre Rochard, a Bitcoin maximalist. Leading the defense is Ripple CTO David Schwartz, who has fired back against Rochard’s claims that the XRP Ledger (XRPL) blockchain is centralized. Behind them, thousands of the communities’ supporters are rallying support for their causes. For example, Rochard retweeted a thread describing XRPL as being centrally administered by Ripple Labs. The thread highlights a legal notice from Ripple asserting that it and its logo are trademarked. Rochard went on to make the case that XRP is...

Exploring Virtual Realities in Web3

Web3 is redefining the concept of virtual realities, blending immersive experiences with decentralized technologies. In this new digital landscape, users engage in virtual worlds powered by blockchain, which enhances ownership, authenticity, and interactivity. Decentralized platforms enable users to create, buy, and sell digital assets, such as virtual real estate and in-game items, using non-fungible tokens (NFTs). This ownership model empowers creators and players, fostering a vibrant economy where users have true stakes in their virtual environments. Virtual reality (VR) and augmented reality (AR) applications in Web3 provide unique social experiences. Users can interact, collaborate, and participate in events in immersive settings, breaking geographical barriers. Projects like Decentraland and The Sandbox showcase how these platforms create user-generated content and communities, driven by blockchain’s transparency and security. Moreover, Web3’s emphasis on privacy and u...

Bybit to hosts the initial decentralized exchange offering for Slash Vision Labs

Bybit, a leading cryptocurrency trading platform, is set to host the Initial Decentralized Exchange Offering (IDO) for Slash Vision Labs (SVL), a decentralized payment protocol aimed at both merchants and consumers. The IDO will conclude with the SVL token being listed on the Bybit spot exchange on April 29, 2024, at 10am UTC. How to take part in the Bybit DEX offering? To take part in the IDO, users need to have a Bybit Wallet with at least 300 USD Coin (USDC) on the MANTLE Chain and register between April 22, 10am UTC, and April 26, 10am UTC.  Picks for you SEC to deny Ethereum ETFs next month; Here’s why 1 hour ago What’s happening with Pakistani Rupee vs. Dollar (USD/PKR)? 1 hour ago XRP set for $4 by July if it emulates 2021 action 1 hour ago Why is gold valuable? Insights into its unshakeable market status 2 hours ago Bybit will conduct up to three daily snapshots during this period to determine users eligibility. The IDO will off...

MOLLARS presale ongoing, project building a decentralized store of value ecosystem

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The initial coin offering for MOLLARS, a store of value token on Ethereum (ETH), is now live.    Designed to serve as the new “Bitcoin (BTC)” of the ERC-20 and Ethereum community, crypto traders have already purchased 0.07% of the total supply of MOLLARS allocated.   What This New ERC-20 Token Is About Molars is a fully decentralized , community-driven project , designed as a store of value token for the Ethereum ecosystem . It aims to become the “Bitcoin of Ethereum’s blockchain” with no owner and no tokens being held by developers, just as Satoshi is believed to have done with Bitcoin. You might also like: Elastos’ token ELA jumps 100% following Bitcoin layer-2 announcement The ongoing token presale is to raise funds from the community to build technology, market, and launch a single web3 product that will be a...

Layer-2 network to launch a decentralized sequencer pool

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This Ethereum layer-2 platform pioneered a novel approach to a critical component of blockchain transactions, effectively mitigating vulnerabilities associated with centralized structures. In their quest for scalability and cost-effectiveness, many layer-2 networks adopt a centralized approach to on-chain transaction processing, introducing a single point of failure vulnerability. The Metis blockchain, however, has pioneered a distributed sequencer pool to improve security and decentralization. The Ethereum blockchain introduced smart contracts to automate certain events on the network , laying the foundation of decentralized finance (DeFi). As the DeFi ecosystem continues its exponential growth, however, the limitations of Ethereum have become clear. Despite last year’s migration to proof-of-stake, partially addressing the scalability issues of the Ethereum blockchain, the Ethereum network remains expensive when it comes to gas fees — the cost of each transaction executed on the blo...