Decentralized finance (DeFi)and crypto seem to be target number one for scammers as the total amount of funds taken by fraudulent means has eclipsed both 2020 and 2021 combined, with the month of March alone beating 2020 by over $200 million.
On a daily basis, there is lots of digital development, enhancement and sophistication on the blockchain technology. Zero Knowledge protocol seems to be an age long idea that will create new dimensions, and extra layers of security and privacy to the blockchain through a no authentication system. It’s a landmark process because it will drastically reduce exposure and enhance the privacy of all and sundry.
Cardano has been at the center of both rabid praise and mass criticism since its release in September of 2017. The digital token separates itself from the crowd with its rapidly advancing technology, its unique multi-layer architecture, and by using mathematical principles in its consensus mechanism. Yet claims of difficulty for programmers, especially in launching decentralized applications (dApps) on the Cardano ecosystem, have continued to bog down one of the more promising cryptocurrencies available.
During September 2021 El Salvator formally started accepting Bitcoin as legal tender and continues to be on the forefront of the move to mass crypto adoption. Today, President Nayib Bukele announced that Bitcoins presence in his country is so prolific that the number of citizens using digital wallets has outgrown those that have traditional bank accounts.
Twitter Crypto, a new division with Tess Rinearson as the engineering lead, is being launched to focus on blockchain technology, cryptocurrencies, and other decentralized technologies. The team will also focus on perfecting the Bitcoin tipping platform which was launched earlier this September and to improve the proof of identity service via non fungible tokens.
Three Cryptocurrencies That Saw Explosions In Pricing During 2021
Like any new frontier, the pioneers of decentralized finance have blazed a new trail through the world of traditional finance, sometimes leaving bodies in their wake. There have been some enormously successful endeavors, others that never even left the ground, and others yet that have fallen somewhere in-between. Re-writing what has long been viewed as the norm is difficult and challenging work. Luckily, there are companies like Apricot Finance leading the way in this new generation of accessible and much needed financial services.
The city of Miami is taking steps to become the crypto capital of the world.
Crypto think tank 2B4CH launches a proposal to include Bitcoin in the constituition of Switzerland.
When the Market Place 2.0 releases, users will be able to integrate their user profiles for even more transparency but to take that to an entirely different level, the STARL team is also adding in use of The Graph, an Ethereum based indexing protocol, for all SATE contracts. SATE’S are non-fungible, transferrable digital assets representing satellites and any other virtual estates of the STARL Metaverse. By implementing The Graph into all SATE contracts, it allows for a greater collection of data related to each individual SATE including properties, bid history, pricing history, auction details, trades, and more all in one easy to view page. With the addition of The Graph, the STARL team is taking further steps towards complete transparency while allowing users the ability to bring up the complete history and all related information for any SATE contract with a few keystrokes.