Tag: Blockchain

Blockchain Will Transform Football’s Broken Transfer System

admin

Opinion by: Przemysław Kral, CEO of zondacrypto The football transfer market has long been seen as a world of discrete backroom deals and negotiations. The transfer window brings immense excitement to supporters wanting to see how clubs prepare for the season ahead.  It’s not always smooth sailing, given the huge capital requirements and tight deadlines the clubs face to complete the deals. There is an option that could overcome these issues.The answer has come to the fore in recent years, and the football industry is beginning to embrace it. Football…

Kinto Tanks 81% After Announcing Its Blockchain Will Shut Down

admin

The Kinto token, the governance token of the Kinto Network, has plummeted over 80% after its team announced that its Ethereum layer-2 blockchain is shutting down at the end of September, following months of setbacks. Kinto raised $1 million in debt to restore trading on its “modular exchange” after an industry-wide hack in July drained about 577 Ether (ETH) worth around $1.6 million from the protocol.  However, worsening market conditions “killed further fundraising,” forcing the crypto project to shut down, Kinto posted to Medium on Sunday.  “Every day that we…

Why Blockchain Cities Fail: Regulations, Unrealistic Expectations

admin

The blockchain industry has long strived to build its “city on a hill” — idealistic communities where blockchain provides a foundation and code is law. But they’ve not always panned out, as regulations, unrealistic expectations and other factors often make them dead on arrival. For several years, idealistic, would-be founders have strived to build communities on blockchain. Some of these projects have been more grounded, using blockchain as a means of land registry, while others sought to build entire cities that would run solely on blockchain and crypto. One of…

Blockchain is hard for developers and everyday users. Is it getting any easier?

admin

For several years, one of the biggest hurdles to blockchain adoption has concerned the fact that it’s a rather technical space. Experienced developers find it daunting to build decentralized apps using this technology. Meanwhile, consumers unaccustomed to tokens and crypto wallets often struggle with user interfaces that are far clunkier than what mainstream platforms provide. With cryptocurrencies punching into the mainstream consciousness like never before, it has never been more important for blockchain platforms to seize the moment and offer the streamlined, easy-to-understand products and services that the masses can…

Coinbase adds hidden message with political undertones to BTC blockchain on day of IPO

admin

The crypto exchange, whose CEO has previously dissuaded employees from expressing political views, started its initial public offering off with a message referencing U.S. President Joe Biden’s stimulus package.  According to Coinbase, the crypto exchange had mining pool F2Pool embed the title of a New York Times article in the Bitcoin (BTC) blockchain at 2:05 PM UTC today. The message in block 679,187 refers to the U.S. Congress passing the American Rescue Plan Act of 2021 on March 10 — a bill which set aside $1.9 trillion for measures aimed…

Coinbase Marks IPO With Memo on Bitcoin Blockchain

admin

Coinbase has commemorated its public Nasdaq listing by posting a message to the Bitcoin blockchain. Coinbase Refers to Relief Bill Coinbase embedded a message that referred to a New York Times news headline from Mar. 10, 2021 that discussed the U.S. government’s trillion-dollar COVID-19 stimulus plan. The headline reads: “NYTimes 10/Mar/2021 House Gives Final Approval to Biden’s $1.9T Pandemic Relief Bill.” Coinbase asked the mining pool F2Pool to encode the message on block 679,187 of the Bitcoin blockchain, the first block mined after Coinbase was listed on the Nasdaq stock…

Enterprise blockchain solutions rally as businesses get hip to crypto

admin

The mainstream adoption of blockchain technology continues to pick up steam as stories like Microstrategy using Bitcoin (BTC) to pay bonuses for its board of directors and Topps announcing plans to release nonfungible token collectible trading cards make headlines on a almost daily basis.  As more companies and organizations explore what the integration of blockchain technology can do for them, tokens that offer enterprise solutions and provide simple ways for interested parties to explore and use distributed ledger technology have seen triple-digit gains in 2021. XRP/USDT vs. XLM/USDT vs. XDC/USDT 1-day chart.…

Coda Protocol Code Review: Ultra Compressed Blockchain

admin

Coda Protocol code review, wondering if their claims make any sense. Over here, look! The Ethereum blockchain, currently 667GB! And over here, Coda… which claims that a pinch of recursive composition of zk-SNARKs and some clever ideas can reduce the size of their chain into a “tiny snapshot”. Mass adoption anyone? So, anyway. Coda is a new cryptocurrency with a constant size blockchain, improving scaling while maintaining decentralization and security. No need to store the entire blockchain for verification. Instant mobile syncing (or somewhat instant, let’s be serious for a…

Thailand’s Main Opposition Party Holds Primary Election on Blockchain

admin

Twitter Facebook LinkedIn Thailand’s Democrat Party, the country’s main opposition party has become the first major political party in the world to carry out primary elections entirely on a blockchain. Using a live e-voting system powered by the Zcoin blockchain, the party successfully conducted its primaries which involved more than 120,000 voters between November 1 and November 9. In an election of many firsts, it also marked the first time that a major Thai political party selected its leader using input from the generality of party members ahead of the…

Deloitte Blockchain Chief: Bad Crypto Headlines Making Clients ‘Nervous’

admin

“Can we stop talking about my bad brother?” That’s how Linda Pawczuk, leader of Deloitte Consulting’s financial services industry blockchain group, describes the conversations she often has these days with executives and board members of client companies. Pawczuk’s team is squarely focused on helping decades-old, global enterprises figure out how to use distributed ledger technology (DLT) to transform their paper-based business processes for a digital age. But recently, she said, these clients have been asking about the wilder side of blockchain they’ve read about in the news: the initial coin…