Latest Decentralization News

  • Interoperable Blockchains May Be the Future of Finance but Have a Ways Yet to Go
    Interoperable Blockchains May Be the Future of Finance but Have a Ways Yet to Go
    As interoperable blockchain solutions gain traction, many believe that the technology is still relatively nascent and needs more polishing. Cross-chain interoperability is a domain that has piqued the interest of many financial institutions over the years, as it stands to produce a technology that can potentially mitigate a whole host of their recurring operational issues — such as data leakages, loss of customer funds during international transactions and poor accountability — in a totally automated fashion. In this regard, European payments provider SIA recently revealed that it has partnered with United Kingdom-based tech firm Quant Network after having successfully concluded a series of cross-blockchain interoperability tests designed to facilitate data transfers between different protocols. Through the deployment of such frameworks, it can gradually become possible for developers to come up with different cross-platform applications and services that can be used by banks as well as other financial institutions, thus allowing them to easily tackle a number of blockchain-integration-related issues facing them today. Is mainstream use ready? Even though it is important to establish collaboration between various businesses to foster interoperability between their protocols, it is worth remembering that most solutions currently available on the market today still exhibit a certain level of centralization.
  • Blockchain Is the Leading Agent in Our Advance Toward Industry 4.0
    Blockchain Is the Leading Agent in Our Advance Toward Industry 4.0
    Blockchain is a revolutionary technology swiftly disrupting many industries, and it could answer some of the most pressing efficiency concerns in the corporate world today. Digital technologies are entering every aspect of our life at a steady pace.
  • Blockchain Service Bison Trails Announces Support for Ethereum 2.0
    Blockchain Service Bison Trails Announces Support for Ethereum 2.0
    Libra Association member Bison Trails looks forward to moving from the Proof-of-Work consensus mechanism to Proof-of-Stake, launching Eth2 support. Blockchain infrastructure-as-a-service company, Bison Trails, has announced support for Ethereum 2.0 — an upgrade that will move the network from its proof-of-work consensus mechanism to proof-of-stake. Bison Trails offers a suite of enterprise products that allow users to interact with the Beacon Chain, stake Ether (ETH), and automatically manage validators, validator clients, and beacon nodes. Importance of adopting Eth2 Joe Lallouz, CEO of Bison Trails told Cointelegraph about the importance of adopting Eth2 within the crypto industry and which benefits could bring like new scalability options for the protocol: “The transition to Eth2 is incredibly important for the crypto ecosystem because it allows one of the most important and most adopted blockchains—with millions of users and tens of thousands of dApps—to introduce new scalability options for the protocol and that’s a big deal.” Lallouz mentions that a fully-featured Participation Cluster product is included, which allows their customers to manage their Beacon Chain and validators from within the Bison Trails platform. Bison Trails’ CEO said the network will reward validators early, with a reward rate of 23% on ETH, representing “a significantly higher potential return than most alternative uses of ETH.” He added: “Because stake and rewards are locked up for several years on Eth2, choosing an infrastructure provider you trust is an important consideration.
  • Cointelegraph Talks Recap: Blockchain Giving Power to the LGBTQ+ People
    Cointelegraph Talks Recap: Blockchain Giving Power to the LGBTQ+ People
    Seven experts from different institutions and organizations discussed topics relating to diversity, inclusion, challenges and opportunities for LGBTQ+ with Cointelegraph. Yesterday, Cointelegraph hosted another episode of “CT Talks,” dedicated to Pride Month and addressing important questions on diversity, inclusion, stigmatization, acceptance, challenges and opportunities for the LGBTQ+ community in the crypto and blockchain space. For many people — mostly heterosexuals — the terms “blockchain” and “LGBTQ+” used so close together might seem irrelevant.
  • Iota Enters First Phase to Become ‘Fully Decentralized Network’ by 2021
    Iota Enters First Phase to Become ‘Fully Decentralized Network’ by 2021
    Iota Foundation expects to remove network Coordinator and become a “fully decentralized network” by Q1 2021. Iota, a major blockchain project designed for the Internet of Things, or IOT, has entered the first phase in its roadmap for upgrading the network to IOTA 2.0. According to a June 30 blog post, users can now download the new Pollen release in the first fully decentralized IOTA test network. The release is the first phase in Iota’s IOTA 2.0 transition roadmap, released on June 29.
  • LGBTQ+ in Blockchain/Crypto: A Safe Space With Room for More Inclusion
    LGBTQ+ in Blockchain/Crypto: A Safe Space With Room for More Inclusion
    Socials: LGBTQ+ people in the sector say crypto is a welcoming space: “The crypto sector is more than supportive of LGBTQ+ rights.” Technology has become central to everyday life.
  • Tether: Challenging the USD’s Hegemony, Championing CBDC and Beyond
    Tether: Challenging the USD’s Hegemony, Championing CBDC and Beyond
    Exploring six major points regarding Tether’s impact on geopolitics and the future development of sovereign digital currency. In 2008, a momentous occasion took place with the release of the Bitcoin (BTC) white paper.
  • Kyber Network Sets Date for Launch of Katalyst Protocol Upgrade
    Kyber Network Sets Date for Launch of Katalyst Protocol Upgrade
    The Katalyst protocol upgrade will include the changes in the in-house token model to attract more participants. On-chain liquidity protocol Kyber announced on June 29 that a major upgrade of Katalyst protocol will go live on July 7, 2020. The upgrade includes changes to the Kyber Network Crystal (KNC) token model to attract more participants to the development of the protocol. According to the announcement, Katalyst aims to reduce friction in liquidity contributions, introduce rebates for high-performing reserves, and allow decentralized apps to integrate with the Kyber network by adding a custom spread. Participating in governance Among the features included in the upgrade is the launch of KyberDAO, a community platform that allows KNC token holders to participate in governance. KNC holders will be able to stake KNC to vote on various protocol parameters and changes, as well as KyberDAO proposals that “aim to improve protocol functionality, operations and adoption.” Speaking with Cointelegraph, Loi Luu, CEO of Kyber Network, said, “Katalyst will harmonize our efforts towards providing a single on-chain liquidity endpoint for all takers and makers, and establish a long term virtuous loop where the success of the DeFi space, growth of the Kyber ecosystem, and value creation for KNC holders go hand in hand.” Luu added, “The Katalyst upgrade and KyberDAO support three key groups of Kyber stakeholders: reserves who provide liquidity to Kyber, DApps who connect takers to the Kyber protocol, and KNC holders who form the heart of the network.” Plans for the coming months Looking ahead, Luu told Cointelegraph that Kyber will focus on providing more education regarding the benefits that come with the Katalyst upgrade. “We also aim to increase the number of options available for KNC holders to stake KNC.
  • The Future of Peer-to-Peer Online Learning Amid the COVID-19 Pandemic
    The Future of Peer-to-Peer Online Learning Amid the COVID-19 Pandemic
    The coronavirus pandemic has shown the need for new innovative ideas in the delivery of education, and blockchain has a solution. The coronavirus pandemic is transforming the education sector as much as it is transforming various important aspects of our lives.
  • Crypto Lending: The Ultimate Killer App?
    Crypto Lending: The Ultimate Killer App?
    Using digital assets to earn yields and borrow capital became possible thanks to crypto lending, one of the fastest-growing sectors in the crypto ecosystem. Crypto lending, one of the fastest-growing industries in the blockchain ecosystem, has made it possible to earn yields and borrow capital using digital assets. According to a report by research company Credmark, the volume of crypto-backed loans increased seven-fold in 2019, ultimately reaching $8 billion. Experts speculate that crypto lending will attract more investors into the crypto market by increasing its liquidity. “You can think of lending as this incredible grease that just pushes everything forward at a much faster rate”, states Paul Murphy, CEO at Credmark. However, lending and borrowing crypto is a risky practice due to the high volatility of digital currencies. In fact, a significant amount of crypto-backed loans are used for margin trading operations. “When the market drops by more than 50 percent, and you're in a collateralized margin type of trade, you can lose all of your principal”, points out Brock Pierce, a prominent cryptocurrency entrepreneur. While most crypto lending businesses rely on centralized custodians to manage their customers’ funds, DeFi lending platforms allow peer-to-peer lending and borrowing operations with no middlemen involved. However, we are in the early stages of this technology, which means that these platforms may pose a number of usability downsides. Find out more about crypto lending in the full video on our Youtube channel and don’t forget to subscribe!
  • How the COVID-19 Pandemic Will Propel Humanity 20 Years Ahead in Tech
    How the COVID-19 Pandemic Will Propel Humanity 20 Years Ahead in Tech
    The coronavirus outbreak may become the reason for the dramatic technological shift that will define the era. If you’re familiar with medieval history, you’ll know that the plague epidemic eventually led to the liberalization of European politics and, ultimately, to the Renaissance.
  • Jack Dorsey Has Floated Decentralized Fact-Checking at Twitter. Here’s What That Could Look Like
    Jack Dorsey Has Floated Decentralized Fact-Checking at Twitter. Here’s What That Could Look Like
    Twitter's CEO has endorsed the idea of decentralized fact-checking.
  • Today’s Shifting Gears Driving Tomorrow’s Mass Crypto Adoption
    Today’s Shifting Gears Driving Tomorrow’s Mass Crypto Adoption
    Three major shifts will lead to crypto and blockchain adoption worldwide, and they have already started reshaping our world. There’s a revolution happening.
  • DoJ Backs Trump's Challenge to Section 230 and Social Media Platform Neutrality
    DoJ Backs Trump's Challenge to Section 230 and Social Media Platform Neutrality
    The US’s top legal authority is looking to dismantle online protections for content publishers following Trump’s spat with Twitter weeks ago. On June 17, the United States Department of Justice issued new recommendations to roll back decades-old protections for online platforms publishing third-party content. Section 230 and internet censorship Section 230 of the Communications Decency Act became law in 1996, as the public was only just coming to welcome the internet into their day-to-day lives.
  • Decentralized Tech Can Protect Activists From Social Media Crackdowns
    Decentralized Tech Can Protect Activists From Social Media Crackdowns
    As protests against police brutality continue in the US, privacy advocates warn of the risks posed by centralized social media platforms. The protests in the United States against police brutality and systemic racism sparked by the murder of George Floyd by former Minneapolis police officer Derek Chauvin on May 25 are showing no signs of stopping. Rallies and marches have continued in many cities for three weeks now, with events organized in all 50 states as well as in at least 40 countries around the world.
  • New COVID-19 Research Initiative Rewards Contributors With Crypto
    New COVID-19 Research Initiative Rewards Contributors With Crypto
    CPUcoin has announced a partnership with BOINC to provide crypto rewards for volunteers who share their unused computing power with researchers. Decentralized Infrastructure-as-a-Service company CPUcoin announced a new joint program with Berkeley Open Infrastructure for Network Computing (BOINC). The initiative will devote unused computing power to research regarding the coronavirus.  Users who download and install CPUcoin’s CGN Miner platform and the BOINC open-source software support the IBM World Community Grid and [email protected] projects with their unused computing power, and in turn, will earn cryptocurrencies. [email protected] focuses on researching proteins that comprise the novel coronavirus to produce therapeutics and diagnostics. IBM World Community Grid works on predicting the effectiveness of particular chemical compounds as possible treatments for COVID-19. Users rewarded with CPUcoin’s token As soon as the CGN Miner platform detects when someone supports COVID-19 BOINC projects, the user will receive CPUcoins, which is a utility token that can be traded for other cryptos like Tether (USDT), Bitcoin (BTC), and Ether (ETH) on ProBit Exchange. Speaking with Cointelegraph, Sean Barger, managing director of CPUcoin, said: “CPUcoin does not own any computing infrastructure, instead it is owned by the network participants, also known as ‘CGN Miners.’ Miners are rewarded for their computer time in CPUCoin’s native cryptocurrency, CPU.
  • Bitcoin-Friendly Top US Banking Regulator Aims to Solve Banks’ Problems With Decentralization
    Bitcoin-Friendly Top US Banking Regulator Aims to Solve Banks’ Problems With Decentralization
    The new top banking regulator for the Trump administration sees “huge and great promise” in cryptocurrency.
  • Revamping E-Commerce During the Rise of Stablecoins
    Revamping E-Commerce During the Rise of Stablecoins
    The third decade of the 21st century will make cryptocurrency the main payment method worldwide because of its benefits over fiat. The world has been slowly recovering from the COVID-19 pandemic, while some countries are bracing themselves for a potential second wave, but the economic downturn in many fields is imminent.