Thursday, December 8

Tag: blockchain technology

Identity-centric Platform Concordium Set for Mainnet and MVP Launch on June 9
PR Wire

Identity-centric Platform Concordium Set for Mainnet and MVP Launch on June 9

Zug, Switzerland: Blockchain company Concordium will for the first time offer the world access to a safe, transparent, and regulatable blockchain and cryptocurrency, marking the end of an era of anonymity and distrust that has undermined the development of the industry. After three years of development, the Concordium Blockchain and its Cryptocurrency, the GTU, will make its mainnet debut on June 9, a move that for the first time clears the way for any developer or user to access the Concordium platform. The Concordium platform differs from other industry participants by offering previously unseen guarantees of governance and transparency, without compromising privacy. Users are identifiable and the provenance of every transaction is trackable, creating trust for the us...
Here’s Why Your Bitcoin Transaction is Stuck
PR Wire

Here’s Why Your Bitcoin Transaction is Stuck

Bitcoin has transactional limits to what it can achieve, so when there is a high demand for the cryptocurrency, the network clogs up, causing mempool spikes.  The mempool is where unconfirmed transactions await their inclusion in the blockchain.  During normal operations, Bitcoin is capable of keeping up with the demands. Bitcoin transactions naturally gather in the mempool before miners record them on the blockchain.  Two forces affect Bitcoin’s capabilities to avoid going into a mempool spike.  Demand for Bitcoin transactions Changes in network mining power Demand for Bitcoin Transactions Bitcoin’s popularity is the most influential factor in the equation. When Bitcoin is not trending, the blockchain usually avoids overflowing the mempool and regularly zeroes out th...
Turkey to Pilot a Digital Currency in 2021
PR Wire

Turkey to Pilot a Digital Currency in 2021

Turkey is set to pilot a digital currency in the second half of 2021. On Friday, central bank chief Naci Ağbal revealed the plans to Parliament. As reported in the Turkish media, Ağbal said, “There is an R&D project started on digital money. Currently, the conceptual phase of this project is completed. We aim to start pilot tests in the second half of 2021”. This move may not come as a surprise as the country has been hit with high inflation levels in recent years. Its chaotic past overshadows Turkey’s recent stable financial history. After stabilizing in 2001, the government held a tight grip over the Turkish Lira’s economy and value. However, following the 2016 failed coup, economic issues began to resurface, culminating in 2018 when Turkey’s inflation rate was 16...
Bitpanda Releases Debit Card for a Variey of Assets
PR Wire

Bitpanda Releases Debit Card for a Variey of Assets

Austrian-based digital asset management company Bitpanda has released it’s very own debit card, allowing users to spend their fiat currency, cryptocurrency and precious metals. Once the funds are registered online, users can fund payments using any of the investments they have with Bitpanda with a real-life physical Visa card. A unique offering and something that has caught the eye of many traders, who look for ways to exchange cryptocurrency using debit cards on the various exchange platforms available to digital currency users. What makes the product stand out is the ease at which customers can switch between the various assets they hold in order to complete trades and transactions. What does the Bitpanda card offer customers? The digital asset company is now taking p...
Poolin Empowers Ethereum Miners With New Payout Scheme and International ETH Node
PR Wire

Poolin Empowers Ethereum Miners With New Payout Scheme and International ETH Node

Poolin, one of the largest mining collectives just finalized an upgrade to their global Ethereum infrastructure by completing the installation of an international Etherum node in the United States. In addition to the node, Poolin switched its payment method from PPLNS to PPS+, which will enable Ethereum miners to begin earning Ethereum transaction fees in addition to the usual block rewards. This move will enable Ethereum Miners to exponentially increase their earnings when mining through the Poolin pools. According to Poolin, $830 million were spent on fees in January 2021 alone, showcasing the importance of this update for ETH miners on the network. We reached out to Poolin’s Vice President, Alejandro De La Torre f...
Review of HollaEx Kit 2.0 from bitHolla, the free white label crypto exchange software
PR Wire

Review of HollaEx Kit 2.0 from bitHolla, the free white label crypto exchange software

Key takeaways: Starting a crypto exchange business is now free due to open-source crypto technology and exchange software Crypto technology is getting exponentially better for builders Building with the technology is getting easier as more blockchains become standardized and widely adopted People are building a preference for crypto exchanges as their personal bank DeFi is also challenging this notion of a bank HollaEx Kit is a white label solution to deploy a crypto exchange developed by bitHolla. This software has 2 main options: the open source “DIY” option which is completely free or the cloud service that assists with hosting and server management for a small fee. The first version of the kit was launched in January 2020 and the second version has been released e...
Viberate and Blockparty Take NFTs One Step Further with “Live Performance NFT” drop
PR Wire

Viberate and Blockparty Take NFTs One Step Further with “Live Performance NFT” drop

Blockchain-based music research and analytics platform Viberate (whose native token VIB is listed on Binance, Bittrex, OKEx, and Uniswap) will test the world’s first concept of a “live performance NFT” in partnership with digital asset marketplace Blockparty.  The upcoming “NFT drop” (the release and subsequent 24-hour auction of non-fungible tokens) will feature the work of world-renowned Techno DJ and Viberate co-founder UMEK. Specifically, three exclusive remixes of UMEK’s 1999 hit track “Lanicor”, one livestream performance, and one live gig. Simply put, the buyers of UMEK’s NFT will either purchase the rights to one of his original remixes, book him for an exclusive online event, or book him for a real-life live performance. Viberate will also be verifying the drop...
Hic Et Nunc is proving that NFT artists CAN support the environment… showing Humanity’s best face along the way.
PR Wire

Hic Et Nunc is proving that NFT artists CAN support the environment… showing Humanity’s best face along the way.

Designed by Toscanini Heitor As soon as NFTs exploded, the criticism (with just a teeny, tiny bit of virtue signalling) did, too.  While Beeple and other artists selling their work for thousands (and even millions) of dollars hit the spotlight, doubters were quick to point out that the blockchain technology used to power NFTs used carbon-producing proof-of-work consensus algorithms. The Ethereum network, currently moving away from proof-of-work and towards a proof-of-stake mechanism, was among the main targets of these complaints. Designed by Toscanini Heitor Just as the markets demonstrated a real-world demand for crypto art, the engines of innovation started turning: The request for a place to store the products of the musings of thousands of artists worldwide in a ma...
Facebook rebrands Calibra to Novi as the digital wallet for Libra cryptocurrency
PR Wire

Facebook rebrands Calibra to Novi as the digital wallet for Libra cryptocurrency

Facebook decided to rebrand and rename the initial Calibra cryptocurrency wallet as the now new Novi cryptocurrency wallet. According to Facebook, the name Novi was inspired by the Latin words “novus” for “new” and “via” for “way.” according to the press release issued by the company on May 26th, 2020. Libra, as of the date of publishing is not yet available for public use, but according to the information, Novi will be the first (and perhaps only) wallet that will be used with the Libra cryptocurrency.   The wallet is presented as an easy-to-use integration that will be compatible with all of Facebook’s products, i.e. Messenger, Whatsapp, and a proprietary Novi application. It is expected that sending and receiving money through the Novi wallet will be free of charge, ...
BMW Group Enters Second Stage of Blockchain-based Supply Chain Transparency
PR Wire

BMW Group Enters Second Stage of Blockchain-based Supply Chain Transparency

The BMW Group has increased its capacities for utilizing blockchain technology to provide its staff with the tools they need to create high-quality vehicles. According to the press release, BMW has faced great difficulty when tracking specific parts that need to be changed or simply weren’t of sufficient quality. Finding the manufacturer often involved a significant amount of manual labour, but now with the implementation of the second stage of their “PartChain” project, BMW and their suppliers are using blockchain systems to help them track parts at the push of a button. We’ve reached out to BMW Group for comments and more information, but they were unavailable for contact. The extremely complex nature of the automotive industry makes it a prime suspect for blockchain ...