Autor Cointelegraph By Sarah Jansen

Why cross-chain interoperability matters for DeFi

The modern DEX is designed to take advantage of the benefits of both CEX and DEXs by leveraging innovative technologies to enable more efficient transactions. Since limitations are presented for both the modern CEX and DEX, many propose that for widespread asset adoption, a non-custodial platform that supports assets across many networks is needed. In theory, this experience would enable users to control their funds at all times without giving up the flexibility of a promising user experience. Polkadex has proposed this next exchange iteration as a decentralized peer-to-peer order book-based cryptocurrency exchange. The project aims to become the trading engine of Web3 by combining the advantages of CEXs and DEXs while eliminating the disadvantages of both. To achieve this, Polkadex has tailored a solution based on cutting-edge trusted execution environment technology. This solution allows Polkadex to take custody out of the equation for exchange operators, therefore creating a non-custodial exchange that performs just as fast as, if not faster, than centralized exchanges. Much like centralized exchanges, Polkadex aims to support assets from across chains, albeit in a decentralized manner. For this purpose, Polkadex is  not only developing THEA, a decentralized liquidity bridge that will first connect Ethereum (and other chains later on) to Polkadex, but it also recently won a Polkadot parachain slot which will allow it to connect to the wider Polkadot ecosystem. Thanks to a community-driven campaign, Polkadex secured a win in auction 16 with a batch 3 record of 973,000 DOT loaned to its crowd loan. As a Substrate-based parachain, Polkadex will support assets from the whole Polkadot ecosystem, including its fellow parachains, while thanks to THEA, Polkadex will support assets from Ethereum first and other popular networks at a later date. This combination of interoperability layers will unite Ethereum, Polkadot, and, later, other blockchains under one decentralized trading roof. By leveraging a model combining a layer-2 trusted execution environment, a parachain, and a cutting-edge decentralized liquidity bridge, Polkadex is making it possible to exchange assets from different blockchains while guaranteeing users themselves retain their own funds and smart contract keys. The exchange further provides supplementary offerings, including PolkaIDO, a fully decentralized and on-chain IDO launchpad, which will be seamlessly integrated with Polkadex Orderbook, Parachains and THEAs cross-chain bridges. Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

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How NFTs are making real estate investments more attainable

Analysts continue to view real estate as a secure and lucrative investment based on its history of higher returns, especially when compared to traditional stocks. In many ways, stability can be likened to the scarcity principle driving demand. But ultimately, there are only so many plots of land available in the world today unless explorers move beyond Earth’s borders. One more benefit of real estate is passive income since many real estate investors make money through rent payments that provide a steady income stream on top of the property’s value increase. Of course, leveraging a real estate asset makes the investment more attainable, enabling users to expand their holdings even without having enough cash on hand.Yet, real estate is not the perfect investment for every investor despite these numerous benefits. Unlike other assets which can be purchased incrementally, real estate requires the owner to save a substantial amount of money before placing a down payment. Concerns around down payments are second to the level of risk in holding a property investment, as it cannot be liquidated easily to address an immediate need for cash. Therefore, despite the advantages of investing in this asset class, the barriers are still relatively high compared to other traditional avenues.Addressing this accessibility gap, land in the metaverse, also known as NFT land, is a rapidly growing sector in which many players are capitalizing on similar opportunities to create, earn passively and grow their wealth without the drawbacks or restrictions imposed in the real world. Some of these examples include the seemingly unlimited opportunities to test an investor’s creativity through bespoke creation of a storefront, home, business, or even entire community tailored to their liking. Of course, all this can be done with the security that comes with blockchain backing, which verifies the authenticity and ownership of each original plot. A case can also be made for investors looking to increase their wealth through commercialization. As metaverse platforms continue to grow and more people start visiting these worlds, digital landowners realize earnings by renting out land, selling it, building virtual properties or businesses, leasing it out or trading it for other NFTs. Therefore, as the lines between digital and physical realities become increasingly blurred, NFT land continues to be positioned as the equally lucrative brother of traditional real estate.A closer look at virtual landTo give this concept a definition, consider that digital reality exists in a virtual space, one that tech investors, crypto enthusiasts and the general population define as the metaverse. On most platforms, users will find a realistic experience, relying on a three-dimensional setting and, therefore, providing users with an immersive element that mirrors the real world in many ways.These projects are often divided into smaller areas and sold as “land” or “plot” offerings like the physical world. Each plot is often purchased with the asset’s native cryptocurrency, although some projects may accept fiat. To some, however, the question remains largely unanswered: Why purchase something in the digital world rather than the physical one? As movies like Ready, Player, One proves, the virtual world is just a place where people can fulfill their social needs, which is why more and more people are joining these platforms. Taking a different perspective, many look to residents of impoverished countries who may never be able to enjoy the same real-world lifestyle as a multimillionaire. For some, virtual reality (VR) has been seen as the bridge to overcome these inequalities — the great equalizer, if you will.A third factor taps into trends of how and where people are spending their time. As more people engage online, it makes sense that the assets they want to display to their peers or their “flexes” could exist in the digital realm. For these reasons, it may not be as far-fetched as skeptics once believed to facilitate the transition from physical to digital space. Last but certainly not least, the exploration of the myriad digital applications for businesses to realize a profit is still in its nascent stages. Following the COVID-19 pandemic, several hosted events and conferences have already been moved to a virtual setting, enabling team members from across the globe to participate. With cost savings from plane tickets and greater collaboration, it makes sense that many aspects of virtual workplaces will carry forward even as the world opens back up to in-person commerce.Accessing a digital communityContrary to what some might believe, the process of purchasing and selling metaverse land is fairly simple, and one of the biggest decisions is choosing a platform in which to participate.One notable project that stands out above the rest is KEYS Token, a real estate-based cryptocurrency ecosystem running on Ethereum (ETH). KEYS has already launched its groundbreaking Meta Mansions NFT collection and has future plans for additional releases and a rental app, according to its product roadmap.Plots are available as a part of the Meta Mansions collection, a luxurious residential community split up into 8,888 virtual NFT mansions within the proprietary KEYS Metaverse. Unlike other digital landscapes, the KEYS Metaverse is powered by Unreal Engine 5 and is being created through a $100 million partnership with Genius Ventures. The metaverse enables investors to generate active and passive cryptocurrency income by creating businesses, designing and selling assets and providing services, much like an entrepreneur would in the real world.The benefits of holding KEYS digital real estate also extend beyond the digital realm, allowing investors to gain exclusive benefits on partner products and services and exclusive KEYS events that will be hosted both in the KEYS Metaverse and the physical world.Therefore, as real life and digital residence become even more closely linked, KEYS Metaverse investors are given a new opportunity to diversify their investments and participate in building the next iteration of the internet.Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

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Why decentralized messaging apps will replace today’s social media platforms

The Russian government has cracked down on foreign social media platforms such as Instagram, Facebook and Twitter, banning them for extremist activists. For protestors, activists and local civilians, these actions have resulted in a significant barrier to communication with the outside world. Furthermore, they have also raised the question of just how easy of a target these apps are for state authorities. With citizens unable to access these platforms, they have little choice but to flee to the next-best still active platforms.However, it isn’t just Russian activists who have taken to alternatives. Consider, for example, Telegram, a cloud-based instant messaging service that has quickly become a place for sharing war footage and other content that may have otherwise been blocked on platforms like Instagram or Twitter. Not to mention that even these platforms, which are available to citizens now, have no guarantee of being free from bans by authorities. In this event, users will have no choice but to turn to “homemade” alternatives developed locally.The debate between freedom and control is not a new one, with current world conditions only being one example of when these dichotomies exist head to head. Previously, this debate was introduced with the internet’s provision of digital freedom, being taken away with big tech using metadata for profit-making opportunities and concerns around governments using the same data to keep an eye on their citizens. The result is that privacy and freedom of speech will never be guaranteed under today’s Web 2 foundation.The battle between freedom and control is still ongoing as the world sneaks out new methods to empower individual sovereignty. For this reason, movements will always have an easily targetable weakness, and protest activities will still face barriers as long as they rely on centralized social media platforms, which may be shut down at any point. Naturally, this calls to, for example, the situation that occurred when the Nigerian government banned Twitter to protect their people from anti-government political activity. Effectively, this action only stifled activities and restricted citizens’ ability to communicate and organize freely.Taking a community-driven approachAs a result, social movements are now straying away from having a single leader, taking power from one person and dispersing power among the people who make up the movement. Evidence of this decentralized approach is now seen in movements like the Extinction Rebellion and Occupy Wall Street.This concept of giving power back to the people is far from new. With the introduction of the internet and mobile devices, power is put directly into the hands of the user. After all, anyone can record, create or disperse information to millions of people in seconds. Power is effectively disseminated to the world, enabling even the citizen with the smallest voice to make the biggest impact. Therefore, rather than being “leaderless,” movements toward a decentralized structure are empowering new leaders in a way that enables anyone to rally people together and take action around the most pressing concerns in their community.While the internet has proven to be the greatest information spreader, its technological design isn’t perfect. Therefore, while technology will always be core to how activists operate and engage with the rest of the world, proper protocols and infrastructure are required to ensure efforts aren’t being stifled.Therefore, platforms for decentralized communication have proven to be the most suitable option for activists and protestors to come together without fear of system shutdowns. Unfortunately, to make these offerings available, private messengers require a powerful decentralized ecosystem as their foundation.Making privacy possibleIn the decentralization of communication, blockchain technology is looked to as playing a critical role as a starting point for messaging applications. These solutions effectively go above and beyond encryption to add another level of privacy. Set up correctly, this technology can become the shield for protecting the innocent and encourage efforts that support the greater good.One example of that is Oxen, a platform designed to build a private future for the internet by providing tools and services that enable users to leverage blockchain networks to achieve privacy across all areas of their day-to-day lives.To support this, Oxen released Session. Session is a messaging app tailored for activists, protestors and others in high-risk situations. Due to their decentralized nature, these platforms make it more difficult for malicious governments or authorities to block, censor or surveil the content being exchanged.In response to these efforts, Kee Jefferys, the chief technology officer at Oxen, shares, “Session is purpose-built for activists. It’s a great messenger option for protestors and activities because it is secure, private, anonymous and decentralized. When you use Session, you can be sure that you can speak freely.”With Session, activists will have the ability to complete their work peacefully and without interruption. Session has already hit the 1,000,000 download milestone on Google Play, with over 300,000 monthly active users.  Learn more about OxenDisclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

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How Web 3.0 apps must adapt to become next-gen of tech, explained

Unlike Web 2.0 applications, offerings built on Web 3.0 are enabling users with true data ownership. Web 2.0 brought about a major change to how the world views the internet, introducing online platforms like TikTok, Twitter, Meta (former Facebook) and Instagram, among others. Although valuable in the number of opportunities made available, Web 2.0 has brought concerns about data ownership. With users spending more time online, their data, including what they like, the content they create and other details about themselves, are being shared with big tech companies, many of which have been caught in data scandals in the past and paid their way out of it. Web 3.0 addresses these concerns by presenting a new reality for application usage. Leveraging verifiable, trustless, self-governing, permissionless, distributed and robust technology, application users can gain true ownership over their data. Unfortunately, before this becomes a reality, developers must consider how to create apps that can be deployed to run on multiple servers as a decentralized application (DApp) while still maintaining the same user experience expected in 2022.

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Why decentralized telecommunications is necessary to make Web3 a reality

The world knows the public internet as the best transport network and the backbone of their daily routines. However, if one looks closely, the internet is far from perfect, with many considering the network untrusted and its usage synonymous with poor reliability and performance issues. Although these faults were once overlooked, the impending Web3 revolution has led many to recognize just how far the current internet foundation is from supporting the increased usage and performance requirements that come with the metaverse, decentralized finance (DeFi) and other blockchain-technology use cases. Soon, every major company, industry and consumer experience will be shaped by the metaverse and accompanying technologies. One of the biggest gaps still yet to be filled is a network that can support the requirements. After all, the centralized infrastructure the internet depends on is not public or trustless, direct violations of what the blockchain-led digital realm is hoping to achieve.To illustrate these concerns, users are encouraged to first consider the data routing system. This system uses a protocol that has remained unchanged since its inception in the 1980s, coupled with routes that are governed by peering relationships between telecom giants. Today, internet data routing is not controlled by the user but by a centralized group of large corporations. Currently, internet data is not routed for optimal performance, so data traffic continues to pile up if a specific link is congested. It doesn’t route around congestion, so users get lower internet speeds and their favorite websites or applications aren’t accessible. On the surface, it might look like a minor inconvenience; however, immersive experiences, including the metaverse, will be crippled without a performance-optimized internet. Right now, there is a mismatch between network providers optimizing for cost and data senders desiring optimal network performance. That’s why internet users often don’t get the best services possible. Consequently, networks don’t take into account routing decisions that ensure traffic is being delivered in the fastest way possible, nor can dynamic choices be made to avoid areas of congestion or censorship. In the current centralized setup, internet service providers control data routing to benefit their bottom line. Sometimes, this may be at the expense of  latency, packet loss or interrupted connections for the end-users, whether this is an enterprise or consumer.Building a foundation for securityAnother look at the internet’s foundation would indicate that the network lacks natural security. Any traffic sent across the public internet is done without encryption by default, a decision that was made back in the 1970s. As a result, security and privacy have had to be addressed by third-party providers of encryption and other forms of security applications. Implementing encryption on a wide scale proved to be daunting, requiring reliance on the third party for the safe distribution of the keys. In the emerging decentralized model of Web3 and metaverse, users don’t want to rely on third parties for encryption and private key management. An open project’s, Syntropy, solution has encryption built-in by default, so there is no reliance on outside third parties to manage private keys, and all traffic remains private and secure from one end of the connection all the way to the other endpoint.  Internet is owned by the providersUnfortunately, the internet also requires changes in terms of ownership. The majority of internet users today rely on a provider like AT&T or Comcast since only a small number of telecom companies control the internet backbone. When power is concentrated in the hands of a few, innovation is stifled and reliability and performance are not the highest priority. The interest of those impacted is likely to become subject to high costs and governance that does not consider the best interest of its users.Solving networking problemsLeading the charge to solve these problems is Syntropy, a project that is taking a different approach to the network at the heart of the Web3 revolution. By improving the public internet itself and creating new incentive mechanisms through an open internet exchange powered by its token NOIA, Syntropy can provide private network performance levels to any user. Syntropy overlays the internet, transitioning it from its current state as many competing, self-interested networks to a holistic, self-sustaining, group-oriented network of networks-giving birth to true Web3 and the metaverse.The technology aims to eliminate bottlenecks and address the existing internet’s limitations by making security and performance optimization the standard. In practice, it replaces the single default internet path with multiple network paths over the internet that are measured regularly and automatically relay participant traffic to its destination via the best path available.Syntropy has demonstrated these substantial network improvements with Entain, a global sports betting and gaming giant that leverages Syntropy’s DARP, a layer-0 protocol for Web3. Entain has since noted an improvement in its network performance by routing data through the best-performing paths, resulting in a better experience for the end-user.Disclaimer. Cointelegraph does not endorse any content or product on this page. While we aim at providing you with all important information that we could obtain, readers should do their own research before taking any actions related to the company and carry full responsibility for their decisions, nor can this article be considered as investment advice.

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