Značka: Tezos

Altcoin Roundup: Three smart contract platforms that could see deeper adoption in 2022

Decentralized finance (DeFi) dominated media headlines throughout 2021 and the sector, along with nonfungible tokens (NFTs), helped to initiate the mass adoption of cryptocurrencies. While high yields on staking and instant profits from flipping jpegs have proven to be very lucrative for investors, it’s important to remember that none of it would have been possible without the underlying capabilities of smart contract technology. The Ethereum network remains, hands-down, the most widely used layer-one smart contract platform in the crypto ecosystem, but everyone knows about the high fee and clogged network issues of the past few years.In 2021, competing networks like Avalanche and Binance Smart Chain enabled compatibility with the Ethereum Virtual Machine (EVM) and this produced positive outcomes for investors in both ecosystems. Let’s take a look at a few of the top-performing layer-one protocols in Q4 2021 and investigate how partnerships, investment from traditional finance and protocol developments might benefit each project in 2022.AlgorandAlgorand (ALGO) is a pure proof-of-stake (PoS) layer-one blockchain network designed to be self-sustaining and highly scalable, thus making it capable of handling heavy transaction loads for minimal costs. In Q4, the protocol launched the Algorand Virtual Machine which enabled decentralized applications (DApps), meaning DeFi and NFT projects could now operate on the network. Tether (USDT) and USD Coin (USDC) had previously launched on the network, so their integration into new DeFi platforms was relatively effortless, allowing for the quick build up of liquidity. The launch of the 150 million ALGO Viridis Fund by the Algorand Foundation was also designed to accelerate the development of the DeFi ecosystem on the network.The project also attracted the attention of institutional investors, and a sizable cash infusion came from Borderless Capital who launched a $500 million fund to help develop DApps on Algorand. Hivemind Capital Partners also selected the protocol as its first technology partner. We are excited to announce the launch of our $500M Borderless ALGO Fund II!https://t.co/EP0U6Ib8HV pic.twitter.com/okXf6GBFo8— Borderless Capital (@borderless_cap) November 30, 2021In October, Algorand launched governance features that enabled ALGO holders to have a say in the future development of the protocol. ALGO/USDT 1-day chart. Source: TradingViewOn Nov. 18, 21Shares announced the launch of a physically-backed Algorand exchange-traded product which helped spark a rally in the price of ALGO to a yearly high at $2.99. TezosTezos (XTZ) is a flexible proof-of-stake blockchain designed to evolve over time without the need to undergo hard forks. In Q4, traditional finance entities like the Arab Bank Switzerland partnered with the protocol to launch staking, trading and custody services for the project’s native XTZ token.On Dec. 7, the project made headlines after it expanded its NFT ecosystem by partnering with Ubisoft, a major gaming company. The Ubisoft Quartz platform uses Tezos blockchain, and the players of Ghost Recon: Breakpoint will be able to buy and trade game-specific NFTs in the marketplace.On Dec. 15, Rarible, a popular NFT marketplace, also announced the integration of the Tezos blockchain into its ecosystem. This means Rarible users can buy, sell and trade Tezos NFTs in an environment that is much cheaper than Rarible’s Ether-based market. Tezos blockchain is now live on https://t.co/BplWYgszwb Here’s everything you need to know:https://t.co/opRwEeF1HB— Rarible (@rarible) December 15, 2021

Part of the reason for the increased attention on the Tezos blockchain is the energy efficiency of the network in a world that is becoming increasingly focused on environmental sustainability. According to a recent carbon footprint report from PricewaterhouseCoopers Advisory SAS, the Tezos network saw a 70% increase in energy efficiency in 2021, with its annual energy consumption now estimated to be roughly the same as the carbon footprint of just 17 people.XTZ/USDT 1-day chart. Source: TradingViewAt the time of writing, XTZ is trading at a price of $4.34 after hitting a yearly high of $9.17 on Oct. 3. This was just prior to the wider market downturn that has put pressure on prices across the crypto ecosystem as the market heads into the final weeks of 2021.Related: ‘I’m a huge believer in crypto technology,’ says former US SEC chairElrondElrond (EGLD) is a blockchain platform for distributed apps and enterprise-level businesses that has the goal of becoming the technology ecosystem for the “new internet.”According to the project’s website, the network utilizes sharding technology to enable the processing of 15,000 transactions per second (TPS) with an average transaction cost of $0.001.The late-year price rally seen in the protocol’s native EGLD token came after the launch of a $1.29 billion liquidity incentive program by the Elrond-based Maiar decentralized exchange (DEX). EGLD/USDT 1-day chart. Source: TradingViewPrior to the launch of the liquidity program, the price of EGLD was on the rise thanks to its increased use as a form of digital payment, including a partnership with the Romanian music festival Untold, which announced that tickets for its 2021 festival could be purchased using EGLD.Want more information about trading and investing in crypto markets?The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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NFT partnerships and protocol integrations boost Tezos, WAX and Aleph.im

The roller coaster ride that is the cryptocurrency market continued its volatile ways on Dec. 8 as Bitcoin (BTC) price briefly slipped below the $49,000 level. Despite the setback, there are still clear signs that crypto mass adoption is taking place, a prime example being Visa’s announcement that it will launch crypto consulting and advisory services for merchants and banks. Analysts expect that Bitcoin will continue to search for firmer footing and while this process plays out, Ether and a handful of mid and low-cap altcoins are booking moderate gains.Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets ProData from Cointelegraph Markets Pro and TradingView shows that the biggest gainers over the past 24 hours were Tezos (XTZ), WAX (WAXP) and Aleph.im (ALEPH). Ubisoft launches NFTs on Tezos Tezos is a layer-one blockchain protocol that includes a built-in mechanism that allows the network to evolve and upgrade over time without the need for hard forks. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for XTZ on Dec. 5, prior to the recent price rise. The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.VORTECS™ Score (green) vs. XTZ price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for XTZ began to pick up on Dec. 4 and climbed to a high of 87 on Dec. 5, around 21 hours before the price increased 60.5% over the next two days.The surge in XTZ price took place after Ubisoft, one of the top three video game companies, announced that it would be releasing its first line of in-game playable NFTs on the Tezos network, beginning with Ghost Recon: Breakpoint.WAX welcomes Amazon and Mattel to its ecosystemWAX is a purpose-built NFT blockchain designed to provide brands with all the tools necessary to launch a NFT collection and make e-commerce transactions faste and more secure for all parties involved. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for WAXP on Dec. 4, prior to the recent price rise. VORTECS™ Score (green) vs. WAXP price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for WAX spiked into the green zone on Dec. 4 and reached a high of 81 around 40 hours before the price increased 84.8% over the next two days.The spike in momentum for WAXP comes as it was announced that Amazon had entered the WAX ecosystem after making an investment in the collectible marketplace Dibbs while it was also announced that three leading toy companies, Funko, Mattel and Hasbro, have partnered with WAX for “Sellout Collections.” Related: Bitcoin rebounds on Wall Street open as exchange BTC reserves plunge after $42K dipAleph provides analytics support for SerumAleph.im is a cross-chain protocol focused on the creation of a decentralized database including file storage, computing and a decentralized identity (DID) framework.VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for ALEPH on Dec. 5, prior to the recent price rise. VORTECS™ Score (green) vs. ALEPH price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for ALEPH hit a high score of 80 on Dec. 5, around 31 hours before the price increased 38% over the next two days. The climbing price of ALEPH comes after the protocol announced that it is now providing its indexing solution to the Solana-based decentralized exchange Serum, a move which should help to increase the ability to obtain DeFi analytics on the Solana network. The overall cryptocurrency market cap now stands at $2.373 trillion and Bitcoin’s dominance rate is 40.1%.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Ubisoft launches Ubisoft Quartz platform for playable and energy-efficient NFTs

French video game publisher Ubisoft announced its first foray into nonfungible tokens (NFTs) via a new platform called Ubisoft Quartz to launch in beta this week with Ghost Recon Breakpoint for PC players on Ubisoft Connect. Introducing Ubisoft Quartz We’re bringing the first energy efficient NFTs playable in a AAA game to Ghost Recon: Breakpoint!Try it in the beta from December 9 with three free cosmetic drops and learn more here: https://t.co/ysEoYUI4HY pic.twitter.com/owSFE2ALuS— Ubisoft (@Ubisoft) December 7, 2021Related: Microsoft muscles into the metaverse with Teams updates and Xbox upgradesAccording to a statement shared on the Ubisoft website, players can get collectible pieces of Ubisoft game worlds called Digits, which are “the first NFTs playable in AAA games and running on energy-efficient technology.” Digits, such as in-game vehicles or weapons, will be released in limited quantities and editions and rewarded to early adopters for free on December 9, 12, and 15 in the United States and Canada. Quartz will also be available in Brazil, Spain, France, Belgium, Germany, Italy and Australia.Ubisoft Quartz’ energy-efficient technology is leveraged on the proof-of-stake blockchain Tezos. Didier Genevois, Ubisoft’s blockchain technical director, expressed the company’s commitment to reducing its global footprint in an interview published on the corporate website:“This type of blockchain achieves the same results while using significantly less energy than proof-of-work protocols. To give you an idea, a transaction on Tezos is equivalent to 30 seconds of video streaming, while on Bitcoin, it is equivalent to watching one year straight of video streaming!”Previously, however, Ubisoft had partnered with distribution platform Ultra to leverage its games on the UOS blockchain. Cointelegraph reached out to Ubisoft to learn about their relationship with Ultra. No comment was received before the time of publication.Related: Ubisoft will seek to invest in and create blockchain gamesIn the same interview with Genevois, Ubisoft’s blockchain product director Baptiste Chardon added his take on NFTs and gaming:“This new approach can even, on a longer term, open up new opportunities such as interoperability between games. […] We see blockchain as a means of placing back into the hands of players and creators the value they generate through their engagement with their games.”Ubisoft ranks among the top 25 largest gaming companies worldwide in terms of market capitalization, hovering over $5.8 billion. And it is significant that a AAA gaming company is championing blockchain technology when other companies like Valve have recently removed blockchain games from their marketplaces.

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3 reasons why Tezos (XTZ) price broke its downtrend with a 50% rally

2021 has been a breakout year for the cryptocurrency market and aside from Bitcoin price soaring to new highs, the emergence of a vast decentralized finance (DeFi) ecosystem and the rising popularity of nonfungible tokens (NFTs) has thrust blockchain technology into the mainstream in a way that looks guaranteed to ensure mass adoption. One project that has benefited from its focus on NFTs and the ongoing green revolution is Tezos (XTZ), a layer-one smart contract protocol that is capable of evolving its network without needing to undergo a hard fork. Data from Cointelegraph Markets Pro and TradingView shows that after hitting a low of $3.23 on Dec. 3, the price of XTZ reversed course, gaining 68% to reach an intraday high of $5.45.XTZ/USDT 1-day chart. Source: TradingViewThree reasons for the price recovery seen in Tezos are the launch of Ubisoft NFTs on the Tezos blockchain, the projects’ focus on creating an environmentally friendly blockchain platform and rising transactions and protocol revenue on the Tezos network. Partnership with UbisoftThe most recent development for Tezos, which really got the price moving, was the announcement of a significant partnership with video game maker Ubisoft.  The gaming company is launching Ubisoft Quartz, a platform where users can acquire unique NFTs called Digits, which can be used in-game and the platform will utilize Tezos blockchain..@Ubisoft Quartz is built on @Tezos, an energy-efficient and self-upgradable Proof of Stake blockchain.Learn more at https://t.co/MzfgmL4IrX#Tezos #CleanNFT #BlockchainEvolved https://t.co/XlSEZeVlmM— Tezos (@tezos) December 7, 2021Blockchain-based gaming has emerged as one of the hottest sectors of the cryptocurrency ecosystem in the second half of 2021 and a partnership with one of the largest video game makers in the world could lead to long-term bullish outcomes for Tezos.The beta for Ubisoft Quartz is scheduled to launch on Dec. 9 and will be open to players of Tom Clancy’s Ghost Recon: Breakpoint. Players who meet certain criteria will be able to claim three free cosmetic NFTs from drops for early adopters of the platform. Focus on environmental sustainabilityAnother reason for the growing strength of Tezos is the protocol’s focus on creating an environmentally friendly and sustainable blockchain network. The network utilizes a proof-of-stake consensus mechanism that is known to offer an energy-efficient alternative to more traditional proof-of-work blockchains such as Bitcoin (BTC).According to a report released by the project, “the total annual carbon footprint of the Tezos blockchain is equivalent to the average energy footprint of 17 global citizens.”Reducing the energy required to operate the Tezos network, which has been a goal of the project for some time, has resulted in a 70% increase in energy efficiency on a per-transaction basis for the network in 2021, resulting in the “electricity requirement per transaction being less than 30% in 2021 than what it was in 2020.”Related: Tezos blockchain records 70% increase in energy efficiency in 2021: PwC reportTransaction volumes and revenues riseIn just the past few days, the Tezos network has seen an increase in transaction volume and protocol revenue as each spiked to the highest levels seen in 2021. XTZ daily transaction volume vs. total revenue. Source: Token TerminalAs seen in the graph above, the transaction volume on Tezos surged to a record-high $369 million on Dec. 3, which could be a hint that some investors had caught wind of the Ubisoft news. The jump in activity and revenue came as the project announced the completion of its Hangzhou upgrade, the eighth protocol upgrade for the Tezos network, which demonstrated the project’s ability to self-amend and upgrade without the need to conduct a hard fork. VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for XTZ on Dec. 5, prior to the recent price rise. The VORTECS™ Score, exclusive to Cointelegraph, is an algorithmic comparison of historical and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.VORTECS™ Score (green) vs. XTZ price. Source: Cointelegraph Markets ProAs seen in the chart above, the VORTECS™ Score for XTZ began to pick up on Dec. 4 and reached a high of 87 on Dec. 5, around 21 hours before the price increased 49% over the next two days.The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Tezos blockchain notes power savings after PoS switch: PwC report

Tezos, a privacy focused blockchain network, released its carbon footprint report from PricewaterhouseCoopers Advisory SAS — a French member firm of the PwC network of member firms. The PwC report reflects drastic improvements in energy efficiency for Tezos since moving from a proof-of-work (PoW) mining consensus to a proof-of-stake (PoS) one. The PwC report highlighted a significant decline in carbon emission by Tezos network despite a rise in network activity. Tezos blockchain accounted for 50 million transactions while, according to the report, the whole network constituted an energy footprint of 17 world citizens. The energy efficiency for each transaction on the network increased by 70% while the estimated electricity requirement per transaction was 30% lower than in 2020.”As more brands and companies factor energy consumption into business decisions, an energy efficient blockchain like Tezos is well poised to meet their needs and deliver efficient, secure, and reliable operations,” said Reid Yager, global director of communications at Blokhaus, a marketing firm associated with Tezos.The annual energy consumption of the Tezos network is estimated to be at 0.001 Terawatt hours (TWh), which is negligible when compared to the likes of Bitcoin (BTC) at 130 TWh and Ethereum (ETH) at 26 TWh. Tezos consumes nearly 2.5 g CO2 equivalent per transactionRelated: French retail giant will launch Tezos-based stablecoinThe change to PoS has not only helped the Tezos network decrease its carbon footprint, but also opened new avenues in the nonfungible tokens (NFT) and decentralized finance. Tezos has been selected by Red Bull Racing, Honda and McLaren Racing as their NFT launch platform. It was also awarded as the blockchain of choice by Art Basel Miami Beach for its ecosystem exhibition.There has been a significant increase in the number of blockchain networks making a switch from PoW to PoS owing to energy consumption issues and scalability complexities. Apart from Tezos, ZCash (ZEC), another privacy focused blockchain network. is making a switch to PoS. Most of the blockchain networks making the switch are looking to steer clear of the energy consumption FUD associated with the PoW mining consensus.

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