technology
This Air-Powered Hybrid of a Vehicle and Musical Instrument Tests the Limits of Sound
I don’t mean to toot my own horn… As part of its “Two Yamahas, One Passion” joint project, Yamaha Design Lab has designed an unexpected piece of technology: a mobile musical instrument powered by gas and air. With the new concept, dubbed “Untitled Instrument,” two Yamaha departments joined forces to re-envision the principle of sound and how it can be used in conjunction with modern day automotive engineering technology. If the airflow through a wind or brass instrument, like a trumpet, is controlled properly, a musical scale can be played. This same air is also used to power the propulsion of the bike. Depending on how the air is converted into energy, it can bring out different outcomes. The bike is able to move when air is converted into mat...
Curve Finance resolves site exploit, directs users to revoke any recent contracts
On Aug 9, automated market maker Curve Finance took to Twitter to warn users of an exploit on its site. The team behind the protocol noted that the issue, which appeared to be an attack from a malicious actor, was affecting the service’s nameserver and frontend. Don’t use https://t.co/vOeMYOTq0l site – nameserver is compromised. Investigation is ongoing: likely the NS itself has a problem — Curve Finance (@CurveFinance) August 9, 2022 Curve stated via Twitter that its exchange — which is a separate product — appeared to be unaffected by the attack, as it uses a different DNS provider. However, the issue was quickly addressed by the team. An hour after the initial warning, Curve said it had both found and reverted the issue, directing users to have approved any contracts o...
Blockchain and NFTs are changing the publishing industry
Web3 has become the most sought-after investment sector of 2022, as use cases for nonfungible tokens (NFTs), the Metaverse and other blockchain applications come to fruition. Therefore, it shouldn’t come as a surprise that different segments of the publishing industry have begun to use Web3 technologies to transform traditional models. For example, the textbook publishing giant Pearson recently announced plans to use NFTs to track digital textbook sales to capture revenue lost on the secondary market. Time magazine, which was founded 99 years ago, has also been using NFTs to create new revenue streams, along with a sense of community within the publishing industry. Keith Grossman, the president of Time, told Cointelegraph that the magazine is demonstrating the new possibilities of en...
Nigeria’s Tizeti Seeks to Bring its Solar-Powered Internet to More African Countries
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Decentralized finance faces multiple barriers to mainstream adoption
Decentralized finance (DeFi) is a growing market popular with experienced crypto users. However, there are some roadblocks regarding mass adoption when it comes to the average non-technical investor. DeFi is a blockchain-based approach to delivering financial services that don’t rely on centralized intermediaries but instead use automated programs. These automated programs are known as smart contracts, enabling users to automatically trade and move assets on the blockchain. Protocols in the DeFi space include decentralized exchanges (DEXs), lending and borrowing platforms and yield farms. Since there are no centralized intermediaries, it’s easier for users to get involved in the DeFi ecosystem, but there are also increased risks. These risks include vulnerabilities in a protocol’s co...
How blockchain technology can revolutionize international trade
Since time immemorial, technological innovations have shaped the structure of commerce and trade. The discovery of electricity encouraged mass production and the advent of steam engines ushered in an era of mechanized production. From information to communication, technology has been used everywhere to make life easier. For this reason, blockchain technology has been tapped by many as the next big thing, considering its use cases which cut across numerous industry verticles. Mainly used in keeping records of transactions, blockchain technology is a type of distributed ledger technology. Blockchain makes a difference According to Statista, blockchain makes keeping data records easier, more transparent, and even more secure. Owing mostly to its resistance to alteration, blockchain offe...
Facebook’s metaverse will ‘misfire,’ says Vitalik Buterin
Ethereum co-founder Vitalik Buterin doesn’t believe that any of the existing attempts by corporations to create a Metaverse are “going anywhere,” pointing to Meta as being one he believes will “misfire.” Responding to a tweet from Dialectic co-founder Dean Eigenmann, who believes venture capitalists may be wrong about what constitutes an ideal metaverse, Buterin said that while he believes “The metaverse is going to happen,” he doesn’t think any of the current attempts from corporates such as Mark Zuckerberg’s Meta are “going anywhere.” The “metaverse” is going to happen but I don’t think any of the existing corporate attempts to intentionally create the metaverse are going anywhere. https://t.co/tVUfq4CWmP — vitalik.eth (@VitalikButerin) July 30, 2022 The Metaverse...
Ethereum Merge: How will the PoS transition impact the ETH ecosystem?
The Ethereum blockchain is on the verge of one of the most crucial technical updates since its inception, moving from proof-of-work (PoW) to proof-of-stake (PoS), also called Ethereum 2.0, or Eth2. Ethereum devs gave Sept. 19 as the perpetual date for the merger of the current PoW chain to the PoS chain. The Merge is expected to be deployed on the Goerli testnet in the second week of August. After the successful integration of the Goerli testnet, the blockchain will initiate the Bellatrix update in early August and roll out the Merge two weeks later. The discussion around the transition began with a focus on scalability, so Ethereum developers proposed a three-phase transformation process. The transition itself is nearly two years in the making, starting on December 1, 2020, with the...
Central Bank of Kenya Cracks Down on Flutterwave, Chipper
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Facebook Owner Reports First Ever Revenue Drop
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3 Ways to Unlock the True Potential of Wi-Fi Networks Beyond Internet Access
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Safaricom to Start Offering Coding Lessons for Kids in Kenya
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