technology
Can internet outages really disrupt crypto networks?
In the wee hours of Oct. 18, several parts of Europe, America and Asia were left without any internet due to several undersea internet cables being “cut,” causing a chain reaction of connectivity problems across the globe. France, Italy and Spain, in particular, were faced with significant outages, with many experts claiming that vandals were to be blamed for the same. According to Jay Chaudhary, CEO of Zscaler — an American cloud security company — there is no doubt that nefarious third-party agents were to be blamed for the cut cables that resulted in packet data losses as well as latency for various websites and applications, adding that despite their best efforts authorities have been unable to pin down the individuals responsible for the attacks. Furthermore, it bears mentioning that ...
14 years since the Bitcoin white paper: Why it matters
Happy white paper day, Bitcoin. It’s been 14 years since Satoshi Nakamoto first sent an email to the Cypherpunk mailing list with the subject line, “Bitcoin P2P e-cash Paper.” The email included a link to the white paper, an outline of what would soon become a one trillion-dollar market. The first sentence of the email has become iconic among the Bitcoin community: “I’ve been working on a new electronic cash system that’s fully peer-to-peer, with no trusted third party.” Over the past 14 years, Bitcoin (BTC) has morphed from a hobbyist pastime into a globally recognized brand. Bitcoin has been adopted as legal tender in regions of the global south such as El Salvador and the Central African Republic. It is used by freedom fighters and campaigners while being a tool for financial eman...
Tech talent migrates to Web3 as large companies face layoffs
As inflation continues to grow, coupled with a looming recession, many tech firms are having to cut portions of their staff. To put this in perspective, data from Layoffs.fyi found that over 700 tech startups have experienced layoffs this year, impacting at least 93,519 employees globally. It has also been reported that tech giants like Google, Netflix and Apple are undergoing massive job cuts. While many of these layoffs are likely due to an economic downturn, this has resulted in an overwhelming amount of talent flocking to early-stage Web3 companies. For example, Andrew Masanto, a serial entrepreneur who has founded a number of startups, told Cointelegraph that he recently launched Nillion, a startup specializing in decentralized computation, to help ensure privacy and confidentia...
What directional liquidity pooling brings to DeFi
Modern decentralized exchanges (DEXs) mainly rely on liquidity providers (LP) to provide the tokens that are being traded. These liquidity providers are rewarded by receiving a portion of the trading fees generated on the DEX. Unfortunately, while liquidity providers earn an income via fees, they’re exposed to impermanent loss if the price of their deposited assets changes. Directional liquidity pooling is a new method that is different from the traditional system used by DEXs and aims to reduce the risk of impermanent loss for liquidity providers. What is directional liquidity pooling? Directional liquidity pooling is a system developed by Maverick automated market maker (AMM). The system lets liquidity providers control how their capital is used based on predicted price changes. In the t...
NFT project Azuki launches Physical Backed Token
Anime-inspired nonfungible token (NFT) project Azuki has released a Physical Backed Token (PBT) — an open-source token standard that ties a physical item to a digital token on the Ethereum blockchain. Azuki shared on its Twitter account that the first implementation of the PBT will use the BEAN Chip; a physical cryptographic chip that self-generates an asymmetric key pair. The combination of the PBT and the BEAN Chip introduces a feature, which the project is calling “scan to own”. Introducing the Physical Backed Token (PBT): an open source token standard tying a physical item to a digital token on the Ethereum blockchain. pic.twitter.com/iXavmJR5xv — Azuki (@AzukiOfficial) October 17, 2022 According to the information shared by the Azuki team: “Scanning the chip with your phone all...
Blockchain gaming adoption means more options for gamers
Over the past couple of years, games that use blockchain technology have increased their presence in the gaming industry. While there were early examples like CryptoKitties — launched in 2017 — the trend has truly gained steam, with major gaming studios even exploring the technology. At the beginning of 2022, the market capitalization of blockchain games was around $25 billion and it doesn’t seem to be decreasing anytime soon, even in the depths of a bear market. According to the analytical service DappRadar, the two most stable areas this year in the cryptocurrency market are blockchain games and nonfungible tokens (NFT), which have recently become very tightly intertwined, creating a new economic phenomenon. A striking example here is the well-known game Axie Infinity, the token price of...
To HODL or have kids? The IVF Bitcoin Babies paid for with BTC profits
Hold Bitcoin till the very end or sell a little bit to start a family? For one Bitcoiner in northwest London, it was a no-brainer. Noodle (a nickname), a Brit who first heard about Bitcoin around 2012, took profits on his Bitcoin buys to pay for in vitro fertilization (IVF) treatment for his wife. He told Cointelegraph he has “no regrets,” about his decision to start a family using fiat-denominated profits from buying, holding, a then selling Bitcoin. Welcoming Noodle Jr II to this crazy world. After a tough 6 days in hospital due to unforeseen complications, Mrs Noodle and I, couldn’t be happier to bring this little hodler home! pic.twitter.com/JvlLfzABgg — Noodle ⚡️ (@NoodleNakamoto) June 14, 2022 Noodle first found out about Bitcoin at the tail end of 2012, when 1 BTC was ...
Smart contract-enabled insurance holds promise, but can it be scaled?
A new insurance world is coming where smart contracts replace insurance documents, blockchain “oracles” supplant claim adjusters, and decentralized autonomous organizations (DAOs) take over traditional insurance carriers. Millions of poor farmers in Africa and Asia will be eligible for coverages like crop insurance too, whereas before, they were too poor and too dispersed to justify the cost of underwriting. That is the vision, anyway, on display in the recent Smartcon 2022, a two-day conference that sought to provide “exclusive insights into the next generation of Web3 innovation.” Subsistence farms, where families basically live off what they grow and almost nothing is left over, account for as much as two-thirds of the developing world’s three billion rural people, according to the Unit...
What is Navigational Satellites?
Tweet Tweet Share Whatsapp reddit Navigational Satellites are satellites that helps in navigating an areas, known or unknown areas can be access through navigational Satellites. This satellites are often used by ships and Planes. The most popular navigational satellites are Global positioning system (GPS), and Navigation Signal Timing and Ranging (NAVSTAR). .u267435d7ee566a6dc82d5cd4de4964a1 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:inherit; border:0!important; border-left:4px solid #16A085!important; box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -moz-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -o-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); -webkit-box-shadow: 0 1px 2px rgba(0, 0, 0, 0.17); t...
We Came Up With Bizarre Descriptions of DJs—Then Used Artificial Intelligence to Bring Them to Life
There’s nothing that blurs the line between frightening and fascinating quite like artificial intelligence. And since artificial intelligence and electronic music are becoming more symbiotic by the day, the staff here at EDM.com wanted to see just how far it could go in a visual sense. So we came up with bizarre descriptions of artists and fed them through A.I. art generators. Some images are photorealistic. Others are fancifully distorted. And the majority of them are flat-out creepy. But we digress. Read on to see our weird and wonderful creations. TOKiMONSTA “TOKiMONSTA DJing in a neon sky arcade with golden canaries” by Jason Heffler. Jason Heffler REZZ “REZZ DJ as painted by Salvador Dalí” by Nick Yopko. Nick Yopko Flume R...
Bitcoin Lightning Network capacity strikes 5,000 BTC
Bear markets are for building out capacity on the layer-2 Lightning Network. Despite macroeconomic headwinds and sluggish price action, the Lightning Network, the layer-2 payments solution fo Bitcoin (BTC), continues to flourish. The Bitcoin Lightning Network reached a milestone capacity of 5,000 BTC ($96 million). In effect, more and more Bitcoin is being introduced to Lightning Network payment channels worldwide, as Bitcoiners continue to support the growth of the network. Bitcoin Lightning Network capacity. Source: Look into Bitcoin The Lightning Network allows users to send Bitcoin (or satoshis, the smallest amount of a Bitcoin) to send or receive money faster and with lower fees. The more capacity on the network, the more liquidity is on hand. As a result, users can experience faster ...
What remains in the NFT market now that the dust has settled?
Over the last two years, nonfungible tokens (NFTs) have emerged as one of the most active and noticeable aspects of Web3. The data stored on blockchains by NFTs may be connected with files that include various forms of media, such as photographs, videos and audio. In certain instances, it can even be related to physical items. The owner of an NFT will often have ownership rights over the data, material or item connected with the token, and these tokens are typically purchased and traded on specialized markets. The rise of NFTs was meteoric in 2021, but it hasn’t been very steady since then, and it seems to have fallen sharply in 2022. Why NFTs exploded in popularity in 2021 In 2021, two of the most active markets for NFTs were collectible art projects and the video game industry. NFT...
