Category: Decentralized

Eidoo to Burn 80% of Company’s Token Holdings to Kickstart One of the Biggest Daos in Defi

Eidoo to Burn 80% of Company’s Token Holdings to Kickstart One of the Biggest Daos in DefiSwitzerland, 4th June 2020. Swiss-based crypto platform Eidoo is upgrading its native utility token into a governance token that will power a new cross-chain DAO. In a collaborative decision by Eidoo and pTokens, the $EDO token will be upgraded into $PNT later this month so that it can be used, staked and earn interest within […]

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Amid Youtube Censorship, Individuals Flock to Decentralized Video Sharing Apps Like Lbry.tv

Amid Youtube Censorship, Individuals Flock to Decentralized Video Sharing Apps Like Lbry.tvIn mid-May, news.Bitcoin.com reported on one of our mining pool videos being censored and banned from the video-sharing platform Youtube. The report had shown how Youtube has been censoring videos for a long time now, and the CEO specifically told the public certain coronavirus films would be removed. Youtube’s censorship has caused a number of […]

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Drawbacks of Cryptocurrency Exchanges – How Non-Custodial Services Are the Solution

Drawbacks of Cryptocurrency Exchanges - How Non-Custodial Services Are the SolutionCryptocurrency exchanges are online platforms where one can buy, sell, or trade cryptocurrencies. The aim of crypto exchanges is to connect buyers and sellers by creating a cycle of supply and demand in one place. Centralized vs Decentralized Exchanges However, almost every exchange is prone to hacking, has privacy issues, and users could end up […]

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The Government Can’t Stand Decentralized Innovations Like Bitcoin, so It Tries to Ruin Them

The Government Can’t Stand Decentralized Innovations Like Bitcoin, so It Tries to Ruin ThemFeeding the homeless, affordable medicine, an easy-to-use gas can design, starting a small business to meet the needs of one’s community — borderless, permissionless P2P electronic payments. These are all simple, practical activities and tools that can be leveraged in decentralized fashion to benefit human societies immensely. So why do we see governments consistently and […]

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IOTA Network Down for 11 Days – Devs Claim Mainnet Will Be Operational Next Month

IOTA Network Down for 11 Days - Devs Claim Mainnet Will be Operational Next MonthThe IOTA network has been down for approximately 11 days and the IOTA Foundation doesn’t expect the mainnet to be reactivated until March 2. On February 14, our newsdesk reported on the beginnings of the IOTA outage, when the network status page indicated that it was down. The page still warns IOTA’s mainnet is “not […]

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DEX Volume Soars But Bzx Exploit Raises Questions About ‘Decentralization Theatre’

DEX Volume Soars But Bzx Exploit Raises Questions About ‘Decentralization Theatre’As the decentralized finance juggernaut rolls inexorably forward, the exploitation of defi project Bzx – in which $350K, or around 2% of total assets was taken – has called the decentralization of the industry into doubt. The attack forced an admin key reset to redeem lost funds and sparked a surge in defi insurance, with […]

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Ethereum vs Tron: Comparing Data, Defi and Stablecoins from Both Chains After Viral Tweet

Ethereum vs Tron: Comparing Data from Both Networks After Viral TweetOn February 7, Cold Card and Opendime creator, Rodolfo Novak (also known as NVK), tweeted a picture of himself with Tron founder Justin Sun and Blockstream’s CEO Adam Back. Novak said “Ethereum was over” and the three had a plan to move Tron to Liquid, a network that leverages the BTC chain. Whether the tweet […]

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IMF Has Another Trick Up Its Sleeve When Fiat Fails – Its Own Coin SDR

IMF Has Another Trick Up Its Sleeve When Fiat Fails - Its Own Coin SDRVirtually everybody knows what a dollar is, but not as many know about the SDR. The International Monetary Fund’s (IMF) Special Drawing Rights is an international, monetary reserve system created specifically to address limitations of gold and standard fiat currencies such as the USD. In short, should these fail, central banks and their governments retain […]

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Decentralized Exchanges Are Evolving at Last

Decentralized Exchanges Are Evolving at LastThe humble DEX has come a long way since the days of Etherdelta. While not all of those steps have been forward – such as the enforcement of KYC on IDEX – the scope and quality of decentralized trading platforms has evolved greatly. As an examination of several new and emerging platforms shows, DEXs can […]

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Traders Bemoan New Localbitcoins Identity Requirements

Traders Complain About Localbitcoins Latest Identity RequirementsRecent data shows that countries with corrupt governments have a strong correlation with Localbitcoins trade volumes. However, even though the over-the-counter (OTC) marketplace Localbitcoins has grown massive over the years, traders are complaining about heightened know-your-customer/anti-money laundering requirements. The exchange recently changed its KYC/AML guidelines on September 1 and users say more verification mandates might […]

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BCH Microblog ‘Member’ Shows the Future of Reddit-Like Forums

BCH-Based Microblog Member Shows the Future of Reddit-Like ForumsSince the Bitcoin Cash upgrade in May 2018, software developers have unleashed a slew of microblogging protocols that utilize OP_return transactions. One application called Member is a BCH-based browser that makes use of these types of transactions and the extra space added to the data carrier size. While still in its infancy, the Member platform […]

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An In-Depth Look at Iris, a New Decentralized Social Network

An In-Depth Look at Iris a New Decentralized Social Networking PlatformCryptocurrency advocates have been discussing a new social media platform designed by one of Bitcoin’s earliest developers Martti Malmi, otherwise known as Sirius. The project he designed, called Iris, is a social networking application that stores and indexes everything on the user’s devices and connects directly with peers rather than using centralized and privacy-invasive algorithms. […]

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A Bitcoin Cash Fork of Decentralized Exchange Bisq Is on the Horizon

A Bitcoin Cash-Supporting Fork of the Decentralized Exchange Bisq Is on the HorizonTwo Bitcoin Cash (BCH) community members recently offered up a bounty for someone to fork the decentralized trading platform Bisq using BCH as the native currency. Now it seems a programmer has started the project in order to port Bisq over to BCH with help from BCH developer Pokkst’s Bitcoincashj implementation. The project is still […]

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As Projects Flock to Binance Chain, Its DEX Has a Lot to Live up To

As Projects Flock to Binance Chain, Its DEX Has a Lot to Live up ToYou wouldn’t know to look at it, but Binance DEX could soon become the busiest exchange in the cryptosphere. At present, MITH is the only token tradable on there, though it will soon be joined by NOW – the first token to be added to Binance Chain – plus hundreds more if exchange boss CZ […]

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PR: Switch.ag Releases SwitchDex – a Decentralized Exchange

Switch.ag Releases SwitchDex - a Decentralized ExchangeSwitch.ag is a new kind of token exchange. Switch not only gives users the ability to seamlessly “switch” between other assets, but you can buy gift cards, donate to non profits, gamble & more.

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Decentralized Networks Aren’t as Censorship-Resistant as You Think

Decentralized Networks Aren’t as Censorship-Resistant as You ThinkCensorship resistance is a much-touted attribute of decentralized networks. They allow anyone to permanently store anything onchain without seeking permission. While this is technically true, the reality, for many supposedly decentralized blockchains, is anything but. As the fate of controversial dapps has shown, even decentralized app stores aren’t immune from censorship and deplatforming. Also read: […]

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Borderless From Block Collider Is a High-Speed DEX That Unites 5 Blockchains

Borderless From Block Collider is a High-Speed DEX That Unites 5 Major BlockchainsBorderless isn’t like other decentralized exchanges (DEXs). For one thing, it comes with its own blockchain – or rather the Block Collider chain comes with its own DEX. Throw in the ability to perform cross-chain transfers, block times that are 3x faster than Ethereum and no limits on order size, and Borderless would appear to […]

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P2P Exchange Hodl Hodl Announces New Prediction Market

P2P Exchange Hodl Hodl Announces New Prediction Markets StrategyOn Feb. 27, KYC-free cryptocurrency exchange Hodl Hodl announced a new service called Predictions, which will soon be added to the peer-to-peer trading platform. Hodl Hodl believes prediction markets are useful financial instruments within the crypto ecosystem that offer an incentive for those forecasting the specific outcome of an event. Also read: What Does the […]

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Cryptocurrency Is Providing a Lucrative New Revenue Stream for Governments

Cryptocurrency: New Lucrative Income Source for GovernmentsCryptocurrency’s resistance to government control is countered by the fact that a number of governments, including Chile, Romania, Spain and South Africa, are looking to cash in by taxing crypto assets. These countries are crafting laws that bind citizens to annually disclose cryptocurrency investments that, in some cases, are held at home and abroad, and […]

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Bisq DEX Launches DAO on Testnet as Developers Seek to Decentralize Governance

Decentralized cryptocurrency exchange Bisq has upgraded its open source software. The revamped platform includes a new user interface in addition to marking the launch of the Bisq Decentralized Autonomous Organization (DAO) on testnet. Also Read: Indian Bank Forcing Customers to Agree to Anti-Cryptocurrency Policy Bisq Launches Decentralized Autonomous Organization on Testnet The latest version of Bisq’s […]

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