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Demo’ing the Best of Bitcoin During the Halving

Firsthand demonstrations from some of Bitcoin’s most active builders were a cornerstone of our Bitcoin Halving live stream.

The post Demo’ing the Best of Bitcoin During the Halving appeared first on Bitcoin Magazine.

Republished by Plato

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Bitcoin Magazine’s BitcoinHalving.com 21-hour live stream was a celebration of programmable scarcity during Bitcoin’s third-ever subsidy halving. It brought panel discussions, fireside chats, technical analysis, banter, memes, music and an unforgettable decentralized countdown to Bitcoin’s global community and beyond.

Among the diverse pieces of content presented were firsthand demonstrations from some of Bitcoin’s most active builders, showcasing the products and services that will lead the way in the technology’s fourth epoch.

Nodl Dojo and Samourai Demo

Nodl offers some of Bitcoin’s most popular options for running a full node, a critical practice for those who want to maximize their sovereignty from the third parties that dictate the legacy economic system. The Nodl One, for instance, allows users to download the full Bitcoin blockchain themselves and includes extra features like full Tor implementation and integration of BTCPay Server. The Nodl Dojo is a similar device, but with the privacy-focused Samourai Wallet built in at its core.

During the BitcoinHalving.com live stream, the team from Nodl demonstrated how a Nodl Dojo is built and walked through the installation of Samourai, giving viewers a firsthand and detailed look at what goes into one of the space’s most important products.

GoTenna, Mesh Network Demo

Mesh networks are critical solutions for allowing users to access Bitcoin in truly sovereign ways — free of the middlemen that control mainstream internet servers. 

“Put simply, mesh nets are networks of peer-connected nodes that offer ‘offline’ connectivity by means of radio signals,” Bitcoin Magazine reported in March 2020. “Depending on the bandwidth of the network, you could do things like send a bitcoin transaction or download the Bitcoin blockchain.” 

During the BitcoinHalving.com live stream, Richard Myers took the virtual stage to walk users through goTenna’s mobile mesh network offering.

“One concern that people frequently have about Bitcoin is that it depends on the internet,” Myers said during the presentation. “One way Bitcoin users can reduce their dependence on centralized communications networks is by confirming bitcoin transactions without direct access to the internet.”

Fueling Merchant Adoption With OpenNode

Bitcoiners have long touted the dream of seamlessly purchasing a cup of coffee with their sats. Though that dream may remain unrealized in many cafes, the number of merchants that accept BTC is growing. In large part, this is thanks to payment processors like OpenNode.

“[OpenNode is] a bitcoin payment processor and infrastructure company designed for today’s complex digital economy,” as viewers heard during the BitcoinHalving.com live stream. “The OpeNode experience was created with flexibility in mind. This is why you can accept bitcoin with the option to instantly convert to traditional currencies like the dollar or euro. Of course, if you’d like to keep your earnings in bitcoin, you can do that too.”

By focusing on making it as easy as possible for merchants to accept BTC, OpenNode is filling a critical gap in the Bitcoin ecosystem and helping HODLers convert their coins into real-world items. They are also creating a rail that encourages merchants who might not otherwise leverage bitcoin to learn more about the technology and how it can bring them new customers, streamline their transactions and generally free them from issues in the legacy financial system.

“Other payment processors have failed to provide a smooth experience for both the customers and the businesses using them and we intend to improve the overall experience,” OpenNode CEO Afnan Rahman told Bitcoin Magazine in August 2019.

The BitcoinHalving.com live stream was host to several other high-quality demos, including one from Unchained Capital and another from Swan Bitcoin. To see more of our Halving content, visit our YouTube page.

The post Demo’ing the Best of Bitcoin During the Halving appeared first on Bitcoin Magazine.

Source: https://bitcoinmagazine.com/articles/demoing-the-best-of-bitcoin-during-the-halving?utm_source=rss&utm_medium=rss&utm_campaign=demoing-the-best-of-bitcoin-during-the-halving

Blockchain

Cuba to Fight Financial Disturbance by Potentially Adopting Crypto

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The government officials of Cuba examine crypto adoption as an instrument to overcome financial turbulence in the country. This comes a few weeks after the Cuban authorities started discussing the implementation of digital assets in the economy.

Crypto vs. Monetary Turmoil

The economic situation on the island of Cuba suffered heavy setbacks due to the consequences of the COVID-19 pandemic. Moreover, the government implemented crippling sanctions on the residents, which had a catastrophic effect on the local economy.

As Periodico Cubano reported, the president of Cuba – Miguel Díaz Canel – together with the country’s authorities, now plan to face these issues with the help of cryptocurrencies. According to the coverage, Díaz Canel discussed the possible benefits of crypto adoption in the country.

Additionally, he revealed his intentions to ”keep informing the public” about any implementations regarding the matter. However, Díaz-Canel alerted about the ongoing crypto scams on the island, calling them ”investment pyramid schemes.”

The president’s intentions did not come as a surprise. Last month the Congress of the Communist Party of Cuba (PCC) put ahead proposals that might contain finding out how digital assets can boost the shattered economy of the country.


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Back in 2019, the Cuban authorities made a similar announcement on how cryptocurrencies can deal with the country’s monetary issues. The Minister of Economy and Planning then said:

”We are considering studying the application of cryptocurrencies in national and international commercial matters. Measures of this type can allow us to move forward. We have to look for alternative means to solve economic problems.”

Similar Situation in Kenya

The move of the Cuban government to fight its financial issues with the help of cryptocurrencies is not the only global example. As CryptoPotato previously reported, Kenya’s Central Bank explored the option of using Bitcoin to boost its depreciating Shilling.

The Kenyan local currency has been on a downward trend for the past few decades and has lost nearly 50% of its value compared to the US dollar since 2010. In the past year alone, the Shilling registered a decline of 10% against the greenback.

Consequently, the Central Bank of the African country came with a plan to switch its national currency to Bitcoin. Although such a move sounds utterly risky, as no government has done it so far, Central Bank Governor Patrick Njoroge revealed his confidence in the possible project:

”Our decision to shift to Bitcoin is both tactical and logical. Our currency has always been the punching bag for the IMF. This has led to too much pressure on the Kenyan Shilling, and this has a negative effect on the economy. Bitcoin will put an end to this.”

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Source: https://cryptopotato.com/cuba-to-fight-financial-disturbance-by-potentially-adopting-crypto/

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Shiba Inu (SHIB) Mania, Dogecoin, Tesla’s Bitcoin Halt and Crypto Market Volatility: The Weekly Recap

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To say that last week was eventful would be an understatement. The entire market went through extreme volatility. Many altcoins charted new all-time highs and went through serious declines as well.

Let’s start with Bitcoin. The cryptocurrency is currently down about 10% on the weekly – last Friday, it was trading at around $57K. Unfortunately, it was all downhill from there, with the exception of the first few days as on Monday, BTC had an unsuccessful attempt at the coveted $60K mark.

On Thursday, Tesla announced that they would no longer support bitcoin payments for their vehicles, citing environmental concerns with BTC mining. This sent the entire market into a steep downturn, where the primary cryptocurrency crashed all the way to $45,700. Most altcoins followed.

Ethereum charted a fresh all-time high at around $4,400, but it was also affected by the downturn and crashed to $3,500 as a consequence. The same can be said for Binance Coin, Cardano, Ripple, and so forth.

However, Dogecoin clones such as Shiba Inu (SHIB), Akita, and so forth is where all the rage was this week.

Propelled by the sky-high increase in the price for DOGE, other cryptocurrencies with similar meme appeal, such as SHIB, Shiba Pup, Akita, and so forth, also took for the skies. Most of them shared one common trait – the developers had sent 50% of their total supply to the wallet of Vitalik Buterin as a “proof of burn.”

In a move that many didn’t see coming, however, Buterin started disposing of the billions worth of free money he had received. He donated large sums to charities in India, as well as to research facilities. This showed everyone that he doesn’t intend to keep these clone coins in a move that many considered a “rug.”

While a lot of these meme-inspired cryptocurrencies crashed and burned, some still brought massive gains to their investors. At the time of this writing, SHIB is up over 1500% over the past seven days.

All in all, it’s safe to say that it was a very exciting week in the cryptocurrency market. It’s interesting to see what the next week has in store.

Market Data

Market Cap: 2369$B | 24H Vol: 245B | BTC Dominance: 40.5%

BTC: $51,336 (-10.27%) | ETH: $4,139 (+18.36%) | XRP: $1.42 (-13.12%)

This Week’s Headlines You Better Not Miss

Vitalik Buterin Sells Off Dogecoin Clones: SHIB, AKITA, and Others Face Massive Dump. In a move that shocked many, Vitalik Buterin sold a lot of the meme-inspired Dogecoin clones that he received. This sold most of them in a severe downturn, though a lot are still performing very well over a seven-day period.

Tesla Stops Accepting Bitcoin: Price Slumps $3,000 In Response. The giant electric vehicle manufacturer, Tesla, has decided to halt payments using BTC for its cars. The company cited environmental concerns as the primary reason for the decision and stated that it would continue to hold bitcoin on its balance sheet.

MoneyGram to Enable Users to Buy Bitcoin and Withdraw it From Brick-and-Mortar Locations. One of the world’s leading money transfer companies, MoneyGram, will allow its users to buy and withdraw cryptocurrency for cash at traditional brick-and-mortar locations in the United States.

US Investment Bank Cowen to Offer Crypto Custody Services. More banks are getting involved in cryptocurrencies. Cowen Inc., a large multinational investment bank based in the US, announced plans to hold digital assets for hedge funds and asset managers.

Crypto Is the Solution to the Problem Created By the Federal Reserve: Stan Druckenmiller. Stan Druckenmiller thinks that the US Dollar could lose its status as the global reserve currency. This is because of the ongoing policy of the US Federal Reserve. He also believes that a ledger-based system can be the replacement.

eBay Now Allows the Sale of NFTs on its Platform. One of the leading online marketplaces, eBay, has become the first in its industry to jump aboard the non-fungible tokens (NFTs) bandwagon, as the company now allows the sale of NFTs on its platform.

Charts

This week we have a chart analysis of Bitcoin, Ethereum, Ripple, Cardano, and Uniswap – click here for the full price analysis.

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/shiba-inu-shib-mania-dogecoin-teslas-bitcoin-halt-and-crypto-market-volatility-the-weekly-recap/

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AllianceBlock Announces Decentralized Capital Market on Edgeware with Defi-NFT Approach

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[PR – Utrecht, The Netherlands, May 14, 2021]

AllianceBlock has announced it will launch a decentralized capital market on the Edgeware smart contract platform. The protocol brings unprecedented tooling to the Substrate-based Wasm contract palette, including NFT contract standards, Defi and DAO primitives to their peer-to-peer market, further empowering collectives and individuals to lend and fund across the network.

In the longer term, AllianceBlock is positioned to bridge traditional finance and defi through globally compliant platforms and tools – interoperating with the latest in digital organization and governance and their team’s background across both financial paradigms, including CEO Rachid Ajaja, previously at Barclays and the VINCI smart cities project:

Edgeware’s vision of building a community owned, decentralized platform with a focus on on-chain governance is perfectly in line with our own. We are seeking to build a new financial infrastructure that takes advantage of innovative technology, and Edgeware’s community treasury, facilities for DAOs, and bridging of digital and physical entities are important parts of linking DeFi with traditional finance.

We are excited to be integrating our products into Edgeware, and look forward to collaborating more moving forward.

Edgeware is currently the oldest and few of the mainnet Polkadot ecosystem smart contract platforms, enabling teams like AllianceBlock to fully test and deploy on variety of development and mainnet Substrate chains.The value alignment and technical foundation, including the opportunity to model best practices off the chain’s own governance, has made deployment on Edgeware a quick and effective launch.

Look forward to a launch AMA in the Edgeware and AllianceBlock community forums in the next few weeks.

About AllianceBlock

AllianceBlock is creating a protocol that will bridge DeFi and traditional finance (TradFi) to bring the benefits of both areas to one another and create the first decentralized capital market.

The AllianceBlock Protocol is designed to reflect how traditional finance would be built today with current technology. It incorporates new technology such as DeFi in a TradFi friendly manner, ultimately allowing us to facilitate services required by both spaces.

Long term, the decentralized blockchain-agnostic Layer 2 AllianceBlock Protocol will provide a secure and regulatory compliant gateway for billions of dollars present in TradFi to flow towards DeFi and enable DeFi platforms and protocols to be used by a much greater audience. In doing so, we will unlock DeFi for the world.

About Edgeware

Edgeware is a community-owned, fairly distributed, self-sustainable blockchain ecosystem built on Substrate with on-chain governance and a collectively managed treasury, enabling users to fund the chain’s development and teams to build projects.

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Source: https://cryptopotato.com/allianceblock-announces-decentralized-capital-market-on-edgeware-with-defi-nft-approach/

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