Connect with us
[crypto-donation-box]

News

Korbit Exchange Launches NFT Marketplace in South Korea

Avatar

Published

on

  • Korbit crypto exchange launched a new NFT marketplace.
  • The marketplace is the first of its kind in South Korea.
  • The launch comes hot on the heels of India’s recently launched NFT marketplace.

Korbit crypto exchange has launched South Korea’s first non-fungible token (NFT) marketplace. Notably, the new marketplace will be part of the largest NFT network on the Ethereum blockchain.

Korbit CEO Oh Se-jin noted,

“The local NFT market is still in a fledgling stage, compared to global ones, and the Korbit platform will help create synergy between the blockchain ecosystem and various sectors, including art, visual media, and gaming.”

With a local NFT marketplace, local creators and investors will now be able to leverage the unique opportunities provided by NFTs.

Prior to this, WazirX crypto exchange launchedIndia’s first NFT marketplace earlier this week. The WazirX NFT marketplace is the first of its kind in India and the whole of southeast Asia. As such, the two developments occurring so close to each other is proof that NFT adoption is growing at a fast pace.

In addition, as a relatively new asset class, NFT use cases are still being explored. For instance, loyalty rewards platform, Womplay, is in the process of addingNFT rewards. Once completed, Womplay will begin rewarding gamers with NFTs. Also, the platform will create exclusive features that can only be unlocked using NFTs.

Meanwhile, the South Korean crypto market is thriving despite continued regulatory uncertainty. Recently, one of the presidential candidates and Gyeonggi Province GovernorLee Jae-Myung proposed pushing back the crypto tax by a year.

Source: https://coinquora.com/korbit-exchange-launches-nft-marketplace-in-south-korea/

Blockchain

Why this market veteran is a fan of Cardano and Polkadot?

Republished by Plato

Published

on

Altcoins, as a whole, have seen an unprecedented amount of development and adoption over the past year. Altcoin market dominance rose from an almost negligible share to above 55% in the present time.

Earlier,  investors who bet on Bitcoin and Ethereum (ETH) in the very early stages have made a significant chunk of profit. However, the prices of these two cryptocurrencies have appreciated. Since their meteoric rise, everyone is on the lookout for the next bitcoin and the next Ethereum.

Well, the good news is there are still cryptocurrencies out there that have great potential, and they have lower price entry points. Cardano‘s native coin ADA and Polkadot (DOT) have seen a good year. Consequently, they are neck and neck in rankings by market cap and both are among the top ten cryptos. While the former ranked 5th and was trading at the $1.45 price level, the latter ranked 9th, trading at $20.48.

The two altcoins also took the lead in total staked value.

Source: Staking rewards

Anthony Di Iorio, a Canadian entrepreneur and also one of the original members who built Ethereum network opined on these two alts in a recent interview with Anthony Pompliano.

The current CEO of Canadian blockchain startup Decentral and crypto wallet Jaxx believed in the coins’ potential to grow further because ‘the projects are managed by goal-oriented individuals.’

He stated:

“Now I’ve kind of fallen back to just simplicity. I’m in a number of different projects, but the majority of my stuff is in the top projects. I’m a big fan of Polkadot, I’m a big fan of Cardano.”

It’s no surprise, having worked with Cardano’s Charles Hoskinson, and Polkadot’s Gavin Wood, that Di Iorio forged strong relationships with these individuals.

“Big fan of Charles, let’s say that. You know, taking some different approaches in the way that they’re doing things, much more on the academic side of what he’s done and bringing stuff forward. Real big fan of Gavin Wood.”

Further adding to his remarks, he said:

“Knowing those guys from the days back at Ethereum – and knowing their drive and knowing their competitiveness and their smarts – I was able to see those projects for the last few years and know that they were gonna get to where they’ve gotten up to.”


Subscribe to our Newsletter


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/why-this-market-veteran-is-a-fan-of-cardano-and-polkadot

Continue Reading

Blockchain

All About Solana And Why It’s The Game-Changer Crypto Of The Year

Republished by Plato

Published

on

All About Solana And Why It's The Game-Changer Crypto Of The Year

Advertisement &  & 

While no one can deny the massive influence of Bitcoin on the cryptocurrency and blockchain worlds, and no one can possibly refute the utility of the Ethereum blockchain, there are many other smaller players who are changing the landscape at breakneck speeds. One of these players that have emerged as a key competitor to becoming the top dog of smart contract platforms is Solana.

Solana is a fast, secure, and censorship-resistant blockchain providing the open infrastructure required for global adoption. They aim to solve the problem of high fees and slow transaction speeds when executing smart contracts. But how do they plan to do this? First, let’s talk about Solana’s history.

Solana was founded by Anatoly Yakovenko in 2017 when Yakovenko published a whitepaper draft proposing a new timekeeping and validation technique for distributed systems. For context, Bitcoin and Ethereum’s blockchains utilize the Proof-of-Work (PoW) concept while blockchains like Cardano and Polkadot use the Proof-of-Stake (PoS) method.

As a side note, Ethereum will be moving over to the Proof-of-Stake methodology upon the completion of the Ethereum 2.0 upgrade. Solana, on the other hand, uses a consensus algorithm called Proof-of-History (PoH) combined with the underlying Proof-of-Stake (PoS) consensus of the blockchain.

In simple terms, PoH is a technique to cryptographically verify the passage of time between two events, or keeping time between computers, in essence making time the constant in between nodes that need to validate each other. This is done by implementing a mechanism that has existed in Bitcoin’s source code called nLocktime, which is a cryptographically secure way to keep track of time.

Advertisement &  & 

From Yakovenko’s prior experience at companies such as Qualcomm, Mesosphere, and Dropbox, he knew that use of this technique would simplify network synchronization, which means the network speed would be limited only by network bandwidth. In Solana’s own words, “once nodes can trust time, suddenly ~40 years of distributed systems research becomes applicable to blockchain!” Today, Yakovenka is joined at Solana by his Qualcomm colleague Greg Fitzgerald as well as top talent from global organizations such as Intel, Google, Microsoft, Dropbox, and more.

Okay, so now we know what makes Solana tick, but how does this matter in the grand scheme of things? Well, let’s get into it, on a high level. Before we go further, we’ll need to understand a few key components of the Solana ecosystem.

First, a Solana Cluster: is a set of independently owned computers working together (and sometimes against each other) to verify the output of untrusted, user-submitted programs. Basically, a decentralized network of computers working together, like a massive beehive that is separated by land and sea. These Clusters are used to preserve an immutable record of events. The Clusters do this by producing a record of events called the ledger, which will be preserved for the lifetime of the Cluster.

Next, we need to talk about SOLs. A SOL is the name of Solana’s native token, which can be passed to nodes in a Solana cluster in exchange for running an on-chain program or validating its output. Just like fractional Bitcoins are called satoshis, fractional SOLs are called lamports, named in honor of Leslie Lamport, an American computer scientist best known for his seminal work in distributed systems. A lamport has a value of 0.000000001 SOL. The Solana Foundation has announced that a total of 489 million SOL tokens will be released in circulation. At the moment, about 270 million of these have already entered the market.

Solana, using the unique Proof-of History method, has been gaining amazing traction in the cryptocurrency space because of the incredibly short processing and validation times that are made possible by the blockchain. The Solana team has designed the ecosystem so that transaction costs will be kept low while scalability and speedy processing times always remain a key priority.

Apart from Proof of History, Solana also lists 7 other core competencies that sets them apart, namely,

  • Tower BFT (Byzantine Fault Tolerance)
  • Turbine
  • Gulf Stream
  • Sealevel
  • Pipelining
  • Cloudbreak
  • Archivers

In order to not let this article become too technical and wordy, we’re not going to go into all of them for now, but will perhaps touch on them in later articles. For now, understanding Proof-of-History will suffice to tell of Solana’s uniqueness.

Now what about the business continuity of Solana as a project. In terms of financials, Solana has raised $20 million in a Series A round led by Multicoin Capital. More fundraising efforts are in the works as well. Solana has also attracted amazing projects such as the decentralized exchange, Serum, launched by FTX, the renowned cryptocurrency exchange. Other awesome projects that capitalize on Solana’s blockchain are such as Raydium, ROPE, and Audius.

With all the unique offerings and promising partnerships developing for Solana, it would be safe to say that Solana is nothing short of a game-changer in the cryptocurrency space. It is definitely something to keep an eye out for.


*Nothing in this article should be construed as financial advice and buy or sell calls.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://zycrypto.com/all-about-solana-and-why-its-the-game-changer-crypto-of-the-year/

Continue Reading

Blockchain

MicroStrategy Is Ready To Splash Half A Billion Dollars On The Bitcoin Market

Republished by Plato

Published

on

MicroStrategy Wants To Buy An Additional $600 Million Worth Of Bitcoin

Advertisement &  & 

Michael Saylor’s MicroStrategy is gearing up to invest nearly half a billion dollars in bitcoin following the close of its offering as it pertains to the sales of senior secured notes. Earlier this month, the company announced plans to sell with a view to funding additional investment in Bitcoin. The press release revealing as much comes in the wake of Bitcoin dropping drastically over the past several weeks.

While lots of people have been selling their holdings as a result of the numerous grim bits of news concerning the asset and its future – from Elon Musk’s tweets to certain governments taking a stance – there are a number of experts, such as Saylor, who remain firm proponents of the cryptocurrency.

MicroStrategy Can’t Get Enough Bitcoin

On Monday, Saylor took to Twitter to share a securities filing detailing the close of said sale. The notes in question are due in 2028 and incur an annual interest rate of 6.125%. MicroStrategy was able to raise $500 million, leaving the company with $488 million to invest after they deduct initial purchaser discounts and other expenses.

MicroStrategy made it a point to note that the proceeds will be used to acquire more Bitcoin.

“MicroStrategy intends to use the net proceeds from the sale of the notes to acquire additional bitcoin,” the latest press release reads.

Advertisement &  & 

The bond sale marks MicroStrategy’s third with the intent to secure Bitcoin in less than a year. The company has, of course, been a longtime investor and the announcement appears to have sparked a rise in price. The crypto asset reached its highest point in over two weeks this Monday, going as high as $41,046.77, an 11% rise from Friday’s price.

BTCUSD Chart By TradingView

“That [MicroStrategy offering] is going to be a massive upward price catalyst because $488 million is a lot of inflow,” Meltem Demirors, chief strategy officer at CoinShares in London, was quoted as saying. “Traders are going to position themselves around that event because they know there is going to be volatility.”

The Latest From Elon Musk

Bitcoin’s rise in price is also likely to have something to do with Elon Musk’s recent tweet in which he declared an intention to have Tesla start accepting BTC again once green mining is confirmed to have reached 50%.

“When there’s confirmation of reasonable (~50%) clean energy usage by miners with positive future trend, Tesla will resume allowing Bitcoin transactions,” the Tesla CEO tweeted on Sunday.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://zycrypto.com/microstrategy-is-ready-to-splash-half-a-billion-dollars-on-the-bitcoin-market/

Continue Reading
Blockchain3 days ago

Trouble Looms For Bitcoin As U.S Looks to Bar Holders From Converting Crypto To USD

Blockchain3 days ago

MT5 Will Phase Out MT4, but It Will Take Time

Blockchain3 days ago

LegendsOfCrypto Performance Update

Blockchain5 days ago

Axie Infinity Price Prediction 2021-2025: AXS Token Can Hit $40 by 2025

Blockchain4 days ago

TrustDice Review: Features & Promotions

Blockchain3 days ago

XRP might hit this three-figure price mark; Here’s the when and the how

Blockchain4 days ago

Third-Party Results of Credits’ Blockchain Speed Test

Blockchain4 days ago

Kraken Reconsidering IPO

4 days ago

How to vote for Valorant Community Battlepass?

Blockchain5 days ago

China’s Police Arrests Over 1,000 Crypto Traders on Fraud and Money Laundering Charges

Blockchain4 days ago

U.S. Senator Warren Urged To Regulate Cryptocurrencies

Blockchain3 days ago

FootballCoin launches Euro 2020 Fantasy game with NFTs and XFC prizes

Uncategorized4 days ago

Hackers Double Down On Bitcoin Demanding $11m In Latest Ransomware Attack

Blockchain3 days ago

Turkey Intends to Craft Broader Cryptocurrency Regulations Rather Calling a Ban

Uncategorized4 days ago

How to Buy Hut 8 Mining Stock, Step by Step (with Screenshots)

Blockchain4 days ago

1xBit announces EUROMANIA for EURO 2021

Blockchain5 days ago

395,903 ETH Exit Coinbase, CryptoQuant Founder Points at OTC Deals

Uncategorized11 hours ago

Mark Cuban: DeFi could be the ‘next great growth engine’ for the US

Blockchain5 days ago

Crypto Exposure Protocols on the Agenda for Global Banking Regulator

Blockchain4 days ago

Bitcoin Value Soars to $38,250 as Basel Committee Takes Note

Trending