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RenVM Latest Integration Now Allows Fantom to Empower Users With Faster Bitcoin Transactions and Lowest Fee

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RenVM Integration Enables Fantom to Provide Superfast Bitcoin T…est Possible Fees

Here’s the good news for crypto-assets holders on major Blockchain platforms other than Fantom. The latest upgrade of RenVM’s is bringing them under the Fantom’s ecosystem, allowing super-fast and the lowest fee transactions. 

Formerly, users who belonged to other blockchains could not take advantage of  a reduced fee, fewer wait times, and low transaction fees that a Fantom’s user normally enjoys. But, with the recent integration of Fantom’s RenVM, users from different platforms are allowed to directly store their assets to Fantom with the assistance of Redbridge and significantly take up benefits of the Fantom ecosystem.

Not only this, but now users can also perform deposit and withdrawal processes regarding their crypto assets to Fantom blockchain without having to run through numerous exchanges. With the development of RenBridge, DeFi fanatics can now expand and trade practically all their assets across different blockchains to Fantom and carry out whatever exchanges are crucial without relying on a centralized exchange.

The upgrade will aid BTC, BCH, ZEC, and DOGE right from the beginning. However, others will be added shortly as the integration improves and expands. This will open more doors for users to utilize Fantom to carve their crypto portfolio as they want and make it work for them. More significantly, users will find their portfolio comes around to be quicker, more competitive, and more adaptive to shifting circumstances and market conditions.

This also indicates a rise of a completely new phase of growth for Fantom as a whole. With new partnerships and developments, Fantom will come to be an ever more dominant platform in the world of cryptocurrency. As Fantom refines more alliances and increases compatibility with additional categories of assets, its utility, dexterity, and all-around significance will only improve for portfolio holders.

Native REN assets that’ll be accessible from now on at Fantom’s blockchain are:

  • Bitcoin (BTC) -$renBTC 
  • Bitcoin Cash (BCH) – $renBCH
  • DigiByte (DGB) – $renDGB
  • Dogecoin (DOGE) – $renDOGE
  • Filecoin (FIL) – $renFIL
  • Terra (LUNA) – $renLUNA
  • Zcash (ZEC) – $renZEC

To take advantage of this new advancement, users are needed to add the Fantom Network to their MetaMask. Then users will be eligible to link their various currencies and start making moves. As this integration is still in its early phase, new improvements will be coming. You can expect to find Varen be, Curve Finance, and BadgerDAO to be added soon.

Conclusion 

As Fantom proceeds to broaden its toolbox, giving crypto holders from different blockchains the power to make the best possible choices for their portfolio.

This is a shiny new development in the cryptocurrency era, and it’s just the start. Stay tuned for new assets as they become viable with the upcoming integration.

To get instant updates about cryptocurrency and to learn more about online cryptocurrency Certifications, check out Blockchain Council.

RenVM Latest Integration Now Allows Fantom to Empower Users With Faster Bitcoin Transactions and Lowest Fee

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blockchainconsultants.io/renvm-latest-integration-now-allows-fantom-to-empower-users-with-faster-bitcoin-transactions-and-lowest-fee/?utm_source=rss&utm_medium=rss&utm_campaign=renvm-latest-integration-now-allows-fantom-to-empower-users-with-faster-bitcoin-transactions-and-lowest-fee

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Central Bank Digital Currency and Financial Stability (CBDC) | New Forms of Digital Money

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Firstly, let’s start by explaining Central Bank Digital Currency, i.e., CBDC, which necessarily denotes the fiat-like currency of a nation. These are mostly present by making utilization of electronic records or digital token to represent the virtual form.

It has been years since digital currencies have started dominating the complete framework, just like some cryptocurrencies such as Ether and Bitcoin, which have encountered steep rise as well as a downfall. Amidst all of these, they had been in talks. Digital currencies work on a DLT referred to as blockchain technology.

Central Bank Digital Currency and Financial Stability (CBDC) | New Forms of Digital Money

Understanding CBDC

The blockchain for digital currencies has owed to magnum opus popularity in years, all thanks to its characteristics of decentralization and non-regulated nature. Bankers started to see this as a plausible danger to the old-style banking mechanism that is not only different from it in terms of functioning but also is different in terms of its decentralized and regulation-free nature. The traditional banking system works under the discretion of a primary authority like the central bank.

Now the cryptocurrencies that are available by newer sources or most unreliable sources raise the senses of awareness about the chances of thefts, scams, and hacks. And this lack of clarity is the reason for which there is no suitable reserve maintenance to back up the valuations of cryptocurrencies.

Now, seeing the inclination of these cryptos, central banks around the world are planning to launch their cryptocurrencies. Their version of cryptocurrencies will be monitored by the corresponding centralized banks of each country, and they are termed Central bank digital currencies. The base of the digital money will also be controlled by the CBDC. And this will be funded by monetary assets like foreign currencies or gold.

CBDC with blockchain for virtual currencies has the potential to bring ease and security of cryptocurrencies into one place. In this type of currency, the top authority in banking of the countries has all the responsibility and is liable to every action.

Could this adoption of CBDC bring Financial Stability?

Thus, it is much clearer now that CBDCs have the capability to provide what other cryptocurrencies are offering but in a more different way. It is providing virtual money with safety, accessibility, security, and transparency.

With the presence of a blockchain wallet for digital currencies, the public now has the power to access the lawful tender, even when you don’t have money. With the help of CBDC, both cash and cryptocurrency will be recognized as a legal mode of payment.

With the growing number of years, the usage of notes is gradually decreasing, as now people are more used to payment options like cards, contactless payments, and cryptocurrencies. There have been several negative cases concerning cash, although they are not excluded by central bodies.

So, now CBDCs will speed up the process of making society a cashless one. And with the declination in swipes with card-based transactions, it is presumed that people are rapidly adapting to novel approaches for making finance-related transactions.

Blockchain for financial stability can be considered as a viable option these days for making payments because it is government-regulated. The central bank’s digital currency gets completely aided and governed by the central bank, which raises the assurance and credibility of cryptocurrency. Now, these types of assurances are growing the hopes of companies that are using the technology of blockchain to invest freely.

Traditionally for making cross-border-based payments, RTGS infrastructure is mandatory for banks to offer interbank commitments. The most advantageous side of CBDC is that it can be used in making cross-border-based payments. When it comes to cross-border and interbank-based settlements, the CBDC is highly credible.

The current traditional set-up of banking lags in its efficiency of offering cross-border-based payments. Limitations like time lags even can result in exposure to several risks. But on the other side of the coin, the CBDCs are filled with several advantages like providing zero counterparty credit risk, anonymity, and 24hours accessibility.

But legalized wholesale-based CBDCs might fail to provide efficiency over the existing traditional banking set-up, as it needs to evolve furthermore.

Can CBDC Help in Improving Payment Systems?

More enhanced productivity in payment transactions is one of the plus sides of CBDC because it has a more reliable security set-up that can be utilized in the making of retail and also large-value-based payment mechanisms.

Now talking about the retail payment option, where it will further improve their payment efficiency, CBDC will get longer hours for settlements with quicker settlement in terms of wholesale and interbank payment systems.

Conclusion

Thus, the central bank, digital currencies, and financial stability can be considered to hold a firm position in the near future because it is faster and safer. With the up-gradation in its systems, it holds the potential to overtake the current banking set-up.

Central Bank Digital Currency and Financial Stability (CBDC) | New Forms of Digital Money

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Source: https://blockchainconsultants.io/central-bank-digital-currency-and-financial-stability-cbdc-new-forms-of-digital-money/?utm_source=rss&utm_medium=rss&utm_campaign=central-bank-digital-currency-and-financial-stability-cbdc-new-forms-of-digital-money

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Altcoin Roundup: Stablecoin pools could be the next frontier for DeFi

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In times like these, when the entire cryptocurrency market is down and there is nary a sector-wide runup to be found, traders have to dig into data to see how the market dynamics may have changed to pinpoint signs of new growth. 

Stablecoins are the newest trend to emerge in the decentralized finance (DeFi) arena due to the resiliency they bring to the sector, especially since protocols that are more reliant on the dollar-pegged assets continue to offer token holders low-risk yield opportunities in turbulent market conditions.

Possible evidence of stablecoins rising influence can be found in the difference between the decline in Ether’s (ETH) price and the total value locked in smart contracts. The price of Ether declined by 20% more from its peak than the decline in the total TVL of the DeFi sector.

TVL in smart contracts vs. Ether price decline. Source: Glassnode

When one takes into account that most of the crypto market saw price declines on par with what Ether experienced, the fact that the DeFi TVL fell less percentage-wise than the price of Ether points to the stability offered by stablecoins.

Stablecoin marketcap increases tenfold

The total amount of stablecoins available in the market has skyrocketed from under $15 billion to more than $113 billion over the past year, led by Tether (USDT) and USD Coin (USDC), bringing an increased level of liquidity to DeFi protocols.

Top seven stablecoins by market capitalization. Source: CoinGecko

The top stablecoins are included in a large percentage of the liquidity pool (LP) pairs available on DeFi platforms, as well as being included as a standalone token that users can deposit on protocols, such as Aave, to earn a yield. This further makes them an integral part of the burgeoning DeFi ecosystem.

Stablecoins have, in fact, led to the creation of a specialized subset of DeFi protocols, which focus on yield farming stablecoins and provide a safer way for investors to earn a yield while minimizing risk.

Early on in the DeFi craze, protocols attracted new users and deposits by offering high yields that were typically paid out in the native token of the protocol.

With a majority of DeFi tokens now down at least 75% from their all-time highs, according to data from Messari, many of the gains that users thought they made through staking and providing liquidity have evaporated, leaving little to show for the risks taken on these experimental platforms.

The battle for stablecoin liquidity

The rise of successful stablecoin-focused protocols such as Curve Finance, which is a decentralized exchange for stablecoins that uses an automated market maker to manage liquidity, platforms such as Yearn.finance, Convex Finance and Stake DAO battle to offer the best incentives that will attract a larger share of the Curve ecosystem.

Supplying stablecoins to Curve, or as a stablecoin LP like as a USDC/USDT pair, amounts to the blockchain version of a savings account. Many of the top protocols, including the three listed above, offer between 10% and 30% yields on average for stablecoins deposits.

Related: How stablecoins stay stable, explained

Thanks to smart contracts, users can make deposits to automated, compounding stablecoin liquidy protocols, reducing the stress of the daily market gyrations.

Total market capitalization of the top 100 DeFi tokens. Source: CoinGecko

The aftermath of the May 19 sell-off is still impacting investors, and in times like these, the yield opportunities provided by supplying stablecoins to DeFi protocols is an attractive way to diversify a crypto portfolio and hedge against market downturns.

Want more information about diversification into the above-mentioned projects?

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

Altcoin Roundup: Stablecoin pools could be the next frontier for DeFi

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Source: https://blockchainconsultants.io/altcoin-roundup-stablecoin-pools-could-be-the-next-frontier-for-defi/?utm_source=rss&utm_medium=rss&utm_campaign=altcoin-roundup-stablecoin-pools-could-be-the-next-frontier-for-defi

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Supply Chain Optimization Is Crucial To Your Business. Learn Why!

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We are residing in a highly competitive world. And it is becoming difficult for the businesses out there to take a stand. And thus, they should look for continuous enhancement to meet consumer needs. To do it successfully, supply chain optimization can be undertaken.

It improves both performance and network efficiency to fulfill the needs of the customers. This article will describe to you why supply chain optimization is vital for your business.

What is supply chain optimization?

Like blockchain, supply chain optimization uses resources and technologies like AI (Artificial Intelligence) and IoT (Internet of Things) to enhance both performance and efficiency in a supply network. A supply chain of an organization offers an efficacious customer experience.

Business efficacy and responsiveness are enabled by a high-performing and powerful supply chain to give the customers what they want. And ultimately, it brings profit to the organization and also enhances the sustainability of the supply chain.

Supply Chain Optimization Is Crucial To Your Business. Learn Why!

Supply chain optimization process:

A successful supply chain optimization process undertakes three phases. The phases are:

Supply chain design:

This phase includes a description of network design processes such as the location of warehouse facilities and how the product flows between them. It also showcases strategic objectives like establishing supplies, demand forecasting, and the scheduling and planning of operations associated with manufacturing.

Supply chain planning:

It includes the making of a strategic supply chain development plan, planning for inventory, and assets coordination for optimizing goods delivery, information, and services from supplier to consumers, ultimately balancing supply and demand.

Supply chain execution:

This phase focuses on execution-oriented systems and applications, inventory and warehouse management, management of transportation, management of global trade, and other execution applications like supply chain visibility, real-time decision support, and order management systems.

Importance of supply chain optimization:

The complexity of supply chains cannot be ignored, but the complexity pays technological benefits, especially when AI and IoT are integrated with blockchain.

A successfully designed supply chain management and optimization processes describe the given below issues:

Silos:

As the data is siloed, supply chains are unable to get the needed insight, and they lack end-to-end visibility. All these together pull them from meeting the needs of their consumers. For informational silos, a supply chain optimized through connected technology is considered to be the best solution.

Client needs:

The expectations of the customers are rising. And this means that the supply chains must keep up with innovating and optimizing each step to meet the needs of their customers. The organizations must prioritize the supply chain not only to meet but exceed the customer expectations as well.

Competitive advantage:

Earlier, supply chains used to focus on the design of the network like distribution fleet and warehouse placement. But currently, optimization on real-time decision support and execution-oriented applications is the indispensable process for protecting the brand and building competitive advantage.

Agility:

The supply chain must respond fast to the changes like- customer demands, supply distributions, and competitions. To stay competitive, the modern supply chains must be active and quick.

Sustainability:

There are several social and environmental impacts caused by supply chains. Modern customers crave to know whether the goods are manufactured or produced in an ethical and sustainable method by using low-impact extraction or renewable methods.

Features of an effective supply chain optimization:

Blockchain development for supply chain itself is a powerful technology. And when it is further integrated with AI or IoT, the power rises dramatically. Firstly, blockchain migrates from a traditional business network and brings good quality data together across the partners.

When AI is added, it extracts a meaningful context and produces strong insights resulting in several potential benefits.

Some of the vital features of an effective supply chain are given below:

  • Inventory tracking:

It looks through the entire blockchain in supply chain and knows exactly where the inventory is.

  • Intelligence:

For real-time intelligence, it leverages composable data and AI services.

  • Reporting and analytics:

For forecasting future sales and demands, it evaluates patterns in processes.

  • Order management:

It tracks orders, manages returns, sends quotes, and contributes to customized pricing.

  • Visibility:

It offers up-to-date inventory tracking and available-to-promise data.

What is the future of supply chain optimization?

Automation will be delivering significant scaling advantages, contributing to blockchain for supply chain management. Some of the technologies that will continue to develop are:

IoT sensor data will offer insight into inventory status and location.

AI will make monitoring of inventory more accurate.

  • Blockchain:

It will improve traceability, visibility, transactional trust, and will verify the authenticity as well.

  • Intelligent order management:

Inventory visibility will be mastered with automation and improved demand forecasting.

Conclusion:

Indeed, it is advantageous to opt for supply chain optimization in businesses. Technology, along with globalization and empowered customers, is changing the way how a business manages its supply chains. In the future, the supply chains are expected to take more accurate actions.

Supply Chain Optimization Is Crucial To Your Business. Learn Why!

Source

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://blockchainconsultants.io/supply-chain-optimization-is-crucial-to-your-business-learn-why/?utm_source=rss&utm_medium=rss&utm_campaign=supply-chain-optimization-is-crucial-to-your-business-learn-why

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