Connect with us

Blockchain

Research: More companies turning to mainframes for blockchain initiatives

New research suggests mainframe technology is a key part of many business’ blockchain plans  Go by the standard cliché, and mainframe technology is legacy and for the past, whilst blockchain is cutting edge and the future. Never the twain shall meet. But the reality is very different, with fresh research revealing that the two are […]

The post Research: More companies turning to mainframes for blockchain initiatives appeared first on CryptoNewsReview.

Published

on

New research suggests mainframe technology is a key part of many business’ blockchain plans 

Go by the standard cliché, and mainframe technology is legacy and for the past, whilst blockchain is cutting edge and the future. Never the twain shall meet. But the reality is very different, with fresh research revealing that the two are crossing over more and more. In fact, a hybrid approach is a trend that’s set to continue for some time to come.

Forrester Consulting undertook said research, which was commissioned by hybrid IT services firm Ensono and global information experts Wipro Limited. 153 IT decision makers of director level and higher were questioned across America and Europe, and the results suggested a union of traditional and emerging technologies.

A quarter of firms questioned are using mainframe installations to help in the emergence of new technology innovations. Thus, on the one hand, legacy applications are running on mainframes as always. But also containerised microservices, mobile applications and blockchain projects are running on them too.

This hybrid approach is seeing a growing number of firms using a mainframe for business-critical and on-premises applications, such as finance, human resources and enterprise content management, whilst moving other services to cloud hosting. What’s surprising therefore is that the mainframe is being seen as a pertinent technology for the likes of blockchain, although its strong security and parallelization features are clearly compelling and perhaps make that less of a surprise.

Ensono’s Brian Klingbeil, the company’s executive vice president of technology and strategy, isn’t surprised by the findings though. “Everything that made mainframe great in the past – security, reliability, versatility, performance – is still true today, and the latest generation of mainframe technology will now run the same cutting-edge applications and services as cloud infrastructure”, he said.

He argued that “organisations don’t modernise in a vacuum”, and that “the research supports what we see in our work with clients, where many larger organisations are settling on a hybrid best-of-breed approach”. The upside of that is flexibility for IT decision makers, who can choose the right tool for the right job.

This is not a trend in decline, either. One further finding of the research is that 50% of organisations questioned were looking to continue and expand their use of mainframe technology over the next two years, with just 5% of firms going the other way.

“We believe modern mainframes will have a significant role to play in the hybrid future of infrastructure”, argued Wipro’s Kiran Desai (its senior vice president and global head of cloud and infrastructure services), noting too that “mainframe modernisation is central to a long-term holistic hybrid IT strategy for enterprises leveraging mainframes”.

The full research – going by the name ‘Old Workhorse for New Tech’ – can be read in full here. 

Source: https://cryptonewsreview.com/research-more-companies-turning-to-mainframes-for-blockchain-initiatives/

Blockchain

Ethereum Price Analysis: Bears Take ETH Below $3K With a 5% Daily Dump

Published

on

ETH/USD – Ether Falls Back Beneath $3000

Key Support Levels: $2890, $2770, $2600.
Key Resistance Levels: $3000, $3180, $3200.

Ethereum fell a sharp 5% today as it dropped back beneath $3000 to reach the current $2900 support. Since falling below the neckline on a head & shoulders pattern last Monday, the cryptocurrency has been trapped inside a trading range for the past eight days between $3180 and around $2770 (100-day MA).

The bulls rebounded from the lower boundary of the range on Sunday but could not overcome resistance at $3180 yesterday. As a result, ETH fell back beneath $3000 again today.

The breakout of the current range will dictate the next direction for the market.

ethusd-sep28-min
ETH/USD Daily Chart. Source: TradingView.

ETH-USD Short Term Price Prediction

Looking ahead, if the sellers push beneath $2890, the first support lies at $2770 (.786 Fib & 100-day MA). This is followed by $2600 (200-day MA) and $2500.

On the other side, the first resistance lies at $3000. This is followed by $3180 (upper boundary of the current range), $3200 (20-day MA), $3300 (50-day MA), $3350, and $3500.

The daily RSI continues to sit beneath the midline, indicating that the sellers control the market momentum.

ETH/BTC – ETH Holding Ascending Trend Line SUpport

Key Support Levels: 0.0691 BTC, 0.068 BTC, 0.0667 BTC.
Key Resistance Levels: 0.07 BTC, 0.0711 BTC, 0.072 BTC.

Against BTC, ETH is battling to hold the rising trend line that dates back to the end of July. The cryptocurrency has used this trend line as support over the past week and has struggled to break resistance at around 0.0711 BTC over the period.

On Sunday, ETH bounced higher from the ascending trend line to meet the resistance at 0.0711 BTC. Unfotutealy, the buyers were unable to break 0.0711 BTC and rolled over from there yesterday to meet the support at 0.0691 BTC today.

ethbtc-sep28-min
ETH/BTC Daily Chart. Source: TradingView.

ETH-BTC Short Term Price Prediction

Moving forward, if the bears break beneath 0.0691 BTC, the first support lies at 0.068 BTC. This is followed by 0.0667 BTC (downside 1.272 Fib Extnesion & 100-day MA), 0.066 BTC (.618 Fib), and 0.065 BTC.

On the other side, the first resistance lies at 0.07 BTC. This is followed by 0.0711 BTC (20-day MA), 0.072 BTC, and 0.0733 BTC (August highs).

Again, the RSI is in bearish territory here as it sits beneath the midline.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

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.


PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://cryptopotato.com/ethereum-price-analysis-bears-take-eth-below-3k-with-a-5-daily-dump/

Continue Reading

Blockchain

How Serenade Aims to Create Climate-Friendly NFTs

Published

on

[Featured Content]

Centered around the NFT digital collectibles, the Metaverse is expected to become a reality. They open new avenues in industries like arts, media, gaming, and entertainment, taking them to new heights, and these are just the explored use-cases of NFTs. Experts believe that there could be hundreds of unexplored opportunities with NFTs across industries that could change how our world functions.

However, while NFTs might be the future, they’re also having an adverse impact on our planet’s environment in their current state.

The Possible Environmental Impact of NFTs

The impact of Bitcoin mining on our environment has been widely discussed all across the globe. Its carbon footprint has been studied, analyzed, and even sustainable alternatives have emerged in the past couple of years. Through this whole ordeal, a topic that was conveniently brushed under the carpet is the impact that NFT minting has on the environment.

NFTs or non-fungible tokens are rare collectibles representing anything from art, and music to memes and videos on-chain. This means that just like cryptocurrencies, NFTs too need to be registered, sold, and traded on the blockchain, requiring next-level computational powers.

Most of the popular NFT marketplaces, be it OpenSea, SuperRare, or Makers Place are built on the Ethereum blockchain.

Just like Bitcoin, Ethereum uses the proof-of-work (PoW) consensus algorithm for validating transactions (keeping in mind the ongoing transition to Proof-of-Stake of ETH 2.0).

This process requires specialized computers called mining rigs to validate and approve transactions, and they not only generate excessive heat but have huge power requirements.

Considering the fact that NFT production and sales have grown exponentially over the past year, and until Ethereum transit into PoS, their environmental impact can be huge.

Serenade: Planet-friendly NFTs

It goes without saying that NFTs have huge benefits for artists, and if they start backtracking, they might miss out on an opportunity that has the potential to catapult their success. This is why Australia-based music tech startup Serenade has come forward with a platform that mints planet-friendly NFTs that create only a fraction of the carbon footprint as compared to Ethereum.

To achieve this ambitious vision, Serenade has ditched the PoW consensus protocol in favor of proof-of-stake (PoS). Unlike PoW, PoS does not require miners or powerful computers. A set of validators stake their tokens to validate transactions on the network, which makes transactions faster, cheaper, and more importantly, environment friendly.

According to the team, with PoS, Serenade can mint using 1/10th of the energy required for a tweet, and it creates only 1/44000th of the carbon footprint of regular NFTs. This opens up a way for artists to capitalize on the NFT movement and grow their businesses without the guilt of the carbon footprint.

Serenade allows musicians and artists to mint exclusive digital collectibles of their music albums, videos, live performances, documentaries, and artwork that can be sold as NFTs to their fans. These NFTs allow fans to support their favorite creators and uniquely own pieces of their content.

As stated by the team, the project has already partnered with top musicians across the globe with more partnerships coming soon. With these planet-friendly NFTs and major partnerships, Serenade is all set to take the entertainment industry to its next level of success.

Building a Sustainable Decentralized World

Global warming and climate change are probably the biggest threats mankind faces today. In a time like this, the newly emergent blockchain technology and its by-products seem to have only added load on the environment. This is why there is a dire need for projects like Serenade that can reduce the environmental impact while still making sure that blockchain’s innovative products do not take a hit.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://cryptopotato.com/how-serenade-aims-to-create-climate-friendly-nfts/

Continue Reading

Blockchain

Europe Now World’s Biggest Crypto Economy: Boasts Over $1T Worth of Transactions

Published

on

Central, Northern, and Western Europe (CNWE) has grown into the world’s largest cryptocurrency economy since July 2020. The region experienced a massive increase in trading activity since then– particularly in the DeFi space.

The European DeFi Boom

Data from Chainalysis shows that CNWE received over $1 trillion in cryptocurrency over the last year alone. This represents 25% of global trading activity. Furthermore, it is responsible for at least 25% of all crypto value received by other regions, including 34% of the value received in North America.

This makes the EU the most concentrated in the world in terms of cryptocurrency trading volume. This is partially due to increases in all forms of trading activity over the past year, coming mostly from institutional investors.

Large institutional transaction value grew from $1.4B in July 2020 to $46.3B in June 2021, coming to take up half of all CNWE trading activity. The most pronounced increases were seen on DeFi protocols, where over 80% of these large institutional transactions were sent in June.

The impact of DeFi is further established when ranking coins in terms of transaction activity in the region. Despite being the largest cryptocurrency by market cap, Bitcoin heavily trails Ethereum in transaction volume among large institutional investors. Additionally, DeFi protocols took up a majority share of funds received by cryptocurrency services in CNWE in June 2021.


ADVERTISEMENT

The Decline in Eastern Asia

CNWE has seen significant absolute increases in its crypto trading volume. However, its new place as the world’s largest trading hub is partly due to a sharp decline in market share held by Eastern Asia– the previous world leader.

In early 2019 the region held over 30% of global transaction volume. This figure has since fallen sharply to about 15% – less than CNWE, North America, and even Central and Southern Asia.

This may be related to China’s continued push to prevent and discourage crypto trading within its borders. China re-announced their ban on crypto trading in the country days ago, and have been moving to prevent all access to exchanges within the country.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

You Might Also Like:


PlatoAi. Web3 Reimagined. Data Intelligence Amplified.

Click here to access.

Source: https://cryptopotato.com/europe-now-worlds-biggest-crypto-economy-boasts-over-1t-worth-of-transactions/

Continue Reading
News5 days ago

Axie Infinity: Pagbabago ng SLP at AXS Breeding Requirements

Blockchain4 days ago

Most expensive NFTs ever sold and the Non-Fungible Token’s expansion of expense.

Uncategorized5 days ago

How to identify items in Diablo 2: Resurrected

Blockchain5 days ago

QuadrigaCX Saga to Be Covered By Netflix Documentary

Uncategorized4 days ago

Hashrate beats the S&P 500 or A word on the benefits of hashrate rental.

Uncategorized5 days ago

Why is NFT art valuable? Understand why they are worth millions

Blockchain3 days ago

The Three Kingdoms: Bringing a New Era of Play-to-Earn Games to The Blockchain Industry

Blockchain5 days ago

SEC Chair Gary Gensler Reveals Plans To Clean Up Crypto Space – Stablecoins At Grave Risk?

Uncategorized3 days ago

NBA 2K22 City Spawn Locations: How to Unlock

Blockchain2 days ago

BOOM Esports and NoPing e-sports claim the top spots in BTS Pro Series Season 8 SEA and Americas

Blockchain5 days ago

Cardano Launches dAppStore for Certified DeFi Apps

Blockchain4 days ago

Mars4 NFT Land Tokenomics

Blockchain5 days ago

With DeFi still in focus, Cobo raises $40M in Series B funding

Blockchain5 days ago

Netflix Set to Premier Documentary About QuadrigaCX CEO in 2022

Blockchain4 days ago

With BlockFi, Celsius under the radar now, what next for crypto-regulations

News4 days ago

The World’s Top 10 Companies Could Be Interested in Cryptocurrencies

Blockchain5 days ago

Bitcoin’s LN packs a punch, but is it truly far from having security concerns 

Uncategorized3 days ago

Best Stats for the Barbarian in Diablo II: Resurrected

Blockchain4 days ago

Top 10 NFT Sales Of This Week: September 19-25

Uncategorized4 days ago

FTX Relocates From Hong Kong to Bitcoin-Friendly Bahamas

Trending