Connect with us
[crypto-donation-box]

Blockchain

Will a Collapsing U.S Dollar Lead to Massive Cryptocurrency Adoption?

The human being cannot live within the restriction. People have to depend on each other’s and have to exchange necessary items to fulfill the demand of life. Once upon a…

The post Will a Collapsing U.S Dollar Lead to Massive Cryptocurrency Adoption? appeared first on Latest Cryptocurrency Market News & Analysis – CryptoZink.

Republished by Plato

Published

on

The human being cannot live within the restriction. People have to depend on each other’s and have to exchange necessary items to fulfill the demand of life. Once upon a time, people would exchange goods with other goods. Over time, Dollar has been the main element of exchanging any goods.

The expert expects that in the fourth industrial revolution, cryptocurrency adoption throughout the globe is imminent. The transaction of the cryptocurrency has been easier day after day. In the fourth industrial revolution, the transaction of the cryptocurrency will be through blockchain.

Experts speculated that the collapsing United States dollar will lead to massive cryptocurrency adoption. Lately, the word “Blockchain” has been buzz words. The transactions have been easier with the help of blockchain.

The World Economic Forums predicts blockchain will store nearly 10% of GDP in Blockchain-related technology. Those involved in financial circulation, they are aware enough about blockchain. Yet, there are confusions among a number of experts about what is going to happen.

Blockchain is going to happen as the mainstream of business. Normally the decentralized platform is used to exchange the information through the internet. But at the time of changing money, we are adopting the centralized old fashioned banking system.

At present, the system of blockchain technology emerging and spreading quickly. With the implementation of blockchain technology, the middle man like a bank uprooting is on the horizon.

Weaken United States dollar lead to massive cryptocurrency adoption

In a world crisis, the United States dollar is being devalued rapidly. Consequently, investors will flock en mass to digital currency. But It is tough to assign the true value for reserving currency. The value of cryptocurrencies is high in the emerging market. These are easily transferable through participation.

Lately, it is noticeable that the cryptocurrencies have been authentic for the next global reserve currencies. It is also noticeable that the price of crypto and Bitcoin fluctuates too much.

The concern is also that crypto has enough flexibility to settle global contact. For the next reserve currency, it is important to support mainstream use and mass adoption.

Cryptocurrencies are used and run by private companies. Whereas traditional reserve companies are run by an international organization.

The benefit of creating a reserve currency

Because of cryptocurrency, the difference between the statuses will be noticeable too much. It will grow the financial inequity too fast. At present, the United States dollar will be collapsed as the world condition is being deteriorating day after day. A large portion of the financial experts is adopting cryptocurrency massively.

Lead to massive cryptocurrency adoption

Since 2009, the popularity of BTC is going up. Likewise, the rate of cryptocurrency is started fluctuation knowing no bounds. Mass adoption of crypto-currencies has been adopted with giant retailers and investors.

Normally mass adoption stands for the store of value. Mass adoption is related to the categories of mass awareness. In the U.S, the majority of people know the fluctuation of Bit-coin. In the first steps, the value of the bitcoin was too less. But after a definite period, its rate has been changed dramatically.

Furthermore, after a collapsed the United States Dollar, many financiers will make the transition to help advance cryptocurrency adoption. Especially it is going to happen because of the present financial condition. According to the expert, the possibilities are more to take massive cryptocurrency adoption.

As the electronic ledger system has been easier and faster because of the electronic ledger system,The possibilities are more to adopt crypto-currency after collapsing the United States dollar.

Much financial institution is depending on the adoption of the crypto-currency. The expert predicts that a massive revolution will occur in the economical worlds in no time. Day after day, the electronic transaction will go to be easier and faster with the help of block-chain. Consequently, the adoption of crypto-currency is being easier.

Nowadays, it is proven that the traditional financial industry is facing a challenge widely. The central bank of the world is not out of the challenge. Many guys have started to avoid the financial banking system and adopt the crypto-currency.

Likewise, the financial situation of the United States is facing the same problems with the present financial condition. The expert in the world is adopting the crypto-currency massively. It is the prediction of the world expert is that the remarkable chance will occur in no time.

Blockchain as a system

Blockchain is an electronic ledger system. It can be the medium of exchanging goods, property, votes, works or money. This chain is highly powerful. Digital signature is used to authenticate transaction.

The idea of block chain comes together in the form of Bitcoin in 2009. Initially it was slow enough.
But gradually the number of transaction has been going up as both large corporation and small entrepreneur takes this. The emerged technology behind transaction lessens the reconciliation and intermediary cost. It also brings the revolution in the fields of Blockchains.

The effect of the block chain in the realm of communication and transaction is great. It is going to bring revolutionary change in the financial sectors. The system of block chain offers transparent and trusted transaction.

The blockchain has updated and makes easy the transaction. It has innovated the ways to invest data and computative tools. It has also opened the new phrase in the world of transaction and communication.

Now, Global trend has helped to use the potential powerful technology. In the world of digitalization and Global economy, the blockchain technology will keep the wide contribution in the fourth industrial revolution.

Developments in computer processing

In the computerized world, the block chain program has facilitated the networking system of transaction. It has been launched but it is noteworthy that the block chain technology is trendy and in eminent future, the block chain application will bring revolutionary change in the economical world.

Block (chain) for a faster and better world

Blockchain is an emerging and advanced technology. By using this technology, one can transact without the help of central certifying technology. It also makes the planet faster and better world.

It is too effective for building sustainable future. When transaction happens, there may have much environmental challenge. By using the block chain strategy, one can make these faster.

Blockchain & Cryptocurrency adoption challenges

However, based on the Global environmental issue, there are many barriers to use the blockchain technology. It’s complicated to main stream adoption today. However, it’s natural to face significant barriers in order to solve the adoption challenge. Blockchain technology can definitely help.

The post Will a Collapsing U.S Dollar Lead to Massive Cryptocurrency Adoption? appeared first on Latest Cryptocurrency Market News & Analysis – CryptoZink.

Source: https://www.cryptozink.io/will-a-collapsing-u-s-dollar-lead-to-massive-cryptocurrency-adoption/

Blockchain

PARSIQ Integrated Into Polkadot For Smart Triggers Across the Relay Chain

Republished by Plato

Published

on

[PRESS RELEASE – Tallinn, Estonia, 11th May 2021]

PARSIQ, a platform that monitors data and automation across blockchains, bridging both on and off-chain apps and sending out user alerts once transactions are executed, now offers compatibility for smart triggers with the Polkadot Relay Chain.

A smart trigger is effectively a smart contract that is deployed into the PARSIQ ecosystem. It allows triggers from external chains to be passed to off-chain systems. It collects data across a variety of chains in real-time and then constructs an indexed composition of actions in any one chain in the process of reverse-engineering. It can validate and process a huge amount of real-time data simultaneously via its distributed data management layer by utilizing chain-specific feature extraction.

Building a Bridge

PARSIQ shares the same ideology as Polkadot, which is to bridge data across a huge network of chains, leaving all chains completely equal to one another, where each chain has its own personal real-world uses and strengths. This is a model which builds strength from numbers and enhances usability by combining the entire group of chains into one strong network.

PARSIQ, rather than being a chain itself, is the bridge between the chains and between off-chain applications too. Developers can build their own smart triggers using PARSIQ. These smart triggers react to events, plus they are able to store and alter data and also to learn from the data as they grow.

The platform, in addition to monitoring data and creating alerts, can also be used to deploy bots, as well as for areas like monitoring AML, performing automated accounting, and more. Each developer’s data stream is completely unique with its own branding retaining as well as its pricing structure, even while it is growing and learning from the entire network.

PARSIQ is now integrated across all of the major blockchains, including Bitcoin, Ethereum, Binance Smart Chain, Solana, Celo, Dash, and Algorand, to give users a way to simplify the automation of all their processes and applications off-chain, on-chain, and even across Layer-2 chains.

About PARSIQ

PARSIQ’s smart triggers have far-reaching functionality, including monitoring transactions, assets are withdrawn from a user, sent to other users, transfers exceeding a pre-set level, and many more. Developers can use the PARSIQ platform to build their own smart triggers for data workflow automation, storage, and learning here:

https://portal.parsiq.net/signup

Examples of workflows include:

Alerts of DOT transactions as they happen

Bridging events in the Polkadot Relay Chain (as well as other chains) with a simple user interface

Monitor data flow and create advanced analytics from the data

Alerting to strong potential trades

Usage for traders, platforms, and market researchers to build strong, data-backed pictures of the markets.

About Polkadot

Created by one of Ethereum’s founders, Dr. Gavin Wood Polkadot’s goal is to take blockchains to a state closer to Web3, where all on-chain activity is shared across a variety of chains. It is an intersection capable of translating architecture into one heterogeneous language for customizing side chains to connect with public blockchains.

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.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/parsiq-integrated-into-polkadot-for-smart-triggers-across-the-relay-chain/

Continue Reading

Blockchain

Raze Network Kicks Off Testnet Phase With UI Community Voting

Republished by Plato

Published

on

[PRESS RELEASE – Singapore, Singapore, 11th May 2021]

Raze Network, the first Polkadot-based privacy protocol, is bracing to engage community members with our first testnet. Early birds will be able to provide feedback on the quality, function, and overall experience of the Polkadot-based privacy protocol.

This huge milestone clears the way for ‘Razers’ and collaborators to easily test drive the newest features and allows plenty of maturation time for these new features to be fully tested.

Our team already started designing the user interface of the privacy protocol we promised to launch. However, we want to resort to the collective wisdom of our community on how to actually bring this to realization, thus launching this UI Community Voting Campaign.

The beta testnet marks the latest step forward in Raze Network’s overall mission to enable the broader community to contribute to the evolution of our trustless decentralized privacy protocol.

Raze Network’s applications present the decentralized finance (DeFi) community with a cross-chain middleware solution on Polkadot for concealing transactions when operating on decentralized exchanges.

With a clear vision and solid use-case, the protocol-based solution leverages the Polkadot ecosystem to offer the required privacy layer for the crypto sphere. The privateness protocol aims to guard anonymity for all the DeFi stack on the Polkadot.

To achieve higher participation during the testnet, Raze Network is organizing a number of events, competitions, and challenges to encourage participants to actively test critical components of our ecosystem. Specifically, we will airdrop 1,000 $RAZE tokens to 10 lucky voters based on how many entries they generated to vote for the best UI style.

$RAZE is set to be the lifeblood of the Raze Network, designed as a utility token to represent participation in the ecosystem.

The launch of Raze Network’s UI testnet comes on the heels of several other recent milestones, including a robust set of developer resources and partnerships that continues to expand.

Just in April, we announced the strategic listing of Raze token on the popular DeFi platform, Uniswap. This listing closely follows our completed triple IDO event on three launchpads.

Interestingly, apart from going live on DEX exchanges, $RAZE tokens will also soon be listed on several tier-1 centralized exchanges.

This networked testnet release allows Raze to continue working with our partners towards the mass adoption of decentralized applications and smart contracts.

Since its inception, Raze Network sought to develop an infrastructure that is easy to understand and smooth to navigate. One where even new users can reap the benefits of a cross-chain middleware solution for anonymous transactions, payments trading, and mining.

Although the token launch is done, the real work starts. Most recently, we have completed the development of mint, transfer, and redeem contracts in Solidity. Currently, we are testing how to deploy these contracts on EVM.

Also, the major front-end and client modules that can invoke the aforementioned contracts have been developed.

About Raze Network

Raze Network is a Substrate-based cross-chain privacy protocol for the Polkadot ecosystem. It is built as a native privacy layer that can provide end-to-end anonymity for the entire DeFi stack. The Raze Network applies zk-SNARKs to the Zether framework to build a second-layer decentralized anonymous module.

It will then be imported as a Substrate-based smart contract. The objective of Raze Network is to enable cross-chain privacy-preserving payment and trading systems while protecting the transparency of your assets and behaviors from surveillance.

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.


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/raze-network-kicks-off-testnet-phase-with-ui-community-voting/

Continue Reading

Blockchain

First Spot: Coinbase’s App Surpassed TikTok, Instagram, and Facebook on iOS in the US

Republished by Plato

Published

on

Coinbase’s mobile application has become the most popular app on iOS in the US. With its rise to the top, it has surpassed some highly utilized applications like TikTok, YouTube, Instagram, Facebook, and more.

Coinbase Tops US iOS Chart

According to data from SensorTower, the mobile application of the largest US crypto exchange has taken the first spot in terms of the most popular free apps on iOS in the country.

The app enabling users to buy, sell, or simply hold various digital assets has climbed with several spots in the past few weeks.

As of writing these lines, TikTok – the Chinese video-sharing social networking giant that saw the light of day in 2016 takes the second spot.

Further down the list is YouTube, followed by other social media giants like Instagram and Facebook. Interestingly, Robinhood’s app is not even in the top ten. The iOS application of the financial services company takes the 12th spot.


ADVERTISEMENT

It’s worth noting that the top 50 free iOS applications have two Coinbase representatives. The exchanges’ wallet app is the 46th most popular application, which places it ahead of Uber, Google Drive, and Microsoft Teams.

Coinbase’s Rise

Taking the aforementioned first spot only validates Coinbase’s popularity boost in the past year or so. The company took full advantage of the ongoing crypto bull market, which has seen prices exploding.

Consequently, the firm reported a massive increase in terms of user base, volume, and revenue in the first quarter of 2021.

These impressive results came shortly before Coinbase became a publicly traded company. As CryptoPotato reported in mid-April, the firm’s shares (COIN) launched on the giant US exchange – Nasdaq.

Although some of the early backers sold off their stocks and prices suffered in the month that followed, Coinbase only intensified its aggressive expansion. In the latest endeavor, the firm agreed to acquire Skew – the popular crypto analytics company.

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:


Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/first-spot-coinbases-app-surpassed-tiktok-instagram-and-facebook-on-ios-in-the-us/

Continue Reading
Blockchain5 days ago

Crypto Market Cap Added $300B in 7 Days as Altcoins Explode: The Weekly Recap

Blockchain4 days ago

Ray Dalio’s Bridgewater CFO leaves to work on Bitcoin full-time

Blockchain4 days ago

Ethereum price closes in on $4K as Shiba Inu (SHIB) steals Dogecoin’s thunder

Blockchain4 days ago

CFO of World’s Largest Hedge Fund Joins Institutional Bitcoin Firm NYDIG

Blockchain4 days ago

Ethereum (ETH) Hits $3800 ATH As Coinbase Premium Shoots With Institutional Interest

Blockchain4 days ago

Why Andre Cronje Believes DOGE Is Good For Crypto

Blockchain4 days ago

Analyst who predicted ETH to reach mid-$3K now says $10K the next destination

Blockchain4 days ago

Crypto Banter Will Give Away Over $500K To 10 Eligible Community Members

Blockchain4 days ago

Legendary Pelé NFT Set to Drop on Ethernity May 8

Blockchain4 days ago

JOSÉ FONTE AND EDER BECOME THE FIRST FOOTBALLERS IN THE WORLD TO LAUNCH NFTs

Blockchain4 days ago

GBTC discount presents a unique challenge for Grayscale and investors

Blockchain3 days ago

Dogecoin Plummets 30% From Highs Following Elon Musk’s SNL Appearance 

Blockchain4 days ago

XRP, Dogecoin, Cardano Price analysis: 08 May

Blockchain3 days ago

Dogecoin dumps following mention from Elon Musk on Saturday Night Live

Blockchain4 days ago

What Edward Snowden Thinks “Dragon Level” Wealth Will Do To Bitcoin

Blockchain5 days ago

Bridgewater Associates CFO heads to Bitcoin-focused firm

Blockchain5 days ago

Crypto staking platform provider Moonstake adds support for IOST

Blockchain4 days ago

Bank of England Governor Andrew Bailey is Giving Crypto a Thumbs Down — Here’s Why

Blockchain5 days ago

Crypto.com unveils EVM blockchain functionality and related fund

Blockchain4 days ago

BSCTrades Introduces Limit Order Tool and Token Launch Snipper

Trending