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DeFiChain Forms Technical Committee to Further Decentralize the Consensus Code Governance

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DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, officially announces the formation of its Technical Committee after a community vote on the Improvement Proposal (DFIP) – 2205-A. A staggering 96% votes were in favor of establishing the Technical Committee. The proposal was put forth by the protocol’s Co-founder and Lead Researcher U-Zyn Chua.

DeFiChain Improvement Proposal 2205-A

DeFiChain is a fully decentralized blockchain with on-chain governance. The Technical Committee will further formalize and decentralize the consensus code governance to the benefit of the community without taking away any roles of masternodes in the decentralized governance. The masternodes will continue to decide on consensus updates via the DFIP process.

The Technical Committee will act as:

  1. Core maintainers of the consensus code
  2. Gatekeepers to ensure that the direction of the consensus code aligns with the consensus approved by masternodes via DFIP

U-Zyn Chua, Lead Researcher at DeFiChain, commented:

“This is another major step towards further decentralization of…

Read more at cryptobriefing.com

Data History Museum Reimagines Museums by Launching the World’s First NFT-Powered Collection of Earthquake Artifacts

Built on the Algorand blockchain, Data History Museum’s first NFT series of historical artifacts utilizes the US Geological Survey’s open API to create real time assets originating from earthquakes around the globe.

MELBOURNE, Australia, May 23, 2022 /PRNewswire/ — Data History Museum, a MakerX venture, has sold out its Genesis Collection, including the world’s first verifiably authentic digital historical artifact, which marks a 4.67 magnitude earthquake in Hawaii and was sold at auction for 1050 Algos, with 50% of the proceeds donated towards scientific research and 50% towards disaster relief.

Data History Museum was created to produce NFT artifacts for all major historical events as they happen. For example, the initial implementation creates an NFT for every major earthquake that occurs worldwide. Through automation that leverages data from the U.S. Geological Survey’s open API, the NFT minting for each earthquake is automatic and instantaneous, and also includes important metadata tied to the event such as magnitude, depth, longitude and latitude of the site, and more.

Before now, historical artifacts have been physical objects that contain data which can be extracted…

Read more at www.prnewswire.com

Algorand price to fakeout around $0.38

A brief technical and on-chain analysis on Algorand price. Here, FXStreet’s analysts evaluate where ALGO could be heading next. Please, subscribe to our YouTube channel, follow us on Twitter @FXScrypto and join our Telegram channel.

 

 

Read more at www.fxstreet.com

Top 5 DeFi Crypto Currencies in 2022 – CryptoMode

In an increasingly digitized financial world, Decentralized Finance (DeFi) focuses on offering the convenience of peer-to-peer transactions to investors. 

DeFi platforms use smart contracts, which are digital contracts that exist on the blockchain, to create a space for lending, borrowing, trading, saving, and earning interest that is free of the normal bureaucracy and minutiae.

The world of DeFi is growing by the day, but there are a few projects we are looking forward to in 2022.

Gnox’s main goal is to bridge the gap between the crypto and fiat worlds while showing the benefits and ease of use of its protocol to everyday users.

The project is a decentralized ecosystem made up of DeFi products, protocols, and use cases that work with more than one chain. It is the first DeFi earning protocol to offer both individual and institutional investors “Yield Farming as a Service.”

Gnox is a reflection project that uses treasury to invest in DeFi yield-earning protocols for its holders. By using its treasury to provide liquidity in well-known and safe pools, holders can be sure that the fair market value of their tokens has a natural tendency to go up.

Aave, formerly known…

Read more at cryptomode.com

“Pharma Bro” Martin Shkreli Turned To Uniswap In Prison

Disgraced American hedge fund manager and former pharmaceutical executive Martin Shkreli shared his views on an early Saturday Twitter Spaces. Shkreli, who appeared in the live audio conversations arranged by Autism Capital shortly after his prison release talked about a wide range of topics and that he was optimistic about the future of DeFi.

Terming Uniswap as cool, the controversial entrepreneur revealed he started using the DEX in prison and is bullish on Milady NFTs. He then went on to predict two Layer 1 projects Algorand [ALGO] and Solana [SOL] that could erase Bitcoin’s hold over the market and said the reign of the dominant crypto might get “eaten away” over time.

Next, Shkreli viewed Ethereum as the one that could overtake Bitcoin’s market cap, which rings similar to a hypothetical event Ethereum advocates refer to as “the Flippening.”

He also talked about the ethics of cybercrimes and cited the case of Former Ethereum Developer Virgil Griffith who was sentenced to 5+ years in prison for allegedly helping North Koreans use cryptocurrencies to evade sanctions.

On the current marketwide correction, Shkreli said, “We could see winter for another few…

Read more at www.tronweekly.com

Blockchain Education Platform Encode Club Raises $5M Seed Round to Accelerate Growth of Web3 Developer Community Globally

Encode Club, a Web3 education community with focuses on blockchain education, talent sourcing and venture investing, has successfully completed a $5 million funding round led by Lemniscap and Galaxy Digital, with participation from Dragonfly Ventures, Folius Ventures, not3Lau Capital, Ascensive Assets, as well as notable investors SolBigBrain, Stefan George from Gnosis, Jordan and Kain Warwick from Synthetix, Anton Bukov from 1inch, and Jason Choi.

Encode Club was founded in 2020 and bootstrapped for two years by Anthony Beaumont and Damir Bandalo to solve Web3’s most pressing problem – talent education and onboarding into Web3. The company educates developers on its partner protocols, scouts engineering talent for companies, and invests in the promising startups that emerge.

Encode Club intends to use the $5 million raised to further invest in its hands-on events such as coding bootcamps, hackathons, accelerators and workshops aimed at onboarding and training developers globally. Long-term partners include many of the leading protocols such as Algorand, Avalanche, Chainlink, Dfinity, Filecoin, Near, Polkadot, Polygon, Solana, Tezos, The Graph and many more. Encode also…

Read more at www.crypto-reporter.com

Crypto Markets Still In The Red; Ethereum May Transit Into Proof of Stake Within 2 Months

The global crypto market capitalisation went down by 3.21 per cent to $1.25 trillion as of 8.50 am. The global crypto trading volume was down by 10.94 per cent to $74.15 billion, as per Coinmarketcap data. 

In other news, Preston Van Loon, a core developer of the ETH blockchain network said at the Permissionless conference hosted by Blockworks at Palm Beach, USA that the network’s transition from Proof of Work to Proof of Stake would occur sometime in August. This transition event is being called ‘The Merge’.

Loon, said at the conference, “As far as we know, if everything goes to plan, August — it just makes sense. If we don’t have to move the difficulty bomb, let’s do it as soon as we can,” reported Cointelegraph.

Cryptocurrency Prices

Bitcoin (BTC), the world’s oldest…

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Turn Me Up: GameStop, Tupac, And Universal Music Group Are Heating Up The NFT Market

A Taiwan fried chicken shop has launched an NFT for its fried chicken and other food offerings.

Founded in 1984, Shiyun offers fried chicken nuggets, broccoli, and king mushrooms, and customers have fallen in love with their products, Business Insider reports. Now, the fried chicken shop has taken their popular food and minted NFTs to represent them.

Launched on the blockchain platform, Oursong, the NFTs are listed at OSD$1 (USD 1). NFT holders can turn their digital tokens into tangible goods. Each owner will have the option to show proof of ownership for one in-restaurant food item.

Read more at afrotech.com

Scalability research – CoinGeek

This post originally appeared on the Unbounded Capital website, and we republished with permission from Sina Nazari & Zach Resnick.

Introduction

At Unbounded Capital, we are convinced that the future of blockchain largely belongs to a highly scalable blockchain. After years of research and major pivots in our investment focus, the only blockchain we think that has a chance of scaling to meet global demand is Bitcoin SV. We are constantly looking to see if there are other emerging scalable blockchains that could match or surpass all that Bitcoin SV has accomplished to date, and we are excited to finally be making much of our internal research available to the public.

In determining which blockchains are scalable—i.e., can process high transaction volumes at low costs—we (1) compare the transaction counts of various blockchains over time. Further, (2) we compare their transaction fees as a function of their transaction volume as an indication of the network’s congestion (because higher transaction fees are both costly, and are an indicator that the network is congested and there is competition for passing a transaction over the network). Finally, because we have noticed a…

Read more at coingeek.com

V2B Labs joins the Blockchain Business Idea Pitch Day as judges with Algorand

V2B Labs had an amazing time being part of Ideathon Pitch Day, a blockchain event organized by the Algorand in Tokyo on last May 14, 2022.

On May 14, 2022, Algorand successfully organized the Blockchain Business Idea Pitch, joined by well-known Japan Accelerator mentors, overseas Algorithm founders and VCs, all specializing in cryptocurrency and blockchain technology.

V2B Labs was proud to participate in the event as judges. This was a once-in-a-lifetime opportunity for V2B Labs to dive deeper into the Japanese blockchain market at the Business Idea Pitch Day. Japan is a notable leader in blockchain in Asia and the world recently being called, “the golden mine for blockchain adoption”. Its embrace of blockchain technology is admirable for countries that intend to foster crypto adoption.

This Idea Pitch Day was joined by some of the most promising and popular blockchain firms in Japan such as: ABS代表取締役, CurveGrid, IncubateFund, EXDmusic ファウンダー, etc, which created a great networking opportunity as V2B labs sought to spread its brand presence to the blockchain global community.

The event exceeded expectations with the…

Read more at bitcoinist.com