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Peer-to-Peer Internet ThreeFold Goes Multichain to Accelerate Token Accessibility

Press Release: Peer-to-peer internet ThreeFold integrates with several popular blockchain ecosystems in an effort to increase adoption for the world’s largest such network 29th April 2021, Dubai, United Arab Emirates – ThreeFold plans to integrate its peer-to-peer internet platform with three of the leading blockchain ecosystems in the decentralized finance (DeFi) space; Binance Smart Chain […]

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Press Release: Peer-to-peer internet ThreeFold integrates with several popular blockchain ecosystems in an effort to increase adoption for the world’s largest such network


29th April 2021, Dubai, United Arab Emirates – ThreeFold plans to integrate its peer-to-peer internet platform with three of the leading blockchain ecosystems in the decentralized finance (DeFi) space; Binance Smart Chain (BSC), Ethereum, and Huobi’s ECO Chain. 

ThreeFold is set to integrate BSC in the next couple of weeks, with Ethereum and Huobi’s ECO Chain following shortly later on in Q2. These integrations will provide the ThreeFold ecosystem access to a wide array of DeFi applications. In turn, this will allow ThreeFold to be more accessible to the DeFi world and provide ThreeFold Farmers and users with more platforms to exchange TFT.

ThreeFold’s bold move comes while the wider cryptocurrency market is booming. The total value of all cryptocurrency-related or blockchain-based projects has surpassed $2.1 trillion in recent weeks, as market leaders, such as Bitcoin and Ethereum, set new all-time highs. Accordingly, interest in blockchain technology is soaring as the number of active projects in the space nears 9,000. 

Moreover, in an environment in which internet use for all aspects of life is soaring owing to COVID-19 restrictions, ThreeFold’s main value proposition  – a truly peer-to-peer internet platform – is gaining traction. ThreeFold sees the sustainability of internet services in the long-run and its decentralization as inseparable.  

Democratizing the Internet 

But why is this needed? The internet today is hosted by a small group of well-resourced companies that are responsible for the maintenance of data centres which provide the server and storage space for the vast quantity of content on the internet. In addition, these same companies are finding a way to monopolize the network connections that allow data to flow around the globe. 

As a result, decisions made by these companies have the power to entirely change the landscape of the internet unilaterally, without contest. Given the fact that the internet is now integral to much of the world’s industry, as well as many ways of life, the disproportionate power that these companies wield make them the de facto governors of the future of humanity’s development. 

Just as Satoshi Nakamoto envisioned the democratization of the financial system through decentralization, ThreeFold is on a similar quest to democratize the internet with a unique combination of autonomous and blockchain technology. The benefits would be clear. More internet users would benefit from a neutral peer-to-peer platform on which to store their data and run their applications privately and securely.. Moreover, decentralization removes the internet’s singular potential points of failure which could seriously disrupt the global Internet and Cloud industry. 

A Multichain Future

ThreeFold’s upcoming integration with BSC, Ethereum and Huobi’s ECO Chain is a critical part of continuing to grow and cultivate the world’s largest peer-to-peer internet platform. Ethereum is the number one platform for decentralized applications (dApps) in the cryptocurrency and blockchain space as of today. 

Accordingly, ThreeFold’s platform will be put on the radar of the vast number of Ethereum users who could quite effortlessly become the much-needed nodes in its vision of a decentralized internet. Furthermore, there is a wealth of decentralized development expertise concentrated in the Ethereum-sphere, as well as in both Binance’s and Huobi’s blockchain ecosystems. In addition to improving compatibility with these platforms, ThreeFold will be able to tap into these development skills, inviting experienced dApp developers to build their applications on top of the ThreeFold Grid.

Comparatively, ThreeFold’s ambitious integration plans put it far ahead of similar projects in the decentralized internet space, who are traditionally Ethereum-based. However, with the increasing cost of Ethereum-based development and its slower than required scalability updates, ThreeFold’s peer-to-peer Internet will remain affordable, scaleable and simple for developers. 

About ThreeFold 

ThreeFold is developing a peer-to-peer internet platform that aims to liberalize what it labels as a centralized and unequally distributed internet. Its platform, called the ThreeFold Grid, comprises over +600 servers in 25+ different countries around the world, delivering approximately 80 PB in storage and over 16,000 CPU cores worldwide, making it the largest storage and compute peer-to-peer internet network in the world. See ThreeFold Grid’s statistics in more detail using their explorer here

Each server runs ThreeFold’s stateless and lightweight open-source operating system, Zero-OS, and is set up and operated by independent individuals and organisations called Farmers. Farmers earn rewards in TFT – the platform’s native token – for their participation. TFT is the currency of the ThreeFold Grid, with each token representing a unit of storage and compute on the platform. Grid users can use these tokens to reserve the storage and compute they need to store, build and share on the platform’s internet network.

ThreeFold’s ultimate vision is to be part of the movement to fully democratize the internet worldwide. 

To learn more about how ThreeFold plans to democratize the internet, visit their website here. For more information on TFT and how it fits into ThreeFold’s overall plans, see this page

Follow ThreeFold on Twitter: https://twitter.com/threefold_io 

Read ThreeFold’s documentation on Github: https://github.com/threefoldfoundation 

Like ThreeFold’s page on Facebook: https://www.facebook.com/threefold.io 

Media Contact Details 

Contact Name: Bitcoin PR Buzz Press Team

Contact Email: press@bitcoinprbuzz.com 

About Bitcoin PR Buzz: Bitcoin PR Buzz has been proudly serving the crypto press release distribution needs of blockchain start-ups for over 8 years. Get your Bitcoin Press Release Distribution today.


Disclaimer: THREEFOLD is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest. 

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Source: https://bitcoinist.com/peer-to-peer-internet-threefold-goes-multichain-to-accelerate-token-accessibility/?utm_source=rss&utm_medium=rss&utm_campaign=peer-to-peer-internet-threefold-goes-multichain-to-accelerate-token-accessibility

Blockchain

Coinbase Should’ve Gone Public Via Crypto Tokens – Olaf Carlson-Wee

Olaf Carlson-Wee has recently stated that the shares of Coinbase would be worth more today if the company had chosen to go public via crypto tokens.

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The first hire at the Coinbase cryptocurrency exchange, Olaf Carlson-Wee has recently stated that the shares of the exchange would be worth more today if the company had chosen to go public via crypto tokens. As witnessed already, the Coinbase stock has been declining since the day it was listed on NASDAQ on April 14.

Coinbase Shares Declining, Crypto Tokens Should be Preferred, Suggests Olaf Carlson-Wee

Olaf Carlson-Wee suggested that the cryptocurrency exchange company would be worth a lot more if instead of going public through the stock exchange, it had chosen a crypto-native way.

He said addressing the possible expectations from the Coinbase exchange:

“I think that if Coinbase would have gone public on Coinbase, [it] would be valued at over double what it is.” 

But, we all are aware of the fact that the crypto exchange chose to go public with a direct listing on NASDAQ on April 14.

The now Founder and CEO of Polychain Capital, a crypto venture capital firm, Carlson-Wee, intricate recently in the Ethereal Virtual Summit of this year regarding the listing and decline in the share price of the exchange.

Direct Listing vs IPOs, Exchange’s Way of Going Public Wasn’t Mainstream

If the cryptocurrency exchange had chosen to go public through crypto tokens, the shares of the company would be represented as ERC-20 tokens, which would be allowed for trading in the wild yet wonderful world of Defi.

However, that didn’t happen and the crypto exchange chose the option of direct listing on NASDAQ instead of an IPO. 

Well, the major difference between an IPO and a direct listing is that the direct listings are less unwieldy than IPs and they require comparatively less paperwork. In addition to this, they are also cheaper.

Coinbase, instead of an IPO, offered up 115 million already-existing shares. 

At the launch of the exchange, it was rumored to be worth around $100 billion and its shares were available to trade for $375 each.

READ  CoinDCX Partners With Blockchain Council To Offer Crypto-Related Educational Programs

#Coinbase #Crypto Tokens #Olaf Carlson-Wee

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Source: https://www.cryptoknowmics.com/news/coinbase-shouldve-gone-public-via-crypto-tokens-olaf-carlson-wee

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TheNewsCrypto – Blockchain & Cryptocurreny News Media | Crypto Guide

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Source: https://thenewscrypto.com/

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Alpha Finance Lab Launches New Oracle Aggregator

The Decentralized Finance (DeFi) lab Alpha Finance Lab has announced the launch of the Alpha Oracle Aggregator.

The post Alpha Finance Lab Launches New Oracle Aggregator appeared first on BeInCrypto.

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The decentralized finance (DeFi) focused Alpha Finance Lab has announced the launch of the Alpha Oracle Aggregator.

This new product was developed using data from two of the largest data oracles providers. Namely, Band Protocol and Chainlink. Its primary purpose is to confront obstacles that are preventing the expansion of the DeFi landscape. As such, it developed the Alpha Oracle Aggregator in a bid to ensure scalability, flexibility, and security.

Tascha Punyaneramitdee, co-founder of Alpha Finance Lab, commented:

“The speed at which the DeFi landscape is growing has impacted how Alpha Finance thinks about building and scaling our products. The Alpha Oracle Aggregator ensures the reliability and security of data sourced while increasing flexibility and scalability for the Alpha ecosystem.”

What issues will the Aggregator address?

More specifically, the new aggregator will allow Alpha Finance Lab to access verified data, aggregated from up to three data oracles for a single asset in one location. In addition, the product allows users to access data from different oracles for different assets.

Before, decentralized applications (dApps) needed to integrate with multiple oracles across multiple blockchains. A requirement that led the dApps to build and maintain several infrastructures at once. Alpha Finance’s new aggregator hopes to negate this requirement.

Soravis Srinawakoon, CEO and co-founder of Band Protocol, elaborated:

“The way we aggregate and supply data must adapt to facilitate growth and add a strategic edge with security to the decentralized projects that use it.”

Other issues include the lack of backup for dApps operating on a single chain, using a single data oracle. This leads to problems in the event of manipulation or unavailability. Furthermore, as the crypto space grows, it brings a variety of new tokens with it. This expansion causes difficulties for data oracles trying to cater to dApps’ requests to support more tokens.   

Big year for Alpha Finance Lab

The aggregator is not the first big launch Alpha Finance Lab has made this year. Back in March, its leveraging protocol, Alpha Homora, announced the launch of staking opportunities and a new tokenomics model. In the reveal made on March 28, Alpha Finance said holders of the native ALPHA token could benefit from its product expansion. Specifically, ALPHA holders could stake tokens for fee-earning opportunities, and also unlock unique features.

At the time, reports indicated that this was one of the first times tokenomics were directly integrated with core underlying protocol usage.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Dale Hurst is a journalist, presenter, and novelist. Before joining the Be In Crypto team, he was an editor and senior journalist at a news, lifestyle and human-interest magazine in the UK.

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Source: https://beincrypto.com/alpha-finance-lab-launches-new-oracle-aggregator/

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Chainlink (LINK) and Uniswap (UNI) Technical Analysis: Bullish Outlook

Chainlink and Uniswap technical analysis predict solid prices. LINK/USDT and UNI/USDT both look firm for $60 in the medium-term.

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Chainlink and Uniswap technical analysis predict solid prices. LINK/USDT and UNI/USDT both look firm for $60 in the medium-term.

Chainlink (LINK)

The dApp is a cog that supplies external, tamper-proof data to over 300 DeFi protocols. Chainlink is centered around LINK that’s used for paying services rendered.

Past Performance of LINK

The token is the most valuable DeFi project, according to trackers.

Presently, it is up roughly seven percent against BTC and USD, adding three percent versus a solid ETH. It is changing hands at around $51.

At the same time, trading volumes are up 62 percent to $3.3 billion on the last trading day.

READ  Seoul Police Raid South Korea’s Largest Crypto Exchange Bithumb

Day-Ahead and What to Expect

Technically, Chainlink is roaring higher. Its capitalization would continue rising in tandem with DeFi expansion.

At $50, the token trading within a bullish breakout pattern, adding to gains of Q1 2021 and reversing losses of late April 2021.

Overly, momentum is building up as LINK/USDT prices align along the upper BB.

This suggests buyers and the odds of further gains above $60 could be on the offing.

LINK/USDT Technical Analysis

Chainlink Daily Price Chart for May 10

Chainlink prices are on an uptrend. As of writing, LINK/USDT is within a bullish breakout pattern.

Banding along the upper BB, every low is possibly a loading opportunity. Immediate and medium-term targets stand at $54 and $82, respectively.

Hence, correction below $45 may see LINK/USDT prices correct to $35.

Uniswap (UNI)

Uniswap is the world’s leading DEX on Ethereum. UNI is the protocol’s native currency.

READ  TCS Announces Launch of Quartz Smart Solution for Crypto Services

Past Performance of UNI

The UNI/USDT price ranges between $40 and $45, trading within a bullish breakout pattern.

From UNI technical analysis, the path of the least resistance is northwards despite a nine percent contraction over the last week of trading.

Presently, the breakout trade is valid as long as UNI prices remain above $40.

Day-Ahead and What to Expect

Uniswap technical analysis and fundamentals support UNI bulls. In all, the middle BB and $40 are crucial reaction points in the immediate term.

For trend continuation, how UNI/USDT reacts at $45 could determine the short-term trend.

UNI/USDT Technical Analysis

Uniswap Daily Price Chart for May 10

Aforementioned, UNI/USDT is trading within a bullish breakout pattern above $40.

In a retest last week, the short-term trend for UNI remains upwards. However, the rally to $58 could be accelerated if there is a conclusive, high volume breakout above $45—May 2021 highs.

READ  Bakkt Partners With Galaxy Digital to Launch White Glove Service

Hence, losses below $40 may see UNI/USDT dump down to $30.

#Chainlink #DeFi #LINK #LINK USDT #UNI #UNI/USDT #Uniswap

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Source: https://www.cryptoknowmics.com/news/chainlink-link-and-uniswap-uni-technical-analysis-bullish-outlook

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