Spring break goers on Miami Beach say the ‘mystery’ of cryptocurrency is the ‘future of the financial system’ – Yahoo Finance

Spring break goers on Miami Beach gave Fox News their definitions of cryptocurrency, saying its "the future of the financial system."

"Cryptocurrency is like a digital universal currency thats used online," a Canadian resident visiting Miami told Fox News. "Its kind of like stocks. It can go up or down. They fluctuate with the market, I guess, depending on the current trend."

Cryptocurrency, otherwise known as "crypto," is any form of currency that only exists digitally where transactions are secured through cryptography.

Fox News Digital asked young men and women on spring break to explain crypto for those who dont understand how it works.

A student from Kent State University told Fox News Digital crypto is "not real money" and that it is "confusing to a lot of people."

"You can't just go to the store," and spend ten Shiba Inu, he added.

BARSTOOL'S DAVE PORTNOY: BITCOIN, CRYPTO TOO BIG TO FAIL NOW

Theres a difference between "what the mass media wants you to go for and what actual crypto is," a University of Delaware student said. "Its kind of like the difference between the S&P 500 and buying a regular stock in the stock market."

Cryptocurrency is "reverse inflation," another student from the University of Delaware said, adding that it is "taking out the banks," and giving "more money for the people."

A Canadian resident visiting Miami said he thinks its "OK to have a lot of mystery around" crypto."

I understand the bitcoin and stuff like that, but when you get into the NFTs and all that area I dont really understand that.

"I dont see how a picture of a monkey can sell for half a million dollars," he added.

PETER THIEL: CRYPTO WILL NEVER BE' CONTROLLED BY GOVERNMENT, UNLIKE WOKE COMPANIES'

The students expressed their opinions on the specific currencies offered under crypto.

Story continues

A Kent State University student told Fox News he invested in Shiba Inu and has "probably gained about a grand from it."

"I started about a year ago. It fluctuates a lot," he said. "Im not really invested in bitcoin. I dont have that much money, so I invest in the really cheap stuff."

"I think that Dogecoin represents the power of the people taking the power from the people that are abusing it," a University of Delaware student told Fox News. "Dogecoin started as a joke, and now it has real financial value based on its demands."

However, another University of Delaware student said he "doesnt really trust things like Doge coin" because its "made up."

"Just this morning I actually made $150 dollars on crypto," he added. "Ethereum is going to the moon right now."

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A Kent State University student said he really likes crypto because it "has a lot of unknowns," which he lives for. "I have about $400 dollars invested into it, but I have over a million shares of it. So if I lose $400 dollars, I lose $400 dollars. Im in college [so] Im really not too worried about it."

A Wisconsin resident visiting Miami told Fox News, "its going to take a long time for [crypto] to become normal, and once it does, everyones going to be using it."

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Spring break goers on Miami Beach say the 'mystery' of cryptocurrency is the 'future of the financial system' - Yahoo Finance

The First US State to Adopt Bitcoin Will Make Huge Gains (Op-Ed) – CryptoPotato

The United States could lose its preeminent financial and political influence in the world as other sovereign powers make haste to legalize and adopt Bitcoin as their reserve currency.

The threat to America is not merely a matter of leaving an (increasingly plausibly) enormous amount of money on the table. Bitcoin is the largest ever deployment of strong public-key cryptography in history to secure a financial system that is growing parabolically.

The cryptocurrency has innumerable use cases for fundamentally reordering and securing the worlds energy infrastructure. Joining the Bitcoin hashpower and accumulation race is a matter of modern cyber warcraft. Strong cryptography has always in practice been a weapon of warfare and is legally regarded by governments as armament.

This is an arms race, but one that has the potential to function as a pipeline for the animal spirits of war from conventional kinetic warfare that ends human lives to cyber warfare conducted on the digital layer of our global society, with real and substantial means of cold deterrence as a hoped-for effect in international affairs.

Indeed, those who understand it have good reasons to believe Bitcoin is the best deterrent to a shooting war which has historically been part and parcel of global financial competition and inextricably intertwined with the politics of the US petrol dollar since the atomic bomb.

In fact, while holders of bitcoin can do anything they want with it, including buying conventional arms and financing a war, the Bitcoin financial system itself cannot be used to finance war the way central bank fiat currency has been used by governments throughout recorded history.

The question is, which US state will lead the union to adapt to the inevitable disruption of Bitcoins ascendancy on the world stage?

Over the last two decades, Microsoft rested on its laurels and just watched Google build the software for mobile and capture an enormous amount of the profits from it. Bill Gates says losing to Android was his greatest mistake ever.

Standing by and watching El Salvador, Mexico, and other nations do the same with Bitcoin could be a mistake with far many more zeroes on it for the United States and the interests of its citizens. But more and more US policymakers are getting savvy about the importance of Bitcoin.

The first state to take the initiative and make a major push for rapid Bitcoin adoption, like El Salvadors Nayib Bukele is doing, will reap enormous financial benefits and make its residents richer very suddenly.

US corporations that have made that bet have profited handsomely in a short amount of time:

If I had picked gold instead when I bought bitcoin, we would probably have about $250 million in gold. And our shareholders would have missed out on $4 or $5 billion. -MicroStrategy CEO Michael Saylor (at the Bloomberg Intelligence event at Bitcoin 2022 Conference)

What state will be the one to go first?

Its unlikely those like New York and other mid-Atlantic states will, because they are so invested in the federal reserve financial system. California is a mixed bag of openness to tech innovation and establishmentarian interests. The residents and businesses there are more likely to adopt than the government.

Florida could be it, with an eye to overtake its large state peers in financial preeminence. Miamis mayor would certainly have it so. Other, smaller southern state like Alabama, Mississippi, Kentucky, or Tennessee would have much farther to run from where they sit economically today, and so perhaps a greater incentive to join the Bitcoin race with gusto.

Their historical distrust and distaste for the centralization of political power in the federal government, on the basis of regionalism and a doctrine of state sovereignty as old as the union itself, would make them likely candidates for official Bitcoin adoption as well.

Bluer states with an independent streak and penchant for social innovation, such as New Hampshire, Colorado, Nevada, and Oregon, are also places where a drive for policy measures to ease and encourage the adoption of Bitcoin would make sense.

Nevada would particularly find many use cases for cryptocurrency beneficial for its unique economy. Colorados pro-crypto governor (and former US congressman), Jared Polis, has already successfully led his state to take measures to encourage the flow of bitcoin to the Centennial State.

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SKT Opens Innovative Workspaces in Three Different Locations in Seoul – The Fast Mode

SK Telecom recently announced that it officially opened innovative workspaces called Sphere in three different locations in the Seoul Metropolitan Area - Sindorim, Ilsan and Bundang.

Created in line with SKTs Work From Anywhere (WFA) policy, Spheres are designed to maximize employee convenience and work efficiency by promoting a smarter and more flexible working environment.

As near-to-home workspaces, Spheres dramatically reduce employees commuting distance and time. It has been found through the companys survey that the employees who work at SKT offices located within the Seoul Metropolitan Area spent a total of 3,969 hours commuting per day, and their total commuting distance was 118,737 kilometers.

SKT also applied diverse cutting-edge technologies to innovate employees experience at Spheres.

Employees can enter Spheres and choose their desks via facial recognition. They can also reserve their seats beforehand using the Sphere app. Moreover, employees no longer have to bring their own PCs to work. At Spheres, all seats are equipped with a tablet that connects them to Virtual Desktop Infrastructure (VDI), which deploys all of the features of their PCs, via facial recognition.

Spheres also have diverse types of rooms to optimally support various works and meetings. In particular, they offer one-person meeting rooms to meet the increasing needs for non-face-to-face meetings. Some rooms are equipped with Oculus Quest (HMD) to support communication in the virtual space. In the second half of this year, employees will be able to hold meetings in the metaverse with the launch of the HMD version of Ifland.

Sphere secured both convenience and safety based on 5G, IoT and quantum cryptography. It is applied with 5G in-building solutions that support ultra-fast speeds and ultra-low latency, and it ensures strengthened security by combining VPN and quantum cryptography for the first time in Korea.

Moreover, IoT sensors located throughout Sphere collect work environment-related data, including room temperature, humidity, fine dust concentration, CO2 level, hazardous substance, illuminance and noise, and AI technology uses this data to maintain an optimal work environment.

By opening workspaces that reflect the actual demands of its employees, SKT expects Spheres to contribute to increasing the happiness of its employees. It has chosen the locations and designs of Spheres considering the place of residence and work characteristics of its 4,300 employees working in the Seoul Metropolitan Area. Plans are ahead for the company to create more Spheres in diverse locations.

Furthermore, Sphere embodies SKTs ESG management policy. By opening near-to-home offices, the company expects to reduce the social costs associated with commuting such as air pollution and traffic congestion.

SKT also added diverse environmentally-friendly elements to Sphere. For instance, the walls and furniture of Spheres are made by upcycling textile waste and these offices are equipped with intelligent cameras that turn off the lights when no one is present. Sphere located in Sindorim and Bundang are in the process of achieving LEED Gold certification from the U.S. Green Building Council.

In July 2022, SKT is planning to open a Sphere with a concept of Work + Vacation at the Walkerhill Hotel located in Gwangjin-gu, Seoul, and employees of SK ICT affiliates will also be able to use this Sphere.

Ryu Young-sang, CEO of SKTWe expect Sphere to become a cradle for innovation by improving employees work efficiency and level of happiness. We will continue to enhance our corporate culture to create an optimal work environment that supports employees to achieve greater goals.

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SKT Opens Innovative Workspaces in Three Different Locations in Seoul - The Fast Mode

BitcoinVision officially releases its ecosystem and attractive open sale program – StreetInsider.com

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Jersey City, New Jersey, April 12, 2022 (GLOBE NEWSWIRE) -- What is needed to make the investment environment better? The answer is to choose a smart investment channel. Here, a newly launched, extremely potential project called: BitcoinVision

VISION & MISSION

BVS' goals are to promote BitcoinVision's widespread use around the world, to empower unbanked people to use BitcoinVision to build wealth for themselves and their families, to establish BitcoinVision as the leading cryptocurrency in emerging markets, and to make BitcoinVision accessible and usable for everyday transactions.

Bitcoin Vision solves the shortcomings by incorporating new technological upgrades that alleviate the high transaction price and sluggish confirmations associated with Bitcoin.

What distinguishes BitcoinVision from other Blockchain platforms?

BitcoinVision transactions are extremely rapid due to the use of the POS consensus method. This transaction capacity has a direct impact on BitcoinVision's buzz and future position in the cryptocurrency market, allowing the network to revolutionize online media.

By raising the total quantity of BVS and decreasing the price, BitcoinVision helps the problem of pricey Bitcoin. BitcoinVision is perfectly suited for daily transactions due to its cheap transaction costs, secure and private blockchain, and reasonable coin prices.

The method of segregating signatures from transaction data in a Bitcoin transaction is known as segregated witness (SegWit). SegWit introduces a new structure known as a witness, which is committed to blocks independently of the merkle tree that stores transactions.

Bitcoinvision Story

As a result, the Bitcoinvision team will concentrate on these platforms that have increased in the crypto market cap ranking while also making substantial technological and community advancement. Also, we will develop Bitcoinvison based on Binance Smart Chain network and be ready to launch our own blockchain.

Bitcoinvisions is a decentralized exchange that runs on the Binance Smart Chain. After collecting the values and strengths of other DeFi initiatives such as Uniswap, Sushiswap, linch, Pancakeswap, and others, the platform is projected to become one of the most well-known in the DeFi world. As can be seen, "decentralization" is the

The future of cryptography It secures personal ownership and transaction privacy, as well as helping to build a closed environment for cryptocurrencies, which are currently plagued by problems on existing platforms. For the time being, we'll rely on BSC to help us progress. We will build the full ecosystem on a different blockchain after we have gained a footing.

Bitcoinvisions aspires to be the world's fastest public ledger, capable of processing over 50,000 transactions per second in the future. A smart contract, a cryptographically secure token, or a non-financial transaction can all be included in a single transaction (NFT). There are absolutely no limits to the ideas, uses, or advantages.

Name: Bitcoinvision

Symbol: $BVS

Total Supply: 21,000,000 BVS

Decimal: 18

Blockchain: BSC (Binance Smart Chain)

Token Contract: 0x699B4C0046b8B9978B93b2CBc3F810AFb82f7D06

TOKEN DISTRIBUTION

Bitcoinvision is a long-term project with a set of 6 phases

Launch BVS-native ICO capability to build up & grow a strong community and at the same time offer users an investment chance with high potential profits.

Building the public base-layer blockchain protocol that optimizes for scalability. Phase 2 goal is to provide a platform that enables developers to create decentralized applications (dApps) without needing to design around performance bottlenecks.

Road to BVS Testnet: From the beginning, BVS Labs intended its Road to BVS Testnet to go through multiple stages and run parallel to early versions of the project's mainnet.

BVS Mainnet Beta: This beta version supports basic smart contract capabilities and token transactions, but it does not feature inflation rewards for validators. Once network inflation turns on, the network will graduate from a beta stage to a production-ready version

Full BVS Mainnet: we plans to upgrade BVS network from Mainnet Beta to a full mainnet version

Eternity: BVS DEX, Wallet, DApp Release.

Bitcoinvisions Token Sale Announcement

Bitcoin Vision was founded with the goal of creating a cryptocurrency based on the BSC model that would make BVS a more trustworthy and useful cryptocurrency for everyone. However, our primary focus will be on transitioning from BEP 20 to its own network, as seen by our present development strategy.

Our Website:https://bitcoinvisions.info

Our Telegram Community:https://t.me/BitcoinVisions_Official_Group

Our Telegram Channel:https://t.me/BitcoinVisions_Official_Channel

Twitter:https://twitter.com/bitcoin_visions

Medium:https://medium.com/@bitcoinvisions.info

Discord Channel:https://www.reddit.com/user/Bitcoin_Visions

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BitcoinVision officially releases its ecosystem and attractive open sale program - StreetInsider.com

Why post-quantum cryptography is a key security differentiator – TechHQ

Post-quantum (PQ) cryptography is the development of new cryptographic approaches that can be implemented using todays computers but will be impervious to attacks from tomorrows quantum ones.

With quantum computing seemingly on the agenda of major enterprises today, many organizations are still not fully prepared for the challenges and opportunities presented by quantum computers.

In fact, advances in quantum computing may threaten the integrity of traditional asymmetric encryption algorithms in the near future. As such, the potential to empower brute force attacks could eventually succeed in minutes rather than years.

According to Microsoft researchers, existing public-key cryptography is based on the difficulty of factoring and the difficulty of calculating elliptic curve discrete logarithms. Because those two problems will be readily and efficiently solved by a sufficiently large-scale quantum computer, we are looking now at cryptography approaches that appear to be resistant to an attacker who has access to a quantum computer. We are developing cryptosystems whose security relies on different, hard mathematical problems that are resistant to being solved by a large-scale quantum computer.

Recently, the National Institute of Standards and Technology (NIST) published a shortlist of PQ safe algorithms which will be resilient to these attacks. Although these algorithms are undergoing review from academics and industry, security-conscious organizations need to start work now in order to be fully prepared for a post-quantum future. This includes carrying out due diligence by investigating the adoption of the short-listed algorithms in their cryptographic ecosystem.

Apart from NIST, NATOs Cyber Security Center (NCSC) has also tested a PQ VPN provider by UK-based quantum computing provider Post-Quantum to secure its communication flows. The White House further released a National Security Memorandumwhich gave the National Security Agency (NSA) 30 days to update the Commercial National Security Algorithm Suite (CNSA Suite) and to add quantum-resistant cryptography.

To help organizations assess their cryptographic stance and integrate quantum-resistant algorithms into their encryption workflows and services, Entrust has announced four new solutions. They include:

For Anudeep Parhar, Chief Information Officer at Entrust, post-quantum computing is an inevitable threat to cybersecurity. While it is unclear when exactly the post-quantum threat will become real, it is generally expected to occur within the decade. He added that as the migration to quantum-safe algorithms can take several years, now is the best time to prepare for post-quantum.

Entrust is at the forefront of post-quantum cryptography. We are participating members of the Internet Engineering Task Force (IETF), and we are also participants in the NIST PQ competition, commented Parhar. Through growth initiatives and investment in solutions like those announced today, we are helping our customers today to prepare for tomorrow.

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Why post-quantum cryptography is a key security differentiator - TechHQ

What The Biden Administration’s Executive Order Means For The Crypto Industry – Texas A&M University Today

A recent executive order sets the stage for potential regulation of cryptocurrency.

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The White House has turned its attention toward the cryptocurrency market with the release of an executive order in response to the dramatic growth of digital assets.

The executive order signed by President Joe Biden earlier this month calls on the government to examine the risks and benefits of cryptocurrencies. Hagen Kim, the J. Rogers Rainey and Annie Bob Rainey associate professor of banking and finance at Texas A&M Universitys Mays Business School, spoke with Texas A&M Today about how the order could impact the future of digital currency and assets and why the government is taking an interest.

A cryptocurrency is a digital asset that uses highly encrypted communication protocols regarding financial transactions. The technologies behind cryptography make it very difficult to manipulate. Therefore, once people trust this technology and use cryptocurrencies, they can spend and move their wealth via the interconnected network. Related, cryptocurrencies use blockchain technology to implement decentralized networks. Blockchain is a distributed ledger, or a book of financial accounts maintained by a disparate network of various individual computers. In sum, cryptocurrency and the associated decentralized network can create a financial transaction system neither issued nor maintained by a central authority.

We use money printed by the government or assets backed by credible financial institutions and firms in economic transactions. Thus, compared to the traditional money and banking system, cryptocurrencies may be advantageous because of more affordable, more accessible, and faster money transfers and decentralized systems that are more resilient and robust to possible system failures. In addition, cryptocurrency can be less manipulated by the government or central authorities. Hence, if properly implemented and used, the cryptocurrency market can compete with the incumbent financial technologies.

However, cryptocurrencys innovative and new aspects also expose users and investors to excessive price volatility, possible use in criminal activities, potential manipulation by major blockholders, high energy usage for crypto mining and network maintenance, and related environmental risks.

The growing popularity of cryptocurrency can be attributed to several reasons. However, one notable observation to help understand this phenomenon is that investing in cryptocurrencies is similar to investing in newly available growth stocks with high potential yet high uncertainty. As investors recognize the potential benefits of new digital assets, they start using and trading them, which reinforces the popularity and technology adoption.

Crypto assets and their markets have seen significant growth in recent years, and the United States has been one of the leading countries in this enterprise. Furthermore, due to recent severe regulatory policies (e.g., banning crypto asset mining) enforced in countries like China and Russia, the U.S. is becoming the industrys frontrunner in technological innovation, market formation and trading.

The United States government wants to minimize the risks mentioned above without losing the leadership and benefits from this rapidly growing industry. Specifically, the executive order asks government agencies to form committees, research cryptocurrencies and work toward creating a regulatory framework for crypto-asset markets.

The executive order calls for measures to mitigate risks related to the cryptocurrency market. From the experiences of the 2007-2009 financial crisis, it is well known that new financial assets can cause significant market disruptions and economic downturns unless proper laws are available and operational. In a sense, the executive order acknowledges the importance of cryptocurrency markets and associated industry.

Cryptocurrency is barely regulated at this stage. Because of the central theme of cryptocurrency being decentralized financial networks, many crypto investors worry that regulation will hurt the industry and related innovation. However, this industry is still at an infant stage, growing at an unprecedented speed with so much volatility, speculation and uncertainty. Uncertainty regarding when and how regulatory measures unravel is one of the main elements of price volatility. Therefore, the first set of regulations will focus on stating the basic rules to protect investors and consumers from fraudulent activities, help them make informed decisions and allow firms to build innovative financial platforms. If correctly done, the new policies and laws should help reduce excessive price volatility. Without a doubt, market stability is vital for the success of cryptocurrency to become a mainstream financial technology.

The executive order asks to explore a U.S. Central Bank Digital Currency (CBDC), which is a digital form of the U.S. dollar. CBDC is a centralized cryptocurrency, unlike other cryptocurrencies. The concept of centralized digital currency is not new. We constantly use domestic and international wire transfers (e.g., ACH, SWIFT). Thus, the main differences lie in the utilization of cryptography and the restrictive applications of blockchain technology.

Many countries are studying and considering launching pilot versions of their CBDC. If the U.S. starts circulating the digital dollar, this can dramatically affect how money changes hands domestically and globally. However, foreign exchange investors and users probably do not tell much difference, except for smaller fees and more prompt money transfers, because most of the changes have to do with the backend. Whether CBDC will be more centralized than the current system and whether CBDC will drive out private cryptocurrencies are open questions and require further investigation.

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What The Biden Administration's Executive Order Means For The Crypto Industry - Texas A&M University Today

What is DeFi, and how to Invest in DeFi with the best defi projects? – Crypto Reporter

The word decentralized finance is referred to as defi. Its a short form of Decentralized Finance, defined as a financial system based on Blockchain. Also, Cryptography, Blockchain, and smart contracts are the three major components of DeFi.

Cryptography is more of a foundation than a system in DeFi, and its referred to as secure communication between two people that only those two people can participate in to access it. This new system was introduced solely based on cryptography. Its technology side is Blockchain. Blockchain is a peer-to-peer network of computers that keeps track of bitcoin or other cryptocurrency transactions. Smart contracts are also deterministic code chunks that can be executed autonomously.

We live in a centralized world with centralized money, which implies that governments and banks can only control our financial system. Inflation and a significant increase in interest rates are among the outcomes. On the other hand, Defi was offered a viable alternative to this economic system.

Money must be transmitted or received through intermediaries such as banks or stock exchanges in the traditional financial system. Furthermore, all parties must have faith in the intermediaries fairness and honesty to feel at peace with the transaction. Many DEFI projects got launched and listed on crypto exchanges. Do compare different platforms to buy cryptocurrency.

In BlockChain, however, these points and banks are replaced by codes. Instead of going through banks or stock exchanges, people trade directly with one another, with blockchain-based smart contracts creating markets, settling trades, and ensuring that the entire process is fair and trustworthy.

The question now is how to put money into Defi

Defi is not a commodity. It is a financial system, and many companies/communities have released products based on this system or technology, such as bitcoin or Ethereum. These societies are frequently decentralized, implying that they adhere to the fundamental concept of decentralized money. You may acquire these projects coins or tokens on crypto exchanges to invest in them.These coins and tokens function similarly to company stock. You directly invest in that community or system by purchasing tickets or coins.

Here are the most extraordinary Defi Projects that are now available for investment.

Bitcoin

Bitcoin is a well-known cryptocurrency that was created in 2009. After the 2008 stock market meltdown, many people saw it as the first effort at a decentralized financial system. Bitcoin has overtaken Ethereum as the most influential cryptocurrency. Many people continue to invest in cryptocurrencies and earn from them regularly. You can also begin investing in bitcoin, the most valuable cryptocurrency in market capitalization. You can also buy bitcoin securely on a local crypto exchange because they have multi-signature wallets, so your assets would be safe on bit oasis.

Ethereum

Ethereum is a decentralized financial system, and It is an open-source blockchain that allows users to create smart contracts. The platforms native cryptocurrency is Ether. Ethereum is regarded as a Blockchain internet that houses a robust financial system and has also aided several technological advancements in blockchain technology. In terms of market capitalization, it is the second-largest cryptocurrency. You can check Ethereum price in AED to begin investing in UAE, also known as crypto heaven.

Cardano

Charles Hoskinson, a co-founder of Ethereum, began developing the platform in 2015 and unveiled it in 2017. Cardano is a publicly accessible blockchain platform. Its open-source and decentralized, with consensus achieved by proof of stake. It can facilitate peer-to-peer transactions thanks to its built-in cryptocurrency. Cardano is one of the top ten most valuable currencies in market capitalization. You can buy Cardano in the United Arab Emirates from the local crypto exchange.

EOS

The EOS platform was built by Dan Larimer and distributed as open-source software. EOS.IO is a blockchain system based on the cryptocurrency EOS. This smart contract platform claims to be capable of processing millions of transactions per second while obviating transaction fees. In the future, EOS could play a significant role in Defi. It could be your best long-term investment. You can check the EOS price chart on a local crypto exchange.

Tezos

Tezos was first introduced in 2014 by Arthur and Kathleen Breitman, a husband-and-wife duo. Tezos is a decentralized open-source blockchain that may be used to conduct peer-to-peer transactions and serve as a platform for deploying smart contracts. The Tez, abbreviated as XTZ, is the native coin of the Tezos network. The Tezos network uses Proof-of-stake to gain consensus. Tezos has an on-chain governance architecture that allows the protocol to be updated when community members approve upgrade proposals.

Conclusion

So as we all are witnessing, that world is going towards Decentralized systems, so why not invest now? DeFi is getting more and more investors day by day. You could be one of them by investing in any good DeFi project. All the tasks mentioned above are credible and secure, so you must give them a try.

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What is DeFi, and how to Invest in DeFi with the best defi projects? - Crypto Reporter

The 5 Best Cyptocurrency Platforms and Exchanges in 2022 – Techpoint Africa

Are you a cryptocurrency enthusiast? Or are you eager to start your cryptocurrency investment journey? So this is your lucky day because we will review the best cryptocurrency platforms.

So far, the number of cryptocurrency platforms that flood the market is overwhelming. Therefore, it can be a stressful experience to look for a platform that works best for you. To settle for a cryptocurrency platform, you must be well informed.

Trading and investing in cryptocurrencies is an obvious risk. But by working with the best platforms, you can greatly reduce the risk. So, before immersing yourself, take your time to learn more about the cryptographic platform. Before entering the best cryptocurrency platforms, lets first review the factors used to evaluate these platforms.

Evaluation criteria

1. Compatible cryptocurrencies

Are you looking for a platform with diversified cryptography to invest and trade? Then, you must know the cryptocurrencies provided by the platform: either Ether, Bitcoin, Dogecoin, Ripple, or Litecoin.

The more cryptocurrencies, the more diversified your portfolio will be. And not only for digital currency, but also for fiat currency and other financial assets.

2. Mandatory rates

Like a bank, cryptographic platforms often make money from exchange rates. So expect to pay some fees to keep your investment or trade going. These rates include inactivity fees, withdrawal fees, deposits, and even CFD trading fees. In addition, some platforms charge fees for any transaction made on the platform.

3. Security measures

A cryptocurrency platform cannot be the best without following crucial security measures. Security measures such as data privacy and fund security. Large cryptocurrency platforms and exchanges are well known for their reputable security measures. These platforms are well aware of the great insecurity posed by the attackers and thats why they work overtime to prevent any case of assaults and robberies.

4. Customer service

Certainly, we cant talk about the best encryption platforms without consulting their customer service. The best platforms have the best customer service that provides outstanding services to their users. These support services can be transactional, technical, or even general crypto subjects. Most of the platforms we review provide you with an email or even a chatbot for customer service.

5. Withdrawal and deposit methods

Platforms must provide the most available transaction methods for transactions. Nowadays, bank transfers and debit/credit cards are becoming obsolete. Therefore, most cryptographic platforms have adopted digital transaction methods.

6 User experience

Another equally important factor is the user experience of a platform. Often, this is a factor that is overlooked and often considered unnecessary. However, a well-designed and easy-to-use platform undoubtedly establishes the right way for your trading sessions. And it applies not only to the desktop interface but also to mobile applications.

So, following the above criteria, lets move on to the best cryptocurrency platforms you should consider.

There is a reason why Coinbase is number one on our list. It is still the oldest cryptocurrency platform on the market after its launch in 2012. And in 2021, it was made public in Nasdaq. At the same time, this platform provides you with more than 50 cryptos for your business experience. More importantly, it comes with a free wallet with private keys to ensure its cryptographic storage.

Coinbase is well known for its above-average transaction fees. You will incur a Coinbase fee and a distribution fee when making transactions.

If youre looking for a Nigerian-based platform with a wide variety of cryptocurrencies that supports mobile transactions Pandar could be the right one for you. It provides its users with almost all the most popular cryptocurrencies to trade and invest in. So far, the platform does not have a minimum deposit, which makes it even better for beginners.

Launched in 2016, Pandar is an easy platform to navigate and work with. That is why it continues to be an accessible platform for both active traders and beginner investors. When it comes to customer service, Pandar does not disappoint. It provides customer service both by phone and email, accessible at any time.

This cryptocurrency platform needs almost no introduction. It is large, and popular in the market right now. Binance provides users with several cryptocurrencies to trade and invest in. To make it convenient for users, Binance has an official Trust Wallet for cryptographic storage. This wallet is a highly qualified free application on the App Store and Google Play Store. And since the wallet is not essential, you can freely use another crypto wallet.

In addition to crypto security, Binance also protects deposits made in US dollars. This money is stored directly in bank accounts in the custody of the FDIC. Even better, if your cash amount is up to $250,000, you get automatic insurance that allows compensation in case of bank failures, theft, brokerage failures, or even unauthorized transactions.

BlockFi is one of the platforms that provide interest for your crypto. In addition, it allows you to save your crypto assets in case you need cash. And how do you do this? BlockFi loans make it possible. It allows a minimum account of $0, which means that you can deposit any trading amount. More importantly, it provides diversified customer support for its customers. Customer service ranges from the phone to email and chatbot. BlockFi charges a margin fee for any operation carried out. In addition, it provides a free withdrawal for cryptocurrencies and stable currencies per month. So, to save money, you can limit your withdrawals to one per month.

In addition, to the crypto features mentioned above, Pandar also offers its users a platform to trade other digital assets like gift cards via mobile app available to Android and iOS users. It has an interface that looks as elegant on the phone as it is on the desktop.

Now that you know the best encryption platforms, you can easily choose the one that best suits your needs. Also, remember that dealing with cryptocurrencies can be risky. So you may eventually want to know more about ways to secure your cryptography.

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The 5 Best Cyptocurrency Platforms and Exchanges in 2022 - Techpoint Africa

Three ways the European Union might ruin WhatsApp – The Verge

Today, lets talk about Europes aggressive move to require big online messaging services to be interoperable, and see how WhatsApp is thinking about the contradictory mandates its receiving from regulators.

In Europe, two big ideas currently hold sway among the people regulating technology companies. One is that it should be easier to compete with tech giants, and that a good way to accomplish this is to force their services to play nicely with others. Two is that users data privacy is of paramount concern, and any data sharing between corporations is to be treated with the utmost suspicion.

Its unclear the extent which regulators realize that, in hugely important ways, these ideas are often in conflict. But at the moment they are on an absolute collision course, and it doesnt feel hyperbolic to say that the future of end-to-end encryption hangs in the balance.

I have now written about global threats to encryption enough that I feel like a somewhat tedious party guest, always steering the conversation back to my pet issue no matter what else is happening elsewhere. But the aftermath of Russias invasion of Ukraine, in which Moscow police stopped antiwar protesters and rifled through the messages on their phones, offered only the latest illustration of why it all matters: the ability to communicate privately in a world of ubiquitous expanding surveillance and data retention is of real, practical importance to almost all of us.

On Thursday, European officials reached an agreement on the Digital Markets Act, a landmark piece of legislation that would reshape the ways in which tech giants compete with their rivals. The act applies to what it calls gatekeepers defined as any platform that has a market capitalization of 75 billion, or more than 7.5 billion in European revenue. So: yes to WhatsApp and iMessage; no to Signal and Telegram.

Among many other provisions, the DMA would likely bar Amazon from using data from its third-party sellers to inform its own product development, and require Android to offer users alternatives to Google search and email.

I say likely because the current text of the agreement is not available for public inspection. I never feel more at risk of making an error than I do writing about the European Unions legislative process; the last time I did so I had to publish corrections two days in a row. But my understanding is that what has been agreed upon is essentially a rough framework for the eventual law, and the final text is still forthcoming.

Meanwhile, legislation is now being crafted in working groups; some of the language they are considering is leaking out and being posted to Twitter by various parties. Those leaks, combined with past public statements and previous draft legislation, is how we know anything about Europes plans for messaging apps.

For example, what we know about the DMAs plans for interoperability comes in part from Benedict Evans tweeting language from the draft proposal:

Allow any providers of [messaging apps] upon their request and free of charge to interconnect with the gatekeepers [messaging apps]. Interconnection shall be provided under objectively the same conditions and quality that are available or used by the gatekeeper, its subsidiaries or its partners, thus allowing for a functional interaction with these services, while guaranteeing a high level of security and personal data protection.

Over the weekend, cryptography experts sounded the alarm about this idea, saying that platforms might not be able to do this in a way that leaves messages encrypted. As Alex Stamos of the Stanford Internet Observatory put it to me: Writing the law to say You should allow for total interoperability without creating any privacy or security risks is like just ordering doctors to cure cancer.

The problems are straightforward enough; Corin Faife captured some of them here at The Verge:

Given the need for precise implementation of cryptographic standards, experts say that theres no simple fix that can reconcile security and interoperability for encrypted messaging services. Effectively, there would be no way to fuse together different forms of encryption across apps with different design features, said Steven Bellovin, an acclaimed internet security researcher and professor of computer science at Columbia University.

Trying to reconcile two different cryptographic architectures simply cant be done; one side or the other will have to make major changes, Bellovin said. A design that works only when both parties are online will look very different than one that works with stored messages .... How do you make those two systems interoperate?

Disdain for the new requirements is not universal; Matrix, a nonprofit organization working to build an open-source standard for encrypted communication, published a blog post Friday explaining some possible technical paths forward.

But its clear that, to the extent that there might be a way for services like iMessage and WhatsApp to interoperate and preserve encryption, that way has yet to be invented.

At the very least, it hasnt yet been built.

Owing in large part to the confusion over what exactly is being proposed, platforms have so far had little to say about the DMA and interoperability. (The giants lobbied against the DMA heavily, but apparently without much success.) Apple and Google did not respond to requests for comment from me.

But on Monday afternoon, I spoke to WhatsApp chief Will Cathcart over Zoom. End-to-end encryption has become WhatsApps signature project under Cathcart, both on the product side (it rolled out encrypted backups last fall) and the policy side (fighting an ongoing legal battle to preserve encryption in India).

I asked how he was feeling about the DMA as he understands it so far.

I have a lot of concerns around whether this will break or severely undermine privacy, whether itll break a lot of the safety work weve done that were particularly proud of, and whether itll actually lead to more innovation and competitiveness, Cathcart said.

Its easy to dismiss these concerns as self-interested: of course WhatsApp is going to oppose opening its doors to allow other apps to integrate themselves into its own user experience. But when I pressed Cathcart on WhatsApp on what would be so bad about it, his answers offered plenty of things for regulators and everyday WhatsApp users to worry about.

Among them:

How much of this do European regulators understand?

Its really hard to say without being able to see what they decided, Cathcart said. I dont know. Did they consult extensively with security experts? The reactions from a bunch of security experts that Ive seen suggests that those experts, at least, werent consulted.

Its also worth asking what interoperability will actually do to make the messaging market more competitive. Email is an open, interoperable standard and has been for decades; but today, Apple, Google, and Microsoft own around 90 percent of the market. Meanwhile, the market for messaging apps is much more dynamic even without interoperability: it includes apps from Meta, Telegram, Signal, Snap, and others.

In part thats because companies can add features more quickly when they dont have to create open APIs to support them. Notably, Snap said two years ago that mandated interoperability would be an own goal of huge proportions for regulators, since the end effect would be to ossify the market, foreclosing it to innovative newcomers.

All that said, Im not totally immune to the lure of interoperability. As someone who spends most of my day switching between inboxes, the idea of having fewer places to send and receive messages has clear appeal. And Im open to the idea that upstarts could use access to APIs from iMessage, WhatsApp and the like to put innovations in front of users faster than the typically slower-moving tech giants, and grow more quickly as a result.

But Europes simultaneous push for increased competition and maximum user privacy feel like a clear case of one hand not knowing what the other is doing. The fact of the matter is that almost no one I have read or spoken with believes you can do both, at least not in the way that the EU has proposed. And any solution that materializes may open up worrisome new vulnerabilities around privacy, misinformation, hate speech, and other danger zones.

Regulation is always a matter of attempting to solve old problems without trying to create too many new ones in the process. But doing that successfully requires developing a deep technical understanding of the issues at stake, and discussing them with experts in public. So far, the European Union hasnt shown much evidence of doing either.

For encrypted messaging to have a real future, thats going to have to change, and soon.

Read more here:
Three ways the European Union might ruin WhatsApp - The Verge

Cuba develops several projects with the use of blockchain technology – Prensa Latina

According to statements by Alexis Mas, computer engineer and main architect of the blockchain group of the Institute of Cryptography, one of them is the one that is implemented with the company Tecnomtica to establish traceability of the fuel used by aviation.

Since 2019, they have been working on this purpose, and the digital tool is already beginning to be used, thanks to which physical documentation can be replaced, he said.

Likewise, he added, with the Information Technology entity belonging to the Business Group of the Biotechnological and Pharmaceutical Industries of Cuba (BioCubaFarma), work is being done on the creation of a decentralized system.

The objective of this will be the identification of drug owners and the management of information related to their possession and transfer, with the advantage that it will be able to bring together all the actors involved in said mechanism.

What we propose, he said, is to tokenize all the drugs that are marketed and produced in the country, that is, convert them through cryptography into an object that simulates another tangible one, after which each blister of specific products will be identifiable.

Other plans, as he mentioned, are based on creating a platform for the commercialization of public debt with the Central Bank of Cuba, and in a decentralized system for the registration of degrees with the Ministry of Higher Education.

They also aspire to set up a virtual wallet in conjunction with the Defense Information Technology Company and the digital payment gateway Enzona, and in a decentralized system for the automation of government processes.

Blockchain technology, traditionally associated with the generation of cryptocurrencies, is a publicly accessible database that uses cryptography and a decentralized system of thousands of computers to store non-breakable information, Mas said.

In the opinion of the connoisseur, its applications in the Cuban scenario are infinite because, in addition to optimizing the techniques currently used and providing them with greater security, it allows a better use of human resources.

Informtica 2022 ends today in this capital after five days of work in which experts from more than 14 countries in sectors associated with artificial intelligence, robotics and cybersecurity gathered.

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Cuba develops several projects with the use of blockchain technology - Prensa Latina