Crypto Great | Bitcoin | DeFi

2021-09-02 11:47:00 Polygon (MATIC)

Polygon Network is a sidechain built on Ethereum that provides scaling solutions and an infrastructure for creating blockchain networks that can interact with each other.

Since 2017, Polygon has been successfully building Ethereum’s scaling infrastructure. Even though much success has been achieved, Polygon understands there is more work ahead in order to reach its first billion users in crypto.

This is why on August 13, Polygon announced it had acquired and merged with the Hermez Network – a ZK-Rollup-based Ethereum scaling solution project and team. This will be the first blockchain merger and also the first merging of native crypto tokens – MATIC and HEZ.

Zero knowledge rollups – aka ZK-rollups – bundle or “roll up” hundreds of transfers offchain and generate cryptographic proof. This is known as validity proof and is accepted on the main-chain.

This allows for adoption of large-scale operations. Most processing and computation is done off the main network which allows for less congestion, leading to faster transactions and cheaper fees.

Polygon has allocated $1 billion of its treasury and is strategically focusing on ZK technology as the next chapter for Polygon. Of this, $250 million worth of MATIC from this ZK Strategic Fund was used to acquire Hermez, viewed as one of the most successful in the ZK-scaling field.

All of the elements that make up the Hermez project will now be integrated into the Polygon ecosystem. The team, live solutions, and its technology will be known as Polygon Hermez and its HEX token will be integrated into the Polygon ecosystem. Users will be able to swap their HEZ tokens for MATIC at a 3.5 MATIC : 1 HEZ ratio.

This is the first of many investments into the ZK field for Polygon. Polygon is strategically committing to allocating significant resources to grow its team and provide solutions with the goal of becoming the leader in onboarding the first billion users to the Ethereum network. Open / Comment

2021-08-30 12:51:35 ​​The Graph (GRT)

The Graph is the indexing and query layer of the decentralized web. The Graph allows developers to build and publish data in subgraphs, making indexing and querying data from the blockchain more efficient.

With last month’s release of Subgraph Studio and Graph Explorer, managing data is now an open competitive market. Any developer can test and publish subgraphs directly to the new decentralized Explorer.

The Graph is becoming a major blue-chip product for developing decentralized applications (dApps). With over 20,000 active developers supporting its network, The Graph has become the preferred solution in the blockchain data indexing and query space.

Furthering its focus on high-performance and scalability, on July 28, The Graph announced its integration with the Polygon Network. Polygon’s infrastructure and compatibility with Ethereum provide a viable platform for developers and projects to facilitate large-scaled operations.

The Polygon Network allows The Graph to expand on its use cases which has resulted in the launch of billing contracts for Subgraph Studio on Polygon.

As we mentioned, Subgraph Studio allows developers to build, test, and publish subgraphs, and also manage their application programming interface (API) keys – a unique identifier that authenticates requests. Developers will be required to pay fees charged to API keys. Subgraph Studio fee invoices are generated weekly in the system.

The Graph is developing its billing system on Polygon to enable much faster and cheaper transactions for users and developers alike. Developers can now be more productive as they can seamlessly query data and provide services without worrying about expensive transaction fees. Open / Comment

2021-08-27 16:47:39 SafeEarth 5 Month Anniversary www.safeearthcrypto.com
$20,000 Giveaway + Probit Trading competition

SafeEarth - ONLY on the Ethereum blockchain. Saving the planet through investment. Today we celebrate 5 months and we are running major competitions on our official telegram channel, in addition to trading competitions on our latest CEX listing - ProBit. Check out our 5 month anniversary video above! turn the volume up to hear the narrator! Join us today to find out more about our $20,000 Giveaway!

Liquidity: $1,404,025
Market Cap: $2,845,204.7
Full audit by Hacken
Own Swap - EarthSwap
$240k Donated to Charity

Our CEO Will be on Bloomberg, Fox business RNN, KRON4 this month, SafeEarth is the sister token to SafeMars with Half the MC locked in Liquidity and a low token tax of 4% 1% Earth Fund 1% Back to liquidity pool 1% Redistributed to Holders

Website : https://safeearthcrypto.com/
Telegram: https://t.me/safeeartheth
Twitter: https://twitter.com/SafeEarth Open / Comment

2021-08-26 11:24:00 Unibright (UBT)

Unibright is helping enterprises plug into blockchain networks with minimal effort through its low-code framework.

Unibright’s blockchain, Baseledger, utilizes the Baseline protocol to provide enterprises with low transaction fees, high performance, and data compliance to businesses who use the network.

During the first week of October, Unibright will be showcasing its technology to some of the largest enterprises at EthAtlanta. The three-day event is an opportunity for business leaders and developers to come together with the purpose of building the next-generation enterprise solutions using Baseledger.

At this event we will hear from Microsoft, Ernst & Young, ConsenSys, Coke One North America, and more from the Baseline Protocol community. Additionally, we expect to hear about new partnerships and developments with Unibright.

Elsewhere, Unibright recently opened an office in the Netherlands to become closer to regulators and prospect customers in the region. This move aims to help educate regulators and potential customers on the benefits blockchain technology and Unibright have to offer. Unibright is quickly positioning itself to become the go-to solution for enterprises looking to take advantage of blockchain technology. Open / Comment

2021-08-23 13:01:33 ​​Band Protocol (BAND)

On July 13, Band Protocol launched its phase two Laozi which aims to enable data providers like Google Cloud and Bloomberg to work seamlessly with decentralized applications (dApps).

The update allows data providers to run nodes themselves rather than having intermediaries acquire the data. By simplifying the onboarding process, Band also intends to enable smaller data providers to participate. Additionally, phase two will simplify access to dApps for traditional enterprises, bringing them more data sources and richer data types. Institutional data providers can partner with Band Protocol to expand their data coverage and offerings to developers.

The CEO and co-founder of Band, Soravis Srinawakoon, explains that:
After prioritizing the onboarding of decentralized applications, we are directing our focus to bridge the gap between mainstream enterprises an d the blockchain industry. There is enormous potential for traditional enterprises to create new business models and revenue streams by integrating their valuable data with decentralized ecosystems enabled through Band Protocol.

BandChain Phase Two supports eight times the number of requests per block with the execution of oracle scripts occuring 10–15 times faster. With the implementation of Cosmos’ Inter-Blockchain Communications protocol (IBC), detailed in our previous portfolio update, dApps can easily request data from BandChain across multiple blockchains.

On July 22, Cosmos integrated the Band Oracle into its Starport – a framework to accelerate blockchain development. Newly created chains are able to exchange feeds of varying data types by using Band’s oracle and the Cosmos interoperability standard IBC protocol.

Any developer who builds a chain using Starport can easily add a data-query function from an oracle. This broadens the horizon for any team aiming to build its own blockchain, and sets Band Protocol as a cross-chain standard for oracle functionalities. Open / Comment

2021-08-19 11:45:00 Rari Governance Token (RGT)

The Rari Governance Token is the native token behind Rari Capital, a non-custodial DeFi autonomous advisor that earns users yield.

On May 8, Rari Capital suffered an exploit. The attacker artificially inflated the value of a token connected to its Ethereum contract pool, allowing them to withdraw more tokens than they deposited. The exploit drained a total of 2,600 ETH from the pool (worth about $7 million at the time of writing).

Now, only user funds in the targeted ETH pool – the one with Alpha Finance Labs’ ibETH token – were directly affected by this exploit. However, there were some indirect repercussions to all token holders. This sent RGT’s price from $17 to $9. But it recovered to around $13.50 before being swept up in broad market turmoil.

Rari plans to reimburse users who lost funds in this exploit and has already allocated $26 million for total funds to be reimbursed.

It’s also taken major steps to reassure users that something like this won’t happen again. For instance:
It will reach out to the DeFi protocols it’s interacting with to review the code
Set a threshold to pause a liquidity pool if the ratio falls below a certain level
Prevent deposits and withdrawals in the same block (helps protect against flash loan attacks like this one)
Internally review protocols it’s working with
Enlist more top auditing firms to help review code

While this was unfortunate to see, we believe it was a good learning lesson for the team and something it’ll recover from. Vulnerabilities like this inspire better auditing systems, and we believe the project will grow stronger as a result.

Rari’s outlook remains bright. It has what it takes to become the future of finance. And once it recovers and puts its more stringent practices into play, we see its price recovering to previous highs and surpassing them. Open / Comment

2021-08-16 12:42:11 Ether (ETH)

Like bitcoin, Ethereum is experiencing a major pullback after nearly doubling in price over the past month.

Despite that, I believe Ethereum is still the most important operating system the world has ever seen. And I believe it’ll be crypto’s next trillion-dollar coin.

Why do I believe that? Because the next stage of software development will happen on the blockchain. And Ethereum is the world’s most widely-used blockchain development platform… The way Microsoft was the world’s most popular development platform in the 1990s… And the way the Android and iOS operating systems are the most popular development platforms today for mobile apps.

And we’re seeing that growth play out in the decentralized finance (DeFi) space. Last week, total assets held in DeFi protocols on Ethereum shot up to $87 billion. That’s a 412% increase from the $17 billion held on the network at the start of 2021.

Investors are starting to realize the superior benefits of DeFi applications on the Ethereum network compared to legacy options. While this is overall bullish for the platform and the ETH token, it hasn’t been without some growing pains.

Ethereum’s rapid growth has led to a surge in the price of transaction fees. But as we’ve written to you before, Ethereum developers are working to solve this problem with layer 2 scaling solutions, the transition to Proof of Stake (PoS) consensus, and other upgrades.

The most promising is Optimism. It can increase transaction speeds 100x and reduce fees 700x. Its mainnet launch is expected to go live sometime next month.

In a recent interview, Ethereum’s founder Vitalik Buterin said scaling issues will soon be a thing of the past once users migrate to layer 2 solutions in the months ahead.

Currently, Ethereum can process about 30 transactions. Once all the upgrades are made, Buterin expects it will handle over 100,000 transactions per second. For context, the Visa network can handle x transactions per second.

On the adoption front, the European Investment Bank, the EU’s lending arm, issued $121 million worth of bonds on the Ethereum network. As you may recall, this news comes just after Visa accepted its first payment on the Ethereum network back in March.

Institutional adoption like this is cementing Ethereum as the global asset settlement layer. With the largest payment processor experimenting with the network… government lending arms issuing bonds… and tens of billions of dollars working around the clock on its platforms – no other network comes close to Ethereum’s success.

Ethereum’s future is brighter than ever. And once it solves its scaling issues, it’ll kick adoption into overdrive. At that point, nothing will hold it back from surging to new heights. To make sure we’re positioned for its next moves higher, we’re raising our buy-up-to price on ETH today. Open / Comment

2021-08-12 11:32:00 Enjin-Coin (ENJ)

Enjin-Coin is a next-generation NFT platform. Its most recent features make it easy for individuals and businesses to use NFTs.

Last month, Enjin launched its new Proof of Authority (POA) blockchain called JumpNet. Two weeks after its launch, over 50 companies were using the network’s free NFT service, including Microsoft and Binance.

Microsoft teamed up with Enjin to create NFTs for Minecraft, one of the largest online multiplayer games. Players can now bring their in-game materials across any gaming platform on the MyMetaverse Minecraft server.

With JumpNet’s POA blockchain, creators can mint and distribute NFTs without paying transaction fees. This helps increase scalability on the Ethereum network through instant, secure, and gasless transactions.

To further its goal of gasless transactions, Enjin is teaming with blockchain project Polkadot. The two plan to launch a multichain highway for NFTs called Efinity by year’s end. It’ll allow any wallet marketplace or exchange to adopt multiple blockchains and allow users to move tokens onto multiple chains without the cost of gas fees.

Enjin is making great strides to become the top marketplace for NTFs. And with exciting releases looking forward, it’s ahead in the race to capture NFT market share. Open / Comment

2021-08-09 13:20:12 ​​Streamr (DATA)

Streamr is a decentralized infrastructure for real-time data, replacing centralized data servers with a global peer-to-peer network.

It relies on cryptography to empower and supply the Internet of Things, smart cities, and businesses with secure, real-time data.

Streamr makes data tradable and profitable through people and machines using the DATA coin.

Last month, it partnered with Tapmydata (TAP), a leading mobile app. TAP will help people discover what information organizations store in their own databases and help them take back control of their data.

With this, users will be able to monetize their data through established, decentralized, and scalable messaging and payment networks.

In our last Streamr update, we talked about its Data Unions 2.0 upgrade. This upgrade presents the perfect opportunity for any project to build data crowd-selling capabilities and manage users’ income streams from it.

In an interview, TAP’s founder Irfon Watkins recently expressed his excitement about the scalability, accuracy, and security of the network. And to help users get control of and monetize their data.

With the world becoming more autonomous, we need a system to keep control of how organizations use or sell our data. It’s a market worth $138 billion. And Streamr is poised to tap into that industry in an ethically sourced, decentralized way. Open / Comment

2021-08-05 12:11:42 ​​Status Network Token (SNT)

SNT is a token, Web 3.0 mobile interface, and open-source messaging platform that interacts with Ethereum applications.

The Status Network allows users to…
Control their identity and personal data
Access decentralized marketplaces
Create and share content
Create companies without limits or borders
Purchase insurance policies

And to access some of these features, users need SNT, which fuels the network. This increases demand for the token.

And Status has been improving its features as well. The Status Keycard allows users to store their private keys offline in a more secure, cold storage hardware wallet. And two recent updates, Reset Keycard and Backup Keycard, brought support for multiple accounts and more convenience.

This has boosted the number of users on the network. In Q1, Status saw over 900,000 installations and nearly 750,000 new users – that’s an average 8,333 users per day. So it’s seeing good results from these new upgrades.

Since SNT is a crucial part of the Status Network ecosystem and its development, token holders will be benefactors of all this growth. Already, holders of SNT have seen an 876% return since the beginning of 2021. With the dramatic increase in new users, we see no slowing down in token price or usage for the Status Network. Open / Comment