Connect with us

Cryptocurrency

ADD.XYZ Is Introducing Privacybydesign, ERC-20 Privacy Anonymizer with Yield Farming

Published

on


Add.xyz relaunched in September 2020 as the first full-stack defi platform aggregating Lending, Insurance, Privacy, Governance and Staking into one platform for ease of use for users.

Privacy Mixers and Yield Farming on Add.xyz

For the first time, we will be implementing yield farming, in what would probably be the first real yield farming based product with a real use-case – Privacy. We have taken the first steps by designing a lending platform whereby users can use the bl3nd3r privacy anonymizer at the deposit or withdrawal stage of lending, or whereby users can simply stake their liquidity into the privacy mixer and earn yield.

Photo: ADD.xyz

Yield Farmers can interact and gain yield, by staking their liquidity within the privacy mixer itself. This is a revolutionary way of using yield farming to support the entire blockchain space mutually, by allowing users to mix their liquidity together in order to gain anonymity. We anticipate that by integrating yield farming into privacy mixers, the liquidity within mixers could rapidly increase far beyond the normal levels of liquidity seen in mixers over the past few years.

Alongside our own native privacy mixers, users of Add.xyz will also be able to choose between Bl3nd3r or Tornado Cash’s privacy mixer, and in the future mix between both services, increasing anonymity and the anonymity set; we are still working this one out. Add.xyz will be launching Bl3nd3r with ETH and DAI pools enabled.

Battle for Privacy Heats Up

The battle for privacy is heating up as regulators across the world highlight and target centralized exchanges with inadequate AML policies around the world. At the same time, traditional financial institutions and corrupt governments across the world continue to increase the implementation of legislation to erode the rights of individuals and their privacy, allowing for governments to snoop on private communications such as the snoopers charter and blanket mass surveillance.

Many DeFi projects have taken steps towards centralization by working hand in hand financial regulators to gain licences and align themselves with old practices. As regulators begin to understand the blockchain space in more depth, user privacy is becoming pivotal.

Several U.S. government agencies have already announced grants in the millions of dollars to crack and reveal the identity of users of entire privacy encryption-based blockchains like Dash and Monero. As Vitalik points out, privacy is important and should one day be a modular option for users interacting with the Ethereum blockchain, and no doubt with the adoption of this feature, regulators will target any Ethereum-based privacy protocols deployed.

We believe that self-executing code is what it says it is, and should not be vulnerable to interference and manipulation, even from its creators. That’s why we have launched a new ERC-20 based privacy mixer using ZKsnarks encryption, which is self-execution and has no centralized backdoor even by the creators once it has been audited and is stable.

More Insights into Privacy – Privacybydesign

Our journey begins by aiming to launch the blockchain space’s first privacy-based lending protocol, whereby privacy by design is held as the foremost principle in architecting multiple money market protocols that are aimed at ensuring user privacy.

We have taken the first steps by designing a lending platform whereby users can use the bl3nd3r privacy anonymizer at the deposit or withdrawal stage of lending, as a halfway solution and testing ground for a total privacy-based lending protocol.

Most, if not all protocols are moving towards the direction of revealing user identities, in fact many already harvest user data and sell this off. We’ve always known that off-chain and on-chain privacy solutions will fall short of a completed anonymous privacy protocol. While these things take time, we are pulling together the architecture, team and experience to deploy something incredibly special into space.

There has been considerable disruption caused by the likes of Apple and Google who are forcing not just some of the largest game creators and developers on mobile into forcing the way they operate, but also companies like Coinbase for example are under pressure.

In the latest comments by Coinbase’s CEO, Brian Armstrong, states that Apple is limiting the cryptocurrency firm’s functionality and features. Many of the leading blockchain software companies with mobile apps are also afraid of speaking out in fear of retaliation.

Brian Armstrong’s comments go further into showing the political nature of Apple’s hostility towards crypto as they have specifically censored Coinbase’s Earn feature, stopping users from accruing APY through lending.

There are considerable threats to traditional finance from monopolies within banking who will put pressure on companies like Apple and Google not to allow additional rails and increase access to mainstream consumers to earn money.

Blockchain News, Business News, Cryptocurrency news, News



Source link

Up Next

JPMorgan Woes Banks to Build on Its Updated Liink Banking Network

Don't Miss

ASX Further Delays Blockchain Transition Until 2023

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Cryptocurrency

Ensuring Greener Future with Blockchain and Crypto Tech

Published

on

By


The SWS (SmartWorld Security) token is an Ethereum-based token that helps make the SmartWorld program a reality.

We as a human race have progressed significantly in the past few centuries. We went from gas lights to LED bulbs, from telegrams to sophisticated smartphones, from horses to cars, and from small villages to smart cities.

All this technological development has made life easier for us, made distances seem short, and helped us connect with people across the globe. But, we failed to realize that this development was coming with a high cost. It cost us our relationship with mother nature.

We were so caught up with the idea of progress that we damaged nature to a point where our future as a civilization is endangered. The problems of global warming and climate change have become profound in the recent past, and if not controlled, they can threaten our existence. So, what do we do? Do we stop progressing altogether?

Well, no. We need to develop better, smarter technologies that help us exist in harmony with nature.

Offering Greener Alternatives to Major Industries

When we think of a smart world, we think of flying cars, high-tech robots, and other futuristic technologies. But, our world can only become truly smart when we find innovative ways of improving our quality of life while coexisting with nature. This is exactly what initiatives like the SmartWorld program aim to achieve.

The SmartWorld program is a blockchain and crypto-enabled initiative that supports unique projects providing greener alternatives to major industries like transport, infrastructure, energy, and fertile soil. It aims to solve the climate crisis and other related problems by reconnecting man with nature with the help of innovative technologies.

Transportation is the first and foremost stage of the SmartWorld program, which is being developed today. With the help of Unitsky String Transport, it provides an entirely new way of transporting people and cargo. The string rail with included communication channels and suspended vehicles located above the ground, can autonomously transport passengers and cargo at a speed of 500 km/hr. In the future, passengers will be able to travel at 1200 km/h.

The United Arab Emirates is a priority market for the implementation of this String Rail. In 2019, Unitsky String Transport was proposed as a potential solution for developing the Dubai infrastructure. The project provides the construction of a “second-level” urban transport system with a total length of 15 km with 21 stations in Dubai that will connect Business Bay, Downtown Dubai, and Dubai International Financial Center (DIFC). This is in accordance with the UAE Dubai Smart City’ goal to automate 25% of the transport in the country by 2030. Once successfully implemented in the UAE, Unitsky String Technologies will be able to further the development of the string rail across the globe.

The entire project has a minimal carbon footprint and could also be a solution to the growing traffic problem in urban cities. Because it is located above the ground, the string transport system can pass through all terrains without limitations.

The SmartWorld program has created an ecological project that aims to maintain soil fertility by using microbiological fertilizers. Additionally, the program also aims to create a comprehensive clean energy infrastructure that can provide for all our energy needs.

Lastly, the SmartWorld program also supports a plethora of infrastructure and architectural projects that preserve natural habitats, flora, and fauna while utilizing as little space as possible. It also aims to develop residential areas elevated above the ground such that we can utilize the ground level for developing natural habitats.

Initiatives like these focus on the development of technologies that ensure the progress of humanity while protecting nature and not at its expense. They have the power to change the ways of our world for the better. But they lack the support and backing of the masses.

This is where blockchain technology comes into the picture.

Blockchain Backing for Green Technologies

Blockchain technology is the talk of the town right now. It has the power to garner public interest by not only creating transparency and security but also incentivizing the public for their participation. This is why it is essential that green technology initiatives like the SmartWorld program are backed by a blockchain-based security token.

The SWS (SmartWorld Security) token is an Ethereum-based token that helps make the SmartWorld program a reality. With the use of some of the most advanced protocols in blockchain technology, the token facilitates transfers, optimizes costs, and acts as a backbone for the entire project. The sophisticated KYC and AML procedures for STOs (Security Token Offerings) enhance security and reduce third-party involvement.

Anyone who holds the SWS token becomes a limited partner in SWS General LP. The token will soon be listed on the STO exchanges, and once that’s done, users will be able to freely buy, sell, and trade the token and benefit from its growth. This token could be the base around which the entire project is realized, taking humanity a step closer to a green future.

Conclusion

We’re all aware of climate change and the threats it poses to humanity. If we keep developing technology at the expense of nature, we might one day see clean air becoming a luxury. To make sure that does not happen, we do not only need the involvement and investment of corporations but also individuals. That’s what makes SmartWorld a promising initiative toward a more sustainable future – it enables corporations and individuals to collaboratively contribute toward developing technologies that can offer them a better future.

next Altcoin News, Blockchain News, Cryptocurrency news, News

Please check out latest news, expert comments and industry insights from Coinspeaker’s contributors.



Source link

Continue Reading

Cryptocurrency

How Blockchain Technology Is Changing Media Content Industry

Published

on

By


A media industry based on the blockchain industry will mean more autonomy for content creators to create content as they like without restrictions from intermediaries who control the market.

It’s no longer news that blockchain technology is disrupting the way most traditional businesses are run even as it keeps creating a massive impact on the global economy. It has given rise to new, productive, and efficient business models that are cost-efficient, more profitable, and more beneficial for consumers. 

Industries such as; financial services, healthcare, insurance, real estate, utilities, tech, and media are already taking advantage of the numerous benefits blockchain technology offers.

Talking about the media content industry; a good number of companies are currently taking advantage of this emerging technology to improve on many areas of incompetencies that plague the industry. One of such projects is the MILC platform, which was initiated by Welt der Wunder TV, a Germany-based well-known brand and media company. 

Often touted as a one-of-a-kind project, the MILC platform aims to reshape the global media industry by creating a marketplace where content creators and consumers can have unrestricted access to resources that would enable them to create, share, sell and license media content. But they are not alone. 

There is the Steemit project, a decentralized social media platform with over 1 million users. These users are rewarded for creating and sharing content, and for interacting with other users on the platform. 

Considering the many blockchain projects launched in the media industry, it’s clear that the industry is set to drift away from the status quo. One can only imagine what number of blockchain-based solutions are currently waiting to unfurl in the coming years. 

However, it appears the MILC platform is doing something significantly different from these other projects. 

What MILC Brings to the Industry

This platform bridges the gap between the audience and content creators, buyers, and distributors so that the audience can easily access quality content. The information available on the web suggests the platform also tackles the high costs of content production and licensing so that content creators can easily create content without much hassle. 

All of this is expected to reduce third-party intrusion in content production and distribution. As Hendrik Hey, MILC’s CEO likes to put it: “We like to do something good for our industry; create a bridge that connects the people and the creators and licensors. This is something that has never before been done”. Beyond these though, the MILC platform issues the Media Licensing Token (MLT); its native token that serves as a medium of payment for content, licenses, etc. 

But what many users seem to love the most is that MLT will be given to users as rewards for engagement on the platform. Now, these engagements could range from community voting to content evaluation. The company says users who hold these reward tokens can earn interest on their rewards via the upcoming staking programs on the platform. 

How MUZIKA Add to the Revolution

MUZIKA in its own way is also committed to tackling the many inefficient conventional methods in the media industry and replacing them with modernistic solutions. They are interested in digitizing the music industry with their main focus being Korean music. 

This project is spearheaded by Mapiacompany, a Seoul-based global music company known to have a strong collaboration with Binance. The goal of this project is to make music production more profitable for independent music creators. To do this, they figured out a system that allows independent artists to earn money directly from their listeners.

It is expected that this will help both veteran and indie musicians of the Korean extraction earn good money for their efforts. Perhaps, they could potentially easily connect with mentors and any brand or individual that would make for a decent collaboration.  

Final Thoughts

First of all, blockchain technology in the media industry would lead to more transparency and inclusivity in the industry. Decentralization is a major pillar of blockchain technology and with this, content creators and the audience can be active participants in creating and distributing content.

Furthermore, a media industry based on the blockchain industry will mean more autonomy for content creators to create content as they like without restrictions from intermediaries who control the market. It would also mean easy access to content licensing. 

Above all, it would also herald an end to the restrictions posed by geographical barriers as is common with conventional media content distribution. It all looks promising and the press will sure keep an eye on this silent revolution.

next Blockchain News, News

Having obtained a diploma in Intercultural Communication, Julia continued her studies taking a Master’s degree in Economics and Management. Becoming captured by innovative technologies, Julia turned passionate about exploring emerging techs believing in their ability to transform all spheres of our life.



Source link

Continue Reading

Cryptocurrency

Rarible Raises $14.2M in Series A Funding for New NFT Marketplace

Published

on

By


From a trading volume of $28K in June last year, Rarible has seen mammoth growth of over 3000 times to reach $150M total sales.

Non-fungible token (NFT) site Rarible is set to launch a marketplace on the Flow blockchain network. With a successful funding round that brought in $14 2M, “Rarible is determined to pioneer the next wave,” CEO Alexei Falin said in a statement according to CoinDesk.

The Ethereum-based site that focuses on the creation and trading of NFTs, will use this capital injection to expand its team and further develop its digital platform. It is also set to launch another marketplace. The new marketplace will run on the Flow blockchain, the network that houses Dapper Labs’ NBA Top Shot.

In a Medium post, Rarible commented on its collaboration with Flow:

“To mark this next phase, we are also proud to enter an official partnership with Flow. Dapper Labs has an impressive track record of bringing NFTs mainstream by creating native experiences for non-crypto audiences. As a blockchain, Flow enables easier access and lowers the entry barrier for traditional consumers and brands, which makes it a perfect partner on our journey to the wider adoption […] In the coming couple of months, we will be bringing Rarible on Flow as a primary and secondary marketplace, also welcoming the robust ecosystem of projects built on Flow blockchain.”

The Series A funding round was led by New York-based blockchain venture firm CoinFund and the Rockefeller family’s venture capital firm Venrock with support from venture firm 01 Advisors.

From a trading volume of $28K in June last year, Rarible has seen mammoth growth of over 3000 times to reach $150M total sales. This has largely been due to the NFT craze that begun to gain momentum at the start of this year. In February, the firm raised $1.75M in a seed round that was led by crypto fund 1kx with support from ParaFi Capital, Coinbase Ventures, Bollinger Investment Group, MetaCartel Ventures and early investor CoinFund. Funds from this round went towards expanding Rarible’s marketplace to incorporate a new governance structure.

The Medium post also went on to reveal that Rarible has “a lot” coming in future months, including the launch of its NFT protocol, an L2 solution, credit card payments and drops. One such project, already underway, is its very first partnership with NFT creator S!NG and will enable users to mint and sell their NFTs at no cost.

next Altcoin News, Blockchain News, Business News, Cryptocurrency news, Investors News

Mercy Mutanya is a Tech enthusiast, Digital Marketer, Writer and IT Business Management Student.
She enjoys reading, writing, doing crosswords and binge-watching her favourite TV series.





Source link

Continue Reading
Advertisement

Trending