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5 Things Blockchain You Need to Know
Stocks and Property Will be Turned into NFTs
CNBC
Earlier this month we published our 2022 predictions of Technology trends that included NFT-fication of everything. CNBC appears to agree. Future Non-Fungible Tokens will be made out of stocks and real estate. NFTs are "one-of-a-kind" digital assets that may be bought and sold over the internet. They're intended to demonstrate that a person owns a one-of-a-kind virtual item, such as photographs or videos, or sports trading cards, for example. It's uncertain why anyone would want to own an NFT of a stock. Over the last year, the number of things being converted into NFTs has exploded. Everything from the worldwide web's source code to tweets has been sold as an NFT. Some people are perplexed as to why these non-material assets are being sold for such a high price.
continue reading!
Ethereum’s Centralization Endgame Makes The Case for Building on Bitcoin
BITCOIN MAGAZINE
Ethereum creator Vitalik Buterin is one of the top blockchain thought leaders that I follow to stay up-to-date on the evolution of this emerging technology. This week I came across his opinion pieces, named ENDGAME, in which he addressed worries about the undue centralization of Ethereum. He didn't do it to dismiss those allegations; instead, he wanted to confirm them. Clearly, even by Buterin, Bitcoin isn't considered the norm for blockchain. We recall the Block Size Wars when a contentious fork known as Bitcoin Cash emerged from a fundamental dispute over acceptable block sizes for Bitcoin. As we know it today, it fought on the side of the average person, allowing tiny block sizes so that anybody with a computer and an internet connection can contribute as a node. In order to meet their sense of transactional demand, Bitcoin Cash supporters demanded larger blocks to compete with Visa in terms of transaction processing speed.
continue reading!
Washington State Bills Push for Blockchain Group, Digital Credentials
STATESCOOP
Contrary to a more popular belief I have been a proponent of regulations for the blockchain industry. I believe regulations is one of the missing links for this emerging technology to become mainstream. With the focus on cryptocurrencies like bitcoin, blockchain has received a lot of attention lately. But could this technology be used for more than just finance? Two bills introduced in the Washington State Senate would require state officials and lawmakers across several committees -- including those who work with information security or labor policies -to create proposals that explore how the blockchain can be used in state government's operations and digital services. Distributed digital ledger technology has gotten a lot of attention in recent years, particularly when it comes to cryptocurrency.
continue reading!
OpenSea on Track for Record Month as NFT Sales Boom
COINDESK
The cryptocurrency market was on a rollercoaster this January, with one of the biggest stories being how non-fungible tokens (NFTs) have been booming. OpenSea reported their largest volume month yet and Dune Analytics data suggests that these new investment options may be keeping up from bitcoin's price slip down! On 9th alone there were record-breaking $261 million traded over at their platform, with the price of individual collections accounting for over 10% of all transactions on OpenSea - proving just what lucrative opportunities they can truly get you involved in.
continue reading!
Why Ethereum is Losing Market Share
THE ECONOMIST
Public blockchains are seen as a second chance for believers to build a digital economy. Blockchains like these are considered more in line with the internet's early architects' intentions. The most significant aspect of that economy has been decentralized-finance (DeFi) apps, which allow users to exchange assets, borrow money, and save deposits. In recent years, this sector has exploded with new products and business models. Now a fierce competition for market share is emerging. AND Ethereum, the most popular DeFi platform, is gradually relinquishing its near-monopoly. The battle demonstrates that DeFi is subject to the standards wars that have erupted in other emerging technologies in the past, and it also illustrates how swiftly DeFi technology is evolving.
continue reading!
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit veztek.substack.com
View all episodes
By Sani Abdul-JabbarStocks and Property Will be Turned into NFTs
CNBC
Earlier this month we published our 2022 predictions of Technology trends that included NFT-fication of everything. CNBC appears to agree. Future Non-Fungible Tokens will be made out of stocks and real estate. NFTs are "one-of-a-kind" digital assets that may be bought and sold over the internet. They're intended to demonstrate that a person owns a one-of-a-kind virtual item, such as photographs or videos, or sports trading cards, for example. It's uncertain why anyone would want to own an NFT of a stock. Over the last year, the number of things being converted into NFTs has exploded. Everything from the worldwide web's source code to tweets has been sold as an NFT. Some people are perplexed as to why these non-material assets are being sold for such a high price.
continue reading!
Ethereum’s Centralization Endgame Makes The Case for Building on Bitcoin
BITCOIN MAGAZINE
Ethereum creator Vitalik Buterin is one of the top blockchain thought leaders that I follow to stay up-to-date on the evolution of this emerging technology. This week I came across his opinion pieces, named ENDGAME, in which he addressed worries about the undue centralization of Ethereum. He didn't do it to dismiss those allegations; instead, he wanted to confirm them. Clearly, even by Buterin, Bitcoin isn't considered the norm for blockchain. We recall the Block Size Wars when a contentious fork known as Bitcoin Cash emerged from a fundamental dispute over acceptable block sizes for Bitcoin. As we know it today, it fought on the side of the average person, allowing tiny block sizes so that anybody with a computer and an internet connection can contribute as a node. In order to meet their sense of transactional demand, Bitcoin Cash supporters demanded larger blocks to compete with Visa in terms of transaction processing speed.
continue reading!
Washington State Bills Push for Blockchain Group, Digital Credentials
STATESCOOP
Contrary to a more popular belief I have been a proponent of regulations for the blockchain industry. I believe regulations is one of the missing links for this emerging technology to become mainstream. With the focus on cryptocurrencies like bitcoin, blockchain has received a lot of attention lately. But could this technology be used for more than just finance? Two bills introduced in the Washington State Senate would require state officials and lawmakers across several committees -- including those who work with information security or labor policies -to create proposals that explore how the blockchain can be used in state government's operations and digital services. Distributed digital ledger technology has gotten a lot of attention in recent years, particularly when it comes to cryptocurrency.
continue reading!
OpenSea on Track for Record Month as NFT Sales Boom
COINDESK
The cryptocurrency market was on a rollercoaster this January, with one of the biggest stories being how non-fungible tokens (NFTs) have been booming. OpenSea reported their largest volume month yet and Dune Analytics data suggests that these new investment options may be keeping up from bitcoin's price slip down! On 9th alone there were record-breaking $261 million traded over at their platform, with the price of individual collections accounting for over 10% of all transactions on OpenSea - proving just what lucrative opportunities they can truly get you involved in.
continue reading!
Why Ethereum is Losing Market Share
THE ECONOMIST
Public blockchains are seen as a second chance for believers to build a digital economy. Blockchains like these are considered more in line with the internet's early architects' intentions. The most significant aspect of that economy has been decentralized-finance (DeFi) apps, which allow users to exchange assets, borrow money, and save deposits. In recent years, this sector has exploded with new products and business models. Now a fierce competition for market share is emerging. AND Ethereum, the most popular DeFi platform, is gradually relinquishing its near-monopoly. The battle demonstrates that DeFi is subject to the standards wars that have erupted in other emerging technologies in the past, and it also illustrates how swiftly DeFi technology is evolving.
continue reading!
This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit veztek.substack.com