#defi apps on solana

[heinbuhl]

There are many career advancement opportunities at Solana Projects!

Solana has actually been getting more attention in the market over the last few years while showing enormous growth in advancement and price. The community that provides numerous advantages for developers has attracted lots of new projects with fantastic possible. Here are 9 of them you don't want to miss out. What is Solana? Solana is an open-source, decentralized blockchain that makes it possible for users to build user-friendly DApps. The project was started in 2017 by Anatoly Yakovenko and aimed to fix the blockchain trilemma of decentralization, scalability, and security. The task hosts a third-generation architecture that supports a variety of DeFi platforms and NFT marketplaces. The hybrid agreement model of Solana enables it to process over 700k transactions per second, which combines a distinct evidence of history algorithm with a quick synchronization engine. In current times, Solana has seen a substantial rise in efficiency along with its rate. The low costs and greater speeds offered in the platform makes it an ideal platform for constructing brand-new tasks. Let's have a look at some of the very best Solana tasks that are readily available now. Audius Audius is a music streaming and sharing platform that is completely decentralized. This platform has a native token as AUDIO, and with that, users can listen to and support the artists they like. The project has 3 layers, which are the app layer, node layer, and blockchain layer. The AUDIO token has an initial supply of 1 billion. The way the distribution took place is, - 5% to most active users - 18% to the neighborhood treasury - 40% to Audius team and advisors - 36% to Audius investors The Audius project initially began on Ethereum. As the task expanded, they needed a better choice as Ethereum did not have scalability. This is where Solana comes in. This platform is a lot more creator-friendly than its rivals, like Spotify. Raydium This is an automatic market maker that operates on Solana. Raydium is also the DeFi job with the greatest overall value locked at $1.65 billion. Users can access services like trade, yield, swimming pool, and AcceleRaytor while utilizing Raydium. defi apps on solana Although the exchange is a decentralized one, it has all the facilities of a centralized exchange. When you are doing trades or swaps with Raydium, they take place on Serum The charged charges likewise depend upon whether you are trading in Serum order books or Raydium's liquidity swimming pools. Serum. As a decentralized exchange (DEX), Serum is the supplier of the back end for many Solana products. This DEX enables users to build and establish applications with on-chain central liquidity pools. If you are someone searching for liquidity, try the order book of Serum. They offer better liquidity at higher speeds and lower costs. The main use of Serum is to function as the community that empowers a number of the Solana tasks. The founder of FTX exchange Sam Bankman-fried is the person behind Serum. The native tokens of this decentralized exchange are SRM and DAO. solana projects Star Atlas Star Atlas is a massively multiplayer online role-playing game that is still under development. The designers are using Unreal Engine 5, which is one of the very best video game production platforms, to make Star Aylas as practical and satisfying as possible. The plot, as they mentioned, is to conserve the future of mankind by controlling the Star Atlas members in the year 2620. Gamers will have to handle the socio-economic, monetary, and political systems of the world to preserve its sustainability. The video game integrates crypto and NTFS into its marketplace to enable players to select their path. Star Atlas is still under advancement, and investing your cash in it may appear dangerous. So, make sure to do the necessary research prior to taking this leap of faith. Tulip Protocol Tulip Protocol is one of the best around when it comes to yield aggregators. With a total value locked of over $800 million, Tulip Protocol reigns supreme in the Solana environment. Tasks such as Raydium and Serum are partners of this yield aggregator along with the Solana structure. Leveraged yield farming is what is best for Tulip, as the yields here are excellent. This app benefits from Solana's high performance and low-cost blockchain to offer vault techniques. It likewise provides swimming pools in addition to vaults with procedures like Orcs, Saber, and Raydium. solana dex list Maps.me This is a mobile application that supplies both offline and online maps to the users. Maps.me utilizes information collected by OpenStreetMap to provide instructions and is readily available for download totally free. Originally, the task came out as MapsWithMe back in 2011. Then after funding of $50 million and a huge upgrade, it got transformed as Maps.me and had support for DeFi. solana metaverse projects The application has its wallet that aims to develop a much better travel experience for its users by giving them flexibility in travel finances. Maps.me has more than 100 million users in over 70 nations. The wallet uses assistance for over 35 cryptocurrencies and has its native token called MAPS. Bonfida Bonfida is a graphical user interface of Serum that allows users to trade utilizing the platform. All functions of Serum like trading bots, perpetual swaps, and name service are here with an API to get access to data from Serum. This is a product suite that supports TradingView that allows users to develop their own bots. The native token of Bonfida is Fida, and it is utilized for governance and staking. What's unique about this is that all fees are collected to enter into a pool that enables users to either buy Fida or Burn Fida. Solanium A decentralized platform on the Solana blockchain that presents decentralized fundraising, time-weighted staking, and governance ballot to the Solana platform. This serves as a launchpad that allows users to get involved in the upcoming Solana jobs and IDOs early.

The native token on Solanium is SLIM, and you need to stake them to participate in IDOs. When you stake SLIM tokens, you will get xSlim tokens back. - Tier 1-- 100 xSlim-- 1 ticket - Tier 2-- 1000 xSlim-- 12 tickets - Tier 3-- 5000 xSlim-- 100 tickets - Tier 4-- 10000 xSlim-- Guaranteed allowance - Tier 5-- 50000 xSlim-- Guaranteed allowance Media Network This is a decentralized content shipment network that provides content from databases to the users. Media Network serves as both a consumer platform and a protocol that users can integrate into existing tasks. Currently, tasks like Livepeer, Solanart, and Handshake. Native token here is MEDIA, and the platform is governed by the MEDIA token holders. Any task that intends to use the Media Network will need to purchase MEDIA tokens as all deals use it. The task is primarily supported by Alameda Research. Conclusion As one of the direct competitors to Ethereum, Solana offers quicker transaction times and lower expenses. This makes the task develop around this blockchain perform much better than their counterparts. solana projects While the Solanium-based jobs may perform much better, remember that they are still crypto investments. Make sure to do your research study prior to investing, no matter how excellent they look. Be aware of the market circumstance and make excellent monetary choices.

[costellooffersen]

Best Solana Projects: Don't Leave out the BEST Growth Opportunities!

Solana has received more attention from the industry over the last few years, while also showing significant growth in the development process and price. The ecosystem that delivers many benefits for developers has attracted numerous projects with great potential. Here are nine you shouldn't leave out. What exactly is Solana? Solana is an open-source decentralized, blockchain that allows users to develop DApps that are user-friendly. The project was initiated during 2017 with Anatoly Yakovenko, and was designed to overcome the blockchain dilemma of decentralization, security and scaling. solana projects The project houses a 3rd-generation architecture that can be used to support a range of DeFi platforms as well as NFT marketplaces. The hybrid consensus model used by Solana permits it to process hundreds of transactions per second, which combines an innovative proof of history algorithm with a swift synchronization engine. In recent years, Solana has seen a substantial increase in performance as well as its price. The low cost and high speeds provided by Solana make it an ideal platform to develop new projects. new blockchain projects Let's have a look at some of the most impressive Solana projects currently available. Audius Audius is a Music streaming, sharing and music-sharing platform that is completely decentralized. This platform comes with an native token called AUDIO and through it users are able to listen to and even support the artists they like. The project is comprised of three layers. They are layers for the application layer the node layer and the blockchain layer. top solana projects The AUDIO token was initially issued with a total of 1 billion. The method of distribution is as follows: From 5% to the most active users 18% to the community Treasury 40% from Audius team and their advisors 36 percent to Audius investors The Audius project was originally launched on Ethereum. As the project developed and grew, they required a better option since Ethereum didn't have the ability to scale. This is the reason Solana comes in. It is more akin to its creators than its competitors, such as Spotify.

Raydium It is an automated market maker that runs on Solana. Raydium will also become an DeFi Project with the highest total value locked at $1.65 billion. solana projects list Users can access services like trade, yield the pool, trade and AcceleRaytor while using Raydium. Even though the exchange happens to be an uncentralized exchange It has all of the facilities of a centralized exchange. When you're conducting swaps or trades on Raydium they are executed on Serum. The fees charged are also contingent on whether you are trading in Serum book of orders or Raydium's pool of liquidity.

Serum As an exchange that is decentralized (DEX), Serum is the supplier of the backend of several Solana products. This DEX allows users to build and create applications that use on-chain central liquidity pool. If you're who is looking to get liquidity, check out the order book from Serum. They provide better liquidity with higher speeds , and cost-effective prices. Serum's primary purpose Serum is to function as the ecosystem that empowers many aspects of Solana projects. The founder of FTX exchange Sam Bankman-fried is the one who is behind Serum and Serum. The tokens that make up the decentralized exchange are SRM in addition to DAO. Star Atlas Star Atlas is a massively multiplayer online role-playing games that is still in development. The developers use Unreal Engine 5, which is one of the top games creation platforms, to make Star Aylas as real-life and enjoyable as they can. The plot, as they mention, is to protect the future of humankind through the control of Star Atlas members in the year 2620. The players must control the financial, socioeconomic, and social systems of the world to maintain its sustainability. The game incorporates crypto and NTFS into the marketplace, which allows players to decide on their route. Star Atlas is still under development and investing money into it could be uncertain. Therefore, ensure that you undertake the necessary research before making this decision. Tulip Protocol In terms of yield aggregators, Tulip Protocol is one of the most popular. With a total value locked of over $800 million, Tulip Protocol reigns supreme in the Solana ecosystem. Projects such as Raydium and Serum are also a part of this yield aggregator in conjunction with it's Solana foundation. Leveraged yield farming is what is ideal for Tulip, as these yields are exceptional. This app utilizes Solana's low-cost and high efficiency blockchain technology to create vault strategies. It also has pools as well as vaults that use protocols such as Orcs, Saber, and Raydium. Maps.me This is a mobile application that offers both online and offline maps for users. Maps.me makes use of data from OpenStreetMap to provide directions. It is available for download at no cost. Solana In the beginning, the project was rolled out under the name MapsWithMe back in 2011. Then after funding of $50 million as well as a huge update, it was reinvented as Maps.me and was able to support DeFi. The application has its wallet which is designed to offer more enjoyable travel experiences for its users by offering the freedom to travel with their money. Maps.me is home to more than 100 million active users across 70 countries. The wallet is compatible with more than 35 different cryptocurrencies. It also has its own native token, MAPS. Bonfida Bonfida is a graphical interface of Serum that allows users to trade through Serum's platform. All features of Serum like traders' bots for trading, perpetual swaps, and name service are here and an API is available to gain access to the data of Serum. Serum is a suite of products that includes TradingView which allows users to build customized bots. The most common token in Bonfida is Fida It can be used for governance and the staking. What's unique about this is that all fees are collected for a pool which allows users to buy Fida and Burn Fida. Solanium A decentralized platform based on the Solana blockchain, which introduces an uncentralized method of fundraising, staking with a weighted time and governance-based voting to this Solana platform. This serves as a launchpad that allows users to become involved with the upcoming Solana projects as well as IDOs as early as possible. The primary token used on Solanium is SLIM and you have to stake them in IDOs. If you stake SLIM tokens, you'll receive xSlim tokens. Solana The amount that you get depends on how long you kept your tokens locked up. Solanium offers a tier system which gives you the chance to participate in IDOs according to the Xslim you have. These are Tier 1 - 100 xSlim 1 ticket Tier 2 - 1000 xSlim - 12 tickets Tier 3 - 5000 xSlim - 100 tickets 5th - - 10000 xSlim Affirmed allocation The 5th Tier consists of 50000 slim - Guaranteed allocation Media Network It is a decentralized delivery network which delivers content from databases to users. Media Network acts as both an application for the consumer and an open protocol that users can integrate into existing projects. There are currently projects such as Livepeer, Solanart, and Handshake. The native token is MEDIA which is the platform that is managed by MEDIA token owners. Projects that want to utilize Media Network Media Network will have to purchase MEDIA tokens in order to utilize it. The project is mainly backed up with Alameda Research. Conclusion In direct competitors that is directly competing with Ethereum, Solana offers faster transactions and lower prices. This makes the blockchain project developed around this blockchain more efficient than other alternatives. While Solanium-based projects could have better results, bear in mind that they're still crypto investments. Therefore, make sure you do the necessary research prior to investing regardless of how impressive they appear. Also, be conscious of the market's situation and make wise financial choices.

[edvardsenreese]

Best Solana Projects: Don't Dismiss the BEST Growth Potential!

Solana has been receiving more attention in the market in recent times, and is showing enormous growth in its development and price. This ecosystem which offers a variety of benefits for developers has attracted numerous new projects that have great potential. Here are 9 of them you shouldn't leave out. solana projects What is Solana? Solana is an open-source decentralized blockchain which allows users to develop DApps that are user-friendly. The project was started at the end of 2017 by Anatoly Yakovenko. The aim was at resolving the blockchain trilemma of security, decentralization and scaling. The project houses a 3rd-generation architecture that supports an array of DeFi platforms as well as NFT marketplaces. A hybrid consensus approach used by Solana lets it process 700k transactions in a second. This is achieved by combining an innovative proof of history algorithm with a fast synchronization engine. Recently, Solana has seen a dramatic increase in performance as well as its cost. Low costs and greater speeds available on the platform makes it a great system for developing new projects. Let's take a look at some of the best Solana projects being offered right now. Audius Audius is a shared music platform that is completely decentralized. This platform comes with an native token called AUDIO which, in turn, users can listen to and even support the artists they enjoy. The project is comprised of three layers. These include that of the app layer node layer and the blockchain layer. The AUDIO token has an initial capacity of 1 Billion. How the distribution happened is that it was, 5% to most active users 18% of the money goes to the community Treasury 40 percent up to Audius team and advisors 36% to Audius investors The Audius project was initially based with Ethereum. However, as the project progressed it needed a more suitable alternative, as Ethereum did not offer scalability. This is the reason Solana is able to help. This platform is much more creative than its competitors, such as Spotify. Raydium It will be an electronic market maker which is based on Solana. Raydium has also been named the DeFi projects with most amount of value locked at $1.65 billion. The users can access services such as yield, trade pool, trade, and AcceleRaytor with Raydium. Although the exchange may be an uncentralized exchange, it has all the advantages of a central exchange. However, when conducting swaps or trades on Raydium these transactions take place on Serum. The fees that are charged will depend on whether you are trading in Serum order books or Raydium's pool of liquidity. Solana Serum As a decentralized exchange (DEX), Serum is the main provider of the backend of several Solana products. This DEX lets users build and develop applications with on-chain central liquidity pools. If you are someone in search of liquidity, look at the order book offered by Serum. They provide better liquidity with greater speeds and with lower costs. The main use of Serum is to act as the ecosystem that empowers many in the Solana projects. The person who started FTX exchange Sam Bankman-fried is also the man responsible for Serum as well. Serum's native tokens for the decentralized exchange are SRM along with DAO.

Star Atlas Star Atlas is a massively multiplayer online game of role-playing that is still in development. The game's creators are using Unreal Engine 5, which is one of the most effective games creation platforms, to make Star Aylas as real-life and as enjoyable as it can be. The story, as mention, is to protect humanity's future through the control of Star Atlas members in the year 2620. The players will be required to control the financial, socioeconomic, and social systems of the world to maintain its sustainability. The game incorporates crypto and NTFS into its marketplace that allows players to make their choice. top solana projects solana projects Star Atlas is in the process of development, so investing your money into it could be dangerous. Therefore, be sure to investigate the subject thoroughly before taking this leap of faith. Tulip Protocol When it comes to yield aggregators, Tulip Protocol is one of the most reliable. Its total value of nearly $800 million Tulip Protocol reigns supreme in the Solana ecosystem. Projects like Raydium and Serum are partners in this yield aggregator with that of the Solana foundation. Leveraged yield farming is what is the best choice for Tulip, as these yields are exceptional. This app makes use of Solana's high efficiency and low-cost blockchain to give vault strategies. It also provides vaults and pools with protocols like Orcs, Saber, and Raydium. Maps.me It's a mobile application that offers both online and offline maps to its users. biggest solana projects Maps.me utilizes the data provided by OpenStreetMap to give directions and is available for download for free. The project started out as MapsWithMe in the year 2011. After receiving a grant of $50 million and a big improvement, it was revamped as Maps.me and was able to support DeFi. The app comes with a wallet that aims to create an improved travel experience for its users by offering them freedom in travel finances. Maps.me is home to more than 100 million active users across 70 countries. It supports over 35 currencies and its own token that is called MAPS. Bonfida Bonfida is a graphical interface of Serum which allows users to trade with the platform. The entire features of Serum like the trading robots, permanent swaps and name service can be found here with an API that allows access to data from Serum. It is a suite of products that works with TradingView that allows users to create the bots of their choice. The currency of Bonfida is Fida, and it is used for governance as well as the staking. What's special about this is the fact that all fees are collected in the pool, which allows users to either purchase Fida and Burn Fida. Solanium Decentralized platform built on the Solana blockchain, that provides uncentralized fundraising, time-weighted, staking and governance vote to this Solana platform. It serves as a launchpad that lets users get involved in upcoming Solana projects as well as IDOs before they are even announced. The primary token used on Solanium is SLIM and you have to stake them in IDOs. If your stake SLIM tokens, you'll receive xSlim tokens back. The amount of tokens you receive will depend on the period you held your tokens secured. Solanium has a tiering system that lets you take part in IDOs in accordance with the Xslim you have. They are, Tier 1 – 100 xSlim 1 ticket Tier 2 - 1000 xSlim - 12 tickets Tier 3 - 5000 xSlim - 100 tickets Stage 4 – 10000 xSlim Guaranteed allocation Fiveth Level - 50000 xSlim - Guaranteed allocation Media Network This is a distributed content delivery network that delivers content from databases to the users. Media Network acts as both an entertainment platform as well as an open protocol that users can incorporate onto existing platforms. In the present, it is a platform for projects like Livepeer, Solanart, and Handshake. Native token here is MEDIA The platform is run by MEDIA token owners. Projects that want to access media network Media Network will have to buy MEDIA tokens because all transactions take place using them. The project is mostly supported through Alameda Research. Conclusion As one of the direct competitors that is directly competing with Ethereum, Solana offers faster processing times and lower cost. This makes the blockchain project developed around this blockchain perform better than other alternatives. While projects that are based on Solanium might be more successful, bear in mind that they are still crypto investments. Also, ensure that you conduct thorough research prior investing regardless of how nice they look. Be informed of the current market condition and make smart financial choices.

[aidevelopmenttips]

Solana as the Principal Base of DeFi

2024 will see Solana, widely regarded as the best DeFi chain, at the forefront of blockchain innovation. Numerous well-known projects, including Raydium, Marinade Finance, Saber, and others, are housed within its ecosystem

[rebeccawilson1010]

Numerous well-known projects, including Raydium, Marinade Finance, Saber, and others, are housed within its ecosystem. These projects are being widely adopted by the community because they provide distinct benefits that Solana developers, traders, and investors find appealing.

[fblauer01]

How NFT’s and AI tools complement Web3 Social Media

Introduction

NFT’s and AI complement web3 social media. For example NFT’s can be used for access to exclusive content, voting rights, raising money to fund projects, the ability to create and own digital art, and trade with other users for collectibles, ticketing etc. When you combine this with social media and AI, it is even more powerful. With AI tools for creating images and blogging for example, almost anyone can be more productive and creative. So far the AI is mostly being used for text content and images, but will soon we will be able to use it for videos, sound and music as well. People are experimenting with new types of creative expression, and value based social interactions which were not possible before. I will give you some examples of “nextgen” social platforms that I have been using and evaluating.

Platforms

Deso/Diamond app, NFTz etc.

Here is a high level summary of the Deso platform. Onboarding is pretty easy, and you don’t require a special invitation. You will need a tiny bit of Deso for gas, but it will go a long way. You can buy a few dollars worth with fiat currency, and that will be more than enough to get going. You can always earn more. Deso is the least expensive platform that I have seen. Compute and storage is very cheap (see summary above). There are lots of different dapps and new ones appearing all the time. They all integrate and share the same social feeds, identity and social graph (followers etc). So for example you can have a discussion about a particular NFT on NFTz, where you can mint, display and sell NFT’s. The NFT can also have a social feed with likes, microtips and comments. The social feed will show up in other Deso dapps. You don’t have to login again to other Deso dapps since they share the identity.

There are also ways of monetizing popularity or influence with creator coins. So, you can invest in creators who you think have a lot of potential, or buy your own coins to push up the price. This social platform is more mature than most of the other ones, and most of the important elements are in place like NFTz market that also does streaming music NFT’s, streaming music and video apps, online video (like a decentralized zoom), blogging platforms, group conversations etc.

The deso blockchain has a lot of features planned, and is moving to “proof of stake” consensus in the new year. According to the stats, Deso has the most adoption for Web3 social media which makes sense since they are the oldest and they don’t limit users with required invitations.

Polygon/Lens, Opensea etc.

Most people are familiar with the polygon sidechain, if you have used Defi for example. It uses the Ethereum EVM, and Matic tokens for gas. This is the platform on which Aave has chosen to build Lens. You will need an invitation, and the Metamask wallet to onboard. Your identity will be minted as an NFT. The UI is pretty nice and reminds me of tumblr. The various dapps are compose-able with one another and share social feeds, identity and social graph. There is a rudimentary NFT platform called Lensport, but you will have to use Opensea to mint your NFT’s. You can also monetize posts by selling the content as NFT’s. There is an interesting dapp on the Gallerydao which makes it easy to create NFT’s with some Dall-E AI themes and then allows you to mint them directly. There is a good aggregator of music NFT’s called Ooh La La, which will also work with many other EVM platforms. There is also a youtube like video platform, and various other dapps for mobile and desktop. They all share common feeds. Lens has some good integration partners on polygon, and I have heard some talk of them moving to the new polygon ZKEVM platform for further scalability.

Solana/Solcial, Magic Eden etc

Solcial came out recently, and is already gaining a good following. The UI is very nice, and it is pretty easy to use, especially if you are familiar with Solana. The chain is fast, inexpensive and there is a lot of development going on. The social feeds are pretty straight forward. You can chose who to follow, you can vote posts up and down, it shows you popular posts etc. You also get to monetize contributions with a creator coin, and tier 2 access level . Each user can create and sell premium content, which can be blog posts or free NFT’s for example. The profile section will allow you to mint NFT’s directly to the blockchain, and they will show up on Magic Eden NFT market. But you have to get permission from Magic Eden to list them for sale. There are many improvements planned for the new year. There aren’t many integrated dapps yet, but I expect them to partner up with other solana dapps and developers, like NFT markets, gaming etc.

Near/Near.social, Paras etc.

The Near chain is pretty fast and inexpensive. It also has a sister EVM chain called Aurora. There are 2 social dapps on native Near. One is called Myriad and the other is near.social. Near users will find them both pretty easy to use. The second one is newer, and I have been spending more time with that one. You can mint NFT’s on Paras, and they will show up on the Near blockchain and near.social. The social feed is similar to the one on solcial, but not as extensive yet. There isn’t a lot of content yet, but I expect it come as more people find out about it.

Web2/Twitter/Mask

Twitter has been losing a lot of users since Musk took over, but I won’t get into the politics of censorship and the like. Suffice it to say that they still have a lot of users, and its a pretty good platform despite all the complaints. They may be able to resolve the current problems and turn it around. In the mean time Mask.io has various “nextgen” features like Web3 wallet support, NFT support, encrypted direct messages, Mask profile/ID, fundraising, token swapping, decentralized file storage, fiat on-ramp, decentralized governance etc.

Web2/Post.news

A very easy to use and well designed twitter replacement, but it does have a waitlist and requires an invitation. It does have tipping for content. But it is centralized, and there doesn’t seem to be a lot of info available about how it works on the back-end, governance, and plans for the future, like web3 support etc. So, it works well for people fleeing twitter, but I don’t know enough about the long term.

Web2/Meta/Instagram

Facebook (Meta) and Instagram have the same owners. They have started introducing NFT’s on Instagram in some regions and are slowly rolling it out. Facebook has been working on its metaverse platform, and I assume that it will incorporate blockchain and NFT’s in some way. In the mean time, they still have a lot of users, but many of them are looking at moving away from centralized control, lack of privacy etc. I won’t get into the controversial topics here.

Tools

app.yup.io - combines feeds form various sources (Farcaster, Lens, Mirror blogs)

Conclusion

NFT’s are a new way of monetizing culture. Here is an example of my Rockstarz collection on Opensea. Here is a similar collection of mine on NFTz. It contains a series of images of famous musicians which I created with an AI tool called Stable Diffusion: https://opensea.io/account?tab=created My intention was not to make money per se, but to see what could be done with some of the new AI tools, NFT markets and social media. The various new technologies are converging and will be more powerful than the sum of the parts when they seamlessly work together. We are already starting to see 3D virtual art galleries which add another new dimension.

But for now, the various platforms are only compo-sable within the same blockchain, so those barriers need to be broken down. We are going to have to see co-operation between the different Web3 platforms for truly mainstream adoption. It will also have to get less complicated to use. For example you shouldn’t have to know or worry about what an EVM (Ethereum Virtual machine) compatible chain is. This should be abstracted for the user and be simple and straight forward to onboard and use. As an analogy, when you switch from one automobile brand to another, you don’t have to know what kind of engine it is. Most people just to get into the car and drive. When it breaks down, they take it to a mechanic (technical support). Most of the tech support for now is done by the community discord forums, which is still web2 based.

There are probably too many social media alternatives right now. Between Web2 and Web3, they can’t all survive. They will be too fragmented unless they can all connect to each other. That won’t happen in the web2 world since there are proprietary interests involved. Web3 has a different business model which is community based. For now, each platform offers its own set of features, strengths, and weaknesses. Users will have to evaluate their needs and preferences and decide which platform is best for them in the short to medium term. Its hard to know now how things will play out in the long run.

In the mean time, the space is evolving very fast, and I am already getting some good value from using the dapps. I am gaining experience with AI tools and applying them to practical social situations like creating images and blogging. The content will only improve as more users join in, and the features will also improve as we attract more quality developers, and when we see more dapps that can span multiple chains, and work together.

Personally I prefer organic growth rather than hype and promotion but that is what attracts the users and the funding. From my testing and kicking the tires, I have no doubt that Web3 will be a quantum leap forward from what we have now in Web2. Its already happening. Start off with post.news , and then get your feet wet with Deso. Go down the rabbit hole. You won’t look back.

"The illiterate of the 21st century will not be those who cannot read and write, but those who cannot learn, unlearn, and relearn." ~ Alvin Toffler

Short Summary

NFT's are a new way to monetize culture. Platforms like Twitter and Facebook have slowly been introducing NFT's, but many users are searching for alternatives in decentralized and censorship-resistant networks. Web3 alternatives like Deso and Post.news offer NFT's and other features, but the space is fragmented and still in development. To truly maximize the potential of NFT's and Web3, platforms will have to cooperate, and work together. and support information flow.

[mariacallous]

FTX might be doomed, but a small group of volunteers believes that Serum, Sam Bankman-Fried’s other crypto exchange, is worth saving. There’s just one problem: Serum faces an existential crisis of its own. Brian Long, one of the volunteers working on the project to save the exchange, says its pivotal role in Solana, a major blockchain network, means it is too important to leave for dead. But until recently it was under the thumb of FTX.

While Serum is technically governed by a decentralized autonomous organization (DAO), FTX holds the secret keys required to make changes to the code. But after around $400 million in cryptocurrency was lifted from FTX coffers on November 13, confidence in the security of both exchanges was lost. If FTX had been compromised, might the Serum keys have been compromised too?

Serum’s collapse could have caused chaos for users of Solana applications, putting cryptocurrency holdings at risk in the process. It may also have aggravated the crisis of confidence that cut more than 50 percent from the value of SOL, the cryptocurrency of the Solana network, in the days following the FTX crisis. So the “obvious decision,” says Long, was to clone the exchange and begin anew—a process known in crypto circles as “forking.”

That’s no easy feat. Forking requires everyone to migrate in concert from the old version to the new clone, not only the customers but also developers whose apps depend on Serum and market makers that supply the funds to make trading possible. However, if they wanted to pull Serum out from underneath the FTX wreckage, the volunteers were left with no choice but to make it work.  

The new version of Serum is identical to the original from a technical perspective, but it operates under the name Open Book—a nod to the transparency that was lacking at FTX. The main difference is that a small group of community members will have the final say on changes to the codebase, not FTX.

The volunteers were able to duplicate Serum because, as a decentralized exchange, or DEX, its codebase is public. The goal was not to enhance the original, but to create a trusted copy that anyone could plug back into with ease.

The effort was orchestrated via GitHub and Telegram, where prominent members of the Solana community gathered. Some, like Max Schneider of trading platform Mango Markets, took the lead on the coding while others, like Long, were in charge of making sure everyone was pulling in the same direction.

By November 16, Open Book had surpassed Serum in daily transaction volume (at roughly $3 million), signaling that traders had accepted the clone as the official successor. On Twitter, project contributor Ansel described this moment as “the point of no return.” Many of the applications that interfaced with the original exchange—like DEX aggregator Jupiter, data provider OpenSerum, and trading interface Solape—have migrated over to the new version.

One community member, Dante Briger, who helps keep Open Book running smoothly by buying and selling regular quantities of cryptocurrency, described the speed with which the volunteers were able to stand up the new DEX as “in-fucking-credible.”

Decentralized exchanges differ from their centralized counterparts (like FTX, Binance, Coinbase, and others) in a few important ways. Most notably, instead of relying on an intermediary to match buyers with sellers, DEXs let users transact on a peer-to-peer basis—and keep custody of their own funds.

This arrangement is one example of what’s known as decentralized finance, or DeFi, an initiative to develop a suite of financial services atop blockchain technology. In a Twitter thread published in July 2020 that now reads like a grim prophecy, Bankman-Fried described DeFi as “filled with potential” because it doesn’t involve “relying on trust.”

Members of the community see FTX’s collapse as a key moment for DeFi, which, they argue, is a remedy to the problems that have haunted the crypto sector over the past year, following the collapse of large centralized organizations like crypto lender Celsius and hedge fund Three Arrows Capital.

According to Hayden Adams, founder of UniSwap, the world’s largest DEX, this is “a good learning moment for the industry.” Although the DEX model suffers from a steeper learning curve for new users, he says, it eliminates the need to store coins with an exchange, which is what gave FTX the opportunity to divert customer funds to its sister company, Alameda Research, in the first place.

Andrew Trudel, a contributor to Kwenta, another DEX, says customers can never be completely sure what’s happening to their assets inside a centralized exchange. But with a DEX, “how funds are being used is fully transparent” because everything is hosted on a public blockchain, he argues. Both Trudel and Adams predict the traffic to decentralized exchanges will eventually exceed traditional exchanges for these reasons.

With FTX in ruins and the integrity of powerful, centralized crypto companies being called into question, DeFi is having a moment. But now that Open Book is up and running, the volunteers face a series of dilemmas. The initial goal was to prevent the collapse of Serum from spilling over into the wider Solana ecosystem, but the group must now reckon with the ongoing management of the DEX, which is another proposition entirely.

Among the first questions up for debate is what to do with SRM, the token created by FTX for Serum, $2.2 billion of which was listed on the company’s balance sheet. The token, which provides holders with a discount on trading fees, is still supported by Open Book at the time of writing.

Some of the Open Book volunteers, including Long, would rather see the back of FTX, period. Long says supporting SRM offers no material benefit to Open Book users and serves only to put money into the pockets of FTX because the value of SRM is effectively tied to the revenue generated by the exchange. 

The management structure of the new DEX has also raised eyebrows. In a thread published on November 18, the Open Book volunteers explained that “upgrade authority” is now held by a small consortium of “reputable figures” from the Solana development community. Although the new model successfully cuts out FTX, traders are asking whether one overly centralized model has simply been replaced with another. To this question, the group of volunteers has yet to come up with an answer.

[nftcryptonews]

Solflare to let users manage Solana CeFi and DeFi accounts in one app with FTX integration

Transfer between custodied and non-custodied accounts can now take place within the Solflare wallet

from Cointelegraph.com News https://ift.tt/oCz8ujc

[cryptocurrenymining]

Most Profitable Cryptocurrency to Invest in 2024

As the cryptocurrency market evolves, investors seek the most profitable opportunities. In 2024, numerous new digital currencies show promise for significant returns. This article explores the top cryptocurrencies to invest in this year, analyzing their potential, market trends, and underlying technologies.

Cryptocurrencies like Bitcoin Mining and Ethereum have set the stage, but emerging players offer exciting possibilities. Factors such as innovative technology, strong development teams, and real-world applications contribute to their investment appeal. Market trends indicate a shift towards decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain interoperability, opening up new avenues for growth.

Investors should consider the potential of these new digital currencies, assessing their unique features and market positioning. By keeping up with the latest trends and being smart about their choices, investors can take advantage of the constantly changing crypto market. This article will guide you through the best cryptocurrencies to invest in for 2024, helping you make smart choices.

1.Bitcoin (BTC): The Gold of Cryptocurrencies

Market Position and Stability

Bitcoin is still the biggest and most famous digital money out there. Lots of people use it, so it's considered a safe bet for investing. Even though its value can go up and down a lot, over time, it has mostly gone up.

Halving Event Impact

In 2024, Bitcoin will have a halving event, which means miners will get half the reward for creating new Bitcoin. In the past, this has often caused Bitcoin prices to rise because there are fewer new Bitcoins being created while demand stays the same or goes up. This makes Bitcoin appealing to investors who want to take advantage of this regular occurrence.

2. Ethereum (ETH): The Core of Decentralized Apps

Technological Advancements

Ethereum is very important in the world of cryptocurrencies because it can handle smart contracts. Ethereum is switching to Ethereum 2.0, which means it's changing how it confirms transactions, moving from one way called proof-of-work to another way called proof-of-stake. This change will speed up Ethereum, make it safer, and use less power. This update should make Ethereum more attractive to both developers and investors.

DeFi and NFT Growth

DeFi projects and NFTs really like using Ethereum's blockchain. As these areas keep growing, more people will need ETH, which could make it a good investment in 2024.

3. Binance Coin (BNB): Fueling the Binance Network

Utility and Demand

Binance Coin (BNB) is the main cryptocurrency mining of Binance, the world's biggest crypto exchange. People use BNB to pay for transaction fees on Binance and get discounts, which makes it popular.

Binance Smart Chain (BSC)

The Binance Smart Chain is now a strong rival to Ethereum, with lower fees and faster transactions. Many DeFi projects and dApps are being built on BSC, which boosts the usefulness and value of BNB.

4. Cardano (ADA): A Sustainable and Scalable Blockchain

Innovative Consensus Mechanism

Cardano uses a special system called Ouroboros to keep its blockchain safe and lasting a long time. Its emphasis on academic research and peer-reviewed work ensures a strong and scalable platform.

Smart Contracts and dApps

The Alonzo upgrade added smart contracts to Cardano, allowing for the creation of decentralized apps. This makes Cardano a strong competitor to Ethereum and attracts both developers and investors.

5. Solana (SOL): High-Speed Transactions and Low Fees

Scalability and Speed

Solana is getting noticed because it can process transactions super fast, handling lots of them every second while charging very little. This makes it a good option for developers and folks looking for fast and affordable blockchain solutions.

Growing Ecosystem

Solana's world is growing fast, with lots of DeFi projects, NFTs, and other stuff being made on it. This growth could make people want more SOL, which could be a good investment.

6. Polkadot (DOT): Enabling Interoperability

Innovative Architecture

Polkadot's unique design makes it easy for different blockchains to cooperate smoothly. This makes Polkadot really important for the future of blockchain because it's all about making different blockchains talk to each other.

Parachain Auctions

Polkadot's auctions for parachain slots, where projects can reserve spots on its network, are getting a lot of attention and money. These auctions are likely to make people want more DOT because projects have to use DOT to join in.

7. Avalanche (AVAX): Competing for DeFi Dominance

Consensus Protocol

Avalanche uses a special way for everyone to agree, which helps it process lots of things quickly. This makes Avalanche a strong DeFi player.

Rapid Growth

Avalanche's world is getting bigger fast, with lots of DeFi platforms, dApps, and NFT projects picking it for their work. This growth will probably make more people want AVAX.

Conclusion: Diversifying for Maximum Profit

Even though these cryptocurrencies might make money in 2024, it's important to spread your investments. The crypto market can change a lot, so putting money in different things can help lower the risk. Do your homework, look at things like what the technology is, where it stands in the market, and what it could do in the future before you invest. If you stay informed and plan carefully, you can make the most of the money-making chances in the world of cryptocurrencies.

[markethighs]

GetGrass: Earn Crypto with Your Unused Data (Decentralized Oracle Network)

GetGrass rewards users with cryptocurrency (GRASS) for sharing unused device resources. It functions as a decentralized oracle network for real-world data validation and aims to be Solana’s first Layer 2 scaling solution. Learn how to participate and earn!

Content:

GetGrass is a revolutionary project that leverages blockchain technology to create a win-win situation for users and the DeFi space. By participating in the GetGrass network, users earn GRASS tokens by contributing their devices’ unused bandwidth and storage. This empowers GetGrass to function as a powerful decentralized oracle network, providing reliable and scalable data validation through a Proof of Connectivity consensus mechanism.

What Makes GetGrass Unique?

Earn Crypto with Unused Resources: Share your device’s idle processing power and storage to earn GRASS tokens.

Decentralized Oracle Network: GetGrass provides accurate and secure real-world data for various AI applications and private companies.

Solana’s Layer 2 Scaling Solution (Potential): GetGrass aims to become the first Layer 2 scaling solution for Solana, enabling faster transaction processing.

How to Participate in GetGrass:

Download the GetGrass App: Join the network and start earning GRASS tokens.

Contribute to Data Validation & AI Training: Your participation strengthens the network’s data validation and AI training capabilities.

Earn Passive Income: Keep your device connected and online to passively earn GRASS points, which convert to GRASS tokens.

Getting Started with GetGrass:

Create a GetGrass account on the official website.

Download and install the GetGrass Chrome extension from the Chrome Web Store.

Activate the browser extension and connect to the GRASS network.

Start earning Grass Points by browsing the web as usual. Maximize earnings by keeping your computer on.

Stay Updated on Promotions & Airdrops:

While GetGrass hasn’t announced official promotions or airdrops yet, their proactive approach suggests potential rewards for early participants. Keep an eye out for future updates and airdrop opportunities!

[cryptosoftmalaysia]

Automatic  BUSD Payment Gateway Development Company

For More Details Please Contact

Call / Whatsapp: +60 16-499 8736

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Automatic  BUSD Payment Gateway Development Company

Cryptocurrency Payment Gateway Development Company

Develop cryptocurrency payment gateway development services that are highly responsive, blockchain-powered, feature-rich, and scalable by working with our top-rated cryptocurrency payment gateway development firm.

Make Secure Crypto Transactions with Our BUSD Crypto Payment Gateway Development

As well-known payment gateways allow you to transmit money from one end to the other. In recent years, cryptocurrencies have replaced traditional fiat currencies in the payment systems, which have significantly expanded. The payment industry has not been left behind by blockchain. Similar to traditional digital payment gateways, cryptocurrencies enable for rapid international payments with little transaction costs.

We provide BUSD payment gateway development services with market-leading security and trade capabilities as a leading cryptocurrency payment gateway development firm. To ensure a quick and secure transaction that accepts a variety of currencies, has cheap transaction fees, and has robust security, use our crypto payment gateway development. Get in touch with us right away to see how our cutting-edge crypto payment gateway app development solution can transform your company!

Our Supreme Cryptocurrency Payment Gateway Development Services

Multi-Cryptocurrency Payment Gateway

We offer a multi-cryptocurrency payment gateway that enables customers to perform transactions with whatever cryptocurrency they like.

Defi Crypto Payment Gateway

Users have complete control over their cash thanks to our DeFi’s bitcoin payment gateway creation services, which do away with the necessity for intermediaries.

Crypto Payment Marketing Services

Through social media marketing, cryptocurrency influencer videos, campaigns, etc., our digital marketing team advertises the cryptocurrency payment gateway platform.

Crypto Business Consulting Services

Our crypto advisors help you analyze current crypto trends, assist in blockchain selection and address your business problems with blockchain solutions.

Mobile Application Development

We provide top-notch, highly scalable crypto payment gateway app development that works with both Android and iOS devices.

API Integration Services

We provide intriguing services for developing BUSD payment gateway that include high-quality trading and security APIs.

Features that make our Cryptocurrency Payment Gateway distinct

Cross border payments

Multiple wallets

Multilingual support

Multi-currency support

Real-time confirmations

User-friendly interface

Two-factor authorization

Peer-to-peer transaction

Easy integration

Real-time exchange

OS Compatibility

Auto Settlement option

Donation facility

White-Label Cryptocurrency Payment Gateway Development Solutions

One of the top developers of cryptocurrency payment Gateway Company is Crypto Soft Malaysia. A tried-and-true solution that has grown in favor among cryptocurrency businesses as an alternative to investing time and resources in developing a custom crypto payment gateway is white-label software.

Our industry-specific white-label solutions ensure an exceptional user experience and hasten the launch of your cryptocurrency business. Our services for developing white-label bitcoin payment gateways offer fully customized, bug-free platforms with cutting-edge trading and security features. Supply chains, healthcare, education, entertainment, real estate, and other sectors are transformed by our white-label bitcoin payment gateway creation services.

Payment Options Offered by Our Cryptocurrency Payment Gateway

Bitcoin (BTC)

Bitcoin Cash (BCH)

Ethereum (ETH)

Binance USD (BUSD)

Ripple (XRP)

USD coin (USDC)

Gemini USD (GUSD)

Solana (SOL)

Celo(CELO)

Dogecoin (DOGE)

Litecoin (LTC)

Zcash (ZEC)

[krasbens]

GetGrass: Token Price, Launch Date, Token and Airdrop Guide

Looking for GetGrass Token Price?

The GetGrass token is currently not live yet, however you can begin contributing to the network and farming points now: https://app.getgrass.io/register.

JOIN GETGRASS NOW (You are early)

Grass: Earn a Stake in the AI Revolution

Grass is the easiest way to participate in the growth of AI. Join 2,000,000+ users securely monetizing their internet…

app.getgrass.io

GetGrass is generating buzz in the decentralized finance (DeFi) space, with the GRASS token price being a hot topic of speculation amongst investors. While specific price details are yet to be announced, the growing interest and the network’s robust features suggest a promising outlook for early adopters of the getgrass crypto. CoinScan is your #1 source for all the latest news, events, charting, and upcoming token launches. Below you will find our in-depth guide on what the getgrass token is and how you can earn grass coins in no time!

GetGrass Token Model

It’s important to note that users are rewarded with getgrass points for every minute they contribute to the network, so the longer you have your computer connected to the app and online, the more points you will earn!

The GetGrass token currently does not have a launch price or set price, however on some aftermarket applications, we’ve seen the points already being pre traded and speculated on, which is a great sign for the growing popularity and demand for the token.

What is GetGrass?

GetGrass is more than just a cryptocurrency project; it’s a groundbreaking platform where blockchain meets real-world data. By leveraging the unused bandwidth resources of its community members, GetGrass aims to create a self-sustaining ecosystem that provides accurate and decentralized data for various A.I. based applications and private companies.

GetGrass also aims to become the first ever Layer 2 scaling solution for the popular blockchain Solana (SOL), claiming it will process 1 million transactions per second. This coupled with the A.I. data it gathers from user-lent bandwidth, poses a very powerful combination that would make the grass network very prominent in the crypto industry.

How Does GetGrass Work?

To participate in the GetGrass network, users download the app and start mining GRASS tokens. This process contributes to the network’s data validation and A.I. training consensus, with miners rewarded for their contributions, effectively turning unused digital resources into potential income for users who keep the app connected to their computers. Once the user is connected to the application, there is nothing more to do except just go about your normal computer usage and you will automatically farm grass points, and eventually getgrass coin, passively for as long as your computer remains online connected to the internet and the getgrass application connected.

How to Install and Farm Grass Points?

How to get started farming free $GRASS tokens:

Create a getgrass account from the main website.

Download and install the Getgrass.io extension from the Chrome Web Store after you sign up.

Make sure the browser extension is turned on and shows that you are connected to the grass network.

Start earning Grass Points as you browse the web normally. *It is advised to leave your computer on even when not in use to maximize the amount of grass tokens you earn per day! *

Promotions

Grass: Earn a Stake in the AI Revolution

Grass is the easiest way to participate in the growth of AI. Join 2,000,000+ users securely monetizing their internet…

app.getgrass.io

There are however rewards for referring and referred users! Users who are referred will earn 5,000 points once they hit 100 hours of uptime on the getgrass network. So make sure once you have signed up that you refer others to boost the network’s strength and your own rewards!

Partnerships

GetGrass has established significant partnerships with industry giants like Polychain Capital, Solana Saga, and Chainlink, enhancing its credibility and operational capacity in the blockchain ecosystem. There is no doubt that they have strong connections and will continue to form strategic partnerships in the future as they scale more and more.

Thanks for reading and such support.

[kezexofficial]

Which Crypto Will Boom in the Long Term?

Predicting which one will skyrocket in the long run is like navigating a minefield of alternatives in the vast and constantly changing world of cryptocurrencies. With each digital currency providing its own set of features, use cases, and market dynamics, investors and enthusiasts are constantly on the lookout for the next big thing. So, what new crypto token holds the key to long-term success? Let's have a look at the contenders and evaluate their abilities. 

Bitcoin: The OG of Cryptocurrencies

Bitcoin, frequently referred to as the "pioneer of cryptocurrencies," continues to dominate the industry due to its early acceptance and first-mover advantage. Its restricted number of 21 million coins, combined with its decentralized nature, has secured its place as a store of value and inflation hedge. Despite scalability issues and hefty transaction costs, Bitcoin remains popular with institutional investors and casual traders.

Ethereum: Beyond Digital Currency

Ethereum is distinguished for its revolutionary smart contract functionality and extensive developer environment. Ethereum has established a place in the crypto industry by serving as the foundation for decentralized apps (DApps) and the emerging decentralized finance (DeFi) sector. With the upcoming shift to Ethereum 2.0, which promises improved scalability and sustainability, Ethereum's long-term prospects appear positive.

Solana: The Rising Star

Solana has emerged as a powerful rival in the blockchain space, offering lightning-fast transaction rates and cheap fees. Its novel approach to scalability, using the Proof of History (PoH) consensus method, has piqued the interest of both investors and developers. With a burgeoning ecosystem of projects and partnerships, Solana's potential to disrupt traditional finance and other areas should not be underestimated.

Cardano: Building a Sustainable Future

Cardano takes pride in its scientific approach to blockchain technology, which prioritizes scalability, interoperability, and sustainability. Cardano's emphasis on peer-reviewed research and academic rigor strives to address the constraints of existing blockchain platforms while maintaining inclusivity and decentralization. As the platform evolves and significant modifications are implemented, Cardano has the potential to become a prominent role in the future.

Binance Coin: Powering the Binance Ecosystem

Binance Coin (BNB) has experienced stratospheric growth in recent years, owing to its usability within the Binance ecosystem and the adoption of Binance Smart Chain (BSC). As one of the world's largest cryptocurrency exchanges, Binance provides a diverse range of products and services, including trading, staking, and decentralized financing. BNB serves as the Binance platform's native asset, so its long-term success is inextricably linked to ecosystem growth and innovation.

Conclusion

In conclusion, the cryptocurrency market is rife with opportunity, with each digital asset seeking a position in the spotlight. While Bitcoin remains the king of cryptocurrencies, other challengers such as Ethereum, Solana, Cardano, and Binance Coin are carving out their niches and pushing the envelope of innovation. To find the next major long-term winner, investors and fans must perform rigorous research, diversify portfolios, and stay up to date on market trends. So, which New token launch will boom in the long run? Only time will tell, but one thing is certain: the voyage promises to be exciting.

[czlabs]

Unleashing the Power of Bulk Token wih Spider Swap

Spider Swap is an innovative bulk token swap platform built on the Solana blockchain, known for its high-speed transactions and low costs. This platform is designed to cater to the needs of both casual and seasoned cryptocurrency traders, offering a suite of functionalities including token swaps, staking, and rewards. In this comprehensive guide, we will explore Spider Swap’s features, how to connect your wallets, and the benefits it brings to the DeFi ecosystem.

Connecting Your Wallet

To start using Spider Swap, you need to connect a compatible wallet. Spider Swap supports several popular wallets such as Solflare, Backpack, and Phantom. These wallets are widely used within the Solana ecosystem and offer secure storage for your SOL and Solana-based tokens. Connecting your wallet to Spider Swap is straightforward:

Visit the Spider Swap website: Open your web browser and go to the official Spider Swap platform.

Choose ‘Connect Wallet’: On the homepage, you’ll find the option to connect your wallet. Click on it.

Select your wallet: You will be prompted to choose from the list of supported wallets (e.g., Solflare, Backpack, Phantom).

Approve the connection: Follow the prompts to approve Spider Swap’s request to connect with your wallet. This step usually involves entering your wallet’s password or approving the connection directly in your wallet app.

Features of Spider Swap

Spider Swap is designed to be a comprehensive platform for trading and earning within the Solana ecosystem. Here are its core features:

Bulk Token Swap

One of the standout features of Spider Swap is its ability to conduct bulk token swaps. This functionality allows users to swap multiple tokens in a single transaction, significantly saving time and reducing transaction fees. This feature is particularly useful for traders looking to rebalance their portfolios or execute complex trading strategies.

Staking

Staking is another key feature of Spider Swap, enabling users to earn rewards by locking up certain tokens. By staking your tokens, you not only contribute to the security and efficiency of the blockchain but also earn passive income in the form of staking rewards. Spider Swap’s staking feature is designed to be user-friendly, making it easy for even beginners to start earning rewards.

Rewards

In addition to staking rewards, Spider Swap also offers various other incentives to encourage user participation and investment. These rewards can come in different forms, including airdrops, yield farming opportunities, and bonuses for participation in liquidity pools. The platform’s reward system is designed to benefit both active traders and long-term holders, providing multiple avenues for users to earn.

Benefits of Using Spider Swap

Speed and Efficiency: Built on the Solana blockchain, Spider Swap leverages Solana’s high transaction speeds and low costs, making it an efficient platform for trading and other transactions.

User-Friendly Interface: The platform boasts a clean and intuitive interface, making it easy for users to navigate and perform transactions without confusion.

Versatility: With support for multiple wallets, a range of functionalities, and a variety of tokens, Spider Swap caters to a wide audience within the cryptocurrency community.

Security: Spider Swap places a high emphasis on security, with support for the most trusted wallets in the Solana ecosystem and regular audits to ensure the safety of user funds.

Conclusion

Spider Swap stands out as a versatile and efficient platform for users looking to make the most out of the Solana ecosystem. Whether you’re interested in bulk token swaps, staking, or earning rewards, Spider Swap offers a comprehensive set of tools to help you achieve your investment goals. With its user-friendly interface, support for popular wallets, and a focus on security, Spider Swap is poised to become a favorite among Solana blockchain enthusiasts.

[drewssam]

Coinbase Wallet Updates on August’s Wrap-Up

Coinbase Wallet, a self-custodial cryptocurrency wallet, regularly introduces new features and updates. In its recent monthly "Wallet Wrap-Up," released in August, it unveiled several enhancements. Notable additions include support for Solana and asset bridging, enabling direct purchases of ETH, MATIC, and USDC on Polygon, as well as USDC on Solana. This facilitates user engagement in gaming and DeFi activities across multiple networks. Another highlighted feature is the "Multichain without the pain," simplifying transitions between Ethereum and Polygon transactions within the wallet. Additionally, Coinbase Wallet now supports Solana dApps, expanding access to the Solana ecosystem. Integration of web3-based games such as Star Atlas and Era7: Game of Truth further enriches the user experience. The wallet, available as both a mobile app and a Chrome extension, ensures self-custody of cryptocurrencies across various blockchain networks, providing robust security and compatibility with numerous currencies and decentralized applications.

[marketreports2022]

The Future of Digital Currencies

The electronic currency, or digital currency, market has seen tremendous growth in recent years. As more consumers and businesses adopt digital payments, the market is poised for continued expansion. This article provides an in-depth look at the current state and future outlook of the global electronic currency industry.

Digital Currency Market Overview

A digital currency is a form of payment that exists only in electronic form, not having physical banknotes or coins. Also known as cryptocurrencies or virtual currencies, common examples include Bitcoin, Ethereum, and Litecoin. Digital currencies utilize cryptography and blockchain technology to regulate currency generation and verify transfers.

Key drivers spurring the rise of digital currencies include their decentralized nature, lower transaction fees compared to traditional payment methods, pseudonymity, and integration into modern technology. Additionally, the COVID-19 pandemic accelerated digital payment adoption as more commerce shifted online.

The electronic currency market size was valued at $58.4 billion in 2022. Market forecasts predict the industry will expand at a CAGR of 24% from 2023 to 2030, reaching a value of $422.3 billion by the end of the forecast period.

Leading Digital Currencies

Currently, Bitcoin holds the largest market share at nearly 50% of the global digital currency market. As the first decentralized cryptocurrency, Bitcoin paved the way for other coins by proving the viability of peer-to-peer electronic cash. Additional major players include:

Ethereum: Smart contract and decentralized application capabilities make Ethereum the second largest currency.

Tether: This stablecoin pegs its value to fiat currencies like the U.S. dollar for price stability.

USD Coin: Also a stablecoin, USD Coin maintains parity with the U.S. dollar.

Ripple (XRP): Ripple's fast transactions and partnerships with financial institutions drive adoption.

Binance USD: A stablecoin created by leading crypto exchange Binance.

Lesser-known currencies like Solana, Cardano, Polkadot, Dogecoin, and Shiba Inu have also seen rising popularity recently.

Request For Sample: https://theresearchdeck.com/report/electronic-currency-market/#requestForSample

Major Industry Participants

Many companies are driving electronic currency adoption:

IBM: Enterprise blockchain solutions for supply chains, credentials and carbon credits.

Ripple: Global financial settlement network for faster international transactions.

Rubix: Enabling institutions to build custom blockchain apps and tokens.

Accenture: Consulting on crypto strategy, NFTs, DeFi and CBDC rollouts.

Oklink: Digital asset data and infrastructure provider for exchanges, wallets and investors.

Oracle: Enterprise-grade software for launching decentralized identity, trade finance and other blockchain platforms.

AWS: Cloud services to develop, test and scale crypto projects.

Citi Bank: Insights, investment vehicles, cryptocurrency trading and digital wallet storage for clients.

ELayaway: Payments processing and tokenized reward incentives.

HSBC: Custody services and facilitating trillions in crypto flows annually as they go mainstream.

Ant Financial: Alipay users can now buy Bitcoin rewards through the app.

Major Chinese firms like JD Financial, Tecent and Baidu have also participated in funding crypto startups recently.