Monthly Archives: Dezember 2022

Cardano Leads Blockchain Development Activity Again in 2022!

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• Cardano has unseated 9 Blockchain protocols to lead overall development activity in 2022.
• Santiment observed a bullish reversal trend among ADA sellers, with short positions reducing significantly.
• Cardano led the overall blockchain development activity in 2021, with more than 140,000 active network contributors.

Cardano, the blockchain protocol known for its smart contract capabilities, has emerged as the leader in blockchain development activity for 2022. According to Santiment, a market insights provider, Cardano unseated nine other protocols to lead the overall development activity this year. The news was shared in a tweet by Santiment today.

Behind Cardano were Polkadot (DOT), Cosmos (ATOM), Ethereum (ETH), InternetComputer (ICP), Elrond (EGLD), Flow (FLOW), Optimism (OP), Aptos (APT), and Polygon (MATIC). The milestone is a remarkable one for Cardano, considering the year was mostly filled with continuous pushback as the bear market stunted the growth of many protocols.

The growth of Cardano can be largely credited to its active network contributors, which came to a total of 53. Santiment also observed the state of the Solana and Aptos Blockchains. It was noted that Aptos had been working hard before the mainnet launch and had slowed down after, while Solana had strong development activity but the metric was declining heavily through the year.

It’s worth noting that Cardano had also led the overall blockchain development activity in 2021. Last year, development activity on the network surpassed 140,000. Additionally, back in November, Cardano was ranked first in the network’s developer activity index by Arcane Research.

The news is a huge milestone for the Cardano network, which has been steadily growing since its launch in 2017. With the network’s focus on scalability and sustainability, it looks to be on a path of greater adoption and success. As Cardano continues to lead blockchain development activity, it will be interesting to see how the protocol fares in the future.

China Launches First State-Backed NFT Marketplace: Opportunities Await

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• China is set to roll out its first state-backed NFT marketplace, to be managed by multiple state own entities.
• The marketplace, dubbed as „China Digital Asset Trading Platform, was put together by China Cultural Relics Exchange Center, China Technology Exchange, and Huaban Digital Copyright Service Center Co., Ltd.
• The platform will allow for the trading of multiple items, including digital collectibles.

China is taking a huge step towards the adoption of Non-Fungible Tokens (NFTs) with the launch of their first state-backed NFT marketplace. This platform, called the China Digital Asset Trading Platform, was put together by the China Cultural Relics Exchange Center, China Technology Exchange, and Huaban Digital Copyright Service Center Co., Ltd. The platform is set to launch on January 1, 2023 and it will allow users to trade collectibles, digital copyrights and property rights.

The platform is expected to have a profound effect on China’s cultural industry. The integration of new technologies such as NFTs into the Chinese market could bring about significant growth in the sector. The platform will also offer a variety of digital products, from digital collectibles to digital rights and copyrights.

In order to ensure the security of the platform and its users, the platform will be using a variety of technologies. It will be using blockchain-based solutions to ensure the authenticity and security of the transactions. Additionally, the platform will be using smart contracts to ensure that the rights and copyrights of the digital products are correctly handled.

The China Digital Asset Trading Platform is a major step forward for China’s adoption of NFTs. It is expected to bring about a new wave of opportunities in the cultural industry, as well as providing a secure environment for trading digital products. As the platform is set to launch in the near future, it will be interesting to see how it will be received by the public.

Alameda Research Liquidates $1.7M in Crypto Assets, Sparks Market Concerns

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• On December 29th, Alameda Research sold a large portion of its crypto assets, worth $1.7 million.
• The assets were Ethereum-based tokens, such as USDC, DAI, CRV, CVX, ETH and more.
• The funds were converted into BTC from USDT via token-swap service platforms like FixedFloat or ChangeNow.

Alameda Research, a crypto trading firm founded by Sam Bankman-Fried, was recently forced to file for bankruptcy proceedings along with the FTX exchange in mid-November. On-chain data shows that on December 29th, Alameda Research liquidated a large portion of its crypto assets worth $1.7 million. These assets consisted of Ethereum-based tokens, such as USDC, DAI, CRV, CVX, ETH and more.

The funds were exchanged for Tether’s USDT stablecoins, and then swapped for BTC via token-swap service platforms like FixedFloat or ChangeNow. The value of these assets ranged from a fraction of ETH to more than 15 ETH. Arkham Intelligence revealed that Alameda Research still holds sizable crypto assets comprising various tokens worth more than $112 million.

The bankruptcy filing and the subsequent liquidation of assets has caused a stir in the crypto community, as many are concerned that this could have a negative impact on the market. It remains to be seen how the market will react to this news in the coming days and weeks. For now, it appears that Alameda Research is still managing its assets, albeit in drastically reduced amounts.

A Comprehensive Guide to Bitcoin Lightning Network Transactions

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The blockchain revolution has led to the rise in popularity of the digital currency Bitcoin in recent years. Digital money known as Bitcoin is built on a decentralized ledger system, which means it is not governed by a single organization or government. Due to this, it appeals to users and investors who want to have more control over their money. The need for quicker and more effective ways to use Bitcoin as payment develops along with its popularity. The Lightning Network steps in at this point.

Describe Bitcoin

Peer-to-peer technology is used by the decentralized digital currency bitcoin to enable transactions. It is a type of digital currency because no government or central bank is supporting it. A network of computers is used to maintain the blockchain, a public ledger where transactions are recorded. Additionally, Bitcoin is divisible, allowing users to transmit and receive any value, no matter how little or huge.

By means of the Lightning Network

The Lightning Network requires users to setup a payment channel before they may utilize it. A wallet or exchange platform like Bitvestment can be used for this. Users may conduct transactions with one another immediately after the payment channel has been opened, without having to wait for the blockchain to complete the transaction.

The Lightning Network: What is it?

Built on top of the Bitcoin blockchain, the Lightning Network is a system of smart contracts and payment channels. Compared to standard Bitcoin transactions, it is intended to enable quicker, less expensive, and more secure transactions. By establishing payment channels between two users, the Lightning Network enables them to send and receive payments immediately, without having to wait for the blockchain to complete the transaction.

Getting to Know Bitcoin Transactions

Understanding how Bitcoin transactions function is essential before attempting to comprehend the Lightning Network. The blockchain, a public log of all Bitcoin transactions, is where transactions are kept. Each transaction is kept in the form of a block that is cryptographically secure and unchangeable. This guarantees the security and immutability of Bitcoin transactions.

Lightning Network Transactions‘ Advantages

Users who want to utilize Bitcoin for transactions have access to a variety of advantages thanks to the Lightning Network. Compared to transactions done on the Bitcoin blockchain, those made on the Lightning Network are quicker and less expensive. This is because consumers don’t have to wait for the blockchain to execute their transaction while using the Lightning Network. Additionally, because they are cryptographically protected and kept off the blockchain, Lightning Network transactions are more secure. They are less susceptible to hacking and other nefarious activities as a result.

Use of the Lightning Network Has Many Benefits

Compared to standard Bitcoin transactions, the Lightning Network has a lot of benefits. Transactions are more secure, less expensive, and quicker. Users may also conduct transactions using the Lightning Network without having to wait for the blockchain to complete them. It is therefore perfect for those who need to trade swiftly and securely.

The Lightning Network’s dangers

There are certain hazards involved with using the Lightning Network, despite the fact that it is a safe and effective means to conduct Bitcoin transactions. Users having to have faith in the other party to the transaction is one of the key hazards. This is so that the transaction’s correctness may be guaranteed, which the Lightning Network can not offer. Additionally, consumers need to take care to keep their payment channel active because it could close at any time.

The Lightning Network: How to Use It

The Lightning Network may be used rather easily. Opening a payment channel via a wallet or an exchange site like Bitvestment is the first step. Users may quickly send and receive money from one another once the payment channel is available. Users may also utilize other services like online shops and merchants to make payments via the Lightning Network.

Conclusion

Built on top of the Bitcoin blockchain, the Lightning Network is a system of smart contracts and payment channels. Compared to standard Bitcoin transactions, it is intended to enable quicker, less expensive, and more secure transactions. Users that wish to utilize Bitcoin for transactions may benefit from the Lightning Network’s quick transactions, reduced transaction costs, and enhanced security. Bitvestment is only one of the services and wallets that customers may utilize with the Lightning Network. Overall, the Lightning Network is a useful resource for anybody considering using Bitcoin for financial transactions.