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Fiat Growth

2021 alone, the , similar to the . Now more than ever, the crypto industry is faced with unfettered demand for blockchain-enforced ownership and economical solutions designed for digital assets. NFT market cap rose by over 1,700% explosion in the DeFi market in 2020 But there is a catch. Investors, artists, content creators, and collectors alike must acquaint themselves with emerging crypto-financial templates and the constraints that come with them to unlock the NFT and DeFi markets. It is easy to see why such a requirement may seem inconvenient for the general population, most of which may not be well versed with the field. With this in mind, it has become necessary to highlight the importance of fiat gateways in the NFT and DeFi movement. NFT And DeFi Attracts Mainstream Audience The underlying technology of NFTs and DeFi devises a viable means of materialising some of the essential characteristics of banks and real-world assets in the digital world. With NFTs, it is easier to trace and confirm the ownership of digital items. It is also possible to establish the rarity and uniqueness of such items, retaining a sustainable value. On the other hand, DeFi brings exciting and high-yielding financial paradigms, albeit with a large degree of autonomy. The growth potential of NFTs and DeFi is currently being fueled by mainstream interest in these innovations. More celebrities endorse NFTs, providing them with a new and exciting channel of interaction with fans while giving them more control over their brand. There is also the mainstream acknowledgement that in NFTs gives this emerging sector. For a legendary auction house to welcome the idea of blockchain-based digital art, it is clear to see why the concept of NFTs are fast becoming a mainstay in the art world. Christie's involvement In the case of DeFi, investors are increasingly looking for ways to enjoy the financial possibilities associated with DeFi solutions. These opportunities provide alternative investment strategies, which are more profitable than the current low-interest rates of traditional investment options. The Fiat Growth Barrier Notably, the growing appeal of NFTs and DeFi also raises some questions. One is the lack of fiat gateways for NFT and DeFi protocols. Many established NFT and DeFi platforms utilize decentralised architectures, meaning users have to execute trades using cryptocurrencies. To most, this is even a more daunting task if ETH or other Ethereum-based tokens are the primary payment options, as network congestion often causes transaction fees to rise astronomically. Caught between the complexities of buying cryptocurrencies and the security requirements of holding digital assets, NFT and DeFi users also have to contend with such assets' price volatility. As such, it is vital to acknowledge that some may not understand crypto entirely. However, they may withhold an interest in acquiring NFTs to collect exclusive items from their favorite musicians, athletes, and artists. This is also true of investors, who are more concerned about DeFi yields than all the moving parts involved in facilitating crypto loans. This is why stakeholders and developers are working relentlessly to improve the user experience for NFT and DeFi platforms . For instance, , the UK's leading crypto trading platform, to Trustpilot, has created a revolutionary new NFT wallet app that will soon be compatible with fiat payment options. Coinburp according The startup has capitalised on its fiat knowledge, regulatory backing, and strategic partnerships to bring CeFi or Fiat gateways to NFT and DeFi. Already, the app allows direct top-ups with credit/debit cards to purchase NFT-based digital assets on Avastars, Sandbox.game, OpenSea, and NFT Boxes. For Coinburp, integrating conventional payment systems is one way of establishing an enabling environment for NFT and DeFi users. I have a vested interest in the platform since I use Coinburp daily. Similarly, Karinna Nobbs, co-founder of THE DEMATERIALISED, recently that fiat is an essential onboarding requirement for the emerging fashion NFT market. She explained that most fashionistas do not own digital asset wallets. Therefore, it has become necessary for fashion brands looking to adopt NFT systems that process both crypto and fiat. commented This notion also rings true in the sports industry with its growing interest in NFTs. Platforms like NBA Top Shot are increasingly normalising NFT sports collectibles while delivering new income opportunities for the sports franchises. The emergence of such initiatives unlocks new sporting experiences for billions of sports fans worldwide. However, for NFTs to become a globally accepted sports initiative, NFT processes must improve and become seamless. Without any doubt, this would entail the implementation of fiat gateways. As for DeFi, developers must create viable bridges between the decentralised world and the traditional financial system. This will allow more investors to access DeFi protocols without time-consuming and expensive processes. Before the current drive for fiat DeFi channels, investors had to buy Ethereum or Bitcoin with fiat before exchanging them for DeFi tokens. Ultimately, the integration of fiat channels promises to bring more liquidity to the DeFi market. Final Thoughts It is easy to hide behind digital currencies' growth potential and pretend that these systems are sufficient to fuel NFTs and DeFi into mainstream status. Although cryptocurrency offers compelling improvements over traditional payment systems, it is still very much an emerging financial order that is yet to capture the majority's hearts. And hence, the NFT sector, much like the DeFi market, needs to integrate purposefully with centralised finance to have a realistic chance of mainstream adoption. Until then, both sectors' growth will be constrained by the size of the crypto industry, even though they seem to have attracted the interest of a broader audience.

The DeFi And NFT Spaces Have A Problem: FIAT

Governments are not fond of cryptos, ça va sans dire. Every crypto enthusiast knows well that big nations as the USA or Japan are trying to regulate the cryptomarket, undeniably growing in power and popularity, but that also keep a certain distance from fully implementing cryptos in the national or global finance. Libra is a clear example of this: when Facebook started the project the fear that its cryptocurrency could undermine the financial order led to the slowdown of the project. It doesn’t matter whether it is a stablecoin and, thus, has a certain dependence on fiat money. States are not willing to have such a strong financial competition. Nonetheless, many believe that one day the biggest nations on the global chessboard might finally embrace the cryptocommunity and start looking at virtual money as an opportunity rather than a threat. For instance, China, one of the starkest opponents to cryptocurrency, has lately changed its mind and might even launch some time in the near future. its own crypto However, there is one nation that, despite all the odds, is already actively trying to implement a state-backed, official cryptocurrency - the first of a kind in the history of cryptos. And it is not any of the financial giants you might think of. The Republic of the Marshall Islands (RMI), a tiny state of slightly over 53,000 people spread across 24 inhabited atolls in the middle of the Pacific Ocean, has declared its intentions to issue a new currency, the (SOV, in short), which will be used alongside the US Dollar, the current currency of the country. Marshallese Sovereign Photo by Winston Chen on Unsplash The project, led by David Paul, Minster In-Assistance to the President, is aimed at greater involvement of the Islands to the global economy. “The advent of blockchain technology has opened up a world of opportunity for small nations like ours. Relying on traditional fiat currency, the Marshall Islands has only fragile links to the wider world of international finance, and compliance is extremely resource intensive,” Mr. Paul in an essay published on CoinDesk. has stated “Many of our citizens send or receive money using remittance services, paying fees of up to 10% per transaction,” while “blockchain transactions are fast, simple, and cheap.” But most importantly “they’re replicated throughout a decentralized network.” Indeed, the step toward the development towards a crypto would bring two main advantages to the economy of the Marshall Islands and its people: 1) it would allow a larger freedom for a state which is dependant on the USD and the monetary policies of the US; and 2) it will provide a stronger infrastructure for a state the citizens of which live on several, scattered islands. The outline of the SOV seems to be extremely interesting: it is an actual crypto, rather than a stablecoin, since it is not pegged to any other fiat currency. However, although decentralisation is a main goal, the currency is backed by a central, political authority, granting stability and legal compliance, which cryptos don’t always enjoy. For instance, it is in the development plan that the SOV will follow Milton Friedman’s k% rule, with a fixed growth of 4% every year: “We chose to create a fixed money supply with fixed growth because fiat currencies can be remarkably unstable. For example, the Argentine peso recently fell 15% in a single day, while Venezuela’s currency, for all intents and purposes, no longer functions at all. [...] We as governments need to take a more sustainable approach to money, and not treat it as a limitless resource.” Image taken on CoinDesk The SOV will start rolling out in 2021, with an initial issuance of tokens redistributed between the government and a fund for the development of the SOV itself. Of the initial issuance, the government will retain 80% to redistribute them between the citizens and the SOV Development Fund. While the other 20% will be halved: 10% to be put on the market and 10% to be used “to build and maintain the in the short and long term.'' SOV technology The announcement and the issuance year are not random: As we saw above, the Republic of the Marshall Islands is heavily dependant on the US. Military bases employ many citizens of the Islands and the struggle with rising sea levels is mainly funded by American foreign aid. However, the current agreements foresee the end of financial support by 2023. The Marshall Islands is, thus, faced with a choice: it could still remain dependant on a foreign country or gain economic sovereignty, alongside actual political independence - from a country that conducted tens of nuclear experiments and detonations on its territory, with effects still suffered by the population. Obviously, the US did not let this happen smoothly and happily. After the passage of the bill in the Marshallese Nitijela (Parliament) for the creation of the currency (in February 2018), the political giant understood how committed was the RMI in the project. , the US ambassador expressed her country’s concern and disappointment for not having been consulted before the final decision of the Nitijela. A couple of weeks later, Paul and the Minister of Finance Brenson Wase - together with other officials - were called to testify before the US Treasury. There is no need to say how the Treasury did not approve of the project and raised many concerns on money laundering and terrorism funding. On April 11 2018 The International Monetary Fund on terrorism as well, but also on the success of the project: if the project should fly, it could pose the Marshall Islands in an embarassing situation where other states and financial istitutions - as the First Hawaiian Bank, the only bank to have close relations with the nation - would cut them off extrenal aid. also expressed its concerns Although the international community managed to slow the project down, the essay published on CoinDesk by Mr. Paul just over a week ago shows how the Islands has not given up the will to carry out the project. This will definitely become a major debate in the cryptocommunity and in global summits, as well as a major concern for financial giants as the US or the IMF. However, we should remember that we are dealing with the future of an island country that struggles with poor financial ties and with raising water levels - which could drown the entire nation! Action is required. And for a nation that has a very long history of decentralised economy and community, a blockchain-based, fast, and secure coin might be of use, as worrying as it is for the conservative, traditional finance.

The very first state crypto can happen anytime soon in a place you probably never heard of

Did you know that as of , Bitcoin reached a market capitalization of $1072.21 billion? Or that blockchain will hit $23.3 billion by 2023? What's more, experts predict that the cryptocurrency market size will hit $1087.7 by 2026. February 2021 If these aren't attention-grabbing statistics, we don't know what are. Crypto banks remain on the rise, and traditional banking systems already feel the pain. Today, have heard of cryptocurrency. And a growing number have started investing in them. For example, the American cryptocurrency exchange, Coinbase boasts a verified user base of more than . 79 percent of Americans 56 million users How does this company compare to traditional banking institutions in terms of popularity? Let's consider the traditional investment management company Fidelity. According to its website, the company currently has . 35 million user accounts Cryptocurrency banks are gaining on and even surpassing traditional banks. But will they overtake traditional institutions? Here's what you need to know. Crypto Banks vs Traditional Banks Blockchain, AI, cryptocurrencies, machine learning. These terms continue to trend and with good reason. We're in the midst of a significant financial transformation. The cryptocurrency market continues to drive these changes. Each year, the number of cryptocurrency transactions rises. This fact lays to rest naysayers' original criticisms of digital currency as unnecessary. The crypto market will grow at a whopping (CAGR) of nearly 12 percent through 2024. These figures have some people questioning the role of fiat currency. compound annual growth rate While fiat currency has served us for millennia, we've also outgrown it. Cryptocurrency will permit technology to occupy a dominant role in the economy, providing stability, fairness, and accountability. Traditional banking faces many challenges moving forward. Chief among these? The inability to keep up with the speediness of crypto transactions. But the limitations on traditional banking don't stop there. Traditional Banks vs Crypto Banks How fundamentally is cryptocurrency changing the fabric of the way we transact and invest? To answer this, we need to understand digital currency's origins. If there's one thing the Great Recession of 2007 to 2009 has shown us, it's how vulnerable banking systems are. When people worldwide realized how insecure these financial institutions could be, they started to demand change. Some individuals decided enough was enough. These individuals felt dissatisfied with the notion of turning over their life savings and assets to a third party for safeguarding. They determined to find another solution. In the process, Satoshi Nakamoto invented Bitcoin. This medium for daily transactions meant a way to opt-out of traditional banking infrastructure. Yet, no one could've predicted the shockwaves it would ultimately send through the financial world. Consider this. In April 2013, Bitcoin sat at a value of $50 at its low point. Today, it hovers around the $40,000 mark. Not only is this a difference of $39,950. It's a percentage increase of 79,900! Sure, this trajectory hasn't always been solely uphill. The crypto market has seen some sudden and capricious turns over the years. But the overall outlook looks very promising. What's more, who in the traditional banking system foresaw its meteoric rise? Traditional Banking Is Hamstrung What has contributed to the success of cryptocurrency banks and exchanges? A specter first raised by the Great Recession--the realization that banks could unpredictably go bankrupt. But the advantages of digital currencies don't stop there. They come with other advantages over traditional institutions. These include increased flexibility and availability. Traditional banks lack in both of these areas. Remember the old joke about "keeping bankers' hours"? Bankers have never really gone out of their way to cater to consumers. And they haven't turned to tech to enhance customer service like other areas of the marketplace (e.g., retail). To this day, you must make trips to the bank building to perform many transactions. Too many customers and too few operating hours mean long lines and dissatisfactory service. That's not a winning recipe from a user perspective. The inconvenience of bank timetables aside, traditional enterprises have other bothersome aspects. Take, for example, their tendency to charge over-the-top interest rates. Banks remain notorious for charging high interest on cross-border transactions. They do the same with mortgages and loans, too. These over-the-top interest rates have left customers desperate for other, better solutions. Enter Decentralized Tech Traditional banks were (and remain) hamstrung by policies, regulations, and interest rates. So, individuals have sought out more customer-centric approaches to finance. They've searched for ways to hold assets autonomously, ultimately leading to cryptocurrency. Individuals such as Nakamoto recognized decentralized banking processes as an answer. Today, cryptocurrencies and the blockchain continue to wrest control from third-party organizations. In turn, this power gets returned to consumers. Sure, this new system comes with risk. But it also features the promise of substantial rewards. A Massive Global Debt System What has the traditional banking system ultimately bestowed the world with? A massive global debt system. And the COVID-19 pandemic hasn't helped at all. , global debt now sits at $281 trillion. According to MarketWatch For some perspective, consider these stats. During the Great Recession, the global debt ratio increased by ten percent in 2008. It increased to 15 percent in 2009. How do these ratios compare to today? In 2019, government debt rose to 88 percent of the GDP. Today, it sits at 105 percent. Put simply, many nations added nearly $11 trillion in government debt to counter the impacts of the virus. A Digital Dollar? Is it any surprise the Fed will consider a digital dollar this summer? This news comes to us via Federal Reserve Chairman Jerome Powell. Powell hopes for a broader conversation about digitized currency. Unfortunately, their current thinking remains WAY behind the curveball. Their digital dollar won't be a cryptocurrency. It won't be decentralized, and it won't rely on blockchain technology. In essence, it remains fiat currency in a digitized "suit." This tired concept proves antithetical to everything cryptocurrency stands for. that creating a "digital dollar" will help poor Americans gain access to the banking system. But this stop-gap strategy represents little more than an economic band-aid. Some claim That said, it shows us something. Banks see the threat of cryptocurrency and have launched lobbying efforts to slow these changes. Many companies, including Mastercard and Visa, are also working hard to get up to speed. In collaboration with central banks, they're working towards system-wide compatibility with new cryptos. What does all of this tell us? Crypto remain a significant disruptor of status quo financial institutions. As traditional banking continues to struggle, expect to see more significant disruption. banks such as Crypto.com How Crypto Banking Compares At this point, you're likely wondering how crypto banks compare to traditional banks? After all, the terms sound pretty similar. But consider this a linguistic flaw rather than an issue with the concept of crypto. We use the word "banking" to describe many crypto enterprises. But we're speaking of processes rather than institutions. Crypto banking refers to how digital currencies get introduced into the market for exchange and transactions. Think of digital currency banks as the platforms that permit crypto holders to make payments and store assets. Put another way, digital currency banks are really crypto apps. These crypto apps represent alternatives to traditional banking systems. They provide users with secure digital wallets to hold their assets. They assist with transactions such as borrowing, lending, and storing (a.k.a. HODLing in crypto-speak). Centralized vs Decentralized Banking Systems Traditional banking systems are centralized institutions. How does fiat currency get valued? Through regulations and the market. In other words, consumers have no control. But cryptocurrencies remove middlemen. They make users the owners of their crypto assets. The cryptosystem eliminates intermediaries from the process of storing, lending, and authorizing transactions. How do cryptocurrency values get determined? By supply and demand. Period. Crypto banks, such as Coinbase, rely on blockchain technology. From peer-to-peer money to digital currencies, these systems circumvent traditional financial institutions. In turn, they give power back to consumers. Ultimately, crypto banking represents a superior financial system. It proves fairer than traditional banking systems, which can be manipulated through regulations, etc. Platforms like BlockFi give power back to consumers. They do this through bank-free methods of transferring ownership and wealth. A Bright Future for Crypto Banks Crypto banks have a bright future ahead of them. These companies have yet to fully embrace security and safety regulations for mainstream acceptance. Cryptocurrency is based on blockchain. The most immutable tech out there today, we expect to see great security innovation moving forward. As consumers feel more assured of the safety of crypto, consumer adoption will skyrocket. Like a tsunami, this financial change can't be stopped. Why? Because of the superior nature of blockchain and cryptocurrency. Crypto Banks: The Takeaway What's the takeaway when it comes to crypto banks? Cutting out third-party banks and placing power back in the hands of consumers will continue to revolutionize the future of finance. For these reasons, the cryptocurrency market will flip traditional banks. It's just a matter of time. In the meantime, you owe it to yourself to get up to speed on cryptocurrency. Now's the time to get ahead of the learning curve and get on the road to greater financial freedom. Are you interested in more of the latest crypto news? Browse our blog for up-to-the-minute information on the digital currency market.

Crypto Banks Are About to Flip Traditional Banks

No, the successful trader is not me. I’ve gotten lucky a few times and I’m still refining and trying out strategies; on the other hand, I’m part of communities of people who trade on a daily basis to grow their portfolios, and while some of the results can be attributed to luck, a majority of it is based on fundamentals, good habits, and experience. The Result of Good Habits Miles is the co-founder of Pure Investments. In May 2017, he started off by playing with $1,000, which he accumulated through saving 10% of his paychecks for a while. Today, he is at $46,000; i.e., he grew his portfolio by 46x in less than a year. Similarly, after starting Pure Investments back in September 2017, Miles got one of his first community members, who goes by the pseudonym . When SP started, he put in $40,000. By January 2018, he had over $1 million (today it’s ~$800k due to the recent Bitcoin crash). SP on the Discord channel While markets like cryptocurrency are extremely volatile and all investors are subject to its price fluctuation including Miles, SP, myself, and you, good habits will help mitigate the losses and maximize profits. Nine Rules of Crypto Trading Please note that none of this is investment advice. Invest at your own risk! During the recent crash in January 2018, hobby-investors got burned. Reports of frustration and losses came at the . While the rules are in more particular order of importance, it’s safe to assume that this is the most important rule, the rule to rule the rules. As soon as your money is converted into cryptocurrency, consider it lost forever. There is absolutely no guarantee you can get it back. Losses don’t simply come from dips in the market; e can mean you’ll never see any of your money again. If you are investing money you can’t afford to lose, you need to take a step back and re-evaluate your current financial situation, because what you’re about to do is an act of desperation. This includes: using credit cards, , applying for loans, or (as glamorous as that sounds). Only invest what you can lose. cost of broken monitors, smashed laptops, and heavy monetary losses xtraordinary factors such as hacks, bugs, and government regulation taking out mortgages selling everything and traveling the world Most altcoins (every cryptocurrency except Bitcoin) are pegged more closely to Bitcoin than Asian currencies were to the USD during the Asian Financial Crisis. If Bitcoin price pump drastically, altcoins price can go down as people try to exit altcoins to ride the BTC profits; inversely, if Bitcoin prices dump drastically, altcoin prices can go down, too, as people exit altcoins to exchange back into fiat. The best times for altcoin growth appear when Bitcoin shows organic growth or decline, or remains stagnant in price. Always pay attention to Bitcoin. While the potential to earn more is increased with the amount of money you invest into a coin, the potential to lose more is also magnified. Another way to think about it is to look at the cryptocurrency market as a whole; if you believe that this is just the beginning, then more than likely the entire market cap of cryptocurrencies will increase. What are the chances that this market cap increase will be entirely driven by one coin vs. being driven by many coins? The best way to safely capture the overall growth of cryptocurrency is to diversify and reap the benefits of growth from multiple coins. Also, fun fact — Between January 2016 and January 2018, Corgicoin has increased by 60,000x, and Verge has increased by 13,000x. During the same period, Bitcoin has increased by 34x. While you would have gotten impressive gains from Bitcoin, expanding into other coins could have landed you potentially larger ones. Never put all your eggs in one basket. Diversify. No one ever lost money taking a profit. As a coin begins to grow, the greed inside us grows along with it. If a coin increases by 30%, why not consider taking profit? Even if goals are set to 40% or 50%, you should at least pull out some of the profit on the way up in case a coin doesn’t reach the goal. If you wait too long or try to get out at a higher point, you risk losing profit you already earned or even turning that profit into a loss. Get into the habit of taking profits and scouting for re-entry if you want to continue reaping potential profits. Don’t be greedy. There are people in this world who would sell a blind person a pair of glasses if they could make money. Those same people play in the cryptocurrency markets and use every opportunity to exploit less-informed investors. They’ll tell you what to buy or claim certain coins will moon, just to increase the prices so they can exit. Due to the highly speculative nature of the cryptocurrency markets today, a good investor will always do his or her own research in order to take full responsibility for the potential investment outcome. Information coming from even the best investor is, at best, great information, but never a promise, so you can still get burned. Don’t invest blindy. This is a spot that people most frequently lose money on. A dash of manipulation, two tablespoons of media hype, a cup of CME and CBOE announcements, and a generous handful of FOMO drove Bitcoin prices from $10,000 to $20,000 in December. Since that time, Bitcoin fell to a low of $9,000 and is currently sitting at around $11,000. It’s easy to look back and say, “if only I waited one month, then I could’ve bought at $9,000 instead of waiting for Bitcoin to hit $20,000 again for me to break even.” But the reality is, the combination of 1) being greedy, 2) investing blindly, and 3) FOMO were likely large contributors to the purchase at an all-time-high. Even in the crazy world of cryptocurrency, if a coin pumps that quickly, it will correct — it’s a matter of time. Speculative pumps are almost always followed by dips. While trying to jump onto a train going full speed sounds like something straight out of a James Bond movie, I’m sure most of us can agree we would probably save some limbs if we just waited for it at the next stop. Don’t FOMO. In the process of your research, you’ll eventually realize you’re coming across a few different categories of coins. For some of them, you believe they have good teams, great vision, amazing publicity and a track record for successful execution. Great! Put these into medium or long-term holds and let them marinate into a delicious tenderloin. When the price dips, don’t even consider panic selling because anything in your medium or long-term portfolio should remain untouched for a set amount of time. BNB is a good example of a coin Miles considers a long hold. Recently, it dipped 20% for a while, and within our community, we witnessed some sell-offs to preserve investments. A week later, it jumped up almost 3x for a period of time. Categorize your investments and look at the long picture. Never accept a total loss. Always evaluate the situation and try to figure out why it happened. Take that experience as an asset for your next move, which will be better because you are know more now than you knew before. We all start off as amateurs, and we have all lost money throughout out trading experience. In his first month of trading, Miles went from $1,000 to $300. I’ve lost a lot by selling at losses inspired by fear. No one is perfect, no one wins every single trade. Don’t let the losses discourage you, because the reality is they’re making you better trader if you choose to learn from them. Always learn from your mistakes. For any coins not in your medium or long-term holds, always set stop losses. This is important for several reasons — the most obvious is mitigating your losses. But more importantly, you force yourself to decide on a point of acceptable loss, and because you now have a reference point, you are able to measure your effectiveness to keep or adjust for future trades. Sometimes, during a market dip, altcoins can plummet, and stop losses can lead to profitability by automatically selling for fiat that you can use to re-enter at lower prices. If you are doing any active trading, set stop losses. . Ticker symbols are not universal, and may vary from exchange to exchange in rare cases. Those cases, though, can come back to bite you. For example, Bitcoin Cash trades on some exchanges as BCH, while it trades on others as BCC. BCC is also the ticker symbol for BitConnect, . If you bought BCC under the impression was Bitcoin Cash, you would’ve lost a lot of money. EDIT: #10 Bonus (Suggested by @kerstenwirth ) — always check the ticker symbol which was recently outted as a Ponzi Scheme You Don’t Have to Go At It Alone While these rules are by no means the only lessons you need, they’re definitely a great starting point. Sometimes, though, things are easier said than done, such as watching your portfolio value plummet and still having the iron willpower of resisting the sell button. One of the best solutions I’ve found to this was to join a community of like-minded cryptocurrency investors. Educated and smart crypto-traders, as well as the community members, will all be there to support your efforts and will be holding with you in the rough times. On top of that, the cryptocurrency market travels at lightspeed compared to other markets. New coins enter the market on a daily basis (in 2016, there were about 550 different coins, today there are about 1,500), and each one has news every day. I’m not doubting your ability to consume and analyze news, but that level of information bombardment will always be more effectively consumed as a group. In these communities, you’ll see members link news and relevant articles about coins you’ve invested in and coins you’ve never heard of. The community will definitely expand your knowledge much faster than doing it all yourself. The Pure Investments community, as well as many other communities out there, have a free and paid membership. The paid membership is similar to the free one in that each one can access the community, but the paid one has more hands-on guidance from the analysts, and you can learn more through the education sections. Want to reach out to me by phone? Chat with me: _Entrepreneur. Cryptocurrency Thought Leader, Trader, and Mentor. Top 50 Bitcoin Influencer on Medium @WandererLi_clarity.fm Kenny Li — Bitcoin and Blockchain If you enjoy my article and want to keep up with my current and future ones on cryptocurrency investing, please follow my , and as always, if you have any questions you can always ! Medium page DM me on Twitter _Showing that it isn’t too late to get into the cryptocurrency market, using myself as a guinea pig._www.medium.com Kenny Li - Medium _Bitcoin is a worldwide cryptocurrency and digital payment system. It's the first decentralized digital currency. The…_hackernoon.com Bitcoin - Hacker Noon

9 Rules of Crypto Trading That Helped One Trader Go from $1k to $46k in Less Than a Year

The cryptocurrency world may look a bit complicated from inexpert eyes, but there are a lot of free tools to make it easy for everyone. You can find real-time information about prices, stats, events, maps, hacks, addresses, and much more for free. Do you already know where to look? In this exploration, we’ll unveil . Whether you're a seasoned trader or a curious beginner, these resources open doors to data-driven insights, enabling you to make informed decisions and stay ahead in the ever-changing crypto world. Let's check! over five essential digital companions that empower enthusiasts and investors alike to delve into the world of cryptocurrency data Prices and stats Likely the first thing that comes to your mind is the famous website (CMC), where you can see prices, percentages, volumes, supplies, charts, trending coins, and even some news. There are more options with their own set of features, though. For instance, on you can find coins and tokens organized by category (applications, consensus type, sector, and underlying chain), and other useful data like news, insights, reports, podcasts, and directories. CoinMarketCap CryptoSlate is another popular alternative. It’s very similar to CMC, and it has categories like CryptoSlate. However, CoinGecko it’s considered a bit more objective because CMC is fully owned by the exchange Binance, while CoinGecko is independent. To see even more data about a specific coin, could be your ally. It has the classic list by market capitalization, but you can see more stats and charts in every coin. That includes net worth growth, large transactions, concentration, volume by fiat currency, social media activity, development, real-time trades, and a forum. CryptoCompare Calendar and events There are numerous crypto calendars around, all similar but with their own features. partnerships, upcoming hackathons, conferences, digital events (AMAs, lives, etc.), forks, Initial Coin Offerings (ICOs), meetups, and more, depending on the chain and dates selected. They often show token updates, announcements, exchange listings, airdrops, releases, token burns, CoinMarketCap also offers a simple calendar, but there are other platforms specialized in it. They include CoinMarketCal, Coindar, and CryptoKal. In some of them, you can add your own events and customize your options. On the other hand, another interesting alternative is , a calendar to discover economic events worldwide that could affect the crypto market at a determined moment. They include a legend for low or high-impact events, central bank rates, and impact charts. CryptoCraft Chain explorers Transparency is a great advantage in public chains, so we can discover all data about crypto transactions —starting with their legitimacy. Even private coins have their own explorers for the involved actors to check, and we also have multi-currency explorers available as user-friendly and free-to-use websites. , and explore the intricate details of numerous networks. All of this from a search bar if you have specific data (wallet address, transaction hash, block number, token contract, etc.) or through a list of coins and categories for more general insights. By using these tools, anyone could trace transactions, inspect wallet balances, monitor network activity, delve into smart contract interactions (previously Blockchain.info) is probably the most used multi-chain crypto explorer, and also the first one of its kind. It works with Bitcoin, Bitcoin Cash, and Ethereum; and also includes prices, charts, last transactions and blocks, news, two types of hot wallets, and its own exchange. Other explorers offer more assets, though. Blockchain.com and including features for ERC-20 (internal tokens on Ethereum), ERC-721 (mostly NFTs), and ENS (domain names on Ethereum). Besides, it offers additional functions like an anonymous portfolio tracker, node explorer, news aggregator, chain comparing, and release monitor (calendar). is another popular option, working with at least 17 chains Blockchair Other options include , which supports 36 networks, and , which supports +120 networks in one place. The latter also provides services for developers, like APIs, subscriptions, and nodes as a service. OKLink TokenView Maps and databases These tools provide a dynamic overview of the global crypto landscape, offering a visual representation or quick list of For instance, in we can find a real-time map of Bitcoin nodes, and shows 34,400+ venues where to buy products and services with cryptocurrencies worldwide. nodes worldwide, shopping places, network activity, and other numerous projects and services. BitNodes CoinMap For their part, on websites like , we can find useful databases, services, and projects from different networks. Examples include cross-chain bridges (like ), staking services, scaling solutions, venture capital companies, OTC desks, lending and payment services, analytic tools, projects by ecosystem, news websites, and much more. is another directory, this one separated by categories. It also offers reviews, interviews, guides, and market updates. Decentralized Finance Counterstake CryptoAtlas Hacks + Scams Alerts Sadly, crypto hacks (but especially DeFi hacks) are quite common, and we should be prepared for them. Several tools could give us real-time alerts and insights about crypto hacks and scams. The first one we can mention is Twitter (X), where we can find the most recent news. The latter even has its own Chrome security extension ( ) for crypto activities. Accounts like , , and post valuable information in real-time. CertiK Alert Chainabuse PeckShield Alert AegisWeb3 In addition, we can find several databases that list crypto and DeFi hacks, including stolen funds, chain, type of issue, date, and other details. The by DeFiYield, , and the by the US Department of Financial Protection and Innovation (DFPI) are only some of them. They’re for already-done hacks, though. If you want to consult the trust level of a certain platform, coin, or brand, you can search on sites like and . Rekt database Rekt News Crypto Scam Tracker TrustPilot ScamAdviser Obyte Tools Of course, Obyte also has its own tools to explore relevant data and stats. We can mention first the data explorer , In addition, it’s also available a list of chatbots, polls, and a ledger timeline. All this data could help in the creation of smart contracts without coding. Obyte.io where users can find addresses for oracles (data feeds), internal tokens, attestors, Dapps, autonomous agents, and order providers. In contrast, developers also count on and documentation for starting. This includes several libraries, a headless wallet, an Oscript editor, an Autonomous Agents Testkit, and numerous guides to build in the Obyte ecosystem. A testnet is also available for developers and users alike to test the Obyte features without technical risks or real funds involved. several tools The website Separately, on , anyone can consult data about liquidity mining in Oswap.io and the distribution of rewards to liquidity providers. For more detailed information, of course, Obyte has its own where you can see the Directed Acyclic Graph (DAG) in real-time and search by unit, address, or asset (only for public tokens). Obyte Stats shows data like connected wallets, nodes, richest addresses, order providers, and transaction history. Liquidity Obyte ledger explorer Finally, we can mention the , the and the to discover guides, DAG concepts, specific features, releases, and announcements. Considering all the above, Obyte stands as a comprehensive and transparent ecosystem, offering numerous tools for users and developers alike to navigate the decentralized world without barriers. Remember, if you have suggestions or comments, you can contact us via or ! Obyte whitepaper Obyte Wiki, Obyte blog Discord Telegram Featured Vector Image by Freepik

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Cybersecurity, blockchain, and DeFi are burning topics in the technology world right now. In this interview, Benjamin Diggles, the co-founder and CRO of , sheds light on the various aspects of these topics and explains how Constellation Network is working to improve the current scenario in these respective technological sectors. Constellation Network Q1: Being in the blockchain and crypto space is not yet a common thing. There’s a story for how each one of us landed here. What’s your story and how did the idea of Constellation Network come into being? 20 years… that’s how long I’ve been in tech. For the last 10, my focus is on enterprise and big data. Prior to partnering with the other co-founders on Constellation, I was with Oracle and took an interest in what is called “Adaptive Intelligence” — which is really just a fancy way of saying system automation for a seamless user experience. It was during this time I met Ben Jorgensen while working on a personal project that required blockchain. Ben told me that “once you take the red pill, you will only see the world through decentralization.” Turns out, he was right. My personal intention of being an early pioneer in this industry is to give people a choice and bring them into the value exchange of markets that are largely being orchestrated by middle-aged institutions of control. Constellation came about by Wyatt, our CTO, recognizing the early limitations of popular blockchain projects and set forth to build a base layer solution that was open, scalable, and not laden with high transaction constraints. That said, it is more than just a focus on technology. Constellation is a response and acknowledgment of the power that is inherent in information and data. Our mission is to build a technological world where truth is apparent, power is fairly distributed, and reputation matters. We are building an ecosystem that expands the abilities of engineers and enterprises to invent and refine next-generation technologies by orders of magnitude. Q2: Constellation Network has its focus on data security for industries from healthcare to energy and beyond. How do the existing systems fail us, and how does blockchain fit in the picture? It’s pretty obvious that existing systems are failing us based on the growing number of security breaches and data leaks happening on a global scale. No matter how advanced a new technology is, if it is built on top of old, legacy architecture, it is at risk. And while it may seem like an almost impossible demand, we need a new internet or at least infrastructure that will offload mission-critical security activities to something more resilient. Answer: Centralized systems are too expensive and not fast enough to process, validate and manage the volumes of data required for advancing new solutions such as Robotics, Artificial Intelligence, and Machine Learning. An example would be self-driving cars that need to make quick decisions in the moment and don’t have the luxury of sending sensor data to a cloud server for validation. We need validation in the moment using edge computing which is an entirely new approach that Constellation solves for. Q3: There are multiple projects democratizing and securing data and decentralizing governance. Constellation Network is said to take a unique approach by implementing, directed acyclic graph, Hypergraph Transfer Protocol, and proof of reputable observations. For an average person’s understanding, how does this all tie together and work in the background? Constellation is a framework that allows everyone to build and conduct business on a blockchain. Existing blockchain technology does not support the speed, scalability, and economic incentive needed to build applications with robust business logic. Constellation is its own network and blockchain infrastructure. With Constellation’s L_0 state channel standard, you can define the rules of your business while tapping into Constellation’s Network, powered by rewards. Entrepreneurs building applications in any industry can add blockchain-like functionality and attach incentives to real-world business metrics and outcomes. Like WordPress, we provide an open-source framework with robust developer tools that anyone can build on. Constellation’s state channels are built on our L_0 standard. We provide data assurance tools and incentives while tapping into the unique capabilities of blockchain technology, providing immutability, security, auditability, and traceability. Constellation’s decentralized value-based network, called Hypergraph, is built for speed and scalability and leverages a reward layer that is used to maintain the network. Currently, Hypergraph supports millions of transactions a month and enables a feeless peer-to-peer network that is used to transport our cryptocurrency $DAG, which is validated by a reputation-based consensus. As a microservices framework on a network powered by rewards, advanced business logic and data can be connected to our feeless and scalable network, governed and optimized by mathematical proofs. Constellation is forging blockchain entrepreneurship through an ecosystem of businesses and state channels powered by $DAG utility. Constellation’s L_0 state channels are an evolution of smart contracts but provide robust business logic to create a new cryptocurrency standard, data assurance, traceability, and accountability to stakeholders. Q4: Currently, DeFi is a major part of the “decentralizing governance” movement. And so far, DeFi’s progress looks extraordinary. Where do you see DeFi headed next and how is it impact the entire decentralization of governance models? DeFi is heading towards transactional scalability and cross-chain interoperability. is a prime example where we will provide those bridges and functionalities. Additionally, new products will emerge stronger in this cycle like collateralized lending against crypto assets. In the future, people don’t really need to exit crypto to transact in the fiat world. This will usher in tremendous growth and liquidity beyond anything we have seen. With those new products, we will see legacy financial players move into the DeFi ecosystem bridging fiat on-and off-ramps to Defi. This will be an interesting yet challenging part as the existing governance models must withstand the forces of centralization when legacy money and power move into the ecosystem. Therefore, we anticipate these developments and adjust our governance to be agile and value based. Lattice Q5: Constellation Network also puts great emphasis on network scalability and near-zero fee transactions. On that note, what is your opinion on the speed of Ethereum and its rising gas fees? Where do you see things headed next for Ethereum? Godbless Ethereum for all that it has done for the blockchain industry. I feel it will always exist in some fashion but migrating out of technical debt on something foundational such as a base layer network is the kiss of death in technology. I believe Ethereum did a great job of capturing people’s imagination but there is no room in commercial use cases for high gas fees. Ethereum will continue to be a great sandbox for testing blockchain concepts and new crypto solutions but it’s a stepping stone. When people are complaining that it costs 3x more to trade an NFT than it’s valued, you can bet they have a competitive target on their backs. No matter how amazing the promise of a technology is, if it can’t scale, it can’t scale. Q6: Lastly, how do you see Constellation Network improving the DeFi space and making it more acceptable for the common people who today rely on our existing financial system? The Constellation Hypergraph delivers what no other crypto ecosystem can deliver: Speed and scalability while maintaining true decentralized consensus and governance. This means we will solve liquidity traps in case of black swan events making DeFi faster and safer. Right now your average user is priced out of DeFi due to tx fees. It’s an insider play that is only accessible to people who already accumulated considerable wealth. We are talking hundreds of USD to send a single transaction within the DeFi ecosystem. The Hypergraph thereby solves for end-user adoption by being a feeless and fast infrastructure. We also protect users against front-running and massive arbitrages currently being the norm in DeFi. Even more, the Hypergraph is the first true Layer 0 protocol in the industry making atomic swaps and cross-chain data and value transactions not a dream but a reality. The L_0 standard on the Hypergrgaph will connect all native blockchain ecosystems securely with each other. Constellation will be launching several products that will make it easy for people to interact with our holistic ecosystem. For example, Stargazer wallet is a chrome extension that allows users to store multiple native assets in one place. Stargazer will allow the purchasing of DAG with a credit card as well as swapping cross-chain assets through our Lattice exchange. Lattice exchange will open up the full suite of blockchain (financial) products to users: APY, lending/borrowing, NFTs, L_0 tokens, cross-chain liquidity, business incubation. Additionally, users will have access to our partners and their yield-generating products in one place. Disclaimer: The sole purpose of Unhashed is to unhash (decode) information about projects innovating using blockchain and cryptocurrencies and share it with the community. The writer does not have any vested interest in any of the projects covered herein. Not that this article shares any, but still, taking investment advice from strangers on the internet is not a wise thing to do.

Anything Built on Top of Legacy Architecture is at Risk — Unhashed #4

Predicting and rationalizing the factors that influence the price of cryptocurrencies remains one of the holy grails of the crypto-asset market. The new asset class has proven resilient to many traditional quantitive financial analysis methods and traditional technical analysis is pretty much a joke when comes to the crypto space. Not surprisingly, every week we get disproportional amount of failed predictions about the price of cryptocurrencies from chartists that keep trying to apply vanilla technical analysis methods to the cryptospace. I am not a fan of technical analysis but, even if you are, you can agree that it might need some refinement to apply it to the cryptocurrency space. The fundamental challenge of applying quant techniques to crypto-assets is that we have no clue about the factors that influence their price. Crypto-skeptics like Jamie Dimon and Warrant Buffett will claim that the only factor influencing the price of cryptocurrencies is what other people are willing to pay for it [ We know that’s mathematically and factually wrong but that’s a story for another day]. On the other side, most crypto-analyst have strong intuitions that there is a correlation between the price of cryptocurrencies and market factors such as the behavior of fiat currencies, commodities and specific groups of stocks. Little has been done to validate those intuitions statistically but they seem to make sense logically. Well. it turns out that those market intuitions might be completely unfunded following Nobel prize winners Daniel Kahneman and Richard Thaler like to call “The Illusion of Validity ” or what Nassim Nicholas Taleb often refers to as the “Narrative Fallacy”. This week, researchers from Yale University published . The paper’s authors, economics professor and economics Ph.D. candidate , sought to “formulate and investigate potential predictors for cryptocurrency returns,” according to the paper, and analyzed years’ worth of past price data for Bitcoin, Ripple and Ethereum. Specifically, the paper analyzes the correlations between the price of cryptocurrencies and four main factors that have been universally assume to play a role in their prices: one of the most comprehensive studies I’ve seen about the factors that influence the price of cryptocurrencies Aleh Tsyvinski Yukun Liu a) Stocks b) Fiat Currencies c) Commodities (non-durable consumption growth, durable consumption growth, industrial production growth, and personal income growth) d) Macro-economic factors To save you the pain of reading until the end of this article 😉 let me advance you the conclusions. The Yale research study produced two major findings: There is no statistically consistent correlation between the price of cryptocurrencies and the price of stocks, currencies, commodities or macro-economic indicators. There are two cryptocurrency-specific factors that seem to be highly influential on the price of crypto which the researchers called “momentum” and “investor attention effect”. Cryptocurrencies and Stocks The determine the correlation between cryptocurrencies and stocks, the Yale research paper rely on different variations of the which attempts to predict the price/risk of equities that follow normal portfolio theory. The model is named after professor Eugeme Fama who famously developed the “efficient market hypothesis” that has caused many dreams and nightmares in financial markets. The CAPM theory uses a series of indicators like SMB(Small Minus Big) or HML(High Minus Low) to calculate the exposure to equities to different types of stocks (small, medium large caps). You can read about all those factors CAPM Fama model here… The following table shows the analysis of Bitcoin prices across all the CAPM-Fama models. The study show that different cryptocurrencies show different and no statistically significant levels of correlation with stock portfolios. For instance, Ethereum seems to move closer to growth firms while Bitcoin seems more correlated with value firms and, in neither case the correlations were significant. Cryptocurrencies and Fiat The Yale study evaluate the correlation of cryptocurrencies prizes with five major currencies: Australian Dollar, Canadian Dollar, Euro, Singaporean Dollar, and UK Pound. In this case, the statistics are even more conclusive showing that the alpha factor correlating the assets barely moves as the following table shows: Cryptocurrencies and Commodities The study then moved to analyze the price of cryptocurrencies correlated with commodities such as gold, platinum or crude oil. Another strike out. With the exception of some minor exposure to Ethereum to the price of gold, there was no apparent correlation between cryptocurrencies and commodities. Cryptocurrencies and Macro-Economic Factors Finally, the study considered how macro-economic factors such as non-durable consumption growth, durable consumption growth, industrial production growth, and personal income growth could impact the price of cryptocurrencies. Another shocker. For Bitcoin and Ripple, all of the exposures are not statistically significant. For Ethereum, notably, the durable consumption growth factor has a significant loading. What is it Then? If cryptocurrencies don’t respond to the behavior of stocks, commodities, fiat and macro-economic factors, what influences their prices then? The Yale study identified two main crypto-specific factors that seems to be highly correlated to the price of cryptocurrencies. Cryptocurrency Momentum Momentum is a classic factor in almost every relevant asset class in the market. Conceptually, momentum quantifies the propensity of an asset to increase in value after it experience minor increases. In simple terms, _“If things go up, they continue to go up on average, and if things go down, they continue to go down,”. ._The report found that if the price of bitcoin increased sharply over a week, it would be likely to continue to increase for the following week. The research study found that momentum is a strong factor to predict the price of cryptocurrencies. For Bitcoin daily returns, the current return positively and statistically significantly predicts 1-day, 3-day, 5-day, and 6-day ahead returns. A one standard deviation increase in today’s return leads to increases in daily returns by 0.33 percent,9 0.17 percent, 0.39 percent, and 0.50 percent increases at the 1-day, 3-day, 5-day, and 6-day ahead returns, respectively. Investor Attention No research study is going to convince that hype doesn’t play a role in the price of cryptocurrencies. There is no need. Tsyvinski and Liu found the amount of interest and hype around cryptocurrencies, measured by investors searching and posting online, was a significant predictor of price movements. To be nice about it, they called this factor the “Investor Attention” factor (I would have called it differently for sure). The following matrix correlates the price of Bitcoin with Google searches. For weekly returns, the Google search proxy statistically significantly predicts 1-week and 2-week ahead returns. A one-standard-deviation increase in this week’s searches leads to increases in weekly returns of 1.84 percent and 2.30 percent at the 1-week and 2-week ahead returns. Finally Some Statistical Rigor At the moment of writing this, we are still going thru the math published in the study to evaluate some of the concepts but the results make a lot of conceptual sense. Cryptocurrencies are a new asset class different from existing asset classes. As a result, the price of behavior of crypto-assets is correlated to a new set of factors. The study shows that those factors tend to be crypto-specific and not related to the overall market. Momentum and Investor Attention are just two of hundreds of quantifiable factors that play a role on the price of crypto-assets but its nice to finally attach some math to the madness.

Adding Math to the Madness: The Most Important Research Study on the Price of Cryptocurrencies Has…

Singapore-based business consulting firm Agile Dynamics Tech, recently published its first state of blockchain report titled “Disrupt and Innovate: Harness The Power of the Blockchain.” The report is a examining the potential of growth markets, the need for technology , the trends and implementation challenges of blockchain technology as well as its key benefits. 94-page feasibility study sovereignty By design, it is divided into nine parts, namely, introduction, background, the context, global megatrends, use cases mapping, the technology, implementation challenges, key benefits, and conclusion. This article presents a comprehensive overview of the report by appealing to the carefully selected data, the core references, and the far-reaching conclusions therein. It is aimed at introducing the readers to a plain-sailing version of the report as it is a simple guide to it. Introduction The report begins with an executive summary stating that: “growth markets would benefit from skipping current solutions and adopting upcoming technologies like IoT and 5G”. By implication, it views as part and parcel of a slew of emerging technologies with the ability to change the world and it is pointed out that its adoption by the growth markets of Africa, Asia, and Latin America can be hugely beneficial”. blockchain technology However, it takes exception to every growth market having its own protocol. This, it is argued, is due to the different opportunities that are present in each market and the peculiar challenges they face. Ultimately, it is succinctly remarked that “the decision to create a new blockchain protocol would depend on various factors such as market needs, resources, and potential for scalability”. layer 1 blockchain Background This section offers a detailed illustration of the evolution of blockchain technology and by dividing it into the following four stages: the inception stage(1997-2013), the experimentation stage(2014-2017), the take-off stage(2018-2019)and the mainstream adoption stage(2020-2025). Based on the estimated year of the ‘last stage” it is argued that we are currently witnessing the mainstream adoption phase. smart contract TIMELINE AND HISTORY OF BLOCKCHAIN TECHNOLOGY Moreover, various data pointing to the market size of blockchain technology, and a graphical illustration of its different layers are provided to help the readers better understand its vast potential. The Context The potential of the growth markets of South America, Asia, and Africa to gravitate toward innovation and economic and technological sovereignty is broached in this section. This is accompanied by selected data from the United Nations Population estimates and projections which form the basis for a growth market analysis of the global economy by 2030. Two additional references that lend credence to this projection are the ones by TripleA mapping the adoption rate of growth markets and the projection of their GDP by 2030. INNOVATION, ECONOMIC AND TECHNOLOGICAL SOVEREIGNTY ARE THREE PILLARS OF STRIVING NATION However, this conclusion is followed by a caveat: “If Africa, Latin America, and Asia fail to innovate, it is likely that their growth markets will stagnate or even decline over time. Innovation is crucial for economic growth because it drives productivity, creates new industries and jobs, and fosters competition. Without innovation, these regions may struggle to keep up with the rest of the world in terms of technological advancements and could fall behind in global trade and investment”. Global Mega Trends Nine blockchain trends of 2023 that owe their rise to the cost-effectiveness of blockchain technology are identified in this section. These trends include security tokens, blockchain-as-a-service, blockchain consortia,fiat-crypto-exchange, asset tokenization, data marketplaces, decentralized ecosystems, interoperability, and blockchain for IoT. What follows is a set of data credited to Agile Dynamics Tech Research comparing the top ten game-changing technologies and describing blockchain as more cost-effective than any other technology in this category. TEN GAME-CHANGING TECHNOLOGIES SHAPING THE WORLD IN 2023 AND BEYOND Accordingly, the cost-effectiveness of blockchain technology is especially true for the growth markets of Africa, Asia and Latin America because there are no entry barriers when compared to cost-prohibitive industries such as AI, robotics, and genetic engineering. Use Case Mapping The various use cases of blockchain technology are illustrated in this section. The Technology An in-depth explanation of the components of blockchain technology is presented. Starting with its four main drivers which are decentralization, distributed ledger, programmable logic, and digital signatures, it is stated that the value proposition of blockchain depends on the type of network it runs. This is especially true for public blockchains where central institutions give way to their individual consumer, causing a rapid value shift from centralization to decentralization. Furthermore, the applicability of blockchain in operations, IT/MIS, finance, sales and marketing, and risk management mostly points to efficient data management and other key benefits. Blockchain’s architecture, mainly consisting of the different consensus mechanisms, the scalability trilemma, the need for a standard regulatory framework, and a comparative analysis of leading protocols(0&1)are thoroughly examined in succeeding pages. Finally, an overview of the design criteria of a Next Gen Blockchain is aptly illustrated having defined it as “a permissionless, decentralized, and scalable blockchain protocol focused on interoperability challenges”. BLOCKCHAIN TECHNOLOGY MATURITY JOURNEY MODEL Implementation Challenges This report identifies and examines six implementation challenges affecting the widespread adoption of blockchain technology, namely: the lack of awareness, organizational difficulties, culture change, regulations, security and privacy, and cost-efficiency. This follows the logic in the conclusion that “blockchain Technology implementation is about 80% business process change and 20% technology implementation.” Key Benefits In a survey of 800 respondents conducted by Agile Dynamics Tech Research, 73% of the respondents indicated that the reduction of operational costs is one of the key advantages of blockchain technology. This penultimate section discusses the key benefits of leveraging blockchain technology with practical examples of how its adoption can hugely benefit organizations, governments, healthcare service providers, financial institutions, and supply chain management. The key benefits discussed in this section are speed and efficiency, cost reduction, smart contracts, innovation, trust, and improved financial processes. Conclusion The mantra of Agile Dynamics Tech is “build your own”. This concluding part emphasizes the need for growth markets to build a more scalable, interoperable layer 1 network as doing so “could offer significant advantages” in onboarding users and tackling the scalability trilemma. Creating the next level of Internet infrastructure to meet the needs of developing markets presents a distinctive opportunity for the technology and leadership communities of the growth markets nations to work together for the greater good. Featured image source.

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