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Reviewing EarnBet – A Decentralized, Profitable, and Fun Cryptocurrency Casino

Introducing EarnBet

EarnBet represents the world’s first fully-decentralized casino, featuring a series of highly-entertaining and profitable games. The casino has a highly advantageous house edge, a generous welcome bonus, a profit-sharing philosophy, and provably fair wagers that are recorded on the blockchain network. 

Overview of the Impressive Game Catalogue

To ensure an exciting and profitable gambling experience, EarnBet has contracted the services of professional game developers. Each title is well-optimized to guarantee an appealing fun factor. Here’s a brief overview of EarnBet’s main games:

Dice

Dice games were directly responsible for popularizing cryptocurrency casinos. EarnBet offers a fantastic dice gaming interface that promises great odds. Users can easily control their winning chances and potential pay-outs. Furthermore, the dice game is provably fair and has been audited for fairness by a blockchain professional. The starting house edge is 1.5%, yet it can be reduced all the way down to 0.5% by staking BET tokens. No other casino features a house edge this low. 

Players can either bet on-the-go or rely on the automatic betting mechanism. Simply set up a few parameters and watch your luck! 

Blackjack

Blackjack lovers will surely enjoy EarnBet’s game, as it’s easy to play and has favourable odds. It features the casino’s lowest house edge, which is why hundreds of users play the game on a daily basis. 

Baccarat

Baccarat is yet another popular card game, offering a stylish and enjoyable gameplay interface. The gameplay is easy even for beginners, as the casino provides a thorough overview of the rules. 

Crash

Crash is a next-gen title in which players bet against a time-based monetary multiplier. The key here is to cash out and stop the exponential curve before it crashes. This game offers unparalleled returns since the multiplier can increase considerably. As the multiplier increases, the curve is more likely to crash. As such, this is a game of risk and profit management. 

To deal with potential connection issues, an automatic cashout can be set up. The game also offers an automated bet interface. 

HILO

Last but not least, players can access HILO – a popular card game where you bet on whether the next card in the deck will be higher or lower than the one in-hand. 

Welcome bonus and jackpot

New users are given a generous welcome bonus of $50 worth in BTC when making a deposit above $50. 

EarnBet loves big wins! Players can try their luck at the jackpot bonus. To enter, simply tick the jackpot box when betting on any of the supported games. Each time you bet, a small commission will be taken and added to the jackpot pool. To win the bonus, you’ll have to roll ‘7777777’. At press time, the jackpot is estimated at over $71,000. 

Supported Deposit and Withdrawal Methods

EarnBet supports cryptocurrencies exclusively. Users can deposit and withdraw over 13 different coins, including BTC, BCH, ETH, LTC, LINK, BNB, XRP, WAX, EOS, TRX, USDT, USDC, and DAI. 

There are no minimum transaction requirements, and EarnBet does not ask users to pay any additional deposit or withdrawal fees. 

BET Tokens and Dividend Payments

BET tokens are attributed every time you place a wager. These tokens can then be staked to obtain dividend payouts. That’s right, EarnBet has a profit-sharing philosophy. The casino’s profits are distributed to players based on their number of staked BET tokens. 

BET can also be staked to secure a lower house edge. The more you stake, the lower the house edge you’ll get. For instance, a level 10 staker can obtain a 1% deduction on all games except for blackjack, which already has an industry-low house edge. 

Wrapping It Up

Based on these aspects, EarnBet is an excellent choice for gamblers worldwide. Customers can access great games, crypto-based payments, a generous welcome bonus, as well as a reduced house edge, and profitable dividend payouts. Don’t miss out and give it a try!

Disclaimer: This is a sponsored article and contains positive statements about the future. Make sure to do your own research! Crypto-News.Net is not liable for any losses that may result from your interaction with this content.

Source: Crypto News

Legendary Hedge Fund Manager Says Bitcoin Is the Ultimate Inflation Hedge

Paul Tudor Jones says investing in Bitcoin is an inflation hedge with intellectual capital behind it

Key Takeaways:

  • Paul Tudor Jones has been actively investing, trading, and managing billions of dollars since 1980. 
  • Reuters has described him as a legend of macro traders.
  • Paul Tudor Jones is a “single-digit” Bitcoin investor and his investment has gained 42% in value since May 2020.
  • The hedge fund manager says investing in Bitcoin is an inflation hedge with intellectual capital behind it.

Billionaire hedge fund manager Paul Tudor Jones appeared on CNBC’s “Squawk Box” on Oct. 22, where among other topics, he also discussed Bitcoin. 

Last May, Paul Tudor Jones made a single-digit investment into Bitcoin, and he backed up his decision by saying that he likes Bitcoin even more now. 

The legendary hedge fund manager compared Bitcoin to being an early investor in a tech company. However, instead of betting on humankind’s ingenuity and entrepreneurialism, with Bitcoin, you bet on humanity’s fallacies to keep on creating inflationary economics. 

Talking about Bitcoin, he said:

“…you’ve got this group, that’s by the way, crowdsourced all around the world, that are dedicated to seeing bitcoin succeed and it becoming a commonplace store of value and transactional to boot. I’ve never had an inflation hedge where you have a kicker, that you also have great intellectual capital behind it, so that makes me even more constructive on it.”

He wrapped up his segment on the cryptocurrency by saying, “I think we are in the first inning of Bitcoin.”

Bitcoin has gained 42.126% since May 7th, when Paul Tudor Jones made his “single-digit” Bitcoin investment. In more recent times, Bitcoin’s price has grown by 21% in the past two weeks, and it is continuing to rise alongside uncertainty as we approach Election Day on Nov 4th.

Source: Crypto News

The Future of the Data Economy is Here: Filecoin is Live

Just today, Filecoin launched its mainnet, according to a press release shared with Crypto News. The company hopes to enable users around the globe to store, request, and transfer data securely.

Filecoin is an open-source, decentralized network, that leverages data marketplaces to provide users with storage services. It hopes to revolutionize the $46 billion cloud storage industry by providing a better service.

So far, during the 2 month-long test phase the Filecoin network managed to secure more than 600 Petabytes of data. According to the company, the collective data volume is expected to grow to 175 zettabytes in the next 5 years, and 93% of the data currently being produced is not stored anywhere.

Filecoin hopes to change the narrative and provide solutions that will enable the decentralized web to grow, prosper, and move beyond the TCP/IP protocols and establish a new pathway for growth.

Regarding the mainnet launch, Juan Benet, CEO, and Founder of Filecoin, said, “It’s been a long road, but paradigm-shifting technology takes time, effort, research, and collaboration. I am extremely proud of the Filecoin community, the many teams of scientists, builders, miners, and users across the globe, persevering in their vision for a better internet. The internet is humanity’s most important technology, it’s our shared nervous system — our shared brain. Most of our lives exist online — it’s where we work, play, and learn together — but the foundations are fragile. Right now the internet is in the middle of a revolution, and, with the launch of Filecoin, it is beginning the transition back to its decentralized roots so we can all work together to safeguard this valuable resource for the world. Here’s to a better web and a brighter future.”

Whether this will become a reality, only time will tell, however, since Filecoin is open-source, their contributions will benefit everybody, especially if they are successful in establishing new standards and protocols.

Source: Crypto News

Filecoin Liftoff – Celebrating Launch with Global Tech Innovators

To celebrate the launch of Filecoin, the organization is hosting an event called Liftoff Week, according to a press release shared with Crypto-News. Liftoff Week will bring together technology leaders to discuss the future of the internet and work together to make progress on data preservation issues.

It will happen from 19th to 23rd October and engage attendees with talks, workshops, and panels curated for the web3 community. According to Filecoin, anybody interested in an open, resilient, and decentralized future for the internet will extract value from the event.

The event will bring together renowned speakers from the field of cryptography, information preservation, DeFi, and cryptocurrency to discuss ideas and solutions that will lead to a fully decentralized internet. Notable participants include:

  • Joseph Lubin, CEO and Founder of ConsenSys
  • Brewster Kahle, Internet Activist and Founder of the Internet Archive
  • Dan Boneh, Co-Director of the Stanford Computer Security Lab
  • Emma Cui, Founding Partner and Chief Executive Officer at LongHash Ventures
  • Wendy Hanamura, Director of the Internet Archive
  • Jonathan Dotan, Stanford’s Center for Blockchain Research

Each of the five days the event takes place will have its own theme, and the agenda shared with Crypto-News is as follows:

  • Monday 10/19 – All Systems Go: a long-term vision of Filecoin and overview of the vibrant ecosystem
  • Tuesday 10/20 – Mine: focus on mining Filecoin the key to taking back control of our digital future
  • Wednesday 10/21 – Build: developers focus talks and workshops, and dive into the stack that will help you make your own decentralized apps
  • Thursday 10/22 – Store: discover the remarkable content-
hosting tools on Filecoin
  • Friday 10/23 – The Future: an overview of how the web 3.0 revolution can takeoff

Individuals and companies that are interested in the future of web3, can register to attend for free, or they could organize their own sub-event together with the Filecoin team.

Filecoin is a decentralized network that enables users to leverage verifiable marketplaces and store, request, and transfer data. It’s an open-source solution that recently launched its own token, and leverages two unique proof systems called Proof of Spacetime (PoSt) and Proof of Replication (PoRep) to create an efficient and reliable solution.

Filecoin competes with similar solutions in the industry such as Storj, IPFS, Sia, and Swarm.

Source: Crypto News

A Short History of Decentralized Exchanges And The Future

Decentralized exchanges (DEXs) have been experiencing unprecedented trading volumes in the past few months as more and more crypto investors are moving away from centralized trading platforms to more secure, decentralized alternatives. 

While most decentralized trading currently occurs on the Ethereum blockchain, it is becoming increasingly evident that the future of DEXs will not be exclusive to Ethereum. Scalability issues, lack of clarity, and expectations regarding ETH 2.0 and the lack of layer 2 adoption contribute to a situation where the ecosystem can’t move forward.

Decentralized Trading: Then and Now

In the early days of DEXs, decentralized trading was slow, clunky, and virtually only reserved for the very tech-savvy. The first real use case for DEXs emerged during the ICO boom in 2017, where they became a go-to source of liquidity for newly-issued tokens that were not supported by major exchanges. 

Investors looking to exit positions in unsuccessful ICOs typically opted for DEXs to sell their holdings as top-tier exchanges were usually not an option. 

Following the ICO bubble bursting, DEXs evolved to become more user-friendly, secure, and a popular choice for Ethereum token holders to convert digital assets. 

Fast-forward to today, and we have DEXs with incredibly user-friendly UIs that anyone with basic knowledge of using an Ethereum wallet can utilize to exchange one token for another. Privately, securely, and seamlessly – just as the luminaries of decentralized trading had envisioned it. 

Moreover, DEX Aggregators have emerged to allow traders to source liquidity from a wide range of decentralized trading venues using one single interface. According to crypto research firm Messari, around 20% of DEX trading volumes now comes from DEX Aggregators, highlighting the strong demand for easy access to liquidity in the DEX landscape. 

However, a new challenge appeared on the DEX scene in 2020: ballooning Ethereum gas fees.

The Unchained Future of Decentralized Trading

The DeFi boom of 2020 has shown that the current version of the Ethereum protocol is struggling to cope with the high number of transactions, resulting in elevated gas fees and slow transaction times. With normal transactions regularly costing more than $10 in gas fees, decentralized trading has become too expensive on Ethereum for many market participants. 

Sophisticated smart contracts often cost more than $100 to execute for the most menial of combinations. If you are going to enter a super complex position, it may cost thousands of dollars. Yield-farming and other hyped-up activities are consistently producing immense pressure on the Ethereum Network.

Therefore, decentralized finance protocols are increasingly looking towards other blockchains – such as Binance Smart Chain or EOS –  that may be more suited to handle high transaction volumes. In light of these trends, the future of decentralized trading is poised to become multi-chain. 

In a multi-chain DEX landscape, crypto investors will be able to deposit an Ethereum-based token and then trade it against tokens across several blockchains. For example, an ETH holder could convert his Ethereum token into BNB, running on Binance Smart Chain, which then automatically settled into his Binance Smart Chain-supporting wallet. 

Fixing the issue via multi-chain solutions

What if there is a way to take advantage of all of the great things about Ethereum, involve other blockchains, and remove all current weaknesses, all while keeping everything on-chain and free? 

Enter ZeroSwap, a project that promises to deliver exactly that.

This on-chain trading protocol claims to have developed a methodology that will enable liquidity mining, DeFi Token Offerings, and DEX aggregation, across more than one blockchain, all at zero cost per transaction.

It’s still experimental, but it might just work!

Bitcoin was an experiment, Ethereum was an experiment, and Ripple unfortunately still is an experiment. The point is, we don’t know how things are going to turn out, mainly because everything is driven by the choices made by the community.

DeFi happened because of the community and any changes moving forward will happen because of the community accepting and using solutions. Whether it be layer 2 adoption or wrapped ETH and DeFi tokens that will be the next thing, we can’t really predict. 

What we can say is that we like the idea of free gasless transactions, and ZeroSwap is promising. The project is partnered with Elrond, Covalent, and Frontier for now, and is expecting its token launch via Uniswap and Mooniswap. Liquidity will be added and anybody can pick up the tokens as they desire. 

ZeroSwap has been marketed as a “Unanimous governance mechanism to adapt decentralized network changes over time,” however we will have to wait and see how they decide to implement these systems. 

Most DAOs at the moment use DAOstack, Aragon, or Moloch as their platforms on which they are created. 

Not much is known about ZeroSwap’s intentions regarding the governance side of things, however, they have raised $2.2 million from investors to work on the project and they are providing liquidity to a trading pair on a decentralized exchange. What could go wrong? 

The best thing you can do, if you find this project interesting is to visit their official website and make a decision for yourself.

Disclaimer: This is a sponsored article and contains positive statements about the future. Make sure to do your own research! Crypto-News.Net is not liable for any losses that may result from your interaction with this content.

Source: Crypto News

Discover The Most Promising Crypto Investments Today – CryptoTotem Review

At one point in time, everybody knew what the next crypto investment opportunity will be, but this is no longer the case. Thousands of promising cryptocurrency projects are released every year. It’s no longer a question of missing out, but rather of never learning about the best projects.

Crypto investors should leverage powerful tools and discovery engines such as CryptoTotem to understand the marketplace and find the hidden gems. With this service, you no longer have to scroll through Twitter waiting to be shilled on. You can take project discovery into your own hands using their simple and effective website.

What is CryptoTotem?

CryptoTotem lets you quickly compare ratings by leading research agencies and form your opinion. The site offers the latest and comprehensive details about each project to make your job easy. You can do your research on CryptoTotem and find the best deals to focus on. You will find all the relevant information quickly, and the most up-to-date database you will come across online. As an investor or crypto enthusiast, you don’t have to wait to find a profitable deal.

Crowd Sales: Find Profitable Crypto Projects

As we said earlier, there are hundreds of blockchain startups in the market. Finding the right company to invest is not an easy task. You may very well choose the wrong ICO and lose your money. What do you do then? Are you looking for more crypto projects? Then, it would help if you had sound research to find the best solutions.

CyrptoTotem crowd sales are your gateway to the top-rated projects in the market. You can track the best TGE (Token Generation Events) with ratings from various agencies, and each project has a detailed overview and gives you all the information you need.

You can even see the roadmap and other critical details needed for your research. Apart from ICOs, you can get your hands on top-rated projects in DeFi or releasing via STO or IEOs.

You can search for startups using various filters for more convenience. The site lets you sort by industry, ICO status, and more. You can also get a brief description of each project on the list with ratings earned from agencies.

CryptoTotem gives you the knowledge you need for sound investments. You can save your time and quickly track the top and lowest-rated projects. This way, you know which one is lucrative and the ones to stay away from, saving you time and money.

Additionally, all information is up-to-date.

Crypto Calendar

New and innovative projects are released every day in the crypto market. However, not all of them are worth investing your time in.

CryptoTotem Crypto Calendar is your home to upcoming ICOs, DAICOs, STOs, ETOs, or IEOs. You will see each project listed chronologically with essential information. The details contain the rating of each project so that you don’t even have to click unnecessarily.

The overview even mentions the industry for super convenience. This helps investors who want to put their money only on chosen areas according to their preferences. Additionally, you can also access projects coming to an end by clicking the “Ending” tab.

The upcoming and ending blockchain startups calendar is a great way to track the best solutions in the cryptocurrency market. You don’t need to search or find out companies that are releasing ICOs or IEOs individually. The site lists all startups with dates so that you can save your effort.

The calendar also helps investors keep track of ending crowd sales.

If any project is not able to collect funds, the startup returns the money to the investors. You can follow the calendar and see if any of your investments feature on the list.

Top Crypto Exchanges: Your Guide to the Best Exchanges

Crypto exchanges help you buy and sell cryptocurrencies. There are several crypto exchanges, and new ones are coming out every day. Each exchange is unique in the way it functions, features offered, trading fees, and more.

Additionally, some exchanges are geared for traders, while others might be suitable for quick crypto-to-fiat conversions.

It would be best if you chose the right crypto exchange based on your needs. If you’re a trader, you will indeed look for perks like free withdrawals and low fees. On the other hand, offering your preferred cryptocurrency pair is also essential.

CryptoTotem Top Crypto Exchange page lets you find the best cryptocurrency exchanges out there. You can read detailed reviews of promising exchanges with information about:

  1. Trading fees
  2. Deposit and withdrawal limits and methods
  3.  Features and security
  4. How to open your account
  5. How to trade
  6. Affiliate programs

It’s straightforward to learn everything you need to decide the right exchange for your needs. Additionally, you can find the best exchanges on the same page without visiting any other website. The reviews also come with images to help you understand how the exchange works or performs.

Add Your Crypto Project

Are you ready to get investors for your crypto project?

CryptoTotem is not only for investors but also for promising startups to list their projects. You can add your startup and get a ready base of investors without any effort.

CryptoTotem makes it easy to submit your project. You can fill in the essential details and drag-and-drop files to add your logo or roadmap. The site lets you add IEOs, ICOs, STOs, DAICOs, and ETOs in minutes.

Being on CryptoTotem is a great way to increase exposure. If you have a good rating, you can reach hundreds of investors that use the site to find profitable projects. Be sure to provide an excellent overview to increase visibility on the search engines.

Moreover, being featured on the site adds to your credibility. Investors will be more likely to choose your project if it appears as top-rated on CryptoTotem.

Final Thoughts

CryptoTotem is an excellent tool in the hands of crypto investors. You can use different ways to track the best crypto startups to get a good profit. All information you need is available along with ratings from research agencies for sound research. You can save your time and reduce your effort by using CryptoTotem’s information to make informed decisions. Along with that, you can even keep track of the best upcoming TGE and top crypto exchanges. The site is unbiased and works in the interest of its users.

Disclaimer: This is a sponsored article and contains positive statements about the future. Make sure to do your own research! Crypto-News.Net is not liable for any losses that may result from your interaction with this content.

Source: Crypto News

Looking at Realio – Project Review

In a world filled with equity and multiple opportunities, investing has become quite a daunting task for most people. This is partially attributable to a mismatch between the equity holders’ desires and the kind of investment opportunities prevailing in the market. Complicated market structure, illiquidity, strict regulatory environment, and distrust have made it difficult for ordinary people to make valuable investments.

Financial institutions, regulators, and consumer agencies have tried various approaches to bridge the gap by making investment opportunities more suitable for private equity. However, these initiatives have fallen short of the expectations, with investors still approaching the market with a considerable degree of caution. Unfortunately, this has been normalized, leading many investors to miss out on several opportunities to grow their wealth.

Realio will unlock value in the private equity landscape.

Realio is a next-generation investment platform that is focused on empowering investors through disruptive technology. The platform employs a novel approach to investing that exposes ordinary investors to previously inaccessible private investment marketplace. This is achieved by creating digital issuance, new investment channels, and repackaging financial products and services.

Realio leverages financial technology to capture value in the private investment marketplace and blockchain technology to create the digital rails that make such instruments accessible by the public. This will pave the way for a frictionless, transparent, and highly liquid market where investors can interact and exchange value seamlessly. Realio’s initial focus is unlocking value in the global private real estate sector, estimated to be over $7 trillion. Additionally, the platform will offer its users credit investment opportunities, access to liquidity, and decentralized finance (DeFi) products globally.

Asset tokenization to address issues in the real estate sector

Blockchain technology allows Realio to tokenize real estate assets by creating their virtual representation on a decentralized ledger. This ‘simple’ digitization of support will help Realio overcome various challenges bedeviling the real estate sector.

Firstly, it will enable fractional ownership as various investors can purchase a piece of any property by its acquiring tokens. This will help tackle the illiquidity problem and lower the barriers of entry for potential investors that would otherwise be reluctant to make long-term investments. Moreover, it makes it easier to cash out by merely trading the tokens on an exchange.

Secondly, tokenization increases transparency since all tokens are generated via smart contracts and all transaction history recorded on the publicly accessible blockchain. As such, the tokens are a more secure and less risky investment than Real Estate Investment Trusts (REITs) that are synonymous with fraudulent activities.

Thirdly, tokenization helps investors maneuver around complex legislation as Realio ensures the tokens are compliant with financial regulations. As such, users can trade their assets and even conduct cross-border exchanges without any legal complications. 

Realio platform features and functionalities

Realio has built a robust infrastructure with several features that support its multiple-functionalities. The Realio platform acts as a one-stop-shop offering these solutions:

Realio Network

A chain-agnostic issuance network built to facilitate regulatory compliance in decentralized systems. It enables interested parties to create and issue tokens in an investment-friendly environment. They facilitate asset tokenization, KYC/AML compliance, and p2p secondary market trading, among other functionalities.

Realio Tokens

The platform has three native tokens: RIO, rUSD, and RST. RIO is the Realio blockchain’s native cryptocurrency that fuels its activities, such as paying fees. rUSD (RealioUSD) is the network’s issued stablecoin used for custodial services or trading on their exchange, RealioX. RST is a hybrid digital security with multiple functionalities like node staking, voting rights, and profit-sharing.

RealioX

This is the platform’s in-built decentralized exchange that supports both P2P and OTC trades and atomic swaps.

Realio Wallet

A truly multi-currency wallet that supports both cryptocurrencies and fiat currencies. Verified users that have met KYC/AML requirements can deposit USD directly from their banks and credit cards.

Recent developments indicators of Realio’s bright future

Realio is destined for a bright future with its new developments helping the project make significant strides towards achieving its vision.

On Sept. 3, the project announced a beta version of their cross-chain bridge that enables RIO holders to move and use their tokens on the Algorand and Ethereum blockchains. This capability is a game-changer in the blockchain space as it allows for the hosting of a single token across multiple platforms. 

Developers within the space have struggled with creating interoperable systems that support cross-chain communication. Therefore, this achievement by the Realio project is a significant feat that opens up new possibilities for decentralized technologies. Most importantly, it places the Realio platform in a premier position of leading future developments around interoperability. 

The cross-chain capabilities have opened multiple opportunities for Realio token holders. Being a multi-chain asset, RIO enables them to participate in the very lucrative DeFi market. Holders can conduct cross-chain swaps to move their tokens to the positively charged Ethereum DeFi space with high returns. With the RIO-ETH UNI-V2, rUSD-ETH UNI-V2, and rUSD-RIO UNI-V2 pools set to be created, RIO holders can make extra earnings as liquidity providers (LP) on Uniswap.

Realio support across other chains is growing steadily with cross-chain swaps further extended on the Stellar, Fusion, and Ravencoin networks. The cross-chain swaps also present an extra dimension of flexibility with users able to choose what functions to conduct on which network. Such versatility has been lacking in the blockchain space, and Realio is set to herald a new way to interact with decentralized technologies.

On Sept. 19, it was announced that OKEx had over 150 million OKB staked since the successful launch of their liquidity mining project with Realio. The initiative allows OKB holders to stake their tokens to mine RIO tokens for free without restrictions on a minimum stake or time. This initiative was well received with RIO price surging 13.75x following the announcement. The overwhelming support signifies a positive outlook for the Realio project.

The Realio team is steadfast and continues to work behind the scenes to deliver even more significant developments that will propel the network to even greater heights. 

Disclaimer: This is a sponsored article and contains positive statements about the future. Make sure to do your own research! Crypto-News.Net is not liable for any losses that may result from your interaction with this content.

Source: Crypto News

Ethereum contenders 

Ethereum started the DApp revolution with its innovative blockchain technology and features. As DeFi gained traction, Ethereum naturally became the de facto platform of choice for its various tools and projects. But it continues to wear down due to DeFi’s unprecedented continuous growth and its own inability to scale up linearly. Ethereum’s plan to tackle the issue by shifting from Proof-of-Work to the much more scalable Proof-of-Stake has also been delayed. This created the opportunity for new blockchain platforms to support the ever-increasing demand.

A couple of projects showed so much potential in attracting DeFi apps and projects that experts naturally wondered who would be the “Ethereum Killer.” But as much as it sounds exciting, proving to be one by dislodging the juggernaut is a whole other ball game. 

Rather than going into all the technical nitty-gritty of such projects, the article will focus on their general outlook. This will paint a much clearer picture of the present DeFi space. Let’s check the current status of a few projects worthy of earning the Ethereum Killer badge – two early and two current contenders.

EOS – The ‘Almost’ Ethereum Killer

The blockchain project was launched with high hopes directly challenging Ethereum on smart contracts and DApps front. But since then, the initial gas has faded, and the current status doesn’t inspire confidence. Many developers, including EOS tribes, one of the significant block EOS producers, have decided to leave the platform due to the alleged lack of proper decentralization. In November 2019, EOS lowered its once-famous bandwidth by several degrees because of network spam connected with the EIDOS tokens mining. 

Defiprime data showcases that the EOS platform claims 22 projects out of the 214 DeFi listed there. But not all of them attract a significant number of users. Popular website DappRadar reports that only four major EOS-based DApps are drawing any sizable traffic.

  • Equilibrium –Universal interoperable DeFi hub
  • Vigor Protocol – P2P lending platform
  • Chintai – Token leasing platform
  • EOS Microloan – Platform offering microloan

However, tracking over the last 30 days of data reveals the following EOS DeFi apps gaining huge volume – 

  • Defibox – One-stop DeFi application platform
  • Dmd.Finance –  First EOS-based yield farming platform
  • DeFis Network – An open financial network integrating multiple DeFi protocols

B2B FinTech is another exciting project with potential. It is a service provider for issuing, managing, and secondary trading of securities.

Tron

The DeFi world may have found a real Ethereum killer in Tron – at least seemed that way, thanks to the aggressive marketing skills of its founder and CEO, Justin Sun. He is pushing Tron to become the market leader riding in the present direction of DeFi.

However, it’s been clear for some time that the project is becoming an excellent example of marketing far outshining its technological achievements. 

Tron’s primary achievement so far would be the release of over two billion highly liquid USDT stablecoin of TRC-20 standard in its network. Another widely welcomed move from users’ standpoint is free USDT transfer between most large and mid-sized exchanges – an action may not be in the business’s best interest.

DappRadar’s Tron-based project list indicates about three important DeFi projects –

  • JUST – A financial ecosystem offering asset lending and management setup. The JUST token IEO was held by Poloneix in February this year.
  • Zethyr Finance –. A lending platform offering TRX and other TRC-20 token-based coins for loans. It is the first DeFi on Tron.
  • Oikos.cash – A synthetic asset platform like Ethereum-based Synthetix

A few new projects like Sun, Unifi Protocol, or SharkTron have generated substantial volume in the last 30 days.

The Kava Project

On the other hand, Kava is a recent DeFi project and has shown a lot of potentials. Built on Cosmos SDK, it is a cross-chain platform for DeFi. It uses the Tendermint Proof-of-Stake consensus mechanism to bring linear scalability features to the project. Kava launched its mainnet on June 10, 2020.

Kava’s core functionality is similar to that of MakerDAO – releasing its USDX stablecoin by locking assets as collateral. However, it can add up various crypto coins from independent networks such as Binance through the Cosmos zone. In particular, Binance Coin (BNB) is a natural choice, since both Binance and Kava employ Cosmos SDK allowing easy integration. This multi-coin asset collateralization allows for interoperability. Additionally, Kava plans to use XRP, BTC, and ATOM as collateral assets. For network governance, it uses a token dubbed Kava.

Like Ethereum, Kava is stressing on composability. It aims to become a DeFi hub for Cosmos’s model of hubs and zones. Thanks to Kava’s architecture, developers can easily port Ethereum-based DeFi projects like Augur and Compound to the Cosmos blockchain.

Algorand

Algorand is another blockchain 3.0 project making its presence felt in the DeFi space. It’s an asset issuance and management platform focused on developing enterprise-grade infrastructure and ecosystem. 

It employs the Pure Proof-of-Stake consensus algorithm to bring high scalability, speed, and security. Algorand has intelligently implemented most of its essential features such as ASA, smart contracts, Atomic swap on layer-1 – going further ahead in the race to become an Ethereum killer for DeFi. The periodic upgrade is Algorand’s forte, as evidenced by adding stateful smart contracts to its stateless version.

In 2020, both Tether and Circle launched their stablecoins (USDT and USDC) on the Algorand platform. IDEX has also added Algorand to develop its next-gen DEX services. Some of the other critical DeFi partnerships are as follows – 

  • Marshall Islands’ CBDC – Algorand is the infrastructure platform of choice to develop the country’s Central Bank Digital Currency
  • IBMR.io – Using Algorand’s powerful tokenization system, it’s creating a microfinance system for South Asia’s urban working class.
  • Meld – Offering stablecoin over Australia’s gold assets through tokenization.
  • Republic – Offering digital securities on the platform.

The increasing presence of DeFi collaborations in its long list of partnership projects indicates Algorand’s growing popularity.

Conclusion

As much as it sounds exciting, being an Ethereum killer is difficult (but not impossible), primarily because Etherem had a significant head start. So, for now, the term implies challenging Ethereum on equal footing. Though earlier projects may have failed to live up to the hype (for now), several new projects with real potential have emerged. But one thing is confirmed – growing DeFi applications will eventually create such DeFi-centric blockchain 3.0 projects.

Source: Crypto News

Gemini Review

Gemini, or Gemini Trust Company LLC, is a digital currency exchange platform that allows online users to buy, sell, and store digital assets. In 2016, Gemini became the world’s first licensed ether exchange and is widely known throughout the cryptocurrency universe ever since.

Founded in 2014, by twin brothers Cameron and Tyler Winklevoss of Facebook fame, the Gemini exchange is based in New York and available in almost all US states, as well as various countries around the world. It offers crypto to fiat payments as well as a BTC/ETH market. As one of the most respected and secure exchanges worldwide, Gemini prides itself on “[build]ing products that are simple, elegant and secure” to help both individuals and institutions enter into the world of cryptocurrency.

The company has four pillars designed to guarantee consumer trust and create a platform that users can believe in completely. A focus on product, security, licensing, and compliance allows users to get the most out of the platform without having to worry about safety and other risks generally found on various crypto platforms. Gemini believes they should be “asking for permission, not forgiveness,” and always put the consumer first. Last year, Gemini was awarded “Best Crypto Exchange” by the 2019 Markets Choice Awards; previously they attained an AICPA certification for being the world’s first SOC 2 Type 2 crypto exchange and custodian.

Advantages of the Gemini Platform

Gemini is different from other exchanges, primarily due to its regulatory compliance. As the first US exchange officially licensed for both ether and bitcoin trading, it aligns itself with many financial and legal institutions, giving it legitimacy and making it an overall trustworthy platform with much appeal.

Streamlined and Simplified

Gemini’s registration process is quite straightforward, and the platform’s interface is easy to use. To sign up, users simply input their personal information and create a password. Once signed up, Gemini leads the user through a three-step identity verification process which then allows them to link their bank account, fund their wallet, and start trading. Of course, there is a learning curve, but Gemini has features that make the process easier—some of these include the ability to set recurring buys and dynamic price alerts, a “Buy the Cryptoverse” option for one-click bundled buys, withdrawal address whitelisting, and easy downloadable account statements and transaction histories.

Safe and Secure

Built with a “security-first” mentality from day one and as it is a New York trust company, the New York State Department of Financial Services provides regulation and follow capital reserve requirements, cybersecurity requirements, and banking compliance standards set by New York Banking Law. Their three leading principles are: defending against external threats, protecting against human error, and guarding against misuse of insider access. With its use of multi-factor authentication, secure “hot (online) wallets,” multi-leveled cold (offline) storage, encrypted accounts, and full reserve separation to keep customers’ money separate from the company’s, Gemini is one of the most secure platforms out there.

Large Customer Support Focus

Gemini prides itself on putting its customers first. This year, they launched an educational campaign called #crypto20in2020 to educate the general population about cryptocurrency and make it easier to understand. Recently, the platform has also integrated Trading View on its platform. This gives users access to real-time data charting information that can help ensure better use of the exchange. Additionally, they have created an ever-evolving mobile platform to appeal to younger generations.

Disadvantages of the Gemini Platform

Although a top contender in many regards, Gemini is not without its own set of controversies, including the debate about whether or not cryptocurrency should be highly regulated and has faced critique.

Limited Availability of Cryptocurrencies

Compared to other crypto platforms of a similar size, Gemini has a tiny number of available cryptocurrencies. The top two cryptocurrencies, bitcoin, and ether, can be traded, but other popular coins are not available due to their inability to prove themselves as fully established and trusted coins. Although this is not too big of a deal for many, it does limit the markets that Gemini users can enter.

Technological Issues

The exchange has previously had trouble staying online during high traffic periods. This has included outages from overload as well as various performance issues.

Few Payment Options

For the time being, purchases are not allowed via credit card, debit card, cash or cheque. Customers must link their bank account to the platform and initiate a wire transfer instead. This is for safety, but some users may find it inconvenient. If an international user wants to use Gemini, they face a more difficult time transferring their money between accounts as everything must be in USD currency.

Gemini’s Future

Gemini believes that crypto is a movement and not just another form of technology. In the future, they hope that crypto will “redesign the internet, our financial systems, and money in a way that protects the rights and dignity of the individual.” With this belief, they hope to make significant contributions to the future personal freedoms that the world will adopt.

The founding brothers’ goal of creating a fully regulated and secure bridge between the crypto and fiat worlds is lofty, but perhaps a golden opportunity. Recent scams and hacks have left other platforms floundering as they struggle to assure customers of their safety. If Gemini continues to garner consumer support, they have the chance to remain one of the top exchanges in the crypto world as they expand their reach to even more countries.

How Revain Can Help

As a feedback platform, Revain works to help investors understand which trades are right for them. The authentic and factual reviews found on Revain help crypto enthusiasts work through the pros and cons of the different cryptocurrency exchange platforms. To guarantee the accuracy, reviews are blockchained, and they AI filtration system weeds out fraudulent information.

The platform is a win-win for everyone—reviewers are awarded RVN tokens for quality reviews and companies can get their names out to the public. Revain is the best place to find a community dedicated to creating a database of accurate and helpful feedback so that the crypto community can continue its efforts to revolutionize the way we all think about money in the future. 

Disclaimer: This is a sponsored post and Crypto-News.Net does not guarantee content accuracy for this page. Readers should do their own research. The website will not be held responsible for any direct or indirect losses caused by your use of this page’s content.

Source: Crypto News

DXdao Announces “Rails” a Layer 2 Solution For Ethereum

DXdao and Loopring collaboration Layer 2 solution “Rails” claims to be Ethereum’s upcoming gasless infrastructure. Rails is a payment solution that enables the effortless transfer of ETH and ERC20 tokens between users on the protocol.

It leverages Loopring’s zkRollup and Relayer API to facilitate non-custodial transfers via MetaMask. DXdao is responsible for ensuring the efficient operations of the frontend.

Rails’ release is imminent, set to happen in the near future, however, no clear date has been provided by DXdao. The product itself can only process deposits, withdrawals, and transfers at this point, however, according to DXdao, this is just the beginning.

After Rails is launched, it will serve as the foundation for creating a network of products and services that users can use for inexpensive experiments and value transfers.

Ethereum’s unsatiable DeFi hunger resulted in a highly volatile transaction market, causing gas prices to spike up to 500 gwei. Even though costly gas prices smaller players out of the DeFi game, it’s undoubtedly good for the network. It attracts more miners, puts pressure on developers to find new solutions, and exacerbates the need for innovation.

Vitalik Buterin is the first among the “crypto elite” to highlight the fact that layer 2 solutions are readily available, and Rails is really just another choice in a sea of options.

In the words of Vitalik “We just need to use it.”

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Layer 2 integration in DeFi will eliminate a lot of the unnecessary costs associated with entering and exiting positions. Whether this is through Rails or another protocol, it doesn’t really matter in the grand scheme of things.

With Layer 2, DeFi will involve 2 gas transactions, entering, and exiting the marketplace. Market efficiency will improve and users will be free to move their assets as they desire, at near-zero costs.

Disclaimer: The author is biased on the project. Crypto-news.net is not responsible for any direct or indirect losses.

Source: Crypto News