For years, tribalism has plagued the blockchain industry. Developers align to specific consensus protocols and defend technologies that use them, regardless of their limitations. These deeply rooted divisions are slowing the innovation needed to scale blockchain for future adoption. The enterprise market is only beginning to understand the promise of blockchain, and that promise will be difficult to achieve until blockchains can communicate and cooperate with each other. To achieve this, developers, companies and hobbyists alike must be able to leverage every platform without being locked into one simply because the platform developers are not working together. Blockchain can bring …
Consensus, a major global cryptocurrency and blockchain-focused event, is another industry conference that had to change its plans due to intensifying coronavirus fears. In line with the increasing number of industry events being delayed or canceled in response to the coronavirus outbreak, Consensus will not be hosting a conference in New York this year. Consensus 2020 will be hosted in virtual reality at no charge However, that doesn’t mean that Consensus 2020 will not happen. According to an official March 13 announcement by Coindesk, the industry publication that coordinates the event, Consensus 2020 will now be a “completely virtual experience,” …
Web Summit 2021, the biggest tech conference in the world, kicked off on Monday in Lisbon, Portugal, and will last until Nov. 4, 2021. In an opening statement, Carlos Moedas, the Mayor of Lisbon, said that "My dream is that Lisbon will be the capital of innovation in the world." Meanwhile, João Leão, the Minister of Finance of Portugal, stated: "Portugal is the country people come to invest, to do business and to look live, and to do so in a manner that is open to different cultures." Notable guest speakers included Facebook whistleblower Frances Haugen, Black Lives Matter co-founder …
Rounding up the last decade, Ethereum co-founder Vitalik Buterin revisited his predictions made over the years, showcasing a knack for being right about abstract ideas than on-production software development issues. Buterin started the Twitter thread by addressing his article dated Jul. 23, 2013 in which he highlighted Bitcoin's (BTC) key benefits — internationality and censorship resistance. Buterin foresaw Bitcoin’s potential in protecting the citizens’ buying power in countries such as Iran, Argentina, China and Africa. However, Buterin also noticed a rise in stablecoin adoption as he saw Argentinian businesses operating in Tether (USDT). He backed up his decade-old ideas around …
The crypto market has entered a bearish phase as prices of major cryptocurrencies have fallen to a four-year low. The current downturn in the crypto market has driven several crypto firms to go out of business, while many have made severe job cuts to remain afloat. The crypto market crisis began with the Terra debacle that saw $40 billion in investors’ money vanish from the market. At the time, the crypto market showed good resistance against such a massive collapse. However, the after-effects of the collapse had a greater impact on the crypto market, especially crypto lending firms, which many …