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ulugkhanblog · 23 days

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The Future of Cryptocurrency Exchanges - Decentralized Vs. Centralized Platforms

Cryptocurrency exchanges are the portals through which investors and traders buy and sell tokens and coins. Typically, centralized exchanges are easier to use than decentralized ones as they have more user-friendly interfaces that make it simple for people of all skill levels to deposit and withdraw funds. They also usually have higher liquidity as they rely on order book matching technology, market makers and other mechanisms to help facilitate trades.

Centralized exchanges also have the added benefit of being regulated and adhering to strict compliance regulations, which makes them attractive to institutional investors who require that level of assurance. In addition, they are often required to conduct Know Your Customer (KYC) and Anti-Money Laundering (AML) checks in order to prevent money laundering, which is an important factor for many users concerned about the safety of their investments.

However, centralized exchanges are prone to a variety of security risks. For example, they hold the private keys to their customers’ wallets, which puts users at a high risk of losing their assets if the exchange is compromised or hacked. Furthermore, the primary goal of centralized What is techogle? organizations is to generate maximum profits for their shareholders, which can lead to misalignment of user and company interests. This has led to the high-profile downfall of centralized exchanges like Voyager and Celsius, which used users’ personal information in an attempt to maximize their profit margins.

Decentralized exchanges, on the other hand, offer greater privacy and control for their users. For example, DEXs don’t store their customers’ wallets or private keys, so they aren’t susceptible to the same types of hacks that centralized exchanges are. Additionally, the lack of a custodial system means that DEXs are not required to comply with strict AML and KYC protocols, which can make them less appealing to institutions looking for a more secure platform.

Regardless of their differences, both centralized and decentralized exchanges offer a number of other unique benefits for their users. One of the most significant is the ability to access and trade non-fungible tokens (NFTs). NFTs are digital representations of real-world assets that can be traded as fractional ownership, allowing users to buy or sell them without technology news worrying about the asset’s price fluctuating. As a result, they have become a popular investment tool in the blockchain space and are expected to continue to grow in popularity.

The future of cryptocurrency exchanges will most likely see greater integration between traditional financial (TradFi) services and the crypto market, including fiat-to-crypto onramps and interest-bearing accounts. In addition, there is an anticipated rise in liquidity aggregation platforms that connect fragmented markets to provide better pricing and trading options for users. Finally, the integration of new cryptographic algorithms will enable more advanced features that will increase security and speed up transactions.

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oliverethanrobin · 3 months

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What is the difference between centralized and decentralized crypto exchange?

The realm of cryptocurrency exchange development has birthed two distinct paradigms: centralized exchanges (CEXs) and decentralized exchanges (DEXs). These two models diverge significantly in their structure, operation, and underlying philosophy.

In this blog, we aim to delineate the differences between centralized and decentralized crypto exchanges, shedding light on their respective merits and shortcomings within the landscape of cryptocurrency exchange development.

Centralized Cryptocurrency Exchanges (CEXs):

Centralized exchanges operate like conventional financial institutions, except that trading activities are monitored and facilitated by a central organization or intermediary. By depositing their money into centralized wallets, users have to entrust the exchange with their money and give up ownership of their assets. As a custodian, the exchange looks after users' money and trades on their behalf.

Key Characteristics of Centralized Cryptocurrency Exchanges:

1. Centralized Control:

CEXs are governed by a company or organization that dictates the platform's policies, fee structures, and asset listings. As there is no direct control over the funds once deposited, users must trust the exchange to operate transparently and securely.

2. Custodial Wallets:

Funds in centralized exchanges are stored in custodial wallets controlled by the exchange. While this system provides liquidity and convenience, it exposes users to the risk of theft, hacking or mismanagement of the exchange.

3. Regulatory Compliance:

Regulatory compliance requirements such as Know Your Customer (KYC) and Anti-Money Laundering (AML) protocols are enforced by many CEXs. Although the goal of these safeguards is to stop illegal activities, they pose privacy issues and limit access to individuals who remain anonymous.

Decentralized Cryptocurrency Exchanges (DEXs):

Decentralized exchanges operate on blockchain networks, enabling peer-to-peer trading without the need for a central authority or intermediary. Trades are executed directly between users' wallets through smart contracts or other decentralized protocols, empowering users to retain control over their funds.

Key Characteristics of Decentralized Cryptocurrency Exchanges:

1. Trustless Trading:

DEXs facilitate trustless trading, allowing users to maintain control over their funds throughout the trading process. Trades are executed peer-to-peer, eliminating the need for a central authority to oversee or facilitate transactions.

2. Non-Custodial Architecture:

DEXs operate on a non-custodial model, where users retain ownership of their private keys and assets. Funds are never held in centralized wallets, mitigating the risk of theft, hacking, or mismanagement by third parties.

3. Permissionless Access:

Decentralized exchanges typically offer permissionless access, allowing anyone with an internet connection and a compatible cryptocurrency wallet to participate in trading activities. This fosters greater accessibility and inclusivity for users worldwide.

Conclusion:

In conclusion, centralized and Decentralized cryptocurrency exchanges represent different approaches to trading digital assets, each with its advantages and challenges.

While centralized exchanges provide convenience, liquidity, and regulatory compliance, they also introduce risks associated with centralization and security controls. Decentralized exchanges, on the other hand, prioritize decentralization, security, and user autonomy, although they face challenges related to liquidity, scalability, and user experience. The choice between centralized and decentralized exchange development ultimately depends on personal preferences, risk tolerance, and values within the cryptocurrency community.

#blockchain #crypto #nft #cryptocurrency #cryptoexchange #bitcoin #etherum

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jeremiahluiss · 3 months

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A Comprehensive Crypto Bookkeeping Software for Small Businesses

What is crypto bookkeeping software for small businesses?

Small firms that deal with cryptocurrencies can manage their crypto accounting procedures with the help of crypto bookkeeping software, sometimes referred to as crypto ERP software for small enterprises. Crypto accounting software simplifies every facet of crypto accounting and can interface with cryptocurrency wallets and exchanges.

The importance of choosing correct crypto bookkeeping software solutions

The speed at which blockchain technology is developing is largely responsible for the complexity of crypto account software. Blockchain networks that are already in place, like Ethereum, are continually being updated as new layers of scaling alternatives emerge. The underlying data sources for on-chain transaction data will alter significantly as a result of these advancements.

The amount of time chief financial officers must spend collaborating with accountants and auditors can be greatly impacted by selecting the appropriate crypto bookkeeping software.

What makes crypto bookkeeping software great for small businesses?

The following are some important factors to take into account while selecting crypto bookkeeping software for your small business:

Data coverage and quality

The three primary criteria of quality, coverage, and recency should be taken into account while assessing the data quality of crypto accounting software.

Determine whether the software covers all the data sources that are important to you, such as custodial accounts, non-custodial wallets, and blockchains, while evaluating coverage.

The majority of cryptocurrency accounting software supports whatever data source you ask for. It is important to keep in mind, though, that occasionally, getting a required data source—like a new blockchain network—to function can take a long time.

The inability of your project to spread activities across chains without creating new financial reporting issues could arise if it takes longer than a month to establish a new blockchain network.

You should be able to establish qualitative parameters in the system about the marketplaces you may access with suitable crypto bookkeeping software for small businesses. The system should then automatically make a decision based on qualitative characteristics like liquidity.

Transaction classification and reconciliation

You might be interested in purchasing crypto bookkeeping software and crypto AI that can distinguish between different blockchain events, like staking, minting, deposits, and withdrawals, as well as different asset classes or token types. Additionally, it should be able to streamline accounting for cryptocurrency wallets, where transactions may involve multiple inputs and outputs.

Accurately representing the various transaction kinds, such as recognizing smart contract activities like approvals or appropriately detecting gaps fees, is another feature of good crypto accounting software. In addition, they must be dependable and consistent in recording and handling cryptocurrency transactions, particularly those involving intricate situations like mining, staking, airdrops, forks, and exchanges.

Integration and scalability

The accounting and tax software you now use for your small business, like as QuickBooks Online, Xero, and Netsuite, among others, should be able to easily interface with good crypto bookkeeping software. This is so that, where feasible, on-chain transactions and assets can be automatically reconciled into your small business's primary ledger by means of crypto accounting software.

Reporting and analytics

Robust and adaptable reports and dashboards are essential components of good crypto accounting software; these aid in tax liability tracking, portfolio performance analysis, financial monitoring, and operational optimization.

In addition to providing a consolidated picture of account balances and cryptocurrency financials, excellent crypto accounting software should be able to record transactions from cryptocurrency exchanges and wallets in real-time.

Accounting methods and standards

Multiple accounting techniques, such as AVCO, ACB, LIFO, and FIFO, should be supported by excellent crypto accounting software. The most pertinent accounting rules and guidelines in your jurisdiction, such as GAAP, IFRS, or their regional counterparts, should also be followed.

With regard to ASC 820 and IFRS 13, excellent crypto bookkeeping software should also be adaptable enough to take into account differences in auditor opinions about access, cut-off, and other fair value measurement principles.

Need more information and help with crypto bookkeeping software?

Reach out to Entendre Finance today for more information and assistance with choosing the best crypto accounting software for your small business.

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bitcoincables · 4 months

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Bitcoin-Based DEX Portal Raises $34 Million to Develop Secure and Cheap Swapping Platform

A Bitcoin-based decentralized exchange (DEX) called Portal has raised $34 million in seed funding to develop its platform. The San Francisco-based startup aims to provide users with a quick, cheap, and secure way to swap Bitcoin for other cryptocurrencies without the need for a middleman. Unlike traditional crypto exchanges, DEXs like Portal do not require customer information, such as name, address, or ID, as they operate as peer-to-peer platforms.

Portal's goal is to minimize the risks associated with cross-chain bridges, which are commonly used in the decentralized finance (DeFi) sector. Cross-chain bridges, which allow users to transfer assets between different blockchains, have been vulnerable to hacks, resulting in the loss of $2.8 billion over the past 18 months, according to Portal CEO Chandra Duggirala. To address this, Portal plans to utilize secure and transparent Layer 2 atomic swap technology, which enables cross-chain swapping using cryptography and smart contracts.

In addition to the DEX, Portal intends to develop a non-custodial mobile wallet that integrates with the main platform. This wallet will allow users to send, receive, and store assets across blockchains directly from their smartphones. The $34 million seed funding round included participation from prominent investors such as Coinbase Ventures, OKX Ventures, and Arrington Capital.

To read the original article, click here.

#Bitcoin #DEX #DeFi #cryptocurrency

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threew-com · 4 months

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3W.com: Hybrid wallet creates a secure traffic entrance, and cutting-edge technology applications connect the virtual and real worlds

As a typical traffic entrance for most online services, especially financial business-related application scenarios, wallets are a technology track that leading financial technology companies have focused on in recent years, especially with the rapid development and widespread use of digital wallet technology. The wallet business market has gradually become a battleground for military strategists in the industry. 3W.com noticed that a fresh market news showed that Coinbase, the world’s leading digital currency trading platform, will launch its embedded wallet product as an enterprise-level solution, which will be powered by Coinbase’s “Wallet as a Service” Powered by technology that allows developers to create non-custodial white label crypto wallets. In fact, the embedded wallet that Coinbase will launch this time is already a relatively cutting-edge development and application exploration in this track, and is more suitable for the Web3 environment. Although Web3 has experienced rapid rise and dormancy in the past few years, it has gone out of a certain cycle. , but for the more “mainstream” ordinary people, the understanding of Web3 still lacks a clear outline. The two naturally have higher quality in terms of conceptual understanding, technical background and application accessibility. threshold. At this time, a special wallet with new technology functions becomes a pass for ordinary people in the real world to enter the novel world of Web3. It provides a suitable entrance for Web3 and becomes an important connection between the Web2 and Web3 environments. Through this wallet, users will be able to travel smoothly in the Web3 world and better protect the security of their assets. 3W.com is well aware that wallets not only undertake the function of managing assets in the traditional sense in the Web3 world, but also carry the mission of interacting between humans and the blockchain, and are an essential tool in the Web3 world. And if the wallet threshold cannot be lowered to the point where everyone can easily use it, it will be difficult for Web3 to be popularized. Even if innovative applications emerge in endlessly, it will be difficult to survive without enough users to support it. It can be said that without the existence of wallet products to lower the threshold of use, the cornerstone of the development of the Web3 world will not be stable. After the birth of Ethereum, wallets entered the era of smart contracts. In addition to the initial simple transfer and accounting functions, wallets can also interact with smart contracts. Currently, Web3 wallets have entered the era of multi-scenarios and can support multiple blockchains and It has the ability to manage different assets on multiple chains at the same time. The hybrid wallet product launched by 3W.com — 3W Wallet is one of the few mature application tools on the market that connects Web2 and Web3. It is not only the Web3 identity credential for users to participate in the interaction, but also the user’s legal currency assets and digital assets. A custody/storage account for all assets, capable of realizing diversified functions such as payment transfer, consumption, and transactions. Regardless of whether they are in a Web2 or Web3 environment, 3W.com users, including end users of C-side and B-side customers, can choose to use their blockchain wallet or legal currency wallet for credit card consumption according to their personal needs. Through the hybrid wallet application function of the 3W.com technology platform, all users can use decentralized wallets within the 3W.com platform application to deposit and withdraw cryptocurrency assets, NFT, etc. 3W Wallet uses ERC-4337 abstract account technology, so that users no longer need mnemonic words or worry about losing their private keys. They can use various services in the blockchain very conveniently and experience the wonders of the Web3 world.

#web3

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fantasticdinosauranchor · 5 months

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Comparing the Best Crypto Coin Platforms of 2024

Crypto coins and tokens are digital assets primarily used for monetary transfer, or as a store of value. Put simply, they are both currencies using blockchain technology at their base.

What Are Crypto Coins?

Coins refer to any cryptocurrency that has a standalone, independent blockchain — like Bitcoin. Put simply, if the cryptocurrency runs on its own blockchain, then it is a coin. This native coin is what you use for paying transaction fees and participating in the network.

Crypto Coins and Tokens: What Are they

Crypto coins and tokens are digital assets primarily used for monetary transfer, or as a store of value. Put simply, they are both currencies using blockchain technology at their base. But that’s largely where the similarities end. In fact, the tech behind coins and tokens are quite different.

What Are Crypto Coins For?

The Ethereum network is the second most popular blockchain in existence and it also supports the most tokens out of any other blockchain so far. While the Ethereum network’s native coin is Ether, it also supports lots of other Ethereum-based currencies that follow a specific standard called the ERC standard. To explain, there are multiple currencies (and other assets) on the Ethereum network that are not Ethereum’s native Ether and each of those assets are known as tokens.

Understanding Coins Vs Tokens

Crypto coins and tokens have a variety of use-cases and there is, of course, some crossover, with both coins and tokens having their uses as an exchange of value.

Crypto Coins and Tokens Vs Traditional Finance

The difference between these assets in traditional finance and DeFi is ownership. While your bank doesn’t give you true ownership of any of the assets you store in your bank account, your crypto wallet is built a little differently. Using a non-custodial wallet, you retain the ownership of the assets in your account. That means that whether you want to lend your Crypto Coin Platform or use them as collateral to borrow funds yourself, or even create a decentralised blockchain game, only you have custody of your assets.

Blockchain Technology

Ethereum 4.0: Continues to dominate with its robust smart contract capabilities and decentralised applications (DApps).

Binance Smart Chain 2.0: Offers fast transactions and low fees, attracting developers to deploy on its efficient blockchain.

DeFi Ecosystem:

Polygon (formerly Matic): Thriving DeFi ecosystem with a focus on scalability, offering a seamless experience for users and developers.

Cardano: Expanding its ecosystem with a focus on sustainability and decentralised finance innovations.

In summary

In the rapidly evolving landscape of crypto coin platforms, each contender brings unique strengths. Consider factors such as your project requirements, scalability needs, and the specific features offered by each platform when making a choice. Always stay informed about ongoing developments as the crypto space continues to innovate.

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ailtrahq · 8 months

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Earlier this summer, Binance was required to wind down operations in Belgium due to a warning from the FMSA, the country’s principal financial regulator. Previous Dispute With Regulator The FMSA’s warning was, according to the regulator, wholly unrelated to the legal dispute currently underway across the pond. Instead, the watchdog expressed concern over Binance’s practice of offering exchange services and hosting wallets in non-EEA countries – which opens the door to money laundering and other illicit activities, according to the FMSA. “Firms governed by the law of a country that is not a member of the European Economic Area are prohibited from offering or providing, within Belgium, by way of professional activity, […] exchange services between virtual currencies and legal currencies or custody wallet services. Failure to comply with this prohibition is subject to criminal sanctions pursuant to Article 136 of the Belgian Law on the prevention of money laundering and terrorist financing.” As a result, the FMSA ordered Binance to immediately halt operations in Belgium and to turn over all relevant cryptographic keys to local entities and customers. In order to continue providing services to Belgian users who wished to continue doing business with Binance, the exchange directed its customers to its Polish entity, which is fully registered with local authorities. Exchange Now Deemed Compliant However, this will no longer be necessary, as Binance has received the green light to operate within Belgium again. The Belgian branch of the exchange will now accept new user sign-ups and offer most services to clients who’ve agreed to the latest Terms of Service. Great news for our Belgian community 🇧🇪 We’ve now reopened registrations and access to #Binance products and services in Belgium. — Binance (@binance) September 25, 2023 It’s unclear exactly what changes were made to Binance Belgium’s ToS and internal workings in order to ensure compliance with Belgian authorities. Fortunately, a preliminary glance at the Belgian portal shows no major differences. It is highly likely that the main changes to the back end simply ensured custody of assets wholly within the EU. The platform’s reactivation is still underway, as some users have reported issues with the website due to geo-location. Although Binance has won a small victory by convincing local EU regulators of its compliance, the firm still faces an uphill battle in U.S. courts, where Binance U.S. and its CEO have been accused of improper conduct. Binance U.S. has already sought to dismiss all charges and is prepared for a long and arduous fight. Source

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cryptotechnews24 · 11 months

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Nike's .SWOOSH Collaborates with Fortnite for Virtual Sneaker Experience

Nike's Web3 community platform, .SWOOSH, has joined forces with the immensely popular online multiplayer game Fortnite to introduce a unique virtual experience. This collaboration brings an extensive audience to Nike's .SWOOSH, leveraging Fortnite's staggering user base of over 240 million individuals who have logged into the game in the past 30 days alone.

Airphoria: A Sneaker Enthusiast's Dream

One of the highlights of this partnership is the launch of "Airphoria," a joint effort between Nike, Epic Games (the creator of Fortnite), and the branded game builder Beyond Creative. Available exclusively within Fortnite until June 27, this island allows players to immerse themselves in a digital environment where they can earn coveted digital sneakers.

The Air Max 1 '86 Back Bling: A Reward for Players

Any Fortnite player who spends a minimum of 10 minutes exploring the Airphoria island will receive the Air Max 1 '86 Back Bling, a digital sneaker accessory. This exclusive reward can be claimed through Nike's .SWOOSH platform as an "achievement." It's important to note that achievements are non-transferable and lack monetary value.

Nike's Expanded Collaboration with Fortnite

The collaboration between Nike and Fortnite doesn't stop at the Airphoria experience. Nike has also introduced several other digital items in partnership with the game, such as the Airie and Maxxed Out Max outfits, which players can acquire from the Fortnite Item Shop. To enhance the overall gaming and sneaker collecting experience, players are encouraged to link their Epic Games and .SWOOSH accounts. By doing so, they gain priority access to a forthcoming .SWOOSH Air Max virtual collection. According to Epic Games, this account linkage enables seamless integration of virtual goods, including Fortnite skins and Nike achievements, across different platforms.

The Role of BitGo: Crypto Custody Provider

.SWOOSH relies on BitGo, a reputable crypto custody firm, as its third-party wallet provider. This partnership ensures secure storage and management of digital assets associated with Nike's .SWOOSH platform, including digital sneakers and other collectibles.

NFT Sneakers: Our Force 1 Collection

Recently, .SWOOSH introduced its inaugural collection of non-fungible token (NFT) sneakers called Our Force 1. Despite facing occasional delays, the collection achieved remarkable success, surpassing $1 million in primary sales. According to data from Polygonscan, the collection consists of 62,250 OF1 boxes, priced at $19.82 each. It's worth mentioning that the author of this article is a proud owner of one of these exclusive NFT sneakers. On June 15, Nike allowed NFT holders to unveil their digital collectibles, offering a glimpse into future rarity traits and potential utility. .SWOOSH emphasizes that certain Nike digital collectibles provide unique advantages, such as access to limited physical product drops, live experiences, video game integration, and more.

Expanding Digital Creations: Nike's Collaboration with EA Sports

In a bid to extend the reach of its digital creations, Nike's digital arm, Nike Virtual Studios, recently partnered with EA Sports, a renowned video game developer. Through this collaboration, digital assets from Nike's .SWOOSH platform will find their way into the EA Sports gaming ecosystem. EA Sports, a division of Electronic Arts, publishes popular games like FIFA and Madden NFL, among others.

Conclusion

The collaboration between Nike's .SWOOSH and Fortnite has created an extraordinary virtual experience for gamers and sneaker enthusiasts alike. Through Airphoria and other digital offerings, players have the opportunity to earn exclusive digital sneakers, with achievements and rewards accessible via .SWOOSH. Moreover, the integration of Nike's digital creations into the EA Sports gaming ecosystem promises further excitement and possibilities for fans of both brands. As Nike continues to expand its presence in the digital realm, it demonstrates a forward-thinking approach that bridges the worlds of fashion, gaming, and technology. For more articles visit: Cryptotechnews24 Source: coindesk.com

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hyperaiglobal · 1 year

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An open and shared AI metaverse ecosystem

HyperAI is an open and shared AI metaverse ecosystem based on AI, oracle, metaverse and Web3.0 technologies. In HyperAI Galaxy, global players jointly create, build and manage future galaxies. HyperAI provides users with an immersive participation experience. Users can use AI tools to create non-homogeneous tokens (NFT) such as raw materials, fleet ships, armor, equipment and planet decorations required for HyperAI galaxy construction, and deeply participate in the planet The development, pioneering, construction and expansion of galaxies will continue to promote the construction of galaxies, promote the development of galactic ecological civilization, and expand the network of galactic ecosystems.

At each stage of galaxy construction, users will be rewarded by the platform for every contribution to galaxy development. HyperAI will use the AI oracle machine as a trusted intermediary to automatically capture all data and information from the real world and other platforms, through high-precision calculations, and automatically conduct transactions between different platforms through cross-chain smart contracts. Obtain high profits and use these profits as rewards for users to build galaxies.

In addition, the HyperAI platform also provides users with digital wallets and asset custody investment services to better help users manage digital assets and enjoy the dividends of digital assets in the Web3.0 world.

With the advent of the era of AI and Web 3.0, HyperAI will integrate into scenarios such as metaverse, finance and digital governance, and use AI oracle, ChatGPT, machine learning and other technologies to create a digital space that is co-constructed, co-governed and shared by global users . Innovate revenue models with global users and share the dividends of the artificial intelligence era!

The emergence of HyperAI will create a brand new digital world, allowing users to create, interact and share in a virtual galaxy, breaking geographical and physical constraints, and promoting innovation and collaboration. With the continuous evolution of technology, HyperAI will continue to promote the development of Metaverse and AI technology, bringing more opportunities and benefits to users. Let us enter the galaxy of HyperAI together and create a digital future of co-construction and co-governance!

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defiest · 1 year

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Life DeFi - A new kind of money, Easy to Transact, Easy to Use, and Easy to Secure

Introduction

LifeCrypto is an innovative payment network that provides a single platform for transactions. The platform aims to provide seamless cryptocurrency payments and transfers with cross-chain (blockchain) exchange capabilities and globally consistent payment infrastructure – the LifeCrypto platform works by deploy new blockchain applications such as games, NFT and DeFi. The LifeCrypto infrastructure is intended to be the backbone to support cross-chain smart contract relationships between the LifeCrypto platform and a trusted ecosystem built by its dynamic community.

About Life DeFi Wallet

Life Defy Wallet is a highly secure and multi-chain, non-custodial wallet that allows users to trade digital assets via username. Users can exchange Life's native tokens for hundreds of different digital assets, enable/disable fiat ramps, buy and sell usernames and NFTs through local markets. Life Defy Wallet is on its way to becoming the most used app for everyone involved in cryptocurrency.

A few features of Life Crypto include:

Nickname, not address Life Wallet users can send crypto to other Life Crypto users by identifying the correct username. No need to remember complicated addresses.

Face ID Use your smartphone's biometric tool to access your wallet without entering a private key or password.

Instant Transfer Assets can be instantly transferred to Life Crypto at the fastest speed. Staking: DeFi services integrated into the wallet provide life tokens without connecting to a third service With an APR of up to 39%, Life Crypto offers significant savings compared to systems traditional savings and bank account purchases. Multi-chain: Running on both BSC and Ethereum smart chains, users can instantly switch between ERC20 or BEP20 LIFE tokens when they want to send tokens.

Debit Card The upcoming VISA/MasterCard debit card will allow users to spend their crypto assets without converting them to fiat, providing real crypto services to use use in the real world. With services that compete with the benefits of a centralized system, Life Crypto never holds users' funds and only token holders have access, thus bringing the best out of the world. both worlds.

The Life Token

LIFE tokens power the infrastructure currently built and trusted by our team from our partner ecosystem. The LIFE token is a fixed supply, ERC20 compliant token deployed on the Ethereum mainnet for several reasons, such as: The battle-tested security architecture of the Ethereum blockchain is the most popular among the open source community. ETH V2 is easily upgradeable with full release. Easily integrate with other EVM compatible chains to transfer or send and receive tokens such as Polygon/BSC/Cosmos SDK. Fast API services can be integrated by vertical partner ecosystems such as Blockchain Game, L2 State Channel, NFT Marketplace. Compatible with all L2 scale solutions with Ethereum DApp framework and token friendly compatibility. Listed on Uniswap, Ethereum, or another DEX/DApp running on an EVM-compatible chain.

Earning way from Life Defi Wallet

The LIFE wallet will have a clear advantage as it will be cross-chain compatible and support a large number of coins, allowing users to accept and transfer multiple cryptocurrencies with flexible usernames. LIFE is always the best choice in terms of speed, cost and reliability, thanks to an adaptive protocol that allows LIFE to connect to the most modern blockchain technology. Shop online, order food and send money to your contacts through Life Wallet.

Life Staking :

LIFE token holders can earn passive income by staking tokens on the site's best-in-class staking platform, as well as providing liquidity to future partner DEXs and LIFE's own DEX. The platform offers 30%, 35%, 39% APR for 1-month, 6-month and 12-month terms. Compare this rate with the rate on any bank account (paid over the next two years). The minimum bet amount is 10,000 and there is no maximum limit. See hourly rewards and withdrawal possibilities. Lock timer to see when your coins are free to move, users can bet multiple lock periods. At the end of the appropriate staking period, you will be able to withdraw the originally staked tokens with the amount received. Metamask, Trust Wallet or Ledger are examples of software or hardware wallets that can interact with ERC20 tokens, where you can store your life tokens. Gas payments require a certain amount of ETH in your wallet. Gas price will be calculated for each smart contract communication. For users to enjoy low transaction fees, the BSC network is a good choice and requires a small amount of BNB for your transactions.

Team

The Life Crypto team consists of experts with Oracle, Microsoft experience and extensive blockchain knowledge. Combining their knowledge, they understand the issues currently facing the decentralized industry and Life Crypto is the culmination of their efforts. Life Crypto has created a cryptocurrency ecosystem that offers banking and non-custodial services as well as DeFi in a traditional environment, opening up the possibility of turning crypto assets into real money. Immediately, everyone can use these services and enjoy the benefits of cryptocurrency

Conclude

So if you face any problem in this regard. You can feel free to contact me. So if you find this informative video. Subscribe to my channel and hit the bell icon button for latest updates. You can like and share. It is very simple and everyone can understand. This is a small demo, you need to watch this video till the end to get full information. So follow these steps.

MORE INFORMATION :

Website: http://www.lifecrypto.life/ Whitepaper: https://lifecrypto.life/wp-content/uploads/2022/01/LIFE-Whitepaper-3.0.pdf Twitter: https://twitter.com/LIFElabsHQ Telegram: https://t.me/LIFECrypto_TG Linkedin: https://www.linkedin.com/company/lifecrypto/

Author

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cryptometaversealerts · 1 year

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Magic Eden Launches Marketplace For Bitcoin Ordinals, Enabling On-Chain Storage Of Media Without Smart Contracts

Magic Eden, one of the largest cross-chain NFT platforms, has launched a new marketplace for Bitcoin Ordinals, a breakthrough project on Bitcoin’s blockchain that enables on-chain storage of media without the use of smart contracts. This development suggests that Ordinals tooling and infrastructure are spinning up quickly, and multi-chain moves are becoming increasingly popular among NFT marketplaces.

Key Highlights

The marketplace will integrate with two noncustodial crypto wallets, Hiro and Xverse, to allow users to process transactions.

The Ordinals marketplace launched with over 70 collections, and for its initial beta launch, Magic Eden selected 13 collections to partner with, including Taproot Wizards, Inscribed Pepes, and Bitcoin Bandits.

Magic Eden plans to focus on security and transparency while leveraging its brand, so people can feel safe when trading their Ordinals.

The marketplace uses partially signed Bitcoin transactions to enable permissionless swaps, rather than smart contracts, and there is currently no royalty support for the marketplace. However, Magic Eden is actively looking into the development of an on-chain, permissionless royalty standard.

Interest from creators will dictate the future direction for Magic Eden’s Bitcoin marketplace, and the limitations of the protocol suggest that it’s a better fit for some types of on-chain assets, like limited edition artwork, than others, such as large-scale video game NFT collections.

Bitcoin Ordinals are a relatively new breakthrough for Bitcoin, and their growth has been significant since the first one was inscribed in December. The total number of inscriptions surged from 679 to 240,000 between February 1 and March 1, according to data from Dune Analytics. Inscribing digital artifacts on Bitcoin provides a different value proposition than some other NFT chains, as it stays on every node forever, even if the apocalypse hits. The subsector is still discovering its product-market fit, but the growth of Bitcoin NFTs indicates that there is a market for people who want to own true digital artifacts or collectibles.

Magic Eden’s move to support Bitcoin Ordinals is a significant development in the NFT space. As a non-custodial marketplace, Magic Eden never takes control of assets being traded, and its Ordinals marketplace experience will be similar to what users experience on its platform. The marketplace launched with over 70 collections, and for its initial beta launch of the Bitcoin Marketplace, Magic Eden selected 13 collections to partner with, including Taproot Wizards, Inscribed Pepes, and Bitcoin Bandits, to name a few. While the Ordinals marketplace is currently focused on secondary market sales, Magic Eden already has plans to expand its offerings.

Magic Eden plans to offer future tools for minting (or inscribing) digital assets onto the Bitcoin blockchain. It is still unclear whether that will take the form of a minting launchpad or auctions. Nonetheless, Magic Eden’s focus on security and transparency, while leveraging its brand, will make the space more accessible and safer for nonprofessional users. The possibilities are endless, and we can’t wait to see what other developments the world of NFTs will bring in the future.

Magic Eden’s move to support Bitcoin Ordinals is a significant development in the NFT space. The Bitcoin marketplace for digital artifacts is still discovering its product-market fit, but the growth of Bitcoin NFTs indicates that there is a market for people who want to own true digital artifacts or collectibles. With Magic Eden’s focus on security and transparency, while leveraging its brand, the space will be more accessible and safer for nonprofessional users. As the possibilities are endless, we recommend keeping an eye on the developments in the world of NFTs, and how they can fit into your investment portfolio.

Yuga Labs Bitcoin Ordinals NFT Collection TwelveFold: A Quick Insight

Ordinals’ NFTs on Bitcoin Blockchain Trigger 50% Rally in STX Token, Matrixport Reports Potential for Billion-Dollar Market Cap

Understanding Ordinals: NFTs on the Bitcoin Blockchain

Bitcoin’s NFT Breakthrough: New Protocol Ordinals Brings Fresh Possibilities to the Crypto World

FAQs

What is magic eden?

Magic Eden facilitates decentralized peer-to-peer trading of non-fungible tokens (NFTs) and is a top-tier platform for users to create, list, and trade these unique digital assets. Although initially designed for the Solana blockchain, Magic Eden has expanded its services to include Ethereum, Bitcoin and Polygon support.

What happened with Magic Eden?

On January 5th, Magic Eden disclosed that an exploit resulted in the sale of 13 fraudulent NFTs across five collections, transacted 27 times and totaling approximately 1,100 Solana (SOL), worth almost $15,000. The two affected collections were the popular and high-priced Solana-based projects ABC and y00ts.

Who is the CEO of Magic Eden?

Jack Lu

Who pays fees on Magic Eden?

Creator royalties refer to the fees charged by NFT project creators, usually by the seller, during NFT trades. Typically, these fees range from 5% to 10% of the sale price, and the funds are deposited into a digital wallet controlled by the NFT project’s creators.

0 notes

thesecrettimes · 1 year

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Microsoft Is Testing an Ethereum Wallet in Its Edge Web Browser

Microsoft, the software conglomerate, has introduced an Ethereum-based cryptocurrency wallet in the testing version of its Edge web browser. The new feature, which software sleuth Albacore discovered, is named “Crypto Wallet” and would allow users to store and transact Ethereum and Ethereum-based tokens in a non-custodial way, acting like a Metamask clone.

Microsoft Introduces Ethereum Wallet in Its Edge Browser

Cryptocurrency and Web3 projects are making inroads into mainstream software products. According to reports coming from Albacore, a software researcher, Microsoft is currently developing a native wallet that would as part of its own web browser, Edge. The new feature, called “crypto wallet,” would allow the users to transact and store Ethereum and Ethereum-based tokens in a non-custodial way. In the screenshots available, Microsoft confirms the status of the project, warning the testers about the dangers of using their funds in this wallet. It stated: As a tester, you will use your own funds. In the event of loss of funds, Microsoft will not reimburse any loss. This is a confidential project and no details should be shared externally. This confirms that the wallet is still in the early testing stages, and not ready for the use of the general public yet.

More Details

The new native crypto wallet, if finally released, would constitute a native competitor to Metamask, the most used Web3 wallet addon, with the particularity that it would be included natively with Edge. Bleeping Computer, a portal that had the opportunity of testing the wallet, reported it could confirm that the wallet supported different Ethereum accounts, with the user being able to switch between them as desired, and it could be used with already existing Web3 apps. Also, the wallet includes a built-in Ethereum exchange, that has support for ETH, DAI, UNI, USDC, and USDT. Strings present in the software hint at the inclusion of a Bitcoin wallet at a later date, but the functionality is still not present. Microsoft did not confirm the existence of the crypto wallet. A spokesperson of the company stated: At Microsoft, we regularly test new features to explore new experiences for our customers. We look forward to learning and collecting feedback from customers but have nothing further to share at this time. Microsoft has been very active when it comes to supporting Web3-related projects, having participated in establishing standards for the metaverse, and introducing metaverse features in its Teams app, even if its recent layoffs have affected some of these projects. What do you think about the native Ethereum wallet that is currently being tested in Microsoft Edge? Tell us in the comments section below. Read the full article

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bentonkole6 · 1 year

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LifeCrypto: Offer a unique advantage by being multi chain compatible

Presentation of Life Crypto

LIFE is the future of DeFi. LIFE is a non-custodial, multi-chain wallet with the ability to transfer crypto by simple nicknames. LIFE, the digital asset that powers the LIFE DeFi Wallet’s ecosystem and plays a central role in staking, retail purchases, bank transfers, debit card transactions, and other app functions, has been listed on Ledger Live, a one-stop shop where users can buy crypto, grow their assets, and manage NFTs. Ledger Live comes from the renowned Ledger team and allows users to unlock the full Ledger experience by pairing the app with their Ledger hardware wallet. These wallets are independently certified and designed to resist sophisticated cyberattacks and they work seamlessly with the leading tokens, NFTs, and over 15 leading dApps.

Life Crypto Aims for Mass Adoption

The majority of the world doesn’t use crypto currency, why? It’s complicated, there are thousands of different tokens, blockchains, risk of sending your funds incorrectly and losing them, complicated addresses to manage, and lack of a place to do it all in one go.

This is where $LIFE comes in to revolutionize the crypto space with simplicity and ease of use, with the goal of being the application of choice for people just getting into crypto.

So why Life? Let’s visit the reasons below.

Life is building a highly secure crypto wallet. What is a crypto wallet? It lets you safely store your crypto that is in YOUR possession. If you keep your crypto on your exchange, the saying goes “not your keys, not your coins”. Now its more important to use a safe wallet with exchanges and other projects freezing assets when times get tough

Life lets you do your crypto transactions with a cool username vs long text&number string. Like PayPal, Life lets you explore the crypto world using nicknames of choice. If your mom is lucky enough to score ‘@Mom, you could literally send crypto to your mom with that nickname.

Life is currently on the most well known networks of ETH and BSC which are arguably the best places to get started in crypto. Life will eventually support all EVM networks which will allow you to explore the majority of the crypto universe

Life currently has a bridge that lets you transfer $LIFE tokens between ETH and BSC. Why is this a big deal? Usually only major projects build a bridge, if anything, its a development feat of strength

Swap functionality — this basically allows you to swap your $LIFE token with hundreds of other crypto’s — who needs an exchange??

On ramp/off ramp — Lets you load up your cash to buy BTC in order to swap to other crypto currencies — $LIFE is building a one stop shop crypto experience

Staking — Crypto market not performing that great? $LIFE offers passive income of up to 10% if you stake your $LIFE tokens on our BSC or ETH staking platforms

Life Token

The LIFE Token fuels the infrastructure being constructed by the LIFE Team and our ecosystem’s fiduciaries. LIFE Token was launched on the Ethereum network with a fixed quantity of 10 billion tokens.

The team has just finished the completion of the BSC contract so users can enjoy the speed and low fees of the network. Next on deck is bringing on Polygon that will be a welcomed addition.

LIFE benefits from Ethereum’s battle-tested security architecture and continuous developments from its massive open source community as an ERC20 based currency.

LIFE WALLET

The LIFE Wallet is easy. With highly curated features and secure defi protocols, LIFE is creating a simple and safe user experience to onboard and engage investors of any experience level. With one powerful wallet, crypto transfers, retail purchases, and elite passive income earning potential are available at the touch of a button.

The LIFE wallet is evolving. LIFE’s multi-chain wallet is strategically positioned to set the pace for the fast-moving innovation of the cryptocurrency sector. With flexible protocols that allow LIFE to bridge to the most advanced blockchain technologies, LIFE will always have the best offerings in terms speed, fees and reliability.

The LIFE wallet is ready. The time is now to bridge the blockchain to the real-world, and LIFE is pushing that reality forward with high-speed transactions between LIFE wallet users via simple @ username functionality. Online shopping, ordering takeout, sending money to friends, all within our secure wallet.

Goals Of LifeCrypto:

The team aims to connect crypto with real-world transactions, while also providing the convenience of login identification and the variety of a multi-chain wallet.

The LIFE Team is developing a full portfolio of products that are simple to use regardless of one’s degree of familiarity with cryptocurrencies or blockchain technology.

The LIFE token is the lifeblood of the ecosystem. Staking, app functionality, retail purchases, bank transfers, and LIFE debit card transactions all rely on it. LIFE is a new type of currency.

The Opportunity in LifeCrypto

Address verification To send crypto, one must copy and paste a long string of arbitrary numbers and characters and verify that it’s the correct address before sending.

Complexity Complicated onboarding of cryptocurrency users in the initial stages means many potential users do not get involved.

No ownership Custodial services do not allow users to be in full control of their digital assets.

The Solution in LifeCrypto

Hassle-free transactions Life provides flexibility and simplicity to crypto users, allowing for hassle-free transactions, using just the username of a receiver to send funds.

Ease of use Life is focused on superb user experience, taking the confusion out of crypto to facilitate easier onboarding and adoption.

Full Control Life offers this simplicity that's generally associated with custodial payment systems such as PayPal, but gives the user full custody of their assets.

Exchanges Listings

bitmart

cointiger

consbit

gateio

hoo

hotbit

mexcglobal

probit

uniswap

whitebit

xtcom

ztglobal

Life Welcomes VRA to their Ecosystem

Roadmap

ONGOING

LIFE Wallet Airdrops: Life will conduct airdrops of LIFE tokens to its wallet users as part of its community building initiatives.

LIFE Wallet Launchpad: Life will introduce a launchpad for new tokens to be launched on the Life ecosystem.

Additional DeFi Integrations: Life will integrate with additional DeFi protocols to enhance its DeFi ecosystem.

Investment Products: Life will launch investment products such as ETFs and index funds to provide users with diversified investment options.

Identity: Life will provide a decentralized identity solution to enable secure and private identity verification and management.

LIFE Pay: Life will launch a payment gateway for merchants to accept LIFE tokens as payment for goods and services.

LIFE News: Life will launch a news platform to provide users with the latest updates and insights on the Life ecosystem.

Yield Farming: Life will introduce yield farming options for users to earn rewards on their LIFE tokens.

Metaverse Integrations: Life will integrate with metaverse platforms to enable users to participate in virtual world activities.

Multichain Staking Integration: Life will enable staking of LIFE tokens across multiple blockchains to provide users with more staking options

Q1/Q2 2023

Android Wallet Launch: Life launched an Android wallet to allow users to store, send, and receive LIFE tokens from their mobile devices.

IOS Wallet Launch: Life also launched an IOS wallet for its users on Apple devices.

Username Registration Launch: Life enabled users to register a unique username for easy identification and secure account management.

Web3auth Integration: Life integrated with Web3auth, a decentralized authentication platform that allows users to log in to decentralized applications using their digital wallets.

LIFE DEX Swap: Life will launch its decentralized exchange (DEX) for trading LIFE tokens and other digital assets.

LIFE Anonymous Swaps: Life will enable anonymous swaps of its tokens using privacy-enhancing technologies.

LIFE SDK (External Integrations): Life will release a software development kit (SDK) to enable developers to integrate Life into their applications and services.

More Layer1 (MATIC, AVAX, BSC, FTM, etc): Life will expand to more layer 1 blockchains to increase accessibility and interoperability.

LIFE Charity Actions: Life will conduct charitable actions using blockchain technology to promote social good and impact.

Q2/Q3 2023

NFT Marketplace: Life will launch a marketplace for buying, selling, and trading non-fungible tokens (NFTs).

Dapp Browser: Life will introduce a decentralized application (dApp) browser for seamless access to the Life ecosystem.

Embedded Web Browser: Life will include an embedded web browser to facilitate easy navigation of the internet while using the LIFE wallet.

Bitcoin Support: Life will add support for Bitcoin to the LIFE wallet.

More Layer 1 Integrations: Life will integrate with additional layer 1 blockchains to enhance its interoperability and access.

Multichain Swaps: Life will introduce multichain swaps for users to exchange tokens across multiple blockchains.

ENS / Domain Support: Life will provide support for Ethereum Name Service (ENS) and domain name services.

Fiat On/Off Ramp: Life will launch an on and off-ramp for fiat currency to enable users to easily convert their money to LIFE tokens.

Life Debit Card: Life will introduce a debit card for users to spend their LIFE tokens at merchants worldwide.

Lending / Borrowing: Life will launch a lending and borrowing platform for users to earn interest on their LIFE tokens.

TEAM

Tokenomics

For More Information about Life Crypto

AUTHOR

Bitcointalk name: Benton Kole Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=3475499 Telegram username: @BentonKole Wallet address: 0xede0B0eDEBc788F99BEB151Fa36aD2f139870EcB

0 notes

makenapeta · 1 year

Text

LifeCrypto: A non-custodial, multi-chain wallet with the ability to transfer crypto by simple nicknames

Presentation of Life Crypto

Life Crypto Aims for Mass Adoption

This is where $LIFE comes in to revolutionize the crypto space with simplicity and ease of use, with the goal of being the application of choice for people just getting into crypto.

So why Life? Let’s visit the reasons below.

Swap functionality — this basically allows you to swap your $LIFE token with hundreds of other crypto’s — who needs an exchange??

On ramp/off ramp — Lets you load up your cash to buy BTC in order to swap to other crypto currencies — $LIFE is building a one stop shop crypto experience

Staking — Crypto market not performing that great? $LIFE offers passive income of up to 10% if you stake your $LIFE tokens on our BSC or ETH staking platforms

Life Token

The team has just finished the completion of the BSC contract so users can enjoy the speed and low fees of the network. Next on deck is bringing on Polygon that will be a welcomed addition.

LIFE benefits from Ethereum’s battle-tested security architecture and continuous developments from its massive open source community as an ERC20 based currency.

LIFE WALLET

Goals Of LifeCrypto:

The team aims to connect crypto with real-world transactions, while also providing the convenience of login identification and the variety of a multi-chain wallet.

The LIFE Team is developing a full portfolio of products that are simple to use regardless of one’s degree of familiarity with cryptocurrencies or blockchain technology.

The LIFE token is the lifeblood of the ecosystem. Staking, app functionality, retail purchases, bank transfers, and LIFE debit card transactions all rely on it. LIFE is a new type of currency.

The Opportunity in LifeCrypto

Address verification To send crypto, one must copy and paste a long string of arbitrary numbers and characters and verify that it’s the correct address before sending.

Complexity Complicated onboarding of cryptocurrency users in the initial stages means many potential users do not get involved.

No ownership Custodial services do not allow users to be in full control of their digital assets.

The Solution in LifeCrypto

Hassle-free transactions Life provides flexibility and simplicity to crypto users, allowing for hassle-free transactions, using just the username of a receiver to send funds.

Ease of use Life is focused on superb user experience, taking the confusion out of crypto to facilitate easier onboarding and adoption.

Full Control Life offers this simplicity that's generally associated with custodial payment systems such as PayPal, but gives the user full custody of their assets.

Exchanges Listings

bitmart

cointiger

consbit

gateio

hoo

hotbit

mexcglobal

probit

uniswap

whitebit

xtcom

ztglobal