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Artificial Intelligence Will Enable the Future, Blockchain Will Secure It

Speaking at BlockShow Asia 2019, Todalarity CEO Toufi Saliba posed a hypothetical question to the audience: “How many people would take a pill that made you smarter, knowing they can be controlled by a social entity?” No one raised their hand, and he was unsurprised. “That’s the response that I get, zero percent of you,” he continued. “Now imagine at the same time the pill has autonomous decentralized governance so that no one can control …

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Crypto Still in ‘Darwinian’ Process of Selection

A top executive at private Swiss private banking Julius Baer says cryptocurrencies are still at the stage of a “Darwinian” process of selection. In an interview with Arabian Business on Oct. 29, Christian Gattiker-Ericsson — Julius Baer’s chief strategist and head of research and investment solutions — argued that: “We are still in this Darwinian selection process where different business models get tried and tested, but we haven’t seen something that was a clear winner.” …

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McAfee Champions Importance of Stablecoins for Decentralized Exchanges

American entrepreneur and staunch crypto advocate, John McAfee, has argued for the importance of stablecoins for decentralized exchange (DEX) adoption. McAfee made his argument in a tweet posted on Oct. 20. Stablecoins as an interim solution McAfee’s video begins by tackling the main obstacle to crypto-fiat currency conversions that use of a decentralized exchange poses for users:  “What’s the main issue with decentralized exchanges? It’s how do you get your fiat currencies in and out? …

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Vertical and Horizontal Blockchain Scaling, Explained

3. Vertical scaling is done by improving the efficiency of each individual transaction, whereas horizontal scaling is achieved through increasing the platform’s overall throughput capacity. In simple terms, general scalability improvements are made through the use of a concept called “layering” — wherein each individual component of a particular system is made to interact with its digital counterparts in some sort of sequential and hierarchical way.  Also, when it comes to blockchains, developers strive to …

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Cryptocurrency a Great Equalizer Against Big Tech

The Premier of Bermuda, Edward David Burt, has said that cryptocurrencies are a great equalizer and characterized fintech innovation as a national strategic imperative. In an interview for Forbes published on Oct. 18, the Premier — a former programmer, startup founder and entrepreneur who went on to become the youngest national leader in Bermuda’s history — expressed his belief that cryptocurrencies will ensure that citizens are less beholden to large corporations and government than they …

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Blockchain Voting Systems — Can Democracy Rely on Them?

At the beginning of October, a story released by CNN claimed that a student affiliated with the University of Michigan attempted to hack into West Virginia’s blockchain-based voting system called Voatz. As per the report, the FBI is now actively investigating the matter and is looking to authenticate the veracity of these claims. Voatz is a smartphone-based app that was used by the West Virginia government last year to collect ballots from its citizens that …

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Cryptocurrency Wallets MyCrypto and Ambo Add Multiple New Features

Cryptocurrency wallet MyCrypto and its recent acquisition Ambo have both announced major updates of their software — with MyCrypto adding a multi-account management system. A major overhaul According to a news release shared with Cointelegraph on Oct. 10, MyCrypto’s software has seen a major overhaul with a new user interface and a new homepage, dashboard, screen lock, an updated address book and outgoing transaction procedure. The new features have only been included in the beta (early access) …

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Can Crypto Exchanges Ever Be Truly Decentralized?

Earlier this week, British-American entrepreneur John McAfee, who is currently living “in exile” due to tax-related charges filed against him by the United States authorities, launched his own decentralized exchange (DEX).  The expressive crypto advocate’s McAfeedex.com is running on the Ethereum (ETH) blockchain, and, in McAfee’s own words, it is a “Wild Wild West exchange” that purportedly cannot be seized by regulators. “There is nothing to shut down,” he wrote on Twitter, “Our technology is …

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Ethereum Is No Longer a Monopoly Platform for Stablecoins

Just a few years ago, it was hard to imagine that a stablecoin would come to represent a significant portion of the cryptocurrency industry. Market players tended to base their money-making strategies on a cryptocurrency’s volatility rather than its stability. There were only 11 stablecoins on the market in 2016, and another 10 were added in 2017. Nowadays, there are 66 stablecoins, and over 134 others still in development. The overwhelming majority of these stablecoins …

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Maker Foundation’s Multi-Collateral Dai to Launch on Nov. 18

Rune Christensen, the CEO of the Maker Foundation, has revealed that the Multi-Collateral Dai (MCD) system will be ready to launch on Nov. 18. Speaking at Devcon 5 in Osaka, Japan, Christensen urged all holders of MakerDAO‘s MKR token to cast their votes on November 15. Dai Savings Rate, new CDPs MCD is a decentralized blockchain-based system designed to encompass Maker smart contracts, front-end apps, tools and services.  MakerDao’s announcement points out two core features …

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