Category: Blockchain

What is Web3? | Blockchain News

Web 3.0, frequently abbreviated as Web3, is often recognized as the upcoming or third generation of the internet. It builds upon Web 1.0, characterized primarily as read-only, and Web 2.0, which introduced interactive user-generated content and sharing capabilities. Key components of Web3 include: Decentralization: In a departure from the single-server model owned by one entity, data and operations in Web3 are distributed across a network, enhancing both fairness and resilience. Blockchain: Functioning as the backbone of Web3, blockchain provides decentralized data storage and operations. It enables asset transfers that are…

How blockchain technology and DeFi could help solve the housing crisis

The prices of houses are sky-high all around the world, and homebuyers are feeling the pain. While affording a home has never been more difficult for many people, the ability to raise funds to construct new homes has never been easier, thanks to decentralized finance (DeFi). The newly launched Home Construction Collective is attempting to leverage blockchain’s coordination and fundraising potential in an effort to fund the construction of, and therefore increase the supply of, affordable homes. On Episode 14 of The Agenda podcast, hosts Jonathan DeYoung and Ray Salmond…

Binance Academy Collaborates with Coursera for Global Blockchain and Web3 Education

Binance Academy, the educational arm of Binance, has forged a partnership with renowned online learning platform Coursera to develop certified Web3 educational programs, according to a recent announcement. These programs aim to span a wide array of Web3 and blockchain topics and are designed to cater to both foundational and professional certification needs. Binance Academy’s collaboration with Coursera is expected to play a vital role in filling the knowledge gap between the rapidly evolving blockchain technology and the contemporary workforce.  “In a world where Web3 is becoming increasingly prevalent, understanding…

TON Blockchain Releases On-Chain Encrypted Messaging Feature

The Open Network (TON) has announced the launch of its new messaging feature. This component will enable users to share messages and transaction details privately on the blockchain. The Open Network Introduces Encrypted Messaging Feature On Monday, July 3, the TON Foundation announced the introduction of an on-chain encrypted messaging feature, which will enable secure communication between its network users. This new feature is an upgrade to the previous messaging service provided by the platform.  Related Reading: South Africa Imposes Year-End Licensing Deadline For Crypto Exchanges Indeed, users have always…

185 Blockchain Hacking Incidents with $920M Loss Reported by SlowMist in First Half of 2023

SlowMist, a renowned blockchain security firm, has recently published its mid-2023 report on Blockchain Security and Anti-Money Laundering (AML). The report offers a comprehensive overview of the current global landscape of blockchain security and AML developments. The first half of 2023 witnessed significant growth and increased security challenges in the blockchain sector. According to SlowMist’s Blockchain Hacked Incident Archive, there were 185 security breaches leading to a massive loss of $920 million. However, this figure represents a 54% decrease compared to the first half of 2022, which saw losses of…

TON blockchain launches on-chain encrypted messaging feature

The Open Network (TON) has released an on-chain encrypted messaging feature, according to a July 3 announcement from the network’s developer, TON Foundation. The new feature allows for private messages to be sent between TON users.  TON Foundation Introduces Encrypted Transaction Messageshttps://t.co/HXKtk0gxKC pic.twitter.com/0z1z4E5ku1 — TON (@ton_blockchain) July 3, 2023 TON is a blockchain network forked from code created by the Telegram instant messaging app team. Telegram abandoned the project in July 2020, before a mainnet was ever launched. However, it open-sourced TON’s code before leaving, allowing others to continue building…

Generative AI will disrupt blockchain too: Here’s how

Artificial intelligence (AI) isn’t just generating lots of content these days, but equally, lots of excitement too. The rise of ChatGPT has led to the rapid adoption of generative AI technology in numerous industries, helping to answer people’s queries, create fresh content, book appointments, draw pictures, assist coders and much more.  The excitement around AI can be compared to the level of hype that emerged around blockchain when decentralized ledger technology first emerged in the previous decade. People’s imaginations are running wild, creating highly disruptive applications for generative AI that…

5 blockchain-based social media platforms to know

Social media networks built on the blockchain are revolutionizing the way we share, interact and communicate with people online. These systems offer improved transparency, data ownership and decentralized incentives by utilizing the power of blockchain technology.  This article will discuss five well-known blockchain-based social media sites: Steemit, Verasity, Binded, Audius and Sapien. Steemit Based on the Steem blockchain, Steemit is an innovative decentralized social media network. Users are paid for curating and creating content in this novel incentive approach. Users are motivated to create high-quality content and interact with the…

Universities use blockchain-based storage to protect and democratize data

Academic institutions house some of the world’s most important data generated from years of research. Yet centralized data storage models are becoming a concern for many universities looking to keep critical information safe and accessible.  Danny O’Brien, a senior fellow at the Filecoin Foundation and Filecoin Foundation for the Decentralized Web (FFDW) — an independent organization that facilitates governance of the Filecoin network and funds development projects — told Cointelegraph that data stored by academic institutions is at risk of vanishing due to centralized storage models. To put this in…

Blockchain Association Backs Coinbase In SEC Regulatory Battle

The Blockchain Association has released a comprehensive document backing Coinbase option on the legal rationale behind its argument calling for the recusal of Securities and Exchange Commission Chair Gary Gensler from any decision-making processes. This is regarding the initiation or continuation of an enforcement action based on the assertion that a digital asset qualifies as a security. The association said Chair Gensler’s consistent public assertion that ‘everything other than bitcoin’ should be considered a security, raises concerns and creates, at the very least, an appearance of a closed-minded approach to…