Monat: August 2022

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Serenity Shield launches its cryptographic data storage and succession solution

Serenity Shield has launched the first cryptographic sensitive data storage and succession solution on the blockchain.

Serenity Shield has announced that is launching the Minimum Viable Product (MVP) of its StrongBox. Serenity Shield is a decentralised application platform that offers an innovative, revolutionary approach to crypto inheritance and secure storage solutions for sensitive data. 

According to the press release shared with Coinjournal, the team said the MVP is already availableand the final solution will be implemented further, offering full usage of the StrongBox. 

The StrongBox dApp technology offers a wide range of benefits to users, including allowing them to store, preserve, and restore their data in case of loss of access to their sensitive information. 

With this technology, users can store anything from wallet access and digital assets to highly confidential information and other related documents.

Another use of StrongBox is that it allows users to transfer the ownership through secure inheritance of this information to specifically elected successors, such as heirs, in the case of an accident or death of the user. 

StrongBox ensures that all user data remains encrypted and protected from unauthorised access.  

Serenity Shield has partnered with Secret Network, a private smart contract blockchain system, to store confidential information. The company said it chose Secret Network because it the security and privacy-by-design features required for its StrongBox solution. 

Rodolphe Seynat, Co-Founder of Serenity Shield commented that;

“The growth and worldwide adoption of digital assets and tokenization are imminent. We’re glad to be finally launching what we’ve worked so hard on. Our objective was simple: ensure all new and existing digital asset owners have access to an affordable, easy-to-use, and pioneering utility tool. Our architecture is unique and leverages the best tech out there today.”

The Serenity Shield MVP is a cross-chain solution whose primary base is Solana. The multichain offering of the solution is designed to protect access to digital assets and sensitive digitised information across all wallets, blockchains, and centralised exchanges. 

Serenity Shield concluded that the StrongBox solution is directly usable by end-users, but can also become a partner of choice for corporate and financial institutions.

Serenity Shield has been around since 2021 and focuses on addressing the need in the global cryptocurrency market for secure access to and transfer of ownership of digital wallets.

The post Serenity Shield launches its cryptographic data storage and succession solution appeared first on CoinJournal.

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Kadena price prediction: Is this the return of the raging bull?

Kadena price rebound accelerated on Monday as demand for the token continued rising. The KDA token jumped to a high of $2.42, which was the highest point since May 25th this year. It has risen by over 76% above the lowest point this year, bringing its total market cap to over $445 million.

KDA demand continues

Kadena is an upcoming blockchain project that seeks to become the best platform for developers to create decentralized applications. It was launched by a team of developers who helped to launch JP Morgan’s internal cryptocurrency. 

Kadena is different from most other Ethereum rivals. For one, it is a proof-of-work blockchain, means that new coins are produced via mining. Kadena developers have created a situation where mining does not necessarily lead to more carbon emissions.

At the same time, Kadena is one of the fastest layer-1 blockchains in the world. According to its developers, Kadena can handle over 450,000 transactions per second (TPS). This is a notable figure since Visa and Mastercard handle less than 10,000 tps each. Solana handles 2,500 tps while Ethereum can process less than 25 tps.

Still, a major challenge for Kadena is that its ecosystem is still significantly tiny than that of its peers. According to DeFi Llama, the platform has just five DeFi applications that have a combined total value locked (TVL) of over $7.7 million.

The main reason why Kadena price is rising is that Kaddex, a new DEX launched in its platform has grown its TVL to over $4.4 million. This is a strong number considering that it was launched last week. Other Kadena DeFi apps with over $1 million in TVL are Babena and KDSwap.

The ecosystem will likely continue growing following the recent grants by Kadena Eco. Some of the top apps that received funding by Kadena are Electron Labs, Hypercent, and KDLaunch.

Kadena price prediction

The four-hour chart shows that the KDA price has been in a strong bullish trend in the past few weeks. As it climbed, it managed to move above the important resistance at $1.8785, which was the highest point on July 19th. 

The coin has moved above the 25-day and 50-day moving averages while the MACD has moved above the neutral point. Therefore, the coin will likely keep rising as bulls target the next key resistance point at $2.75, which is about 16% above the current level.

The post Kadena price prediction: Is this the return of the raging bull? appeared first on CoinJournal.