Kategorie: Crypto Markets

The Komodo Platform provides full-scale, end-to-end blockchain solutions for developers of different industries and levels. It offers customized, configurable blockchain solutions that are easy to deploy.

The blockchain emerged as a ZCash blockchain fork, which was a Bitcoin fork. The Komodo ecosystem integrates zk-snark technology (zero knowledge) based on Zcash. It adds a relatively rare consensus algorithm known as delayed proof of work (dPoW).

Komodo’s goal is to build a complete ecosystem consisting of various partnerships.

How it works

Komodo has a blockchain with autonomous infrastructure, achieved by means of parallel chains. These chains create a separate Komodo blockchain copy. The dPoW consensus mechanism secures new parallel chains.

Developers on Komodo don’t build on the blockchain itself. Rather, they create their own autonomous blockchains. It’s neither a sidechain nor a fork. The Komodo platform doesn’t serve as a legacy platform to the new blockchain.

Each development project on Komodo is an independent blockchain that is linked to the network. This way, Komodo can never limit any future development.

The core of the network is BarterDEX, Komodo’s decentralized exchange. The DEX is the intersection between all the blockchains. It’s powered by atomic swaps, unlike other DEXs, which use proxy tokens.

Key features

Komodo’s most important features are related to security, privacy, scalability, adaptability, and interoperability.

Security 

Komodo’s security stands out through the use of the dPoW consensus mechanism and the Zcash zk-snark protocols for anonymity. The mechanism offers Bitcoin-level security to all projects and blockchains associated with Komodo. The dPoW consensus mechanism creates a backup of blockchain data.

Privacy

The zero-knowledge proof technology used by the Zcash blockchain allows full anonymity of each transaction on the blockchain. Many users appreciate anonymous transactions as they don’t have to share information about the sender, recipient, and amount of the transaction.

At the same time, the transaction is transparent, and miners can verify its validity. Data appears just like it would for a standard Bitcoin transaction.

Another important advantage of anonymous transactions is preserving fungibility, a basic currency requirement.

Adaptability

As one of the best-known open-source projects, Komodo is well-recognized for its features and innovations. Komodo-based projects are equipped with the ability to create custom solutions depending on the different situations and needs.

Scalability

Komodo lets each project have a dedicated blockchain and infrastructure, unlike other enterprise solutions. Komodo network projects can scale at any time, and blockchains can be added to improve performance as needed.

Interoperability

Komodo’s so-called blockchain federation technology enables frictionless interoperability with federation blockchains. Atomic swaps can be used to link to non-federation blockchains.

Extensive development activity

Komodo has been very active in pushing code to its base repository. It has tens of repositories, all of which are quite dynamic. The ecosystem ranked 12th on Coincodecap in terms of overall coding activity.

Pros

·         Scores well on scalability, adaptability, and interoperability

·         Extensive development activity

·         High security and reliable privacy

Cons

·         The coin is still under development

·         Some issues with ledger synchronization

Why should you sign up with Komodo?

One reason is that security is top-notch. At the time of writing, Komodo was preparing for an external security review. They will be creating an architecture diagram and an SRS document, updating and refactoring dependencies, and doing an internal security code review so auditors can access the code.

Recently, Komodo optimized the blockchain node call amounts and added an infrastructure enhancement microservice. They are in the process of integrating QuickNode blockchain nodes into their interfaces. They created a microservice layer to be able to complete the integration.

Komodo offers convenience to its users by providing the option to collect fiat price information in the API database. This way, traders can calculate fiat prices retroactively, if needed.

Another advantage is the Komodo cryptocurrency (KMD) itself, which can be used to mediate transactions with tokens that don’t have a direct pair on BarterDEX and to enable instant zero-confirmation exchanges on Komodo DEX. 

The Komodo coin pays for Komodo’s security protocol service, is used for dICO crowdfunding on the platform, and powers UTXO-based smart contracts. If you have 10 KMD or more, you can earn 5% rewards as an active user.

What makes it stand out? 

Komodo’s dPoW consensus algorithm increases network security by using Bitcoin’s hash power. Bitcoin has the highest hash power of all blockchain networks, rendering it practically impervious to hijacking.

The bottom line

Komodo has a vast and extensive library and a reliable, solid team and community. They publish updates in real-time and provide transparent yearly and quarterly reviews. They are an excellent choice of a blockchain solution for experienced developers.

The post An objective review of Komodo Platform appeared first on CoinJournal.

Cardano (ADA) is trading near $0.53, just about in the green on Thursday evening as the crypto market looks to hold onto yesterday’s gains.

The ADA/USD pair is however facing some pressure with prices falling from intraday highs above $0.54, a price level that’s likely to prove crucial to bulls’ chances of breaking higher.

Cardano price outlook

ADA has already hit resistance at the zone this week, dipping from the supply reload area to touch lows of $0.50 on Tuesday. A previous rejection at the level also saw Cardano price fall to $0.49.

Crypto analyst Michael van de Poppe however thinks buyers could still force a rally if they hold above the critical 50-day moving average.

Cardano price chart and key price levels. Source: Michael van de Poppe

As per the chart above the analyst shared on Twitter, that price gauge remains above $0.47. The cryptocurrency has over the past few days held firm at the MA. Van de Poppe sees an upside trigger being at $0.55, where a retest could open up a breakout to new resistance around the $0.66-$0.70.

If the breakout happens, the analyst sees a 20% rally by early September.

“Cardano follows the plan and looks ready for continuation, as the entire market looks ready for continuation. Expecting to see $0.70 as possible in the next few weeks,” he predicted.

The post Cardano price: Analyst explains ADA price outlook over coming weeks appeared first on CoinJournal.

Asia’s first Web3 Accelerator and leading Web3 venture fund in Asia, LongHash Ventures, has launched its $100 million LongHash Ventures Fund II.

LongHash Ventures’ first close attracted global investors and industry veterans including Hashkey Capital, NGC Ventures, Protocol Labs, Gnosis Safe, MEXC, Synthetix founders Kain and Jordan Warwick, Qiming VC founding partner Duane Kuang, and Astar founder Sota Watanabe, amongst others.

Following the new fund launch, LongHash Ventures will continue to take in funds until the end of the year.

On the other hand, LongHash Ventures’ accelerator arm LongHashX recently obtained undisclosed funding from several large fund LPs and Superscrypt, which is a Web3 investment firm.

While announcing the second fund, the founding partner and CEO of LongHash Ventures, said Emma Cui said:

“By running both an accelerator and an early stage fund that provides hands-on support, our unique value lies in leveraging LongHashX to bootstrap the Asia ecosystem for the protocols that we invested in, as well as in identifying founders and projects with massive potential very early on, and using our crypto-native knowledge and resources to help the teams achieve their potential and succeed. The second fund will enable us to support more founders and through subsequent rounds.”

Multi-chain Web3 infrastructure

 The second LongHash fund will concentrate on multi-chain Web3 infrastructure projects that support DeFi, NFTs, GameFi, and the metaverse. The fund will invest in projects and teams right from the pre-seed to Series A funding.

In addition, the fund will also invest in the projects that graduate from its accelerator arm LongHashX. LongHashX has become Asia’s leading Web3 accelerator platform and the go-to partner for protocols like Polkadot, Algorand, Filecoin among others. Some of the projects that came from the LongHashX include Astar, Lit Protocol, and Xanpool.

So far, LongHash Ventures has backed over 60 projects including Astar, Balancer, Gnosis Safe, Coinshift, Astar, Acala, Dodo, and Zapper.

The post LongHash Ventures launches a second Web3 venture fund worth $100M appeared first on CoinJournal.

Bitstamp is a crypto exchange suitable for fee-conscious traders, as its fees are lower than what many competing exchanges charge. 

You can trade, buy, and sell crypto on this user-friendly exchange, which works well for everyone from novices to advanced traders. As a downside, major cryptos like Binance Coin and Solana are missing from its lineup.

How it works

To open an account, enter and verify your email address and choose a secure and unique password. Then, link to Google Authenticator or another multifactor authentication app.

The exchange has strict Know Your Customer (KYC) requirements in place, which all users must fulfill. They will ask you to upload an image of an official photo ID and a recording of yourself reading a code of three digits.

Your account is sent to undergo review after you submit your pictures and personal details, which include your Social Security number.

You’ll soon be informed that your account is active. Then, you can make your first deposit to the platform. Deposits and withdrawals are possible via international wire transfer or ACH transfers from a bank account, credit card, or debit card. The cheapest option is bank transfer because no fees are charged.

You can buy crypto on the desktop version of the exchange and on the mobile app, which is compatible with Android and Apple.

Cryptos available

·         Bitcoin

·         Ethereum

·         Stellar Lumens

·         Uniswap

·         Tether

·         Litecoin

·         USD Coin

·         Bitcoin Cash

·         Chainlink

·         Gemini Dollar

·         XRP (for customers outside the US)

Fees range from 0.50% for trades under $10,000 to 0.005% for trades under $20,000,000,000.

Key features

Bitstamp features a simple fee structure, where trading fees depend on the user’s monthly trading volume. High-volume traders enjoy very low fees.

Top-notch security

Bitstamp features top-notch security with 98% of assets in a cold wallet. Wallets that aren’t online are immune to cyberattacks. The remaining 2% held online is used for everyday trading.

Bitstamp’s insurance policy adds another layer of protection. The insurance is effective in cases of theft following a breach of the exchange. If someone misuses your login details and steals from your individual account, your loss won’t be covered.

The exchange’s optional security measures are address whitelisting and two-factor authentication (2FA). The former lets the users choose the addresses where they can receive withdrawals from their accounts.

Intuitive

Crypto trading on Bitstamp doesn’t come with much of a learning curve. You can learn how to trade cryptocurrency quickly and without any hassles on this platform.

Top-rated app

Bitstamp’s mobile app has a 4/5 rating on Google Play based on ‎11,519 votes at the time of writing. Its rating on the App Store is almost perfect – 4.9/5 – based on ‎130 reviews. The app offers full trading functionality.

Earn crypto rewards

Bitstamp Earn is available to those who want to earn crypto rewards. This feature lets users stake specific cryptocurrencies and use them to generate funds. However, it’s not available to US customers.

Three platforms

Bitstamp has three platforms. The main one is Bitstamp.net, and there are also Bitstamp Tradeview and Bitstamp Mobile. The second one has more advanced trading forms and charting features. 

Pros

•          Easy to use

•          Competitive trading fees

•          Advanced platform available

•          Highly rated mobile app

•          Earn rewards with crypto staking

Cons

•          Limited options for staking

•      Just two currencies are available for staking on Bitstamp

Benefits of using Bitstamp

Everyone who wants to trade crypto on their phone and computer and is looking for an intuitive exchange with low fees will see the benefit of using Bitstamp.

What makes it different from competitors?

The maximum trading fee on the exchange is 0.50%. In comparison, Coinbase charges a 0.50% spread on the main platform plus a transaction fee.

On the other hand, Coinbase has more than 150 assets to trade compared to Bitstamp’s 54. Just two currencies are available for staking on Bitstamp compared to Coinbase’s six.

Bitstamp charges the same trading fees regardless of the platform you choose. Gemini charges lower trading fees to use its advanced platform. It’s all a matter of preference with Bitstamp.

Our final say

The bottom line: Bitstamp has a simple and intuitive platform that novices will appreciate. The main platform features competitive fees. It’s definitely convenient not to have to choose the advanced trading platform just to pay lower fees.

Bitstamp is enshrined in tradition as one of the first digital asset exchanges in history. It’s committed to supporting cryptocurrency users.

As a downside, the list of currencies supported is relatively limited. The exchange has neither lending nor margin trading features. You can stake just two currencies, and the returns are somewhat meager. The highest APR we found was just 5%, but that makes it sustainable.

The post All about Bitstamp: The who, how, and why appeared first on CoinJournal.

CurateDAO has released decentralized Pinterest-like data curations supported by incentives on Avalanche blockchain. The integration has made the CurateDAO curate-to-earn protocol features available on Avalanche.

In a nutshell, users will be able to assemble boards similar to the ones on Pinterest and earn AVAX tokens if other users use the boards.

CurateDAO uses a Web2 application-like interface and the integration with Avalanche will offer low transaction fees and high throughput.

CurateDAO curate-to-earn protocol

The CurateDAO curate-to-earn protocol boards are decentralized and use smart contracts to distribute revenue among content creators and curators.

Users can access curated lists on CurateDAO including metaverse governance books, futuristic snakes, Web3 apps, and Codes for NYC bathrooms among others.

CurateDAO, however, aims at migrating to a subnet to increase its reach with the help of the Blizzard grant fund it received from Avalanche.

According to CurateDAO’s founder, Michael Fischer, CurateDAO is at the moment the best platform for helping users find the best content while rewarding data scouts and curators.

How CurateDAO works

Curators first mint a curation and define the guidelines for the information to be provided within the curation. Scouts then find data for the curation following the set guidelines.

The scouts then stake some money in the curation, which is returned to them once the curation is accepted. It is the prerogative of the curator to accept or deny the provided curation.

The accepted curations then earn money through affiliate links, benefactors, paid subscriptions, and advertisements. What is earned is then dived between the scouts and curators based on their contributions.

The post CurateDAO launches decentralized Pinterest-like data curations on Avalanche appeared first on CoinJournal.