Category Archives: Dapps

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Borderless Capital: 500 Millionen US-Dollar für ALGO-Projekte

Algorand
Borderless Capital will mit einem 500-Mio.USD-Fonds Projekte unterstützen, die die “neue Generation” von dApps auf der Algorand-Blockchain vorantreiben. Auch in Sachen NFT soll einiges geschehen.
 
Source: BTC-ECHO

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Opera’s Crypto Wallet Now Available on iOS Devices

Opera's crypto wallet is now available on iOS devices

Opera’s web browser designers have incorporated Web 3 functions into iOS devices and the Crypto Wallet is now available for download from the app store. The browser, known as Opera Touch, provides seamless access to Ethereum decentralized apps (Dapps) without the need of any browser extensions.

This kind of support to the Ethereum Web3 API will provide the users a seamless interaction with the next generation Ethereum blockchain based apps, apart from cryptocurrency wallet functionalities. This comes after Opera’s successful crypto wallet launch in Android devices which supports Ethereum and ETC tokens.

Charles Hamel, head of Crypto at Opera said:

“We are happy to let you know that the award-winning Opera Touch browser for iOS now features crypto wallet integration and Web 3 support. This completes our efforts to offer Web 3-ready browsers with built-in Crypto Wallet on Android, Windows, Mac, Linux and now iOS. Opera Touch for iOS lets you seamlessly interact with the next generation of Web 3 applications on the Ethereum blockchain.”

This parallels with Opera’s introduction of Crypto wallet in its Reborn 3 back in April. With these introductions, widespread adoption of Opera’s blockchain based browser becomes significantly inevitable. The built in crypto wallet can allow exchange of payments and other transactions online, to which Opera serves as a tool, while simultaneously giving users more control.

Apple has 1.3 billion active devices worldwide. The launch of crypto wallet on iOS devices essentially means that the wallet is available across all the major platforms and consequently, to a large user base. Hamel said:

“We believe that all modern browsers should integrate a crypto wallet. This will enable new business models to emerge on the web. Opera is the first browser to make using crypto on the Web seamless and easy. Following a strong demand from the crypto-community, we are now making this experience available on iOS.”

He pointed out that the motive to extend crypto wallet facilities to users is to provide lubrication for a wider adoption of digital assets as there is no need for special apps and browser extensions to access the same. Needless to say, amid the bull market, the wallet will serve as a boon to Opera as it offers a competitive edge to the rival browsers.

 

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India to Witness Asia’s Biggest Blockchain Conference: ‘India Dapp Fest 2019’

India to Witness Asia’s Biggest Blockchain Conference_ ‘India Dapp Fest 2019’

As India has been a spectator of the ever-growing adoption of Blockchain technology, the people are in hold for witnessing the awe-inspiring India Dapp Fest 2019 hosted by India’s biggest Blockchain community, Blockchained India. Deemed to be the top-notch Blockchain conference of Asia, the event is scheduled to be held in Bangalore, the Silicon Valley of India.

The India Dapp Fest 2019 event is to be held from 11-15 June, 2019 in one of the prominent corporate events venue, The LaLiT Ashok, Bangalore. Hackathons  and workshops will be held on the first three days followed by the Blockchain Conference on 14 and 15 June.

The Dapp fest comes forth with speakers who are some of the most influential personalities from different walks of technology including Blockchain, Dapp, and Decentralized platforms. They include entrepreneurs, founders and CEOs of some of the most recognised companies in India.

Through its roadshow summits, Blockchained India gathered over one thousand Blockchain professionals from India regarding the Blockchain related regulations. The summits facilitated interconnection of like minds to celebrate the spirit of Blockchain technology. About a month ago, the joint secretary  of Department of Economic Affairs[DEA], Anurag Agarwal, called Bitcoin a ‘ponzi scheme’. Addressing this, Akshay Aggarwal, Co-founder of Blockchained India said:

I hope [Secretary DEA] noticed the value in what he called a “ponzi” scheme, specially when so many folks came together to share perspectives. With all due respect, we expect more from him since he can decide for what trade we can practice.

According to the website, with the presence of 750+ developers, 50+ Dapps, 100+ enterprises, 50+ prominent speakers and 100+ investors, IDF aims to bring about a revelation of highly significant insights and exceptional prospects for Blockchain practitioners. It is a huge platform to promote Blockchain solution in India as it is grabbing the attention of  many to bring about innovative changes in the society. Recently, the Bruhat Bengaluru Mahanagara Palike(BBMP)  undertook a pilot project to incorporate Blockchain solution for solving Bangalore’s garbage problem. These factors could be the key to ensure more friendly regulations to acknowledge public interest in India.

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EY: Many ETH Dapps Aren’t the Most Productive

EY: Many ETH Dapps not the Most Productive

Big Four accountancy firm Ernst & Young (EY) has presented research that says that as much as 83% of decentralized applications (Dapps) on the Ethereum network are “not in the most productive uses“.

EY Global Innovation Leader for blockchain Paul Brody had revealed this piece of news during a Fintech Forum hosted by the US Securities and Exchange Commission (SEC) yesterday while talking about blockchain developments and the digital asset industry.

In the opening ‘Capital Formations Considerations’ panel, Brody pointed out that while blockchain tech implementation had seen explosive growth, those that hoped to become disruptors had neglected the early principles of how the tech should be applied to seek solutions to real-world problems rather than mere “money chasing”.

He reminded that capital markets only served to take investments and put it to productive work, which is something the crypto space had not done very well, with most Dapps on Ethereum “maybe not in the most productive uses”.

Citing blockchain analytics company DApp.com’s data from a Q1 2019 report, he said that only 14% of such Dapps were used at crypto exchanges, and the most in gambling (44%) and gaming (13%).

Brody insisted that Dapps should focus on areas such as distributed computing, fractional real estate, new business models, and fractional infrastructure if they truly wanted to create a “tremendous lasting legacy that is positive”.

The forum, organized by the SEC’s Strategic Hub for Innovation and Financial Technology was meant to facilitate the commission’s engagement in the space, and had purposely included blockchain and distributed ledger technology (DLT). Early in May, Bitcoin News had written about the forum, highlighting the fact that many observers had thought this forum to merely be a vanity effort, with some calling it an event “just for show“.

 

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Brock Pierce Buys Converted Amsterdam Chapel for $1.2 Million in Bitcoin

Brock Pierce, former child actor, and cryptocurrency kingpin; one of the wealthiest people in the crypto space, has purchased a Dutch property worth USD 1.2 million in Bitcoin.

The American Bitcoin entrepreneur known for his work in the cryptocurrency industry has acquired his Amsterdam home, which was formerly a chapel, through Swiss startup Nexo which offers instant crypto credit.

Reportedly Pierce used roughly USD 3 million in collateral to secure a loan to fund the acquisition according to Antoni Trenchev, co-founder and managing partner at Nexo, who commented “He backed the entire loan for the house with Bitcoin. This was our first-ever crypto-backed mortgage.”

Trenchev pointed out that like many other crypto enthusiasts, Pierce wants to hold on to his Bitcoin, choosing a loan rather than paying with cash. However, the collateral cannot be accessed by Pierce or Nexo:

“So we take Bitcoin and other digital currencies as collateral using a third-party qualified custodian to store it and give them fiat cash for it. But neither the client nor us have access to the coins,” explained Trenchev.

The reason Pierce was asked to front a collateral deposit of USD 3 million for a much cheaper property was due to Nexo’s lending policy which requires clients to double the required funds as a guarantee, due to volatile nature of the current crypto market.

Pierce has been keeping a low profile recently. His most recent observations about cryptocurrency last month suggested that decentralized applications (Dapps) could be the major industry movers and shakers of 2019 along with the advance of security token offerings (STOs).

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Out of the Shadows: New Weiss Ratings Shine New Light on Crypto

Out of the Shadows: New Weiss Ratings Shine New Light on Crypto

The latest Weiss report on cryptocurrency is out with some favorable statistics, particularly for Bitcoin and Ethereum rival EOS, with the latter taking a 20% boost over 24 hours.

The Weiss Report which helps guide consumers, individual investors, and business professionals toward the best investment, banking, and insurance options also pick out Ripple’s XRP as most likely to succeed this year.

Bitcoin received its much-needed A grade due to infrastructure improvements such as its Lightning Network, boosting it from Weiss’s previous C+, and EOS also picked up an A, according to how Weiss measures projects showing the best combination of both adoption and technology.

The new ratings auger well for the industry at a time when it seems that it is poised to finally break the shackles that have kept it in a bearhug for the past year. The report illustrates this, noting, “With cryptocurrencies down sharply in price, many observers seem to assume there’s been an industry-wide decline in usage and practical applications. Nothing could be further from the truth.”

Many industry leaders and commentators have continued to get behind Bitcoin during this period, predicting its comeback, but this may not have been entirely necessary as it seems clear that Bitcoin hasn’t suffered a lapse in usage with transactions growing in number globally. Founder Martin D Weiss explained this in a press release:

“Despite lower prices since early 2018, our ratings model gives us hard evidence that a critical segment of the cryptocurrency industry has enjoyed remarkable growth in user transaction volume, network capacity, and network security. Equally important is our finding that these improvements are often powered by an evolution in the underlying technology.”

If ‘State of the Dapps’ statistics are accurate, another high flyer in the report, EOS is now seeing over 80,000 daily active users on its Dapps as opposed to Ethereum’s 19,000, which will clearly give Ethereum developers some cause for concern moving forward.

 

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Brock Pierce: Dapps, STOs Industry Shakers in 2019

Brock Pierce: Dapps, STOs Industry Shakers in 2019

Former child actor and crypto kingpin Brock Pierce, one of the wealthiest people in crypto, has been sharing his predictions for where he feels the industry might be moving in 2019.

Pierce has earmarked decentralized applications (Dapps) as the major industry movers and shakers this year along with the advance of security token offerings (STOs).

There are currently numerous decentralized apps built on the Ethereum blockchain alone, unsurprising given Ethereum’s historical place in the development of blockchain solutions. Carl Bennet of Status.im also suggests that 2019 could become the new dawn for Dapps.

“We will see more developers and designers focusing on creating simpler and more familiar user onboarding experiences for mainstream use we’ve come to expect from the applications we use and an overall lower barrier to entry into the crypto ecosystem.”

This is something that Pierce agrees with suggesting that “big things” are in the ether with the possibility of “multiple applications hitting a million users”. He adds that low prices could be good for the industry:

“I love the fact that prices are down. When prices are up, very little gets built because teams don’t stick around. Everyone is getting rich too quick and that de-motivates people. All the best things I’ve seen built in this ecosystem have been built in bear markets.”

Security tokens are already becoming a watchword in 2019 as ICOs dwindle having hit their peak in 2018. Pierce sees STOs having a far better outcome in the long term:

Security tokens are going to give birth to a quadrillion dollar market… This is because we will see the tokenization of the world’s fiat money, debt market, real estate, equities, and art.”

The Bitcoin entrepreneur sees gaming and P2P “money messaging” as things to look for in 2019 and also more focus on the world’s unbanked, the two-thirds of the planet without access to traditional finance. As Pierce notes, “the internet didn’t become usable until Netscape because that gave the average person a user interface that was intuitive, simple, friendly — this made it accessible.”

 

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They’re Coming: Stablecoins, Security Tokens, Institutional Crypto

They're Coming: Stablecoins, Security Tokens, Institutional Crypto

Circle research indicates that with the hype of the ICO market becoming a distant memory and Dapps development strong, a market trend reversal is possible in 2019 with stablecoins, security tokens, and institutional crypto leading the recovery.

These findings were released in a retrospective report examining and reflecting on the major achievements, events, performance, and activities of cryptocurrency in 2018.

The report reveals that Bitcoin profited from altcoin drops in value in 2018, gaining a 50% dominance as a result. Its fees, along with those of Ethereum, dropped by 90% over the course of the year. The report also showed how ICO activity reduced in the second half of 2018 due to increased regulation, putting further downward pressure on the cryptocurrency market.

Looking ahead to 2019, the report points out that stablecoins, security tokens, and institutional crypto by providing the solution of real-world problems and adding more certainty to the crypto space as a whole. Part of the problem in 2018, according to Circle, was that the kind of projects being invested in had no real-world impact but where being invested in for short-term financial gain.

It cites this factor as leading to the market crash of 2018 which actually lead to the demise of many worthwhile projects along with solid projections with strong foundations and good teams behind them. However, it is some of these more worthwhile projects which the report sees as re-emerging in 2019.

The company backed global exchange Poloniex and USDC stablecoin, and was the first virtual currency company to be approved by the British government and the first to receive a Bitlicence from New York State in 2015.

 

 

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New Social Messaging, Trading Apps Attempt to Solve Dapp Dilemma

A new decentralized app called DappGram has been launched with claims to enhance communication among global blockchain users. It joins a slew of similar recent blockchain-based social messaging apps such as TronChat, Status and LINE, each hoping to reinvigorate flagging public interest in decentralized applications (Dapps).

Dapps were commonly seen as a practical means to take blockchain technology to the mainstream, with some experts predicting their popularity would one day surpass that of applications built by giant corporations, due to their increasing utility, userbase and network valuation.

However, the thousands of Dapps already created have seemingly failed to achieve the much-touted utility even with superior incentivization models, transparency and decentralized features.

According to its developers, DappGram promises to address the imbalance of information between users and blockchain companies by offering a full range service such as real-time transaction, information access, and other features.

Zerion founder, Evgeny Yuttaev, suggests that most ICOs seem to be in search of the next Bitcoin or Ethereum in search of massive profits, but what is really needed is projects which can change peoples lives, and for this to happen, Dapps need to become mainstream.

The new app hopes to revitalize interest in Dapps by offering more focused features than popular cloud-based mobile and desktop messaging app Telegram. DappGram promises trading quotes, transactions, crypto wallet facilities, and chat with community projects, therefore, enabling the monitoring of the cryptocurrency market in real time. An extra useful function enables users to register with simply their mobile number. In a company statement, it said:

“DappGram is more than an ordinary social network based Dapp, it has been projected to become the largest and best-connected platform in the blockchain industry and aimed to help blockchain players as much as possible.”

Currently, there are 1,565 decentralized apps built on the Ethereum blockchain alone, unsurprising given Ethereum’s historical place in the development of blockchain solutions. However, according to a study by crypto research publication Diar, the usage of decentralized apps on Ethereum has been declining sharply, with users declining 56% from January 2018 to July 2018.

Dapp detractors include Ethereum founder Vitalik Buterin, who feels similar apps which pose a challenge to Ethereum consistently fail, although such a view is hardly surprising given where the network originated from – a smart contract exploit.

 

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