Tag: Adoption

Crypto to accelerate AI adoption — LONGITUDE panel

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Cryptocurrency can accelerate artificial intelligence adoption by helping AI startups onboard users, according to Polygon’s co-founder Sandeep Nailwal. “You can use crypto incentives and disincentives to onboard users to onboard the ecosystem players,” Nailwal said during a panel discussion at the LONGITUDE by Cointelegraph event. He added that projects with effective onchain incentive structures might even “build a better AI because you have this incentive engine that brings in developers,” Nailwal said on May 1. Cointelegraph’s LONGITUDE is an event series that brings together leaders and innovators from the blockchain and…

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Blockchain Education: A Critical Component for Web3 Adoption, Says Veteran Educator

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A blockchain education expert believes that learning about blockchain is crucial for the safe and effective use of Web3 technology. Blockchain Education: Fragmented and Inconsistent According to Pauline Cohen Vorms, co-founder of the Polkadot Blockchain Academy, blockchain education is essential for the adoption of Web3 technology. Vorms, a veteran educator, added that the growing list […] Source link

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Blockchain adoption continues unabated — Bloomberg analyst

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Should the current rate of adoption continue, blockchain technology could have 100 million daily users by 2028, according to projections by Bloomberg Intelligence analyst Jamie Coutts.  On X (formerly Twitter), Coutts pointed out that blockchain adoption has been “unabated” throughout bull and bear markets over the past years. “Not having exposure to one of the largest structural trends of the next decade could be costly,” said the analyst. Daily active addresses exceed 5 million in the third quarter of 2023, up 14% from 2022, according to Coutts, while quarter-on-quarter growth…

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Litecoin halving completes as LTC sees increased payments adoption

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The Litecoin halving event has been completed with block rewards now halved at 6.25 Litecoin (LTC) per block.  On Aug. 2, the Litecoin blockchain went through its automated halving procedure at block 2,520,000. LTC miners are now getting half the rewards and the clock has been reset for the next halving in roughly four years’ time. Litecoin founder Charlie Lee commented on the discrepancies between the different halving countdown timers, suggesting that the NiceHash one was the most accurate. However, all of them agreed on an Aug. 2 date. This…

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The Emerging Frontier: How Bitcoin Adoption Is Growing Where It’s Needed Most

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This is an opinion editorial by Ben Caselin, chief strategy officer for cryptocurrency exchange MaskEx. As we navigate the uncharted waters of the digital revolution, bitcoin is increasingly finding their footing in economies grappling with currency crises. Countries such as Turkey, Lebanon, Nigeria and Argentina are already seeing bitcoin reach, or start to approximate, new all-time price highs, signaling a shift in wealth preservation and financial sovereignty. The thrust behind this trend is multifold, encompassing inflationary pressures, the global dominance of the U.S. dollar and the unique attributes of bitcoin.…

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Amanda Cavaleri On Bitcoin Culture, Adoption And Preserving Wisdom For Future Generations

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Bitcoin possesses a unique identity and qualities that are cemented on the foundation of decentralization. Almost everyone who is doing the work to understand Bitcoin will eventually run into the cold, hard fact that, at its core, Bitcoin is about freedom. To those who have enjoyed individual liberties for their entire lives, the concept of freedom may be watered down or under appreciated. For those who live without it, freedom and individual liberty become pursuits of great importance. Many people who are diving into Bitcoin will find themselves at a…

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With Crumbling Economic Fundamentals, The Future Of Bitcoin Adoption In Norway Is Bright

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This is an opinion editorial by Rune Østgård and Alexander Ellefsen, financial writers based in Norway. Although we don’t have exact numbers on Bitcoin adoption globally, we do know that the global average cryptocurrency adoption rate was estimated to be at about 12% in 2022 and that bitcoin currently has about half of the total market cap of the global cryptocurrency market. Turkey (27.1%) and Argentina (23.5%) topped the 2022 adoption list, and the countries with the most inflation seem to have the highest adoption rates. The oil-rich nation of…

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How Ordinal Inscriptions Will Drive Adoption Of Bitcoin’s Lightning Network

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This is an opinion editorial by Jesse Shrader, the co-founder and CEO of Amboss, a Lightning Network explorer and analytics tool. For years, you could basically only do two things on the Bitcoin network: You could save BTC or you could spend it. Then, a late 2021 privacy upgrade had the unintended consequence of allowing data storage on the Bitcoin blockchain, resulting in NFT-like inscriptions and BRC-20 tokens, both applying Ordinal Theory for asset tracking. The popularity of NFT-like Ordinal inscriptions and the experimental BRC-20 token standard has driven up…

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Introducing The Chief Lightning Officers, Dedicated To Bitcoin Adoption Through Education

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This is an opinion editorial by Tim Niemeyer, co-host of the Lincolnland Bitcoin Meetup and a member of the Chief Lightning Officers. On January 4, 2023 (block 770,402, for those of you keeping score at home), the Chief Lightning Officers (CLO) was created. What started out as a small group of voluntary plebs has blossomed into roughly 50 Bitcoiners engaging in bi-weekly calls with the intent to arm each other with all of the necessary tools and skills to further Lightning adoption at the local level. The plebs that make…

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Web3 usernames may see greater adoption due to recent advancements

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Ever since the Ethereum Name Service (ENS) was launched in 2017, Web3 users have been able to replace the long strings of characters that make up a crypto address with a more easily memorized blockchain username or Web3 domain name. For example, Ethereum users can now send crypto to the network’s founder, Vitalik Buterin, at his username, vitalik.eth, without knowing that his address is 0xd8da6bf26964af9d7eed9e03e53415d37aa96045. But despite this advancement making it much easier to identify users, hardly anyone has taken advantage of it. There are over 200 million unique addresses…

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