Tag: decentralized

How to utilize AI agents in decentralized finance (DeFi) platforms

coiner

Key takeaways AI agents in DeFi are self-operating apps that can help navigate by optimizing trading, adding risk management and market analysis without human intervention. These agents integrate with DeFi platforms through smart contracts, offering automation for tasks like portfolio rebalancing, yield farming and enhanced security. AI trading agents adapt to real-time market conditions, identifying trends and executing trades 24/7 across multiple platforms. Despite their potential, AI agents face challenges such as reliance on high-quality data, regulatory uncertainties and vulnerability to security risks. Imagine a world where trading is no…

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Computer Scientist: Users Will Value Decentralized Systems More as Web3 Tech Matures

coiner

The general public is not actively concerned about whether applications are decentralized because they often cannot tell the difference between centralized and decentralized systems, according to Cais Manai, co-founder of Obscuro Labs. What matters more to them, Manai argues, is how decentralization can address real-world issues. Users Set to Value Decentralized Systems More As an […] Source link

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Dash Launches Evolution Platform, Ushering in a New Era of Decentralized Applications

coiner

Dash has officially launched its Evolution platform, marking the biggest release in the cryptocurrency’s history. The Evolution chain is now live, producing blocks, executing data contracts, and sending files to decentralized storage. This platform, which began as a vision for blockchain-level usernames and contact lists in 2015, has evolved into a comprehensive decentralized application platform. […] Source link

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Decentralized Exchange Velocore Confirms Breach, Reports $6.8 Million in Financial Losses

coiner

The decentralized exchange Velocore confirmed a breach on its platform on June 2, during which attackers stole ethereum tokens worth an estimated $6.8 to $10 million. The Velocore team is actively pursuing the hackers and is open to negotiating a settlement. Hackers Exploited Vulnerabilities Within the CPMM Pool Contract The decentralized exchange Velocore on Zksync […] Source link

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Block's Decentralized Bitcoin Protocol tbDEX Goes Live In Africa

coiner

In a move toward bridging traditional financial systems with the burgeoning world of Bitcoin, TBD, a branch of Block specializing in decentralized technology, unveiled its open source protocol, tbDEX. The protocol, designed to foster trust and liquidity across diverse financial landscapes, has seen its first adoption by Yellow Card, Africa’s leading cryptocurrency exchange, according to a press release sent to Bitcoin Magazine. tbDEX offers an open source liquidity and trust protocol facilitating seamless value exchange and transactions among individuals and institutions globally. Its core innovation lies in enabling financial institutions…

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Bitcoin: The World's First Decentralized Organization

coiner

Comparisons between the market capitalization of Bitcoin and publicly traded companies used to make me wince in frustration. Trying to contrast the world’s first successful digitally native currency to a single industry is narrow minded, let alone a single company. However, as I continuously surrender to the process of meeting people where they are on their bitcoin journey, I realized I can use this comparison to illustrate Bitcoin’s strengths in a different way. Rather than trying to conceptually pull Bitcoin up to the level of global currencies, I suggest conceptually…

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Is fully decentralized blockchain gaming even possible? – Cointelegraph Magazine

coiner

Despite promises of “decentralization” and “trustless ownership,” the vast majority of crypto games today are, at best, partially decentralized. Web3 is the branding, but in reality, most are “Web2+.” Game assets live on-chain, yet the game logic, state and storage remain off-chain on centralized servers. Why? Simply put, it’s not easy to build a fully decentralized game on-chain. Blockchains in 2023 are still far too slow for processing the gargantuan number of transactions that video games require. Lattice CEO Ludens tells Cointelegraph: “Building a fully on-chain game right now is…

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UTXOracle: A Decentralized Approach To The Oracle Problem

coiner

This is an opinion editorial by Daniel Hinton, the head of finance and operations for sFOX, a bitcoin prime broker and custodian, and Steve Jeffress, creator of Bitcoin UTXO set visualizer UTXO.live. We now know how to infer the daily price of bitcoin within 1% by looking only at the unspent transaction output (UTXO) set. With this, we can build decentralized applications that rely on the UTXO set — rather than on trusted third-party oracles — for the USD price used in discreet log contracts (DLCs) and smart contracts. The…

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