TRON, one of the world’s largest and most popular blockchain-based operating systems, has recently announced a new strategic partnership with Talken, Korea’s leading Multi-Chain Decentralized NFT Wallet. As part of this partnership, the two teams will strive to build an NFT world with extensive and borderless content and jointly provide digital creators and collectors with better tools and services for the NFT ecosystem, crypto market, and Metaverse.
Talken is an NFT infrastructure token with a community of over a million users, established to provide users with a secure and convenient NFT asset management platform. It connects NFT participants with extensive assets and grants users one-click access to globally renowned NFT platforms such as OpenSea, Rarible, and NBA TopShot. Meanwhile, Talken supports application-wide actions, including NFT minting, auctioning, storage, and transaction through its software wallet.
Talken has already been deployed on TRON as part of the strategic partnership. As a premium public chain equally competent in its ecosystem, performance, and security, TRON provides a better user experience and diverse asset choices for NFT participants. On the flip side, Talken can bring TRON users a better NFT interactive experience with its efficient one-stop wallet for content creation, auctioning, collecting, and trading.
Following its deployment on TRON, Talken plans to provide TRON users with unique co-branded NFTs that have both commemorative and monetary value and offer additional benefits to NFT holders to promote the partnership between the two. Going forward, Talken will deepen its collaboration with TRON for the shared prosperity of the two communities.
The TRON ecosystem has gained incredible traction in recent years with over 52 million users on the blockchain and upwards of 2.3 billion transactions. In addition to the public chain, TRON also leads other races such as DApps, DeFi, GameFi, and NFT and boasts the largest circulating supply of stable coins across the globe.
About TRON
TRON is dedicated to accelerating and the decentralization of the internet through blockchain technology and decentralized applications. Founded in September 2017 by Justin Sun, the company has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the acquisition of BitTorrent, a pioneer in decentralized services boasting nearly 100M monthly active users. The TRON ecosystem has gained incredible traction in recent years, with over 52 million users on the blockchain and upwards of 2.3 billion transactions. In addition, TRON boasts the largest circulating supply of stable coins across the globe, overtaking USDT on Ethereum in April 2021.
Talken is a multi-chain decentralized NFT wallet with the largest community. It is a seamlessly interoperable multi-chain NFT Suite, where K-pop stars, artists, and influencers can mint, auction, store, and trade NFTs. Talken is an open NFT ecosystem bridging untapped NFT enthusiasts of Korea to Talken’s native NFTs and other famous NFTs by protocols such as NBA TopShot, Rarible, OpenSea, and more. Our mission is to push for an inclusive and border-less NFT expansion, and empower digital creators and collectors with better tools and services to bring NFT mainstream.
Press Release:No-code NFT platform Guradianlink.io announces its strategic partnership with Beyondlife.Club, an exclusive platform for artists, brands, and celebrities from different fields of entertainment.
3 September 2021, Singapore — Influential Indian actor, producer, and TV host Amitabh Bachchan is all set to launch his first set of NFTs with BeyondLife.Club, powered by Guardian Link. The blockchain R&D company will partner with the exclusive brand platform BeyondLife.Club, owned by Rhiti Entertainment, Singapore to make the purchase of NFT art belonging to Amitabh’s legacy a reality for any individual.
Taking NFT Art Global
This sphere creates a platform for global artists, athletes, and celebrities where they launch their first-ever NFTs, an exclusive curated collection presented at a global scale. NFTs preserve information on a digital ledger (blockchain network) guaranteeing a certificate of authenticity to a digital asset, can be uniquely identified, and are trackable via the blockchain network that offers proof-of-ownership to its collectors.
NFT sales volume is experiencing huge growth in the market, with $2.5 billion in sales recorded in the first half of 2021. The extensive team of researchers at Guardian believes that now is the perfect time to enter the NFT space, as many celebrities and influencers introduce exciting new projects. Arun Pandey, MD & Chairman of Rhiti Group stated that the biggest motivation behind this venture is to empower artists, celebs & athletes globally and at the same time help the diehard fans to get their hands over the purest form of the content.
Guardian Link is a unique project and it has three core aspects that are critical to making NFTs mainstream. These three core foundations are its No-Code NFT Launchpad & Marketplace, Anti.Rip technology, and a solution called Wallet Cipher.
No-Code NFT launchpad & Marketplace Creation
The No-code NFT launchpad allows creators to mint and sell their NFTs within three minutes via their own curated launchpads. BeyondLife.Club would be the first to accelerate this. At Guardian Link, royalties remain intact even with cross-blockchain and cross-marketplaces. Guardian Link also allows NFT marketplace creation, where NFTs can be flexibly traded. It is considered to be similar to OpenSea or Rarible.
Anti.Rip Technology
Anti-Rip AI SPYDER Technology allows NFTs to be monitored across the web for duplicates, Rip-offs, and copycats that can damage the authenticity and impact the auction. The Anti.Rip AI technology is trained to extract the DNAs of NFTs from their respective decentralized file systems, including Pixel, Quantization, Geometric, Fourier transform, Filtering, and Segmentation. Guardian Link keeps a record of all NFTs, and shares information in the unlikely event of any duplications discovered with their constant surveillance. It also verifies NFTs to be authentic, offered to the buyers.
Wallet Cipher
Guardian Link’s wallet cipher observes the creator’s and collector’s wallet addresses to assure no manipulation in the price of the NFTs. Detailed real-time tracking also happens across blockchains to arrive at a trust score to be defined for their wallets. This ensures the legitimacy of the entire NFT commerce ecosystem.
Founders & Team
Leading from the front, Keyur Patel, the Co-Founder and Chairman of Guardian Link, Ramkumar Subramaniam, Co-Founder & CEO helming the project to democratize NFT commerce with astounding technology partnerships and insight into future trends. Arjun Reddy (Co-Founder & CTO), the mastermind behind many blockchain products and has this intuitive vision to bring dlt in real-world use cases, Kamesh Elangovan (Co-Founder & COO), a crypto expert who executed 50+ token launches. This blockchain-driven entity aims at protecting the NFTs using their Anti-Rip AI Engine and also to ensure royalties for creators across various marketplaces and blockchains.
Ramkumar Subramaniam, Co-Founder & CEO of Guardian Link stated that:
“Our entire team is happy to see our research efforts culminate to create this moment. NFTs are going to govern every aspect of Fintech very soon and Guardian Link will serve the NFT ecosystem from every angle.”
Guardian Link is a face of intensive work methodologies, technological experts on the table, and a team of 350 crypto avengers that has developed since 2016. Their research and development belong to the arena of blockchain technology and its business on a global scale. Guardian Link’s base in blockchain technology is here to analyze and rectify the current and future issues under NFT and crypto space. The entity provides key solutions for the stakeholders and supports the journey through, to be more aware and technically equipped.
Media Contact Details Contact Name: Ramkumar Subramaniam Contact Email:info@guardianlink.io
Guardian Link is the source of this content. This Press Release is for informational purposes only. The information does not constitute investment advice or an offer to invest.
Binance and APENFT are co-hosting the “ApeAvatar” charity mystery box event on September 6. Centered around charity, the 60-day event incorporates NFT celebrity avatars and mystery boxes of designer toys to unleash greater potential for the NFT ecosystem. This marks another collaboration between the two after the “Genesis” NFT auction in June.
It is understood that the “ApeAvatar” event comprises two major sections – charity avatar claiming and the sale of select mystery boxes.
APENFT will create well-designed cyberpunk-style NFT avatars of 50 global influential people including Justin Sun (founder of TRON) and Changpeng Zhao (founder and CEO of Binance) for them to claim. For each of the avatars claimed, APENFT will donate $5,000 to international philanthropic organizations such as One Tree Planted and Koala Clancy Foundation in support of their tree planting projects.
In addition to the novel “celebrity + charity” activity, a select series of mystery boxes in a similar style to the celebrity avatars will also be launched at the event. This series features the classical Mona Lisa and David of Michelangelo, with each image composed of three independent parts – body, clothing, and colors – to endow the NFTs with uniqueness.
Earlier in June, APENFT joined hands with Binance and TRON and hosted the first auction on Binance NFT, which was titled “Genesis”. At the exclusive auction, the NFT version of “Three Self-Portraits” by Andy Warhol, a household pop artist, was sold for a spectacular $2.8 million. A total of 100 NFT artworks from the three series derived from “Three Self-Portraits” were sold out on Binance NFT as well. The auction concluded with record success on all fronts, including the quality and quantity of auction items and the closed deals.
APENFT and Binance are working together again to launch this ApeAvatar event, drawing on the clout of KOLs on social networks for charity auction and leveraging the blockchain technology and NFT to boost support for philanthropic activities. This event showcases the potential in NFT, as well as the commitment of APENFT and Binance to the NFT field.
APENFT is backed by the underlying technology of top-notch blockchains Ethereum and TRON with support from the world’s largest distributed storage system BitTorrent to deliver the mission of registering world-class artworks as NFTs on the blockchain. The foundation owns a collection of works by famous artists such as Pablo Picasso and crypto artists Beeple and Pak, with a total value of more than $30 million.
Embodying the combination of “art + technology”, ApeAvatar guides people to co-build the Metaverse and to create a new era of digitalization, during which APENFT and Binance NFT will serve as a bridge for this great migration while fulfilling their own missions.
EQIFI is a leading DeFi platform powered by the global digital bank, EQIBank
EQIFI has chosen Tezos to launch new yield and lending products
British Virgin Islands, September 2, 2021 — EQIFI, a regulated and licensed decentralized finance platform, has announced new products supporting the Tezos blockchain ecosystem. EQIFI has chosen Tezos because it is a leading Proof of Stake network with time-tested on-chain governance, an active DeFi (decentralized finance) ecosystem, and a global community of builders and creators. This new product launch cements EQIFI as a leader in the DeFi space and as the world’s first seamless bridge to decentralized finance.
EQIFI will offer Tezos staking and borrowing services to its global customer base. EQIFI is powered by EQIBank, one of the world’s leading licensed and regulated digital banks. EQIFI operates under a community-focused, decentralized standard through its native EQX token. This allows community members to provide input on decisions such as listing and delisting assets and tokens, adjusting interest rates according to the market, and modifying collateral limits.
“A product offering with an industry leader such as Tezos signifies the bar EQIFI is setting in the DeFi space. Providing exposure to Tezos holders for staking and borrowing is just the next step in positioning EQIFI to become an industry leader.” – Jason Blick, Chairman of EQIFI
Tezos is one of the original Proof of Stake smart contract layer one blockchains. Since launching in 2017, it has successfully upgraded itself seven times, logged millions of transactions, and attracted a vibrant, global community. Developers are able to easily build powerful tools and products, while new users can explore NFTs, DeFi, DAOs, and more across hundreds of decentralized applications running on Tezos.
Tezos’ Proof of Stake design means it can operate in an energy-efficient manner, consuming over two-million times less energy than popular Proof of Work networks – this makes it an ideal platform for building blockchain applications that are energy-efficient and sustainable.
EQIBank offers competitive rates, 24/7 service, trusted security and an innovative, simple online global banking experience. EQIBank provides bank accounts, loans, custody, debit and credit cards, over the counter, and wealth management to EQIFI and all its qualified clients.
EQIFI, the first DeFi project powered by a licensed and regulated digital bank, is setting new standards, establishing trustless transactions, and driving real-world adoption. EQIFI’s infrastructure is optimized for real-time digital interactions. We are at the forefront of embracing today’s ever-demanding culture that wishes to embrace the evolution of digital technologies. For more information, visit EQIFI’s website.
About Tezos:
Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. For more information, please visit tezos.com.
QED, a multichain oracle aggregator for businesses, offers solutions to businesses leveraging smart contracts linked depending on tamper-proof external data in their operations.
Recourse over Blockchain Scaling
According to the platform developer, in a series of Twitter posts on August 31, QED has an oracle model with a baked-in financially-incentivized arbitration system offering recourse without sacrificing trustlessness or diminishing the benefits smart contracts provide for users, including businesses.
Smart contracts automate processes through the blockchain. Since operations are via an immutable platform, there must be modes of resolving sometimes inevitable conflicts due to the irreversibility of such transactions even when there are errors. In traditional systems, third-party arbiters complement insurance to offer guidance. However, the existence of self-executing contracts and the increasing demand from businesses to eliminate human involvement calls for prudence. This translates to reliance on dependable solutions in ensuring a near-flawless mode of operations.
It is convenient in businesses where hundreds of millions of value are at stake. Therefore, the veracity of external data processes via oracles must be top-notch without error because of how subsequential such errors can amplify losses. As such, the ability of the trustless platforms to offer recourse, in QED’s view, is more critical for businesses than on-chain scaling efforts.
Present solutions, Origin, the developers of QED, observe, don’t factor in the commercial risks whenever smart contracts are deployed. Often, smart contract coders would use the same aggregation formulae, accuracy measures, and other general risk checks when launching operations. Subsequently, this leads to the execution of single or multi-million value systems, exposing user capital to otherwise preventable risks throughout the execution loop. Moreover, collusion risks can open the door for users bent on gaming the system because of poorly drafted tokenomics.
QED is a Commercial Innovation
Origin’s solution, the developer says, can aptly meet the evolving requirements of businesses. This, however, is without dumping down on the platform’s capabilities of high reliability, interconnectedness, and robust architecture, an improvement of the Delphi Oracle.
The resulting solution, Origin explains, is practical and multi-faceted, designed to meet diverse business needs concurrently and reliably. QED can scale as technological innovation and a commercial solution meeting sacrosanct requirements of anchoring intensive business dApps who prefer data quality linking to their smart contracts, flexibility in blockchain connection, and high throughput.
According to QED, the ability to offer automated recourse as part of data quality control is classified as one of their primary features. The protocol requires node operators to provide external collateral as a bond to their smart contracts. This way, the multichain aggregator oracle protects against systemic risk.
In case of errors from the node operators approving false data, there is a post-execution resolution process for restitution without affecting the execution experience. QED also has a scoring system for Oracles, creating a macro survival bias that rewards consistency and value.
Countering Risks and Advancing Efficiency
The decision to demand external collateral—proportional to the smart contract risk– for data verifying nodes ensures consistency in providing reliable data. Concurrently, this model rewards high-performing, dependable Oracles by automatically skewing reward allocation to providers historically proven to have been supplying credible data.
In addition, with the decentralization of the underlying base layer and suitable tokenomics designed to eliminate collusion risks, QED can supply smart contracts in proportion to the commercial risk involved.
The resulting model brings more efficiency and economic viability during smart contract execution and for businesses incorporating Oracles. The Oracle aggregator has also stated that it shall distribute its token, QED, over time as adoption picks up. The goal, they explain, is to keep the system in a “healthy state.”
Being a fast-paced company in the medicinal cannabis industry and the founder of a crowdgrowing (e-growing) business model, JuicyFields has broken many boundaries. JuicyFields has created a highly effective blockchain ecosystem in the industry without limiting itself to certain countries or territories while staying on the legal side. In fact, blockchain industries are showing huge growth in the last few years.
JuicyFields operates exclusively with high THC (over 12%) content cannabis which is strictly regulated by government authorities despite an array of favorable changes on the legislation level in different countries, including its removal from the 4th list of world’s most dangerous drugs by the United Nations on December 2nd, 2020. However, a positive trend of altering public opinion in favor of using psychoactive cannabis for medicinal purposes continues its development in 2021, as witnessed in countries like Belize, Mexico, Costa Rica, and others. All these together create a firm foundation for the development of the crowdgrowing business.
The essence of this business model is the possibility to scale volumes without any limitations by choosing licensed partners, supporting them with all the necessary resources (funds, education, mentoring, quality assurance standards), and assisting them in sales distribution of the end-customer product.
This way, all parties, including the e-growers (actual platform users), the platform itself, cultivating partners, investors and sales distributors, win and keep reinvesting in the crowdgrowing business.
The results achieved in the third quarter of 2021 are impressive for the company that launched the JuicyFields.io platform in 2019 and introduced a brand-new concept of e-growing to the industry:
135,000 users on the platform;
agreements for cultivating medicinal cannabis plants at the licensed partners’ facilities exceeding 56,000 sqm;
37 tons of medicinal cannabis cultivated on site.
The European market is a primary focus for JuicyFields, for which the company accumulates its resources on a global scale to provide the finest medicinal cannabis products.
The geography of JuicyFields includes but is not limited to such EU countries as Portugal, Germany, Netherlands, Switzerland, Denmark, Spain, and the following countries of Latin America and Africa — Mexico, Colombia, Costa Rica, South Africa.
JuicyFields’ partner facilities — TERRA CANN in Colombia are now progressing to new levels to construct the 10,000 m2 automated greenhouses and 1,000 m2 laboratory. The new facility aims to help the local Colombian farmers who lack production sites and technological advancement to process their products and sell them to African, European, and other markets.
Several letters of intent (LOI) for THC oil and dried flowers have already been signed between TERRA CANN and distributors with the possibility to increase the volumes in multiple progressions.
Besides, JuicyFields branded products are already available at ‘The Greenside’ classy cannaporiums and club venues in South Africa.
Furthermore, the dried and processed cannabis flowers at the Portuguese partner’s facility — Sabores Púrpura, with strict compliance of EU GMP, are being distributed within the European market. At the same time, the partner is getting ready to launch its own production lines with a full cycle.
One of the first and young startup projects that JuicyFields supported was Cannabis International in Denmark. It has displayed credibility right from the initial development stage. Therefore, a fresh round of investments is now intended to build a new modern greenhouse to produce branded products and premium quality dried flowers in 2022.
Apart from the facilities mentioned above, the new ones are expected to be launched soon in Costa Rica and Mexico. Meanwhile, the existing facilities and plantations are expected to produce 75 tons of harvest by the end of 2021.
On a final note, the emerging blockchain platform JuicyFields has evidently managed one of the seemingly impossible things in this highly regulated industry in the world! The company was able to remove geographical barriers by presenting people with a legal and simple possibility to support the medicinal cannabis movement, regardless of their place of origin.
Thanks to the strong performance of cryptocurrencies in the market (Bitcoin alone is up over 300% in the last year), the number of people that own crypto has seen a sharp increase. And while many cryptocurrency owners are happy with just passively HODLing their coins, others are looking to actively use the technology and experience its unique advantages. Cryptocurrencies enable 24/7 transactions anywhere in the world, typically at much faster speeds and lower costs than using traditional banking and remittance services.
The top 5 coins for crypto betting
Thanks to these benefits, cryptocurrency is also being adopted quickly in the world of betting. These crypto bookmakers all accept Bitcoin, but many of them also support other popular cryptocurrencies to give customers a wider range of options. In this article, we’ll be taking a look at the top 5 cryptocurrencies that are supported by the best crypto bookmakers and highlight some of their most important advantages and disadvantages.
1. Bitcoin
Bitcoin was the first ever cryptocurrency and remains the most valuable and widely adopted coin on the market today. Accordingly, practically every bookmaker that accepts crypto offers Bitcoin as one of the available payment options, and some bookmakers are even Bitcoin-exclusive.
Bitcoin is almost certainly the safest cryptocurrency to use – the network is secured by a huge network of miners, making it almost impossible for transactions to be tampered with. If you don’t mind waiting a bit longer for your deposit to be credited, Bitcoin is definitely a solid choice. When using Bitcoin on crypto betting platforms, keep in mind that many crypto bookmakers use the mBTC denomination, which means one-thousandth of a BTC. 1 mBTC is the same as saying 0.001 BTC.
Bitcoin pros:
Accepted by almost all crypto bookmakers
Easy to buy on almost any cryptocurrency exchange
A lot of wallet options
Extremely secure
Bitcoin cons:
Transactions are relatively slow and expensive
2. Ethereum
Ethereum has been gaining huge momentum recently thanks to its smart contract capabilities. While Bitcoin is laser-focused on simple peer-to-peer transactions, Ethereum expands on the idea of cryptocurrencies and allows anyone to create intricate decentralized applications that function directly on the blockchain. People who enjoy betting can also access prediction markets on the Ethereum blockchain, if they want a firsthand experience of how decentralized applications work.
Since Ethereum is the world’s second largest cryptocurrency, it’s also accepted by a huge number of crypto bookmakers. While ETH transactions are faster than BTC transactions, they can unfortunately sometimes also be more expensive. When a new DeFi application or NFT collection generates a lot of hype, the Ethereum network can get clogged up fairly easily, leading to a rise in transaction costs. Things are likely to improve in the future though, as the ongoing transition to Ethereum 2.0 is poised to solve many of Ethereum’s current shortcomings.
Ethereum pros:
Can also be used in decentralized applications, which includes prediction markets
Faster transactions than Bitcoin
Easy to purchase
Ethereum cons:
Transaction fees can be very expensive when the network is congested
Compared to Bitcoin, Ethereum is supported by a slightly smaller number of crypto bookmakers
3. Litecoin
Litecoin is often explained with the following comparison – if Bitcoin is gold, then Litecoin is silver. That’s because Litecoin has a lot of similarities with Bitcoin, but has a leaner design and offers an overall smoother user experience. In comparison with Bitcoin, Litecoin has a 4x larger maximum supply, 4x faster block times, and a different cryptographic hash function – it uses Scrypt instead of Bitcoin’s SHA-256.
As a result, transacting with Litecoin is cheaper and faster than using Bitcoin. If you already have experience with Bitcoin, you can get used to Litecoin very easily, thanks to the numerous similarities between the two cryptocurrencies. If you’re finding that your transaction fees are a bit too high for your liking, Litecoin is definitely a strong alternative to Bitcoin.
Litecoin pros:
Faster and cheaper transactions
Easy to grasp for people who know how to use Bitcoin
Solid choice of different wallets, is available on most crypto exchanges
Litecoin cons:
The security of the Litecoin network is not as bulletproof as with Bitcoin
Might not be accepted by every crypto bookmaker
4. Tether (USDT)
USDT is a stablecoin issued by the Tether company. While other cryptocurrencies we’ve covered in this list can show massive price swings in a very short time, USDT is designed to trade as close to $1 as possible at all times.
This is because Tether ensures that 1 USDT can be converted into 1 USD, and keeps a reserve of funds to cover all the USDT tokens in circulation – at least in theory. In reality, the reserves backing USDT have been the subject of a lot of controversy. Regardless, USDT is still hugely popular in the cryptocurrency market and has mostly been successful at keeping its $1 peg.
If you want to use a crypto bookmaker but want to avoid the volatility of Bitcoin and other cryptocurrencies, USDT is one of the best options to consider. In many cases, it’s the only stablecoin option supported by crypto betting platforms.
Tether pros:
Listed on almost every cryptocurrency exchange
Available on different blockchain networks (check with your bookmaker about their supported USDT networks)
Minimal price volatility
Tether cons:
Not decentralized
Users have to trust that the issuer will be able to maintain the $1 peg
5. Dogecoin
Dogecoin is a prime example of meme coins – these are cryptocurrencies that have some kind of humorous element, and are usually not taken as seriously by the community as Bitcoin and other similarly ambitious projects.
However, this doesn’t mean that Bitcoin is just a joke. It currently has a market capitalization of over $40 billion and a highly dedicated community that promotes its adoption. Thanks to its popularity, Dogecoin has also made its way on many crypto betting platforms. Dogecoin’s main advantage is that its transactions are relatively fast and cheap, and you can also get your hands on some DOGE on practically every cryptocurrency exchange.
Dogecoin pros:
One of the most popular cryptocurrencies in the world
Available on many crypto exchanges and betting platforms
Relatively fast and cheap transactions
Dogecoin cons:
The price can be extremely volatile
Not as secure as Bitcoin or Ethereum
Choose the coin that’s best for you
Whether you’re sticking only to Bitcoin or also like to branch out into other cryptocurrencies, there’s a good chance that you’ll be able to find a solid crypto bookmaker that accepts your coin of choice. When choosing which cryptocurrency to use, it’s important to consider the trade-offs between speed, security and availability. An interesting option are also stablecoins like USDT, which allow you to avoid the price volatility risk that’s inherent in most of the popular cryptocurrencies.
App developer and notorious leaker Alessandro Paluzzi found evidence in the code of the latest beta version of Twitter’s iOS app that BTC support is on the way
Just a few hours after the leak, Paluzzi findings were confirmed by Twitter’s product lead Kayvon Beykpour
Bitcoin will soon be listed among the supported payments methods for Twitter’s new Tip Jar feature
Twitter seems to be laying the groundwork necessary for the implementation of Bitcoin tips into its new feature called Tip Jar. Mobile app developer and researcher Alessandro Paluzzi was the first to notice that the code in the latest version of Twitter’s iOS beta app adds support for Bitcoin. Soon after Paluzzi shared his findings on social media, Twitter’s product leader Kayvon Beykpour confirmed that the social media giant will indeed be adding Bitcoin support in the near future.
Bitcoin will join Paypal, Patreon, Venmo, Bandcamp and Cash App as one of the supported payment methods that will let users make use of the Tip Jap functionality. While the date when users will be able to send and receive Bitcoin tips is yet to be determined, there is some information that was made public that describes how the new feature will work.
Here’s what the text from the beta app says:
“Bitcoin is the world’s first widely-adopted cryptocurrency. It’s a new kind of digital money that lets people securely and directly send money to each other on the internet. The Lightning Network is a technical innovation that allows for faster payments with lower fees than Bitcoin’s primary network. We use Strike to generate Bitcoin Lightning invoices so you’ll need to connect your account to accept Bitcoin tips.”
Twitter will be using Strike’s service in order to take advantage of the lighting network benefits, such as faster transactions and lower transaction fees when compared to transactions made directly on the Bitcoin network. This means that in order to use the new feature, a Strike account will be required.
Jack Dorsey’s Twitter and Square fully embrace Bitcoin
The latest news about Twitter adding Bitcoin support was to be expected. During Twitter’s Q2 earnings call, CEO Jack Dorsey took the opportunity to make his intentions about integrating Bitcoin into his companies’ products and services public for the first time.
In the letter to its shareholders, Square’s Cash App listed Bitcoin as one of the main reasons for the company’s successful second-quarter performance. Integration of the world’s largest cryptocurrency in the platform’s offering was reportedly an important aspect behind Cash App’s continued success. The company stated that it considers BTC an integral part of its ecosystem. During the quarter Bitcoin drove a staggering $2.7 billion in gross revenue.
Jack Dorsey has repeatedly made his support for Bitcoin known. For instance, Dorsey appeared alongside another famous tech CEO Elon Musk at the event hosted by B Word Conference, where the pair agreed that Bitcoin and cryptocurrencies, in general, are the only viable antidote to the currently predatory banking system.
If there was any doubt about how widely used Ethereum is in regards to online gambling, then that should all be eliminated following the news that was recently made public. Of course, Ethereum is one of the biggest cryptocurrencies to have become available over the last few years, with the coin likely to be the main challenge to Bitcoin, as both continue to show strong numbers in regards to trading prices.
Although it is not as strong as its counterpart, Ethereum`s price is going to break past $3,000 this year. However, just like Bitcoin, the token is also extremely volatile and has had its moments where it has seen its value decrease. Nonetheless, it still remains popular for those who prefer crypto gambling in a cryptocurrency casino accepting Ether as a deposit or withdrawal method in their favourite games.
Ethereum network congestion
A few days ago KingTiger Casino highlighted that Ethereum has caused them a slight problem; albeit one that goes to show just how fashionable it is to use these days. According to a statement that has been provided by KingTiger Casino, the online operator had to temporarily close their platform due to congestion being suffered on the Ethereum network. This meant it was impossible for them to run their games and make them available to users wishing to use crypto.
Now, whilst that would not have been ideal for business, there will be some suggestion that the incident shows just how widely used the token is and that there are a number of people turning to Ethereum for the crypto gambling experiences. Of course, there is an element of affordability to it, as the coin is only a fraction of the price of Bitcoin at the moment, but there is evidence that it is becoming just as mainstream as its counterpart. KingTiger are said to be currently looking for new solutions that will allow them to host a new range of features and games for their players, but they have continued to allow users to be able to access their digital wallets despite their services being temporarily down.
Owned and operated by Funfair Technologies, the casino still allows users to create new wallets, as well, whilst those who own wallets already will be able to retain control over their assets as they confirmed in a statement that they can be kept where they are or they can be transferred to another ERC-20 address.
Ethereum continues to gain attention
Despite a number of problems that have recently been faced by Ethereum, the crypto coin continues to show that there is demand for it and one that does not appear to be slowing down any time soon. The fork that is on the blockchain has had a couple of issues as it was aimed to resolve the coin’s problems related to network scaling and fluctuating transaction fees, although the rise of non-fungible tokens (NFTs) and decentralised finance had only added further stress to the Ethereum network. An update that was applied had managed to create 800 deflationary blocks that could be formed when Ether burns overtook the mining rewards, which as a result, decreased the supply of the coins temporarily, thus increasing the price to the $3,000 mark.
Transaction fees remain high
Despite the rise in appeal around Ethereum, users will still be disappointed with the high transaction fees that can be experienced when using the digital currency. It has been found that many of the transactions that take place cost around $20 on average, although there have been some that have managed to cost upwards of $30 in places, thus highlighting just how high the fees can be once a transaction is made.
