2024.03.28 03:28 Fairdesk-Exchange Vow introduces the next steps in cryptocurrency development
submitted by Fairdesk-Exchange to u/Fairdesk-Exchange [link] [comments] Vow introduces the next steps in cryptocurrency development The cryptocurrency industry has seen a significant surge in popularity since the beginning of 2021, with institutions and individuals pouring into this rapidly growing space. While the barriers to entry have lowered significantly since its inception a decade ago, there are still sticking points that make wider adoption difficult, especially when interacting with local fiat currencies. There is a need for an effective and efficient liquidity bridge between cryptocurrencies and merchants, which will only become stronger as the industry grows. Additionally, the influx of new players, most of whom are retail investors or traders, is leading to increased volatility, which threatens to make the industry’s mass adoption in mainstream finance unsustainable. There is a need for a solution to accelerate cryptocurrency and stablecoin acceptance that does not fake merchant acceptance of cryptocurrencies by automatically converting cryptocurrencies to fiat using prepaid cards or crypto-to-fiat gateways. Vow's mission is to issue or list on adecentralized platform and build itself into a universal bridge for global commercial cryptocurrency acceptance. This approach is the basis for blockchain-based platforms and brings a more equal distribution of benefits to similar projects in the crypto space. All of this demonstrates Vow’s commitment to expanding commerce through the application of blockchain-based technology. However, at its core, Vow’s solutions are fundamentally commercial and strategic in their implementation. Vow examines key issues in merchant interactions and applies a specific business-led solution that leverages the innovative new frontiers of blockchain and cryptocurrency. Vow’s model embodies the shift in business toward an ecosystem-led approach—a trend that encourages companies to build for all stakeholders, not just shareholders. Its tokens, which Vow calls “vcurrencies,” are fixed-value discounted tokens issued by merchants in lieu of their usual “promises” of rewards. Instead of offering cash back or discounts, merchants simply reward customers with more valuable vote tokens. Customers can then collect their tokens and redeem them for merchant services at the vow currency price at any time in the future. Vow’s “platform” exists as an ecosystem of merchants and customers, allowing those customers to use their tokenized rewards across a wide selection of merchants, effectively building a localized currency. All of this demonstrates Vow’s commitment to expanding commerce through the application of blockchain-based technology. However, at its core, Vow’s solutions are fundamentally commercial and strategic in their implementation. Vow examines key issues in merchant interactions and applies a specific business-led solution that leverages the innovative new frontiers of blockchain and cryptocurrency. Vow’s unique merchant-led, decentralized ecosystem approach will not only facilitate the adoption of cryptocurrencies and blockchain in commerce, but will pave the way for more innovation in the future, triggering an industry-wide embrace of new technologies. |
2023.10.02 10:06 Sosojoy Weekly Wrap: Plug into SmartCon 2023, Even If You Can't Attend the Conference IRL! - September 25 - October 01
Chainlink News and Announcements🔹 Watch the livestream🔹 Catch a local watch party 🔹 Attend a side event in Barcelona https://preview.redd.it/3ml774iyqnrb1.png?width=2500&format=png&auto=webp&s=29911012ad810aa0c214a07c1d5dd80cbf152598 Below are side events that you won't want to miss: A 500+-person Web3 gaming event created to delight, inspire, and connect onchain gamers. Join us in the heart of Barcelona for "DeFiesta," a networking experience featuring leaders from across the Web3 ecosystem. Join a curated group of boysclubcrypto and Chainlink friends post SmartCon. Need a recharge during SmartCon? Step out to Manso's Café for a break. Link TOADs x Dolomite Smartcon Rooftop Kickoff Party LToads is a community NFT project. Join them for fun, food, and dancing. A community-driven gathering hosted by IOV Labs - Rootstock. Connect, network, and enjoy some cocktails. Don't miss this opportunity to connect with fellow Web3 enthusiasts and explore the potential of decentralized governance. See you there! Join Michael Kong, Fantom's CEO, after his session at the conference as we transition into a night filled with cocktails, food, and music. Don't have a ticket? You can still watch SmartCon live online. Register for the virtual experience and set your schedule. Hear from the biggest names in technology and finance from the comfort of your own home. https://preview.redd.it/dvaivl38snrb1.jpg?width=679&format=pjpg&auto=webp&s=f87c7bece54904d98036ec60f597d55ef0e7b57e Explore the frontier of Web3 alongside the Chainlink community in your local area. Find a watch party near you. https://preview.redd.it/xu996pk5snrb1.jpg?width=679&format=pjpg&auto=webp&s=190874b7058ff30434cbe4009c4fb92a141b8884 SmartCon 2023 condenses the insights of 240+ speakers into 150+ panels, presentations, and keynotes across two jam-packed days. If you're joining us in Barcelona or tuning into the livestream, here are seven SmartCon presentations you won't want to miss. https://preview.redd.it/0npolz5hsnrb1.png?width=507&format=png&auto=webp&s=2fd13a58ee6050e9daee0a5999cccf076ba72cb1 At the Chainlink Hacker House in Barcelona, hundreds of Web3 builders have gathered for an intensive 30-hour coding session. Beginners are going from zero to dev, experts are finding their future co-founders—and all are learning how to use new tools from the best devs in Web3. The Chainlink Hacker House Prize Winners Have been Announced! Congratulations To All the Winners! CCIP Prizes:
@aavegotchi @AbyssWorldHQ @BlueKrakenOn @Chronos_io @CyberTitansGame @EleRaiders @FoxtrotCommand @Galaxisxyz @illuviumio @neobredio @openfortxyz @Planetix0 @SpaceandTimeDB @WorldChallengeG https://preview.redd.it/vpx9xt3lsnrb1.jpg?width=680&format=pjpg&auto=webp&s=49e18dacae47b71dc6a84f4ca08c471c985bd32c Discover how CCIP empowers apps built on Base to scale faster and connect to Web3's rapidly expanding multi-chain ecosystem. Base devs, it's time to expand the frontier of cross-chain development. Dive into the CCIP docs and start building a cross-chain dApp today: https://docs.chain.link/ccip/supported-networks#base. https://preview.redd.it/m562dvqmsnrb1.png?width=1474&format=png&auto=webp&s=eaf720f25b9ee83bf8a1882fcef0d87e52c7239f Chainlink CCIP is now live on the BNBCHAIN mainnet, enabling developers to expand their applications across chains in a simple & secure manner. Discover the projects & protocols leveraging CCIP to connect to the BNB Chain & the larger cross-chain ecosystem. https://preview.redd.it/q4fqhxposnrb1.png?width=1200&format=png&auto=webp&s=a077d1e3f2a7d63948cbf3e94ad27b131c33bee0 Coin98 Labs, the developer of the all-in-one DeFi platform Coin98 Finance, has entered into a channel partnership with Chainlink Labs. The partnership helps the Southeast Asian developer community access high-quality Web3 services and marketing opportunities. https://preview.redd.it/aa5bvoiqsnrb1.png?width=720&format=png&auto=webp&s=d48ea9c0ae181d0b7e6e08689b97e47e0db32281 SAO Network joins Chainlink BUILD to gain enhanced access to Chainlink's industry-leading oracle services and technical support, which helps support the security and use of decentralized storage. In return, SAO Network will make multiple percentage points of its total native token supply available to Chainlink service providers, including stakers. SAO (storage autonomous organization) Network is a Web3 storage infrastructure based on the Cosmos SDK and IPFS. As a decentralized storage network, SAO provides secure and reliable data storage, data control, and data computing services while extending the functionality of existing distributed storage networks. Powered by Hedra Labs, SAO Network aims to revolutionize Web3 data storage and facilitate the growth of Web3 applications by providing intuitive and efficient decentralized data services. As part of BUILD, SAO Network will receive key benefits, including access to and integration of Price Feeds, Automation, and other Chainlink Web3 services, access to new Chainlink product alpha and beta releases, and other benefits. https://preview.redd.it/52b9zc4tsnrb1.png?width=680&format=png&auto=webp&s=89a6c0594dcbfad36da11df4499b85ff80341961 This new case study showcases how ANZ Bank (ANZ Australia), one the world's largest banks with $1+ trillion in total assets under management—successfully demonstrated cross-chain tokenized asset settlement with Chainlink CCIP. IntegrationsDecentralized perpetual exchange, Morphex has integrated Chainlink Price Feeds into BMX by Morphex on Base and Morphex on Fantom. Understand why Price Feeds are a necessity for feature-rich DeFi platforms.Cygnus Finance, a stablecoin protocol backed by U.S. T-bills—has integrated Chainlink Price Feeds on Base. Discover how Price Feeds help the project calculate collateral values needed for accurate stablecoin conversions. PoR IntegrationsTokenized RWA ecosystem Tangible has integrated Chainlink Proof of Reserve (PoR) on Polygon. Tangible uses Chainlink PoR to help increase collateral transparency for its real estate-backed stablecoin, USDR.CCIP IntegrationsGaming Platform has integrated Chainlink CCIP across Arbitrum, Avalanche, Ethereum, and Polygon mainnets. See how CCIP helps BetSwirl enable seamless, secure, and reliable cross-chain token transfers.Folks Finance, a multi-chain DeFi platform, integrates Chainlink CCIP on Base testnet to help power cross-chain lending. Polychain Monsters, a multi-chain NFT collectible and gaming experience, integrates Chainlink CCIP on Base to help pioneer seamless cross-chain NFT gameplay. Raft integrates with Chainlink CCIP has integrated Chainlink CCIP on Base to help unlock seamless cross-chain transfers of R—the project's stablecoin. Chainlink BUILD member Nuon is integrating Chainlink CCIP on Base to help unlock seamless cross-chain transfers of Nuon, a flatcoin pegged to the inflation rate measured by Truflation. What's New for Developers 🛠"Base and Chainlink are both building on the forefront of blockchain development as we work to bring the next wave of millions of new users into our industry." Chainlink Labs' Eid Johann said Chainlink CCIP on Base is a boon for web3 innovation.Using a single centralized cloud provider as a core part of a cross-chain system puts users at serious risk. Chainlink CCIP is built with level-5 cross-chain security, providing industry-standard infrastructure to enable trillions to flow across the onchain economy. Chainlink Functions allow smart contract developers to get any data from any API with just a few lines of code. Learn more in-depth in the Spanish version. Featured Videos & Educational Pieces 🎥In this CoinDesk interview from Sibos, Sergey Nazarov covers various topics, including Chainlink adoption, the importance of secure cross-chain interoperability, tokenization, and the intersection of DeFi and capital markets.In this CNBC interview, Sergey Nazarov discussed the importance of Chainlink Proof of Reserve for building a verifiable web. At Sibos 2023, Sergey Nazarov spoke with Finextra about Private bank chains, Cross-chain interoperability, Stablecoins, and Tokenizing real-world assets. Watch the full interview now. "What I'm really seeing is that banks moving onchain is basically the next wave of value that's going to flow into our industry." During Sibos, Sergey Nazarov told Nasdaq Trade Talks Jill Malandrino how Chainlink CCIP can take web3 to the next level. Chainlink Today Exclusive: During a panel discussion at Sibos, Chainlink Labs Distinguished Scientist Dahlia Malkhi shed light on the technical innovations that make Chainlink CCIP-powered tokenized assets a revolution in onchain finance. "The importance of being able to go on blockchains and transact on blockchains is going to acquire the same importance as being on the internet." Sergey Nazarov distilled Chainlink CCIP's significance alongside Swift's Jonathan Ehrenfeld on Sibos TV. If you couldn't join us for this Twitter Space, here's the recap. Thanks to Chris from @BlueKrakenOn, Javier from @LitLabGames, and Rasmus from @Planetix0. Hundreds of millions will continue to be lost to hacks unless the blockchain ecosystem levels up its cross-chain infrastructure. Chainlink CCIP is the new standard in cross-chain security, with unprecedented levels of decentralization & risk management. Cross-chain token transfers are vital to realizing Web3's multi-trillion-dollar future. Understand key cross-chain token transfer mechanisms: Burn and mint, Lock and mint, Lock and unlock. "Creating real security is not so simple." In this new article on Blockworks, Chainlink Co-founder Sergey Nazarov explains CCIP's state-of-the-art security, where multiple decentralized networks verify every cross-chain token and message transfer. "77% of institutional investors want distribution of tokenized assets through traditional financial institutions," stated a recent article from EY-Parthenon. Learn more about the tokenization opportunity in asset management. Ecosystem & Community Celebrations 👏
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