Decentralized

Polkadot Now Has a Decentralized Version of ‘Wrapped’ Bitcoin

Users deposit bitcoin into the vaults in exchange for iBTC. At this point, the bitcoin is locked in the vault while vault collateral is locked by the Interlay network. Users then return iBTC to the vault, thereby unlocking and releasing their bitcoin, which triggers the Interlay network to release vault collateral. If a vault fails …

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Decentralized apps on Polygon hit 37,000, rocketing 400% this year

The number of decentralized applications (DApps) on Ethereum-scaling-platform Polygon has topped 37,000, marking a 400% increase since the start of 2022. The Polygon team shared the figures via an Aug. 10 blog post, which was sourced from partnered Web3 development platform Alchemy, noting that the figure represents the cumulative number of applications ever launched on …

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Truly decentralized Web3 needs more developers: Animoca co-founder

Animoca Brands co-founder and chairman Yat Siu has urged for more developers to enter the Web3 space, warning that without “choice” there can be no “decentralized environment.” Speaking to Cointelegraph during Korean Blockchain Week (KBW) 2022, Sui stressed that more developers need to come into the space to give consumers more alternatives when it comes …

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Bitcoin.com to introduce Bitcoiners to decentralized finance: KBW 2022

Crypto platform Bitcoin.com is looking to expand its ecosystem by introducing Bitcoin (BTC) holders to the world of decentralized finance (DeFi) and implementing new services such as a decentralized exchange (DEX) in its platform.  Speaking with Cointelegraph’s Andrew Fenton at the Korea Blockchain Week (KBW) 2022, Bitcoin.com’s head of financial services Corbin Fraser said that …

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Decentralized finance faces multiple barriers to mainstream adoption

Decentralized finance (DeFi) is a growing market popular with experienced crypto users. However, there are some roadblocks regarding mass adoption when it comes to the average non-technical investor.  DeFi is a blockchain-based approach to delivering financial services that don’t rely on centralized intermediaries but instead use automated programs. These automated programs are known as smart …

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A decentralized future for fans and Hollywood – Cointelegraph Magazine

The traditional film industry is one of the most centralized and traditional of them all. Just a handful of movie studios and streaming conglomerates control the lion’s share of the global film market.  But nonfungible tokens (NFTs) and a growing crypto-centric community of enthusiastic filmmakers might just disrupt the industry.  Some independent projects offer a …

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Keet, The Decentralized Communications App – Bitcoin Magazine

Cryptocurrency exchange Bitfinex and USDT stablecoin issuer Tether have collaborated with the Hypercore open-source protocol team to launch a new peer-to-peer (P2P) communications application, Keet. Keet allows a given set of parties to exchange instant video, message and file communications in a truly P2P fashion. The approach improves upon popular end-to-end encrypted but centralized offerings …

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