third parties

Dexsport: Offering a transparent decentralized betting platform

The Internet, as we know it, provides us with a range of tools: we can interact with other users, create and share our own content, and even earn money in different fields. At the first glance, everything here is promising but, in fact, a knowing eye can quickly notice existing security issues as well as censorship and centralization. When all data is stored on a server that is controlled by a third party, it can be hacked and user information can be used in many undesirable ways. These are the

Gelato Network raises $11 million in Series A funding led by Dragonfly Capital

Gelato Network, a protocol that helps automate smart contract execution on Ethereum and other blockchains, has raised $11 million in a Series A funding round.Dragonfly Capital led the round, with ParaFi Capital, Nascent, IDEO CoLab Ventures, and Stani Kulechov, founder and CEO of Aave, also participating. This was a token sale round and the fresh capital will help support more blockchains, Gelato co-founder Hilmar Orth told The Block. Gelato Network currently supports Ethereum, Polygon, and Fantom blockchains and it is looking to add support for Arbitrum, Optimism, Binance Smart Chain,

Mobile DeFi and the Shift Toward Self-Sovereignty

Many speculate that mainstream adoption of cryptocurrency is dependent solely on improving ease of access and user experience. In reality, there’s an even bigger obstacle: a mentality shift. Self-sovereignty and personal autonomy are the endgame of this technology, and with that goal comes a significant increase in personal responsibility for one’s funds. This is totally at odds with people’s traditional financial experience so far; the legacy system takes away your autonomy and replaces it with convenience, offering useful tools related to fraud protection and password management. By comparison, cryptocurrencies, decentralized finance

Title Token for Blockchain Estate Registry, Part 3

The advantage of the cross-blockchain protocol for public registries is that it can unite any number of existing ledgers in one ecosystem and does not need to upgrade the protocols of such blockchains. In simple terms, the protocol works as an aggregator of tokens across blockchains. The protocol conceptually comprises two major elements:The format requirements for an entry by knowing the standard of a record, the user’s machine can automatically collect records from various ledgers in one bundle.The hook, which is the algorithm that scans blocks of ledgers and extracts

Celebrating The History And Spirit Of Bitcoin Independence Day

This article originally appeared in our Weekly Bits newsletter. If you want our news and analysis before anyone else, make sure you subscribe now! In my view, Bitcoin Independence Day is a holiday that says a lot about the BTC community. Its origins are highly technical and difficult to understand, the “independence” it celebrates refers to the developer community overcoming interests from industrialized miners and, ultimately, it’s a chance for Bitcoiners to reflect on the young history of the technology and engage in debate. To celebrate, Bitcoin Magazine hosted a day

Blockchain Scam Raises Money by Pretending to Be Associated With the Olympics

The Chinese Olympic Committee announced on April 8 that it’s repeatedly received complaints about illegal marketing pertaining to the upcoming Olympic Games.People claiming to be part of the so-called “World Olympic Sports Foundation” say they’re using blockchain technology to help people invest in special products and other commercial developments pertaining to the Olympics. But that money actually ends up in the pockets of anonymous scammers.They make reference to the Tokyo Olympics Torch Relay to trick people into parting with their money, thinking it’s going to a genuine cause. The Chinese

Zoom Data Scandal Shows Blockchain May Be the Future of Communications

As people around the world started following shelter-in-place orders, popular video conferencing platform Zoom quickly gained new users, noting in a recent blog post that it had reached more than 200 million daily users last month, up from 10 million in December. From virtual conferences to online birthday parties, thousands of individuals have flocked to Zoom in an attempt to remain social at a time when social gatherings are banned.Yet, while Zoom may have seemed like the perfect alternative to in-person gatherings, a major security flaw has been lurking in