Blockchain Archives - Cryptolifedigital

Proposal To Burns The Whole Terra Classic Community Pool Is Released, LUNC To $1

23Mar

By CryptolifedigitalNo Comments

Blockchain

Proposal To Burns The Whole Terra Classic Community Pool Is Released, LUNC To $1

The proposal that will allow the incineration of the whole community’s Oracle Pool, which amounts to hundreds of billions of LUNC tokens was released although it has gotten the minimum deposit required for voting. Notably, the community pool is a place where the Terra Classic community gets funds to bankroll projects and development efforts to advance the network. Terra Classic is a blockchain platform that is designed to enable decentralized finance (DeFi) applications. The platform is based on the Tendermint consensus algorithm and is designed to be highly scalable, secure, and efficient. One of the key features of Terra Classic is its community pool, which is a reserve of Terra Classic tokens that can be used to fund development projects and other initiatives within the Terra C...

What Is The Future Of Central Bank Of Digital Currencies (CBDCs)

23Mar

By CryptolifedigitalNo Comments

Blockchain

What Is The Future Of Central Bank Of Digital Currencies (CBDCs)

The rise of digital currencies, such as Bitcoin, has sparked a debate about the future of money and the role of central banks in managing it. Central bank digital currencies (CBDCs) have emerged as a potential solution to this issue. CBDCs are digital versions of fiat currencies that are issued and backed by central banks. This article explores the future of CBDCs, including their potential benefits, challenges, and impact on the global financial system. Benefits of CBDCs CBDCs offer several potential benefits over traditional fiat currencies. First, CBDCs could reduce the cost and time associated with traditional payment systems. Traditional payment systems are slow, expensive, and often require intermediaries. CBDCs could eliminate the need for intermediaries and provide instant, low-c...

Stablecoins vs Bitcoin: Are They The same?

21Mar

By OLAJIDE SAMUELNo Comments

Blockchain

Stablecoins vs Bitcoin: Are They The same?

The world of cryptocurrency has grown tremendously in the last decade, with Bitcoin being the most well-known and widely used cryptocurrency. However, in recent years, there has been a rise in the popularity of stablecoins, which have been hailed as a more stable alternative to Bitcoin. This article will compare stablecoins and Bitcoin, looking at their similarities, differences, and their use cases. What are Stablecoins? Stablecoins are a type of cryptocurrency that is designed to maintain a stable value relative to a particular asset or basket of assets. The most commonly used asset is the US dollar, although some stablecoins are pegged to other currencies such as the euro or yen. Some stablecoins are pegged to commodities such as gold. Stablecoins are designed to be less volatile t...

Terraport Releases Its Launch Roadmap, Its Public Launch Edges Close

17Mar

By OLAJIDE SAMUELNo Comments

Blockchain

Terraport Releases Its Launch Roadmap, Its Public Launch Edges Close

In the recent update, it was revealed that Terraport, a Terra Classic (LUNC) DeFi ecosystem built by TerraCVita, has released its launch roadmap following the end of the public token sale event, which spanned from Feb. 15 through March 15. The newly-released roadmap reveals that Terraport V1 will be launched on March 31. Terraport Roadmap The update was made known via the official handle of Terraport dubbed Terraport Finance, notifying the investors who had mistakenly provided erroneous receiving wallets when establishing vesting contracts to have a three-day window to amend their details. Read Also: Crypto Wallets For Beginners: Complete Guide https://twitter.com/_Terraport_/status/1636498941289062401 Per the roadmap, the Terraport team will start the distribution of TERRA on M...

Blockchain Tech Can Revolutionize The Healthcare Industry. See How

13Mar

By CryptolifedigitalNo Comments

Blockchain

Blockchain Tech Can Revolutionize The Healthcare Industry. See How

Blockchain tech has the potential to revolutionize the healthcare industry, transforming the way patient data is stored, shared, and accessed. With traditional healthcare systems often plagued by issues like data breaches, patient privacy violations, and inefficient data management, blockchain-based healthcare systems offer a secure, decentralized, and interoperable solution. So, what is blockchain tech? Blockchain is a distributed ledger technology that records transactions securely and transparently. It is a decentralized system that is not controlled by any single entity or authority, and every transaction on the blockchain is verified and recorded by multiple parties, making it virtually impossible to manipulate. When it comes to healthcare, blockchain technology can provide a sec...

How Can Blockchain Influence Voting Systems?

13Mar

By CryptolifedigitalNo Comments

Blockchain

How Can Blockchain Influence Voting Systems?

Blockchain technology has the potential to revolutionize the voting system, making it more secure, transparent, and trustworthy. With traditional voting systems often plagued by issues like voter fraud and manipulation, blockchain-based voting systems offer a decentralized and tamper-proof solution. What is blockchain technology, and how can it be applied to voting systems? Blockchain is a distributed ledger technology that records transactions in a secure and transparent manner. It is a decentralized system that is not controlled by any single entity or authority, and every transaction on the blockchain is verified and recorded by multiple parties, making it virtually impossible to manipulate. When it comes to voting, blockchain technology can provide a secure and transparent system ...

A Proposal That Will Terminate The Appointment Of Tobias Andersen Has Been Submitted, None Has Voted Yes For It.

7Mar

By CryptolifedigitalNo Comments

Blockchain

A Proposal That Will Terminate The Appointment Of Tobias Andersen Has Been Submitted, None Has Voted Yes For It.

The recent development revealed that a proposal that will allow the Terra Classic community to remove developer Tobias Andersen popularly known as Zaradar, from the recently-formed Joint L1 Task Force has been submitted for voting. According to the allegation laid up against him, saying Zaradar’s presence does not benefit the Terra Classic blockchain. The proposal Is Submitted To Terminate Tobias Andersen's Appointment Proposal 11383, submitted over 19 hours ago as of press time, points out that working on the Terra Classic blockchain goes beyond an individual’s software development skills but also requires professionalism. Read Also: Cremation Coin Burns A Staggering Over 51 Million LUNC In A Single Transaction, Representing The Third Highest Single Burns More also...

TerraCVita Talks About The Progress Of Terra Classic Crypto Wallet, Sharing The Issues Faced In Its Coding

4Mar

By CryptolifedigitalNo Comments

Blockchain

TerraCVita Talks About The Progress Of Terra Classic Crypto Wallet, Sharing The Issues Faced In Its Coding

The launch of a crypto wallet was recently announced by Terra Classic autonomous group, TerraCVita, saying the wallet is basically for the Terra Classic network Terra Classic Crypto Wallet To Launch Soon The update was made known on the official Twitter handle of the TerraCVita earlier today, sharing the challenges faced by the developer in the course of the coding of the wallet. He also added that the coding issues which has been settled had been the cause of the delay for the wallet to enter its testing phase. Read Also: LUNC Validator Unveils Binance 8th Round LUNC Burns Date https://twitter.com/TerracVita/status/1631840460678348802 TerraCVita noted that work on the wallet would resume once the developers are satisfied that the Terra Classic infrastructure and the laye...

Ripple Says 45 Payment Industry Leaders Reach The Consensus To Implement Crypto For Fast And Effective Payments

3Mar

By CryptolifedigitalNo Comments

Blockchain

Ripple Says 45 Payment Industry Leaders Reach The Consensus To Implement Crypto For Fast And Effective Payments

According to the recent whitepaper released by Ripple and the US Faster Payments Council, noted an overwhelming 97% of payment industry leaders think that blockchain and cryptocurrency have the potential to accelerate payments in the next three years. Payment Leaders Support Crypto For Fast And Effective Payments An excerpt from the report released by Ripple on the 2nd of March. Saying that almost 300 surveyed payment leaders across 45 countries reached the consensus that implementing blockchain and crypto for payment solutions will result in a payment infrastructure that is faster, more cost-effective, and more transparent than the current capital-moving systems. https://twitter.com/Ripple/status/1631369032359108630 Notably, crypto payments have been a beneficiary of the Ri...

Binance Announces Its Resumption To LUNC Burns Following The Upgrade v1.10

1Mar

By CryptolifedigitalNo Comments

Blockchain

Binance Announces Its Resumption To LUNC Burns Following The Upgrade v1.10

Following the recent upgrade done on the Terra Classic basically to bring the largest crypto exchange back to LUNC burns, Binance has danced to the tune of the drum by announcing its resumption for the LUNC token burns. As it was previously reported by Cryptolifedigital, the upgrade, featuring v.1.1.0, incorporates modifications to the network that aim to address Binance’s apprehensions regarding token burns. The upgrade occurred at the Terra Classic block height of 11,734,000. Read Also: Terra Classic Releases Proposal 11243 To Get LUNC Gas Fees Increased. Is It A Plus? Binance Resumes Its LUNC token Burns According to the announcement shared on Binance’s official website, Binance said it would pause deposits and withdrawals for the LUNC network from Feb. 28 at 21:00 (UTC). ...