Category: News

  • When is the perfect time to buy bitcoin » Destpump

    When is the perfect time to buy bitcoin » Destpump

    The perfect time to buy bitcoin is always now. Once you understand the reason for bitcoin. Since the beginning of June, Bitcoin price has been stuck in the $19,000 to $21,000 range. Many people who had planned to buy Bitcoin after his third Halving are now waiting.

    The questioning that prevents these people from taking action is quite simple:

    Should I buy Bitcoin when its price is around $19,000 or should I wait for it to drop to take advantage of a better opportunity?

    This question is often asked. I always see a lot of people asking when is the best time to buy Bitcoin.

    Some would even go far to ask what is the best day or month to buy bitcoin .

    understand the reason for Bitcoin

    In my opinion, the most important thing before you can answer this question is to understand the reason for Bitcoin. Many people will buy Bitcoin without understanding why Bitcoin was created. If you don’t make the effort to understand the problems that Bitcoin wants to solve, you can never be convinced of the need to buy Bitcoin.

    So the secret is to understand what Bitcoin really is.

    This is not such an obvious thing, because more than 90% of people who buy Bitcoin for the first time are simply attracted by the financial appeal of Bitcoin.

    This is understandable, because Bitcoin has been the most profitable asset of the past decade.

    Bitcoin posted an extraordinary performance of +9,000,000%. Logically, this attracts a lot of people.

    So there is nothing wrong with people coming to Bitcoin in this way. What matters is that afterwards as many people as possible make the effort to go further to discover Bitcoin, before being convinced that it is an essential solution for the world of the future.

    Moving from the financial appeal to the belief that Bitcoin is a revolution is something harder. Many people stop after a first purchase of Bitcoin without understanding that Bitcoin is much more than a cryptocurrency.

    Bitcoin is the money protocol for the Internet. Those who understand it don’t waste their time looking for the next Bitcoin. That would be like looking for the next Internet, and it would make no sense.

    Bitcoin is here to stay, and if it has any real shortcomings right now, they will be fixed over time by the highly talented developers that work each day for improving Bitcoin.

    By reaching this level of understanding, you will be able to know when is the perfect time to buy Bitcoin.

    History of bitcoin all-time high

    The current Bitcoin all-time high price at the time of writing (December 2021) is 68,789.63 USD. As impressive as that is, it took over a decade of highs and lows before BTC reached this staggering value. Bitcoin (BTC) is succeeding in showing the world its potential and advantages, rapidly cementing its place in the world of finance.

    It wasn’t always like this, however, as we reached new BTC all-time highs that were once thought of as impossible. Let’s take a look at the initial price of Bitcoin, how it has changed over the years, and where its price sits right now. It would be interesting to see how Bitcoin’s development over the years has affected how we value crypto today.

    Inception and early growth

    (2008-2013)

    In the beginning, the idea of cryptocurrencies was totally alien to people. It was first introduced when an anonymous internet user by the name of Satoshi Nakamoto registered the domain name Bitcoin.org and published the Bitcoin whitepaper on Oct. 31, 2008 (the agreed anniversary date of Bitcoin’s founding).

    In 2009, the Genesis Block—the first block on the Bitcoin blockchain—was created. At this point, the nature of the coding of the first 50 BTC did not allow for the currency to be spent. However, that same year, the New Liberty Standard priced Bitcoin exchange to be at 1 USD to 2300.03 BTC.

    Fast forward two years later and Bitcoin has successfully reached a 1:1 ratio with USD. In the next four months, the value would turn into 31.91 USD per BTC. Unfortunately, this would not last long as just a few days later, prices would drop to 10.25 USD. It was at this point that Bitcoin started developing a reputation as something too volatile. 

    In 2012, we saw the first Bitcoin halving occur after the first 210,000 blocks were mined. From earning 50 BTC rewards, Bitcoin miners now only make 25 BTC. For coin holders, Bitcoin would prove a good investment, climbing up to 200 USD in April of 2013.

    Sometime that year, the world would see the Dark Web site, the Silk Road, taken down by authorities. Over 26,000 BTC would be seized in this operation, dropping Bitcoin’s price from 139 USD to 109 USD.

    November 2013 would prove to be a rollercoaster for coin holders; Bitcoin would reach prices equivalent to gold’s, at least 1000 USD. This wouldn’t last long, however, with prices dropping to a range of 600 USD and hovering in that range for the next few months.

    Identity and development

    (2014-2016)

    In the sixth year of Bitcoin’s existence, the biggest leap forward would come in the form of Microsoft’s acceptance of Bitcoin payments. They would be the first in a long line of big-name corporations to adopt the currency as a payment method. 

    While no notable BTC all-time high would be recorded in this period, the next two years would see Bitcoin stabilizing. This would combat its previous reputation and show users the capability of the currency. 

    2016 would also see the second halving of Bitcoin mining rewards. From 25 BTC, miners would

    Early preview

    (2017-2019)

    Bitcoin holders would find a reason to celebrate at the start of 2017, with January 2 seeing a Bitcoin price breaching the 1000 USD mark once again. People would find this suspicious as the price would dip for a few months before reaching new highs. 

    By June 2017, Bitcoin would reach 3000 USD, a first for the crypto market. This occurred at a time when scaling issues were prominent, possibly implying the intent people had with adopting the currency into more daily use. 

    This implication would show itself to be true, despite in-fighting among some of the crypto’s followers. In September, Bitcoin would go on to reach 5000 USD per BTC. Volatility would affect the coin for a while, with Bitcoin reaching 3000 USD before rebounding. 

    This volatility was caused by China banning the use of cryptocurrency in transactions and exchanges. It was around this time that JPMorgan Chase CEO Jamie Dimon claimed bitcoin to be a fraudulent currency—which didn’t help its price either.

    In the end, it wouldn’t matter. November of 2017 would see Bitcoin pass the 10,000 USD mark and, surpassing that, reach 11,000 USD. The all-time high for the year would be seen in December though. Bitcoin that month would see a record 20,000 USD price point. Sadly, this wouldn’t last too long, with the currency dropping to 13,000 USD.

    This amazing run through the year of 2017 couldn’t last forever though. At the start of 2018, the price of Bitcoin would drop to 10,000 USD as a result of fear, uncertainty, and doubt concerns invading the market. 

    Facebook this year would also start banning advertising for cryptocurrencies and ICOs on its platform. What wouldn’t help the situation either would be the wave of rumors regarding South Korea possibly banning cryptocurrencies and China increasing the restrictions they’ve already placed on them. 

    This pattern would go on for the year 2018 with Bitcoin, at the lowest, dropping to 5,868 USD. This slump wouldn’t last too long, however. Soon after, Bitcoin’s value would begin a slow and steady creep upwards in 2019, reaching 12,024.08 USD in June.

    Current all-time high

    (2020-Present)

    Many were concerned at the start of 2020 about where Bitcoin would end up, and that was before the coronavirus pandemic hit the globe. As with many things, the onset of the global pandemic had a negative impact, dropping BTC’s value to 6483.72 USD per BTC in March of that year.

    Luckily for coin holders, this effect wouldn’t last long. From March onwards, Bitcoin’s value would see a rapid climb over the next few months. By December of 2020, BTC would see a value of 28,768.84 USD and by March of 2021 settle at 58,734.48 USD

    By mid-April, BTC value would exceed 63,000 USD, the highest recorded at that point. While it may look like it may have peaked at the time, the current all-time high is yet to come. 

    BTC would see a short but quick decline in the price range of 35,945 USD in June but would quickly recover to 47,663.02 USD in August. After a short dip, Bitcoin would then reach its current all-time high of 68,789.63 USD in November of 2021. 

    The path from here

    As the year comes to a close, Bitcoin’s value hovers at around 48,000 USD — a ways away from its ATH just a few weeks ago. This begs the question: what does the future hold for Bitcoin in 2022?

    The life of a crypto trader is one that requires patience. Over many times in its short history, Bitcoin would find a relatively high spot, drop low, then climb even higher than before in a cycle that would confuse newbies. 

    But that’s the thing: as we learn more and more about cryptocurrencies, it’s becoming more apparent that pulling out your money the minute you see a dip isn’t the best move. In fact, over the last 10 years, we’ve seen that these dips are followed closely by a high-rise. 

    With that said, the best step for both the new and the experienced would be to make sure you’ve done your own research. It helps to be prepared after all. Do your due diligence and learn more about cryptocurrency price behavior and what you should do when things start shifting

    There is no such thing that a perfect time for buying Bitcoin

    The perfect time in life is a rather contradictory concept. I sincerely think it is a utopia to believe that there is a perfect time to take action in life.

    Rather, I believe that it is up to you to take responsibility and then make your actions successful.

    So there really is no perfect time to buy Bitcoin. That’s like saying that every moment is a perfect time to buy Bitcoin. If you believe in the Bitcoin revolution, you can buy Bitcoin whether its price is $69,500 or $17,500.

    While Bitcoin price is $21,300 today, many people are waiting for a possible drop in the $16,000 range to buy Bitcoin.

    By doing so, you risk never buying it, and thus missing out on the Bitcoin revolution. You have no short term guarantee on the Bitcoin price. That is the reality.

    Bitcoin price may drop into the $16,000 range in the coming days or weeks, just as it may never drop below $8,000 again, and may rise well above the $21,000 range, which is a psychological barrier at the moment.

    There is a great deal of uncertainty at the moment, and you will find as many bullish supporters as bearish supporters.

    So from my point of view, the best thing to do is to take action now by buying Bitcoin for the first time. Buying Bitcoin today at $20,300 doesn’t mean that you won’t be able to buy more if the price drops to $17,000, or $16,000.

    You would simply be guaranteed not to miss out on the Bitcoin revolution by sitting on the train platform waiting indefinitely for a hypothetical better time than now.

    Adopting a DCA strategy with Bitcoin is a great thing

    This mentality of considering that the perfect time to buy Bitcoin is always now can be found in the Dollar-Cost Averaging (DCA) strategy. This strategy, which is also applied in the world of traditional finance, consists of buying Bitcoin with a fixed amount of money on a periodic basis.

    I have been doing this personally since I discovered Bitcoin.

    This allows you to avoid the constant question of when is the perfect time to buy Bitcoin. You don’t miss out on the Bitcoin revolution, and then all you have to do is HODL your Bitcoins no matter what.

    You accumulate Bitcoin, and you can spend your time learning more about Bitcoin and the economy to really take care of your future.

    This strategy is reinforced by the chart showing Bitcoin price evolution since 2010:

    Bitcoin prive evolution over the past decade

    Currently, the number of Bitcoin users represents no more than 0.5% of the world’s population.

    For the Internet, it was the same in 1998. A little more than twenty years later, nearly 60% of the world’s population uses the Internet.

    This clearly shows you that Bitcoin is still at an early stage. Its growth potential remains phenomenal, especially since its excellent fundamentals are being reinforced by the economic crisis we are currently experiencing.

    In the months and years to come, more and more people will be looking to preserve their wealth as best they can, while resisting censorship as best they can. This famous censorship of the current system, which sees banks able to freeze your assets at any time, or block some of your transactions.

    Bitcoin is the perfect answer to these problems.

    It is therefore obvious that more and more people will use it in the future to protect themselves from the growing uncertainty in our world. Bitcoin is a hedge against uncertainty.

    Conclusion

    Whether you buy Bitcoin at $25,000 or $10,000 will not make that much of a difference in the future. Either way, you will be seen as a genius.

    You can rest easy. Consider that the perfect time to buy Bitcoin is always now. All you have to do before then is to understand what Bitcoin really is. Then everything will become natural to you.

  • What goes into choosing a consensus mechanism

    What goes into choosing a consensus mechanism

    A consensus protocol is a blockchain mechanism that ensures synchronization among the nodes and establishes an agreement upon the transactions and blocks to be considered legitimate and hence added to the blockchain. These are fault-tolerant methodologies to maintain a single state of the network and harmonize all the distributed nodes.

    The purpose of having a consensus mechanism is to validate and authenticate the transactions and hence ensure that the integrity of the blockchain network remains intact. A consensus is an agreement on what is acceptable and what is not! before creating an immutable ledger and adding it to the blocks of the network. A consensus can be given by any or all of the nodes on the network that have earned the rights to validate a transaction(or a block). These nodes are called validators or miners or verifiers based on the terminology suitable for the network and consensus protocol in use. This blog discusses the need for a consensus mechanism and elucidates the analysis and the process of concluding upon the befitting consensus protocol for a blockchain network.

    Why is a consensus mechanism needed?

    The 4th iteration of the industrial revolution is transitioning the modern industry from a merely digitized version of what was manual a few decades ago, into an efficiently automated, secure, and robust decentralized cyber-physical system. Today, the goal is to introduce better technology tools, capable of enabling a trustless and permissionless network of products and services which are more efficient and better engineered for Web3.0 and other emerging technologies.

    They are implemented to ensure a single state of the network and that all the nodes are connected to the correct network. A consensus mechanism is the single controlling identity that ensures the security and authenticity of the decentralized ledger, a blockchain forms. Blocks of transactions are added to the existing blockchain only after being authenticated and validated by the mechanism specific to the blockchain to agree upon the correctness of the transaction. A consensus is mandatory to extend the chain by adding blocks, where each block is a collection of transactions. It is the growth of the chain that keeps the network functional. The consensus mechanism ensures that the transactions remain accessible and the system remains transparent. Consensus algorithms eliminate third-party intermediaries to ensure the correctness of transactions. As consensus achieves a global state of transactions in the chain, all nodes/peers can trust each other. This induces fault tolerance in the network.

    In a blockchain, the distributed ledger is managed in a decentralized manner. In some chains, multiple independent nodes take the responsibility for maintaining the blockchain while in others the consensus is more of an automated nature and the nodes are responsible only for submitting or proposing the transactions. It is due to a consensus mechanism that the user experience is enhanced through the agreed truth among the stakeholders that account for the heterogeneous network nodes and components.

    Electing a consensus mechanism

    The evolution of blockchain technology has been accompanied by a congruent evolution and innovation in consensus mechanisms. The consensus protocol may have many objectives like maintaining security, cooperation, equal node rights, blockchain governance, a certain percentage of node participation, etc. these consensus goals form the premises to scrutinize any block and validate it to be added to the chain to reach the next stable, reliable and secure state in the network.

    To conclude upon any consensus mechanism, it is important to understand the priorities and framework of the blockchain. Along with this, there is a need to understand the required architecture, underlying functionality, and the primary components involved in the consensus mechanism. Thereafter a consensus methodology befitting for the blockchain can be concluded. Below are some of the major characteristics accounted for, while evaluating a consensus mechanism to be employed on a blockchain.

    Analyzing Consensus Algorithms for the applications

    ● Blockchain Type

    Based on the properties of the application or system that employs blockchain, the amount of control and accessibility of the blockchain is categorized into private, public, or consortium. The consensus mechanism must maintain the same while ensuring the security and integrity of the blockchain.

    ● Decentralized governance

    A network when governed by players distributed across the network ensures firstly, that the blockchain will not end up being centrally controlled resulting in monopolistic governance driven by the interests of a small section of users, and secondly ensures that all decisions made through a distributed consensus are aimed at a common goal of benefitting the blockchain and maintaining its security and integrity.

    ● Scalability And Attacks

    Any blockchain must be scalable. A consensus like PoW that requires high compute power renders it impossible to scale freely. Blockchains aimed at being globally adopted must without fail be scalable and the consensus mechanisms like PoT and ELASTICO are devised to aid the same.

    Scalability comes with the tradeoff for the blockchain becoming more susceptible to attacks, hence the blockchain governance and consensus should be chosen carefully to ensure high security.

    ● Adversary tolerance model

    No network can be immune to faults. Every blockchain similarly is susceptible to two major kinds of faults- crash and byzantine, discussed further. Protecting the blockchain against malicious operations should be embedded within the governance and the consensus model of the blockchain. The consensus mechanism must ensure that the robustness of the blockchain is maintained through attacks and vulnerabilities.

    A consensus mechanism that may help the blockchain avoid such attacks and even recover seamlessly in case any of these occurs is another measure that helps conclude why a particular consensus mechanism may or may not be suitable for the blockchain.

    ● Performance parameters

    Digitization and globalization have escalated the number of transactions occurring across any industry vertical. Through the years blockchains too have evolved from a few transactions a day to processing complete blocks within seconds. Hence a use case requiring real-time transaction processing and finalization would need such a consensus mechanism as well. Such a consensus mechanism requires the uninterrupted availability of validator nodes.

    Bandwidth, latency, and throughput are the essential parameters to be monitored that make a blockchain reliable. A blockchain must maintain high throughput and low latency values. It must support a bandwidth capable of handling the amount of traffic it intends to attract. Mechanisms like DPoS, PoET, and Tendermint support high scalability and throughput.

    ● The complexity of the communications model

    Based on the response time, a consensus protocol must be able to accommodate communication requirements. Be it synchronous (low response time) or asynchronous (high response time), it is the application that determines what kind of communication and what consensus protocol will be best suited for the specific use case.

    Gathering consensus from multiple, distributed nodes is a tedious task. From proposing a block to be added to the chain to the point where it is added and all the nodes have arrived at the updated state of the blockchain, the journey is neither smooth nor predictable. A consensus mechanism that acknowledges and manages the same is of high importance for blockchains with a high volume of transactions and hence validation-ready blocks.

    ● Quorum structure

    For a distributed system to enforce consistent operation, there is a minimum number or percentage of nodes that must consent, for a block to be considered valid and added to the chain. A consensus algorithm with a quorum structure that enforces the decentralization and distribution of consensus is preferable for any blockchain.

    ● Energy requirements

    A major concern globally is the energy requirements and emission rates of the consensus. Today, most applications and users are skeptical and inclined to choose a consensus mechanism that has a low impact on the already diminishing environmental quality.

    At present, the biggest and the oldest blockchain running on PoW that requires extreme levels of computing power is considered the most hostile to the environment and focus has shifted towards better mechanisms like PoS, PoB, and PoC.

    ● Mining and Consensus Category

    Based on the size of the network consensus protocols can be concluded. A network with a large number of distributed nodes favors proof-based consensus while a smaller network prefers voting-behavior-based consensus mechanisms. This though is quite rudimentary. More important is what modus-operandi a consensus mechanism employs. Consensus mechanisms are broadly categorized as below:

    1. Proof -Based : The ones that depend on the proof from validators based on parameters like computing power, burning capacity, wealth, memory, etc.
    2. Capability Based : These are intended to reduce the energy requirements but suffer from an inherent flaw of susceptibility to centralization based on the capability under consideration.
    3. Voting Based : A miner is elected by voting to propose, generate and commit a block. By-election the problem of centralization is resolved to a great extent. Additionally, the proof-based requirements are also taken care of by the electors. Though, this mechanism may indirectly suffer from:

    a). Crash Fault: Overloading the elected node with the task of validation and not having any backup mechanism in case of a failure on the elected validation end.

    b). Byzantine Fault: This is a subtle fault where an illusionary distribution of consensus is believed to be there although the consensus might be centralized within a few nodes.

    ● Consensus finality

    There are two major categories of transaction finality- absolute and probabilistic. Probabilistic consensus may have transactions rolled back, which can not be committed later in the same block and hence will be re-generated and re-validated to be committed to a block. Here, response time is a factor that influences the determination of the consensus mechanism whether probabilistic or absolute. Today only ripple and DBFT provide absolute finality. The primary goal of a consensus is to maintain an authentic global state of the blockchain, eliminate the vested interest of one or more nodes, and have a dedicated aim of maintaining the privacy of data. A blockchain must always remain in a state agreed upon by every single node i.e. in a perpetual state of unquestionable integrity.

    ● Attacks

    Global accessibility and transparency make blockchains highly susceptible to threats. A consensus mechanism dealing with financial trade should help users mitigate the risks while keeping asset control within the hands of the owner. The achievement of a global state in the chain and its maintenance induce trust among the nodes and peers.

    Depending upon the category of the security attacks a blockchain is susceptible to, consensus mechanisms can be employed to add a layer of security over the blockchain. RAFT, PoB,  and PoA are a few protocols that stand strong against DDos attacks while PoT and Ripple are robust when it comes to Sybil attacks.

    There are a few more considerations needed to be made before a consensus mechanism is finalized they may include the implementation approach, tokenization, and strength of the algorithm.

    No parameter single-handedly influences the selection of any particular consensus mechanism. The combination of those parameters impacts how a consensus mechanism performs in various applications developed over that blockchain.

    Hybrid Consensus

    Without compromising the unique characteristics of consensus mechanisms like scalability, security, decentralization, and permissionless swift operation consensus mechanisms can be combined to form a suitable consensus for a particular use case. The purpose of hybridization is to get the best of both worlds, public and private blockchain. The amalgamation is presided by the compatibility of the employed individual consensus. The resultant here is a hybrid blockchain, that experiences stricter visibility restrictions from external networks and smoother internal processing.

    The hybridization may not be employed on the blockchain itself but at a second layer above the blockchain, the functional layer where most applications are deployed. Though here the second layer of scrutiny and functionality is added, it reduces the burden on the main blockchain. This must not be compared to a dual consensus mechanism as utilized by Solana, Solana has a consensus where blocks are pipelined based on PoH while the validation is done through PoS. It is an independent blockchain employing two mechanisms of consent at two different times.

    Migrating to another consensus mechanism

    Ethereum has created a lot of stir by migrating to PoS from PoW. This is not a smooth process. On top of the effort and capacity, the transition phase is plagued by huge vulnerability and thus requires additional effort to protect against Sybil and other attacks. Ethereum itself has done that in phases as once a blockchain is functional that too a public one, there is no halting of the transactions happening around and generation of blocks. Migration on Ethereum has been carried out in phases, and till the point of writing this PoW is parallelly functional with PoS. The Mechanism and considerations of migration are beyond the scope of this blog, though Ethereum has exemplified that it is possible and complex both at the same time.

    The future of the Consensus

    The future of digitization is centered around blockchain and hence consensus mechanisms are under scrutiny. Every new blockchain is trying to outdo what has already been done. Solana brought in a whole new set of protocols like sea level, and cloud break to challenge the prevalent blockchains. It did benefit from it and reach competitive popularity in no time. The goal though is not a single blockchain or the best consensus mechanism only. The goal is to reach a level of cooperation where individual blockchains can function and currency or any digital transaction is feasible without the boundaries of underlying architecture or blockchain or the governing consensus mechanism. Metaverse, the ultimate single digital space is far until individual blockchains are seamlessly integrable to form a synergic alliance.

    Looking for help here?

    Connect with Our Expert for
    a detailed discussion

    Post Views: 19

    Post navigation

  • Crypto and blockchain acceleration in uncertain times IBM Supply Chain and Blockchain Blog

    Crypto and blockchain acceleration in uncertain times IBM Supply Chain and Blockchain Blog

    Share this post:

    There are moments that change the world, that create seismic shifts in what feels like an instant. The ongoing cycles of COVID pandemic and the fallout of the Russian war in Ukraine have changed the world. These shifts are felt daily in the world of trade, where we’re seeing new widespread adoption of digital solutions to overcome volatility; shortages and lockdown impacts fueling inflation; currency flux; and of course stress on global supply chains. As a result, both government and private organizations around the world are turning to crypto and enterprise ecosystem solutions, powered by blockchain.

    Background: digitization of trade under COVID

    The onset of COVID increased the urgency of the digitization of trade, and the war in Ukraine ratcheted it up further still. We have learned that digitization alone is not going to prevent goods from being stuck in customs and on vessels for extended periods of time due to problems in processing paperwork. In many cases over the last years, goods could still not be offloaded because the paperwork workflow in those emerging digitized processes still needed to be reconciled between parties in a “manual” manner. While the paperwork had been digitally scanned, it still had to be “signed and stamped” to pass to the next stage of the workflow.

    Trade through public ledgers and smart contracts can lower the costs of transacting by its optimum, as the reconciliation step across the trade ecosystem is automated. This capability and agility is critical now given the war in Ukraine. An International Chambers of Commerce report highlighted that with full digitization, global trade could increase by $9 trillion within 5 years, and that trade would grow by 46%. Such reductions in operational costs could drive positive GDP growth and provide small and medium-sized enterprises (SMEs) access to capital and thereby reduce the $1.5 trillion trade finance gap. This access to funding will be critical as part of the rebuilding work in eastern Europe after the war.

    Business outcomes powered by blockchain are not limited to the enterprise. The effect of cryptocurrency acceleration in Russia and Ukraine is notable and reflects the differences between the two countries’ regulatory environments before the invasion.

    In Ukraine, whose regulatory environment has sped up acceptance and promotion of digital currency adoption, the government has raised significant funds through NFTs and other cryptocurrency efforts.

    In Russia, which lacked this regulatory promotion, there has been limited use of cryptocurrency to transfer funds in or out of the country. In fact, the dependency on the ruble is becoming severe, as international sanctions against Russia now limit the exchange of currencies.

    The war shows five wartime advantages for countries that promote cryptocurrency through regulation — advantages that accrue to both a government and its citizens.

    Cryptocurrency can improve access to capital during wartime

    The war in Ukraine caused a spike in cash withdrawals from banks as Ukrainians prepared for uncertain times. To prevent capital flight, the government of Ukraine recently banned its citizens from buying crypto with local currency.

    Meanwhile, as the ruble collapsed, Russian citizens looked to cryptocurrencies as a store of value because they were not correlated, or indeed connected, to the local instability. These citizens can only make limited use of digital currencies for everyday purchases. But this wealth vehicle can provide citizens with a decentralized, censor-resistant safe harbor of their capital. During the conflict, crypto has become an increasingly popular method of transaction, as it is viewed as a secure alternative method to access finances.

    Cryptocurrency can ease inflationary pressure

    In wartime situations where traditional currencies tend to fluctuate, the use of global cryptocurrencies could reduce volatility in price and currency supply. The Russian invasion of Ukraine has sent markets scrambling for alternative sources of oil, wheat, and sunflower outputs. To combat inflationary pressures, both consumers and SMEs can hedge against devaluing currencies by considering cryptocurrencies as value shelters.

    Blockchain improves transparency and makes fundraising more public

    Ukraine, now a digital assets and cryptocurrency leader in Eastern Europe (with significant adoption even prior to the invasion), has raised significant funds over recent months by accepting donations through crypto exchanges to help finance its Department of Defense.

    The Museum of War NFT helps supporters donate directly to the Ukrainian government without an intermediary organization, increasing donations by ensuring the transactions are public and secure. The data is recorded in a decentralized blockchain network, making the data difficult to tamper with. The system is available to everyone simultaneously, contributing to agility and transaction transparency.

    Blockchain can help Ukraine rebuild by improving access to capital

    While traditional legacy banking systems require three days to complete a cross-border transaction, blockchain networks allow for transactions to be settled in several minutes. In late March, Ukrainian lawmakers requested that Ukraine be accepted into the European Blockchain Partnership (EBP) to support the reconstruction of Ukraine. Joining the international organization would achieve the goal of streamlining access to cross-border electronic services.

    Looking to the future of digital trade

    Multinational companies should continue to expand their consideration to connect their ecosystems with the trusted sharing of data across common workflows. For example, powering digital identity, supply chain provenance and digital asset workflows with blockchain will create capabilities to not only capitalize on new market model capabilities, but also to foster the needed agility for uncertain times. What we’re seeing in 2022 is still just the beginning, as evaluation and acceptance grows for cryptocurrency and the blockchain.

  • What is gerowallet? where to buy gero wallet crypto token in 2022 » Destpump

    What is gerowallet? where to buy gero wallet crypto token in 2022 » Destpump

    In today’s post I will write about Gerowallet and where to buy gero wallet crypto coin what is Gerowallet. Gerowallet is an all-in-one DeFi app designed to be a powerful instrument for experienced and new users, alike. GeroWallet delivers a redefined UX by focusing on a user-centric design. Gerowallet features a built-in multi-functional toolkit that boasts inter-chain and cross-chain swapping, with liquidity lock features. Wallet capabilities will expand with staking, swapping, and fiat on/off-ramp functions. Complementing this kit, the $GERO token will be implemented as a medium for all in-wallet transaction fees.

    Why GeroWallet?

    DeFi users today often switch between several blockchains such as Ethereum, Binance Smart Chain, Polkadot, Cardano, and Solana — which is a hassle. Furthermore, users are forced to navigate between chain-specific apps or price tracking tools, leading to an inefficient and poor user experience.

    GeroWallet was engineered to solve these problems. Users will interact with tokens, smart contracts, and price trackers seamlessly without worrying about the compatibility of underlying blockchains. For our MVP, we have built a browser extension that gives users direct access to the decentralized world. Additional to our browser extension, GeroWallet will expand to both a mobile application and hardware wallet.

    Gerowallet Governance

    GeroWallet will be governed by the community as a decentralized autonomous platform. While staking $GERO, users can vote on proposals such as selecting new blockchain integrations and fee/reward structures. Staking rewards users by providing discounts on wallet services while also offering access to premium features and integrations.

    Perfect Fit for the Cardano Ecosystem

    Ethereum’s high gas fees vs Cardano’s low gas infrastructure

    At the peak of the Decentralized Finance (De-Fi) boom 6 months ago, Ethereum gas fees reached all-time highs.Transaction fees were as high as $700 and continue to be as high as $500 per transaction.These exorbitant transaction costs have become discouraging to many users.

    Ethereum gas fees are paid to miners for processing transactions on the blockchain. The complexity of data moved and the user’s desired speed of transaction dictates the price. Ethereum’s transaction system resembles a port, where miners are the middlemen who ferry transaction data onto the blockchain. However, as the number of transactions escalate the number of ferries do not increase proportionally.

    In order to ensure their transactions are given precedence, some users will pay higher Ethereum gas (gwei) for their transaction. The system incentivizes the ferry owners to transport the highest bidders first, effectively creating a “gas war.” Herein lies the scalability problem of many early blockchains such as Bitcoin and Ethereum. Ethereum has thus become a victim of its own success.

    Though Ethereum has since implemented its layer-2 solution to address scalability problems, Cardano is designed with scalability as a core feature. Firstly, Cardano’s transaction fee structure is fundamentally different from Ethereum. Each transaction fee is comprised of two parts: a cost corresponding to the size of the data per byte, and a fixed minimum cost. Secondly, fees are not immediately paid to the node operators but instead are collected in a virtual pool then distributed to all pools that created blocks during an epoch. All blocks are centrally created by nodes from Input/Output Hong Kong (IOHK) and its partners. Collected fees are distributed at the end of the epoch, therefore node operators can process transactions in a fair and egalitarian manner.

    This makes Cardano the perfect platform upon which to build GeroWallet. More than just a wallet, GeroWallet features a simple, all-in-one solution for all levels of crypto users. Synergized by Cardano’s strengths, GeroWallet users will be able to perform tasks such as store, send and receive any cryptocurrency regardless of the underlying blockchain.

    GeroWallet can directly buy or sell any cryptocurrency using fiat on/off ramps. Cardano’s cross-chain connectivity will enable developers to seamlessly adapt decentralized applications (dApps) and services from any blockchain onto GeroWallet. Examples of these decentralized services include: token staking, yield farming, and digital asset lending. With so many complex services built into GeroWallet, a low transaction fee system such as Cardano is imperative.

    Tokenomics

    Token $GERO supply: 500 Million

    Private Token Sale36%

    Ecosystem & Community Rewards30%

    Team & Developers20%

    IDO Token Sale7%

    Initial Liquidity4%

    Advisors3%

    where to buy gero wallet crypto token ?

    Top exchanges for trading gero wallet token.

    ☞ Uniswap Ethereum Dex
      ☞ Hotbit. Centralized Exchange
      ☞ SundaeSwap. Cardano Dex
      ☞ MinSwap Cardano Dex
      ☞ MuesliSwap
    Cardano Dex

    how to buy gero wallet token on Uniswap

    Make sure you have enough ETH in your wallet to cover the transaction fees.

    You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…

    I will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.

    Once you register and finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…

    ☞ SIGN UP ON BINANCE

    Next step

    You need a wallet address to Connect to Uniswap Decentralized Exchange, we use Metamask wallet

    If you don’t have  download one

    Transfer $ETH to your new Metamask wallet from your existing wallet

    Now

    Connect Metamask wallet to Uniswap Decentralized Exchange and Buy, Swap GERO token

    Contract: 0x3431f91b3a388115f00c5ba9fdb899851d005fb5

  • 5 NFT Use Cases Creating Value and Transforming Businesses

    5 NFT Use Cases Creating Value and Transforming Businesses

    NFTs or Non-Fungible Tokens have become the new attraction in the cryptocurrency and Metaverse industry. People are already excited about it. It has the potential for good returns for early investors. But other than its value, people are confused about its real-life uses and implementations. So in this article, we will help you understand some potential use cases for NFT and show some examples of where they are already being used.

    Theoretically, NFTs are digital tokens of digital and real-world assets that can be applied to any item. Although undergoing pains as a technology and a financial tool, NFT provides a new means of earning money by digitizing assets, verifying the legitimacy of physical assets on the internet, and monetizing intellectual property. They are used progressively for verifying the authenticity of many unique, valuable items and collectibles.   As the market develops, both buyers and the market should go forward with caution. Although the broad-based applications of NFT have not been discovered, the plan has been laid for more extensive uses, supporters of technology assert.

    In contrast, some real-world assets are impressive and have their value, like baseball cards,  real estate, and fine art. They are also non-fungible assets and on a blockchain, these non-fungible assets are represented by NFTs.

    What are some use cases of NFTs? 

    NFTs present several benefits, the most disapproving one being that they offer the opportunity to make rare or even one-of-a-kind digital assets. As these assets are based on a blockchain, they are under the inspection of a decentralized network and can’t be destroyed or copied. They won’t deteriorate or get harmed over time like physical assets. So when we compare physical and digital collectibles, a digital collectible is something that can last forever.

    Every NFT transaction is stored in the blockchain providing a complete and unchangeable history. When the owner of the NFT wants to sell it, they can get involved in secure trading with their direct counterparty. This is done by liquidating the crypto into fiat currency and evading the need for brokers and their fees.  Lately, many industries are exploring how these benefits can create new revenue streams, engage consumers and deal with legacy problems. Below are a few of those examples.

    Real Estate

    NFTs are already used broadly to deal with “virtual real estate”   in VR games such as Decentraland. They are now also being used to represent the physical real estate. Micheal Arrington, the founder of TechCrunch sold his NFT-backed Kyiv apartment for 36 ETH (which is over $100,000 at current prices). Blockchain is an ideal technology for such peer-to-peer sales, securely and quickly transferring the ownership between buyer and seller with the transaction recorded on the ledger. Small contracts compensate for the need for lawyers or notaries.

    Investors pooling in funds to purchase a property is also one of the more intriguing NFT token use cases when used for real estate trading. For example, younger people can invest in a share of a property to generate new income that can eventually be used to support their house purchases.

    Gaming and Sports Collectibles

    Gaming already has a vast market for NFTs. We know that you can buy skins and passes in games.  But wouldn’t it be better if you could take those buys to other games that you play? Additionally, if you could rent those skins to someone for say a month and even sell them? This is the possible future NFT gaming can help to achieve. One of the largest blockchain-based games, Axie Infinity lets you buy NFT-based characters and items to use in-game or sell these characters in exchange for cryptocurrency. Any game development company can get benefited from the ever-evolving blockchain-based gaming market. As there is a huge opportunity for game developers to integrate NFT in games.

    The sports industry has a massive chunk of the market. Sports collectibles like t-shirts, hats, tickets, balls, and other valuable items are kept or sold with a considerable margin. They can be used as digital tokens to trade the highlights and iconic moments from the game. This way you can possess the NFT of the winning highlight of the match. The value of such items grows with time, all depending on the fanbase. The NBA and WNBA are trading Top Shot Moment’s tokens and these are sold on the NBA Top Shot platform. These are usually digital collectible tokens of popular highlights in the game for example a video of a player making a winning shot.

    Digital Artwork

    NFT-based artwork already has a broad interest. They are distinct and play an important role in providing exposure to many digital artists to sell their artworks to potential clients. Numerous digital artworks have seen a tremendous rise since they were launched as NFT.

    All these artwork have proof of ownership linked to their existing owner and they can be efficiently traded and sold on the blockchain. Most people can’t reason with the exact logic behind buying digital artwork as NFTs. You can just tap save and own those artwork right? As the blockchain system advances, we will begin seeing the benefits of owning an NFT. The prime example of art as an NFT is the library of artist Beeple. His artworks were sold for 69 million dollars. One can check out several artworks hosted on the NFT marketplaces like OpenSea and Binance NFT.

    Supply Chain Provenance

    The supply chain operators are tapping into NFT use cases at a fast pace, capitalizing on the originality and traceability of assets to help establish provenance and prevent forged products from entering the market.  A suitable example of this is the luxury goods market, where operators including LVMH and Prada have joined hands to launch a Blockchain platform called Aura. When customers buy an expensive watch, handbag, or jewelry, they will be provided with a corresponding unique “digital twin” NFT which will reveal to them the origin of their products, which consists of details about the quality and the manufacturing process.

    NFTs are now also being used to track down the Provenance of fine wine, another sector where imitation has become run of the mill because of the huge sum at stake.

    Music

    The music industry is probably the only one with multiple opportunities to explore NFT use cases but given the growing pace of adoption, their journey has just started. At the moment, their utility has been similar to other sectors in the entertainment industry, where artists like Eminem and Snoop Dogg have launched works as NFTs.  They can deliver so much to the industry as programmable smart contracts and help with copyright issues. NFT can not be copied or pirated, which solves the crucial challenge that has troubled musicians long before the music even became digitized. Additionally, the rights to royalties can be programmed into a token, so whenever it is sold, a share of its proceedings can automatically get to the right holders.

    Summing up 

    So these were some of the ideal business use cases of NFT currently, with that we hope we were able to remove any confusion that you may have. We are going to continue seeing more options and uses as we see an increase in its adoption. For your NFT project development needs, PrimaFelicitas is one of the top blockchain development companies to provide you with best-in-class solutions.

    Looking for help here?

    Connect with Our Expert for
    a detailed discussion

    Post Views: 2

    Post navigation

  • hybrid networks powered by IBM Blockchain Services & CasperLabs at Davos 2022 IBM Supply Chain and Blockchain Blog

    hybrid networks powered by IBM Blockchain Services & CasperLabs at Davos 2022 IBM Supply Chain and Blockchain Blog

    Share this post:

    The last few years have created a perfect storm of digitization and trust. Within the new Web3 partnership and ecosystem models coming to life now, powered by creator economy/token economy concepts, the full hope (promise) of the internet is on the horizon. Delivered in a digitally native experience (for or with a generation that won’t accept anything less), the future of enterprise blockchain has accelerated and evolved.

    The blockchain market as we know it has matured to where we are seeing real adoption from enterprises, governments and financial institutions. Public chain technology has also become more resilient and scalable, and now with layer 2 solutions making them more useable, there is increasing experimentation and adoption in DeFi and for Web3 applications overall.

    A hybrid enterprise blockchain solution can help organizations realize new business outcomes such as:

    • Fine-grained security, privacy, auditable regulatory compliance and protection of competitive advantage
    • Agility to adapt to market changes and competitor moves
    • Single source of truth visible to all participating members in near real time with reduced friction, cost savings and efficiencies

    For the enterprise, unlocking the power of hybrid networks means thoughtful strategy, design and experience rooted in trusted data, tokenization, portability of assets and scalability of users. This digital convergence is the new table stakes for successful monetization in the digital economy and for de-risking an enterprise’s marginal dollar investment in the space. Today, we are delivering Web3 and metaverse consulting, leveraging years of market-leading client success powered by blockchain, working with both permissionless and private networks. We know that the potential has always been there for more. This week at Davos we’re delivering on that vision.

    In one hybrid blockchain success story that we showcase this week, IBM Blockchain Services, together with our partner CasperLabs, are trailblazing success together, leveraging hashed timelock contracts (HTLCs) to make organizations’ workflows and transactions more seamlessly interoperable between blockchain networks. This means a promise of future trust digitization, where in-enterprise blockchain solutions are precision engineered for the web3 world,

    “We are excited to continue our partnership with CasperLabs, bringing to life real, measurable client outcomes powered by hybrid blockchain with speed, at scale. IPwe is the first of many new marketplace models in action for the industries re-imagined.”

    — Anouk Brumfield, VP Blockchain Services, IBM

    For clients of CasperLabs and IBM, this technology offers an exciting option, combining the enhanced security of a private consortium network running Hyperledger Fabric with the public verifiability and open market access enabled by Casper public blockchain capabilities. We’re very excited to see what we can create together!

    Read the CasperLabs Davos announcement on our work together.

  • Eazy ways to spot a crypto rug pull scams – Destpump

    Eazy ways to spot a crypto rug pull scams – Destpump

    Given cryptocurrency’s rise in value over the last few years, it’s not surprising to see that people with malicious intent are trying to get in on the action. One of the methods they use is the crypto rug pull and it’s something that may scare off a lot of people from getting into cryptocurrency. That’s is why is important you use a rug pull checker service like tokensniffer to check for Scams before investing in a new token/coin.

    What is a crypto rug pull?

    A rug pull is a fraud scheme that tricks people into investing money in a fraudulent product. In this case, with an offer for an incredible deal, an investor is enticed to invest their hard-earned money (or, in some cases, Bitcoin and other cryptos) into a token. 

    Essentially, what happens then is that the token developers abandon the project, taking their investors’ money, and leaving little to no trace—thanks to the anonymity offered by the exchange. 

    How does a crypto rug pull work

    The reason that a rug pull might work with crypto is that there are fewer regulatory entities present in the transaction. This is why most crypto rug pulls happen on Decentralized Exchanges (DEXs). 

    DEXs are platforms wherein transactions are strictly between the two parties involved. That means no one is there to regulate the deal and make sure that each party follows the rules. Keep in mind that a rug pull can happen not just on DEXs but on Centralized Exchanges (CEXs) as well. 

    Types of crypto rug pulls

    To help you safeguard your investments, it’ll help to understand how these frauds might be done. Generally, a rug pull can fall under these two categories:

    These types of rug pulls are the more technical approach, tricking the victim into buying tokens that can only be bought, not spent. They do this by altering the code’s function that “allows” transactions to be done with the token. 

    Token transactions require this approval for the smart contract embedded in the code of these tokens. Without that approval, users who own these tokens will find that they basically have no value. 

    This will be the more common scheme that people will be trying to pull as it requires less technical knowledge. Instead of altering the token’s code, people attempting this rug pull will be pairing an altcoin with a popular cryptocurrency, say, Bitcoin. 

    What happens next is that the creators of the new token copy the contract code of other tokens. With this, they create publicity around their token, making sure that it is trending and thereby attracting more and more buyers. They’ll be adding to the liquidity of the token on DEXs, making the product a lot more enticing than it should be.

    Remember the smart contract they copied? Well, this is paired with each of the tokens being traded, locking in the transactions in a liquidity pool. Once they’ve locked in enough transactions (many of which are people simply trying to make some money by buying in early), they ditch the project.

    Signs of crypto rug pulls to watch out for

    Now that we’ve defined what a rug pull is and the different ways it can be pulled off, let’s take a look at what signs you can watch out for to avoid falling into that trap.

    • No information about the development team

    Remember what we said about the anonymity of the token creators? Keep an eye out for signs of trouble when there is no information available at all. This is especially true if their accounts are all recently created as well.

    • They only provide vague or ambiguous whitepaper documentation

    Token developers will usually have a whitepaper to accompany their token to give their audience a deeper insight into how their token functions. With no clear methodology or goals, it might be time to look at other options. 

    • Yields or returns are too high

    It’s like what we’ve said before about things being too good to be true; if either projected or initial yield looks too good to be true, then it probably is.

    • There is a disproportionate focus on marketing aimed at drumming up hype

    Earlier this year, we published articles discussing how social media and crypto influencers can have a big impact on the hype surrounding a token or a cryptocurrency. Be wary of these trends as these could be part of a fraud strategy.

    • No locked liquidity pool from investors

    Token creators should have a stake and invest a certain amount of their own money in the token you’re considering. If this is not the case, it might be a rug pull.

    Real-world examples of crypto rug pulls

    We’ve talked about how these rug pulls are done, in theory. Now, let’s take a look at some real-world examples of successful rug pulls. 

    2021 saw Compounder Finance, a Decentralized Finance (DeFi) platform, pull off a theft of 10.8 million USD in customer funds. This rug pull was a result of the developer team substituting the secure and audited contracts with flawed alternatives, allowing them to dump the project with all their investors’ money. A big factor here may be the fact that they copied the name of a legitimate DeFi protocol, Compound Finance. 

    In this same year, Thodex saw its founder, Faruk Fatih Özer, flee to Albania with an estimated two billion USD in customer funds in April when the DEX was suspiciously closed. The reason they were able to get away with so much money is thanks to their user-base of 390,000 people. 

    Most recently, the Squid token garnered enough investors to bring the value of their token up from 628.33 to 2,856.65 USD within just 10 minutes. Not long after that though, prices dropped to just 0.0007 USD. Once all the confusion was done, people were left staring at an empty website with zero leads on the developers of the token. 

    Tips to avoid a crypto rug pull

    As a crypto trader, your job now is to figure out how to work around all these traps that people have set up. Don’t worry, for that we have a few tips handy:

    • Review any whitepaper, documentation, and code available

    Avoid rug pulls by learning as much as you can about the product being sold to you. Documentation is key here so don’t let all the reading discourage you. Take some time to understand how the project started, why the creators are doing things the way they are, and what the goals of the developers are.

    • Look up the creators on social media

    Find out what you can about their previous successful projects, if any. Performing this due diligence can be the key to figuring out who might be behind the token. Getting an idea of who the developers are should give you a better understanding of how they do things. 

    Keep in mind that legitimate tokens on the market are usually accompanied by millions in liquidity. That being said, this should be one of the metrics to keep in mind when you’re looking for tokens to buy, making sure that the liquidity of the token for consideration falls within the appropriate range.

    • Find data about coin holders

    Remember: the majority of coin holders should not just be the developers themselves. The reason for this is that the larger their share of the holdings, the more control they’ll have on the market. 

    If all the coin holders are just the developers themselves, that’s a sign that the value of that token is only given by the creators and not determined by the actual demand of traders like yourself.

    • Compare holders and listings data on DEXs

    Compare the numbers of declared coin holders and the listings before purchasing anything. The reason for this is that coins, again, should be held by more than just the developers themselves and should be sold proactively. That said, a coin that has only a few holders on file and is being sold quietly can be a sign of a rug pull waiting to happen.

    Remember that point we said about people altering the code to prevent you from “spending” your purchased tokens? The best way around that is to be able to understand the code of the token, just so you can safely say that the developers aren’t hiding anything.

    Alternatively, you can pass this task on to an independent auditor who will be the one in charge of flagging any dubious lines of code.

    It pays to do your own research.

    while the technology is useful for empowering people when it comes to financing, it can also empower the wrong kind of people. Use a little discernment before your next token purchase; again, if it’s too good to be true, it most probably is. 

    Play your cards right and stick to the safer option. Mediated trades might mean losing a little of your revenue but, at the end of the day, it also means securing your investments.

  • STaaS: The Crypto way of Portfolio Diversification

    STaaS: The Crypto way of Portfolio Diversification

    An opportunity to tap into the appreciation potential of the assets is hard to pass. While cryptocurrency has become an essential “other investment” for the financially elite to diversify their portfolios, it is disturbing for them to have their assets lying idle. Staking provides an opportunity for currency holders to add value to their holdings by leveraging them to procure more of them while ensuring the security and sanctity of the network.

    With the industry trends showing an inclination towards an environment-conscious digital economy and Ethereum the second-largest crypto network laying the path to migrate to PoS, leaving the PoW mechanism behind, re-assures that PoS is the future of blockchains. Proof of Stake is the mechanism in which the currency holders lock a portion or whole of their currency to become eligible for the validation (currency mining through a consensus-based mechanism) process. Once elected, the validators verify transactions to form a complete block which when linked to the blockchain earns them rewards generally in terms of the currency itself. To enforce network security, the validators are penalized too for any kind of malicious behavior through what is known as slashing in PoS space. Thus for those with “skin in the game” there is an opportunity to take part in block production either themselves or by delegating it to a validator. Read in detail about Proof of Stake here.

    The hard part is gaining the technical expertise to effectively participate in the validation process and make decisions (the hard ones), keeping the benefit of the network at the forefront. This is where Staking Service Providers step in to monetize the opportunity. Staking via staking service providers is a model for asset holders with high-risk capacity, i.e. the holders of a huge amount of assets sitting idle, but they are unwilling to take the risk. As STaaS provides them with an opportunity to stake their assets with a certain extent of performance guarantee, their risk aversion feeds the stake requirements of the STaaS provider. This turns out to be a win-win for both the asset holder and the STaaS provider. The stakers offer their assets to the service provider, which enables the service provider to participate in the validation process thus earning rewards in return from the network. Their sole aim is to maximize the returns for the stakes for the benefit of stakers and themselves alike. This paradigm enables anyone to participate in blockchain consensus in a more egalitarian and fair manner.

    The established exchanges that provide a platform for crypto owners to trade their digital assets are working to accommodate “staking as a service”. They are leveraging the demand and supply gap in the PoS systems to have qualified validators who own enough stakes with them to participate in transaction verification and block validation.

    The “Rich”

    These are the holders that own the stakes but do not have any knowledge of how to use them or multiply their holdings. Their holdings may range from a little to huge. Though, without the technical expertise, they cannot avail the benefits of the PoS mechanism.

    The “Learned”

    These are the ones with technical expertise and skill to participate effectively in the consensus mechanism but without enough stake to be eligible or elected as the validators for providing consensus to verify transactions.

    STaaS is essentially an extension of the Delegated Proof of Stake protocol. In DPoS, delegators hand-pick the validators they want to stake for them and earn rewards based on a percentage with the validator. They need to understand that validators differ in their capabilities, hence the fee they charge and choose the ones with interests aligned with their own. Additionally, they need to navigate through the wallet interface for the stake delegation process. They also need to monitor the performance of the validator to be assured against crypto fraud or losing their stakes to slashing.

    STaaS providers eliminate the need for the stakeholders to search for trusted validators and the need for validators to look for stakers who can lend their holdings enabling them to participate in the validation process. The STaaS providers earn by keeping a portion of rewards from the generated earnings for themselves as a fee and distributing the rest of the reward amount among the participating stakers and validators.

    What’s in it for the Retail Investor?

    Assured Returns:

    STaaS entities possess enough skill and capacity to assure the stakers of a certain amount or percentage of returns. They can ensure performance and consistency to extract enough returns from the blockchain maintenance process. They may utilize one or more staking opportunities through one or more nodes working as validators to maximize the returns. As returns are shared in terms of percentage of stakes, benefits of earning higher returns are also distributed among stakers and the service provider proportionately.

    Stake Insurance:

    As stakes are not dependent on lone validators, there is assurance for continuity of reward inflow. The staker is not restricted by the earning capabilities or judgments of a lone validator. There is no fear of poor validator performance. This kind of investment has higher security from slashing events as well. Some service providers offer insurance against slashing as well as any unforeseen circumstances.

    Staying up with Network Inflation:

    Staking propels the growth of users’ holdings in line with the inflation within the network. Minting results in increasing the circulating supply, which is certain to cause inflation. However, staking enforces locking off the assets with the smart contract for the staking epoch to mint more tokens. This circumvents them from circulation while enhancing individual holdings through rewards for minting. This works in favor of incentivizing participation in staking to keep the blockchain network secure and negates the pressure of inflation on an individual’s holdings.

    Multi-Currency/ Multi-Chain staking:

    Staking through service providers allows the stakers to indulge in cross-blockchain and cross-currency staking processes based on the STaaS provider infrastructure. This eliminates the urge to continuously track the blockchain space and keep up with the rapidly growing number of chains to optimize asset use.

    An important aspect to consider for retail investors is the custodial or non-custodial mode of investment. While the latter requires only the transfer of staking rights to the service provider, the former demands surrendering the assets as well to the service provider for the staking process and locking the same for a predecided period.

    What’s On the Plate, Apart From Bare Staking

    Investors who lock their assets to earn rewards are trying to put their idle assets at work. Basic staker-validator benefits are in place even though the participation at both ends is quite limited to only a smalls section of crypto investors. As the number of PoS blockchains is on the rise and STaaS is expected to take over among exchanges as a major service, a simple give and take are not enough to keep the stakers loyal to the institution. The increasing competition among STaaS service providers and the stronger grasp of investors on the whole crypto thing is paving way for better staking opportunities. The crypto industry is ready to incorporate the investor’s demands to sustain itself. Blockchain protocols that encourage holding among stakers and putting the holdings back into the system to keep it growing are being developed at a never-before pace. The technology and experts are all geared up to develop staking platforms that harbor both staker and validator interests with ease while generating profits for the staking service provider.

    The STaaS providers need to expand their offerings beyond the obvious and incorporate fringe benefits for stakers as well as validators. There is also a need to circumvent the limitations imposed on the staked assets to allow stakers to participate in decentralized finance applications seamlessly. A few of the highly demanded features that providers may incorporate are discussed below.

    Staking Incentives:

    The investor is no more looking only for rewards that are dependent on the institution’s capacity to replicate its profits but what the institution has to offer as a bounty to lock their assets with them. Increasing competition among institutions has also opened tracks to offer pooling bonuses and other perks to attract investors.

    Performance Tracking:

    Investors lending out their assets to enable validators to participate in the network maintenance process are seeking out analysis of the performance of the institution as well as their assets as all they need is better rewards and an inflation averse growth. STaaS service providers must provide easy accessibility to their performance analytics and transparently disburse the earnings among participating stakers.

    Flexible Stake Locking Duration:

    An easier to accommodate requirements for the STaaS providers is to allow flexible stake locking duration to the investors. At present, short and long-term locking is available but it impacts the incentives earned not just the amount of rewards but the percentage earned is smaller for the short-term stakers as well, which might be off-putting once the competition intensifies among STaaS providers.

    Ease of Restaking:

    Stakers in near future may look for ways to control where their stakes are being utilized. With increasing education in the blockchain space, grows the desire to be able to reassess one’s investment and re-align the portfolio with one’s earning goals.

    Time-Efficient Unstaking:

    An important feature under consideration, with increasing acceptance of cryptocurrency within traditional markets as a tradeable entity against fiat, is the ease of unstaking. Cross-trading between fiat and crypto for the stakers to conveniently migrate their locked assets to freehold assets and the ability to exit the staking process as and when required is a great selling point for the service providers to attract investors.

    Liquid Staking:

    One of the most sought-after processes, which is bound to revolutionize the whole staking environment is liquid staking. An ability, to stake your assets without having to lock them. This is in fact under a lot of brainstorming. There is a buzz in the market to make available a representative token that can be traded to earn incentives on the blockchain rather than the currency itself. Although, the logistics still need a lot of r&d to have it implemented at the ground level.

    The Future

    Staking is a means to earn rewards, and providing a service for the same is instrumental for exchanges to transform into the analogies of traditional investment platforms. There is a lot of scope to improve decentralization and capital efficiency without compromising network resilience which is set to revolutionize innovation in the blockchain space. At present very little analysis has been done around the most suitable economical design to encourage staking and staking services. STaaS facilitates engagement with the upcoming blockchains, that employ Proof of Stake and are sure to change the face of the industry in the coming years. There also needs to be some research around the impact of staking at a large scale on the blockchain network.

    The STaaS providers that offer higher peripheral support and bid on projects with additional security, usability, and reliability as side effects of staking and node building, are the ones that will emerge as winners.

    As non-technical people are also getting interested in the upcoming breed of blockchains and the economics behind them, there is sure a growing need of harvesting the willingness to participate which requires platforms that may be inclusive of most if not all expectations. PrimaFelicitas is a premier blockchain-intensive company offering secure and robust staking platform development services over multiple blockchains. We also help businesses better appreciate the DeFi staking logistics and incorporate the same seamlessly into their existing business models.

    Looking for help here?

    Connect with Our Expert for
    a detailed discussion

    Post Views: 70

    Post navigation

  • Eazy ways to spot a crypto rug pull – Destpump

    Eazy ways to spot a crypto rug pull – Destpump

    Given cryptocurrency’s rise in value over the last few years, it’s not surprising to see that people with malicious intent are trying to get in on the action. One of the methods they use is the crypto rug pull and it’s something that may scare off a lot of people from getting into cryptocurrency. That’s is why is important you use a rug pull checker service like tokensniffer to check for Scams before investing in a new token/coin.

    What is a crypto rug pull?

    A rug pull is a fraud scheme that tricks people into investing money in a fraudulent product. In this case, with an offer for an incredible deal, an investor is enticed to invest their hard-earned money (or, in some cases, Bitcoin and other cryptos) into a token. 

    Essentially, what happens then is that the token developers abandon the project, taking their investors’ money, and leaving little to no trace—thanks to the anonymity offered by the exchange. 

    How does a crypto rug pull work

    The reason that a rug pull might work with crypto is that there are fewer regulatory entities present in the transaction. This is why most crypto rug pulls happen on Decentralized Exchanges (DEXs). 

    DEXs are platforms wherein transactions are strictly between the two parties involved. That means no one is there to regulate the deal and make sure that each party follows the rules. Keep in mind that a rug pull can happen not just on DEXs but on Centralized Exchanges (CEXs) as well. 

    Types of crypto rug pulls

    To help you safeguard your investments, it’ll help to understand how these frauds might be done. Generally, a rug pull can fall under these two categories:

    These types of rug pulls are the more technical approach, tricking the victim into buying tokens that can only be bought, not spent. They do this by altering the code’s function that “allows” transactions to be done with the token. 

    Token transactions require this approval for the smart contract embedded in the code of these tokens. Without that approval, users who own these tokens will find that they basically have no value. 

    This will be the more common scheme that people will be trying to pull as it requires less technical knowledge. Instead of altering the token’s code, people attempting this rug pull will be pairing an altcoin with a popular cryptocurrency, say, Bitcoin. 

    What happens next is that the creators of the new token copy the contract code of other tokens. With this, they create publicity around their token, making sure that it is trending and thereby attracting more and more buyers. They’ll be adding to the liquidity of the token on DEXs, making the product a lot more enticing than it should be.

    Remember the smart contract they copied? Well, this is paired with each of the tokens being traded, locking in the transactions in a liquidity pool. Once they’ve locked in enough transactions (many of which are people simply trying to make some money by buying in early), they ditch the project.

    Signs of crypto rug pulls to watch out for

    Now that we’ve defined what a rug pull is and the different ways it can be pulled off, let’s take a look at what signs you can watch out for to avoid falling into that trap.

    • No information about the development team

    Remember what we said about the anonymity of the token creators? Keep an eye out for signs of trouble when there is no information available at all. This is especially true if their accounts are all recently created as well.

    • They only provide vague or ambiguous whitepaper documentation

    Token developers will usually have a whitepaper to accompany their token to give their audience a deeper insight into how their token functions. With no clear methodology or goals, it might be time to look at other options. 

    • Yields or returns are too high

    It’s like what we’ve said before about things being too good to be true; if either projected or initial yield looks too good to be true, then it probably is.

    • There is a disproportionate focus on marketing aimed at drumming up hype

    Earlier this year, we published articles discussing how social media and crypto influencers can have a big impact on the hype surrounding a token or a cryptocurrency. Be wary of these trends as these could be part of a fraud strategy.

    • No locked liquidity pool from investors

    Token creators should have a stake and invest a certain amount of their own money in the token you’re considering. If this is not the case, it might be a rug pull.

    Real-world examples of crypto rug pulls

    We’ve talked about how these rug pulls are done, in theory. Now, let’s take a look at some real-world examples of successful rug pulls. 

    2021 saw Compounder Finance, a Decentralized Finance (DeFi) platform, pull off a theft of 10.8 million USD in customer funds. This rug pull was a result of the developer team substituting the secure and audited contracts with flawed alternatives, allowing them to dump the project with all their investors’ money. A big factor here may be the fact that they copied the name of a legitimate DeFi protocol, Compound Finance. 

    In this same year, Thodex saw its founder, Faruk Fatih Özer, flee to Albania with an estimated two billion USD in customer funds in April when the DEX was suspiciously closed. The reason they were able to get away with so much money is thanks to their user-base of 390,000 people. 

    Most recently, the Squid token garnered enough investors to bring the value of their token up from 628.33 to 2,856.65 USD within just 10 minutes. Not long after that though, prices dropped to just 0.0007 USD. Once all the confusion was done, people were left staring at an empty website with zero leads on the developers of the token. 

    Tips to avoid a crypto rug pull

    As a crypto trader, your job now is to figure out how to work around all these traps that people have set up. Don’t worry, for that we have a few tips handy:

    • Review any whitepaper, documentation, and code available

    Avoid rug pulls by learning as much as you can about the product being sold to you. Documentation is key here so don’t let all the reading discourage you. Take some time to understand how the project started, why the creators are doing things the way they are, and what the goals of the developers are.

    • Look up the creators on social media

    Find out what you can about their previous successful projects, if any. Performing this due diligence can be the key to figuring out who might be behind the token. Getting an idea of who the developers are should give you a better understanding of how they do things. 

    Keep in mind that legitimate tokens on the market are usually accompanied by millions in liquidity. That being said, this should be one of the metrics to keep in mind when you’re looking for tokens to buy, making sure that the liquidity of the token for consideration falls within the appropriate range.

    • Find data about coin holders

    Remember: the majority of coin holders should not just be the developers themselves. The reason for this is that the larger their share of the holdings, the more control they’ll have on the market. 

    If all the coin holders are just the developers themselves, that’s a sign that the value of that token is only given by the creators and not determined by the actual demand of traders like yourself.

    • Compare holders and listings data on DEXs

    Compare the numbers of declared coin holders and the listings before purchasing anything. The reason for this is that coins, again, should be held by more than just the developers themselves and should be sold proactively. That said, a coin that has only a few holders on file and is being sold quietly can be a sign of a rug pull waiting to happen.

    Remember that point we said about people altering the code to prevent you from “spending” your purchased tokens? The best way around that is to be able to understand the code of the token, just so you can safely say that the developers aren’t hiding anything.

    Alternatively, you can pass this task on to an independent auditor who will be the one in charge of flagging any dubious lines of code.

    It pays to do your own research.

    while the technology is useful for empowering people when it comes to financing, it can also empower the wrong kind of people. Use a little discernment before your next token purchase; again, if it’s too good to be true, it most probably is. 

    Play your cards right and stick to the safer option. Mediated trades might mean losing a little of your revenue but, at the end of the day, it also means securing your investments.

  • Top Blockchain Development Companies – PrimaFelicitas

    Top Blockchain Development Companies – PrimaFelicitas

    A technology, as revolutionary, as it could get, in its prime of youth. The massive eruption of cryptocurrencies and the trust of the technically elite in the same have sure caused blockchain to strengthen its foundation in the realm of digital transactions.

    Blockchain offers efficient ways of delivering cost savings while keeping enhanced security and transparency at the forefront of business transactions. Additionally, it ensures trust and thorough traceability of the data shared across the business network. It gets its strength from its transaction storage mechanism, which relies on a decentralized ledger system to encrypt each transaction and link it to the previously formed “chain” of blocks where a block consists of multiple digital transactions. The transactions are validated against a hashing-based method agreed upon by the parties transacting through the business network. Hence, the involved communicating peers need not depend on any third party to validate or authorize a transaction.

    This ease of validation without hampering security does make it the choice of technology for businesses involving any form of digital transactions. Blockchain technology is applicable for the sharing of patient data in a secure manner, CMS systems, NFT marketplaces, tracking royalties for musicians, Real-time IoT operating systems, cross–border payments, individual identity security, supply chain, anti-money laundry tracking system, and logistics monitoring, immutable voting mechanisms, advertising insights, proof of work for all kinds of content development, cryptocurrency exchanges, r platform for real estate transactions, and much more. Basically, every business today!

    Like every technology, this too does have a catch. It is of prime importance to understand which of the business processes can migrate to blockchain technology, and more than that, what will be the appropriate methodology to do so. Blockchain involves a very secure, though a little expensive data storage and a reliable encryption mechanism to store over a distributed network. As it relies on Proof of Work consensus, it is vital to ensure that appropriate business processes are being migrated to the best suitable technology to reap its benefits without unprecedented cost or speed overheads.

    Businesses at every stage of their growth need support from experienced industry experts to incorporate blockchain-based solutions into their technical environment to stay ahead in the market. Important factors to consider while choosing a technology partner include experience, expertise, and vision. Experience in growing with a fast-paced technology that has not yet fully matured. Expertise in what they do and how content their clients are with their quality of service. A vision to stay ahead of the market and keep your business development needs as their prime focus. From ideation to conceptualization, design to development, and post-deployment maintenance: everything you might need is being served. To aid your search for a perfect guide to your blockchain needs, here’s a list of the best blockchain companies you can rely on to solve all your blockchain-related concerns.

    Top Blockchain Development Companies to cater to all your blockchain needs:

    • Name: PrimaFelicitas
    • Founded: 2013
    • Head Quarters: San Francisco, US
    • Website: https://www.primafelicitas.com
    • Service: dApp, DeFi, NFT, Crypto Exchanges

    primaFelicitas-logo

    (Centralized/Decentralized), Crypto Wallets, Token Sales (ICO/STO) Platform, Smart Contract – Development & Audits, Blockchain Protocol Development, Blockchain Consulting, Comprehensive end-to-end Blockchain-based products (Web, Mobile apps) often at the intersection of AI and IoT, White Label Solutions.

    Offering a vast range of Blockchain and crypto-based services, lauded by close to 300 clients and tech critiques alike, Prima Felicitas owns its spot among the top blockchain development companies for a reason. They offer avant-garde solutions cutting across Blockchain Protocols. They are a hardcore Blockchain engineering team and their developments are Blockchain Protocol agnostic. Their work spans a range of Public, Hybrid, and Private Blockchain protocols some of which include Ethereum, Polygon, TRON, Solana, Polkadot, Cardano, Hyperledger, IoTeX, Credits, etc. Their portfolio boasts of a 95% client retention to whom they provide bespoke end-to-end solutions. The only thing that tops their diverse portfolio is their innovation-obsessed team that has successfully delivered all its projects with expertise across NFT, healthcare, supply chain, cross-border money transfer, media, insurance, and personal identity security domains.

    • Name: SoluLabs
    • Founded: 2014
    • Head Quarters: Las Angeles, CA
    • Website: https://www.solulab.com/
    • Service: Blockchain Development, ICO Cryptocurrency, Crypto Wallet, Cryptocurrency exchange, dApps, Enterprise Blockchain

    solulab-logo

    Started by two friends, this less than a decade old company offers a grand range of blockchain services. Beyond blockchain, they also have android and apple app development, bespoke software design and development, web and mobile apps, data analytics services, cloud, AI, and machine learning solutions. Solulabs has its presence across industries like Education, Healthcare, Oil and Gas, Cannabis suite, Wellness and Fitness, Logistics, and retail. The highly qualified team stands high in values, evident from the fact that the company holds giving back to society as its morale. It is for its well-equipped technical team that it has bagged clientele from the fortune 500.

    • Name: Applicature
    • Founded: 2010
    • Head Quarters: San Francisco, US
    • Website: https://applicature.com/
    • Service: Blockchain Consulting and Development, De-Fi Development, Smart Contracts, Smart Contracts Audit, DApps

    applicature-logo

    Being the first to write smart contracts on Ethereum networks, the CEO Ian Arden is an eminent blockchain coach. From exchanging their first digital currency in 2010 to reaching Silicon Valley, Applicature has come a long way. In addition to blockchain consultation and development, the company offers marketing, blockchain development, business development, and investor relation-building for start-ups as well. The company has full-fledged and customizable in-house solutions to launch token offerings with a  scalable payment system, user-friendly interface, and verification system to validate KYC. The company holds a strong foothold in Banking, healthcare, real estate, legal, and media-based industries. The mission to drive humanity to benefit from distributed technologies in all areas of life is the heart of everything they do.

    • Name: LewayHertz
    • Founded: 2007
    • Head Quarters: San Francisco, USA
    • Website: https://www.leewayhertz.com/
    • Service: Blockchain Consulting, dApps, Smart Contract, NFT Marketplace, Metaverse, Supply Chain, Blockchain Wallet, Hedera, HashGraph, Tezos

    LeewayHertzLogo

    LeewayHertz provides well-rounded solutions for blockchain consulting to user interface and design and development, and complete blockchain project development, with support and maintenance. Their team has an in-depth understanding of blockchain technologies like Ethereum, Hyperledger Fabric and Sawtooth, EOS, Credits, Neo, and many more. Having deployed close to a hundred projects, including close to 100 smart contracts and 10 blockchain applications, the company has an interesting portfolio. The set of industries the company serves is unique as well, including consumer electronics, travel, ed-tech, fintech, and healthcare. In addition to custom solutions, they have ready-to-deploy solutions for the NFT marketplace, decentralized data storage, collectibles marketplace, and currency exchange.

    • Name: LimeChain
    • Founded: 2017
    • Head Quarters: Sofia, Bulgaria
    • Website: https://limechain.tech/
    • Service: Blockchain Consulting, MVP and PoC development, dApps, Crypto Wallets, Smart Contract, Dos and DAOs, De-Fi.

    logo-limechain

    Living and breathing blockchain and DLT, LimeChain attributes its success to developing decentralized real-world applications while staying up with the cutting edge of innovation. Having developed more than a hundred blockchain and DLT-based products and about an equal number in production, the company is a team of tech enthusiasts focused on making an impact. The company also has an online learning platform for young technology enthusiasts under the name of LimeAcademy. Their notable products include EOSLime, Subsembly, Etherlime, LimePay, and more. Having experience in industries like Healthcare, pharma, Banking, energy, and automotive the organization

    • Name: ExioTech
    • Founded: 2017
    • Head Quarters: Yerevan, Armenia
    • Website: https://exio.tech/
    • Service: Blockchain Consulting, Token Economy Design, Smart contract Design and Development, DApp Development, De-Fi, Blockchain Gambling, Decentralized Trading

    Exio.tech-gradien

    A Software development boutique, as they prefer to call themselves, ExioTech aims to grow by helping start-ups and SMBs elevate their value. A perfect example of we grow with you. Although, they remain open to ideas and provide their services to enterprises as well. The foundation of their growth is laid on agile and lean development processes in an ecosystem-driven approach. Their experienced team is entirely outcome-oriented. The company holds a fat profile in the realms of Blockchain gaming and decentralized Algo and Bot trading solutions.

    • Name: Minddeft
    • Founded: 2015
    • Head Quarters: Ahmedabad, India
    • Website: https://minddeft.com/
    • Service: Security Token, De-Fi app Development, Enterprise Blockchain Development, StableCoin, Custom BlockChain, IDO, NFTs

    minddeft-logo-black

    Focused on delivering the best to their clients, they follow a customer-centric approach and provide 24×7 support. A team with vast experience and multi-domain expertise makes it a choice of businesses looking for “fairly priced solutions” to their blockchain requirements. The founders believe in uninterrupted learning to make a difference by leveraging future technologies. The company has established a customer-centric process wherein they evaluate and get the customer aware of what blockchain offers and how it can benefit them and then provide the most suitable solutions ready to be integrated with the existing business model.

    • Name: Blockchain APP Factory
    • Founded: 2010
    • Head Quarters: Nihonbashi, Japan
    • Website: https://www.blockchainappfactory.com/
    • Service: NFT, ICO, BSC, Tokenization, Cryptocurrency, Cryptocurrency Exchange, IDO, IFO, ILO, STO

    logo-green

    Amongst the earliest to arrive and a strong player in the blockchain industry, Blockchain APP Factory has been spotlighted on multiple international platforms. Providing more than 100 services and product solutions across all possible applications of blockchain they have their teams at multiple locations across the Asia Pacific region. Blockchain App Factory does keep up to the expectations of its name. They produce high-quality applications and easy-to-use business solutions for small to enterprise-scale organizations. Their cutting-edge solutions ensure utmost security and success in the long run with the highest level of customer satisfaction. The company claims to keep its clients on top of the crypto/blockchain market with its expert panel and swift service responders.

    • Name: Lapits
    • Founded: 2018
    • Head Quarters: Noida, India
    • Website: https://lapits.com/
    • Service: Wallet development, Exchange Development, Smart Contracts, Coin Development, Crypto Payment Gateway, Tradebots, dApp, De-Fi

    lapits-logo

    Awarded as the most promising blockchain development company, Lapits was born as a result of the curiosity of the founder, who started learning blockchain as an experiment. With an array of products like Bitbatua, Blocksure, IDWallet, iAudit, and iTokenize, the company delivers on its principle of Listen-Analyze-Plan-Implement-Test and Submit. The company has displayed promising results in technologies like Hyperledger Fabric, Tron, Ethereum, Ripple, and Stellar development. Besides blockchain, the company is actively venturing into web and mobile development as well. The company runs on the joint passion of the founder and employees for blockchain technology and the goal to deliver high-quality work within the expected time at a fair price.

    • Name: Blockchangers
    • Founded: 2015
    • Head Quarters: Oslo, Norway
    • Website: https://www.blockchangers.com/
    • Projects: Platform for real Estate Trading, Setting up a crypto hedge fund for fundraising and platform development, solving the privacy issues for the movie industry.

    blockchangers-logo

    A company paving its way to becoming one of the top blockchain development companies by participating and winning competitions. The team of 6, is planning to scale up by rebranding themselves as Symfoni Solutions and has a goal to evaluate the. Use blockchain for the realization of the Norwegian government’s digitization strategy. They aim to enable the future of Web 3.0 where data flows freely and data silos are absent from the picture. The team that advocates open source programming is committed to releasing as much of their code as possible, of course, without affecting the security and privacy of the project. The company’s star project – Market Inclusion Registry Network, is a platform to foster innovation for small and medium-sized enterprises by offering transparent shareholding and empowering registries.

    Why choose Prima Felicitas?

    Prima Felicitas has carved a niche among the top blockchain development companies because of its dedicated team and reliable work culture and offers a wide array of services. Enterprises are offered a consultation for the appropriate blockchain technology to integrate with their existing environment along with development and post-deployment solutions.  Start-ups and Medium enterprises can get consultation, design, and development solutions to build the business around blockchain technology and develop a sturdy foundation for themselves. Prima Felicitas has a highly experienced team that provides high-quality feasibility analysis and a corresponding minimum viable solution within a few weeks to allow stakeholders to make an informed decision.  The organization’s blockchain experts have earned it multiple recognitions across the industry and hold the trust of their clients who depend on them.

    Looking for help here?

    Connect with Our Expert for
    a detailed discussion

    Post Views: 53

    Post navigation