They’re not entirely wrong.

It’s important, however, to take a good, long look at our existing “fiat” currencies before taking potshots at a technology that is fundamentally the same, but easily better in a myriad of ways.

Let’s begin by defining money, a fiction that enables us to transact across domains. It’s a fiction that’s sufficiently decoupled from reality that we can make fair transactions where that wouldn’t otherwise be possible: it’s not easy to determine the value of an item of clothing in coconuts, or units of electricity. Once upon a time the value of money was tied to scarce natural resources, but for decades it’s been completely artificial, controlled and manipulated by organizations and forces that generally do not have “the greater good” at heart.

Cryptocurrency, on the other hand, by design has no master. Anyone can mine, anyone can play. If I can earn it, I can spend it, and the requirements for setting up a wallet and transacting are so minimal that the most basic of smartphones can handle it with ease. It’s also much more complicated to steal from someone than cash, and nobody needs a bank to let them participate in the economy, or to rob them of huge portions of their paycheques when sending funds to their families back home.

Over the past ten years the idea of cryptocurrency has been creeping into the collective conscious, and the enthusiasts who “get it” have been working tirelessly to usher in an envisioned utopia in which we all transact in a wide variety of crypto tokens, where nobody is “unbanked”, a world in which our governments and credit card companies no longer enjoy the leverage they currently have and we can live our lives in a virtual-cash-based economy where privacy reigns and nobody can freeze our bank accounts or make up silly fees and charges for using them.

A world where nobody can “cook the books” because everything is written into an open ledger. A world where reliable, secure, anonymous voting mechanisms are built in to the very fabric of the networks we use.

These dreams are all very well, but they clearly have not materialized… yet. For more than a decade Bitcoin has been considered the literal and figurative “gold standard” of crypto, and where its popularity meets with somehow unanticipated greed we see the energy invested to mine Bitcoin exceeding that of small countries. Ethereum arrived later on the scene with its promise of smart-contracts, an incredible innovation that opens up fin-tech and safe remittance, micropayments and the ad-free production and consumption of content… but transaction volumes are severely limited, encoded in its ridiculously high “gas fees” that make it impractical to make transfers of anything less than small fortunes.

This is not a time to use crypto. This has been a great time to speculate about crypto, as evidenced in the crazy bubbles of the past couple of years, but this is not a time to use crypto.

At present, there simply isn’t inherent value in crypto. Money isn’t worth anything if you can’t buy things with it. Most of the engineers who work with crypto are biding their time building wallets and exchanges because that’s what the market will pay them for, but that’s not what makes them excited about crypto. In fact, hoarding and HODLing are holding crypto back from its true purpose — seamless traceless borderless digital payments for everyone — which means that the behaviour of investors is actually preventing crypto from developing the inherent value that speculators have been banking on!

For those of you who aren’t familiar: the underlying reason why blockchain mining is so power-hungry, why transaction volumes are so limited and fees so high, is because the mechanism that protects the blockchain is what’s known as “Proof of Work”. To make it nigh-impossible to cheat the system and manipulate the blockchain, miners are required to perform computationally expensive calculations that are simple to validate, and whoever succeeds first achieves the right to write [sorry] the transaction block.

Proof of Work is an extremely clever concept that made perfect sense ten years ago but, sadly, its creator(s) never foresaw just how poorly it would scale.

The New Thing in blockchain tech is Proof of Stake, and by “new” I mean almost as old as blockchain technology itself but not implemented where it matters most. Unlike Proof of Work, Proof of Stake requires “staking” your crypto to buy the right to validate the transactions — in Ethereum’s case, stake 32 ETH and you get to play miner, only you get paid for doing your part without having to set the Earth on fire. Or your brain.

For a (in technological terms) long time Ethereum has been promising to evolve to Ethereum 2.0, but the first real measures were only put in place towards the end of 2020 and according to today’s news things are finally speeding ahead towards this Brand New Day.

After all this preamble, what’s the real takeaway?

It doesn’t matter whether Bitcoin’s value hits $100,000, $1,000,000, or crashes and burns and hits $1, nor does it matter what a single Ether is valued at. It doesn’t matter if you bought in early and made your fortune, or if you missed the boat completely and even now believe it’s too late for your first foray into crypto (it’s not).

What does matter is that crypto has a function, and that function is desperately needed these days, especially for the billions of people who aren’t being served by the existing financial institutions. Personally, I cannot wait for a time when I can be paid and pay safely and instantly, whether for groceries, rent or coffee, and the idea of being able to transact outside of my government’s reach is hugely empowering. I‘m excited that we’re so close to money markets that are fair and inherently non-discriminatory. I’m excited to start diving in to new tech that solves the currently-inconceivable problems of living in societies that don’t run on borders and taxes.

Things may get weird (like the current NFT craze) while we learn how to use crypto, but with a brief look back over our shoulders it becomes apparent that no technology ever got introduced without us experiencing some kind of adjustment phase.

At least, I hope people’s obsessions with selfies is just a phase.

Blockchain, despite being one of the major disruptors in modern technology, is comparatively new. As such, creating an efficient team to develop a secure native crypto exchange platform is not easy. The exchanges must be able to fend off frequent attacks from cybercriminals attempting to steal crypto assets. Additional challenges may include legibility, functionality, user experience, token liquidity. Even neglecting trial and error, the entire process is highly resource-intensive and raises operational costs manifold. The logical solution is employing the services of a white label crypto exchange software provider.

There are less than 500 legitimate crypto exchanges at present. The moment is opportune for setting up a crypto exchange. Market research is essential before taking off, and there are a few things that require consideration.

As mentioned above, it is crucial to ensure multiple aspects for guiding a crypto exchange towards success. The prominent ones include:

There are several additional topics too. Thus, the better option is acquiring white label architecture from blockchain development companies with demonstrated proficiency in building cryptocurrency exchanges.

White-label product developers assist organizations in fast-tracking the crypto exchange infrastructure with tried and tested products. Some of the top names in white label cryptocurrency exchanges include:

Based out of Palo Alto, California, HashCash has a global presence specializing in crypto exchange development, banking, and fintech products. The blockchain development company offers products across multiple domains, but its white label crypto exchange software is widely seen as an industry standard.

Features

HashCash’s white label product for crypto exchanges has unparalleled customer sales and support, along with features such as:

HashCash has grown to be the largest global provider of white-label crypto exchange services while maintaining an unmatched service experience. The US-based company has been awarded top honors among blockchain development companies by a global research firm. HashCash also upgraded the security features in the trading platform and welcomes financial institutions for a trial exercise before finalization.

Over the years, HashCash’s products have been used across 5 continents, in regions including Dubai, Singapore, Australia, the USA, Europe, and more. The team consists of experts in the fields of banking, finance, and technology, and is consistent in its approach to excellence. Interested businesses can also experience the exchange’s features beforehand for a trial experience.

PayBito is an international US-based cryptocurrency exchange. The organization firmly believes that collaboration instead of competition is key to global crypto progress, and provides a white-label variant of its native crypto-exchange architecture to business organizations looking to venture into crypto-trading. PayBito is a pioneer in the integrated crypto-forex architecture, allowing clients and end-users the opportunity to leverage the best deals out of cryptocurrencies and forex enhancing order flows through efficient scalable solutions.

Features

The white-label crypto exchange software from PayBito offers the best of both crypto and forex, incorporating features such as:

PayBito’s crypto solutions are used by multiple organizations across different corners of the world, including Canada, the Philippines, Singapore, the US, and the Middle East. The crypto exchange offers its clients a trial run of the solution before purchasing.

PayBito recently added 23 new crypto tokens in its latest exchange listing. 3 new DeFi products will debut during an IEO launch scheduled to be held within Q1, 2022. PayBito also features options for crypto collateralized lending, payment processing, exchange architecture for gaming, real and real estate.

Already one of the biggest global names in stock trading, Nasdaq Inc expanded its business ventures into cryptocurrencies. Financial organizations can integrate crypto trading into their existing list of services with Nasdaq’s state-of-the-art white-label solution for crypto exchanges which offers a plethora of features and facilities. In addition, clients can also avail the integrity aspects of the Nasdaq Market Surveillance toolkit boosting investor confidence and safeguarding business reputations.

Features

The Nasdaq white label-crypto exchange solution consists of multiple features that help institutions jump right into the world of crypto trading, including:

Nasdaq’s trading solutions have been used across 70 global locations through 6 continents. Businesses implementing Nasdaq’s crypto exchange architecture can utilize multi-asset options in addition to functional coverage, high-performance matching engines, and more.

The global adoption of blockchain will rise multiple-fold within the upcoming years. The consequent result will be an increased relevance of cryptocurrencies. Upcoming features such as the metaverse, DeFi, Web 3.0, and many more will make cryptocurrencies commonplace. In addition, the fluctuation of fiat valuations will soon shift the focus towards cryptocurrencies as a legitimate tool for trading. White label crypto exchange software can help businesses looking to leverage the best ROI on the rapidly increasing crypto trading market.

Join Coinmonks Telegram Channel and Youtube Channel learn about crypto trading and investing

Download on Github : miner for mac M1, select : xmrig-6.12.1-macos-arm64.tar.gz

Place the folder in Application.

Go to Unmineable.com and select Doge :

Now, select RandomX mining algorithm :

Don’t close the window for the next step.

Go to your miner folder and open config.json.

Scroll to Pool section and replace code by this :

“algo” : “rx/0”

“url”: you can find your GlobalServer in unMineable

In “user” section :

First copy your wallet address in Coinomi you have installed:

In Coinomi, go to Wallet, click on Receive and you wallet address is bleu.

“user” : “yourWalletAddress.yourWorkerName”

yourWorkerName : for exemple MacM1:

“user” : “yourWalletAddress.MacM1”

Next, you can use my referral code to lower your mining fee to 0.75% :

Add a # after yourWorkerName and paste my referral : w5sk-uijr.

Final “user” line :

“user” : “yourWalletAddress.MacM1#w5sk-uijr”,

Open Xmrig :

If doesn’t work, go to : system preference → Security and confidentiality, and allow.

(I don’t have the massage but for the first run of wmrig the message is here)

And now you know how to mine Dogecoin on a mac M1 !

If you want to see your statistic go to unMineable and paste your waller Address (in Coinomi):

The minimum payment is 30 Doge.

Because of this, an open-source project was created. It enables interoperability between blockchain networks. Even though it was only launched in May of last year, Polkadot has already made a name for itself in the blockchain world dominated by Bitcoin and Ethereum.

Scalability and interoperability were major obstacles to Bitcoin’s ability to facilitate value transfer without the need for a central authority. A more flexible network like Ethereum was born as a result of this.

Additionally, Ethereum created an ecosystem where value could be transferred more quickly via smart contracts, allowing for a greater range of applications to be built and run without intermediaries. However, the Ethereum network’s congestion and high gas fees are squeezing out a growing number of projects. That’s where Polkadot….has entered the game.

With more than 4,000 cryptocurrencies in existence, Polkadot’s rise to prominence has been meteoric. In just a few months, Polkadot’s native token, DOT, became a top 10 cryptocurrency. The final phase of Polkadot’s rollout has begun with Gavin Wood announcing the launch of parachains in a recent blog post.

In 2016, Woods published a white paper titled Polkadot. During his time at the Ethereum Foundation, Woods, a former CTO of Ethereum, is said to have written the Solidity programming language.

It has been reported that Woods, who worked closely with Ethereum’s co-founder Vitalik Buterin in 2015, was disappointed when the proposed start of Ethereum 2.0 development had to be delayed.

Sharding is a new way of running Ethereum, which Woods left in 2016. After that, he founded the Web3 Foundation, a non-profit dedicated to the study and advancement of decentralized technologies like Polkadot.

DOT

At the time of this video Polkadot’s DOT token is the 10th largest cryptocurrency in terms of market capitalization. In the network, the utility token serves as governance, bonding, and staking mechanism.

Holders of DOTs can exert authority over the Polkadot network through the governance function. Owners of the network have complete control over the operating fees, auction dynamics, and schedule for adding new parachains. Upgrades and platform fixes can also be scheduled by these individuals.

For more security, the Department of Transportation (DOT) is actively involved. DOT holders are tasked with validating transactions across parachains as part of a proof-of-stake protocol. To participate, DOT token holders must put their tokens up for stake.

As a third function, “bonding” allows DOT to be used to add new parachains to the network. Once the bonding period is over and the para chain is removed, DOT tokens will be available for use again.

Polkadot’s future is interesting to watch because of the overall benefits for entrepreneurs, developers, users, and investors.

In order to encourage participation, DOT serves as the protocol’s governance token and is used for staking to secure the network or to bond new chains. With an annual yield of 10% on average, staking DOTs has become one of the most valuable incentives in the crypto space.

Platform stability and reliability, as well as the platform’s commitment to its roadmap, contribute to a promising future for the project. Polkadot is one of the most innovative blockchain projects, both in terms of technology and economic value, and the coming months will be critical in determining the network’s true capabilities.

So starting prices

In the summer of 2020, Polkadot as we know it was valued at approximately $2.75.

For example, on August 20 of that year, it opened at $2.79 before falling to $2.69, which is the cryptocurrency’s all-time low.

FUTURE PRICE FOR POLKADOT?

Polkadot has the potential to become the most valuable currency in the next five to ten years. Perpetual contracts between exchanges have the potential to boost the value of the currency and push it to new highs. Collaborations between LINK and other prominent blockchain networks may be extended. The trading price could hit as high as $200 somewhere between 2023 and 2024 if there are only a few buyers and sellers. Again though this isn’t financial advice just an opinion, please remember to do your own research before investing.

PolyMoon the first real SafeMoon fork on the Polygon network. The team has refined it for fairer tokenomics and investor security in mind.

In this article, we take a look at current movements in the DeFi landscape, showing prospective employers, as well as interested investors, new approaches to long-term retirement planning.

Following smaller pension funds in adding crypto to their investment mix (e.g. ForUsAll), the Houston Firefighters’ Relief and Retirement Fund (HFRRF) made headlines when announcing (Oct ’21) investments of $25 million in Bitcoin and Ether. To this point, it’s been considered the first big traditional U.S. pension fund to add digital assets directly to its balance sheet.

“It has a positive expected return, and it manages my risk. It has a low correlation to every other asset class. ” — Ajit Singh (CIO HFRRF) via Coindesk

So far, risk aversion has been primarily rooted in the volatility associated with this asset class. 73% of institutional investors listed this as the biggest barrier (IIDA study Sep ‘21). Though, as more pension funds invest in cryptocurrencies, the general restraints are beginning to fade. One key driver can be assumed to be simply the familiarity with this maturing market. Zooming out, volatility is put into greater perspective.

“We have experienced enough market cycles (…) the kind of pullback we’ve seen in the past few months usually precedes a big upward trend” — Elena Sinelnikova (CEO Metis) via Cointelegraph

In addition, crypto talent is now wider available and can help traditional funds to explore these new territories. However, the real innovation and thus the enabler for crypto retirement plans are certainly the rapidly evolving DeFi building blocks such as Stablecoins, Yield Farming, DeFi insurance and Risk Tranches.

Stablecoins, with each coin being pegged to a presumingly stable value (e.g. $1) are gaining steam as a viable option to invest in crypto without being exposed to the risks associated with volatility. USDC, USDT, and DAI are considered amongst the safest choices as they continuously improve the protection mechanism of the coin value by boosting their collateralization with fiat currencies and other real-world assets.

These digital assets are generating attractive returns by lending them to third parties or for example by providing them as collateral for insurance policies. With more than 2 years on the market, Idle Finance is an experienced player in the field of low-risk yield generation. Idle automatically allocates all deposited funds across different battle-tested (yield generating) DeFi protocols. This leads to substantial risk mitigation, e.g. by moving them to a safe place in case of a hack. At the same time, the fund allocation towards the most profitable lending sources enables attractive returns above those of isolated yield sources (9% for USDC in Q4 2021).

A new group of DeFi insurance companies such as InsureDAO, InsureAce and Nexus Mutual are entering the market to protect crypto investors from potential risks, such as smart contract failures or hacks, as well as the de-pegging of stable coins from their attributed value. For example, if a stablecoin drops beneath its attributed for a set period of time (e.g. 80 cent value for a $1 worth token), the policyholder can make a claim. The same counts for losses if the Smart contract of a DeFi protocol has been compromised. It can be expected that more new players, as well as traditional insurance providers, will join the DeFi insurance arena, expanding both the use of cryptocurrencies as collateral for insurance claims and the protection of digital assets themselves.

Last but not least, in connection with protected savings options, risk tranching has to be mentioned. Here, the returns of each digital asset are divided into 2 risk-adjusted groups — the Senior and the Junior tranche. Those who pay into the Junior tranche receive a higher share of the returns (80%), but also take on additional smart contracts and financial risks. Vice versa, Senior tranches receive a smaller share of the returns (20%), but they are also repaid first in the event of a default. Thus, applying the Senior tranche, yield generation of a wide range of assets can be moved from a medium-risk to a lower-risk category. Along with a growing portfolio of tranched assets, Idle.finance launched Perpetual Yield Tranches for ETH Staking in partnership with DeFi Protocol Lido. Within the first 4 weeks, users deposited 3,900 ETH via this novel DeFi solution.

As decentralized organizations (DAOs) become more prevalent, so do their contributors and employees, of whom most are paid 100% in crypto. In addition, an increasing number of the growing gig worker community is choosing to receive their compensation in the form of digital assets. Global hiring firm Deel has reported a 10% month-over-month increase in talents seeking crypto pay since November 2020. This is one of the reasons why Opolis Employer Cooperative offers solopreneurs various service packages around an integrated payroll, including paychecks in fiat and crypto.

With the rise of this on-chain workforce and thus the immediate proximity to the DeFi landscape, payroll will eventually serve to be much more than simple salaries executed on a monthly basis. Rather, as this area evolves, key retention features such as yield-backed payroll, vesting of native tokens, and many more contributor-facing financial products are being developed.

Players such as Utopia Labs have already launched dedicated tools to help manage the payroll of a crypto-native workforce. Utopia connects directly to the central crypto wallet of a decentralized organization (usually in the form of a Gnosis SAFE). And right there, within the organization’s treasury and its payment workflows (e.g. payroll, expenses, invoicing), savings and pension opportunities are a no-brainer. Thus, Idle Finance and Utopia have started to map out opportunities to divert part of the monthly payments and overall treasury vaults into a crypto-native pension plan. Not least, to give decentralised organisations a powerful competitive advantage in addressing top Web3 talents.

DeFi is still developing at such a rapid pace that even crypto-natives having a hard time keeping up. Many new high-risk strategies with promises of high returns enter the market on a daily basis. At the same time, all these earlier experiments of the “DeFi Wild West” have resulted in battle-tested, more moderate and safer DeFi primitives. So now that a new generation of workers is entering Web3, there are some valid options for long-term saving. Especially as fiat currency inflation progresses and confidence in banks continues to wane, we will see a further move towards crypto-favored retirement plannings.

COVDR PINKSALE LINK