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BCN Price   

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BCN

Bytecoin  

#BCN

BCN Price:
$0.0000342
Volume:
$27
All Time High:
$0.019
Market Cap:
$6.3 M


Circulating Supply:
184,066,827,286
Exchanges:
2+
Total Supply:
184,066,827,286
Markets:
4+
Max Supply:
184,470,000,000
Pairs:
10



  BCN PRICE


The price of #BCN today is $0.0000342 USD.

The lowest BCN price for this period was $0, the highest was $0.0000342, and the exact current price of one BCN crypto coin is $0.00003420.

The all-time high BCN coin price was $0.019.

Use our custom price calculator to see the hypothetical price of BCN with market cap of BTC and how the supply of BCN affects the price at different market capitalizations.


  BCN OVERVIEW


The code for Bytecoin crypto currency is #BCN.

Bytecoin is 9.9 years old.


  BCN MARKET CAP


The current market capitalization for Bytecoin is $6,294,782.

Bytecoin is ranked #747 out of all coins, by market cap (and other factors).


  BCN VOLUME


There is a very weak volume of trading today on #BCN.

Today's 24-hour trading volume across all exchanges for Bytecoin is $27.00.


  BCN SUPPLY


The circulating supply of BCN is 184,066,827,286 coins, which is 100% of the maximum coin supply.

Relatively, Bytecoin has a large supply of coins, 8,367 times larger than Bitcoin's supply, for example.


  BCN EXCHANGES


BCN is available on several crypto currency exchanges.

View #BCN trading pairs and crypto exchanges that currently support #BCN purchase.


  BCN RESOURCES


Websitebytecoin.org
TwitterBytecoin_BCN
Redditr/BytecoinBCN
Telegrambytecoin_chat


  BCN NEWS


Distributed Validator Technology More Primed to Overcome the Ethereum Va...

    While the Ethereum network's migration to a proof of stake (PoS) consensus mechanism has seen the protocol become less energy-intensive, Alon Muroch, the founder of the SSV Network core team, said if the number of validators is not contained this can lead to a network overload.The Promise Offered by Distributed Validator Technology Muroch said many stakeholders including Ethereum co-founder Vitalik Buterin are already working on potential solutions which can stop the network from becoming overloaded. As the data from Staking Rewards has shown, the Ethereum network is on course to see a 100% staking of ether by December 2024. If this happens, the network runs the risk of not having any ETH left for transaction purposes, the founder of the SSV Network core team argued. While the idea of capping the number of validators is seen as a more practical solution, Muroch said he believes Distributed Validator Technology (DVT) to be the ideal solution to the problem. He argued that besides helping to remove single points of failure, DVT increases client diversity and overall reduces systemic risk. In his written answers sent to Bitcoin.com News, Muroch urged the staking community to make DVT the 'gold standard' for staking infrastructure.' When this is widely adopted, DVT not only helps to reduce the systemic risk on Ethereum but also enables more robust staking services. Below are Muroch's answers to all the questions sent. Bitcoin.com News (BCN): According to Staking Rewards, there ar... read More



Web3 Artists Offer Something Web2 Can't – True Ownership — P...

    According to Andrea Lerdo, a director at the art-supporting organization, Palm Foundation, Web3 enables creators and artists to not only exercise control over their content but to connect with their respective audiences in a way not possible on traditional platforms. For artists who have already carved out a niche in the Web2 space, 'Web3 offers something Web2 can't – true ownership.'Barriers Blocking Creators From Entering Web3 Lerdo, however, acknowledged that many small creators seeking to unshackle themselves from the 'constraints of algorithms and opaque platform policies' by venturing into Web3 might encounter significant challenges. For instance, artists attempting to dabble with non-fungible tokens (NFTs) may be overwhelmed by the tech's complexity or the initial costs. To help make artists' transition to Web3 less daunting, the Palm Foundation director urged players in this space to 'provide accessible platforms, lower entry costs, and a supportive network.' She said doing this not only ensures artists' success but also levels the playing field. In her written answers sent to Bitcoin.com News via Telegram, Andrea Lerdo touted decentralized autonomous organizations (DAO) as one way artists can 'incredibly' empower their respective communities. She argued that when these are properly set up, DAOs can help nurture 'a community where everyone feels valued and heard.' Below are the Palm Foundation director's answers to the questions sent. Bitcoin.com News (BCN): Wha... read More



Bitcoin Is an 'Intriguing Option for National and Corporate Financial Po...

    Stelian Balta, the billionaire and co-founder of the digital asset management firm Hyperchain Capital, has said that while bitcoin is indeed a volatile asset it nonetheless helps to diversify and align an investment portfolio with digital trends. The top crypto asset's high-return possibilities also 'makes it an intriguing option for national and corporate financial portfolios,' Balta asserted.Embracing BTC Enhances a Corporation's Image In his written answers sent to Bitcoin.com News, the billionaire also argued that as regulations around crypto assets become clearer, the top crypto asset's perceived risks will slowly dissipate thus 'making it a more viable option.' Furthermore, when corporations embrace BTC, this enhances their respective images as 'modern and innovative' organizations. Balta suggested that this alone may be enough to attract new customers or 'investors interested in advanced technologies.' Meanwhile, the Hyperchain Capital founder has characterized some institutional investors' bet on digital assets as a mutually beneficial move. For institutional investors, digital assets create growth opportunities while the Web3 industry benefits by way of more credibility and legitimacy. Overall, institutional investors' dabbling with digital assets potentially helps hasten the development of new technologies and Web3 apps. This, in turn, could also result in more people and businesses embracing Web3 technologies, Balta added. In his answers sent to Bitcoin.com News vi... read More



The SEC Is 'out of Their Mind and a Change of Regime Is Required'—...

    Trevor Traina, the founder and CEO of Kresus, has said he foresees non-custodial mobile wallets 'transforming into something more comprehensive than just tools for storing digital assets.' According to Traina, such a transformation is needed if non-custodial wallets are to become apps with 'functionalities to cater to the diverse needs of the Web3 community.'Non-Custodial Mobile Wallets vs Hardware Wallets Traina, a serial entrepreneur and former U.S. Ambassador to Austria, said the transformation, which he sees as being inevitable, is 'definitely going to lower the entry barriers to Web3 and make it more user-friendly for everyone.' According to Traina, it was this vision for an all-encompassing Web3 wallet which motivated him to venture into the blockchain and crypto world. Meanwhile, in his written answers sent to Bitcoin.com News, Traina insisted that non-custodial wallets will soon match or even surpass hardware wallets “in terms of security and user trust.” The constant need to update or improve the security features of non-custodial wallets is one reason why they are set to become more secure than hardware wallets, Traina argued. Commenting on the U.S. Securities and Exchange Commission (SEC)'s stance on cryptocurrencies, the diplomat said that the Gary Gensler-led regulator is out of its mind and needs new leadership. In his answers sent to Bitcoin.com News via Telegram, Traina lamented how the SEC’s approach has resulted in only two of the 20 larges... read More



'Bitcoin in the West Has Sold out, and Now Only the Global South Can Sav...

    According to Ray Youssef, the CEO of Noones, peer-to-peer (P2P) bitcoin trading is the United States' public enemy number one because its potential widespread adoption by people from the Global South represents the 'world's first real threat to the U.S. Treasury system.' Youssef added that the United States' disdain of P2P marketplaces is also due to its awareness that peer-to-peer commerce is 'the best path to enable truly free commerce in the Global South.''Turning Bitcoin Into a Medium of Exchange' However, Youssef, who was recently appointed CEO of the new peer-to-peer Bitcoin marketplace, told Bitcoin.com News that he is willing to accept the risks and challenges that come with leading a P2P platform because 'the payoff is worth any risk.' The Noones CEO nonetheless said he disagreed with the notion that spot bitcoin exchange-traded funds (ETFs) approvals by the U.S. Securities and Exchange Commission (SEC) will be key in driving bitcoin adoption in Africa in the coming years. He insisted that many people on the continent 'are [already] turning Bitcoin into a medium of exchange as its primary use case.' Meanwhile, in his written answers sent to Bitcoin.com News via email, Youssef emphasized the importance of listening to and addressing user complaints because doing so ultimately helps companies to 'radically improve' their product or service. Youssef also shared a few details about his departure from Paxful and how his subsequent efforts to assist users helped him mainta... read More



Crypto Firms' Compliance With Regulation Should Not Be at the Expense of...

    Zak Taher, the CEO of Multibank.io, said he believes the United Arab Emirates (UAE) is the most attractive investment destination for overseas digital asset companies due to its effective governance and the leadership of its individuals. The UAE’s status within the global financial landscape, combined with its geographical advantages and favorable time zone, further enhances its appeal as an investment destination, according to Taher.Taher on UAE, Digital Asset Innovation, and Regulation According to Taher, the proof that the UAE possesses such important attributes is seen in the country's world-leading crypto regulatory frameworks. To the United States, which has adopted an aggressive approach, Taher said the country's desire to see crypto firms complying with regulation should not be at the expense of innovation. The Multibank CEO argued that ensuring a 'robust balance' between consumer protection and innovation is key to safeguarding consumers without stifling innovation. Taher meanwhile attributed the reluctance of some prospective crypto users to trade to their lack of confidence in the trading platforms. To instill confidence in these platforms, Taher urged crypto exchange owners to consider embracing regulation. He also suggested that crypto exchanges should prioritize human interaction, customer success, and communication to become more user-friendly. In his written answers sent to Bitcoin.com News via Telegram, Taher also offered his thoughts on crypto derivati... read More



Mismatch Between the Demand and Supply of GPUs Stifling AI Innovation &m...

    The mismatch between the demand and supply of graphics processing units (GPUs) is potentially stifling artificial intelligence (AI) innovation, Tory Green, the COO of the decentralized GPU cloud service provider io.net, has said. According to the COO, this mismatch stems from the fact manufacturers cannot build new supplies quickly enough to match the growth in demand.Mismatch Between Demand for GPUs and Their Supply To highlight the extent of the problem, Green points to compute requirements for machine learning (ML) training which have grown 10x every 18 months since 2010. In contrast, computing power is believed to have grown 2x during the period and the primary reason for this is the 'long lead time to build new supply.' To limit the impact of GPU shortages on AI growth and innovation, Green, an investor and entrepreneur, proposes using a decentralized physical infrastructure network (DePIN). According to Green, under this kind of network, 'the physical computing resources are spread across multiple locations and owned by various entities.' Unlike traditional cloud providers who are hampered by 'limited by geography and physical capacity,' a decentralized network, according to the io.net COO, 'can scale almost infinitely' by tapping into the collective power of a global network of nodes. Meanwhile, when asked about the possibility of DePINs also experiencing scarcity issues, Green, in his written answers sent to Bitcoin.com News via Telegram, pointed to how things like ge... read More



State Channels 'Significantly Reduce Congestion and Transaction Fees,' I...

    According to Louis Bellet, the founder of the Layer-3 peer-to-peer protocol Yellow Network, crypto trading has not scaled largely because it remains unregulated in many places which in turn 'greatly slows down its growth and produces tons of scams.' In contrast, traditional finance (tradfi) is widely seen as 'a well-oiled machine' and this according to Bellet may be down to the sector's 'well-established regulatory frameworks and policies in place.'State Channels Ideal for Apps Which 'Require Rapid Transactions' Still, in his answers sent to Bitcoin.com News, Bellet sought to link traditional finance's scalability to the 'usage of clearing systems.' He argued that such clearing systems help to 'mitigate counterparty risks and obviate the need for speedy settlements.' According to Bellet, until and unless this vector is 'fully explored and optimized' in the crypto space, trading will not scale as some are hoping. Meanwhile, when asked about his views on so-called state channels, the Yellow Network founder said these help to 'significantly reduce congestion and transaction fees.' Lower fees and a network with less congestion make state channels an ideal option for apps which require rapid transactions, the founder insisted. State channels, which are described as a blockchain second-layer solution, make it possible for a group of participants to perform an infinite number of transactions off-chain. They can also ensure there is strict privacy on the trade channel, according to B... read More



Zero-Knowledge WaaS a Prospective Standard Configuration for Web3 Applic...

    According to Pengyu Wang, the founder of Particle Network, developer solutions known as zero-knowledge wallet-as-a-service (ZK-WaaS) embody Web3 principles and 'are highly performant' which in turn makes them 'an evergreen solution that will become the industry standard.' Wang also points to how zero-knowledge technology helps ensure a core principle of Web3, asset sovereignty for end users, is upheld.'Complexities Associated With Traditional Web3 Wallets' In written answers sent to Bitcoin.com News, Wang also pointed to how WaaS can turn out to be a developer solution that ultimately brings the masses to Web3. According to the Particle Network founder, this is due to the fact that WaaS wallets are not burdened with the 'complexities [often] associated with traditional Web3 wallets.' When asked about some of the complexities stopping prospective users from seeking to utilize Web3 wallets, Wang identified three main contributing factors. One of these factors relates to the perceived complexity of managing and safeguarding private keys and seed phrases. Poor user experience as well as the multiple signature requirement for on-chain transactions are the other two contributing factors. Meanwhile, in the rest of his written answers sent to Bitcoin.com News via Linkedin, Wang also shared his views on intent-centric design in Web3 wallets and why this should concern both users and developers of decentralized applications. He also touched on how Web2 companies can better prepare for ... read More



Centralized Mining Pools 'Antithetical to the Ideals That Gave Rise to B...

    The apparent centralization in both proof-of-work and proof-of-stake protocols is 'tragic because it’s antithetical to the cypherpunk ideals' that birthed the the bitcoin and blockchain movement, Tomer Afek, the CEO at the crypto platform Spacemesh, has argued. To back this assertion, Afek told Bitcoin.com News that only two Bitcoin mining pools control more than 50% of the network's hashrate while the top five pools control more than 75%.'Centralization and Consolidation of Mining Resources' For Afek, the concentration of the Bitcoin network's mining power among a few players should worry decentralization proponents because it means such 'centralized actors' are accountable to no one. According to the Spacemesh CEO, the situation is even worse with protocols that use the proof-of-stake consensus mechanism. To Illustrate, Afek claims that in the vast majority of chains using this mechanism, it is 'a tiny coterie of inside investors and early team members [who] control the lion’s share of coins.' This inevitably enables such individuals to exert undue influence over the network. Turning to the often less talked about competitive nature of the race to mine the next block, Afek, former investor at venture capital firm Evergreen VC, lamented how this is potentially contributing to the 'centralization and consolidation of mining resources.' When this is combined with the 'single winner' for every block interval requirement, this can only result 'in congested block spac... read More



Redefining Crypto Standards with Bitcoin Spark, Avalanche, Stellar, and ...

    The crypto landscape has evolved significantly since the inception of Bitcoin (BTC). And market observers suggest Bitcoin Spark (BTCS), Avalanche (AVAX), Stellar (XLM), and Monero (XMR) are redefining crypto standards. Avalanche Avalanche is a blockchain platform that seeks to tackle the blockchain trilemma of scalability, security, and decentralization with its unique Proof of Stake (PoS) consensus mechanism. Avalanche supports smart contracts and decentralized applications (dApps), utilizing the Solidity language used by Ethereum. This creates greater blockchain interoperability by integrating a number of decentralized finance (DeFi) ecosystems. AVAX is the native token of the Avalanche network, and it powers transactions within the platform, serves as a medium for distributing system rewards, facilitates governance participation, and covers transaction fees. Stellar Stellar is a blockchain that was created to facilitate fast and cost-effective cross-border payments and issuance of digital assets. It operates on a consensus algorithm known as the Stellar Consensus Protocol (SCP), which enables quick and secure transaction processing by a network of distributed nodes. Stellar's native cryptocurrency, Lumens (XLM), plays a pivotal role in the platform's ecosystem, serving as a bridge currency for facilitating transactions, preventing spam on the network, and supporting the creation of assets on the platform. Monero Monero is a fork of the Bytecoin blockchain that was launched... read More



Smart Contract Automation Helps Dapps Maintain Data Integrity Without Re...

    According to Pavel Salas, the chief growth officer at Gear Foundation, on-chain smart contract automation makes applications 'truly decentralized' because it 'removes dependencies on centralized servers or external entities.' Salas also claimed that on-chain smart contract automation means participants can 'engage in transactions or exchanges without relying on a central authority.'Webassembly Not a 'Direct Replacement for EVM' In his written answers sent to Bitcoin.com News, Salas argued that on-chain smart contract automation also helps decentralized applications (dapps) maintain data integrity without having to rely on external databases. He said since the code of smart contracts deployed on the blockchain is immutable this means it cannot be altered once deployed. Meanwhile, when asked to offer his thoughts on Webassembly (WASM) and the possibility it will overtake the Ethereum Virtual Machine (EVM) at some point, Salas, said he does not see WASM as a direct replacement for EVM. Instead, he views ongoing efforts to integrate WASM with EVM-based ecosystems as something that 'highlights its potential to expand the capabilities of smart contract development in the broader Web3 landscape.' Also, in his written answers sent to Bitcoin.com News via Telegram, the Gear Foundation chief growth officer discussed factors that inhibit developers as well as the lessons that can be drawn from the experiences of Web2 platforms which excel at providing 'intuitive and user-friendly experi... read More



'Stringent AML and KYC Processes' Can Help Build Consumer Confidence in ...

    Integrating crypto into the global financial system has so far proved to be problematic to due what Przemek Kowalczyk, the chief product officer (CPO) of the fintech startup Ramp, described as 'digital incompatibility.' Kowalczyk, a data scientist, told Bitcoin.com News that the 'two paradigms' use distinct frameworks which in turn makes it difficult for the two to be combined.Prioritizing User Experience In written answers sent to Bitcoin.com News, Kowalczyk said this is because crypto is 'decentralized and open source-based.' In contrast, the banking sector is more attuned to a 'top-down' approach. Meanwhile, when asked to identify some key factors which Web2 and Web3 must consider before attempting to integrate crypto with conventional payment platforms, Kowalczyk said the most important thing is knowing that not everyone is 'interested in the complexities pervading the blockchain.' Understanding this means platforms that offer crypto on and off-ramp services should aim to make their user interface not only easy to use but 'highly navigable.' While many financial freedom advocates are still very opposed to the implementation of know-your-customer (KYC) or anti-money laundering (AML) measures by Web3 companies, Kowalczyk told Bitcoin.com News that doing this can help build consumers' confidence in the industry. The Ramp Network CPO, however, said this should done without affecting the user's experience. Below are Przemek Kowalczyk's written answers to all the questions that... read More



'Trading Through Gamification Can Represent the Future' Says Banksters' ...

    While centralized exchanges (cexs) are instrumental in helping new users grasp all things crypto, they nevertheless do not go 'the extra mile in educating their audience properly,' Alexandru Carbunariu, the CMO at the edutech simulator Banksters, has asserted. According to Carbunariu, a Web3 advisor, properly educating newbies includes making the experience more interactive and fun. He added that Web3 platforms should take a leaf out of their Web2 counterparts' playbook.Trading Through Gamification Represents the Future Expanding on the argument that education should be more fun, the CMO said he concurred with those who believe gamification to be the right way of encouraging more positive trading behavior. However, Carbunariu told Bitcoin.com News that while 'trading through gamification may represent the future,' many of the current Web3 games may 'have taken a wrong turn.' When asked for his thoughts on the so-called trade-to-win strategy, the Banksters CMO insisted that such a model is better than play-to-earn (P2E) models because it engenders confidence. He suggested that such a model can be ideal for newcomers. Meanwhile, in written answers sent to Bitcoin.com News, Carbunariu also articulated why competition is necessary for Web3 platforms looking to get communities attached to their respective products. Below are Alexandru Carbunariu's responses to all questions sent. Bitcoin.com News (BCN): Centralized exchanges (cexs) are one of the gateways to all things crypto for ... read More



Non-Regulation of Web3 Space Making 'Mainstream Adoption Harder' Says AG...

    According to Jack Vinijtrongjit, the co-founder and CEO of the Web3 infrastructure company AAG, more prospective users will be drawn to decentralized finance (defi) and non-fungible tokens (NFTs) if tools that help them avoid falling prey to scammers are developed and deployed. Vinijtrongjit argued that the need for such tools will even become 'more crucial' if and when the much-talked-about widespread adoption of Web3 becomes a reality.Onus on Industry Participants While he acknowledged the key role that education can play in making Web3 a safer space for new users, Vinijtrongjit insisted that the onus for solving this problem rests on the shoulders of industry participants. He told Bitcoin.com News that this is especially true at the latter stages of mainstream adoption of emerging technologies. Turning to the regulation of Web3 or the lack thereof, the AAG co-founder said he concurred with those who believe that a lack of regulation makes mainstream adoption harder. In written responses sent via Telegram, the co-founder also suggested that the non-regulation of the space is particularly challenging for regulated enterprises seeking to be exposed to digital assets or NFTs. Vinijtrongjit also explained why his company has eliminated the need for private keys or seed phrases and how this can help make life much easier for new users. Below are the AAG co-founder's answers to all the questions sent. Bitcoin.com News (BCN): When new users start interacting with defi, Web3 or NFT... read More



Block.one's Settlement Offered a 'Tiny Fraction' of the $4.1 Billion Rai...

    According to Yves La Rose, the founder and CEO of the EOS Network Foundation (ENF), the blockchain software company Block.one's failure to financially back the EOS ecosystem after the 2018 initial coin offering (ICO) is one of the many reasons why the community felt compelled to take over.Building Everything From Scratch However, in written answers sent to Bitcoin.com News, La Rose revealed that the EOS community had to build everything from scratch since it didn't 'own any of the existing intellectual property.' In addition, La Rose said capital had to be injected' as quickly and effectively as possible' since the ecosystem had been starved of capital for years. This, however, had to be done before processes and frameworks that drive the decision-making were in place. When asked about Block.one's settlement proposal and why she urged the community to reject this, La Rose said the offer represented just 'a tiny fraction of the $4.1 billion that Block.one raised from the community in its ICO sale.' She also argued that the proposed settlement fell well short of the $1 billion that the blockchain software company promised but failed to inject into the EOS Network and community. As has been reported by Bitcoin.com News, in the years that followed the ICO, interest in EOS waned and this is evidenced by the drop in the crypto asset's price from an all-time high of $22.89 seen in April 2018 to $0.57 on Sept. 21, 2023. However, despite this, La Rose suggested in her answers sent via... read More



'Islamic Coin's Legitimacy as a Sharia-Compliant Cryptocurrency Is Prove...

    According to Mohammed AlKaff AlHashmi, the co-founder of 'Islamic Coin,' Muslim scholars will increasingly view cryptocurrencies as being 'Shariah-compliant' if they function as a store of value or are used as a medium of exchange. Alhashmi added that Islam's 'robust' ethical framework already 'accommodates modern technological advancements such as the blockchain and cryptocurrencies.' This, he said, may help explain the gradual acceptance of unbacked digital assets by some in the Islamic community.Crypto Acceptance in the Muslim World Despite this changed perception towards cryptocurrencies, many Islamic-themed digital tokens that were launched in the past have seemingly failed to emulate the success of pioneering coins like bitcoin (BTC) or ethereum (ETH). In contrast, Alhashmi's islamic coin appears to have garnered substantial financial support as evidenced by the $200 million in funding recently secured from ABO Digital. When asked why islamic coin has seemingly done better, AlHashmi pointed to how the project's multifaceted approach broadens its 'reach and enhances our value proposition.' The co-founder also argued that the coin's apparent success on the funding front can be seen as a testament to the Islamic community's approval of this approach. However, critics of AlHashmi's crypto project assert that the coin is not Sharia-compliant as claimed. They also accuse AlHashmi and his team of attempting to lure devout Muslims with such false claims. In his response, AlHash... read More



Ramping up Blockchain Education Can Help Make South Korea the World's Cr...

    According to Edward Hong, the chief platform officer (CPO) at the early-stage venture firm Hashed, South Korea's decision to delay putting in place a comprehensive crypto regulatory framework seems to be more of a strategic move rather than hesitation. Hong insisted that the perceived delay helps to ensure that South Korea's regulatory regime will be in sync with any internationally agreed framework.Korea's Position at the 'Forefront of Global Technology Adoption' Hong also told Bitcoin.com News that when South Korea's crypto regulatory framework is in sync with those of its peers, this may make it possible for the Asian country to foster a 'more standardized and interoperable landscape for crypto assets.' When asked about how South Korea has made itself one of the world's leading cryptocurrency markets, the CPO suggested that this may have something to do with the country's position 'at the forefront of global technology adoption.' Regarding the prospect of Korea becoming successful in the crypto space just as it has done with everything else, Hong said this may be possible if both industry leaders and the government increase efforts to educate people. Meanwhile, Brian Kang, a co-founder at Factblock, which is organizing the Korea Blockchain Week (KBW) along with Hashed, told Bitcoin.com News that this year's event will prioritize blockchain and Web3 education. Kang added that the event, which is set to be held in the first week of September, will highlight to the world the ... read More



Growing Use of AI in Making Web3 Games Hints at Accelerated Adoption of ...

    The use of non-fungible tokens (NFTs) when launching Web3 games as well as developers' emergence as experts at community management are some of the promising trends in blockchain gaming that can accelerate mass adoption, Ken Timsit, the managing director (MD) at Cronos Labs, has said. Timsit also pointed to the growing role of artificial intelligence (AI) in making games more interesting as another reason why he is optimistic about the technology's mass adoption prospects.AI Model Biases and the Limits of Blockchain Meanwhile, when asked if AI can help stem a practice in which gamers use fraudulent means to obtain valuable in-game assets, the boss of Cronos Labs, a Web3 startup accelerator, told Bitcoin.com News that it is still too early to know if generative AI can be the game changer. However, he nonetheless acknowledged that AI models can be essential in detecting bots which some players use to fraudulently acquire in-game assets. While critics of current AI models like Chapgpt have proposed using the blockchain to decentralize them, Timsit warned that doing this could mean 'anyone can run an AI model that reflects their particular worldview.' According to the Cronos Labs boss, this could cause the AI landscape to experience the kind of polarization that is seen in the media and on social media platforms. In his written answers to questions sent to him via Telegram, Ken Timsit also said he expects speculation to remain an indispensable part of Web3 gaming. Timsit however ... read More



Blockchain Can Help Facilitate 'Direct Connections' Between Users and Ho...

    Using blockchain can potentially minimize intermediary expenses incurred by players in the hospitality industry because the technology makes it possible to facilitate direct connections between users and hotels, Bernard Lau, CEO of Staynex and LABS Group, has said. Lau, whose company focuses on onboarding resorts & hotels to Web3, argued that non-fungible tokens (NFTs) can be used to enhance hotels' product offerings 'particularly in the realm of loyalty membership rewards.'Using Blockchain to Eliminate Intermediaries With respect to timeshares, also known as vacation ownerships, Bernard Lau told Bitcoin.com News that the blockchain's key attributes can effectively help lower the costs of such ventures. In addition, when their ownership is more transparent, timeshares can still turn out to be an 'interesting concept' just as they were in the past, the CEO added. Lau also spoke of how artificial intelligence (AI) can be used to curate optimal selections, itineraries, and prices which are inside customers' budget limits. And since AI is able to efficiently present the top choices, it means prospective customers will not waste time searching for the best possible deal, Lau suggested. In written answers sent to Bitcoin.com News via Telegram, Lau also explained how even less tech-savvy customers can use or pay using NFTs and crypto. He also touched on how Web3 travel solutions can be used to ease inconveniences for digital nomads. Below are the Staynex and LABS Group CEO's answers... read More



AI-Powered Solutions Can Help Crypto Traders Overcome 'Cognitive Biases'...

    According to Steve Rosenblum, the founder and CEO of Libertify, Artificial Intelligence (AI) driven investment solutions can assist investors in making 'timely adjustments to asset allocation.' This means investors using such a solution will be able 'navigate the volatile crypto landscape while maintaining a balance between risk and potential returns.'Using AI to Rebalance a Portfolio Rosenblum also told Bitcoin.com News that investors who use AI-driven solutions such as Libertify's personalized AI risk management solution are better placed to overcome cognitive biases which often cloud their judgement. However, the CEO argued that AI-driven solutions will only become a widely adopted tool if and when prospective investors are better educated. Rosenblum also said that regularly rebalancing a portfolio in order to take advantage of evolving trends can potentially help investors maximize returns. The Libertify CEO further listed the nine most common mistakes made by crypto investors. Below are all of Rosenblum's answers to questions sent to him via Telegram. Bitcoin.com News (BCN): An investor's mind is said to be full of cognitive biases that often lead to what some describe as inertia and irrational economic decisions. Quite often crypto investors can be reluctant to change their approach, even when all the indicators suggest they should. From your experience, what do you think can help investors free themselves from a given strategy or approach when investing or trading?Stev... read More



Bitcoin Network's Inherent Properties Can Be Leveraged to 'Enhance the S...

    Fisher Yu, the co-founder and chief technology officer (CTO) at the bitcoin staking protocol Babylon Chain, has argued that when staking bitcoin, stakers 'do not need to trust or give their bitcoins to any third parties.' According to Yu, such an attribute helps to 'eliminate the need for bridges and lenders' when staking bitcoins.Bitcoin Network's Inherent Properties and the Security of PoS Chains The CTO told Bitcoin.com News that proof-of-stake (PoS) blockchains and app chains can also potentially benefit from the robust bitcoin-grade security that a bitcoin staking protocol brings. As explained in Babylon Chain's whitepaper, bitcoin staking means holders of the top crypto asset can 'trustlessly stake their bitcoins without bridging them to the PoS chain but yet provides the chain with full slashable security guarantees.' Concerning the so-called blockchain trilemma (a network's inability to simultaneously excel in security, scalability, and decentralization), Yu insisted that this can be overcome by 'allowing bitcoin holders to stake their idle bitcoins,' which in turn helps to 'enhance the overall economic security of PoS chains.' Yu, in the meantime, revealed how the Bitcoin network's timestamping service 'enables tight synchronization between the Bitcoin network and the PoS chains.' According to the CTO, it is this synchronization which enables 'bitcoin stakers to have fast unstaking without affecting the PoS chains' security.' In the rest of his written answers sent t... read More



Crypto Assets Held in Self-Custody Wallets Have 'a Non-Zero Chance' of G...

    According to Brandon Brown, the co-founder and CEO of Fairside Network, self-custody crypto wallets generally lack inbuilt insurance coverage to protect against theft or loss. Brown attributes this to the challenges encountered when assessing digital asset risks as well as 'the absence of historical loss data, and evolving threats.'Insurance Coverage for Assets Held in Self-Custody Wallets The Fairside Network CEO told Bitcoin.com News that it is still possible to provide insurance coverage for not one but several assets held in a self-custody wallet. When asked about users' preference for privacy and anonymity which may go against the requirements of a typical risk mitigation product, the CEO suggested limiting the number of times users are required to submit to know-your-customer (KYC) procedures as an option insurance providers can use to overcome this challenge. Brown also acknowledged the shortcomings and flaws in most crypto insurance offerings. He nevertheless argued that by 'drawing from the proven effectiveness of traditional insurance models' crypto insurers can still come up with better offerings. Below are Brown's written answers to questions sent to him via Telegram. Bitcoin.com News (BCN): What does the self-custody of tokens, NFTs, and real-world assets (RWAs) mean and why personal wallet theft protection is vital for self-custody assets?Brandon Brown (BB): Self-custody of digital assets like tokens, NFTs, and real-world assets means individuals or entities hol... read More



Blockchain-Powered Mobile Networks Offer Better Data Security Than Tradi...

    A blockchain-powered decentralized network can offer a 'much greater level of security and ownership' of data compared to traditional telecom operators, Micky Watkins, the founder and CEO of World Mobile, has said. Watkins also claims that the flexibility of such a decentralized network means users can 'rapidly scale and adjust the network to better reflect demand.' This, in turn, can result in more reliable connections for users. A Decentralized Mobile Network Offers Users a 'Greater Level of Security' Watkins also told Bitcoin.com News that his company's attempt to bring the internet to the masses via innovative technologies is comparable to past efforts by tech giants like Google and Facebook. The World Mobile founder, however, insisted that his company is not competing with tech giants. Instead, World Mobile — a telecommunication network built on a blockchain — sees tech giants as collaborators, he said. In written comments sent to Bitcoin.com News, Watkins explained how the company's infrastructure model and blockchain technology enable his group to overcome the scalability challenge. He also touched on how ordinary people or subscribers can help secure the network by acquiring or hosting nodes. Below are Watkins' answers sent to Bitcoin.com News via Telegram. Bitcoin.com News (BCN): The internet is a core pillar of the modern information society, yet an estimated two billion people are still without access. This may be because it is not commercially viable f... read More



Bitcoin ETFs Can 'Act as a Gateway to Crypto for Many'— Mintlayer ...

    According to Enrico Rubboli, the CEO of Mintlayer, Bitcoin exchange-traded funds (ETFs) can potentially act as 'a gateway to crypto' for users who are likely to eventually show greater interest in the underlying asset. Rubboli argued that while bitcoin maximalists may view Blackrock or any other traditional financial institutions' ETFs as an affront to the ideals of decentralization, such ETFs could yet prove to be one of the most effective ways of hastening the adoption of cryptocurrencies. The Benefits of Tokenization Rubboli, whose platform Mintlayer enables the building of decentralized finance ecosystems on the Bitcoin blockchain, told Bitcoin.com News that he concurred with Blackrock's assertion that its bitcoin ETF is likely to have a 'monumental' impact on the financial ecosystem. To support this view, the CEO highlighted how the approval of the ETF is likely to encourage traditional financial institutions to invest in 'protocols that enable tokenization to happen.' When tokenization does happen, this, according to Rubboli 'can lead to enormous amounts of liquidity being pumped into tokenized real-world [assets] (RWAs), transforming the markets of so many assets, and making them more accessible.' However, when asked about the possible downside of traditional financial institutions' involvement in the tokenization of RWAs, the Mintlayer boss pointed to their need for a 'trusted authority in order to guarantee the connection of physical assets to ... read More



Web3 Revolution: 'Low Latency Is King' Says Fleek Network Lead Researche...

    According to Parsa Ghadimi, the lead researcher at the Web3 infrastructure platform Fleek Network, many developers of decentralized apps (dapps) continue to shun Web3 infrastructure because it has low latency. Ghadimi asserts that developers and users are more concerned with performance than the novelty of Web3 applications.Web3 Regulation a 'Certainty' While this may explain developers' use of or preference for Web2 infrastructure, according to Ghadimi, participants in the Web3 ecosystem can reverse this trend by 'matching the performance and latency of Web2.' Meanwhile, when asked about reports of the United States' attempt to regulate the decentralized finance (defi) ecosystem, Ghadimi told Bitcoin.com News that he remains optimistic regulators will not go after projects which adhere to rules. Although the eventual regulation of Web3 is now widely seen as a 'certainty,' the researcher nevertheless said he is 'increasingly optimistic' that this will be done in a 'sensible' way. In his written answers sent to Bitcoin.com News via Telegram, Ghadimi also shared his thoughts on why the web infrastructure needs Web3. He also offered his thoughts about the future of centralized entities in Web3. Below are all of Ghadimi's responses to the questions sent. Bitcoin.com News (BCN): What does the decentralization of the Web3 infrastructure mean and what’s the need for moving infrastructure to a decentralized layer?Parsa Ghadimi (PG): Decentralizing web infrastructure is the shif... read More



Bitcoin ETFs Can Boost 'Overall Reputation of Certain Cryptocurrencies'&...

    According to Nikolay Denisenko, the co-founder and CTO of the financial and earning application Brighty App, the digital version of the pound sterling can be a bridge that enables 'easy conversions between different types of crypto, stablecoins, and digital currencies.' Furthermore, the digital pound — also known as britcoin — can potentially 'make payments faster, more secure, and less expensive.'The Digital Pound's Benefits Versus Its Vulnerabilities Nikolay Denisenko, a Revolut alumnus, nevertheless warned that britcoin just like any other central bank digital currency (CBDC) may be susceptible to cyberattacks. He also highlighted the public's concerns over the digital pound project's rumoured cost of $1.31 billion versus the benefits which the CBDC is expected to bring. Meanwhile, when asked about the probability of the U.S. Securities and Exchange Commission (SEC) approving asset management giant Blackrock's Bitcoin exchange-traded funds (ETF), Denisenko highlighted Blackrock CEO Larry Fink's profile and influence as one of the reasons why many players in the crypto space are optimistic. The CTO also argued that when Blackrock and other asset managers' Bitcoin ETFs are approved, this could result in a 'lasting impact on the overall reputation of certain cryptocurrencies and digital assets.' Also, in his answers to questions sent to him via Linkedin, the Brighty App co-founder also shared his thoughts on what he thinks about Blackrock and other asset managers'... read More



Sidechains Can Provide 'Scalability and Flexibility Needed for Real-Worl...

    All-in-one infrastructure solutions may be what is needed to drive the adoption of Web3, but such solutions might turn out to be complex and not as flexible, Rob Viglione, the co-founder and CEO at Horizen Labs, has argued. In addition, Viglione believes that such comprehensive infrastructure solutions 'may not be as compatible with tools that sit outside of the services tech stack.' Making Infrastructure Solutions 'More Interoperable and Composable' Furthermore, all-in-one infrastructure solutions are likely to make it difficult for developers to adapt their applications to new programming standards, the CEO of the blockchain solutions group added. Meanwhile, when asked why sidechains are needed, Viglione pointed to their ability to expand the functionality of existing blockchains 'requiring significant modifications to their core codebase.' In written answers sent to Bitcoin.com News, the co-founder also argued that sidechains can play a critical role in Web3 by 'providing the scalability and flexibility needed for real-world applications.' With respect to ways that the so-called Web3 backbone can be strengthened, Viglione said this can be done by making infrastructure solutions like blockchain software development kits (SDKs), wallet SDKs and dapp development tool kits 'more interoperable and composable.' In the rest of his answers to questions sent to him via Telegram, Viglione also offered thoughts about the future of application or enterprise-specific custom chains. Bit... read More



'Bitcoin Ordinals Are One of Many Ways to Represent Real-World Assets'&m...

    While non-fungible tokens (NFTs) are generally believed to represent the link between an owner and an asset, without platforms acting as 'digital notaries' there can be no effective way of stopping scammers from minting and selling plagiarized works, Shaban Shaame, the co-founder of Wakweli protocol has argued. Tokenizing Real-World Assets According to Shaame, the ease with which anyone (including scammers) is able to generate a certificate of authenticity for an NFT only further highlights the importance of having such an authenticating entity. In addition to using tools such as digital notaries, the co-founder of Wakweli — a Layer-1 protocol that issues certificates of authenticity for NFTs & real-world assets — said NFT users must learn to do their own research. NFT traders should always triple-check transactions they sign or the projects they join, Shaame added. Also, in his written answers to questions sent from Bitcoin.com News, the co-founder also offered his thoughts on Bitcoin ordinals and why linking an asset to a 'bitcoin fraction' like this may 'present risks when making transactions with incompatible wallets.' He also touched on the tokenization of real-world assets and the future prospects of this phenomenon. Below are all of Shaame's answers to questions sent to him via Telegram. Bitcoin.com News (BCN): Can you start by explaining to our readers what the tokenization of real-world assets is all about and the prospects of tokenized real-world assets ... read More



Privacy Protocols Have Not Gained Traction Because 'User Experience Hasn...

    According to Christopher Goes, the co-founder of privacy-focused blockchain Namada, many privacy protocols have not gained traction primarily because 'the user experience hasn’t been up to par.' Part of the reason for this is that existing solutions such as Zcash 'often require that users use a specific asset in order to receive privacy.' Another privacy solution, Tornado Cash, offers what Goes described as 'suboptimal privacy in order to maintain efficient compatibility with a legacy transparent system.''Privacy Loves Company' Meanwhile, in his written answers sent to Bitcoin.com News, the Namada co-founder stated that while privacy-preserving protocols have seemingly gained traction, this has not translated to better privacy for users. Goes explained that this may be because the 'anonymity sets are currently fragmented across an ecosystem of separate tokens, applications, and platforms.' In order to bring about an improved and better experience for users, Goes said protocols like Namada — a 'proof-of-stake L1 for interchain asset-agnostic privacy' — are working on 'providing a unified privacy set in which all assets can partake and all chains can connect to.' The co-founder also confirmed reports that Namada has proposed 'a shielded airdrop of its NAM token to holders of Zcash and Osmosis.' Below are Christopher Goes' answers to all the questions that were sent to him via Telegram. Bitcoin.com News (BCN): Most of the blockchains out there are pseudonymous ... read More



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