As blockchain and crypto have continued to gain attention and popularity over the past year, non-fungible tokens, or NFTs, have surged into the spotlight. The first half of 2021 saw tokenized art, video clips, and various esoterica sold for astronomical prices amid frenzied interest. And although the hype has died down for the moment, a look at the technology behind NFTs shows that this is only the tip of the iceberg. These blockchain assets are likely to emerge as an important pillar of the new economy -- with important implications for privacy.
In April of 2021, The New York Times declared "we're all crypto people now." It's true -- over the past year, digital currencies have entered the collective consciousness as never before. But great change is often met with great resistance, and crypto is no exception. Misconceptions about the nature and capabilities of blockchain technology have grown almost as fast as adoption. Myths and rumors about illicit activity, environmental impact, and network inefficiency are easy to find.
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Much has been made of the likely advent of quantum computing, which promises the ability to perform computations at speeds that are orders of magnitude beyond those of current computers. But what does quantum computing mean for the future of blockchain? Do quantum computers threaten blockchain security?
In the world of cybersecurity, people have seemingly infinite tools at their disposal -- cybersecurity is not a one-size-fits-all endeavor. To stay safe online, then, it's important to understand the different tools that exist in order to ensure you use the right one for the task at hand.
@bitRainbow You probably won't have enough computer power to do that. It's like trying to manipulate an entire blockchain. The idea of the oracles is that there are many validators who are verifying what data is being pushed and if it's not good, the data will not be accepted.
@justcaesar they just announced today that premium METAL members of revolut in europe were able to withdraw cryptocurrency as of the time the announcement was made. standard members and international users will eventually be included but seems like it will be rolled out in stages.
I am reading Orchid Whitepaper now. It helps to understand how Orchid is different from traditional VPN services.
@discipulus They are, but thankfully the best ones are trying to decentralize progressively by creating DAOs, giving up admin functions over contracts, etc.
@bitRainbow I happily accept stablecoins of almost any kind, which I can then use to fund my Crypto.com VISA card. It's not ideal but it's one step in the right direction.
The Internet has become a failed utopia, Seven said.
@justcaesar That’s correct. The crypto wallets for Revolut (at least in the USA) are exclusively for speculation. That’s not to say it’s totally useless. There was a time I would’ve made that argument.
I'd love to be in the position to shut off my bank accounts and have a crypto-centric bank, effectively, Bill said in the latest Follow the White Rabbit podcast. If you have Hulu and Netflix, you can cut the cord. I don't pay for cable or satellite television anymore because I can pretty much get it all through my Internet connection. In banking, that's not possible right now -- and I think that's about to change.
New episode of Follow The White Rabbit! Alex and Derek join Bill Barhydt, Founder CEO of Abra. We take a deep dive into the future of banking, how to protect your financial privacy with Bitcoin, and why fungibility is key for crypto. Have a listen!
We go down the rabbit hole with Emin Gün Sirer, Founder and CEO of Ava Labs, the team behind the Avalanche blockchain platform. A leader in peer-to-peer systems, he shares his thoughts on how to build trust, transparency, and privacy with decentralizing technologies.
Go down the rabbit hole with Tor Bair, Founder of the Secret Foundation , an organization that supports the adoption of open-source privacy technologies. A great conversation on the effects of Web3 in a digital world, why blockchain is the blueprint for a new economy, and the evolution of privacy.
This is a very common problem. Discrimination from the banking system is a well-known fact. But I guess one day this problem will be completely solved with DLTs unless the govs will go hardcore with regulations, as usual.