Article: How DeFi Paves the Way for Financial Inclusion

Decentralized Internet, Innovation, Money

How DeFi Paves the Way for Financial Inclusion

According to the World Bank’s report from 2017, approximately 1.7 billion people worldwide don’t have a bank account today.

Not having access to this fundamental financial instrument is the main factor that stops them from realizing certain everyday functions. However, decentralized finance (DeFi) was created to meet all the requirements and demands of traditional banking — security, privacy, and accessibility — in a new way.

By transferring financial operations onto the blockchain, people will only need a smartphone or portable PC and a stable Internet connection to access the global financial system 24/7. How’s that for a step in the right direction?

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Article: Blockchain Technology For Better Governance

Blockchain, Governance, Innovation

Blockchain Technology For Better Governance

Blockchain technology has the potential to make government operations more efficient. It can improve the delivery of public services and establish greater trust. Most government departments work in silos. The lack of interconnectedness across departments foments a larger concern about data integrity and consistency.

It is essential for departments to aggregate multiple digital identities accorded to citizens for making cross-referencing easier. This is what blockchain technology does.

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Article: How Cryptocurrencies Can Reduce Poverty in Developing Countries

Civil Society, Crypto, Money

How Cryptocurrencies Can Reduce Poverty in Developing Countries

Cryptocurrencies have proven to be the most secure, transparent, and adequate financial tool realized in the modern age. It eliminates significant challenges presented by local currencies and, as a result, continues to improve the global economy.

Developing countries share one common challenge, and that is fraud. With the aid of digital currencies, trust and security for financial investments get restored, and in the long run, the global economy develops. As proven from this article, using cryptocurrencies in developing countries is very advantageous in boosting their economy.

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Article: NFTs Offer Alternative Revenue Source for Asian Musicians

Crypto, Digital Content

NFTs Offer Alternative Revenue Source for Asian Musicians

“The xxxx is an NFT” is his second effort. He deliberately experimented with a different platform and another crypto currency, and rather than selling through an auction, he made it available in limited editions. “The key is not to be greedy,” he said.

The experiment could lead to a new movement that would revive the direct relationship between patron and creators that was once prominent in the times of Renaissance, Tan says. Patrons who love one’s creative work are willing to pay a premium for a scarce product, creating a lifeline for artists, he explained.

Tan is working on his next NFT, which is scheduled to release in June. He expects obstacles lie ahead, but says he may be able to set an example for younger musicians.

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Article: Hong Kongers Use Blockchain To Fight Government Censorship

Blockchain, Censorship, Media

Hong Kongers Use Blockchain To Fight Government Censorship

The Hong Kong government has already shown that it has no qualms about rewriting history. But, some wondered, would it really go so far as to erase history?

The answer is yes.

Earlier this month, the public broadcaster Radio Television Hong Kong announced that it would begin deleting archive content that is more than a year old. That means programs covering the Hong Kong protests in 2019 will be removed from the RTHK website and social media accounts, as will the broadcaster’s coverage of the political process. It is the latest development in the government’s drive to redesign RTHK as part of its campaign for greater control over the news media.

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Article: RISC-V: Open-Source Alternative To ARM That Will Revolutionize The Processor Industry

Hardware, Open Source, Software

RISC-V: Open-Source Alternative To ARM That Will Revolutionize The Processor Industry

The open-source revolution made it possible for developers around the world to work together, creating new applications that are available to everyone. Today, we can find suitable or maybe better alternative open-source applications for every paid software.

So we only heard about the influence of the open-source community in the software sector. For obvious reasons — it is easier to develop software than hardware. However, there are also open-source projects associated with hardware, and one of the most promising is called RISC-V.

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Article: Crypto Assets Are Primarily Communication Networks

Crypto, Money

Crypto Assets Are Primarily Communication Networks

The value in the Western Union franchise, or, if you prefer, Western Union’s corporate moat, is not in the ability to transfer money between users, but rather in the worldwide network of franchisees running Western Union software, which tells them who to pay and how much to charge.

The value of Western Union as a company, for the purposes of money remittance, lies entirely in the size and quality of its network of nodes (franchisees). Money remittance is secondary to network quality.

Does this remind you of anything? Sounds a lot like Bitcoin doesn’t it? Yet when dealing with Bitcoin, we tend to not understand where the value is coming from and we fall into the red herring of Digital Cash vs. Digital Gold; forgetting that these two forms are subject to the quality of the underlying communications network.

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Article: Debunking cyber security misconceptions about edge computing

Cloud, Cyber-Security, Decentralized Internet

Debunking cyber security misconceptions about edge computing

The first layer, Network segmentation is essential as the edge perimeter expands. It works by breaking up a computer network into segments, enabling better control of data traffic and also limiting how far an attack can spread.

This can be further improved using data diodes and unidirectional gateways, which allow traffic to flow in one direction only, preventing sensitive data to be leaked should an edge device be compromised.

Next is an intrusion detection system which can identify and alert users of potentially malicious traffic that could damage, disrupt service, or impact availability of systems running on the edge.

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Article: “I want to see how Web3.0 is changing the world” Interview with Huobi Japan CEO

Blockchain, Web 3.0

“I want to see how Web3.0 is changing the world” Interview with Huobi Japan CEO

Web3.0 is a world where you can exchange data whose existence is guaranteed even if it is digital data that does not exist on the Internet. It can be said to be a “world where value can be exchanged on the Internet.”

Blockchain technology enables users who participate in the blockchain, rather than a specific company, to manage data such as personal information in a decentralized manner. This mechanism can reduce the risk of unauthorized access, information leakage, and data falsification, and makes it possible to build a highly reliable network.

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Article: Why Do We Urgently Need Web 3.0?

Censorship, Decentralized Internet, Deplatforming, Web 3.0

Why Do We Urgently Need Web 3.0?

It is safe to say that the World Wide Web has become an abomination in light of what its creator, Tim Berners-Lee, envisioned it as — a decentralized, open exchange of information. Now, it is riddled with choking points. However, the good news is that Bitcoin (BTC) has already demonstrated the case for decentralization. As a sovereign, leaderless, deflationary currency, the cryptocurrency is now widely in use as a hedge against inflation.

Bitcoin and other cryptocurrencies are able to counter centralized monetary power because they are decentralized and secured by blockchain. Can this technology be used to accomplish the same for the internet?

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