The crypto revolution is driven by “rockstars,” visionaries who often lack an academic background. Their ideas of decentralization and openness are refreshingly anti-systemic and optimistic. Still, these visions are only possible thanks to the work of generations of scientists who laid down the foundations of current crypto protocols decades ago, and continue developing them today. The shape and form that the crypto revolution takes will be the product of dreams and ideologies on the one hand, and peer-reviewed research and development on the other — in equal measure.
Press freedom around the world depends on an open, reliable and secure internet.
Internet censorship and repression take many forms. The People’s Republic of China (PRC) regularly censors words, phrases and names published on the internet that it deems to be anti-communist and anti-government. It also limits access to many websites. Government-enforced internet shutdowns and network restrictions also inhibit freedom of expression, including for members of the press. In Venezuela, the government uses electricity and internet blackouts to inhibit access to information and control potential political unrest.
“Over the past 10 years, the entire spectrum of human rights are now enabled, facilitated, and accessed through the internet,” Access Now says. “We are prepared to address new technologies as they emerge, and to bring the implications for human rights to the fore.”
Today, the language of self-sovereignty had spread far beyond its beginnings as a type of identity to users of many sorts of digital assets, such as cryptocurrency. Digital-asset holders speak of it as something that gives them the autonomy to make their own decisions about those assets, without any interference from third parties or other gatekeepers. So, even if there is still some question about the “self-sovereign” nomenclature in the digital-identity ecosystem, it seems to be increasingly accepted by the digital-assets community.
The potential of African youth has been growing for a very long time, and now, when more and more young talents appear in Africa, the world is beginning to pay attention to it as a new favorable market for cryptocurrencies. In the cryptocurrency community, there was even an opinion that the “golden cryptocurrency age” of African development had begun.
Blockchain technology can provide people who have never used banking services with access to various services. For example, using dApps, people can get access to new ways to save money and pay bills, get loans, sell their own goods and services, and also get the opportunity to create their own applications or tools based on the blockchain. Instead of subjecting their financial assets to inflation, people can use stable digital assets, which allows them to gain more control over their funds and abandon a centralized system that does not provide any benefits.
The continued growth and evolution of the digital economy remains a driver for strong data center growth and development throughout Virginia. As reported in a March 2021 Virginia Business article, a new dark fiber network is expected to expand opportunities for data center development in strategic Virginia locations.
This new 680-mile regional fiber optic network will connect the large concentration of existing data centers in Northern Virginia to the Virginia Beach cable landing station and, in turn, provide access to the subsea, intercontinental high-speed internet cables running to Europe and South America.
Speaking at the Crypto Mining Forum online event on Tuesday, Colyer said he believes that as major energy companies see the economic benefits of mining cryptocurrencies like Bitcoin (BTC), it may lead to a restructuring of both capital and operations. Calling Bitcoin mining “a great stabilizer” for the power grid, the Foundry Digital CEO said the technology could become a “bridge between the current energy production and a world where 100% of our energy is produced from renewables.”
“Bitcoin mining provides a steady base load, and yet, it’s still intermittent to allow grids stability,” said Colyer. “This creates a really powerful economic dynamic for renewable energy products.”
A strongly worded copyright notice often isn’t enough to deter bad actors — nor prove that artwork is authentic if their claims are challenged. However, there are some simple steps that are worth taking when building an online presence, and it all begins when original files are being uploaded in the first place.
Adding a visible watermark to art before sharing digital images anywhere can prove worthwhile, irrespective of whether this is on Instagram, Facebook or on your own website. If you’re especially sophisticated, you may opt for an invisible watermark at the pixel level — something that can give you an upper hand in a dispute, especially among plagiarists who may not have noticed it.
“Unfortunately, buyers in nascent markets are not as knowledgeable of what to ask about or look for with provenance, nor any aspect of wine authentication, leaving this market a prime target for counterfeiters and those selling counterfeits.” Maureen Downey, an expert on fake wine, told Forkast.News. “As much as 50% of the fine wines in China are believed to be fake.”
But supply-chain verification and authentication through blockchain technology are now trying to cut down on wine fraud — which experts estimate is a billion-dollar industry.
“Wine is something to be aged, cellared, and is often a generational hobby,” Downey said. “To track it, we need something that can stand the test of time, and blockchain is the only thing that we’ve seen that will even come close.”
Energy consumption has become the latest flashpoint for cryptocurrency. Critics decry it as an energy hog while proponents hail it for being less intensive than the current global economy.
One such critic, DigiEconomist founder Alex de Vries, said he’s “never seen anything that is as inefficient as bitcoin.”
On the other side of the debate, research by ARK Investment Management found the Bitcoin ecosystem consumes less than 10% of the energy required for the traditional banking system. While it’s true the banking system serves far more people, cryptocurrency is still maturing and, like any industry, the early infrastructure stage is particularly intensive.
The current decentralized finance (DeFi) trend may be capable of turning the tide. As an industry, it brings financial services and products to the entire world by removing intermediaries and gatekeepers altogether. As financial access can boost local society’s living quality and prosperity, it is paramount to bring these tools to as many people as possible.
More importantly, the time has come to address the most significant issue in centralized finance: Too few people are in control. When a consumer deposits funds at a bank, they essentially give up any control over that money. The same idea applies to investing, where most people will do so through an account manager or financial expert, relenting control over their funds.