⏺News digest December 01, 2022

⭐️ Pavel Durov announced the creation of decentralized exchanges and wallets based on Telegram

⭐️ Inflation in the EU finally turned around and fell to 10%

⭐️ Bloomberg: Genesis is looking for options to avoid bankruptcy

⭐️ Maersk, the world's leading container shipping company, has abandoned the IBM TradeLens blockchain technology. Not profitable for the money 🤷‍♂️

The Brazilian Parliament adopted a law on the circulation of cryptocurrencies The Brazilian Parliament adopted a law on the circulation of cryptocurrencies

⭐️ Binance buys Japan's Sakura Exchange BitCoin

Serum exchange ceases operations after the collapse of Alameda and FTX Serum exchange ceases operations after the collapse of Alameda and FTX

⏺News digest December 02, 2022

⭐️EU authorities want to force crypto exchanges to report to the tax on user transactions

⭐️Institutional Adoption Gaining Momentum. Dec. 19 - CME Group and CF Benchmarks to Launch New DeFi Staking Benchmarks and DeFi Indices

⭐️Top 1 investment company in the world BlackRock lost $24 million on the collapse of FTX

⭐️Crypto exchange Kraken fired 1,100 employees

⭐️Bloomberg: Italy to introduce 26% tax on cryptocurrencies in 2023

⭐️Kaspersky Lab considers metaverses a threat

⭐️UK court orders six major exchanges to disclose customer data

⭐️Ethereum Foundation to Shut Down Ropsten Testnet Soon

❓Who controls decentralized networks? Have you ever asked such a question?

"Blockchain is a decentralized network where each node has equal rights and there is no single control center. But any system, regardless of its structure, must follow certain rules and laws, otherwise, chaos will reign in it".

👉Read full on Linkedin

👍Alexander Strigin, CEO at Relictum Blockchain, shared his expert opinion on why any system, regardless of its structure, must follow certain rules and laws. He also described the concept of Blockchain Governance on his Linkedin.

✅️Subscribe to the official Linkedin page of Alexander Strigin, CEO at Relictum Blockchain:

➡️CEO at Relictum Blockchain on Linkedin

☯️4 key features of Web 3.0

⚡️Decentralization. Blockchain will help decentralize data storage and establish trust in the virtual world. Since Web 3.0 allows to retrieve information based on its content, it can be stored in multiple places at the same time and get decentralized. This will break down the vast databases currently maintained by Internet giants such as Google and Facebook and grant people more power. Relictum Blockchain is already building a strategy for the future by creating relevant products that are in demand in Web 3.0.

⚡️No third parties. This means that the network members will be able to interact directly without the need for a trusted intermediary or permission from a governing body. This method grants access to any data related to your choice without any permission from any other host or third party. For instance, if you are looking for some data, you do not need to accept cookies or disclose any details as there is a trust relationship between you and the Internet.

⚡️Artificial intelligence and machine learning. Due to technologies based on semantic web ideas and natural language processing, computers will be able to understand information just like humans do. For example, "I love Paris" and "I ❤️ Paris" differ in syntax but are very similar in semantics. This will help you get more relevant content and improve your browsing experience.

⚡️Connectivity and omnipresence. The Internet will be accessible to everyone, anywhere and anytime, because IoT (Internet of Things) is launched in several new smart devices. These Internet-connected devices will no longer be limited to PCs and smartphones as they used to be with Web 2.0.

How does blockchain governance work?

This mechanism is implemented differently in different systems. Here are the main ways to implement blockchain governance:

⚡️Governance in the network itself. With such an approach, users make proposals in a special section on the network itself, for example, Bitcoin Improvement Proposals (BIPs) and Ethereum Improvement Proposals (EIPs), and then vote for these changes in the blockchain protocol.

⚡️Offline governance. In this case, governance is implemented outside the ecosystem. Proposals are made on forums, social networks, and communities. Besides, blockchain projects hold conferences and seminars where users can also submit their proposals and discuss them.

⚡️Some blockchains have open-source code which is available to anyone. Users can modify it, and make their own forks. This form of control gives them the ability to create multiple competitive options and make significant changes to the initial system structure.

⚡️Some decentralized exchanges have their own governance tokens. They allow you to vote for certain protocol updates applied to the application. Such a scheme enables users to decide in which direction the application will develop in the future.

Blockchain governance implements true decentralization

Regardless of the form in which the governing principle is implemented, it provides the opportunity for users to influence project development and makes any such project a truly decentralized one.

Original source:
Alexander Strigin on Linkedin

⏺News digest December 05, 2022

⭐️Coinbase Disables NFT Sending in Coinbase Wallet on iOS Due to Apple Requirement

⭐️The Brazilian Parliament adopted a law on the circulation of cryptocurrencies

⭐️El Salvador opened a national bitcoin office

⭐️Twitter cancels COVID-19 misinformation policy

⭐️ BlackRock Lost $24 Million in FTX Crash

⭐️Crypto exchange Kraken fired 1,100 employees

Technical interpretation of Web 3.0

If the above description is too simple for you, please find below a technical interpretation of Web 3.0

⚡️Web 3.0 is a decentralized platform operating on smart contracts: apps that work exactly as intended, without any chance of fraud or third-party interference.

⚡️Web 3.0 is powered by a decentralized network of nodes, each maintaining a blockchain copy. The nodes cooperate to validate and relay transactions, ensuring the network security and reliability.

⚡️Web 3.0 is an open-source project constantly improved by the developer community. It's free to use, and anyone can contribute to the project.

⚡️Web 3.0 is the future of the Internet. It is a decentralized platform that allows creating trustless apps. The is no need for central authorities or third parties with Web 3.0. This allows creating censorship-resistant apps that cannot be shut down.

⚡️Web 3.0 is an exciting platform that can potentially revolutionize the way we interact with the Internet. It is still in its early stages but has already attracted a lot of attention from developers and investors.

Conclusion

The new Internet will offer a more personalized browsing experience, a smarter and more human search, as well as all the benefits of decentralization that will hopefully help create a fairer Internet. Each user will be able to fully own their data, while lots of technical innovations help enrich the user experience and raise it to a level higher than we ever dreamed of.

Relictum Blockchain – try the future right now!

⏺News digest December 06, 2022

⭐️The debts of the almost bankrupt Genesis were estimated at $ 1.8 billion and this amount can grow

⭐️Circle, the issuer of USDC, refused to enter the stock exchange

⭐️Foreign crypto exchanges are actively cooperating with the Russian security forces to identify the illegal use of digital currencies, said State Duma deputy Andrey Lugovoy

⭐️Chinese court recognizes NFT as virtual property

⭐️Bloomberg: LedgerX put up for sale, possibly the last solvent division of Curly Sam's empire

⭐️$TSLA Tesla China: Media reports of a 20% production cut at its Shanghai plant in December compared to November are untrue

⏺News digest December 07, 2022

⭐️Windows Winamp player adds NFT support

⭐️"SBF is one of the greatest swindlers in history" - Changpeng Zhao

⭐️Nigeria limits ATM withdrawals of more than $225 per week to force the public to use CBDC

⭐️MetaMask wallet developers promised not to store user data for more than 7 days 🦊

⭐️Tether launches CNH₮ yuan-pegged stablecoin

⭐️Ledger launches new cold wallet with iPod creator

Blockchain for real estate. Use cases

🏢Let’s review blockchain technology and its application to the global real estate ecosystem.

Although the use of blockchain is still emerging in this sector, the technology has the potential to revolutionize the global real estate market for decades to come.

💎Key applications of blockchain to real estate include instant land transfer, legal simplification, and democratization of property rights through crowdfunding, to name but a few. The main use cases are described below.

Use cases:

⚡️Transaction processing and record keeping
⚡️Securitization of tokens
⚡️Efficient transfer of ownership rights
⚡️Commercial real estate exchanges
⚡️Standardization of information about the properties of an object or transaction terms

🔵We will analyze the blockchain use cases in real estate in more detail later.

⏺News digest December 08, 2022

⭐️Binance Liabilities 101% Reserved, According to Mazars Audit

⭐️China begins phasing out Zero Covid-19 policy

⭐️Alameda invests $25M in lettuce company

⭐️Sam Bankman-Fried hires a personal lawyer

⭐️Ethereum developers have decided to add withdrawals from staking in the next Shanghai update. Possibly as early as March

⭐️Telegram launched the sale of anonymous accounts without being tied to a phone number

Blockchain and real estate. Transaction processing and record keeping

🟣 The revolution in online payments and money transfers was one of the first and most prominent use cases for blockchain in the real estate sector.

⚡️ It perfectly fits for real estate, where the core strengths of blockchain can be used to process transactions worth billions of dollars, which change hands every day in the commercial and residential real estate markets.

🛡 The secure nature of the technology allows for direct transactions between sellers and buyers without the need for a regulator to verify the validity of such transactions.

🏋️ The process can be further enhanced by implementing smart contracts that ensure that a transaction between a seller and a buyer is only executed if certain conditions are met.

🔷 The use of Relictum Blockchain largely cuts financial costs and speeds up transactions.

➡️ Presentation of Relictum Blockchain and real estate market.

⏺News digest December 09, 2022

⭐️Media: SEC digs under Coinbase and American divisions of Binance and FTX

⭐️The EU will oblige crypto-exchanges to transfer customer data to the tax

⭐️ECB proposes to ban tokens with 'excessive environmental footprint'

⭐️Japanese authorities plan to ban algorithmic stablecoins

⭐️Coinbase CEO Expects 50% Drop in Revenue

⭐️Bloomberg: Custodial clients of bankrupt Celsius can take $43.87 million. And the rest were not so lucky

Blockchain and real estate. Land registries

⌨️Access to land registries in most countries and regional governments has historically been restricted, because much of the information is stored offline.

💻Blockchain registries can speed up the typically lengthy process of recording and transferring rights while securing transparency and eliminating the need to trust a centralized party.

🔎For example, the current ledger of transactions in Relictum Blockchain secures transparency in asset ownership and control, which allows to eliminate ownership disputes.

🧑‍💻Of course, all the data needs to be verified before it is entered into the blockchain ledger, but once it is recorded, there is a better guarantee of ownership based on an immutable record of the transaction.

🌐Many governments are already taking efforts to migrate their land registries to blockchain networks and thus secure ways to store and easily access ownership right records.

🔷The use of Relictum Blockchain largely cuts financial costs and speeds up transactions.

➡️Presentation of Relictum Blockchain and real estate market.

⏺News digest December 12, 2022

⭐️Elon Musk: it will not be a problem to introduce crypto-payments on Twitter

⭐️Europe will soon launch the first fully regulated and licensed EUROe-pegged stablecoin

⭐️Trading volumes on decentralized crypto exchanges have grown significantly amid the collapse of FTX

⭐️The degree of capitulation in the market has reached historical record sizes and extremes, which historically coincided with the formation of a bottom in BTC

⭐️Starting December 15, ByBit crypto exchange will introduce restrictions for users without KYC

⭐️In Russia, they began to identify illegal miners in residential buildings. It learned to do this by the volume of energy consumption and changing the load profile

🔷 #RelictumDev. Relictum DEX Update

Dear Relictum Blockchain Community,

🔅 We are releasing a Relictum DEX update, which involves security improvements and implementation of platform scaling tools.

📱 The updated DEX is currently being prepared for testing. After that, it will be available on the mainnet.

⏺ Follow the news to stay up to date with the latest Relictum Blockchain events!

Blockchain and real estate. Marketplaces with token support

🟡Tokenization can offer more opportunities than ensuring the distribution of financial and data flows.

⚡️It can also help create more liquid and transparent commercial real estate exchanges. Such exchanges would improve trading opportunities, ownership, and management of real estate and investment portfolios.

🏠A problem arises in case of investing in shares of property, because it is very difficult to sell such a share. Blockchain technology can solve this problem the most efficiently through the tokenization of assets, as the process of the token liquidation is much simpler and cheaper.

🔝A regulated real estate market based on blockchain could allow investors to trade their assets (tokens) more easily.

🔷The use of Relictum Blockchain largely cuts financial costs and speeds up transactions.

➡️Presentation of Relictum Blockchain and real estate market.

⏺News digest December 13, 2022

⭐️China showed a digital yuan with a reset function if it did not have time to spend money within the allotted time

⭐️USDD stablecoin from TRON again lost its peg to the dollar

⭐️Fraudsters offer services for the withdrawal of cryptocurrency from accounts blocked on exchanges with a commission of 35% -85%. But more often they take 100% 🚨

⭐️US authorities have opened criminal cases against Bankman-Freed, and the Bahamas intend to extradite him as soon as US officials demand it.

⭐️The VK NFT service launched on Monday for transferring NFTs to the social network is already working with the Ethereum and Polygon blockchain platforms, and will work with the TON blockchain platform next year

⭐️The Financial Stability Board (FSB) will take action to regulate the crypto industry in early 2023. FSB Ready for Rapid Implementation of Global Crypto Standards

Blockchain and real estate. Standardized data about property

⛔️The current global ecosystem consists of multiple isolated and disparate real estate information networks with little to no interoperability among them and other systems.

🔎While access to data about property is essential for selling or renting, agents and firms have to struggle to access information about property through a range of domestic systems, as well as external services at the local, regional, national, and international levels.

🛡Blockchain technology allows processing, exchanging, and controlling the data flow — thus, independent and even competing parties can share real estate information with each other without ever transferring ownership or control of their data to any central authority.

🔷The use of Relictum Blockchain largely cuts financial costs and speeds up transactions.

➡️ Presentation of Relictum Blockchain and real estate market.