Tag: blockchain

News

Adoption of ERC-3643 by the Ethereum Community: A Standard for Compliant Asset Tokenization

The Ethereum Improvement Proposal ERC-3643 has been officially endorsed by the Ethereum community, establishing a standard for compliant tokenization of real-world assets. This comprehensive proposal incorporates a self-sovereign identity framework and two permission layers to enhance security and compliance. Asset tokenization offers benefits such as increased liquidity and faster settlements, with a projected market value of $10 trillion by 2030.

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News

The Rise of Web3: Transforming Consumer Loyalty Programs

Consumer retail spending remains strong, with online Black Friday sales hitting $10 billion, amid inflation. The rise of web3 technology is reshaping loyalty programs, with brands utilizing blockchain to offer NFT-based rewards. This enables customers to own, transfer, and even sell their loyalty rewards, fostering deeper engagement and driving brand profitability in 2024.

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Bitcoin

The Evolution of Bitcoin: A Look Beyond Nakamoto’s White Paper

The evolution of Bitcoin has deviated from Satoshi Nakamoto’s original vision, with mining centralization and technological advancements altering its mechanics. Improvement proposals like P2SH, SegWit, and Taproot have enhanced usability and scalability. The trading market has grown complex, with traditional investment instruments and DeFi impacting Bitcoin’s ecosystem, expanding its use beyond Nakamoto’s vision.

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NFT

The share of decentralized finance (DeFi) in the cryptocurrency market witnessed an 18% increase in November

In November, DeFi’s market share grew by 18%, reaching 4.44%, driven by projects like THORChain and Uniswap. Total value locked in DeFi protocols rose by 14%, expected to surpass $50 billion. Ethereum dominates with over 56% TVL share. Liquid staking hit $27 billion, largely from Lido Finance. The cryptocurrency market cap jumped from $1.28 trillion to over $1.6 trillion in December.

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