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Los Alamos Scientists Develop AI to Fight Cryptojacking

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Ampleforth Goes Multichain with New TRON and Polkadot Partnerships

As decentralized finance moves across chains, the Ampleforth Foundation has announced that AMPL will expand beyond Ethereum with three new blockchain integrations; TRON, Polkadot, and NEAR. Ampleforth has attempted to ‘reinvent money’ through its native token, AMPL, which has been designed to be used as DeFi collateral and as an alternative base-money for the crypto-economy. … Continued

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As decentralized finance moves across chains, the Ampleforth Foundation has announced that AMPL will expand beyond Ethereum with three new blockchain integrations; TRON, Polkadot, and NEAR.

Ampleforth has attempted to ‘reinvent money’ through its native token, AMPL, which has been designed to be used as DeFi collateral and as an alternative base-money for the crypto-economy. It has created a flexible currency that can accommodate both inflation and deflation.

AMPL is a digital currency that can be used to denominate stable contracts due to its elastic supply policy. Unlike Tether, DAI, USDC, and other stablecoins, it does not rely on centralized collateral.

Recognizing that not all of DeFi takes place on Ethereum now (though the majority of it still does), Ampleforth has moved toward its original goal of a multichain protocol;

Ampleforth Onboards TRON, Polkadot, and NEAR

TRON founder Justin Sun stated that the TRON ecosystem is ‘obsessed’ with cutting-edge DeFi assets and capabilities, and excited about the integration with Ampleforth, adding;

“We expect deep liquidity pools to form early on in order to support widespread use for trading and collateral as soon as possible.”

TRON has yet to feature much in this year’s DeFi boom with Ethereum remaining at its roots. Decentralized application usage has increased for the network but it remains a rather bizarre ecosystem in terms of DeFi.

TRON Justin Sun TRX

Polkadot is another so-called ‘Ethereum killer’ that has yet to live up to its reputation. Yes, it has a much faster throughput, but very few appear to be actually using it. Jack Platts, the co-founder of Hypersphere Ventures, a Polkadot-focused venture firm, was optimistic about the new partnership;

“Ampleforth becoming the first chain-independent pure money is the type of big thinking and daring experimentation we look for in projects.”

NEAR, on the other hand, is a relatively unknown open-source decentralized application development platform with a focus on DeFi and cross-chain compatibility. Its role in the partnership will be in dApp development and building scalable solutions for the sector.

AMPL Price Update

Ampleforth’s native AMPL token trading slightly down on the day at $1.64, but over the past week, it has performed solidly with a 20% increase in price.

AMPL prices hit their peak in mid-July when they topped $3.80. Since then markets have contracted by around 60% to current levels. However, just like many DeFi-related tokens, markets are in recovery at the moment.

TRX prices have remained mostly flat on the day, trading for $0.031 while DOT has fallen slightly to $5.41.

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Martin Young

Martin has been writing on cyber security and infotech for two decades. He has previous trading experience and has been actively covering the blockchain and crypto industry since 2017.

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Source: https://beincrypto.com/ampleforth-goes-multichain-with-new-tron-and-polkadot-partnerships/

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ABEY Chief Scientist Highlights the Future Of Crypto At Future Blockchain Summit Dubai

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When Bitcoin ballooned to $20,000 the last time around, the network became so congested, slow transactions put a damper on the excitement surrounding the cryptocurrency industry, and the hype and the valuations it drove all came crashing down.

A similar situation happened over the summer with Ethereum, where gas fees for using the smart contract platform became outrageously expensive due to how congested the network was. And with Bitcoin embarking on a bull run again any day now, there’s a chance the cryptocurrency is destined for the same fate considering how few advances in speed or cost savings have rolled out since the last peak.

The solution to the ongoing throughput problems plaguing crypto will soon be the focus of a speech at the upcoming Future Blockchain Summit in Dubai. Here’s everything you need to know about the ABEY token, why it is taking the mainstream crypto market by storm, and why Dr. Ciprian Pungila’s speech is a can’t miss upcoming moment in the blockchain industry.

Scaling Problems From Last Crypto Peak Remain, But Change Is Here

Bitcoin and other popular cryptocurrencies are driven by speculation, and while there is no denying the technology has incredible potential and how powerful the implications of blockchain can be, the current transactions per second these massive cryptocurrency networks can handle is tiny compared to giants like VISA and Mastercard.

So if Bitcoin and Ethereum are slow, clunky, and can’t scale well, the chances of them actually unseating the current finance crown wearers are slim-to-none. It has since turned even the Bitcoin crowd toward the store of value narrative, and the user base has chosen to ignore its use as a business and e-commerce solution for the future.

It has left these cryptocurrencies vulnerable to becoming the next MySpace in the world of Facebook and Twitter. However, a solution to the problems plaguing these top assets could soon be widely known, as the ABEY token picks up in price and momentum, and just as the token’s co-founder Dr. Ciprian Pungila takes the stage at the Future Blockchain Summit in Dubai on December 6 through 9.

Dr. Ciprian Pungila To Present ABEY Roadmap, Review Key Blockchain Breakthroughs

The ABEY Foundation co-founder and chief scientist will lead a speech outlining the future of finance: ABEY – a business-scale blockchain solution with unique and rare features in the crypto world.

ABEY Research associate Alexe Spataru will support Dr. Ciprian Pungila to deliver a presentation outlining the most important features that help set ABEY apart from the likes of Bitcoin and Ethereum. There, an updated roadmap for the token and the self-sustaining ecosystem will also be a significant focus of the speech.

ABEY is an innovative token for the crypto industry, able to process thousands of transactions per second, on par, and even beating out major centralized payments companies. And unlike most cryptocurrencies, ABEY allows for refunds – a first for the crypto market, making it even more ideal for the massive, global e-commerce industry.

Fundamentally, ABEY is showing rapid adoption and proliferation of user wallets, already reaching a milestone of 100,000 unique wallets. Early adopters recognizing ABEY’s potential have helped grow the token’s value organically from the first mining price of $0.001 per abey.org. Also, be sure to check out Dr. Ciprian Pungila’s groundbreaking presentation regarding the future of the crypto industry coming up this weekend from December 6 through 9.

Source: https://www.newsbtc.com/news/company/abey-chief-scientist-highlights-the-future-of-crypto-at-future-blockchain-summit-dubai/

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Why Hybrid Blockchains Are Simply Good for Business

The benefits for business delivered by hybrid blockchain models are exponential. A hybrid chain model seamlessly incorporates two integrated chains — one public and one private — allowing businesses to utilize the immense benefits brought by integrated public and private blockchains. Businesses are afforded enhanced security measures through hybrid chains, while also allowing for direct … Continued

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Antony Welfare, chief commercial officer at NEM Software, shares his thoughts on the benefits of the integration of hybrid blockchain-enabled solutions into e-commerce and businesses.

The benefits for business delivered by hybrid blockchain models are exponential. A hybrid chain model seamlessly incorporates two integrated chains — one public and one private — allowing businesses to utilize the immense benefits brought by integrated public and private blockchains.

Businesses are afforded enhanced security measures through hybrid chains, while also allowing for direct communication between the business and the consumers through the open ledger synonymous with effective blockchain solutions. 

Above all else, hybrid blockchain solutions allow for a “best of both worlds” scenario that offers more flexibility to businesses in how they manage and share data. Data usage is at the forefront of consumers’ minds, and businesses can build trust and loyalty by offering a solution that places paramount importance on transparency. 

How are hybrid blockchains different from public and private chains?

In order to fully understand the unique benefits brought by utilizing hybrid chain solutions, it is important to understand both public and private chain solutions. A public blockchain is an open network that allows any user to join and participate in the network. Conversely, a private blockchain is one which an enterprise only allows specific users access through the explicit confirmation of permission. 

A hybrid blockchain is one which is built as one chain; a public blockchain network is available to access by consumers, while a private blockchain network is established for the management of information, data, and the corporate stakeholders overseeing the transactions in question.

The amalgamation of both public and private chains is rapidly becoming a focal point of blockchain-enabled enterprise, with Symbol from NEM redefining what blockchain looks like for the next generation of business.

Hybrid blockchain solutions will enable businesses to simultaneously benefit from the much-beloved transparency that public chains offer, while also permitting data restrictions and encryption measures to be put in place for more sensitive or confidential information. They also allow businesses to transact with third parties, which thoroughly enhances the customer experience. This allows for benefits such as loyalty rewards programs, that are becoming increasingly popular on hybrid platforms. 

In situations where information needs to be shared with a third party, for instance, an insurance broker sharing customer information with the underwriter, hybrid chain solutions allow for the data to be automatically shared in a safe way that guarantees the security of the customer’s information.

The data also cannot be manipulated by any party due to the immutable nature of blockchain solutions. Its transferable and transparent nature allows for enhanced ownership tracking, ensuring all parties are aware of the status of the data at all times.

This results in significant savings for businesses as oversight and litigation costs are often deemed unnecessary. Hybrid blockchain solutions are also fast, resilient, and require very low maintenance, which further reduces the costs incurred on all businesses, especially for complex enterprises. 

E-commerce companies to embrace hybrid blockchain-enabled solutions

The current pandemic has prompted an increasing number of businesses to move from traditional brick and mortar frameworks to embracing e-commerce platforms. Fears amongst the general public of shopping in physical shops or outlets on high street have had a profound impact on the demand for e-commerce.

Traditional outlets have been shuttered across the world, while e-commerce is expected to grow by up to 20 per cent in 2020 alone. Walmart has experienced a 97 per cent increase in online sales, whereas Amazon has seen a 40 per cent uptick in its business. This shift towards e-commerce is likely to have long standing implications for the industry, meaning that many people will embrace e-commerce as their go-to for years to come. 

Traditional outlets are gearing up for what is expected to be a significant surge in demand this holiday season, although e-commerce websites need to establish trustworthiness if they are to become the new normal. Hybrid blockchain solutions bring with them significant positive benefits for e-commerce and can ensure this trust is achieved.

E-commerce businesses can utilize public chains to facilitate consumer-facing or peer-to-peer transactions, while private chains can operate in tandem by limiting access or visibility to certain parties with required permissions. This allows only certain parties the right to view or modify important data.

Time will tell how willing e-commerce companies and businesses are to embrace technologies such as hybrid blockchain-enabled solutions. Businesses across the world are already realizing the immense benefits of hybrid blockchain solutions.

The savings brought with the implementation of hybrid chain models, along with the magnitude of the enhancements to the customer experience and the speed of operation are game-changing developments in this burgeoning industry. Above all else, the potential trust instilled in all involved stakeholders due to the nature of these solutions will revolutionize the way people shop and sell all across the world.

NOTE: The views expressed here are those of the author’s and do not necessarily represent or reflect the views of BeInCrypto.

Written by Antony Welfare, CCO of NEM Software. Antony has 20 years experience in retail and emerging technology. As former Innovation Strategy Director at Oracle, he developed their Go To Market strategy for blockchain apps in the EMEA region. He also served as Managing Director of DXC Technology, a global technology consultancy, where he led their blockchain practice.

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Source: https://beincrypto.com/why-hybrid-blockchains-are-simply-good-for-business/

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