Decentralized

WazirX's Decentralized Exchange Plan After Record Crypto Theft

Thursday. November 7 at 4:00 AM

1 min. read

WazirX plans to launch a decentralized exchange (DEX) following a $235 million hack in July. The DEX aims to enhance user security by offering full control over assets. The exchange faced backlash for freezing user balances post-hack, leading to a reversal of the decision. WazirX's move to a DEX model reflects a broader trend towards decentralized platforms amid growing security concerns. The exchange is also seeking a third-party custodian with fund insurance. India may ban private cryptocurrencies in favor of CBDCs, while fraudsters impersonate officials to scam investors. WazirX co-founder Nischal Shetty emphasizes resolution, recovery, and restructuring efforts. CryptoSlate provides comprehensive crypto news and insights, focusing on Bitcoin, DeFi, and AI. Readers are advised to conduct their own research before engaging in cryptocurrency activities.

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Decentralized Science: Revolutionizing Research with Blockchain Technology

Tuesday. December 24 at 9:00 PM

Decentralized science, known as DeSci, has been gaining momentum in the crypto community by utilizing blockchain technology and tokenized funding to revolutionize research practices. VitaDAO's Maria Marinova sheds light on DeSci's innovative funding model, which incorporates decentralized autonomous organizations (DAOs) for transparency and governance. DeSci leverages blockchain, tokens, NFTs, and DAOs to enhance scientific collaboration, incentivize contributions, and enable community-driven decision-making. By providing financial incentives through token rewards and reputation systems, DeSci encourages reliable scientific work. Projects like Pump.Science and VitaDAO exemplify the success of DeSci in democratizing research funding and ownership. Despite challenges such as adoption barriers and intellectual property concerns, DeSci has the potential to bridge the gap between traditional science and decentralization, creating a hybrid model that combines the rigor of traditional science with the inclusivity of Web3.

Decentralized

The Rise and Challenges of Decentralized AI

Monday. December 23 at 6:00 PM

In 2024, the decentralized AI sector experienced remarkable growth, with investors injecting $436 million into the field, a 200% surge from 2023. This growth aligns with the global AI market's $214 billion market cap. The fusion of AI and blockchain is reshaping their development and accessibility. Decentralized AI integrates AI into systems emphasizing distributed ownership and governance, unlike centralized models. Investors are increasingly supporting decentralized AI startups, with projects like SingularityNET leading the way. The merger of SingularityNET, Fetch.ai, and Ocean Protocol aims to democratize AI access. Challenges such as scalability, trust, and data privacy hinder decentralized AI's progress. However, its potential to address privacy concerns and offer shared ownership of AI agents drives its growth. To succeed, decentralized AI must focus on real-world applications and sustainable infrastructure, prioritizing utility over hype.

Decentralized

Transforming Decentralized Physical Infrastructure Networks

Tuesday. December 17 at 2:00 PM

Decentralized Physical Infrastructure Networks (DePin) are revolutionizing the tech industry by facilitating decentralized projects in real-world infrastructure. Recent developments in the DePin sector include VanEck investing $2.5 million in DAWN for decentralized wireless service, IoTeX joining the Blockchain Association for DePin advocacy, Exabits securing $15 million in seed funding, and more. VanEck's investment in DAWN, a DePin Project focusing on creating a decentralized wireless service provider, highlights the potential for competition with traditional ISPs. Exabits, an AI GPU tokenization startup, received $15 million in seed funding, leading to a $150 million valuation and a 300% revenue increase. IoTeX's unique approach involves advocating for friendlier regulations by joining the Blockchain Association. Karrier One also launched decentralized WiFi hotspot devices to enhance DePin Internet access. These advancements signify a shift towards decentralized infrastructure innovation and collaboration with policymakers in the DePin ecosystem.

Decentralized

Revolutionizing Digital Identity: Dentity Acquires Trinsic's Assets

Friday. December 13 at 10:00 AM

In a significant move, Dentity has acquired Trinsic's decentralized identity assets, paving the way for enhanced Web3 identity solutions. This acquisition marks a milestone in advancing decentralized identity infrastructure globally. Dentity aims to empower individuals by giving them full control over their digital identities, a stark contrast to the dominance of Big Tech in data control. By joining Trinsic's Identity Acceptance Network, Dentity gains access to a vast consumer base, enabling seamless identity verification through digital IDs. The increasing demand for decentralized digital identity solutions is evident, with consumers seeking more privacy-driven options. This acquisition positions Dentity to tap into the multi-billion dollar digital identity market, projected to reach $325 billion by 2027. With a focus on empowering individuals and combating online fraud, Dentity is poised to lead the way in revolutionizing digital trust online.

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