Thorchain Set to Launch Trustless, Cross-Chain Crypto Trading – CoinDesk

Thorchain Set to Launch Trustless, Cross-Chain Crypto Trading – CoinDesk

Thorchain, a standalone blockchain for decentralized crypto trading, is set to go live Tuesday, potentially lubricating the gears of a global $2 trillion market six months into a bull run.

Three years in the making (a lifetime in crypto), Thorchain works a lot like other automated market makers (AMMs) such as Bancor and Uniswap, but with an important difference: it enables trades of real cryptocurrencies from completely different blockchains – not “wrapped” or synthetic versions. With each new blockchain that can trade over Thorchain, the so-called “chaosnet” expands.

“April 13 is delivering on the initial promises of the white paper: Delivering on a multichain chaosnet,” Chad Barraford, the technical lead at Thorchain told CoinDesk in a phone call. “You’ll be able to swap freely from one chain to another, one asset to another.”

If it works as intended, users will be able to make such swaps with real currencies (not an ersatz version like wrapped BTC on the Ethereum network) and without having to trust an intermediary. AMMs have been the leading kind of decentralized exchange (DEX) that are key to the decentralized finance (DeFi) boom on Ethereum, the second-largest blockchain. 

Bringing trustless trading to many of the biggest chains while skipping the friction of making a copy of a coin on one chain seems likely to drive a lot of

Blockchain could play an important role in future agriculture and food security – The Conversation CA

Blockchain could play an important role in future agriculture and food security – The Conversation CA

Global food supply chains proved brittle during the COVID-19 pandemic, leading for calls to boost the resilience of global food supply chains through improved efficiency in production, distribution and consumption of nutritious food. How could technologies like blockchain that provide data to producers, distributors and consumers be part of the solution?

Big data applications may present opportunities to address inefficiencies from farm to table and improve global food security.

Blockchain, a linked decentralized database that stores auditable data throughout entire supply chains, may change the game for food producers across the globe.

The Food and Agriculture Organization reviews challenges and opportunities for agrifood systems.

With global-scale food systems such as seafood, nearly 40 per cent of which is traded globally, data transparency and traceability through technologies like blockchain are important for socially and environmentally conscious decision making and to facilitate trust among stakeholders.

Gathering information

Blockchain technologies can be used to consolidate information on the quality of the seed, track how crops grow and record the journey once it leaves the farm. In Canada, for example, Grain Discovery – an online blockchain marketplace – is an example of data being leveraged by those involved in the food system to grow and market globally competitive crops.


Coinbase’s Lofty Valuation Might Erode as Crypto Markets Mature – The Wall Street Journal

Coinbase’s Lofty Valuation Might Erode as Crypto Markets Mature – The Wall Street Journal

Cryptocurrency giant Coinbase Global Inc. is gearing up for what investors expect to be a blockbuster stock-market debut, though doubts persist about its lofty valuation.

Coinbase plans to go public Wednesday through a direct listing on the Nasdaq Stock Market . The company, which runs the largest U.S. exchange for bitcoin and other digital currencies, could achieve a bigger market capitalization than any of the world’s traditional exchange operators. But it faces a number of threats, including competition in the fast-evolving cryptocurrency industry, that could undermine its stock price in the long run.

Based on the price of Coinbase shares in private-market trading earlier this year, the company is worth $91.5 billion on a fully diluted basis, securities filings show. And Coinbase reached that valuation even before releasing blowout results for the first quarter, when it benefited from a huge rally in the price of bitcoin.

During the first three months of 2021, Coinbase attracted 13 million new users and estimated it generated earnings of $730 million to $800 million on revenue of $1.8 billion. Even at the lower end of that earnings range, that’s more than twice its profit for all of last year.

The Role of Blockchain and Decentralization in the Digital Economy –

The Role of Blockchain and Decentralization in the Digital Economy –

Madhav Kunal Hacker Noon profile picture

Blockchain is a key emerging technology in realizing the full potential of the digital economy along with other emerging technologies and paradigms such as 5G, IoT, Cloud, AI, etc.

Blockchain is very interesting in and of itself however, because of it’s potential not only technology-wise but economics-wise.

How Blockchain Disrupts Governance Models

Blockchain disrupts many economic models we have today such as shareholder capitalism in US and social-market models such as in China. Especially Public Blockchains which are open-source and hybrid or decentralized which disrupt organization models we have today with steep hierarchies to more flatter organizations and as we change the dynamics from few larger firms to more smaller firms. This is a key impact in moving from shareholder capitalism to multi-stakeholder capitalism during Industry 4.0 and the 4th Industrial Revolution as we move from the Industrial Economy to the Smart Economy.

Public Blockchains have mainly been associated with cryptocurrencies only, however they are much more expansive than just cryptocurrencies. Public Blockchains that can onboard millions of open-source developers successfully are resulting in innovation in the way organizations are built, in the way financial services are offered and in the way employees and community members collaborate to more flatter, decentralized, digitized and open-source mechanics.

Bitcoin: A Peer-to-Peer Electronic Cash System | Satoshi Nakamoto