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India Now Has The Third-Largest Web3 Talent

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According to a new survey that was just released by the National Association of Software and Services Companies (NASSCOM), an organization based in India that has more than 3,000 members, the study found that the nation now boasts 11% of the world’s Web 3.0 talent.

Due to this statistic, India is now the third biggest country in the world in terms of its Web 3.0 profession, since the country is now home to almost 75,000 blockchain specialists.

In addition, the industry association forecasts that the available pool of talent will expand by more than 120% over the next 2 years.

Peer-to-peer networking and decentralized technology are the two pillars around which Web3 is built. This allows Web3 to enable use cases that, in Web2, were often centrally managed and executed in an opaque manner.

The fast adoption of cutting-edge technologies in India, together with its expanding startup environment and the country’s large-scale potential for digitally competent labor, are the perfect building blocks for India to emerge as a prominent participant in the global Web3 scene.

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India’s place in the global Web3 landscape is being solidified by the country’s rapid adoption of cutting-edge technologies, its thriving startup ecosystem, and its vast pool of potentially digitally skilled talent.

It is encouraging to see that both private and public sector actors in India are exploring practical applications of blockchain technology in fields as diverse as health and safety, finance, enterprise technology, land registry, and education.

Punjab Launches Web 3.0 Group To Investigate Its Possibilities

As part of its efforts to enhance its operations, the state of Punjab, which is located in the northern part of India, has focused its attention on distributed ledger technology, also known as DLT.

Chaudhry Parvez Elahi, the Chief Minister of the state, has established a committee with 22 members with the mission of investigating the possibilities offered by the web3 ecosystem.

It has been claimed that the committee would engage a wide variety of stakeholders from the business world, academic institutions, and the government in order to arrive at a comprehensive road map and specific action items for the implementation of the Web 3.0 ecosystem.

The post India Now Has The Third-Largest Web3 Talent appeared first on The Cryptocurrency Post.

Sky is a seasoned cryptocurrency expert with a passion for blockchain technology and digital finance. With years of experience in the crypto industry, he has authored insightful articles on market trends, emerging technologies, and investment strategies. His work has been featured in leading crypto publications, helping both beginners and seasoned investors navigate the complex world of digital assets. Sky is dedicated to providing readers with accurate, up-to-date information to make informed decisions in the rapidly evolving crypto space.

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StarkWare’s Million-Dollar Vision: Scaling Bitcoin with Zero-Knowledge Technology

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TL;DR

  • StarkWare has announced an initiative to scale Bitcoin and Ethereum using zero-knowledge (ZK) technology, backed by a $1 million research fund. The initiative aligns with Satoshi Nakamoto’s vision of enabling everyday micropayments.
  • The Bitcoin community is considering a technical proposal known as OP_CAT. If approved, it could enable potential STARK scaling on the Bitcoin blockchain. StarkWare supports OP_CAT and describes it as “the safest path for Bitcoin to scale.”
  • StarkWare recently introduced a new scaling framework, ZKThreads, which could prevent trapped funds and enhance the scalability of decentralized applications.

StarkWare, a leading blockchain technology company, has announced a bold initiative to bring Bitcoin to the masses. Backed by a $1 million research fund, the company aims to use zero-knowledge (ZK) technology to scale Bitcoin and Ethereum simultaneously.

The initiative is centered around Scalable Transparent Argument of Knowledge (STARK) cryptography, a form of ZK technology. StarkWare’s announcement aligns with Satoshi Nakamoto’s vision of enabling everyday micropayments and creating a scalable solution to support global Bitcoin transactions.

StarkNet, a recognized permissionless and decentralized rollup for Ethereum, will serve as the cornerstone for the scaling solution of Bitcoin and Ethereum. Rollups function by consolidating hundreds of thousands of transactions off-chain, and then validating them on-chain at a significantly reduced cost.

StarkWare CEO and co-inventor of cheat-proof ZK cryptography, Eli Ben-Sasson, stated in a press release, “Bitcoin today is mighty, but still a fraction of what it can be.”

Boasting a valuation of $8 billion from its latest funding round, StarkNet declared that it initiated trials of zero-knowledge proofs on Bitcoin back in March. This followed their pledge to release their technology under an open-source license.

StarkWare’s Million-Dollar Vision: Scaling Bitcoin with Zero-Knowledge Technology

The Potential of OP_CAT

The Bitcoin community is currently considering a technical proposal known as OP_CAT. If approved, it could pave the way for potential STARK scaling on the BTC blockchain. Ben-Sasson expressed StarkWare’s support for OP_CAT, describing the OP_CAT Bitcoin soft fork as “the safest path for Bitcoin to scale.”

Introducing ZKThreads

This announcement follows StarkWare’s recent introduction of a new scaling framework, ZKThreads. Louis Guthmann, head of product/market strategy at StarkWare, believes that the framework can prevent trapped funds and enhance the scalability of decentralized applications, potentially preventing a recurrence of incidents like the FTX-Alameda collapse.

StarkWare’s ambitious plans demonstrate the potential of ZK technology to unlock and benefit Bitcoin and the broader blockchain community. As the company seeks to promote research into OP_CAT, the future of Bitcoin could be on the brink of a significant transformation.

The post StarkWare’s Million-Dollar Vision: Scaling Bitcoin with Zero-Knowledge Technology appeared first on The Cryptocurrency Post.

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New Features and Integration: Katana DEX Enhances User Experience on Ronin

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TL;DR

  1. Integration and Simplified User Interface: Katana DEX, Ronin’s decentralized exchange, has been integrated into Ronin Apps, centralizing various services on app.roninchain.com. This integration simplifies the user interface.
  2. Wrapped RON (wRON): Users can now wrap RON into Wrapped RON (wRON) directly from the Katana DEX and the Ronin Wallet. This update simplifies the wrapping process, enhancing security and convenience.
  3. Innovation Zone and Expansion: Katana plans to introduce the Innovation Zone, providing a safer space for users to access newer, more volatile tokens and opportunities for third-party builders to launch new tokens. Since its launch in 2021, Katana has supported liquidity for various game tokens.

Ronin’s decentralized exchange, Katana, has introduced significant updates to improve user experience and expand functionality. The platform, which allows users to swap, pool, and farm tokens, has now been integrated into Ronin Apps, centralizing various services on app.roninchain.com.

Simplified User Interface: The integration brings a simplified user interface, making it easier for new users to navigate the ecosystem. All functionalities, including swapping, pooling, farming, bridging, and staking, are now accessible from one location. This update eliminates the need to use separate platforms for different actions, streamlining the process for users.

Wrapped RON (wRON): Another key update is the ability to wrap RON into Wrapped RON (wRON) directly from the Katana DEX and the Ronin Wallet. wRON is essential for making offers on Mavis Market and participating in Ronin ERC20 token launches. The update simplifies the wrapping process, enhancing security and convenience.

The Innovative Features that Will Proppled Katana DEX to the Future

New Features and Integration: Katana DEX Enhances User Experience on Ronin

Legacy Website Redirection: The legacy Katana website will soon redirect users to app.roninchain.com, with the transition expected to be completed by May 7th, 2024. This change will unify the user experience across mobile and desktop browsers.

Innovation Zone: Looking ahead, Katana plans to introduce the Innovation Zone before the end of summer. This new feature will provide a safer space for users to access newer, more volatile tokens. It will also offer opportunities for third-party builders to launch new tokens and for users to create new liquidity pools.

Growth and Expansion: Since its launch in 2021, Katana has supported liquidity for various game tokens, including Pixels, Apeiron, and Play & Kollect. The integration with Ronin Apps is a strategic move to simplify user interactions and lay the foundation for further growth.

The updates to Katana DEX reflect Ronin’s commitment to enhancing user experience and fostering innovation within its network. As the platform continues to evolve, it promises to bring exciting new opportunities for users and developers alike.

The post New Features and Integration: Katana DEX Enhances User Experience on Ronin appeared first on The Cryptocurrency Post.

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Tether Unveils Official Recovery Tool Amidst Market Cap Milestone

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TL;DR

  1. Tether, the issuer of the world’s largest stablecoin USDT, has launched an official recovery tool to help users transfer their USDT holdings from unresponsive blockchains, ensuring continuous availability and safety of USDT.
  2. The recovery tool provides a user-friendly interface for verifying ownership and migrating USDT to supported blockchains, offering a simple solution for potential challenges within the blockchain network.
  3. Tether’s recovery tool works seamlessly with widely used browser extension wallets and hardware wallets such as Ledger and Trezor, reflecting the company’s commitment to user safety, service continuity, and cross-functionality.

Tether, the issuer of the world’s largest stablecoin USDT, has announced the launch of an official recovery tool. This tool is designed to help users transfer their USDT holdings from blockchains that are currently unresponsive. This move is part of Tether’s commitment to ensuring the continuous availability and safety of USDT for all its users worldwide.

The announcement comes at a time when USDT reached a significant market capitalization milestone of $100 billion on March 4th. This represents a notable growth of 9% year-to-date. The recovery tool offers a user-friendly interface for verifying ownership and migrating USDT to supported blockchains, thereby ensuring uninterrupted access to funds.

The recovery tool offers a simple remedy for potential challenges within the blockchain network, enabling users to transfer their USDT to a different blockchain that is supported. This aligns with Tether’s philosophy of maintaining the utility, security, and accessibility of USDT across multiple blockchains.

Tether’s Recovery Tool: Seamless Integration with Browser Extension Wallets

Tether Unveils Official Recovery Tool Amidst Market Cap Milestone

The recovery tool features a friendly interface that allows users to quickly verify their addresses on an unresponsive blockchain and choose a recipient address on an alternate supported blockchain. The tool can be used through web and command-line interfaces, catering to a variety of user preferences.

This system is designed to work seamlessly with widely used browser extension wallets and hardware wallets such as Ledger and Trezor, ensuring a secure and straightforward process. Tether prioritizes cross-functionality and ease of access, demonstrated by the availability of USDT on nearly 15 different blockchains, including but not limited to Bitcoin, Ethereum, Polygon, Solana, Tron, and Tezos.

The company conducts stringent due diligence before partnering with a new blockchain to evaluate potential risks and threats, reflecting its proactive approach to risk management and operational resilience. 

Tether’s development of the recovery tool underscores the company’s commitment to user safety and service continuity, particularly in emerging markets and developing countries where USDT is prevalent in daily financial transactions. 

The firm’s announcement underscores the importance of ensuring USDT’s availability and security in all conceivable situations, including those that affect the functioning of blockchains.

The post Tether Unveils Official Recovery Tool Amidst Market Cap Milestone appeared first on The Cryptocurrency Post.

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