Connect with us

Blogs

Cardano venturing into new territories with VR enabled Blockchain education

Published

on

Cardano
READ LATER - DOWNLOAD THIS POST AS PDF

There is no denying that we are living in a fast-paced world of technological advancements. For instance, Virtual Reality has come a long way and currently, there are all sorts of VR experiments going on in the education space where the technology is being used to explore and study virtual concepts as tangible objects. In fact, the Cardano team is already at work in this sector.

Cardano is making bold moves into these uncharted territories with a bid to create the first of its kind 3-D environment that will enable users to navigate and explore tangible concepts of Blockchain technology. Granted, the world has already had a fair introduction to Blockchain technology with the advent of Bitcoin, however, this new project is set to allow people to understand specific details.

The Symphony of Blockchain project

If word from IOHK is anything to go by, the complexity of both Blockchain and the current state of VR makes up a perfect combination for a space that is ripe for disruption. Charles Hoskinson, the CEO at IOHK, mentioned that

IOHK has a commitment to both education and design

He also added that the move to use VR to educate people on Blockchain technology is “beautiful as much as it is functional and our hope is that it will help make Blockchain truly understandable for a whole new audience”.

The plan by IOHK (the organization backing the Cardano project) is to give the world a top gift that will enable visual and understanding of Blockchain technology using captivating VR technology.  People will be able to interact with the hidden concepts that make up Blockchain technology in an entertaining and easily digestible manner.

After all, IOHK is already enabled with interactive and imagery text features that allow visitors to its website to dig deep into understanding what Bitcoin is with clickable Bitcoin blocks and music that deliver detailed information and understanding.

Taking Blockchain understanding further

IOHK is working closely with a creative studio based in the UK in a project termed the Symphony of Blockchain, to create a web-based experience that will be a combination of an auditory as well as visually interactive experience that allows people to explore the concept of cryptocurrencies and Blockchain technology.

According to the projects team leader, the journey so far has been fascinating as the team has had the opportunity to “learn a lot about this underlying technology and sort of finding it a metaphor in which we can use this as a means for people to compare different cryptocurrencies”.

He also added that the team behind the project is poised to make the experience a once in a lifetime event that will eventually educate users and give them the tools they need to adequately compare cryptocurrencies such as Bitcoin, Cardano, IOTA and the likes. Users will also be able to understand the concept of forks and even go back to specific dates when the forks happened and get complete details in a fun and entertaining manner.

For the latest cryptocurrency news, join our Telegram!

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

Image courtesy of Pexels

Blogs

Reasons Why You Are Much Safer When Crypto Trading on Dexes

Published

on

DEXes
READ LATER - DOWNLOAD THIS POST AS PDF

While many cryptocurrencies aim to bring the change to the world by bringing full decentralization, one aspect of the crypto space still remains mostly centralized, and that is the way they are exchanged. Most crypto exchanges are centralized companies, where traders and investors need to deposit their coins for safekeeping. This is a risky way to handle the funds, as exchanges remain susceptible to hacks and theft, as many realized recently, after the hack of the world’s largest exchange by trading volume, Binance.

During the hack, around 7,000 BTC (over $40 million) was taken, and sent to multiple wallets, never to be seen again — for now, at least. The hack also came as quite a shock, as Binance was known for its efficiency, security, and high levels of confidence. It also made people realize that their coins are not really theirs if they need to rely on third parties, such as exchanges, to keep them safe. As a result, many are now turning away from centralized exchanges, and are heading towards decentralized ones — also known as DEXes.

Here are some reasons why you might want to consider doing the same.

1. True ownership of your coins

The crypto community has a saying: “not your keys, not your coins.” The saying is now more relevant than ever, but it does not apply on DEXes. Decentralized exchanges

Continue Reading

Blogs

Crypto Billionaire Predicts Massive Price Growth by 2021

Published

on

crypto billionaire
READ LATER - DOWNLOAD THIS POST AS PDF

Crypto prices are once again going up, and Bitcoin has just passed a major resistance level at $6,000. With a situation like that, it is not surprising that everyone in the crypto community is looking forward to the future, wondering what to expect in years to come. Many experts have already given their predictions, some more optimistic than others, but almost all bullish.

Crypto billionaire Mike Novogratz has always been very supportive of cryptocurrencies, and very bullish on Bitcoin. He recently stated that he sees the coins’ prices triple in the following 18 months, meaning that Bitcoin’s return to $20,000 might not be far away, according to him.

He noted that Bitcoin is back to $6,000 after its price hit as low as $3,100 only a few months ago. These days, Novogratz does not believe Bitcoin will return to such lows unless there is a devastating exchange hack or a major shift in regulations. Of course, there was a big hack that had the potential to damage the coin’s price, only days ago. The world’s largest crypto exchange by trading volume, Binance, saw a significant security breach which resulted in a theft of 7,000 BTC.

However, so far, the coin did not react negatively to this incident. While Novogratz believed that such an event would shatter the new confidence in BTC, it simply did not happen. However, he…

Continue Reading

Altcoins

TokenRoll (TKR) Platform Will Take Online Casinos to the Next Level

Published

on

TokenRoll
READ LATER - DOWNLOAD THIS POST AS PDF

Corporate executives are turning to blockchain technology more than ever in an attempt to revolutionize the business world.  Although blockchain is still a relatively new concept, that hasn’t stopped more and more companies from jumping on the bandwagon.  This hot new technology has quickly gained a reputation for providing greater transparency, enhanced security, improved traceability, increased efficiency, and low costs.  One industry that could certainly benefit from decentralization is the online gambling market, specifically, online casinos.  TokenRoll (TKR) has developed a platform that appears to offer a promising alternative to centralized casinos.

Problems with Centralized Casinos

The primary reason why blockchain technology is being implemented so quickly is because it solves a lot of the problems typically associated with the traditional business model.  And online casinos are no different.  It still needs to be said that centralized casinos have proven that there is a great demand for online gambling.  The market is growing faster than anyone could have predicted, and future opportunities appear very promising and lucrative.  But industries are continually evolving and this one is no different.

A few of the problems facing centralized casinos include the following:

  • Little to no transparency
  • Consumer lack of confidence
  • Privacy concerns
  • 48-72 hour wait time for withdrawals

These are four monumental issues that need to be addressed quickly given the global growth of the market.  Casinos need to…

Continue Reading

Elite