πŸš€From the bank to the blockchain, right from your phone!

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    πŸš€From the bank to the blockchain, right from your phone!

    Have a great Tuesday, Geckos!

     

    Create your own world with this blockchain-driven game backed by Ubisoft. 


    Nine Chronicles is a massive multiplayer online role-playing game that allows users to choose their own adventures with a touch of fantasy. 


    However, where other similar games would have players conform to the world around them, Nine Chronicles lets players self-organize and modify their software to build something they believe in. 


    While modifying games is not a new concept, the element of democratic freedom to do is unfamiliar in the gaming space. 


    In today's news, Huobi addresses rumors, Axion faces an exploit, and Dharma introduces a new feature. 


    Read on!

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    Huobi Is Innocent! 


    The Huobi Global account on Twitter has squashed rumors regarding the arrest of an Executive. 


    Rumors were circulating on social media that Robin Zhu, COO of Huobi, had been arrested by authorities. 


    Despite the platform's assurances regarding the false information, users were still withdrawing funds to avoid a similar situation to OKEx.


    DeCrypt

    Is Axion the Titanic of Crypto? 


    Just four hours after going live, the Axion (AXN) token price crashed by 99%. 


    (Editor's note: The Titanic sank after four days at sea! Coincidence?) 


    A suspected exploit caused a sudden minting of billions of AXN tokens and $500,000 in stolen funds. 


    The Axion Network team is now telling users to hold off on buying AXN and also suggests to avoid interacting with the dashboard. 


    DeCrypt

    Dharma Goes to the Bank 


    Users of DeFi trading app Dharma can now connect directly to their U.S. bank accounts for easier access to blockchains. 


    Dharma has enabled automated clearing house (ACH) purchases with 13 U.S states which enables direct transfers from the bank. 


    The app also offers all the assets available on Uniswap as well as the ability to trade between cryptocurrencies in one place. 


    CoinDesk


    Polkadot is kicking off the Hello World! By Polkadot competition on Gitcoin, offering DOT and KSM for completing up to 23 challenges ranging from beginner to advanced.


    Categories and Prizes

    In total, there are 23 different challenges over four categories: 7 Beginner, 3 Intermediate, 4 Advanced and 9 Ecosystem. Ecosystem challenges include our friends at Acala, Moonbeam, Phala, and Plasm. All challenges will come with extensive resources to guide you along the way.

     

    All the challenges have been capped at maximum 50 submissions, so move quickly to be in the first 50 valid submissions to get your payout. Prizes per challenge are as follows:

     

    • Beginner - 3 DOT

    • Intermediate - 1 KSM

    • Advanced - 10 DOT

    • Ecosystem Challenge - 5 DOT


    We also have an extra prize for the first 50 people that manage to complete 18 or more challenges: 150 DOT!


    Register now!

    Proof-of-Authority (PoA)

    On a technical layer, Proof of Authority performs block validation in a similar heuristic manner as Proof of Stake. However, whereas Proof of Stake assigns a validator's queue and importance based the amount of tokens staked by a validator, a Proof of Authority validator's queue arbitrarily predetermined based on their identity and reputation. This method of block validation addresses the issue of speed and scalability with the drawback of higher centralization as opposed to Proof of Stake or Proof of Work.


    Decentralized Finance (DeFi) refers to the movement of building decentralized financial applications that have no central authority and is censorship free. DeFi applications cover many use cases and a few popular ones are stablecoins, lending/borrowing and trading (decentralized excanges). By removing the middleman in systems, DeFi applications are able to achieve a better rate of returns for its users, while lowering barrier of entry as the application does not discriminate or censor any particular party from joinLearn about other Crypto terms here

    Read more on CoinGecko

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