As the Arizona State University’s Blockchain Research Laboratory collaborates with cryptocurrency, Blockchain research is set to get a cash injection from Dash.
Increasing blockchain awareness has made the industries realize that it could be a feasible solution in their business. However, as with any evolving technology, time and effort need to be put into researching its mainstream benefits.
Dash offers financial support for Blockchain research;
In November 2017, Arizona State University (ASU) entered into an association with Dash. The self-funding crypto offers many distinguished features, including instant and private trades through its InstantSend and PrivateSend features respectively.
According to AZ Big Media, the move came after Dash donated $50k to the ASU’s Blockchain Research Laboratory (BRL) in August 2017.
The partnership will provide $100k to fund undergraduate and graduate research fellowships, and open source projects under the Dash Scholars Program.Moreover, the program will also contribute $50k to the Luminosity Lab and blockchain course development and $100k to the BRL. In addition, $100k will be allocated to an ASU online graduate course scheduled for this fall.
BRL hopes to foster mainstream Blockchain integration
Director of BRL and a research professor in ASU’s School of Computing, Informatics and Decision Systems Engineering, Dragan Boscovic , expressed his excitement for the partnership:
ASU welcomes this initiative and is ready to play its role in creating a potent blockchain research and innovation environment for young talents to develop practical blockchain applications.
Ryan Taylor, CEO of Dash Core, is also looking forward to what the venture will offer:
This partnership is going to be beneficial for both sides. Dash benefits from fast valuable independent insights into how we can improve our plans for scaling to massively large numbers of trades. ASU will benefit from gaining access to one of the most innovative teams in the digital currency industry. The entire blockchain industry will benefit from the best practices that will develop from the research, and the creation of a graduate course is a marvelous leap in blockchain’s path towards rapid, mainstream adoption.
Despite the fact that blockchain will dependably be the fundamental innovation for virtual currencies, the BRL wants to concentrate on actualizing it into different ventures, for example, the financial division and contract-based organizations presently making utilization of intermediaries.
The BRL additionally incorporates different experts, for example, employees from the Ira A. Fulton Schools of Engineering whose Dean, Kyle Squires, had this to state:
The Blockchain Research Lab not just offersstudents early access to blockchain technologies that are changing the idea of business exchanges, it is giving them a chance to be a piece of the outline procedure and an exceptional open door for true development and plan.
Do you think that 2018 will see more mainstream businesses adopting blockchain technology? Let us know in the comments below!
Take a Crypto Pill
Crypto market is crashing, we all know that, panic sellers are taking over the market with massive sell-off. You can’t control that, just calm down and take a Crypto Pill to make things easy.
Crypto Pill is the term being used by industry leaders to make things calm down from recent fiasco, yesterday a leaked news from CFTC about Bitfinex and Tether made things even more difficult for crypto traders, short sellers went all into the market with massive short bets, and they won, Bitcoin price slipped below $10000 level to as low as $9500, but later on recovered to $10K , but selling pressure is still there.
First South Korea and now US
First it was South Korea, the country with massive trading volumes in crypto market, they announced to ban anonymous crypto trading and ban took place effective from 30th Jan 2018, then a sudden news came from US market when Bloomberg broke the news that US financial regulatory authority CFTC investigating Tether and Bitfinex, but later on it was confirmed that news was from December last year, which made market calm down a little bit after all that tension and hype about US crackdown on crypto currencies.
HODLers will take over market soon
Despite of all this fiasco, Hodlers are still holding their Crypto currencies, they are not giving up and they holding for their dear life, it is very much possible that they take over this market in near future, making another uptrend in coming months.
Venezuela is the cheapest country to mine Bitcoin
Cost of mining one Bitcoin in Venezuela is just $531
Most expensive country to mine Bitcoin is South Korea, where cost of mining one bitcoin is $26,170
After recent crackdown by Chinese Government on Bitcoin miners, most talked about topic in bitcoin community is that which country would Chinese Bitcoin miners chose to shift, as many research firms were working to find the best possible option for the miners, one of the best option is Venezuela, where cost of mining one bitcoin is the cheapest, just $531, as compared to China where cost of mining one bitcoin $3172.
Others with lower costs are Bangladesh, Belarus, Paraguay, Serbia and Trinidad & Tobago. The most expensive is South Korea at $26,170 per coin. The U.S. cost is $4,675.
Calculations for the amount of energy consumed were based on the average usage of three popular types of mining equipment: the AntMiner S7, the AntMiner S9 and the Avalon.
Bitcoin mining consumes a lot of energy and according to one estimate, Bitcoin mining currently consuming energy which is more than 159 countries, including countries like Ireland
Crypto trading volumes are dropping
Volumes in crypto market are dropping, indicating an alarming situation. Crypto market started this year on a good note but later on crashed to low levels, apart from Ethereum, all other major crypto currencies are down for 2018, but one of the most alarming situations in this matter is that trading volumes on different exchanges are dropping to lowest levels in recent months.
For example, on Bitfinex current trading volume of Bitcoin is at around 25000 which at one point of time was as high as 160000 , which means this volume is not even 20% of its peak volume. Similarly in the case of Ripple, current trading volume is 8 Million which at one point of time was 50 million, so there is an alarming situation in that regards because not only price is dropping but crypto trading volume is also dropping dramatically.
Lack of interest?
One of the key questions that analysts are asking these days is that, is it lack of interest from investors that volumes are so low? may be they have found new investment opportunity in the form of S&P 500 and Gold. Most of the analyst think that this low activity is due to the reason that market speculators are currently out of the market and in wait and watch situation to make an entry point.
Calm before the storm?
Such low volumes and price movement in a tight range suggest that this is the calm before the storm, many regulatory authorities around the world are trying to stop crypto trading by either putting complete ban or by introducing tight laws, so speculators and institutional investors are just waiting for a clear picture so that they can make their bet on it, but one thing is for sure that sooner or later market is due for heavy movement in either direction, so day traders need to watch out.
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