Blockchain
ADAX DEX Has Officially Launched on the Cardano Mainnet
Nicosia, Cyprus–(Newsfile Corp. – January 30, 2022) – The long wait is finally over, as ADAX DEX v1.0 is live on the mainnet. This decentralized exchange will continue to lead by example, make meaningful contributions to the Cardano ecosystem, and deliver on long-held promises.
Figure 1: ADAX DEX Has Officially Launched On The Cardano Mainnet
ADAX DEX V1.0 is governed by a philosophy of decentralization while using the order-book model to guarantee completely non-custodial and censorship-resistant trading. ADAX users can begin their journey of effortlessly executing smart contract-based trades instantly and at a fraction of the cost of doing so on the Ethereum blockchain.
Six months of painstaking world and delays beyond the team’s culminate in the primary product launch of ADAX DEX V1.0. It is an intricate price of infrastructure that will prove critical to the long-term prosperity of the Cardano ecosystem and those who rely on it.
Under the ADAX DEX v1.0 banner, users can leverage several tools and features the Cardano community has been waiting on, including:
- An order-book model with on-chain swap execution and concentrated liquidity orders
- Every order is split into smaller UTXOs to avoid network congestion
- Plutus smart contracts to ensure full decentralization
- An intuitive and frictionless user experience
- Widespread wallet integration: Nami Wallet is fully compatible at launch, with GeroWallet and CCVault support arriving in the next few days.
- Revolutionary trading tools providing insights into market sentiment through the Stockgeist.AI partnership.
ADAX DEX will continue to push the boundaries of bringing trustless decentralized exchanging to the Cardano ecosystem. Partnerships with Netvrk and BlackDragon will play a significant role in these proceedings, alongside relationships with multi-functional Cardano wallet GeroWallet, DeFi protocol VyFinance, blockchain telecommunications infrastructure provider World Mobile, and decentralized oracle Charli3.
ADAX DEX noted an oversubscribed private sale and an overwhelmingly successful IEO on ExMarkets in 2021. Furthermore, Roger Ver and Mate Tokay, among other important crypto stakeholders, have provided backing for the project.
About ADAX
ADAX is an automated liquidity protocol that facilitates non-custodial and censorship-resistant trades within the Cardano ecosystem. ADAX seeks to obviate the need for centralized middlemen, facilitating token swaps, providing ample asset liquidity, and broader reorientation of the DeFi world towards Cardano. ADAX users will be able to effortlessly execute smart contract-based trades instantly and only at a fraction of the cost of the Ethereum network.
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Blockchain
Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity)
Building Customer Trust in AI with Blockchain
Blockchain is emerging as a critical tool in addressing the trust deficit in artificial intelligence. By leveraging decentralized ledgers, companies can provide transparent data provenance, ensuring that AI algorithms operate ethically and without bias. This integration allows customers to verify the origins of data used in AI models, fostering greater confidence.
Businesses deploying blockchain for AI governance must prioritize simplicity and accessibility in their implementations. While the technology’s potential is immense, it is essential to communicate its benefits in a manner that resonates with non-technical stakeholders.
Source: Harvard Business Review
Blockchain at a Crossroads: Balancing Promise and Peril
As blockchain technology matures, it finds itself at a crossroads. On one side, the promise of decentralization continues to captivate industries, offering solutions for supply chain management, finance, and digital identity. On the other, challenges such as regulatory scrutiny, scalability issues, and energy consumption threaten to impede its growth.
The path forward will require a concerted effort from developers, regulators, and industry leaders. Collaborative frameworks that address these challenges while preserving blockchain’s core principles of decentralization and transparency are key to ensuring its sustained relevance.
Source: Cointelegraph
BRICS vs. USD: Blockchain’s Role in Economic Shifts
The BRICS nations (Brazil, Russia, India, China, and South Africa) are exploring blockchain-based solutions to reduce their reliance on the US dollar in international trade. By adopting decentralized technologies, these nations aim to foster economic independence and promote stability in the face of geopolitical tensions.
This initiative exemplifies blockchain’s potential to redefine global financial systems. However, its success hinges on addressing interoperability issues and fostering international collaboration. The evolution of blockchain-based trade networks could mark the beginning of a new era in economic diplomacy.
Source: CoinGeek
Hungri Games Expands MetaHorse Unity to Base Blockchain
Hungri Games has announced the expansion of its MetaHorse Unity project to the Base blockchain, aiming to enhance the gaming experience with improved scalability and lower transaction costs. This move aligns with the growing trend of integrating blockchain into gaming to create transparent and secure ecosystems.
By adopting Base, a layer-2 blockchain, MetaHorse Unity seeks to offer players a seamless and cost-effective gaming experience. The partnership highlights the potential of blockchain to transform the gaming industry, enabling innovative monetization models and fostering player engagement.
Source: CoinTrust
Nano Labs Purchases Trump Tokens to Celebrate Presidency
Nano Labs commemorated former President Donald Trump’s legacy with the acquisition of 47 Trump Tokens. This symbolic gesture underscores the intersection of blockchain technology and cultural milestones, showcasing how tokens can represent historical and social narratives.
The purchase also highlights the increasing role of blockchain in creating unique, tradable assets that capture moments in time. As tokenization continues to gain traction, it is redefining how value and significance are assigned in the digital age.
Source: PRNewswire
Final Thoughts: Blockchain’s Expanding Horizons
This week’s developments highlight the diverse applications of blockchain technology, from fostering trust in AI to reshaping global economic systems. As the industry navigates challenges and opportunities, collaboration and innovation will be crucial in unlocking blockchain’s full potential.
While hurdles such as scalability and regulation persist, the technology’s ability to drive transparency, security, and inclusivity remains unparalleled. The coming years will undoubtedly see blockchain continue to evolve, solidifying its role as a transformative force across sectors.
The post Blocks & Headlines: Today in Blockchain (BRICS, Hungri Games, Nano Labs, MetaHorse Unity) appeared first on News, Events, Advertising Options.
Blockchain
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