Blockchain
FoodChain Global launches traceable staking to boost liquidity for its world hunger fight
FoodChain Global, or FCG, a blockchain ecosystem focused on fighting global hunger through NFTs, P2E games, staking, and exclusive merchandise, launches a database-free, decentralized staking solution with a fully traceable weekly raffle. Ten percent of the prize pool goes to charity, making it feasible to feed people in need while simultaneously rewarding its users.
More than 811 million people don’t have sufficient food and 45 million are at risk of starvation, according to the World Food Programme. The United Nations promises to end world hunger by 2030, but it is still rampant. While charities help mitigate the issue, the public needs to trust charitable donations are going to the right place. Fewer than 1 in 5 Americans say they highly trust charities, revealing an inherent mistrust of giving organizations.
FCG tackles this issue by adding transparency to charitable donations through staking, boosting liquidity, and propelling forward the vision of FCG to end world hunger. To ensure optimal success, ten percent of the proceeds of the weekly raffle will be donated to the cause. In contrast to many platforms that stake their tokens on centralized exchanges, FCG’s staking platform is off centralized exchanges so token holders can earn interest on their wallets without any government risk. With decentralized, non-custodial staking built entirely on smart contracts, actions are automated and secured directly on the blockchain itself. Unlike traditional centralized or custodial staking solutions that take custody over user funds, FCG staking grants users self custody to those staking on its platform. FCG offers high-interest rates, ranging from 10 to 20 percent depending on the locked-in period to combat inflation. This comes as global inflation rates continue to rise, anticipated to reach 3.81 percent for the rest of 2022.
With the token contract built into the back end of its ecosystem, FCG doesn’t require a database and offers speedy transaction times. FCG believes crypto projects should be built with the idea that the chain serves as a database. This further backs the FCG motto to “make it make sense,” and minimizes unnecessary layers to oversee users’ funds and provide optimal security and trust.
“In the 21st century, giving organizations need to think outside the box and, at FCG, that is precisely how we appeal to the younger generations,” says Shawn Kurz founder of FoodChain Global. “When we leverage low-friction, low-cost technologies, we address justified concerns that younger generations have, namely transparency, simplicity, and real, verifiable outcomes.”
Blockchain
Decentralized science can be the next big thing for blockchain utilization
Decentralized science leverages blockchain’s decentralized ledger technology to address common challenges faced by researchers, including data integrity, reproducibility, and collaboration. By recording scientific data and research findings on a tamper-proof blockchain, researchers can ensure the integrity and authenticity of their work, reducing the risk of data manipulation or fraud.
Moreover, blockchain enables transparent and traceable peer review processes, allowing researchers to validate and verify each other’s work more effectively. This enhances the credibility and reliability of scientific publications, fostering trust within the scientific community and among the general public.
Blockchain-based platforms also facilitate greater collaboration and knowledge sharing among researchers, breaking down traditional barriers to access and enabling interdisciplinary collaboration. Through decentralized science platforms, researchers can securely share data, resources, and expertise, accelerating the pace of scientific discovery and innovation.
Despite its potential benefits, decentralized science still faces challenges, including regulatory uncertainties, technological barriers, and resistance to change within the scientific community. However, as blockchain technology continues to evolve and gain acceptance, decentralized science is poised to emerge as a transformative force in scientific research and collaboration.
Source: cointelegraph.com
The post Decentralized science can be the next big thing for blockchain utilization appeared first on HIPTHER Alerts.
Blockchain
How blockchain-based voting can restore trust in the electoral process
In this article we’re discussing the potential of blockchain-based voting systems to rebuild trust in electoral processes. These systems leverage blockchain technology’s transparency and immutability to address concerns surrounding election integrity and voter fraud.
Blockchain-based voting solutions offer several advantages over traditional methods, including increased transparency, security, and accessibility. By recording votes on a decentralized ledger, blockchain ensures that each vote is securely stored and tamper-proof, reducing the risk of manipulation or fraud.
Moreover, blockchain-based voting systems can enhance voter participation by providing greater accessibility to remote and disenfranchised populations. Through secure digital platforms, voters can cast their ballots from anywhere, reducing barriers to participation and promoting inclusivity.
Despite the potential benefits, the adoption of blockchain-based voting systems faces challenges, including regulatory hurdles and technological limitations. Governments and electoral authorities must navigate these obstacles to implement effective and trustworthy voting solutions.
Overall, the article highlights the transformative potential of blockchain technology in restoring trust and integrity to electoral processes. By embracing innovative voting systems built on blockchain, societies can uphold democratic principles and ensure fair and transparent elections.
Source: tradingview.com
The post How blockchain-based voting can restore trust in the electoral process appeared first on HIPTHER Alerts.
Blockchain
Binance Integrates USD Coin (USDC) on CELO Network
Binance has announced the integration of USD Coin (USDC) onto the Celo network, marking a significant step forward in expanding the utility and accessibility of USDC within the cryptocurrency ecosystem.
This integration enables users to seamlessly transfer USDC tokens across the Celo network, leveraging its high-speed and low-cost transactions. By integrating USDC on Celo, Binance aims to enhance the interoperability and accessibility of USDC, making it easier for users to engage with decentralized finance (DeFi) applications and access financial services on the Celo network.
USDC is a stablecoin pegged to the US dollar, offering users a reliable and transparent means of transacting value on the blockchain. With its integration on the Celo network, USDC gains access to Celo’s ecosystem of decentralized applications (DApps) and services, further expanding its utility and adoption.
The collaboration between Binance, USDC, and Celo underscores the growing importance of interoperability and cross-chain compatibility within the cryptocurrency space. By leveraging the strengths of each network, users can benefit from enhanced liquidity, accessibility, and functionality when using USDC on the Celo network.
Overall, the integration of USDC on the Celo network represents a significant milestone in advancing the capabilities of stablecoins and decentralized finance, providing users with greater flexibility and choice in managing their digital assets.
Source: blockchain.news
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