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  1. Dear Blockchain Enthusiasts, June is here. Earlier this year, most of us thought that COVID-19 pandemic is subsiding, but a lot of countries are now facing another wave of cases. We’d like to remind everyone to take extra precautions and keep yourself safe. With the pandemic, we have to expect the unexpected but let us look at the expected blockchain trends said to bloom in the next coming months and whether these trends are already happening in the blockchain scene. 1. Growth of global blockchain market. It was expected that the blockchain market to experience growth this year, but not this big! The pandemic has definitely encouraged global businesses to adopt blockchain in their business operations, especially the use of distributed ledger technology. Businesses now understand the need for digital transformation to ensure competent functionality and business survival. Working from home is now a norm and having a trusted and reliable digital medium to monitor businesses performance is definitely a necessity to businesses. This trend is already happening and we foresee that this will continue to escalate. 2. Decentralized Finance (DEFI) services. We have definitely see growth of DEFI services even before the pandemic hit us, but with the pandemic, DEFI services is stimulating the financial technology landscape with its major advantage, which is cutting out intermediaries, thus ensuring open finance that summon more direct transactions between users and businesses. As popular DEFI services rose through the pandemic, we also see new concepts of DEFI such as yield farming and liquidity mining, but as usual new concepts like yield farming although has potential for larger returns, comes with even larger risks. If you are interested, make you are aware of the risks, advantages and disadvantages and always be on the lookout for anything suspicious. DEFI services is still very new, we would like to remind users to do their strict due diligence before utilizing DEFI services. DEFI services trend has upsurge but we don’t see it going booming unless the common risks of applications crashing, bugs, security and scalability problems is resolved. 3. Tighter Fintech regulations. Rises of global blockchain market will without doubt calls for tighter fintech regulations. Guidelines is already emerging as countries are more accepting of fintech, especially on dealings of cryptocurrencies. But this year, regulators will strengthen these regulations particularly on monetary digital transaction like digital banking and cryptocurrency. As fintech fraud is a global problem caused by fake crypto investment platforms and other types of cyber frauds, it is estimative that regulators are putting tighter laws, regulations and guidelines to safeguards users from suffering financial loss. We hope that this remains without affecting the potentials brought by blockchain technology, as we hope so see the global blockchain market magnify. Let us hope that regulators are not narrowing their acceptance to fintech having to deals with cyber frauds but with issuance of laws, regulations and guidelines that are clear and concise in order for fintech and economy digitalization to grow and progress. Do you think these trends will keep on rising? What are other trends you think will set this year? Share your thoughts! The post EXPECTED BLOCKCHAIN TRENDS appeared first on DDK BLOGS. View the full article
  2. Dear Blockchain Enthusiasts, June is here. Earlier this year, most of us thought that COVID-19 pandemic is subsiding, but a lot of countries are now facing another wave of cases. We’d like to remind everyone to take extra precautions and keep yourself safe. With the pandemic, we have to expect the unexpected but let us look at the expected blockchain trends said to bloom in the next coming months and whether these trends are already happening in the blockchain scene. 1. Growth of global blockchain market. It was expected that the blockchain market to experience growth this year, but not this big! The pandemic has definitely encouraged global businesses to adopt blockchain in their business operations, especially the use of distributed ledger technology. Businesses now understand the need for digital transformation to ensure competent functionality and business survival. Working from home is now a norm and having a trusted and reliable digital medium to monitor businesses performance is definitely a necessity to businesses. This trend is already happening and we foresee that this will continue to escalate. 2. Decentralized Finance (DEFI) services. We have definitely see growth of DEFI services even before the pandemic hit us, but with the pandemic, DEFI services is stimulating the financial technology landscape with its major advantage, which is cutting out intermediaries, thus ensuring open finance that summon more direct transactions between users and businesses. As popular DEFI services rose through the pandemic, we also see new concepts of DEFI such as yield farming and liquidity mining, but as usual new concepts like yield farming although has potential for larger returns, comes with even larger risks. If you are interested, make you are aware of the risks, advantages and disadvantages and always be on the lookout for anything suspicious. DEFI services is still very new, we would like to remind users to do their strict due diligence before utilizing DEFI services. DEFI services trend has upsurge but we don’t see it going booming unless the common risks of applications crashing, bugs, security and scalability problems is resolved. 3. Tighter Fintech regulations. Rises of global blockchain market will without doubt calls for tighter fintech regulations. Guidelines is already emerging as countries are more accepting of fintech, especially on dealings of cryptocurrencies. But this year, regulators will strengthen these regulations particularly on monetary digital transaction like digital banking and cryptocurrency. As fintech fraud is a global problem caused by fake crypto investment platforms and other types of cyber frauds, it is estimative that regulators are putting tighter laws, regulations and guidelines to safeguards users from suffering financial loss. We hope that this remains without affecting the potentials brought by blockchain technology, as we hope so see the global blockchain market magnify. Let us hope that regulators are not narrowing their acceptance to fintech having to deals with cyber frauds but with issuance of laws, regulations and guidelines that are clear and concise in order for fintech and economy digitalization to grow and progress. Do you think these trends will keep on rising? What are other trends you think will set this year? Share your thoughts! The post EXPECTED BLOCKCHAIN TRENDS appeared first on DDK BLOGS. View the full article
  3. It gives us immense pleasure to announce that Universal Horizon SDN BHD has won the Cryptocurrency – Technology award at Malaysia Technology Excellence Awards 2021. The Malaysia Technology Excellence Awards are given to organizations in recognition of their exceptional contribution to technology and their efforts on causing the disruption wave. These companies are leaders in the technological revolution of their industries and their digital journeys are a testament to their resilience and efforts to enhance the fast growing economy of Malaysia. Universal Horizon SDN BHD submitted their best project i.e. DDKoin (DDK) – Cryptocurrency and it was recognized as a clear winner. We thank all our stakeholders, our development team, our marketing team and our leadership for making this all happen. We couldn’t have done it without your continuous support and guidance. There were points where we all preserved and had to exercise patience but it all paid off in the end. We assure you that DDKoin will continue to improve in the future and will win more such awards through the strong efforts of everyone involved in the project. We thank you all for making this possible and urge you to continue supporting the DDK Foundation. The post DDK Wins Cryptocurrency – Technology award at Malaysia Technology Excellence Awards 2021 appeared first on DDK BLOGS. View the full article
  4. The progress of the world today is being restricted by the COVID-19 pandemic. While people are trying to save themselves from the disease, the current financial system fails to support people the right way. Experts have estimated a staggering 1.7 billion people in crisis due to the shortcomings of our inadequate, inefficient and highly outdated financial system. The only way to make this right is to overhaul the legacy systems we are using presently and develop something fair, open, economical and in sync with the digital era in its place. Something like blockchain technology. Thankfully, cryptocurrency and blockchain technology has already started to lay the foundation for a modern global financial system. The popularity of cryptos continues to surge and even though they haven’t reached the mainstream yet, there are strong efforts being made to extend its accessibility towards everyone. Blockchain technology is also being utilized in many government procedures of numerous advanced countries and the result is absolute transparency and reliable security. If more people are properly educated and innovative approaches are taken in cooperation with the prevalent financial regulators and institutions, the development of a new democratic financial system can be expedited exponentially. Now, cryptos are new to the people and they function differently as compared to the current financial systems. This is why common people are reluctant to place their trust in them. Understanding the cryptos and how they work is an essential part of the whole gig. If you understand the cryptos and the workings of blockchain technology, you can use cryptos in the best possible manner. These days access to cryptos has improved drastically and people are starting to understand the positive use cases of blockchain technology. There are new trading platforms out there providing improved user experience. You can also see the regular debut of new cryptocurrencies there. Bitcoin isn’t stealing the show anymore and people are interested in other cryptos such as DDKoins, Ethereum, etc. Sadly, the traditional financial system has fallen short of offering lower fees, enforcing systemic transparency, and improving speed of service, a new democratic system is slowly taking its place. Blockchain technology and cryptocurrency find themselves in the best position to track all the major issues with the traditional financial systems and experts believe the future to be dependent on the said technology. Since the traditional financial system is so vast and diverse, it is impossible to eliminate it in the short-term. We can only create a financial system fit for the digital age in its place. The new system will provide cheaper transactions, safer access and faster services to all. You won’t even need a bank account for using this system. The post Are Cryptos Revolutionizing Our Financial System Democratically? appeared first on DDK BLOGS. View the full article
  5. The progress of the world today is being restricted by the COVID-19 pandemic. While people are trying to save themselves from the disease, the current financial system fails to support people the right way. Experts have estimated a staggering 1.7 billion people in crisis due to the shortcomings of our inadequate, inefficient and highly outdated financial system. The only way to make this right is to overhaul the legacy systems we are using presently and develop something fair, open, economical and in sync with the digital era in its place. Something like blockchain technology. Thankfully, cryptocurrency and blockchain technology has already started to lay the foundation for a modern global financial system. The popularity of cryptos continues to surge and even though they haven’t reached the mainstream yet, there are strong efforts being made to extend its accessibility towards everyone. Blockchain technology is also being utilized in many government procedures of numerous advanced countries and the result is absolute transparency and reliable security. If more people are properly educated and innovative approaches are taken in cooperation with the prevalent financial regulators and institutions, the development of a new democratic financial system can be expedited exponentially. Now, cryptos are new to the people and they function differently as compared to the current financial systems. This is why common people are reluctant to place their trust in them. Understanding the cryptos and how they work is an essential part of the whole gig. If you understand the cryptos and the workings of blockchain technology, you can use cryptos in the best possible manner. These days access to cryptos has improved drastically and people are starting to understand the positive use cases of blockchain technology. There are new trading platforms out there providing improved user experience. You can also see the regular debut of new cryptocurrencies there. Bitcoin isn’t stealing the show anymore and people are interested in other cryptos such as DDKoins, Ethereum, etc. Sadly, the traditional financial system has fallen short of offering lower fees, enforcing systemic transparency, and improving speed of service, a new democratic system is slowly taking its place. Blockchain technology and cryptocurrency find themselves in the best position to track all the major issues with the traditional financial systems and experts believe the future to be dependent on the said technology. Since the traditional financial system is so vast and diverse, it is impossible to eliminate it in the short-term. We can only create a financial system fit for the digital age in its place. The new system will provide cheaper transactions, safer access and faster services to all. You won’t even need a bank account for using this system. The post Are Cryptos Revolutionizing Our Financial System Democratically? appeared first on DDK BLOGS. View the full article
  6. The sports industry is one of the most booming industries around the world. Be it football, cricket, hockey or basketball, people are always passionate about sports. Whether it is playing the games or supporting a sports team, people go to the extremes with their enthusiasm. The COVID-19 pandemic has limited sports a lot. The experts in the industry are quickly thinking of new ways to keep the enthusiasts connected even in a world dominated by social distancing. How are they doing all this? Through Blockchain Technology, of course! To put it simply, it’s all about the revenue and fan experience. The industry needed to revolutionize the revenue streams and nothing could do it better than blockchain technology. The experts came up with non-fungible tokens (NFTs) crypto-sponsorships and even fan tokens. The crypto partnerships or sponsorships have been active since 2014 when BitPay, a US-based bitcoin payment processor signed a sponsorship deal with ESPN Events to promote Bitcoin. Then in 2018 CashBet became the Arsenal Football CLubs official blockchain partner and Litecoin became UFC 232 official crypto partner. In 2020, eToro partnered with Premier League teams to promote its crypto-trading service and in March 2021, Crypto.com partnered with Aston Martin Cognizant Formula One. These successful partnerships show the acceptance of cryptocurrency and blockchain technology in the sports industry. The partnerships mentioned here are between industry giants who have a great fan following and through these efforts, beneficial information about cryptos has spread among millions of sports enthusiasts around the world. When it comes to the uses of blockchain technology and cryptocurrencies in the sports industry, we’ll don’t fall short of pointers. Cryptos such as Bitcoin are being accepted as payment methods in the sports industry. Fans can purchase tickets and souvenirs using cryptos while benefiting from the low transaction fees. Examples include Harunustaspor, a Turkish football club, purchasing player Omar Faruk Kiroglu using Bitcoin and Payment companies allowing people to buy FIFA World Cup 2018 tickets using Bitcoin, Ethereum and Litecoin. Gibraltar United Football Club also paid a portion of its players’ salaries in cryptocurrency. Intelligent sports clubs have implemented blockchain technology to add transparency and security in the ticket exchange markets. In 2020, Lancashire Cricket collaborated with TIXnGO to develop a blockchain mobile tickets platform. It worked with SecuTix to create encrypted tickets for smartphones that were traceable and genuine. Interestingly, it’s not just payments in cryptos, the sports industry has also dived into Fan Tokens and crypto-collectables (NFT). NFTs are digital assets on the blockchain and are tangible and intangible items that can be stored in digital wallets. Unlike their fungible counterparts, NFT is not interchangeable and every NFT is a unique digital item. NFT can be used in the trading cards and collectables market. After all, it is a multi-million dollar industry that enables sports enthusiasts to immortalise sporting moments. What could be better than having these on the Blockchain and traded later on? NBA’s Top Shot is a blockchain-powered trading card system that offers NBA-licensed digital items. The company has already generated a staggering US$230 million in gross sales. Then there’s the blockchain-based fantasy football game called Sorare. It was made on the Ethereum blockchain and allowed players to buy and sell digital football cards. A lot has already been done in the sports industry using Blockchain technology and cryptocurrency, but this is still just scratching the surface of the plethora of uses this technology offers. We’ll see many new implementations in the future and people active in the crypto industry will definitely amass great profits. The post Blockchain Technology and NFT May Become The Future of Sports appeared first on DDK BLOGS. View the full article
  7. It may make transaction processing easy for crypto investors/traders Recently Visa accepted its first virtual currency payment and people believe the 62-year-old company may be eyeing leadership in the prospering cryptocurrency industry. To reveal the precise details of the transaction in discussion, Visa processed the crypto transaction based on the Ethereum blockchain. If you don’t know about the Ethereum blockchain, you can understand it simply as the distributed accounting ledger technology that is similar to the technology powering Bitcoin. The crypto transaction under discussion was made possible thanks to the contribution of Hong Kong-based Crypto.com. The company is a Visa partner and issues prepaid cards that are backed by cryptocurrency. It was reported that the company sent Visa a USD Coin that is a USD-pegged virtual currency also known as USDC. Visa announced that it has also worked with Anchorage, the U.S.’s newest federally chartered banks and a Visa-backed cryptocurrency startup to accept the crypto transaction (payment). While it is a part of the pilot programme organized by Visa, the company aims at easing the crypto transactions by removing the conversion of cryptos to fiat currency for transaction processing. Bitcoin is an example of cryptocurrency and the US dollar is an example of fiat currency. Visa is currently aiming at expanding this feature to other members of its payments network in 2021. Earlier, VISA CEO Al Kelly said that the company was working on mechanisms allowing people to buy bitcoin and make payments through it using the Visa network. The crypto market is quite bullish these days and Visa is just one of the many payment companies looking to benefit from this imminent boom. We can say this because MasterCard Chairman Ajay Banga told Fortune that his company was also interested in Bitcoin. The same interest was visible in the younger businesses such as Square and PayPal. This is good news for people and businesses active in the crypto industry. It will bring cryptos to the mainstream and boost their usability exponentially. Another currency that is currently making micro transactions without the help of Visa and is fully decentralized is DDKoin. You can buy and sell products and services using the DDKoin using the DDK Merchant platform. Know more about DDK Merchant here: https://blog.ddkoin.com/2020/09/21/ddk-merchant-the-best-online-shopping-platform-in-covid-19-pandemic/ The post Visa Looking to Make its Mark in the Crypto Industry appeared first on DDK BLOGS. View the full article
  8. The paperwork for cross-border trade is quite a hassle. There are so many things that you have to do and so many aspects to worry about. What if it could all be paperless and you won’t have to worry about a thing. If you are an Aussie or a Singaporean, you might have some great news coming your way soon. According to reports, the customs and border protection agency of Australia also known as the Australian Border Force (ABF) are mulling over ways to simplify cross-border trade with Singapore. They plan on doing so using blockchain technology. For those who don’t know, Singapore and Australia have a Digital Economy Agreement (DEA) and under this agreement a blockchain trial was launched that was aimed at paperless trade. The move was made In collaboration with Singapore Customs and the Singapore Infocomm Media Development Authority (IMDA), to make it simple for trading businesses to digitally exchange trade documentation. This is a great advancement in the field of digital trading and something crypto trading is all about. This blockchain trial is designed to reduce the administration costs while at the same time to boost trade efficiency. According to experts, the blockchain will test digital verification platforms between both the IMDA’s TradeTrust platform and ABF’s intergovernmental ledger. The aim for this test will be for sharing electronic documents which will primarily include the certificates of origin. Speaking on this initiative, ABF Commissioner Michael Outram said, “This initiative will incorporate paperless trading and secure digital exchange of trade information as part of the future architecture and design of an Australian Trade Single Window.” There will also be good participation from the regulators and trading businesses to provide feedback on the process. After the trial is over the ABF will give comprehensive feedback on the lessons learned and offer those in a detailed report. All these activities will be done under the National Blockchain Roadmap that was carried out by the Department of Industry, Science, Energy and Resources, These are great initiatives to utilize Blockchain technology and we expect these to continue in the future. The post Blockchain Powered Paperless Trade To Start Between Singapore and Australia appeared first on DDK BLOGS. View the full article
  9. Cryptocurrencies are back again and with no less than a bang. They are making headlines again and Bitcoin is breaking all the resistance put up by the fiat currencies . Yes, prudent cryptocurrency investors, traders and market observants are now considering upscaling their efforts. After all, will it be wise to wait to buy cryptos when the price of Bitcoin is already reaching for the sky? Most of the cryptocurrencies are still in their infancy and this makes them more volatile than the fiat investment options. So, what makes these cryptocurrencies volatile, and are the factors that determine their prices? In this article, we will be answering this question so you can get a better sense of the market. The reasons for the volatility of crypto markets are mentioned below: The number of investors in the crypto market is too small. This allows a small number of investors to control the majority of a certain cryptocurrency. These big investors are called “whales” and Elon Musk has just become perhaps the biggest whale of Bitcoin. In crypto markets, the sentiments of the people towards a certain coin is more important than the project’s actual fundamentals. Unfortunately, this feeling can change in a heartbeat and is heavily influenced by news be they true or false. There is a lack of trust in the cryptocurrencies but that is also ebbing away as Tesla and Twitter have started investing in Bitcoin. BTC shares are another thing working to stabilize the price of cryptos in the market. They constitute a part of traditional financial products whose purpose is to track cryptocurrency prices featured by Grayscale Investments. Grayscale Bitcoin Trust gives crypto investors the opportunity to experience crypto through an open-ended private trust. This trust holds an excess of 649,130 BTC and that’s nearly 3.1% of bitcoin’s current circulating supply. The cryptocurrencies have been around for many years already, but unfortunately the prices of cryptos are still determined by investor demand. The halving of the Bitcoin was the pioneering attempt in this regard and was aimed at increasing the scarcity of BTC. People employed numerous methods that included token lockups, coin burns, and coin freezing to limit the supply, but it couldn’t make a significant difference. This remained until Elon Musk invested in Bitcoin with a billion dollar and sent the prices reaching for the sky. Interestingly, it’s not just Elon Musk that is investing heavily in the crypto market. What’s happening right now is more of an institutional wave. Billionaire Ricardo Salinas Pliego from Mexico Media has invested 10% of his liquid assets in Bitcoin and Wall Street legends Paul Tudor Jones, Stanley Druckenmiller, and Bill Miller have also endorsed buying bitcoin. The Grayscale Bitcoin Trust has experienced inflows of almost $2 billion since October 2020. According to news, Twitter CEO Jack Dorsey and Musician/Singer Jay Z are investing 500 Bitcoins in the project. The successful crypto traders are quite learned in the art of using the volatility of cryptos to their benefit. They use the technique of “buying the dip” which is based around the idea of buying a cryptocoin at a local low. They then wait for some big investor to buy the coins which increases the prices and they then sell all they have to gain profits. The timing of the market is crucial while trading and this is why it is recommended that you always learn from professional crypto traders before putting your money in the market. Disclaimer: Please observe and adhere to your country rules governing digital assets and cryptocurrency at all times to avoid any legal consequences. The post Why are cryptocurrencies so volatile and what determines their price? appeared first on DDK BLOGS. View the full article
  10. Cryptocurrencies are back again and with no less than a bang. They are making headlines again and Bitcoin is breaking all the resistance put up by the fiat currencies . Yes, prudent cryptocurrency investors, traders and market observants are now considering upscaling their efforts. After all, will it be wise to wait to buy cryptos when the price of Bitcoin is already reaching for the sky? Most of the cryptocurrencies are still in their infancy and this makes them more volatile than the fiat investment options. So, what makes these cryptocurrencies volatile, and are the factors that determine their prices? In this article, we will be answering this question so you can get a better sense of the market. The reasons for the volatility of crypto markets are mentioned below: The number of investors in the crypto market is too small. This allows a small number of investors to control the majority of a certain cryptocurrency. These big investors are called “whales” and Elon Musk has just become perhaps the biggest whale of Bitcoin. In crypto markets, the sentiments of the people towards a certain coin is more important than the project’s actual fundamentals. Unfortunately, this feeling can change in a heartbeat and is heavily influenced by news be they true or false. There is a lack of trust in the cryptocurrencies but that is also ebbing away as Tesla and Twitter have started investing in Bitcoin. BTC shares are another thing working to stabilize the price of cryptos in the market. They constitute a part of traditional financial products whose purpose is to track cryptocurrency prices featured by Grayscale Investments. Grayscale Bitcoin Trust gives crypto investors the opportunity to experience crypto through an open-ended private trust. This trust holds an excess of 649,130 BTC and that’s nearly 3.1% of bitcoin’s current circulating supply. The cryptocurrencies have been around for many years already, but unfortunately the prices of cryptos are still determined by investor demand. The halving of the Bitcoin was the pioneering attempt in this regard and was aimed at increasing the scarcity of BTC. People employed numerous methods that included token lockups, coin burns, and coin freezing to limit the supply, but it couldn’t make a significant difference. This remained until Elon Musk invested in Bitcoin with a billion dollar and sent the prices reaching for the sky. Interestingly, it’s not just Elon Musk that is investing heavily in the crypto market. What’s happening right now is more of an institutional wave. Billionaire Ricardo Salinas Pliego from Mexico Media has invested 10% of his liquid assets in Bitcoin and Wall Street legends Paul Tudor Jones, Stanley Druckenmiller, and Bill Miller have also endorsed buying bitcoin. The Grayscale Bitcoin Trust has experienced inflows of almost $2 billion since October 2020. According to news, Twitter CEO Jack Dorsey and Musician/Singer Jay Z are investing 500 Bitcoins in the project. The successful crypto traders are quite learned in the art of using the volatility of cryptos to their benefit. They use the technique of “buying the dip” which is based around the idea of buying a cryptocoin at a local low. They then wait for some big investor to buy the coins which increases the prices and they then sell all they have to gain profits. The timing of the market is crucial while trading and this is why it is recommended that you always learn from professional crypto traders before putting your money in the market. Disclaimer: Please observe and adhere to your country rules governing digital assets and cryptocurrency at all times to avoid any legal consequences. The post Why are cryptocurrencies so volatile and what determines their price? appeared first on DDK BLOGS. View the full article
  11. The supply of COVID-19 vaccines is a trending issue that needs to be tackled with utmost transparency. The vaccine is high in demand and there are bound to be some barriers in its supply. But prudent decision makers have employed blockchain technology to monitor the supply chain of the COVID-19 vaccine. Recently, two organizations have announced the development and 90% perfection of COVID-19 vaccines. Now the biggest challenge they are facing is the distribution of this vaccine and experts are certain that blockchain can play a prominent role. According to Reuters, a couple of British hospitals have announced they are using blockchain technology to track the storage and supply of COVID-19 vaccines. The organizations behind these hospitals said this was among the first such initiatives in the world. In central England’s Warwick and Stratford-upon-Avon, two hospitals are reportedly expanding their utilization of a distributed ledger (blockchain technology) in tasks related to everything from tracking chemotherapy drugs and vaccines to monitoring the refrigerators housing the COVID-19 vaccines. A company monitoring vaccines for Britain’s National Health Service (NHS) said that blockchain technology will boost the data sharing and record-keeping process across the supply chains. The same statement was released by a Texas-based ledger Hedera that is owned by firms including IBM and Google. It was said the logistical hurdles pose a prominent risk to the timely distribution of COVID-19 vaccines but the blockchain technology will add transparency in this process which will not only speed up the distribution but also ensure that no fraudulent activities are taking place regarding the COVID-19 vaccine. Blockchain is a unique technology that allows multiple parties to easily manage and share a database. This database will be decentralized which will add to its transparency. The technology will also allow these parties to create and share a transparent supply chain that can be mutually agreed upon without any dispute. The best aspect of blockchain technology is ownership. It is not owned by anyone and offers a generic standardized protocol using which all participants can join and share relevant data. The information stored on the blockchain is immutable and cannot be deleted and this boosts the level of accountability and transparency. Experts believe this technology has the ability to solve some of the prevalent challenges related to standard supply chain management. These challenges include accuracy in tracking items, complications in stock management, participants’ accountability, fighting potential counterfeits, and more. Despite the announcements, the duration of effective delivery of the vaccines to the people still remains unclear. We hope that it reaches every person in the world so we all can stay safe from this disease. The post How can we use blockchain to monitor the Covid-19 vaccine distribution appeared first on DDK BLOGS. View the full article
  12. There are many blockchains out there that are supporting cryptocurrency of various sorts. Some are real currencies waiting for their big launch and others are completely developed ones where people are benefiting greatly while trading and staking. Most experts believe that blockchains offering staking opportunities are better than the other ones as it keeps all the stakeholders engaged. Here are the reasons why Staking Blockchain will perform better than the other blockchains in 2021. Delegates Voting System DPOS technology allows stakeholders to vote for the delegates who have the ability to mine and validate transactions. In technical terms, Delegated Proof of Stake (PoS) aims to reach consensus in the Blockchain. It uses a democratic selection process to decide which node will be the validator of the subsequent block. This is known as mining in Bitcoin. Staking Blockchains are More Accessible Proof of Stake encourages a large number of users to run network nodes as compared to the Proof of Work algorithm. This not only makes the process more decentralised, it also boosts accessibility to the community. Staking Blockchains are More Secure In Staking Blockchains the reliability and security of the nodes are guaranteed by the stake of the individual that is forging the particular block. If a user ends up forging an invalid block, they would be risking their stake as some of their stake would be taken as compensation. Low staking fees DPOS algorithm is a high democratic platform and is much better than other consensus systems because it is more efficient, secure and cost-effective. It does not require very high computational power as the mining opportunity depends on the number of votes for the miners from stakeholders. This enables low staking fees and cost-effective trading. Real-Time transaction and staking rewards Staking Blockchain offers stakeholders real-time transactions and micro transactions. The staking rewards are also great and are given to members who freeze their cryptos in a staking contract for a certain duration. They will receive a reward on a certain percentage of the staked amount. This makes staking blockchains better than other proof of work blockchains out there. High Transaction Volume Staking blockchains have the ability to process high transactions volumes in less time due to their unique structure. Since there are specific people mining and you don’t need supercomputers to win the race of validating transactions and solving super complex computations, the staking blockchains offer high transaction volumes. This process is also very fast as compared to proof of work blockchains. This makes the blockchain more reliable and secure as all the stakeholders work together to make the blockchain successful. These were the reasons why we consider the Staking Blockchains better than proof of work blockchains. With Tesla’s Elon Musk and Twitter’s Jack Dorsey investing heavily in Bitcoin, we will see a gradual shift of investors towards blockchain technology and cryptocurrencies. This is why it is important to consider the blockchains you are investing in. Staking blockchains such as DDKoin are great as they use DPOS technology that will benefit users and keep everyone interested and involved. For more info, please visit ddkoinblockchain.com The post Why Staking Is MOST Popular In Blockchain For 2021 appeared first on DDK BLOGS. View the full article
  13. There are many blockchains out there that are supporting cryptocurrency of various sorts. Some are real currencies waiting for their big launch and others are completely developed ones where people are benefiting greatly while trading and staking. Most experts believe that blockchains offering staking opportunities are better than the other ones as it keeps all the stakeholders engaged. Here are the reasons why Staking Blockchain will perform better than the other blockchains in 2021. Delegates Voting System DPOS technology allows stakeholders to vote for the delegates who have the ability to mine and validate transactions. In technical terms, Delegated Proof of Stake (PoS) aims to reach consensus in the Blockchain. It uses a democratic selection process to decide which node will be the validator of the subsequent block. This is known as mining in Bitcoin. Staking Blockchains are More Accessible Proof of Stake encourages a large number of users to run network nodes as compared to the Proof of Work algorithm. This not only makes the process more decentralised, it also boosts accessibility to the community. Staking Blockchains are More Secure In Staking Blockchains the reliability and security of the nodes are guaranteed by the stake of the individual that is forging the particular block. If a user ends up forging an invalid block, they would be risking their stake as some of their stake would be taken as compensation. Low staking fees DPOS algorithm is a high democratic platform and is much better than other consensus systems because it is more efficient, secure and cost-effective. It does not require very high computational power as the mining opportunity depends on the number of votes for the miners from stakeholders. This enables low staking fees and cost-effective trading. Real-Time transaction and staking rewards Staking Blockchain offers stakeholders real-time transactions and micro transactions. The staking rewards are also great and are given to members who freeze their cryptos in a staking contract for a certain duration. They will receive a reward on a certain percentage of the staked amount. This makes staking blockchains better than other proof of work blockchains out there. High Transaction Volume Staking blockchains have the ability to process high transactions volumes in less time due to their unique structure. Since there are specific people mining and you don’t need supercomputers to win the race of validating transactions and solving super complex computations, the staking blockchains offer high transaction volumes. This process is also very fast as compared to proof of work blockchains. This makes the blockchain more reliable and secure as all the stakeholders work together to make the blockchain successful. These were the reasons why we consider the Staking Blockchains better than proof of work blockchains. With Tesla’s Elon Musk and Twitter’s Jack Dorsey investing heavily in Bitcoin, we will see a gradual shift of investors towards blockchain technology and cryptocurrencies. This is why it is important to consider the blockchains you are investing in. Staking blockchains such as DDKoin are great as they use DPOS technology that will benefit users and keep everyone interested and involved. For more info, please visit ddkoinblockchain.com The post Why Staking Is MOST Popular In Blockchain For 2021 appeared first on DDK BLOGS. View the full article
  14. Bitcoin is back with a bang! While people are debating over its value, intelligent people are enthusiastically investing in it. The value of Bitcoin has soared from USD 5,000 to a whopping USD 47,000. That’s are staggering 700% increase since the pandemic was first declared in March last year. While the fiat currencies of numerous countries around the globe have been adversely affected by the coronavirus pandemic, the price of Bitcoin is increasing to newer levels. People are actively debating over its value. While some people believe the extra printing of the US Dollar to be the reason behind this heavy increase, others claim China to be pulling some strings here. In 9 March 2020, the total dollar supply increased to over $4 trillion from just $273.4 billion in 1975. From 9 March 2020, the total US dollar supply increased from $4 trillion to over $6.5 trillion on November 30, 2020. This was done all due to the coronavirus related stimulus bills. And thanks to Richard Nixon who removed the gold standard in 1971, the printing of US dollars will see no stopping in the years ahead. On the other hand, people believe the Chinese billionaires to be buying Bitcoin in great numbers as they see that the excessive printing of the US dollar will lead to its downfall. Despite all this, one thing is for certain. The increasing price of Bitcoin has shown that cryptos are stronger than COVID-19 pandemic situation and it can very well turn out to be the currency of the future. People investing in cryptocurrencies today are very intelligent as they have recognized their true potential. Even though many cryptos are not as usable as DDKoin, their stability in these turbulent times have shown their true strength to everyone. Speaking of DDKoin which used the DPOS technology, it’s one of the few cryptos that supports micro transactions and perhaps the only crypto out there that has its own dedicated ecommerce platform. Yes, DDK Merchant allows people to buy and sell everyday items using DDKoin. Many merchants have already signed up and are featuring their products and services on DDK Merchant and loads of people are benefiting from it. You can check this link for more info ddkoinblockchain.com/ddk/merchant Investors must remember that bitcoin is just a 12-year-old cryptocurrency. This cryptocurrency was just at USD 1,000 at the start of 2017 but it came close to $20,000 within 12 months. Although it crashed to about $3,000 in early 2018, today it touches $40,000. Thanks to Grayscale getting its Bitcoin Trust exchange-traded fund, Bitcoin’s market cap has hit a trillion dollars. While fiats can be printed, cryptos come with caps and this makes them even more reliable. People buying cryptos such as DDKoin are doing themselves a great favor as cryptos are the currency of the future and that future is not too far away. If you haven’t got a crypto wallet or some crypto tokens on you, you need to get one as soon as possible. We’d recommend you the DDK wallet as it has many new features that can help you a lot in your trading activities. Invest wisely, invest in cryptos! The post Cryptos Are Stronger Than COVID-19: Bitcoin Just Proved That! appeared first on DDK BLOGS. View the full article
  15. Hello DDK Stakeholders, We hope you are all having a great time in numerous activities available on the DDK Platform. The DDK Foundation has always thought of the betterment for the DDK Stakeholders and has organized many Bounty Contests in year 2020 to allow people to win DDK as rewards by doing simple yet engaging tasks. During August and September 2020, a total of 23 translations took place and this resulted in an expenditure of 280.0194438 DDK. According to the Vulnerability Report of Sept 2020, there was one participant who received 19.5313 DDK. For the first DDK Bounty Contest in which the Mutant Blockchain Academy gave giveaways in October 2020, there were five winners and a total of 20 DDK were awarded to them. For DDK Bounty Contest Round 2- It’s A Game Time, 20 winners were got rewarded total 136 DDK. DDK Bounty Contest Round 3- Let’s Selfie With DDKoin was a very interesting one and we received so many selfies from our lovely DDK Stakeholders. There were 20 winners in this contest and the total DDK awarded was 160 DDK in this round. For the DDK Bounty Contest Round 4- DDK Rewards are for You! that was held in mid of November, only three winners with highest DDK stake were selected and they were awarded a total of 100 DDK. In all these activities, the DDK Foundation spent a total of 715.550743 DDK. We thank all DDK Stakeholders for participating in our contest and look forward to a successful 2021 for all of us. For News Updates: Join DDK forum: https://forums.ddkoin.com/ Visit DDK Website: https://ddkoinblockchain.com Join the DDK community: Facebook: http://tiny.cc/45ci8y Twitter: http://bit.ly/2FrYQIT LinkedIn: http://tiny.cc/08ci8y Quora: http://tiny.cc/t9ci8y Telegram: http://tiny.cc/kadi8y Instagram: http://tiny.cc/vbdi8y Regards, DDK Foundation The post BOUNTY CONTEST REPORT 2020 appeared first on DDK BLOGS. View the full article