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Alternate cryptocurrencies / Tokens (Altcoins) / Re: [ANN][DeFi] Polkamarkers-Gamified Prediction Markets Powered by DeFi, NFTs & DOT
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on: March 12, 2021, 05:33:26 PM
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Top 3 Reasons Why Investors Are Bullish on Prediction Markets1. Uncertainty is at all-time highsWith the global pandemic wreaking havoc in nearly every corner of the world, uncertainty and insecurity have never been higher. Being able to hedge against an increasingly unstable future has never been more important. Whether you are a commodities trader or a futures trader, prediction markets give you the opportunity to hedge your existing positions in the market to reduce your overall exposure to risk. 2. The rise of DeFi for Finding Yield OpportunitiesNowadays, commercial banks are offering less than 0.25% in yearly interest rates on deposits in savings accounts to their customers. That’s not enough to outpace inflation, and that’s certainly not enough to provide any sort of yield when the US Government & Federal Reserve decide to print another $1.9 Trillion dollars out of thin air. 3. Everyone wants to know and influence the futurePeople have always placed a premium on privileged information. Of course no one can truly see the future exactly as it will unfold. But with highly refined and ordered information, we can make a pretty accurate prediction. Capital markets are largely based on trading informational advantages. Prediction markets bring that idea to the next level by making the prediction itself the market. Prediction markets have proven to be so powerful that some even question whether or not they just predict the future, but also have influence over the outcome of future events. Read the whole article on Polkamarkets Medium Blog
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Alternate cryptocurrencies / Tokens (Altcoins) / [ANN] Shyft Network - A Data Attestation Layer
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on: March 11, 2021, 03:54:15 PM
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The Shyft Ecosystem Shyft Network participants are core to the growth of our decentralized data network, provided real value through the utilization and growth of the network, and rewarded for their contributions. Shyft’s identity solution is most similarly described as an OAuth2-type interface for Web 2.0 and 3.0 applications with 2FA applications. It is enhanced by:
· Combining consent channels giving users control over data
· Incentivized data exchange rails enabling counterparties to negotiate exchange of information.
Network Principles 01. Public networks should not be designed to store sensitive data on-chain.
Shyft Network is a public network that facilitates bridging of data across existing data ecosystems. The network does not engage in the transaction or custody of data itself, instead allowing data contributors to share encrypted attestations against externally-stored data to network participants of their choice. All sensitive data remains stored on external databases; only encrypted metadata is stored on-chain.02. Data has value and individuals deserve to be compensated for sharing it.
Every day, individuals are exploited for their digital data. Shyft Network will allow companies to request consent from their users before sharing personal data, in compliance with privacy standards such as GDPR, and submit incentivized requests for data to current and potential users. Shyft Network offers users an interface on which to view and manage interactions with their data, and store rewards from sharing.03. Nothing should happen without consent.
Shyft operates on a strict opt-in user consent framework, offering granular, accessible control over what is shared, with whom, and for what purpose. The owner of the data always has visibility and is always in control.04. Security isn’t just about good defense and damage control.
Data leaks and hacks are now an almost daily occurrence. Shyft’s proactive security features are designed to detect and deter threats before the network is ever compromised through the bridge watcher system.
The Story of Trust Online Online communication and commerce has evolved dramatically since the dawn of the web, but no one has solved the fundamental lack of verifiable trust online at scale — until today.
Shyft Network is a data attestation layer Shyft Network is a public blockchain protocol designed to aggregate and embed trust and validation into data stored on public and private ecosystems, and permissioned and permissionless networks. By facilitating bridging across siloed datasets, Shyft allows for layering of context on top of data, ultimately turning raw data into meaningful information.
By allowing and incentivizing individuals and enterprises to work together to add context to data, Shyft unlocks the ability to build authentic digital reputation, identity, and creditability frameworks.
Shyft Team
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