Blockchain & Web3

Less predictable security, Merger and BTC ETF approved.

Author

Arun Chinnachamy
January 18, 2024

Blockchain and Web3

Blockchain and Web3 are intertwined technologies revolutionizing the digital landscape. While blockchain secures data without intermediaries, Web3 establishes a decentralized web for applications and services.

Combining blockchain with Web3 technologies enables the creation of efficient, secure, and transparent applications. Decentralized technologies, including blockchain, reshape services like databases and cloud computing. Other technologies like AI, ML, IoT, VR, and AR enhance data analysis in Web3 environments.

Transforming Internet Transactions

Blockchain changes online transactions, eliminating the need for third-party services like banks. Web3 and blockchain foster openness and transparency, allowing users to access content, agreements, and resources using cryptographic keys.

Blockchain and Crypto in Web3 Technology

Explore how blockchain and cryptocurrencies seamlessly integrate into the open, accessible, and borderless Web3 technology, emphasizing permissionless access, decentralization, digital payments infrastructure, trustless transactions, ownership transparency, and immutable transaction records.

The integration of blockchain and Web3 technologies marks a significant shift in the way we interact with the digital world. Their combination facilitates a trustless and decentralized environment, shaping the future of the internet.

🕵️‍♂️Web3 Security Is a Lot Less Predictable, Says ChainLight CEO. Link

  • Security in web3 and crypto is a different kettle of fish to its web2 counterpart.

  • According to Brian Pak, CEO of ChainLight, web3 is a much less predictable environment.

  • However, users and protocol leads are waking up to its monumental challenges.

🌐Forbes Makes Premium Content Free For Web3 Community Via Digital Wallet Connect. Link

  • Forbes introduces Connect Wallet, marking its entry into the web3 era.

  • Exclusive benefits include free access to Forbes Digital Assets premium content for users connecting their digital wallets.

  • Forbes emphasizes community engagement, allowing members to shape content, gain priority access, and receive insights into the digital assets landscape.

  • The user-friendly experience is ensured through a partnership with Magic, simplifying web3 interactions for a broader audience.

🚀 Klaytn's Web3 Merger: Leading Asia's Blockchain Revolution. Link

  • Klaytn and Finschia aim to merge, creating Asia's top blockchain with large user bases and applications.

  • A new token (PDT) is planned, with unique tokenomics including a 24% burn and lower inflation rate.

  • The merged blockchain will combine Ethereum and Cosmos tech for a high-performance, decentralized network.

📈Bitcoin Trader Tone Vays Warns At a Possible BTC Correction — What’s His Target? Link

  • Tone Vays warns of a significant Bitcoin correction, projecting a potential drop to the mid-$30,000s.

  • Vays plans to stay in cash until Bitcoin either breaks above $44,000 or drops to $36,000.

  • Key technical indicators, including the Momentum Reversal Indicator, 128-day moving average, and channel top, influence Vays' cautious stance.

  • Vays dismisses the likelihood of a pre-halving dump this time, setting $30,000 as the absolute low, but primarily focusing on the $36,000 level.