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“Governance is the most valuable innovation [blockchain] space is driving,” Charles Hoskinson at WCC 2019

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Charles Hoskinson at wcc 2019

Charles Hoskinson is a prolific speaker and puts his ideas across with ease.  This was even more evident during his keynote at the World Crypto Conference (WCC) in Vegas.  

Charles’s keynote was toward the last 30 minutes of the whole conference and yet the audience stayed until his keynote was over.  

He talked about how IOHK is working on deconstructing the concepts in the crypto space to make them more meaningful.  

“One of the advantages of the approach our company has is that we are fundamentally deconstructing a lot of ideas and concepts of cryptocurrencies and blockchains and protocols,” Charles said “one of the fun things about doing that is that you can separate fact from opinions.”

Charles spoke about how big brand names are now joining the research and conversation around cryptocurrencies and blockchain.  

“We will see an explosion of ideas in the next 24 months” Charles said, referring to the growing interest in the space and reputed institutes investing their time and money on research and validation of the crypto space.




What happens if Bitcoin became a global system?

Bitcoin greater than dollarIn the model of inclusive accountability, how do you achieve scalability with a system that is inherently too big to participate? 

“How big will the bitcoin blockchain be if it was truly a world scale system?” Charles asked “It could become so big that you cannot even download it.”

“Zero knowledge crypto could help achieve this property” Charles said referring to the ground breaking work being done in the space.

We have to make this technology work on a smartphone and on the internet connection in a coffee shop to make the universal adoption reality.  Blockchain and Crypto in its current form is not compatible with basic tools available with the public.

Properties of a transaction in traditional world also happen on Blockchain

Charles referred to the 5 properties of a transaction that need to be present whether the transactions happens on a blockchain or in traditional system.

  • Asset – there has to be something of value for exchange, like an asset
  • Actors – you need sellers, buyers, witnesses, etc.,
  • Story, metadata, when-where-who – you need to know the history of transaction, who is buying, who is selling, when was the property transferred, etc.,
  • Contractual understanding – Contractual terms must be understood and agreed upon
  • Regulatory environment – transactions must take place within the regulatory framework for it to be valid

For a blockchain protocol to be successful, it has to facilitate all of these aspects on any transaction that takes place on the blockchain.



KYC could be simplified without compromising the identity

During the Keynote, Charles talked about how centralizing identity management using blockchain can greatly simplify the KYC process and help everyone comply with the regulations without increasing the complexity or compromising one’s identity.

Imagine a scenario where we can encrypt the identity and verification that meet KYC standards right into the transaction?

It is possible with a blockchain based KYC profile with 2 factor authentication built in.  For instance, you could authorize the company holding your identity and they could confirm your identity through encrypted code without ever revealing your identification data.  This brings speed and security to the identity management.

You will only need one verified source of identity that can be used in all of your transactions without ever compromising on security or speed.

Governance is the most valuable innovation coming out of blockchain space

Most of the existing regulations are opinionated and were slapped on the people without their consent or agreement.  Most of these regulations are pre-internet era and need to be changed to come to terms with how the world works.

“It cannot be the 3 or 4 regulators coming together and dictating this is what we must do,” Charles said “when people come together in a global movement, then people become in charge.”

Thank you for reading the article.

IMPORTANT DISCLAIMER

Everything in this article is an opinion, not an advice of any kind. This material has been prepared for general informational purposes only and it is not intended to be relied upon as accounting, tax, investment, legal or other professional advice. Please consult with a professional for specific advice.

We do not endorse or guarantee the accuracy of the information and claims made.

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Press Release

Ethereum Creator Vitalik Buterin to Deliver Special Keynote at LABITCONF’s Digital Experience December 7-12

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Labitconf

Cryptocurrency Pioneers Anthony Di Iorio, Charlie Shrem, Adam Back, Peter McCormack, Erik Voorhees, Brock Pierce and Jukka Blomberg also join speaker lineup

LABITCONF will feature a scavenger hunt for a $1,000 crypto prize and a closing celebration on the “Moon”

ARGENTINA, December 3, 2020 – Latin American Bitcoin & Blockchain Conference (LABITCONF), the world’s longest running bitcoin and blockchain event in the LatAm region, today announced a special keynote address will be given by Ethereum creator Vitalik Buterin at the LABITCONF virtual event December 7-12, 2020.

Other LABITCONF key speakers include Blockstream Co-Founder Adam Back, host of “What Bitcoin Did” podcast and “Defiance” podcast Peter McCormack, ShapeShift CEO Erik Voorhees, and LocalBitcoins CMO Jukka Blomberg, as well as an “Oldies but Goodies” panel with cryptocurrency’s earliest pioneers including Ethereum Co-Founder Anthony Di Iorio, Bitcoin Foundation Founder Charlie Shrem, and former independent candidate for President of the United States Brock Pierce.

“We are excited to have these top industry leaders and early crypto pioneers headlining our event. Aligning with our space-theme, you could say our roster is like ‘a sky full of stars,” said Rodolfo Andragnes, LABITCONF Chief General Coordinator. “Our attendees can gain valuable insight into blockchain’s journey to look into its future.”

The full LABITCONF event will explore the impact of cryptocurrency on the Latin American and global scene, and its potential for social and financial transformation, all in a one-of-a-kind, free, digital experience. The agenda will be organized into five days, each with a theme: Bitcoin, Policy and Regulation, Bitcoin Development, Decentralized Finance, and Social Impact Projects.

Day six will feature a VR ‘Moon Party’ closing celebration, complete with a live DJ, avatars in spacesuits, a dinosaur park, global art and more. LABITCONF is historically known not only for its content, but for giving attendees a cultural experience through unforgettable, fun, and creative networking events.

All attendees are welcome to participate in the sponsored Seed Pirates‘ scavenger hunt to figure out the 12 word seed (BIP39 dictionary) that opens a prize wallet of $1,000 in crypto. Clues will be floating in the Moon Party in the form of riddles, songs, movies, puzzles and more. Seed Pirates has been running since March and has given out over $5,000 over 30 maps (including one with the 4th of July’s declaration). To participate, register at seedpirates.com and join their Telegram channel to learn more about solving techniques.

All public and private institutions, investors, entrepreneurs, and the general public interested in the technical, political, and legal foundations of blockchain technology are encouraged to attend. Complimentary pre-registration is available at www.labitconf.com.

For more information, follow @LABITCONF on social media and follow the hashtag #LABITCONF2020 on Twitter.

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Press Release

Latin American Bitcoin Conference Crosses Frontiers Through Digital Experience, Joined By Industry Heavyweights Andreas M. Antonopoulos, Alena Vranova, Alex Gladstein, and Bruce Fenton

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LAbitconf

ARGENTINA, November 23, 2020 – Latin American Bitcoin & Blockchain Conference (LABITCONF), the longest running bitcoin and blockchain event in the region, today announced a new round of speakers and agenda topics for their event on Dec 7-12. Despite the global pandemic landscape, LABITCONF will continue to provide quality content on Bitcoin technology, as well as international monetary policies, legal challenges and the most innovative Blockchain implementations.

In LABITCONF’s  digital event this year, different technologies and proposals will be combined to make the saying “Not just a conference” a reality. Unlike most virtual events, LABITCONF will include, in addition to regular sessions,  five 10-minute videos with exclusive, informative content in a three-dimensional format for attendees to learn and discuss the most important topics in bitcoin and blockchain.

LABITCONF is known for proposing different points of view on issues on the public agenda. The event achieves this by creating a highly curated agenda with industry leaders like Andreas M. Antonopoulos, Alena Vranova, Stephan Livera, Alex Gladstein, Bruce Fenton, Matthew Mežinskis, Griff Green, Jordi Baylina, Aron Coeli, Alejandro Planzas, Rocelo Lopes, Diego Gutierrez Zaldivar, Sergio Lerner, and Adrian Garelik.

Historically the conference has supported the formation and growth of communities in the Latin American region. This year, faithful to its history, dedicated agenda content will be focused on the main communities in the region: Brazil, Mexico, Argentina, Colombia and Venezuela, Alianza Blockchain Iberoamérica, Bitcoin Argentina, Fundación Bitcoin Iberoamérica, EspacioBitcoin, and La Bitcoineta. In an effort to make knowledge more accessible, this year’s event will also incorporate introductory content in Spanish for enthusiasts and beginners.

LABITCONF will be defined by 5 themes that structure each day of the conference, followed by a ‘Party on the Moon’ on the sixth day of the event. LABITCONF’s goal is to understand and reflect on how technology continues to evolve and redefine not only finance, but the world as we know it. In addition to the valuable content that characterizes LABITCONF, there will be optional streaming panels and other expert chats.

“The financial chaos that has prevailed in Latin America has made it a revolutionary region in the adoption of new technologies and innovations in cryptocurrencies,” said Rodolfo Andragnes, LABITCONF Chief General Coordinator. “Representatives from Brazil, Mexico, Argentina, Colombia and Venezuela will take to the stage to debate multi-sectorally and tell the global audience about the reality of Bitcoin and Blockchain in the region.”

LABITCONF 2020 Agenda Topics include:

  • Pillars of Bitcoin: The fundamentals of Bitcoin as a crypto asset. Privacy and data. Internet of value and Bitcoin as a time reserve.

  • Policy and Regulation: Current context, monetary issue and the role of Central Banks. New challenges looming regarding the future of money.

  • Bitcoin development: What is the roadmap for Bitcoin, how this technology evolves and in what ways the industry is going to change.

  • Decentralized Finance: A tour of the latest in Decentralized Finance (DEFI) and its comparison to Centralized Finance (CEFI). Issues such as decentralized identity will also be addressed.

  • Social impact projects: Community initiatives and concrete cases of how the blockchain is being used to promote positive actions towards a more just society.

LABITCONF invites all public and private institutions, investors, entrepreneurs, and the general public interested in the technical, political, and legal foundations of blockchain technology to attend. The event will explore the  impact that cryptocurrencies have on the Latin American and global scene, and their potential for social and financial transformation.

Complimentary pre-registration is available here: www.labitconf.com.

For more information, follow @LABITCONF on social media and use the hashtag #LABITCONF2020 on Twitter.

About LABITCONF

Now in its 8th year, the “Latin American Bitcoin & Blockchain  Conference” (LABITCONF), is the oldest and most relevant blockchain event in the  region. Year after year 90+ international speakers share their  knowledge with attendees from different industries  with entrepreneurs and investors from Oceania, Asia and Europe.

This non-profit event is organized annually in different Latin  American countries, with the aim of making visible the diverse trajectories  and initiatives of local projects that explore decentralized technologies.

LABITCONF has positioned itself as the most prominent  Latin  American event for the crypto adopter ecosystem. This region has suffered  frequent currency crises and abusive capital controls, which is why these  countries have been more open to rethinking new alternatives and adopting  decentralized technologies through blockchain solutions. LABITCONF has fostered entrepreneurship, growing a  network of blockchain communities from several Latin  American countries that has led to the start of many large-scale projects.

More about LABITCONF www.labitconf.com

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Press Release

ICON Blockchain Network Launches ICONFi, A New Crypto Staking-and-Earn Service Built for Beginners

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IconFi launch

ICONFi makes it easier than ever to grow your digital asset investments starting with ICX, BTC, ETH, and USDT

Singapore — November 23, 2020 at 7 am EST —  The ICON blockchain network, one of the world’s largest decentralized networks, today announced ICONFi (https://icon-fi.com/), a new cryptocurrency staking-and-earn service built for beginners. ICONFi introduces easy-to-use features like one-click staking and automated re-staking to make it easier than ever for people to grow their digital asset investments. The service supports ICX, BTC, ETH, and USDT, with plans to add new cryptocurrencies in the future based on demand.

For many crypto users, decentralized wallets are challenging to operate properly, resulting in the loss of private keys or passwords and ultimately the loss of funds. This can deter people from the crypto ecosystem altogether. ICONFi was designed to solve this problem with a simple, secure, low-friction service for helping users stake and grow their digital asset investments. ICONFi is a hassle-free, all-in-one wallet that integrates services designed to grow digital assets of all kinds, allowing beginners to get involved with crypto yield products and services.

“Our goal with ICONFi is to create a more inclusive and diverse ICON community by bringing clear benefits to crypto beginners,” said Min Kim, ICON Project Founder. “We believe ICONFi can be the gateway to other DeFi products like decentralized wallets, as well as an entry point for the ICON ecosystem and blockchain technology as a whole.”

Key features of ICONFi include: 

  1. One-Click Staking for Rewards. This feature simplifies the staking process, and helps ICX holders vote more easily.

  2. Auto ICX Claiming and Re-Staking for More Rewards. Many users are frustrated with the process of manually claiming and re-staking their digital assets. This highly requested feature automates the process to accelerate staking, and helps to further secure the ICON network.

  3. Staking and Earn Support for Additional Digital Assets. ICONFi will support savings products for digital assets outside of the network, starting with BTC, ETH, and USDT. Support for additional cryptocurrencies will be based on community interest.

ICONFi is led by Min Kim, Founder of the ICON Project, and Sean Kim, a seasoned expert in financial products and underlying trading systems. The ICONFi team currently consists of fifteen (15) members with extensive background in quantitative trading, asset management, business operations and blockchain technology.

The service will open in December 2020. At launch, ICONFi will offer a 20% APY fixed-term product on select crypto asset deposits.

ABOUT ICONFi

ICONFi (https://icon-fi.com/), a cryptocurrency staking and earn service. ICONFi provides a simple solution for staking ICON’s cryptocurrency, ICX, and allows users to earn yields on other assets including BTC, ETH, and USDT. ICONFi helps crypto newcomers grow their investments with a simple, secure, low-friction service. ICONFi’s features include one-click staking for rewards and automated claiming and re-staking.

Company Contact: support@icon-fi.com

Media Contact: Transform Group, icon@transformgroup.com

IconFi IconFi

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