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Blockchain development is progressing faster with each passing year.
Where Ethereum was considered revolutionary in 2014, the Ethereum blockchains underlying technology has since been superseded by projects like EOS and Cardano.
However, its not just core blockchain technologies which are evolving, The use case and technology underpinning Smart Contracts first pioneered on Ethereum are evolving also.
Smart Contracts are Taking on More Complex Use Cases
Smart Contracts were initially presented to the world as alternatives to traditional Escrow services. More importantly, this use case is just as relevant today as it ever was. However, Smart Contracts are already capable of much more than just rule and penalty based automatic asset transfers.
Smart Contracts & AI
In an exciting recent development for future Smart Contracts, a new Artificial
Intelligence-based platform called Cortex, promises to bring executable AI equipped Smart Contracts to the cryptocurrency market.
Coded in Solidity just like regular Ethereum Smart Contracts, Cortex AI Smart
Contracts can be used to perform several autonomous functions. (Including
predicting the outcome of sporting events with an 80% accuracy rate.) Future AI Smart Contracts could, therefore, be used in several FX trading and international commodity market trading scenarios, in a similar way to automated trading bots.
Smart Contracts & Derivatives Trading
In 2018, the International Swaps and Derivatives Association proposed that Smart Contracts could be used to streamline mainstream financial market derivative trading. Specifically, by using Smart Contracts to transfer potential derivative trading risks between traders and organizations automatically. Barclays bank in the UK has since confirmed that using Smart Contracts in this way could boost interbank derivatives trading efficiency by up to 25%
Smarter Digital Copyright Management
While not a new idea, protecting copyright using Smart Contracts is gradually
becoming possible.Using a process called Trusted Timestamping blockchain technology and Smart Contracts will soon be able to assert the intellectual rights of content creators, by applying digital fingerprints to web content and media.
Multi-Asset-Trading Possibilities
Cryptocurrency and blockchain technology is gradually piquing the attention of major institutional investors. However, at present, it is not possible to directly trade coins like Bitcoin for real international commodity market assets like gold and crude oil.
In an attempt to make multi-asset trading possible, new decentralized exchanges like UPROSE, plan to use Smart Contracts to tokenize real world commodities and foreign currencies. Using smart contracts in this way will not only democratize trading but also, make it possible to instantly exchange real-world commodities for cryptocurrency and fiat cash, without any need for separate broker accounts or consideration of international trade restrictions.
For more info visit: https://uprose.io
Where Ethereum was considered revolutionary in 2014, the Ethereum blockchains underlying technology has since been superseded by projects like EOS and Cardano.
However, its not just core blockchain technologies which are evolving, The use case and technology underpinning Smart Contracts first pioneered on Ethereum are evolving also.
Smart Contracts are Taking on More Complex Use Cases
Smart Contracts were initially presented to the world as alternatives to traditional Escrow services. More importantly, this use case is just as relevant today as it ever was. However, Smart Contracts are already capable of much more than just rule and penalty based automatic asset transfers.
Smart Contracts & AI
In an exciting recent development for future Smart Contracts, a new Artificial
Intelligence-based platform called Cortex, promises to bring executable AI equipped Smart Contracts to the cryptocurrency market.
Coded in Solidity just like regular Ethereum Smart Contracts, Cortex AI Smart
Contracts can be used to perform several autonomous functions. (Including
predicting the outcome of sporting events with an 80% accuracy rate.) Future AI Smart Contracts could, therefore, be used in several FX trading and international commodity market trading scenarios, in a similar way to automated trading bots.
Smart Contracts & Derivatives Trading
In 2018, the International Swaps and Derivatives Association proposed that Smart Contracts could be used to streamline mainstream financial market derivative trading. Specifically, by using Smart Contracts to transfer potential derivative trading risks between traders and organizations automatically. Barclays bank in the UK has since confirmed that using Smart Contracts in this way could boost interbank derivatives trading efficiency by up to 25%
Smarter Digital Copyright Management
While not a new idea, protecting copyright using Smart Contracts is gradually
becoming possible.Using a process called Trusted Timestamping blockchain technology and Smart Contracts will soon be able to assert the intellectual rights of content creators, by applying digital fingerprints to web content and media.
Multi-Asset-Trading Possibilities
Cryptocurrency and blockchain technology is gradually piquing the attention of major institutional investors. However, at present, it is not possible to directly trade coins like Bitcoin for real international commodity market assets like gold and crude oil.
In an attempt to make multi-asset trading possible, new decentralized exchanges like UPROSE, plan to use Smart Contracts to tokenize real world commodities and foreign currencies. Using smart contracts in this way will not only democratize trading but also, make it possible to instantly exchange real-world commodities for cryptocurrency and fiat cash, without any need for separate broker accounts or consideration of international trade restrictions.
For more info visit: https://uprose.io
The Future of Blockchain Tech: Looking Ahead by a Decade
Bitcoin officially turned 10-years old at the start of 2019. Moreover, it is safe to say that Bitcoin and blockchain technology has evolved exponentially over the course of the past ten years.
As of 2019, major freight companies like Maersk are already using blockchain tech to track freight as it is shipped port to port. Likewise, blockchain tech developed by the Ripple Foundation is already being used by major financial institutions like American Express. The only question is, what might the world look like 10-years from now?
Bitcoin will have Reached $1 Million in Value
The first thing anyone wants to know when looking onto a cryptocurrency crystal ball, is will Bitcoin ever reach $1 million? The answer to this question is simple, yes. However, it is also likely that by 2029, Bitcoin will have reached $1 million but have already pulled back sharply.
By 2029, Bitcoin mining costs will have risen exponentially. It is, therefore, highly likely that Bitcoin will crash after reaching $1 million, as mining becomes economically unsustainable.
Multi-Asset Trading Platforms will be the Norm
New multi-asset trading platforms like UPROSE, are already laying the foundations of decentralized exchanges where cryptocurrency and international commodity market assets are traded instantly across borders. By 2029, it is, therefore, likely that FX trading and exchange of commodities like gold and crude oil, takes place exclusively on decentralized exchanges.
Blockchain Tech will be as Ubiquitous as Smartphones are Today
Several world governments plan to roll out 5G mobile telecommunications technology as early as 2020. When this happens, the long-awaited Internet of Things (IOT) will finally start to materialize. Moreover, given security concerns arising from ubiquitous connectivity, it is natural to expect that IOT apps of the future will be blockchain based.
Today, blockchain tech-based startups are already looking at ways to secure self-driving car AI systems using blockchain technology. In ten years, everything from computer operating systems and smart home appliances will, therefore, likely depend on blockchain-based security protocols.
Future Blockchain Development will Focus on Quantum Computing Resistance
Today, several D-Wave quantum computers capable of processing 2,000 qubits of data per second are already in operation. Each could easily break the encryption of many top market cap cryptocurrencies and decentralized apps. Future blockchain development will, therefore, likely focus on the development of quantum computing resistant cryptography and consensus algorithms.
Banks Will use Blockchain-Based Transaction Ledgers as Standard
Mainstream financial institutions love to loathe Bitcoin. However, American Express, Santander, and several other banks and payment processors, are already using blockchain technology to improve security and transaction settlement speeds.
Blockchain Tech will form the Backbone of the 2029 Internet
Cybersecurity experts in 2019, are already identifying emerging AI systems as a potential problem for future Internet security. For this reason, future blockchain development will likely be synonymous with Internet security, as blockchain tech is used to safeguard sensitive data systems.
Do you agree with our 2029 blockchain tech predictions? If so, make sure to comment below. Alternatively, let us know what you think the world of 2029 might look like.
For more info visit: https://uprose.in
As of 2019, major freight companies like Maersk are already using blockchain tech to track freight as it is shipped port to port. Likewise, blockchain tech developed by the Ripple Foundation is already being used by major financial institutions like American Express. The only question is, what might the world look like 10-years from now?
Bitcoin will have Reached $1 Million in Value
The first thing anyone wants to know when looking onto a cryptocurrency crystal ball, is will Bitcoin ever reach $1 million? The answer to this question is simple, yes. However, it is also likely that by 2029, Bitcoin will have reached $1 million but have already pulled back sharply.
By 2029, Bitcoin mining costs will have risen exponentially. It is, therefore, highly likely that Bitcoin will crash after reaching $1 million, as mining becomes economically unsustainable.
Multi-Asset Trading Platforms will be the Norm
New multi-asset trading platforms like UPROSE, are already laying the foundations of decentralized exchanges where cryptocurrency and international commodity market assets are traded instantly across borders. By 2029, it is, therefore, likely that FX trading and exchange of commodities like gold and crude oil, takes place exclusively on decentralized exchanges.
Blockchain Tech will be as Ubiquitous as Smartphones are Today
Several world governments plan to roll out 5G mobile telecommunications technology as early as 2020. When this happens, the long-awaited Internet of Things (IOT) will finally start to materialize. Moreover, given security concerns arising from ubiquitous connectivity, it is natural to expect that IOT apps of the future will be blockchain based.
Today, blockchain tech-based startups are already looking at ways to secure self-driving car AI systems using blockchain technology. In ten years, everything from computer operating systems and smart home appliances will, therefore, likely depend on blockchain-based security protocols.
Future Blockchain Development will Focus on Quantum Computing Resistance
Today, several D-Wave quantum computers capable of processing 2,000 qubits of data per second are already in operation. Each could easily break the encryption of many top market cap cryptocurrencies and decentralized apps. Future blockchain development will, therefore, likely focus on the development of quantum computing resistant cryptography and consensus algorithms.
Banks Will use Blockchain-Based Transaction Ledgers as Standard
Mainstream financial institutions love to loathe Bitcoin. However, American Express, Santander, and several other banks and payment processors, are already using blockchain technology to improve security and transaction settlement speeds.
Blockchain Tech will form the Backbone of the 2029 Internet
Cybersecurity experts in 2019, are already identifying emerging AI systems as a potential problem for future Internet security. For this reason, future blockchain development will likely be synonymous with Internet security, as blockchain tech is used to safeguard sensitive data systems.
Do you agree with our 2029 blockchain tech predictions? If so, make sure to comment below. Alternatively, let us know what you think the world of 2029 might look like.
For more info visit: https://uprose.in
Will Governments Ever Accept Blockchain-Based Cryptocurrencies?
At present, Bitcoin and several other forms of cryptocurrency are at least partly regulated by world governments. In fact, cryptocurrency is only illegal in a handful of countries including Bolivia, Sri Lanka, Ecuador, and Vietnam. The only question is, will world governments ever really recognize coins like Bitcoin as legal tender?
What Does Acceptance Mean?
For the most part, mainstream government acceptance of Bitcoin and other cryptocurrencies is a non-issue.
In the United States, Europe, and the UK, it is already possible to buy everything from a cup of coffee to a family home using cryptocurrency. What many people, therefore, mean when they ask if cryptocurrency will ever become more widely accepted is, will governments themselves ever transition to using digital currency?
Why Governments Wont Transition to Blockchain-Based Cryptocurrencies as we Know Them
For the foreseeable future, it is unlikely that governments will ever consider cryptocurrency equivocal to government-issued fiat cash. Moreover, this is mostly due to the potential for tax avoidance.
In the United States alone only 100 people out of a sample size of 250,000, could be evidenced as declaring cryptocurrency capital gains on their 2018 tax return. What is more, decentralized cryptocurrencies like Bitcoin interfere with more than just tax collection:
Privacy coins like Monero are still used to facilitate crime and other dubiously legal clandestine activities
Decentralized mining of coins like Bitcoin, make it impossible for governments to control their own money supply and policy
Cryptocurrency is still not backed by anything tangible
Digital currency is inherently deflationary, whereas governments depend on inflation to encourage economic growth
A much more significant problem also rests with the fact that many governments still dont fully understand how coins like Bitcoin work.
Governments May Become More Accepting of Cryptocurrency Eventually
While world governments might be unwilling to embrace cryptocurrency itself, the same is not true for the blockchain technology which underpins how coins like Bitcoin work.
At present, the UK and the United States already settle international payments via a Ripple XRP payment gateway. Moreover, the Ripple Foundation is regularly invited to attend major economic summits like Davos and Europan Central Bank conferences discussing the future of retail payments.
Governments Dont Like Decentralization
In Venezuela and Zimbabwe at present, out of control hyperinflation is resulting in rapidly declining living standards. In both cases, the official adoption of cryptocurrencies like Bitcoin could help tackle hyperinflation head-on. However, governments dont like centralized coins. Hence why Venezuelan President Nicolas Maduro has insisted on creating his own national form of cryptocurrency, the Petro.
Government Issued Cryptocurrencies May Eventually Become Commonplace
While it might be difficult for Bitcoin purists to accept, the first step toward national acceptance of cryptocurrency will likely rest with governments issuing their own centralized blockchain. Coins like Venezuela's Petro may, therefore, eventually become commonplace. However, top coins like Bitcoin will likely survive as they do now on the regulatory sidelines.
What Does Acceptance Mean?
For the most part, mainstream government acceptance of Bitcoin and other cryptocurrencies is a non-issue.
In the United States, Europe, and the UK, it is already possible to buy everything from a cup of coffee to a family home using cryptocurrency. What many people, therefore, mean when they ask if cryptocurrency will ever become more widely accepted is, will governments themselves ever transition to using digital currency?
Why Governments Wont Transition to Blockchain-Based Cryptocurrencies as we Know Them
For the foreseeable future, it is unlikely that governments will ever consider cryptocurrency equivocal to government-issued fiat cash. Moreover, this is mostly due to the potential for tax avoidance.
In the United States alone only 100 people out of a sample size of 250,000, could be evidenced as declaring cryptocurrency capital gains on their 2018 tax return. What is more, decentralized cryptocurrencies like Bitcoin interfere with more than just tax collection:
Privacy coins like Monero are still used to facilitate crime and other dubiously legal clandestine activities
Decentralized mining of coins like Bitcoin, make it impossible for governments to control their own money supply and policy
Cryptocurrency is still not backed by anything tangible
Digital currency is inherently deflationary, whereas governments depend on inflation to encourage economic growth
A much more significant problem also rests with the fact that many governments still dont fully understand how coins like Bitcoin work.
Governments May Become More Accepting of Cryptocurrency Eventually
While world governments might be unwilling to embrace cryptocurrency itself, the same is not true for the blockchain technology which underpins how coins like Bitcoin work.
At present, the UK and the United States already settle international payments via a Ripple XRP payment gateway. Moreover, the Ripple Foundation is regularly invited to attend major economic summits like Davos and Europan Central Bank conferences discussing the future of retail payments.
Governments Dont Like Decentralization
In Venezuela and Zimbabwe at present, out of control hyperinflation is resulting in rapidly declining living standards. In both cases, the official adoption of cryptocurrencies like Bitcoin could help tackle hyperinflation head-on. However, governments dont like centralized coins. Hence why Venezuelan President Nicolas Maduro has insisted on creating his own national form of cryptocurrency, the Petro.
Government Issued Cryptocurrencies May Eventually Become Commonplace
While it might be difficult for Bitcoin purists to accept, the first step toward national acceptance of cryptocurrency will likely rest with governments issuing their own centralized blockchain. Coins like Venezuela's Petro may, therefore, eventually become commonplace. However, top coins like Bitcoin will likely survive as they do now on the regulatory sidelines.
Throughout 2018, the cryptocurrency market waited with bated breath for the first Bitcoin Exchange Traded Funds to be approved. If approved, ETFs would have allowed international commodity market traders to invest in Bitcoin just like regular stocks.
Sadly, the last viable Bitcoin ETF application has recently been withdrawn by the Chicago Board Options Exchange.
As a new multi-asset trading platform, UPROSE Finmart is stepping in to bridge the gap between the crypto-coin market and traditional commodity markets.
Multi-Asset Trading Platforms are the Future
Up until recently, cryptocurrency advocates have been eagerly waiting for institutional investors to enter the cryptocurrency market. However, as a multi-asset trading platform we believe that broader cryptocurrency adoption can only be achieved by directly incentivizing investors.
What is the Multi-Asset Trading Platform?
A multi-asset platform is a crypto-coin, stock, forex and commodity platform. Instead of exclusively trading altcoins or commodities like crude oil, multi-asset platforms allow users to trade cryptocurrency for conventional commodities, stocks, fiat and vice versa.
- Multi-asset exchanges support cryptocurrency, FX trading, stocks and regular commodity trading
- Pairing the crypto-coin market with the international stock, forex and commodity market will help hasten broader cryptocurrency adoption
- Multi-asset trading platforms will make it easier for new-to-market investors to enter several markets simultaneously
In simple terms, multi-asset trading platforms will allow users to instantly trade coins like bitcoin for precious metals, foreign currencies, stocks, and several other commodities. Multi-asset platforms will also make it far easier for commodity and forex traders to invest in cryptocurrency. However, these arent the only benefits.
Multi-Asset Trading Benefits
At present, top crypto-coin market exchanges like Coinbase, limit how much cryptocurrency can be exchanged and liquidated at any one moment. Other platforms like Binance dont support fiat cash withdrawals at all. This makes it difficult for cryptocurrency traders to liquidate assets during volatile trading periods.
As a multi-asset platform UPROSE plans to change this. Instead of physically liquidating assets, traders will be able to instantly exchange digital assets for foreign currencies, stocks and potentially more stable commodities like crude oil.
- Multi-asset trading platforms can lower risks associated with both Cryptocurrency and FX trading
- Platforms allow Cryptocurrency, Forex, Stocks and Commodity traders to diversify their portfolios
- Multi-asset trading has the potential to reduce broader Cryptocurrency market volatility
Using a multi-asset trading platform can also help regular stock, forex and commodity traders lower transaction fees. Specifically, by allowing traders to trade a wide variety of tokenized asset classes without a need for an intermediary.
Using a multi-asset trading platform can also help regular stock, forex and commodity traders lower transaction fees. Specifically, by allowing traders to trade a wide variety of tokenized asset classes without a need for an intermediary.
UPROSE FINMART
At present, UPROSE Finmart is in the process of making multi-asset platforms a reality. We are a multidiscipline exchange that aims to turn the contemporary exchanges on their head. In doing so, we are providing our users with a unique opportunity to be the first to benefit.
One citizen. One world. One platform. One blockchain. One solution.
Hurry up and get your skates on Uprose. And Join The Growing Uprose Community!
For more information: https://uprose.io/
Sadly, the last viable Bitcoin ETF application has recently been withdrawn by the Chicago Board Options Exchange.
As a new multi-asset trading platform, UPROSE Finmart is stepping in to bridge the gap between the crypto-coin market and traditional commodity markets.
Multi-Asset Trading Platforms are the Future
Up until recently, cryptocurrency advocates have been eagerly waiting for institutional investors to enter the cryptocurrency market. However, as a multi-asset trading platform we believe that broader cryptocurrency adoption can only be achieved by directly incentivizing investors.
What is the Multi-Asset Trading Platform?
A multi-asset platform is a crypto-coin, stock, forex and commodity platform. Instead of exclusively trading altcoins or commodities like crude oil, multi-asset platforms allow users to trade cryptocurrency for conventional commodities, stocks, fiat and vice versa.
- Multi-asset exchanges support cryptocurrency, FX trading, stocks and regular commodity trading
- Pairing the crypto-coin market with the international stock, forex and commodity market will help hasten broader cryptocurrency adoption
- Multi-asset trading platforms will make it easier for new-to-market investors to enter several markets simultaneously
In simple terms, multi-asset trading platforms will allow users to instantly trade coins like bitcoin for precious metals, foreign currencies, stocks, and several other commodities. Multi-asset platforms will also make it far easier for commodity and forex traders to invest in cryptocurrency. However, these arent the only benefits.
Multi-Asset Trading Benefits
At present, top crypto-coin market exchanges like Coinbase, limit how much cryptocurrency can be exchanged and liquidated at any one moment. Other platforms like Binance dont support fiat cash withdrawals at all. This makes it difficult for cryptocurrency traders to liquidate assets during volatile trading periods.
As a multi-asset platform UPROSE plans to change this. Instead of physically liquidating assets, traders will be able to instantly exchange digital assets for foreign currencies, stocks and potentially more stable commodities like crude oil.
- Multi-asset trading platforms can lower risks associated with both Cryptocurrency and FX trading
- Platforms allow Cryptocurrency, Forex, Stocks and Commodity traders to diversify their portfolios
- Multi-asset trading has the potential to reduce broader Cryptocurrency market volatility
Using a multi-asset trading platform can also help regular stock, forex and commodity traders lower transaction fees. Specifically, by allowing traders to trade a wide variety of tokenized asset classes without a need for an intermediary.
Using a multi-asset trading platform can also help regular stock, forex and commodity traders lower transaction fees. Specifically, by allowing traders to trade a wide variety of tokenized asset classes without a need for an intermediary.
UPROSE FINMART
At present, UPROSE Finmart is in the process of making multi-asset platforms a reality. We are a multidiscipline exchange that aims to turn the contemporary exchanges on their head. In doing so, we are providing our users with a unique opportunity to be the first to benefit.
One citizen. One world. One platform. One blockchain. One solution.
Hurry up and get your skates on Uprose. And Join The Growing Uprose Community!
For more information: https://uprose.io/
Re: 🔥🚀[ANN] ⭐️UPROSE⭐️ - Trading Platform of The Future!! 🔥🚀
Hi! Why are you better than your competitors? Please tell about your benefits.
Hello,
Thank you for your interest! We do not have a competitor yet. There may be multi asset trading platforms, but there aint any multi asset trading platforms that plan to introduce cross asset trading. An example in case, could be Brent Crude vs General Electric.
Our features will include:
A decentralized trading platform
A proprietary algorithm based lightning fast blockchain
Atomic swap enablement
Multi-asset platform
Cross-asset trading pairs
Invention of forex triplets
Arbitrage solutions
We are currently Beta testing our Centralized exchange and our Decentralized exchange where our utility token can be used will be live before the ICO ends.
Re: 🔥🚀[ANN] ⭐️UPROSE⭐️ - Trading Platform of The Future!! 🔥🚀
Soft cap is reached?
or what is this? + have any live videos with team members?
or what is this? + have any live videos with team members?
We understand a lot of you are confused about the funds raised in the ico, and rightly too.
Here https://www.reddit.com/user/UproseFinMart/comments/arx0zp/the_amount_raised_through_the_ico/ is an official link to our announcement regarding the amount raised by the ICO so far. We have raised over $1 Mn
The hard cap bar was built in as a design with a customizable option. However, the linking of the bar to the proceeds raised was erroneously omitted by the developers in our last server update. This has left us red faced and a lot of you confused. We are totally on your side. Had we raised almost $60 Mn already, we would have been at the top of the heap.
However, we are in the process of revamping our entire website. We will also be adding regular updates regarding the progress through future announcements to make sure there is no further confusion. Please keep returning for our updates.
We are kickstarting a series of videos from some of our team members. The first video by Mr. Jeetu Kataria, our Chief-M&A is up on youtube! We will also be launching a teaser from our official corporate launch held in Oman on the 5th of February.
We really appreciate your patience! You can contact us here for further clarifications.
Link to the first team video: https://youtu.be/7ICOjss0tmo
🔥🚀[ANN] ⭐️UPROSE⭐️ - Trading Platform of The Future!! 🔥🚀
