Big Eyes Coin, Filecoin, and Polkadot are three of the most promising next-generation Cryptocurrencies

The advent of cryptocurrencies has made it possible to obtain monetary value in various ways. Not only that, but most crypto tokens run on a decentralised basis, which means that intermediaries aren’t even necessary for transactions to go through. In addition, several businesses and organisations are beginning to acknowledge certain cryptocurrencies as valid forms of payment.

The blockchain and cryptocurrency sectors are also making progress. Several coins, including Big Eyes Coin (BIG), Filecoin (FIL), and Polkadot (DOT), are working to push the cryptocurrency industry forward.

Read on to learn more about these cryptocurrencies.

Filecoin (FIL)

Filecoin (FIL) is a cryptocurrency and a decentralised file-sharing network developed by Juan Benet and his colleagues at Protocol Labs. FIL takes advantage of blockchain technology to give users access to many benefits.

Filecoin (FIL) is a cryptocurrency that aims to capitalise on the rising demand for decentralised file-sharing networks by combining several technologies to give users access to unique features in exchange for FIL.

Due to the industry’s centralized nature, Filecoin (FIL) addresses many issues plaguing the present cloud storage sector. The global network of computer operators on the Filecoin (FIL) platform are incentivised to facilitate user-to-user file-sharing and storage, foster greater user collaboration, and employ appropriate filtering due to the platform’s centralisation. Due to these advantages, the Filecoin (FIL) community has rapidly expanded.

The Filecoin network uses the FIL token, the network’s native token. FIL tokens are accepted as payment, and they are flexible digital assets that may be traded on exchanges throughout the world.

Polkadot (DOT)

Polkadot (DOT) is revolutionary because it enables users to move data around several blockchain networks (public, open, and private) while retaining the benefits of each. As a result, Polkadot’s (DOT) scalability, interoperability, and security are significantly improved.

Some experts have speculated that Polkadot’s (DOT) capabilities could become significant competition for Ethereum (ETH). Polkadot’s network token, DOT, plays a key role due to its status as the network’s native cryptocurrency. It can be utilised in proposal submission, governance decision participation, voting, and bonding. It’s also a viable option for making online purchases.

Polkadot (DOT) aims to foster better solutions and a web-independent society in which trust is not susceptible to tampering by facilitating the development and interconnection of decentralised applications, services, and businesses.

Big Eyes Coin (BIG)

The Big Eyes Coin (BIG) platform is working to create a decentralised ecosystem without the usual unwanted taxes or fees; this is a significant benefit to the current cryptocurrency community.

The only costs incurred would be those associated with the NFT marketplace. When an NFT is resold, 5% of the proceeds are given to the owners of the Big Eyes Coin (BIG) tokens, 4% is given to the person who originally had the token, and 1% is donated to a charitable organisation.

Expanding the Big Eyes Coin (BIG) token into the non-fungible token (NFT) market can only benefit the token’s development and value. With preparations underway to have it introduced on the Uniswap (UNI) platform, where it will very soon be possible to trade it both for and against other tokens, the future of the meme token seems bright. Potentially, it might yield x200 or more in earnings down the road.

Argentine Airline Flybondi to Adopt NFT Technology for Ticket Issuance

 

Flybondi, a low-cost Argentine airline, is introducing blockchain tech in its operations. The company announced recently it will start issuing tickets as non-fungible tokens (NFTs), broadening the possibilities of what customers can do with them. Users will be able to sell or transfer the tokens to other travelers up to three days before the applicable flight, for example.

Flybondi to Issue NFT Tickets

More companies are including NFTs as part of their business models due to the perceived benefits and advantages they can bring. Flybondi, a low-cost Argentine airline, has also decided to use blockchain tech in its operations, announcing it will issue tickets as non-fungible tokens (NFTs), broadening the scope of what customers can do with them.

The solution, which was developed by Travelx, a blockchain tech development company, will allow customers to trade, transfer, and sell the tickets, changing the names of the users up to three days before the flight.

The alliance also introduced the possibility of purchasing these tickets using Binance Pay with stablecoins, including USDC at the beginning. However, Travelx announced that other stablecoins will be included to provide more possibilities to customers.

Regarding the benefits users may enjoy with the change, Travelx stated:

This innovation in the industry will allow greater flexibility for travelers who will be able to anticipate their travel plans by accessing better rates without the risks associated with purchasing tickets well in advance.

The inclusion of Web3 tech and NFTs in such operations will open secondary markets for customers. About the use of these new technologies, Travelx stated the move brings a new phase “where the travel industry and the world of the new web3 come together to provide a much more flexible experience for travelers, while generating new sources of revenue and a strong reduction in transactional costs for airlines.”

According to Flybondi’s statements, the company is one of the pioneer organizations implementing this kind of functionality and expects others to follow if this experiment proves successful.

Projects using NFTs as part of their operations have multiplied this year. On September 8, the European Union announced a plan to use NFTs to protect intellectual property and fight counterfeiting. In August, a report issued by Grand View Research, a market research company, estimated the NFT market will grow to reach $200 billion in 2030.

 

Nigeria drops out of world crypto adoption prime 10 record

Nigeria and Kenya have dropped out of the highest ten nations globally which have adopted cryptocurrencies, in response to the 2022 International Crypto Adoption Index report launched by Chainalysis, a blockchain analytics platform.

Nigeria, Africa’s largest crypto market, moved from the fifth place in 2021 to the eleventh place whereas Kenya dropped to nineteenth from sixth. Morocco, which was not within the rating final yr, overtook Kenya, Togo, South Africa and Ghana to presently occupy the 14th place.

Why the decline?

Most business observers is perhaps curious as to what triggered the decline by Nigeria. However evaluation of the report confirmed that it was because of the change in metrics utilized by Chainalysis for the 2022 International Crypto Adoption Index.

The 2021 version of the report used crypto adoption of the common particular person and transactions, new circumstances, and particular person financial savings. Conversely, the 2022 index centered on institutional exercise, that means the place customers are placing probably the most vital a part of their cryptocurrency cash.

In Nigeria, recall that in January 2017, the Central Financial institution of Nigeria (CBN) positioned a ban on transacting in cryptocurrencies or facilitating cost for cryptocurrency exchanges. Though a big variety of P2P transactions go on within the nation, there’s nonetheless an absence of serious institutional actions.

The rationale for the decline in response to Senator Ihenyen, the President of Stakeholders in Blockchain Affiliation of Nigeria (SiBAN) is because of the 2022 metrics that are removed from Nigeria’s sturdy areas.

“The most important cause Nigeria shouldn’t be within the first 10 is that the Chainalysis report seemed past the areas the place Nigeria is understood to be very sturdy. As an example, whereas Nigeria scores extremely in grassroots adoption with its ever-growing P2P market, Nigeria shouldn’t be as sturdy relating to different areas equivalent to centralised retail transactions, DeFi, and institutional adoption”, he explains.

He reiterated Nigeria has a low buying energy in comparison with different nations on the record equivalent to the USA, Indonesia and Brazil. So Nigeria depends on crypto to remit cash, hedge inflation and pay for cross-border companies principally by P2P change.

“That is the place we’re strongest. And that is why for instance the USA, which is presently ranked third on the worldwide crypto index, ranks 111th when P2P transactions are solely thought-about. Nigeria even beats Vietnam, the no. 1 nation in crypto adoption, in P2P crypto transactions.”

“Institutional adoption in Nigeria, so long as the CBN is but to vary its stance on crypto, will proceed to be impaired. Though with the brand new SEC guidelines on digital belongings in Nigeria, I anticipate some little positive aspects in institutional adoption, however once more if the CBN helps the SEC by guaranteeing licensed operators have entry to financial institution accounts”, he provides.

Extra on the 2022 International Crypto Adoption Index

The 2022 International Crypto Adoption Index, is part of the 2022 Geography of Cryptocurrency Report by Chainalysis that will likely be launched later.

The index considers the adoption of digital belongings throughout 154 nations and compares them utilizing 5 completely different “sub-indexes,” together with on-chain cryptocurrency worth acquired at centralised exchanges, the on-chain retail worth acquired at centralised exchanges, peer-to-peer (P2P) change commerce quantity, on-chain cryptocurrency worth acquired from DeFi protocols, and on-chain retail worth acquired from DeFi protocols.

The 5 completely different sub-indexes are all weighted by buying energy parity (PPP) per capita, a metric economists use to check requirements of residing between nations. The purpose of releasing the report yearly, in response to the Chainalysis report is to assist nations maintain tabs on their cryptocurrency efficiency yr on yr:

“The purpose of this sub-index is to rank every nation by whole cryptocurrency exercise occurring on centralised companies, and to then weight the rankings to favour nations the place that quantity is extra vital based mostly on the wealth of the common particular person and worth of cash usually throughout the nation.”

The report confirmed that though international adoption of cryptocurrency reached its all-time excessive in Q2 2021. Since then, adoption has moved in waves – it fell in Q3, which noticed crypto worth declines, rebounded in This autumn when the costs rebound to new all-time highs and has fallen in every of the final two quarters as we’ve entered a bear market. Nonetheless, it’s necessary to notice that international adoption stays nicely above its pre-bull market 2019 ranges.

The info additionally means that the individuals who had been attracted by rising costs in 2020 and 2021 caught round, and proceed to speculate a big chunk of their belongings in digital belongings.

Massive, long-term cryptocurrency holders proceed to carry by the bear market, and so whereas their portfolios have misplaced worth, these losses aren’t locked in but as a result of they haven’t bought— the on-chain knowledge suggests these holders are optimistic the market will bounce again, which retains market fundamentals comparatively wholesome.

Vietnam retained its place final yr as the worldwide main nation for cryptocurrency and was adopted by the Philippines and Ukraine.

Different noteworthy modifications on the highest 10 lists had been India on the 4th, the USA on the fifth, Thailand at eighth and China again within the tenth place (that is regardless of the Chinese language authorities’s crackdown on cryptocurrency exercise, which features a ban on all cryptocurrency buying and selling introduced in September 2021).

Here’s a view of the highest 20 nations on the index.

 

The 2022 Index signifies that the crypto adoption price has slowed down globally general. That is because of the incessant bearish market situations. Though costs of crypto cash are nonetheless higher than what they had been on the earliest time of the crash.

Rising markets dominate the index. The report used the World Financial institution categorisation of nations into one in all 4 based mostly on revenue ranges and general financial growth: excessive revenue, higher center revenue, decrease center revenue, and low revenue.

  • Ten are lower-middle revenue: Vietnam, Philippines, Ukraine, India, Pakistan, Nigeria, Morocco, Nepal, Kenya, and Indonesia.
  • Eight are upper-middle revenue: Brazil, Thailand, Russia, China, Turkey, Argentina, Colombia, and Ecuador.
  • Two are high-income: the USA and the UK.

The report emphasised the aim of the adoption of cryptocurrency by customers within the decrease center and higher middle-income nations. “…Customers in these nations depend on cryptocurrency to ship remittances, protect their financial savings in occasions of fiat forex volatility, and fulfil different monetary wants distinctive to their economies. These nations additionally are inclined to lean on Bitcoin and stablecoins greater than different nations.”

 

Hong Kong to Start Testing Digital Currency in Coming Months

Hong Kong to Start Testing Digital Currency in Coming Months

China’s special administrative region of Hong Kong is going to trial а digital version of its dollar as early as this year, in preparation for eventual roll-out. The territory is trying to catch up with those that are already launching central bank digital currencies, including the People’s Republic with its digital yuan project.

Trials of Digital Hong Kong Dollar Planned for Q4

Hong Kong intends to begin testing a currency called the e-HKD, a digital incarnation of the Hong Kong dollar, in the remaining months of the year. The trials will be facilitated by the adoption of legislative amendments and the building of digital infrastructure necessary to support the project, the Hong Kong Monetary Authority (HKMA) announced, quoted by the South China Morning Post.

The pilot phase comes after consultations conducted to gather feedback on potential demand, privacy aspects, and other issues that may arise around the issuance of a central bank digital currency (CBDC). Howard Lee, deputy chief executive of the HKMA, which performs the role of a central bank, elaborated:

Although there might not be an imminent use case for e-HKD, taking into account the findings of our study and the feedback from market consultation and international development, the HKMA will start paving the way for e-HKD implementation and will proceed toward a launch of e-HKD in the future.

The high-ranking official also noted that many jurisdictions are already exploring the launch of CBDCs. Participants in the consultations held by the banking authority expressed their concerns that Hong Kong is lagging behind and needs to catch up with the international trend.

The trials will involve selected banks, payment providers, and tech firms. These entities will examine the usage of the digital currency among their employees and a small number of clients, Lee detailed. “The purpose of introducing the e-HKD is to provide more choice for the customer,” the deputy CEO added. He also emphasized that the move will not affect Hong Kong’s three note-issuing banks.

HKMA to Set Timeline for e-HKD Launch After Tests

Following the pilot phase, the Hong Kong Monetary Authority will set the timeline for launching the e-HKD, said Colin Pou, executive director for financial infrastructure at the HKMA. The regulator first announced the CBDC plan in June 2021, as part of the Fintech 2025 strategy. A white paper was issued in October and the consultations ended in May.

Dozens of central banks around the world have been studying digital currencies and taking steps to create their own. The People’s Bank of China (PBOC) has been running pilot programs for its digital yuan (e-CNY) in a number of cities and recently announced the expansion of the pilot area in four of them to the province level.

Hong Kong has also conducted small-scale tests with the e-CNY this year, Howard Lee revealed earlier this month. Last summer, the region’s financial authorities said they will link the digital yuan to its domestic payments system. Besides its cooperation with the PBOC, the HKMA has been also working with the central banks of Thailand and the United Arab Emirates on cross-border CBDC payments.

 

London: Specialists Recommending Uniglo (GLO), Sprint (DASH), PAX Gold (PAXG) And Ethereum Traditional (ETC) For New Traders

 

Uniglo (GLO) — Massively diversified investing in a single token.

Uniglo (GLO) is a brand new DeFi protocol and DAO that’s constructing an funding group with the mission of placing collectively a massively diversified portfolio of digital belongings. Not simply cryptocurrencies and NFTs but in addition any belongings that may be tokenized, resembling gold, shares, actual property, positive artwork, collectibles, and many others. 

The tokenomics of GLO enormously favor ICO traders as everybody who is available in after launch should pay a ten% tax on all buys and sells. The tax funds the treasury (5%), auto-burn tokens (2%), and operations and advertising. The tax assures that the treasury is all the time rising in each bull and bear markets and that the circulating provide of the GLO token is all the time falling. The extra unstable the markets, the quicker the treasury grows, and the quicker the availability of GLO falls. As you’ll be able to see, along with squashing volatility, this dramatically advantages early adopters.

Uniglo remains to be in ICO mode, and the presale ends in mid-October. Nevertheless, you will get in on the presale by visiting the Uniglo.io web site. Whilst you’re there, try the modern whitepaper. 

Uniglo makes diversified investing tremendous easy. You could purchase and maintain the GLO token to personal a chunk of the treasure trove. This simplicity and tokenomics give GLO a shot at being the primary funding DAO to see mass adoption. 

Sprint (DASH) — Lagging however able to spring 

Sprint is an open-source cryptocurrency that started as a privacy-focused coin. It was forked from Litecoin, which was forked from Bitcoin. Like Uniglo, Sprint can be a DAO. It’s ruled by a subset of customers known as “masternodes.” At present sitting round $45, if the crypto market sees a surge, $DASH may simply make it up previous its subsequent resistance stage of $130, placing in a greater than 300% acquire earlier than the 12 months is out. 

PAX Gold (PAXG) — gold with large liquidity

Pax Gold is a stablecoin created by Paxos Normal. Every PAXG token is backed by one troy ounce of a 400 oz London Good Supply gold bar saved in Brink’s vaults. PAXG permits for publicity to Gold markets with out utilizing an ETF, futures contract, or different by-product product. With the present high-inflation economic system, gold is changing into an increasing number of engaging to traders with a low-risk tolerance. Subsequently, if gold goes up, PAXG goes up with it.

Ethereum Traditional (ETC) — A brand new haven for ETH PoW miners

Ethereum Traditional is a modified model of Ethereum. It’s the unique model of Ethereum earlier than it hard-forked to take care of a breach. Ethereum Traditional is shaping as much as be an enormous winner within the upcoming Ethereum Merge because it has been attracting the proof-of-work miners who’re abandoning Ethereum because it transitions to proof of stake. So search for ETC to proceed its runup as much as and after the Merge.

Crypto Industry Trends Forecast 2020-2023

 

When it comes to the cryptocurrency market, it seems that there are no accurate predictions. We know very little about a new kind of money. Bitcoin, the first cryptocurrency, was released in 2009, just 11 years ago, and now we have a multi-billion dollar crypto market that appeared almost out of nowhere. Therefore, experts can predict the price of Bitcoin in 2025 which ranges from $1,000,000 to 0.0000001, and every prediction has a chance of being fulfilled.

Of course, cryptocurrency trading is not limited to Bitcoin: Ethereum, Monero, Litecoin and other currencies account for almost half of the market. However, bitcoin reigns supreme in the crypto world. Bitcoin is trending due to the zero risk of inflation, and its compound annual growth rate (CAGR) is expected to be 3% between 2019 and 2024. As a result, any analysis and forecasts from the Bitcoin perspective must take into account.

The cryptocurrency market operates on the same principles as other financial markets. Japanese candles and other indicators, according to technical analysts, can be seen on the charts. Simply put, many market indicators reflect human behavior rather than the true cost of the stock. An experienced analyst can track and identify patterns of movement themselves, as well as create graphs of future changes.

Factors affecting the cryptocurrency industry
Regardless of their relative importance, each of them is important. Moreover, each of these factors has the potential to derail future expectations. As a result, it is necessary to follow them in order to have a better understanding of the market. We have identified several major cryptocurrency industry trends.

Store Information
The cryptocurrency market is not affected by the major economic and political news that affects the forex and stock markets. The US unemployment rate, the US-China trade war, and the new European Central Bank interest rate could all cause chaos in currencies and securities. On the other hand, the specific set of news related to cryptocurrencies is the main factor of influence and driving force of market fluctuations.

The crypto market is focused on new government regulations and other government moves. Moreover, this market is sensitive to updates – the successful launch of new platforms, price updates, movements of major players, etc.

Expert opinions
The pool of crypto experts is diverse. On the other hand, the cryptocurrency market values ​​technical experts, owners of large startups, major investors in the market, and others. On the other hand, the crypto market is full of social climbers – YouTube bloggers, news writers, self-promoting traders and other loud voices.

As a result, distinguishing between a true expert’s opinion and a forgery is a difficult task. As a result, expert opinions have an impact on the market, but the reaction is also short-lived. When market participants realize that they are dealing with a fraud, they stop the transaction and start waiting for the real news.

Rumors about cryptocurrency
The main difference between news and rumors is the ability to verify information. Real-life events, trends, economic indicators and other searchable data are used to generate market news. At the same time, rumors are based on opinions and quotes. However, thousands of investors are buying and selling cryptocurrencies based on rumors. These transactions cause price changes.

When the cryptocurrency market was at its peak in 2017, even minor news could cause prices to fluctuate. However, the cryptocurrency market will be calmer in 2020. For example, the “breaking news” that Elon Musk intends to invest $1 million in Bitcoin is unlikely to impress investors. However, rumors are a way to manipulate the market, so the cryptocurrency market is not immune to it.

Technology updates
Cryptocurrencies are based on blockchain systems and were probably the first high-tech payment method. However, technologies do not exist in a vacuum: they evolve and change all the time. Significant technological changes can be detrimental to the cryptocurrency market, but they usually do not happen suddenly, giving the market enough time to adapt.

For example, the crypto world is waiting for the new Bitcoin halving in 2020. Bitcoin halving is the process of dividing the number of rewards generated per block in order to keep the total supply of Bitcoin below 21 million. The previous halving drew attention to Bitcoin and raised its price. There is no reason to wait until next year for another scenario.

gold cost
Gold is widely considered one of the leading active reserve assets in the financial markets. When the value of fiat currencies fall, financial investors turn to reserves such as gold, silver, and commodities. Cryptocurrencies are also an alternative investment option in times of economic turmoil. The increased demand for the metal is driving up the price of gold, and investors are starting to buy bitcoin.

And due to the Corona virus pandemic, the price of gold reached new heights in 2020. China is the largest exporter of gold in the world, and production there stopped after several weeks of quarantine. Due to the limited production of the metal, the price of gold rose and the demand for Bitcoin increased dramatically. However, another economic downturn could frustrate investors and drive them away from the volatile cryptocurrency market.

Trends in Cryptocurrencies 2020-2023
Keeping in mind the key impact factors, any crypto player should also follow the major crypto trends 2020-2023. Of course, everything can change very quickly: no one expected the coronavirus pandemic and the global quarantine at the beginning of 2020, not to mention the economic crisis in the world’s leading economies. We created the forecast based on the current market situation and hope that major crypto trends will continue indefinitely.

COVID and Bitcoin: Halving for 2020
As mentioned earlier, the previous halving of 21 million bitcoins has intrigued investors. The reason is straightforward: the scarcity of new bitcoin supply is driving up the price. Moreover, as the price increases, Bitmain becomes more profitable, mining increases, and the end of Bitmain is approaching. When mining farms, mostly in China, go out of business, Bitcoin faces a serious challenge. However, he regained his position after the turmoil. So at least Bitcoin will stay on top in 2020: we don’t expect another crypto winter.

Moreover, Bitcoin is benefiting from the pandemic. During periods of financial market volatility, investors turn to reserve assets such as metals, commodities, and cryptocurrencies. Moreover, in a post-pandemic world, dissatisfaction with the traditional economy and fiat currencies will drive new entrants into the cryptocurrency world. Bitcoin, as the oldest and most reliable currency, will continue to lead and set major cryptocurrency trends.

One interesting fact: Tom Lee, a former analyst at JP Morgan, believes that the fair price of bitcoin is $14,800, but could rise to $150,000 if the number of bitcoin wallets reaches 7% of the number of Visa cards (for now)4 5 billion). Anyway, Bitcoin’s forecast for 2020-2023 is rather optimistic.

Follow the leader in Altcoins

Ethereum
Ethereum is the undisputed leader among altcoins. Nasdaq has added Ethereum and Bitcoin to its list of indices. Its dominant position stems from the fact that Ethereum is not only a cryptocurrency but also a platform for many blockchain projects. However, Ethereum faced scalability issues. The platform has been unable to process remittances as the number of Ethereum-based projects increases. The world is still waiting for Ethereum-based enterprise applications. If a company like Uber launches blockchain apps that accept cryptocurrency payments, Ethereum will be around for a long time. Otherwise, it may end up being a dead coin. Expectations are moderate.

ripple
The phenomenon of Ripple is that there is no single opinion about its nature: some market analysts do not believe that it is a cryptocurrency due to the lack of mining. However, Ripple has formed a partnership with 50 major banks and financial institutions. Banks usually oppose cryptocurrency trends, but not Ripple. The primary challenge for this coin is to take Swift out of the market. If this occurs, the outlook can be changed from moderate to positive.

EOS
EOS is a rising star in recent years and the main competitor to Ethereum. This platform can support enterprise applications without causing scalability issues. As a result, if Ethereum fails the challenge, EOS could take its place. At the moment, the forecast is favorable.

Monero
Monero remains at the top of the list of the most popular cryptocurrencies. It is widely considered the most secure cryptocurrency. However, it may lose its position. Apparently 90% of transactions can be traced. Even after the latter, the percentage of safe transactions is less than 50%. Expectations range from moderate to low.

Looking into the future
Have you heard of a self-fulfilling prophecy? This intriguing social and psychological phenomenon illustrates the ability of human belief to influence the future. The prophecy is fulfilled because a large number of people believe it will. Their beliefs influence their actions, and the resulting behaviors align with those beliefs.

Netflix released the second season of Altered Carbon, the Cyberpunk series, in 2020. The story takes place in the early 2000s. Surprisingly, the semi-legal dark and dirty store accepts Bitcoin, Litecoin, Monero and Z-cash. Why do the creators of the chain think people will use cryptocurrency after 400 years of us?

The answer is that national currencies may lose value as globalization continues and the potential expansion of space continues. When humanity is scattered across multiple planets, it’s hard to find a global equivalent – but cryptocurrencies can fill that void. And if people believe that cryptocurrencies will exist in the 21st century, this prophecy has a good chance of coming true.

 

Why Smart Tech Acceleration is Essential to Long-Term Business Growth

To adapt to the evolving technology landscape and the COVID-19 pandemic, did you invest in solutions that aided your company in achieving its long-term goals? Or, were you forced to make quick decisions in 2020 that are no longer a benefit to your business? If so, you’re not alone. The rapid growth of technology, or tech acceleration, shows no signs of slowing, and businesses have gradually begun to adjust to the “new normal.” Small and medium-sized businesses (SMBs) have started to realize that to provide a competitive level of service to both customers and to retain and support employees, they must keep up with current trends that support their goals and vision.

Here are a few reasons why staying current with technology is critical:

  • Implementing the right integrated toolkit saves time and effort, increasing overall efficiency.
  • Streamlining technologies and processes can help you increase productivity by improving the employee experience.
  • Removing obsolete technology  that no longer receives crucial security patches will ramp up your security. Better security helps prevent losses and downtime.

The emphasis, however, must be on smart tech acceleration rather than just speed. While tech acceleration is about fast implementations that fix short-term issues, smart tech acceleration focuses on implementing technology that supports the organization’s long-term goals and vision.

More about smart tech acceleration

Like many companies, you’ve probably seen a lot of changes since the pandemic began in 2020. Businesses had to make rapid decisions overnight. Deploying tools for remote work and collaboration to adapt to COVID-19 restrictions proved essential, and keeping employees safe and productive became a priority. While these digital solutions might have helped businesses like yours survive during a period of great uncertainty, they may have been inadequately integrated with existing systems or no longer fulfill your objectives and vision. It’s time for a smart tech acceleration that considers your company’s long-term strategy, market trends and the role technology can play in furthering key initiatives. A prediction that investment in smart infrastructure will increase by 40% in 2022 demonstrates that many organizations understand the importance of effective technology acceleration.

Smart tech acceleration also emphasizes the importance of technology for improving customer experience and employee retention. While 10% of businesses commit to going fully remote, 60% experiment with hybrid environments and 30% return to the office, seismic shifts in customer and staff retention patterns could occur if quick acceleration gets prioritized over a long-term strategy. Rushed changes and accompanying solutions may not serve your employees and customers well.

Three ways strategic upgrades support long-term business growth

  • Businesses today must collaborate with several vendors to perform various tasks. Smart tech acceleration requires identifying partners who align with your values and are innovative enough to contribute to your future roadmap. This is crucial because otherwise, you’ll have to face multiple issues down the road, and things may get even more complicated if you have to find a substitute in the middle of a project.
  • Integration helps businesses meet their growing IT demands by making it easier to connect new solutions with their existing IT infrastructure. In fact, many manufacturers today design their technology products expecting future integration with other IT components. Smart tech acceleration advocates for integration to improve business operations. A centralized infrastructure boosts the efficiency of information sharing and workflows, resulting in higher productivity. It also reduces operational expenses, improves overall response time and guarantees that information is easily accessible when needed.
  • Smart tech acceleration ensures your organization’s growth by focusing on key performance indicator (KPI) improvements rather than quick, reactionary installations. You could lose your prospects to your competition if you don’t invest in a long-overdue technological upgrade. Remember to avoid quick fixes and instead focus on investments for long-term productivity and operational success.

While it’s difficult to walk the path of smart tech acceleration alone, having an expert MSP by your side takes some pressure off your shoulders. Contact us today for a no-obligation consultation.

 

 

Ethereum merge actually happened – and just in time to spare the Nvidia RTX 4090

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The long anticipated “merge” event for the Ethereum blockchain is finally happening, and it’s a great day for any gamers out there looking to get the next-gen Nvidia Lovelace graphics cards (such as the Nvidia GeForce RTX 4090) that we’re anticipating in the next few weeks.

Ethereum is the world’s second-largest cryptocurrency after Bitcoin, and it has been an especially troublesome one for PC gamers. The cryptocoin is mined using something known as “proof-of-work”, which requires a computer to solve an intractable mathematical problem in order to generate a token.

That problem gets exponentially harder as time goes on by design, requiring ever more powerful computers to solve the problem. The solution that Ethereum miners came up with was taking the best graphics cards on the market over the past two years and using them in mining operations large and small.

Demand for Nvidia Ampere graphics cards especially was always going to be high after they launched in late 2020, but actually finding one in stock has been nearly impossible over the past two years as scalpers used bots to buy up stock to resell at inflated prices. 

Cryptominers, who were in this for the Ethereum, were apparently ok with buying up these graphics cards at inflated prices, which just fueled the graphics card shortage. Even the best cheap graphics cards weren’t spared, as five and six year old cards disappeared off store shelves to drive a cryptobubble.

All of this, meanwhile, has been turning math into carbon emissions at a frightening rate, and cryptomining now uses as much energy as a small industrialized country in Europe. This has prompted Ethereum’s move to Proof-of-Stake, which uses a different system for validating blockchain transactions that doesn’t require burning through algorithms for years on end.

That is the so-called merge that happened on September 15, and Ethereum is now off the Proof-of-Work model. Former Ethereum miners who dumped tens and hundreds of thousands of dollars into GPU mining operations are now looking for other proof-of-work coins to mine instead, including a hard-forking of the Ethereum blockchain into a totally different cryptocurrency called Ethereum Proof of Work, according to Coindesk (opens in new tab), or ETHW.

Meanwhile, Bitcoin – which primarily uses specialized ASICs to mine that cryptocurrency – will still hum along as usual, and has no intention of moving to the new proof-of-stake system.


Analysis: Will the merge save Nvidia’s Lovelace launch?

(Image credit: Nvidia)

The timing for the Ethereum merge couldn’t have come at a better time for PC gamers. In less than a week, we are expecting the announcement of the Nvidia RTX 4090 and possibly the Nvidia RTX 4080 as well, and these cards will still be ripe targets for cryptominers looking to up their hashrates.

But other than Ethereum and Bitcoin, there simply aren’t other coins that are likely to entice large scale miners, and the proof, as it were, has been in falling graphics card prices and increased inventories. If proof of work had a real future, these cards would still be purchased as they were before.

Now, things could change, obviously, and another NFT or decentralized finance project could bloom like tulips on a Dutch shore and drive the next bubble, but with our current economic environment, inflation, and an energy crisis, it’s not likely to happen in the near future. This takes a major buyer off the market for graphics cards for the next generation of graphics cards, so while these cards will sell out immediately, gamers stand a much better chance of getting one this time around.