Cryptocurrency under our lens: RBI
The Governor of Reserve Bank of India (RBI), Raghuram Rajan, has said that an "active market intelligence" mechanism on cryptocurrency is needed at present to ensure that any illegal transaction happening in the country becomes easily traceable for the law enforcement agencies. Rajan further disclosed that while RBI, at this stage, is not intervening in the digital currency market, yet it is watching it closely. Describing the digital currency market as "very very small" the governor of RBI also said that "our philosophy is that if it is small then let it develop, let us see how it works....
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The blockchain firm Aave has launched the Lens Protocol, a social media project with applications built on the Polygon blockchain. Lens is similar to the social media platform Twitter but Lens profiles are linked to a non-fungible token (NFT) that can be ported into decentralized applications. Lens Protocol Is Live – Aave Founder Believes People Are ‘Ready for a Better Social Media Experience’ On Wednesday, the blockchain company Aave announced that the Lens Protocol is now live and roughly 50 applications have debuted on the platform. Aave first revealed the Lens....
Operated by DeFi lender Aave, its decentralised social media platform, Lens Protocol has gone live on the Polygon blockchain mainnet. Lens Protocol was first introduced in February 2022. Aave decided to introduce Lens Protocol as a decentralized competitor to Twitter and Facebook. Lens Protocol is a network which is used to build decentralized social media […]
Instant cryptocurrency exchange service ShapeShift has launched a new service aimed specifically at simplifying payments across different currencies. ShapeShift Lens allows Bitcoin payments to be sent using a range of altcoins, with the conversion handled automatically once payment has been submitted. The result allows any Bitcoin invoice, including those from merchants such as Amazon or Overstock, to be paid, for example, in Dogecoin or Litecoin. The free tool is currently available on Google Chrome Webstore, and features a plugin with which users may access the convertor. Once installed,....
The announcement comes a month after Aave founder Stani Kulechov gets suspended from Twitter for his joke about being the interim CEO of the social company. Aave (AAVE) has announced a new project called the Lens Protocol that focuses on helping developers build social networking decentralized applications (DApps) on the Polygon blockchain. Apart from social media DApps, the liquidity market protocol creators aim to use nonfungible token (NFT) technology along with Lens' open-source blockchain tech to allow developers to create marketplaces, recommendation algorithms and other....
In this guide, we share all you need to know about Lens Protocol, a decentralized social graph that simplifies building Web3 social platforms. The innovation and, as a result, the booming popularity of social media started at the beginning of the century with the concept of the online social graph. This specific data structure draws a line between social networks’ users and the people, places and things with which they interact. However, time has shown that the major social media platforms have several disadvantages related to centralization. The flagships of the change are likely to be....