🔷 Grand Time has sponsored a series of football matches in Gana — the 2 weeks tournament finished on August 14th. We thank our admin Michael for the organization. 🔷 The development of the project is going according to plan and is gradually approaching the stage of attracting investors. A new special task has appeared, which is to search for bloggers on the Instagram social network. The execution of such tasks on the blockchain is happening for the first time. This is what makes our project stand out among the others. 🔷 Installation of a decentralized clock icon on the landing page of our website is ongoing. The image will drive attention of the new users and remind of the value of time.
That’s all the news for today. Bye everyone! See you next week.
🔵 Ethereum developers have completed the network merger in the Goerli testnet. This was the final rehearsal before switching to the Proof-of-Stake. The transition is tentatively scheduled for September 19, 2022.
🔵 Inflation in the US fell to 8.5%.
🔵 South Africa has launched a service that will help make Bitcoin transfers via SMS.
🔵 Japanese Shinsei Bank has launched reward programs in Bitcoin and XRP for its customers.
🔵 Football giants Real Madrid and Barcelona are filing a joint trademark application for crypto and the metaverse.
🔵Project admin and partner Michael presented the Grand Time project at a crypto conference in Nigeria, where a charity event was also held on behalf of the project in shelters in Minna. A football match under the auspices of the Grand Time project took place in Ghana.
What determines the usefulness of a particular cryptocurrency? This is the transaction processing speed!
The operation of storing data in the blockchain, in which the transfer of crypto assets or other information between wallets takes place, is called a transaction. The main characteristics of the network are: cost, speed and number of transactions per second. ⠀ For comparison, the number of transactions per second that the system can process:👇🏻 * Mastercard — 5 000, * Visa 65 000, * Bitcoin lightning > 1,000,000 (according to Kraken)
We are currently witnessing a restructuring of the monetary system. And cryptocurrency is increasingly being viewed as a new component of the global financial system of the future. 🔥
The launch of the “Dubai Metaverse” strategy has been announced in the UAE. This strategy will create 40,000 additional virtual jobs over the next five years. There are already more than 1,000 companies operating in the metaverse and blockchain sector in Dubai, that contribute $500 million to the national economy. The largest companies, such as Emirates airline, developer Damac Group and medical firm Thumbay are already joining the “Dubai Metaverse”. In the meantime, the Dubai authorities are trying to attract cryptocurrency companies from all over the world. The strategy is aimed at a five-fold increase in the number of blockchain companies in Dubai over the next five years. According to experts’ forecasts, the UAE has every chance to become extremely attractive to investors.
The future of cryptocurrencies depends on security! (Alex Zinder, head of Ledger)
Alex Zinder is the head of Ledger Enterprise, that provides its clients with a set of solutions that allow them to manage interaction in protocols with support for smart contracts, staking, non-interchangeable tokens (NFT) and other functions of decentralized finance (DeFi). Alex notes that crypto exchanges and other intermediaries from the category of cross-chain bridges are places with a series of hacks of “hot” wallets last week.
It is quite clear that exchanges need additional security measures. 🙌🏻 ⠀ The rapid growth of the crypto ecosystem has increased the threat of hacks and exploits, creating security problems that need to be solved for the further development of the cryptocurrency sphere. 🙌🏻
🔷 Grand Time team continues its regular networking in USA. This week at the meeting with crypto enthusiasts there was a person from the Google team, a crypto investor and a bitcoin hodler since 201. 🔷 Grand Time English department is actively developing through different events in Africa. In Nigeria Grand Time crypto conference took place hosting 1200 people. 🔷 Charity is one of the important directions of the project. The Grand Time team contributed to the support of shelters for children and the underprivileged. 🔷 On August 5th the Soccer Gala championship started in Gana (sponsored by Grand Time) and will continue till August 14th.
That’s all the news for today. All for now. See you next week.