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Crypto Firms Rally Behind CFTC in Perpetual Futures Legal Battle

Coinbase, Kalshi, and four other companies filed an amicus brief supporting the CFTC's authority to regulate perpetual futures tied to US stocks amid a significant lawsuit.
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Bayarjavkhlan Ganbaatar

CMAA Challenges CFTC's Authority Over Perpetual Futures

The Capital Markets Alliance Association (CMAA) has filed a lawsuit against the Commodity Futures Trading Commission (CFTC), claiming that perpetual futures should be classified as security-based swaps, which would impose stricter regulations.
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Tenzin Dorje

XRP Ledger Foundation Unveils Quantum-Resistant Account Design

The XRP Ledger Foundation has introduced a quantum-resistant account design using the MLDSA44 signature scheme, allowing users to transition to new keys without additional costs by 2028.
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Mohamed Farouk

Valour Expands Digital Asset Offerings on Sweden's Spotlight Stock Market

Valour, a subsidiary of DeFi Technologies, has launched eight new digital asset exchange-traded products (ETPs) on Sweden's Spotlight Stock Market.
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Elias Mukuru

What is Helium?

Helium (HNT) — the world's first blockchain-based decentralized network for IoT devices that send small data over long distances.

Contents:

Description of the Helium platform (HNT)

Helium allows low power wireless devices to communicate with each other and send data over their network of nodes. Nodes are represented as so-called hotspots, which are a combination of a wireless gateway and a blockchain mining device. Thus, users who manage nodes mine and receive rewards in Helium's native cryptocurrency token - HNT.

Project uniqueness

Helium is trying to improve the communication capabilities of wireless IoT devices. Its primary appeal will be to device owners and those interested in the space, with financial incentives, providing additional opportunities for outreach.

Network features:

Network Powered by Proof of Coverage, a new consensus algorithm, based on the HoneyBadger BFT protocol, that allows nodes in a network to reach consensus when the quality of the connection varies greatly.

IoT devices are, for example, pet trackers, temperature sensors, motion detectors that are part of security systems, and much more. These devices tend to send small amounts of encrypted data every few minutes. And when they do it on the Helium Network in your Hotspot coverage area, you can provide them with wireless coverage.

Buying and selling a token

Helium uses a special consensus mechanism, called proof of coverage (PoC), that rewards users for contributing to mining (verifying transactions) and ensuring stability. PoC runs on the HoneyBadger BFT protocol, which is specifically designed to allow nodes to communicate in untrusted environments.

HNT - a tradable token, circulating on major exchanges as of October 2020. The main pairs are active on:

  • Binance;
  • FTX.

Pairs include USD and stablecoins such as Tether (USDT). HNT - your reward for being an active and valuable member of the platform. Soon, device and sensor operators on the Helium Network will need HNT to transmit data over the network. And when that happens, you will have the ability to supply them with those tokens. The project believes that the most likely attack vector is affecting node operators in the form of access point incoming ports. To help users with private key security, for token holders, the platform's own wallet uses asymmetric keys.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.