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XinFin Based StorX Offers the Most Reliable Decentralized Cloud Storage Solution

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Data is the most important element of today’s information-driven businesses. The better decision-makers understand their staff’s requirements, industry developments, and client expectations. Also, it can more strategically plan future growth. This need has fuelled massive development in decentralized cloud storage.

StorX aspires to be a decentralized cloud storage leader. Convenient enterprise-grade storage options like Google Drive are combined with solid open source technologies. It wants to democratize the monopolized cloud service industry. Its technology allows consumers to rent storage from individual farms rather than a centralized service provider. Moreover, it is an open-source initiative.

StorX node is for you if you want to put your empty disc space to work, contribute to the future of cloud storage, and be paid. StorX is a decentralized cloud storage service backed by the XinFin blockchain network. Anyone may run a node on the network and earn SRX tokens. The network integrates Google Drive with dependable open source technologies. It also promotes good performers and removes bad performers. It uses an AI system to assess node reputation.

The User, The Star, and The Satellites are the three core parts of StorX Ecosystems. The SRX token is a payment currency on the StorX platform. The user hosting data must pay in SRX, and the farmer hosting node will receive it in SRX.

Node Operators

The primary role is to help the network as storage node operators establish storage supplies. The inclusion of nodes in the network and their reputation is based on node reputation.

Node Reputation

StorX relies on a scalable and robust node reputation system. The sophisticated StorX AI system quantifies the Node’s stability and performance. The system employs reputation measurements to exclude adversaries from the network, enhancing security, dependability, and durability.

Network Node Inclusion

The network offers a unique procedure for adding additional nodes. When a storage node enters the network, its reputation is set to 0. Whenever someone uploads a new file to the StorX network, the Satellite adds unvetted nodes to the target list while maintaining file durability. Satellite is a sequence of machine learning methods that improve payload distribution on a node.

Unvetted nodes must present proof-of-work to store data. After vetting, the Node is selected for broad upload. A node’s reputation rises over time as it stores data and produces proof-of-work for it.

Node Selection

The standard storage nodes are chosen based on throughput, latency, dependability, uptime history, and geographic location. As part of the load-balancing process, all uploads are forwarded to qualified nodes, with a preference for recommended nodes but a possibility for any qualified node. The system monitors the Node’s activity. Its reputation score grows over time if it gives download statistics, passes audits, and maintains uptime.

Rewards, Penalties, and Node Reputation

Node reputation is used to determine a node wallet’s reward eligibility. The StorX Governance team has a good reputation. The mark refers to the Node’s reputation as an active network member eligible for $SRX incentives. The StorX Governance team may alter this barrier to accommodate the growing network. Penalties for low-reputation nodes are in the amount of $SRX tokens. AI automatically deducts token staking/reward penalties. The whole procedure is kept within the smart contract for community accountability.

The StorX Ecosystem functions flawlessly when Storage Node operators maintain Good Node Reputation. Nodes that perform poorly may be disqualified, resulting in no “hosting and staking incentives”. Staked SRX may be burnt as a punishment if it repeatedly harms StorX Storage Network.

Reasons Backing Good Node Reputation:

  • Provide a solid cloud Infrastructure
  • $SRX Stake increases “Good” Node Reputation
  • Ensure 100% uptime
  • Always keep nodes updated with the newest patches and OS updates.

Causes for a Node’s Poor Reputation:

  • Incorrect node configuration, such as not accessible on the specified port.
  • Node response time
  • Low traffic on primary app
  • If you correctly configure the Node, it will be considered for storage, and its reputation will rise.

Maintaining a Good Reputation

A robust node satisfies all of the readme’s criteria. Its reputation will grow as it stays active in the network. Because a node’s reputation is based on its contribution to the network, greater network activity means a higher reputation. Node owners (farmers) are asked to distribute and utilize the StorX App as much as possible to build a reputation. Access the farmer dashboard to verify repute. The team is working on a dedicated dashboard to show the Node’s data.

Open Community

One of the other plus points, StorX is always open for input and ideas to improve the farm node’s reputation-based reward and punishment mechanism. They consider recommendations seriously as it will help establish a better and more simplified node reputation environment.

Conclusion

To summarize and conclude, in simple terms, on the StorX mainnet, SRX is a utility token that drives the StorX data storage marketplace. Operators need to set up Node and earn SRX. Also, save data and pay using SRX. Node operators need to maintain Good Node Reputation to ensure StorX Ecosystem works perfectly and operators earn through the Node and its reputation.

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Famous Futuristic George Gilder Weighs BSV Over BTC at Summit

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Bitcoin (BTC) Prices Hold Steady After a Severe Turmoil
  • The Summit is held annually to help investors discover new market trends.
  • Gilder highlighted the advantages of BSV over BTC to the current issues.

As per renowned futuristic George Gilder, a “dynamic Bitcoin” that has “really created a miracle in recent months,” BSV is on the verge of becoming the de facto standard for all global currency in the next five to ten years. The Famous futurist gave an online “Six Predictions Summit” presentation to a group of financial experts, highlighting the advantages of BSV over BTC as the answer to the current economic and technical issues.

Framework for New World Order Required

According to Gilder, “immutable, unhackable” Bitcoin and the blockchain have produced freedom from political control currency. “Dual hacking crises” (technology hacking and economic hacking) affect today’s globe. Still, they may be addressed by establishing a new global economy and laying a framework for new world order.

The Six Predictions Summit is held annually to help investors discover new market trends. Due to current travel and other constraints, this year’s event was hosted online instead of in person. Renowned investing trend spotters Jim Rickards, James Altucher, Ray Blanco, Zach Scheidt, and Alan Knuckman joined hosts Doug Hill and Matt Insley on the show.

George Gilder has referenced Bitcoin’s “digital gold” myth at several points. Aside from noting that “the original Bitcoin, BTC” and Bitcoin Satoshi’s Vision or BSV are distinct, he reaffirmed gold’s usefulness as a long-term store of wealth.

Gilder said:

“Bitcoin Satoshi Vision has really created a miracle in recent months, rather than the static Bitcoin, which people hold on for dear life. It’s a dynamic Bitcoin that moves with the advance of technology.”

Despite the fact he called BTC “Bitcoin”, “the original Bitcoin” was not the answer he was talking about. The asset was regarded by him as being of no use to anybody except speculators, terming it as static.

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Is the Future of Real Estate in the Metaverse?

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Is the Future of Real Estate in the Metaverse?

Although the metaverse is not a new concept, it has recently gained much more attention. Many are now becoming familiar with the idea, and are looking into what its future offers and how they can be a part of it. The metaverse will completely transform the current way of life for the average individual, affecting work, trade, entertainment, leisure, exercise, social interactions, and everything in between.

Apart from the retail players, big tech companies are also getting into the space. Facebook, the world’s most popular social media platform as of 2021, has recently rebranded to “Meta”, showing its commitment to this new space. According to an official announcement, rebranding was necessary because the company is shifting its focus to bring the metaverse to life. Footwear and apparel giant Nike is also preparing for the metaverse and has signified interest in creating its own space, as well as Adidas, another powerhouse brand.

The metaverse will transform many aspects of life by improving interpersonal interactions, establishing communities, and helping businesses grow. The climate required to create and operate a successful business will also change considerably. Firstly, the metaverse will allow businesses, regardless of size, to establish digital stores for their goods and services. A significant advantage of these capabilities for the average company is that opening a physical store is no longer necessary. This could significantly reduce overhead costs without having to sacrifice customer reach. In a virtual world, a company can tap into wider audiences beyond the physical boundaries imposed in a real-life setting.

There are also multiple metaverse use cases for the entertainment sector. For example, entertainment brands could use metaverse locations to preview music to excite virtual fans, holding mega concerts to listeners around the world. Furthermore, fans may also get the chance to meet and interact with their favorite celebrities, an opportunity rarely possible in the real world.

Additionally, people can gather for leisure activities in virtual parks to play or bond over shared interests and ideas. These locations could replicate attractions available in the real world, engaging all different types of users in the process. For instance, people can build teams based on varying activities, including everything from traveling, virtual combat, or playing chess. The metaverse will offer a slew of new opportunities for individuals and brands alike.

One of the less obvious but very promising advantages of the metaverse is the opportunity to capitalize on virtual real estate. Regardless of sector or industry, the shift to the metaverse still requires individuals and businesses to establish a presence on the metaverse; this is where virtual real estate comes in and plays its part.

All metaverse offerings, including commerce, healthcare, entertainment, and other sectors, must set up shop somewhere in the metaverse to reach their desired base. Individuals can also invest in virtual properties for various reasons, In parallel to the traditional real estate market, Investors can earn profit by purchasing properties and leasing them to businesses and other franchises. Investors can also simply buy virtual properties, hold them into the future, and later flip them for a potential profit. With 500 million dollars sold just in real estate in the metaverse, last year projections state that it will double this year!

The key to making the best out of a real estate investment is getting in early. As with everything else, early buyers catch on quicker and are in a better position to make a profit if and when the value increases. Investors are able to pick their property at floor price in a strategic approach that will allow the potential for a larger profit as well as an easier sale just as investors do in the traditional real estate setting. Users looking to get into digital real estate in the metaverse can start their virtual portfolio and begin with Ethereum Towers.

Ethereum Towers

Ethereum Towers is a community-centric vertical megastructure set in the Ethereum Worlds metaverse. Consisting of 4,388 separate apartments, Ethereum Worlds is a major player in the space available to investors interested in taking an early chunk of the metaverse real estate market as it grows. The apartments in the structure are in two identical towers, each with 101 stories. Each apartment is an NFT on the Ethereum network and is available as an ERC-721 token.

All owners in the Ethereum Towers can use their apartments however they please. Each owner can personalize their space how they wish, giving them full autonomy over their digital real estate asset. For this, the Ethereum Towers offers a marketplace with a wide range of accessories, furnishings, and ornaments that owners can purchase and set as preferred. Since each apartment is available on the Ethereum blockchain as an NFT, ownership is guaranteed and easily verifiable.

Due to the deliberate design, Ethereum Towers apartment owners and guests can explore the social benefits of a large community with similar interests. All residents partake in a virtual social experience supported by meaningful interpersonal interactions. Each tower possesses communal areas where owners can meet and interact, regardless of any preconceived boundaries that would limit interaction in the physical world. Through these interactions, users can build a strong sense of belonging and establish friendships along the way.

Perhaps the most significant advantage to Ethereum Towers is the investment opportunity it offers. In the metaverse, unlike in the real world, digital property assets usually have a much lower entry barrier, making it much easier for interested investors to get involved before the masses. The value of the apartments are projected to increase over time as meta living becomes more popular, providing early adopters a chance to capitalize on being first movers.

Getting In Early

Investors that have been able to identify ideas that dramatically impact the functionality of the future have always prospered. Those who understand the impact and utility around the metaverse too will have a major headstart within the benefits that this realm will offer. With Facebook being one of the largest and most successful companies taking action to rebrand itself as “Meta,” this should give investors a clear idea that a new significant era is on the horizon.

 

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Popular Analyst Predicts Major Breakout for Ethereum (ETH) on the Cards

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Ethereum To Reach $20 Trillion by 2030 as per Ark Invest CEO Cathie Wood
  • Ethereum’s price has rebounded from a two-month decline in the last week.
  • Partisans are bullish on ETH 2.0 and are targeting a price of $8,000 shortly.

Since its January lows, the price of Ethereum has risen almost 50%. The Ethereum blockchains native token, Ether, has recently shown indications of resurgence. The altcoin is benefiting from several fundamental factors.

ETH/USDT: Source: TradingVIew

Ethereum’s price has rebounded from a two-month decline in the last week and has already reached the $3,000 mark. Cryptocurrency analyst Benjamin Cowen predicted a significant breakout for Ethereum (ETH) this week. According to him, the ETH price range between $2,000 and $4,000 represents a major re-accumulation zone for a medium-term runway of higher prices.

Upcoming ETH 2.0 Crucial

It’s also predicted that the network’s different offerings would show greener candles. Additionally, Partisans are bullish on ETH 2.0 and are targeting a price of $8,000 shortly. As the price of ETH continues to rise steadily, the fear and greed index for Ethereum weighs more heavily on the greed side of things.

Every obstacle on its path to the $3,200 mark on the daily chart has been overcome by Ethereum. Bulls are fully expecting the next price drop to be taken out by them. Aiming for the $3,600 level, investors have successfully crossed the 50 SMA and the bearish sloping line.

More than 45 percent of Ethereum’s value has been wiped off since its all-time high on November 10. Since its November high, Bitcoin, the world’s most valuable digital currency, has fallen by more than half. However, prices reversed their downward trend in February.

However, if pricing fails to hold above $2,800 in the next few trading days, we might witness a further decline below $2,400. According to CoinMarketCap, the Ethereum price today is $3,195.23 USD with a 24-hour trading volume of $13,485,593,739 USD. Ethereum has been up 3.84% in the last 24 hours.

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