CQG, a provider of trading, market data and technical analysis tools, in cooperation with NUTS Finance, a blockchain
Blockchain
Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others.
Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term development company, launched Optio Research to develop trading solutions and decentralized crypto infrastructure for institutional-grade traders.
Kevin Derby and Benjamin Soong, the executives of CQG, along with Terry Lam and Daniel Tang, the Co-Founders of NUTS Finance, will lead the new company, according to the press release published on Thursday. Additionally, Ryan Moroney, the Chief Executive Officer at CQG, joins the Optio Research Board of Directors and will play a role of a strategic advisor.
“Through Optio, our partnership with CQG and collective experience in derivatives trading technology and Web3 development give us the opportunity to be market leaders in developing a range of solutions that will not only improve the current user experience but also act as a catalyst to accelerate adoption into this emerging asset class by traditional financial institutions,” Lam said.
CQG, which provides solutions for brokers, traders and exchanges, sees growing potential in Web3 and blockchain technology as well as rising demand from institutional investors. Optio Research lab is an answer to its needs and wants to build a bridge between traditional finance (TradFi) and decentralized space (DeFi).
Web3 Can Grow to $33.53b Industry in Eight Years
In 2021, the global Web3 blockchain industry was worth 1.36 billion and is expected to rise annually by 44.9% from 2022 to 2030, according to Grand View Research. It means that the whole market will be worth more than $33.5 billion in eight years.
Web3 is expected to be the next era of web development, which prioritizes decentralization, the use of blockchain technology, and fewer restrictions. Web1, the first version of the Internet, was mainly read-only. Web2 further enabled writing and content creation, and Web3 goal is to reduce users’ dependence on centralized platforms that impose strict rules and frameworks.
Although Web2 giants are not willing to move to Web3, apart from Facebook, which rebranded itself as a Meta, many new cryptocurrency projects are shaping the current Web3 ecosystem. Yuga Labs, the creator of the Bored Ape Yacht Club non-fungible token (NFT) collection, is one of the most prominent Web3 brands that were able to break into mainstream awareness.
Web3 is still a new, volatile and evolving space, which will not outshine Web2 in the foreseeable future. However, this does not change the fact we should carefully observe its further development.
CQG, a provider of trading, market data and technical analysis tools, in cooperation with NUTS Finance, a blockchain
Blockchain
Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others.
Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned.) In this sense, blockchain is immune to the manipulation of data making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamper with. The Evolution of BlockchainBlockchain was originally invented by an individual or group of people under the name of Satoshi Nakamoto in 2008. The purpose of blockchain was originally to serve as the public transaction ledger of Bitcoin, the world’s first cryptocurrency.In particular, bundles of transaction data, called “blocks”, are added to the ledger in a chronological fashion, forming a “chain.” These blocks include things like date, time, dollar amount, and (in some cases) the public addresses of the sender and the receiver.The computers responsible for upholding a blockchain network are called “nodes.” These nodes carry out the duties necessary to confirm the transactions and add them to the ledger. In exchange for their work, the nodes receive rewards in the form of crypto tokens.By storing data via a peer-to-peer network (P2P), blockchain controls for a wide range of risks that are traditionally inherent with data being held centrally.Of note, P2P blockchain networks lack centralized points of vulnerability. Consequently, hackers cannot exploit these networks via normalized means nor does the network possess a central failure point.In order to hack or alter a blockchain’s ledger, more than half of the nodes must be compromised. Looking ahead, blockchain technology is an area of extensive research across multiple industries, including financial services and payments, among others. Read this Term development company, launched Optio Research to develop trading solutions and decentralized crypto infrastructure for institutional-grade traders.
Kevin Derby and Benjamin Soong, the executives of CQG, along with Terry Lam and Daniel Tang, the Co-Founders of NUTS Finance, will lead the new company, according to the press release published on Thursday. Additionally, Ryan Moroney, the Chief Executive Officer at CQG, joins the Optio Research Board of Directors and will play a role of a strategic advisor.
“Through Optio, our partnership with CQG and collective experience in derivatives trading technology and Web3 development give us the opportunity to be market leaders in developing a range of solutions that will not only improve the current user experience but also act as a catalyst to accelerate adoption into this emerging asset class by traditional financial institutions,” Lam said.
CQG, which provides solutions for brokers, traders and exchanges, sees growing potential in Web3 and blockchain technology as well as rising demand from institutional investors. Optio Research lab is an answer to its needs and wants to build a bridge between traditional finance (TradFi) and decentralized space (DeFi).
Web3 Can Grow to $33.53b Industry in Eight Years
In 2021, the global Web3 blockchain industry was worth 1.36 billion and is expected to rise annually by 44.9% from 2022 to 2030, according to Grand View Research. It means that the whole market will be worth more than $33.5 billion in eight years.
Web3 is expected to be the next era of web development, which prioritizes decentralization, the use of blockchain technology, and fewer restrictions. Web1, the first version of the Internet, was mainly read-only. Web2 further enabled writing and content creation, and Web3 goal is to reduce users’ dependence on centralized platforms that impose strict rules and frameworks.
Although Web2 giants are not willing to move to Web3, apart from Facebook, which rebranded itself as a Meta, many new cryptocurrency projects are shaping the current Web3 ecosystem. Yuga Labs, the creator of the Bored Ape Yacht Club non-fungible token (NFT) collection, is one of the most prominent Web3 brands that were able to break into mainstream awareness.
Web3 is still a new, volatile and evolving space, which will not outshine Web2 in the foreseeable future. However, this does not change the fact we should carefully observe its further development.
Trusted Editorial content material, reviewed by main trade consultants and seasoned editors. Advert Disclosure The Solana blockchain is unquestionably within...
