In the cryptocurrency industry, blockchain-based financial company Ripple Labs Inc. has developed into a potent payment option. At the same time, XRP, the native digital asset linked with Ripple, is currently being widely used for cross-border payments. Ripple and XRP have faced a number of difficulties in recent years despite their growing popularity.
Luke Thomas, a well-known person in the cryptocurrency field, has listed five significant occasions that may improve XRP and Ripple’s standing in the financial industry. He believes that some of these possible occurrences may be impacted by Donald Trump’s election to the presidency. But with XRP’s stunning rise coming up, other altcoins like NEAR Protocol and DTX Exchange are rising more than XRP since they are going to make millionaires more quickly.
Hoskinson Issues an Apology to the XRP Community; Cardano Seeks Collaboration with the XRP Ecosystem
Hoskinson has changed his mind on Ripple and its investors by confessing to the XRP ecosystem. Hoskinson formally apologized on the last YouTube livestream, stating, “I want to apologize to the XRP community.” It is encouraging that he has expressed interest in collaborating for the first time since his conversation with Ripple.
Hoskinson argues that a relationship between Cardano and the XRP community must be fostered. He claimed that his approach is consistent with Cardano’s earlier partnerships with the Bitcoin community. According to him, Cardano and Ripple can collaborate in two distinct areas.
Cardano’s privacy-focused sidechain, Midnight, and the Ripple ecosystem might merge to form the first possibility. The second collaboration is with Ripple USD (RLUSD), the company’s next stablecoin. The stablecoin, which is connected with the Ethereum and XRP Ledger (XRPL), is now in its beta stage.
With 1.4T Parameters, NEAR Protocol Will Create the Largest Open-source AI Model In the World
NEAR Protocol revealed a bold aim to develop the biggest open-source AI model ever at its Redacted conference in Bangkok, Thailand. According to CoinTelegraph, the project will provide a 1.4 trillion-parameter model, which is 3.5 times bigger than Meta’s existing open-source Llama model.
Its development will be fueled by donations and research from the public. The model will be constructed with the help of thousands of people. Users will be able to start by training a smaller 500 million-parameter model using the NEAR AI Research Hub.
According to reports, NEAR Protocol has created a framework that allows token sales to be used to monetize the concept. The goal of this strategy is to finance the expensive training and processing requirements of such a large-scale AI project.
Along with the AI model, NEAR Protocol also announced an AI Assistant during the conference. This tool shows off NEAR’s AI infrastructure’s practical capabilities. Users will be able to place food orders, book flights, and potentially communicate with Web2 services over the blockchain in future editions. The NEAR Protocol seeks to close the gap between traditional internet services and decentralized technologies, as explained in this section.
This Single Coin is More Than Enough to Make Yourself a Millionaire
End-to-end trading solutions are scarce among the decentralized trading industry’s participants. With the first hybrid protocol, DTX Exchange (DTX) is a new and prominent player in the market. The DTX platform provides a straightforward interface that is quick to implement and easy to use, together with special infrastructure.
One of the greatest AI-enabled order execution systems is available on DTX Exchange, which can complete orders in less than 0.4 milliseconds. At 10k transactions per second, DTX’s trial network has demonstrated exceptional performance. The company’s fortunes have soared with the launch of DTX Exchange’s Phoenix wallet. In addition to increasing the DTX token’s value, this invention has improved the exchange’s standing in the DeFi community.
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