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What’s So Trendy about Knowledge Management Solutions Market That Everyone Went Crazy over It? | Bloomfire, CSC (American Productivity & Quality…

January 31, 2021 | Author: admin

The Global Knowledge Management Solutions Market Is Predicted to Reach to US$ 25,470 Million in 2022, Due to High Adoption of Intelligence Process Automation in BFSI (Banking, Financial services)

These solutions come with a variety of software, such as KM processes, KM systems, KM mechanisms and technologies, and KM infrastructure to facilitate knowledge management processes. All of these systems are designed to systematically manage employee data, knowledge transfer, and technical processes in your organization. In government sectors that have not been developed for years, the implementation of these solutions is now leading the market for knowledge management solutions.

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Knowledge Management Solutions Market is fragmented with the Presence of Global and Regional Players

Some of the key participants in global Knowledge Management Solutions Market are Bloomfire,CSC (American Productivity & Quality Center Inc.), EduBrite Systems Inc, Ernst & Young (Capgemini), IBM Global Services, Interwoven Inc. In September 2017, IBM Global Services launched the new high-powered analytics system for faster access to data science. This system, which comes with a variety of data science tools built-in, allows data scientists to get up and running quickly to develop and deploy their advanced analytics models in-place, directly where the data resides for greater performance

The high risk of data breaching can cause security issues, which is a possible factor that is restricting the adoption of this solution in the market.However, developments in authentication and encryption systems to provide secure access to knowledge management solutions is expected to provide solution to the restraining factors of knowledge management solutions market.

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North America to Remain the Dominant Region during the Forecast Period,2018-2026

The presence of a number of banks and large financial institutions in this region has made North America the largest market share holder for Knowledge Management Solutions Market. Also, the increasing number of startups with innovative software and solutions are growing the popularity of knowledge management solutions in U.S.

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Praxis Business School is launching its Post Graduate Program in Data Engineering in association with Knowledge Partners – Genpact and LatentView…

January 31, 2021 | Author: admin

BANGALORE, India, Jan. 29, 2021 /PRNewswire/ -- Praxis Business School is launching its Post Graduate Program in Data Engineering, in association with knowledge partners Genpact and LatentView Analytics, to cater to the galloping demand for industry-ready data engineering resources. This 6-months full-time industry endorsed PG program will be delivered from the Praxis Bangalore campus and aims at providing a comprehensive and immersive learning experience and placement assistance for a lift-off into a successful and recession-proof career.

Data Engineering has emerged as a top career in today's data driven world. The Data Engineering market size in India is expected to grow 4 times in the next 5 years to reach $ 42.3 billion by 2025 a whopping 41% of the Global Data Engineering services market. According to the DICE report, Data Engineering was the fastest growing career in 2019 at 45% growth.

The program at Praxis is aimed at addressing this industry requirement, globally and in India. For career seekers, data engineering offers immense opportunities as demand far outstrips supply. It's an exciting, new-age career - data engineers manage the data of large enterprises - they construct and oversee database architecture; they determine how data is collected and stored; they create the pipelines that transform raw data into useful formats for analysis. For doing all this, they need to have a range of skill-sets from conceptual clarity to hands-on experience with tools, deep understanding of Big Data and Cloud technologies, and an appreciation of business problems and analytics.

Prof. Charanpreet Singh,Founder and Director of Praxis Business Foundation,said, "Praxis has been a leader in creating industry-ready resources for Data Science over the last decade. With the incredible increase in the generation of data, the speed of communication and the formulation of new tools and algorithms for analytics, data engineering roles have evolved tremendously over this period. The supply has just not been able to keep pace with the demand; this is why Praxis has again taken the lead to create the nation's first full-time post graduate program in data engineering. We are fortunate to have Genpact and LatentView, with their enormous experience in this field, to support and guide us. This is a great time to be a data engineer, and the Praxis program will ensure that you get all the knowledge and skills you need to become one."

"At Genpact, our work with leading enterprises around the world, has taught us that laying a good data foundation requires a few key components, and talent is one of the most critical factors," saidSidharth Reddy, Data and Advanced Analytics Leader, Banking and Capital Markets, Genpact."Through this partnership, we aim at nurturing a new generation of students who can apply their theoretical knowledge on data engineering, big data management, data governance, data cognition engines and more, to solve real world business challenges."

According toMr. Ramesh Hariharan, Co-founder and Director of Data Engineering at LatentView Analytics,"In the emerging era, AI will simplify any decision-making. Engineering the right type of data platforms would be a key differentiator! Leading scalable data engineering initiatives will be critical for successful analytics transformation. Praxis is best positioned to offer the best of both worlds (data science & data engineering) and provide the right curriculum to be future ready!"

Program Highlights:

Praxis offers a comprehensive and contemporary curriculum co-developed by Genpact and LatentView Analytics and delivered by domain leaders and senior practitioners. It comprises modules on understanding the legacy tools and technologies for Data Management & Data Modelling as well as on the paradigm of Distributed Systems and Cloud Computing. Participants will get hands-on exposure on ETL Concepts, Unix/ Linux, Python, Streaming Analytics on Hadoop, MapReduce, SQL & NoSQL using Devops. A highlight of the program is the Capstone project that sees them taking data from a Legacy system and migrating it to a big-data platform hosted on the Cloud. The renowned Praxis Placement Program manages the transition of the students to a successful Data Engineering career.

Prof. Dr. Sourav Saha, Dean - Academics at Praxis Business School said "The digital era has created a new benchmark for successful Organization whose reputation today is determined not only on revenue but also on the amount of Data they handle and process. This is where the Data Engineers take the centre stage with the knowledge of the Cloud Computing platforms, tools and techniques for ensuring the assimilation, storage and processing of Big Data. Today, as the human civilization prepares at creating unprecedented value through Artificial Intelligence (AI), the Data Engineers ensure the continuous fuel for AI, i.e. Data. I am excited at the career potential of the Data Engineering graduates coming out of the program and look forward to seeing them contributing to a better future for everyone."

Who can join this program:People who understand tech and like working in tech; enjoy solving problems; are analytical in their approach; like working in collaborative teams; and thrive in positions of responsibility. Engineering, Science, BCA/ MCA graduates will find this an exciting area to work in.

About Praxis Business School

Praxis Business School is a premier institution with campuses in Kolkata and Bangalore. The name Praxis symbolizes the philosophy of the institute. The root of Praxis is Greek, meaning 'to do', or the practice of an art, science, or technical occupation.Praxis is committed to playing a significant role in creating a strong pool of resources who understand the interplay between data, technology and business. Praxis offers AICTE approved 2-years full-time Post Graduate Diploma in Management, full-time Post-Graduate Program in Data Science, full-time Post-Graduate Program in Cyber Security and full-time Post Graduate Program in Data Engineering.

Media Contact:Sushanta Saha Head of marketing[emailprotected] +91- 9035003073

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UBIX and ORS GROUP announce partnership to democratize advanced analytics and AI for small and midmarket organizations – PR Web

January 31, 2021 | Author: admin

ORANGE COUNTY, Calif. (PRWEB) January 29, 2021

UBIX, the open source AI-on-Demand company, today announced a partnership with ORS Group, a cross-industry platform for optimizing and automating business processes using proprietary Big Data Analytics and Artificial Intelligence (AI). This combination will accelerate the democratization of advanced analytics and data science in order to make AI abundant, reliable and cost effective for small and midmarket companies.

ORS Group brings a deep understanding of the reality and complexity of modern business and its team is skilled at creating software solutions based on its innovative AI Platform aimed at helping executives extract significant efficiency and cash flow from sales and operations. The ORS AI Platform includes a comprehensive library of AI, Machine Learning and Big Data Analytics algorithms and a suite of vertically integrated solutions for Retail, Manufacturing, Financial and Energy industries that deliver optimized value chains in these industries.

UBIX is an open-source data science platform designed to manage the complete AI lifecycle. It automates and scales all the key tasks across the end-to-end data and analytics pipeline; and enables users of all skill levels to contribute to the development of AI applications at scale. This makes UBIX a natural fit for AI application development to drive digital transformation in small and midmarket companies.

With ORS and UBIX, organizations can now afford to deploy AI-enabled processes and applications, said John Burke, CEO of UBIX. These organizations will be able to leverage a deep model library and over 40 analytic solutions that are being used in different industry verticals such as Demand Planning, Inventory Planning, Manufacturing Control, Procurement and Logistics in manufacturing, CPG/Retail, and Risk Management, Pricing, Fraud Detection in Financial Services.

Through leading edge technology and best-in-class business functionality, ORS continues to deliver unparalleled value to its customers, said Chandra Subramanian, Chairman and Board Leader at ORS. With UBIXs deep knowledge and expertise in data science and AI, this partnership is democratizing advanced analytics and AI for the midmarket organizations, which have struggled to adopt these capabilities due to the overwhelming complexity and cost of current offerings.

About UBIX:UBIX offers a cognitive, AI-on-Demand platform that empowers users of all skill levels to develop and deploy open-source, big, fast data architecture and data science pipelines faster and better than ever. Our patented data shaping and patent-pending learning engine are trained by each input, interaction, and outcome; growing in knowledge and impact over time. Together, we improve productivity, creativity, eliminate errors, support governance, and ultimately accelerate time to value. UBIX is privately funded and based in Orange County, CA. For more information, visit http://www.ubixlabs.com or follow us on LinkedIn.

About ORS Group:ORS software solutions are applications, which make use of science and leverage on 20 years of proprietary development in A.I., Machine Learning and Big Data Analytics to optimize complex business processes for the whole value chain, from production to sales. ORS products are fully integrated with all customers legacy systems from SAP to old AS/400 and automate operations like production scheduling, intelligent and highly proactive supply chains, making them smarter and more efficient. ORS GROUP is also connecting A.I. and Blockchain through their new product, the Hypersmart Contracts (HSC), to provide access to more than 1,000 proprietary algorithms and hundreds of software solutions to the Crypto Community and to established businesses. By combining the power of UBIX and ORS, we envision a planetary network of entrepreneurs and independent companies empowered by the new digital alphabet: ABC Artificial Intelligence, Blockchain, Cryptocurrency. For more information visit http://www.ors.ai or follow us on Linkedin.

Media ContactsTony LevyUBIXtony@ubixlabs.com

Chandra SubramanianORS Groupchandra@ors.ai

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Data Science Platform Market Insights, Industry Outlook, Growing Trends and Demands 2020 to 2025 The Courier – The Courier

January 31, 2021 | Author: admin

The Global Data Science Platform Market Research Report 2020-2025 is a valuable source of insightful data for business strategists. It provides the industry overview with growth analysis and historical & futuristic cost, revenue, demand, and supply data (as applicable). The research analysts provide an elaborate description of the value chain and its distributor analysis. This Market study provides comprehensive data that enhances the understanding, scope, and application of this report.

Top Companies in the Global Data Science Platform Market: Microsoft Corporation?, IBM Corporation?, Google?, Wolfram?, DataRobot?, Sense?, RapidMiner?, Domino Data Lab?, Dataiku?, Alteryx?, Continuum Analytics AndOther

Click the link to get a Sample Copy of the Report: (Special Offer: Available Flat 30% Discount for a limited time only):

https://www.theresearchinsights.com/ask_for_discount.php?id=306702

This report segments the Data Science PlatformMarket on the basis of by Type are:

On-Premises?On-Demand Others

On the basis of By Application, the Data Science PlatformMarket is segmented into:

Banking, Financial Services, and Insurance (BFSI)?Healthcare and Life Sciences?Others

Regional Analysis for Data Science Platform Market:

For a comprehensive understanding of market dynamics, the Data Science Platform Market is analyzed across key geographies namely: United States, China, Europe, Japan, South-east Asia, India, and others. Each of these regions is analyzed on basis of market findings across major countries in these regions for a macro-level understanding of the market.

Explore Full Report With Detailed TOC Here:

https://www.theresearchinsights.com/service-and-software/COVID-19-World-Data-Science-Platform-Market-Research-Report-by-Product-Type-End-UserApplication-and-RegionsCountries-306702

Points Covered in The Report:

The points that are talked over within the report are the major Data Science Platform Market players that influence the market such as raw material suppliers, manufacturers, equipment suppliers, end users, traders, distributors etc.

The all-inclusive profile of the companies is specified. The production, price, capacity, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, future strategies, supply, and the technological developments that they are creating are also incorporated within the report. Besides the historical data from 2014 to 2019 and forecast data from 2019 to 2025.

The growth factors of the Data Science Platform Market are deeply discussed while the different end users of the market are underlined.

Data and information by manufacturer, by region, by type, by application and etc., and custom research can be added in line with the specific requirements.

TheData Science Platform Market report also considers the SWOT analysis of the market. Finally, the report concludes with the opinions of the industry experts.

What are the market factors that are explained in the report

Further in the Data Science Platform Market research reports, following points are included along with in-depth study of each point:-

Production Analysis Production of the Data Science Platform Market is analyzed with respect to different regions, types and applications. Here, price analysis of various Data Science Platform Market key players are also covered.

Sales and Revenue Analysis Both, sales and revenue are studied for the different regions of the Data Science Platform Market. Another major aspect, price, which plays important part in the revenue generation, is also assessed in this section for the various regions.

Supply and Consumption In continuation with sales, this section studies supply and consumption for theData Science PlatformMarket. This part also sheds light on the gap between supple and consumption. Import and export figures are also given in this part.

Competitors In this section, various Data Science Platform Market leading players are studied with respect to their company profile, product portfolio, capacity, price, cost and revenue.

Other analyses Apart from the aforementioned information, trade and distribution analysis for the Data Science PlatformMarket, contact information of major manufacturers, suppliers and key consumers is also given. Also, SWOT analysis for new projects and feasibility analysis for new investment are included.

Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.

Note: All the reports that we list have been tracking the impact of COVID-19 on the market. Both upstream and downstream of the entire supply chain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.

About Us:

The Research Insights A global leader in analytics, research and advisory that can assist you to renovate your business and modify your approach. With us, you will learn to take decisions intrepidly. We make sense of drawbacks, opportunities, circumstances, estimations and information using our experienced skills and verified methodologies. Our research reports will give you an exceptional experience of innovative solutions and outcomes. We have effectively steered businesses all over the world with our market research reports and are outstandingly positioned to lead digital transformations. Thus, we craft greater value for clients by presenting advanced opportunities in the global market.

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What Are Altcoins? All That You Need To Know About The Non-bitcoin Cryptos – Moneycontrol.com

January 31, 2021 | Author: admin

Litecoin, Ethereum, Ripple, Dash, NEM and Monero are some of the altcoins looking to challenge bitcoin.

In a world going virtual, can currencies be far behind? Obviously not, particularly when cryptocurrency has become a hot button topic in trading and investment circles.

While bitcoins have tended to hog the limelight in this rarefied space, there are multiple other coins or cryptocurrencies that are attracting eyeballs. In that lot, altcoin is fast emerging as a favourite.

An altcoin is a cryptocurrency, or virtual currency. It is an alternative tobitcoin. Altcoins work much like the original Bitcoin. Using a private key, a payment can be sent from a digital wallet A to digital wallet B. In acryptocurrencysuch as these, there is a blockchain or recording ledger, where the transactions are permanently and publicly recorded, so exchanges can't be altered or denied. The blockchain is secured by mathematics proofs, which confirm transactions in block.

Moneycontrol goes deep into the world of altcoins, examining the main issues that surround the coins. Before that though, it is important to familiarise an investor about these coins. It will help set the context.

Right, so think of bitcoins as a digital currency, which cannot be manufactured or printed but only be mined by solving complex mathematical problems.

Bitcoin first grabbed peoples imagination on January 3, 2009, creating a network of sorts when a mysterious pseudonym known as Satoshi Nakamoto mined the starting block of the chain, known as the genesis block.

Today, this seems like a whole different world. So, are altcoins another form of bitcoin?

No. Altcoins stand for alternate coins or alternate to bitcoins and are non-bitcoin cryptocurrencies. Altcoins also don't all follow the same rules as Bitcoin. For example, while Bitcoin will only ever mine, or produce, bitcoins every 10 minutes, an altcoin called Litecoin will produce coins every 2.5 minutes. This makes Litecoin able to process payments faster. Litecoin will also produce 84 million litecoins, whereas Bitcoin will only produce 21 million bitcoins. Litecoin also uses a different set of rules for miningthan bitcoin. Whereas bitcoins require costly hardware to mine, litecoins can be mined with common computer hardware.

Now why do we need altcoins? Isnt bitcoin enough for crypto enthusiasts?

Bitcoin was one of the first cryptocurrencies to be developed, but since then, there have been layers of improvement on its structure. Certain altcoins have made transactions cheaper as well as faster. Some consume lesser energy to be mined while others bring in added layers of secrecy. While few have the same proof of concept, some altcoins operate on different proofs of concept. There is a complex technological analysis that can be put forward, but we can keep that for later explanations. The main point is these new coins have made technology stronger, better, making transactions less expensive. In addition, there was also the need for stabler cryptocurrency. Historically, bitcoin is prone to massive value fluctuations. So, there are some stable coins in the market as well, which are pegged against other fiat currencies like US Dollars. Libra, which was to be launched by Facebook and other tech companies, was supposed to be one such stable coin.

Can you give some examples of altcoins?

Interestingly, Litecoin is just one of the thousands of altcoins on the market. A few examples of altcoins include Ethereum, Ripple, Dash, NEM and Monero. Litecoin was introduced in 2011 after the success of bitcoins. While the proof of concept is nearly the same, it operates in different ways. Yet another example of altcoin could be Namecoin. It was also introduced in 2011, and uses the same proof of concept as bitcoins, but what it brings is greater anonymity and helps avoid any form of censorship. As per industry estimates, there could be as many as 5,000 such cryptocurrencies in the world. Except bitcoin, all the rest are clubbed under altcoins.

So, how are these altcoins used?

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Altcoin Season Booming Under the Radar, Says Top Trader Here Are His Low and High-Risk Strategies – The Daily Hodl

January 31, 2021 | Author: admin

Crypto trader and influencer Lark Davis is sharing his low and high-risk techniques to spot the next big movers in the altcoin market.

In a new video, Davis tells his 183,000 YouTube subscribers that some investors are missing out as altcoins have been quietly making significant gains in the last few months.

Some people have been sitting around waiting for the magical altcoin season to happen when in truth, altcoin season has been happening for a like a freaking year now. Altcoins have been making crazy returns for investors way beyond Bitcoin has been giving to investors.

For investors who are looking to hop on the altcoin train, the trader tells his audience to look at coins with a market cap of $100 to $200 million as they offer the best risk-reward ratio. These projects typically have working products and growing user bases but have limited market reach.

Davis adds that solid projects such as Aave can exponentially grow without a significant pullback. In such cases, the analyst suggests looking at the fundamentals of the protocol.

Focus on the fundamentals. That is what is going to bring you in those gains. Look for that strong economic token model, which Aave has. Look for original ideas [and] powerful technology, which Aave has. Look for a strong team, which Aave has. Look for good total value locked. Its one of the top leaders. Understand if the model is sustainable. Theyve got a pretty simple business model. Understand how the remaining token releases could affect the value of the tokens that you buy Always find out, too, if you can farm the tokens for free.

Davis highlights that while middle cap coins will likely not generate 100x returns, he says they have to potential to print gains between 20x and 50x during this bull run.

As for opportunities to earn 100x returns, Davis recommends scouring coins with a market cap of less than $100 million. He notes that although these projects offer maximum potential for gains, they also come with extremely high risk.

You either lose a truckload of money or you make a truckload of money.

When investing in low-cap coins, Davis tells his audience to practice risk management techniques to protect their capital.

One of the easiest ones that you can do to minimize your risk when playing with these kind of coins is to keep your position sizing low What I usually do is I put like 1% of my portfolio into these low market cap coins You really have to think twice before considering bigger allocations into these high-risk coins because things can go very bad very quickly.

I

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Analyst: The 2021 Altcoin Season Only Started – CryptoPotato

January 31, 2021 | Author: admin

2021 has so far been an exciting year in the cryptocurrency market. We saw its capitalization surpassing $1 trillion for the first time in history.

And while a lot of it had to do with Bitcoins surging price, over the last few days, its becoming evident that altcoins are claiming their share, causing many to believe that were in a state of the market known as altcoin season.

An altcoin season is a term used to describe a market condition where bitcoins price is being heavily outperformed by that of altcoins. This is directly reflected in the BTC dominance index, measuring Bitcoins share relative to that of the entire cryptocurrency market.

According to the well-known trader, investor, and crypto proponent going by the Twitter handle Secrets of Crypto, the market is currently in phase 2 of an altcoin season.

We are now in Phase 2 of the Path to Altseason Chart. Ethereum has been outperforming Bitcoin for a month straight and is starting to go parabolic

The Path to Altseason is a graphic that describes the different phases of this market condition. Phase 1 is when theres a flow of money going into Bitcoin and, possibly, to Ethereum. Whats important to note here is that during this phase, ETH struggles to keep up with Bitcoin, and it goes back and forth.

Phase two (where were currently at, according to the analyst) is when Ethereum starts outperforming BTC.

Indeed, Ethereum has been outperforming bitcoin impressively over the course of this year. ETH is up around 87% YTD, while BTC is up just shy of 15%.

Another thing about the current Phase 2 of the Path to Altseason is that money starts flowing to other large-cap altcoins. We saw that too. As CryptoPotato recently reported, Chainlinks LINK charted a fresh all-time high, while Polkadots DOT has also been performing impressively.

First things first, this is by no means investment advice, and its important to note that history is not an indicator for future events.

According to the analysts photo, however, the next phase will see large-caps going parabolic. Moreover, other altcoins with strong fundamentals should also see notable gains. During the last phase of the altcoin season, large caps have gone full vertical, and were seeing blow-off tops.

Other characteristics include booming smaller altcoins, as well as meme coins taking off as everyone is ecstatic about the market and you feel the mania in the air.

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Mark Cubans Crypto Wallet Exposed Here Are the Altcoins Hes Investing In – The Daily Hodl

January 31, 2021 | Author: admin

The contents of billionaire entrepreneur Mark Cubans Ethereum wallet are now public knowledge.

The Dallas Mavericks owner and Shark Tank stars Ethereum wallet address was revealed after he promoted a digital collectible listed on the non-fungible token (NFT) marketplace Rarible via his social media account.

According to pseudonymous crypto researcher Dogetoshi, who initially tweeted out Cubans Ethereum wallet address, promoting NFTs amounts to doxxing oneself publicly broadcasting an individuals private or identifying information.

Promoting NFT = doxx.

Cuban acknowledged it is his address after the wallet was posted online.

Cubans altcoin bag includes a long list of decentralized finance (DeFi) altcoins. Cuban holds $134,000 of the decentralized finance (DeFi) protocol Aave, which represents the vast majority of his portfolio.

Aave enables users to borrow or lend crypto assets. Users who lend their crypto assets earn interest while borrowers use their crypto assets as collateral.

After that, the next-largest altcoin Cuban holds is about $1,000 of an obscure coin called Friends With Benefits. He also holds $400 of the controversial crypto Hex, which pays holders for rewards instead of miners.

Cuban also holds a minuscule amount of a long list of crypto assets. Its likely that crypto investors sent small amounts of their favorite altcoin to Cubans wallet in the hopes of convincing him to check them out or to trick others into believing that he is invested in them.

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Altcoins This Week: Chainlink (LINK) Tops The Price Tables As Altcoin Stay Somber After BTC Collapse – Coingape

January 31, 2021 | Author: admin

Altcoin Performer of the Week: Chainlink (LINK)

As the overall crypto market remained somber after the collapse of Bitcoin to below USD 30000 levels, some altcoins did show some minor rises before moving back to market trends. But the one coin top altcoin that stood out this week and should some bullish momentum was Chainlink (Link)

Chainlinks price has been on the rise through the course of 2021. In the past week alone, the cryptocurrency saw its price hike by close to 20 percent, with renewed bullish momentum very evident on the charts. However, following past precedents, such gains only make LINKs price more likely to see a minor correction in the near-term.

At press time, Chainlink was trading at $25.32 with a registered market cap of over $10.08 billion. Further, the cryptocurrency was also noting a 24-hour trading volume of $4.9 billion and was placed at 7th position on the overall list of coins and tokens placed by Market Cap, pushing down Litecoin(LTC) to 8th position. With this spike, Chainlink (LINK) is now in touching distance Cardano (ADA), which was in the sixth position.

While the Chainlink (LINK) price surge was a result of the newsflow this week, that Grayscale is preparing to add a Chainlink Trust product, any further incremental news might keep the coin buzzing in the coming week as well pushing it to a new All-time high

Altcoin Update from the week

While the bellwether BTCs movement controlled most of the momentum and sentiment for the altcoins, altcoins did show resilience by not falling as much as the BTC did, exciting many investors the alt season was here.

Ethereum found itself comfortable above USD 1200 with a minor rise of less than 1 % this week. Last weeks hero Polkadot (DOT) also saw some cooling as the coin just rose 3.82 % this week. The other performers in the top 20 altcoin chart were

While the rise in Chainlink(LINK) did push Litecoin (LTC) down in ranking, the distance between market caps of Polkadot(DOT) and XRP widened, confirming the coin would stay in the number 4th position (by market cap) for some time.

Which Altcoins do you think will shine in the coming week?

To keep track of DeFi updates in real time, check out our DeFi news feed Here.

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Kyber 3.0 Upgrade Is Around the Corner – Product Release & Updates – Altcoin Buzz

January 31, 2021 | Author: admin

The decentralized finance (DeFi) space was at full throttle last year. At the end of 2020 Q3, the total value locked (TVL) in the DeFi space was about $10 billion. Despite these huge achievements, the space also experienced several major constraints. Kyber Network, a popular Ethereum-based DeFi protocol, has previously highlighted most of these challenges in an October blog post. The protocol also highlighted several important changes that will help take care of the challenges currently faced by DeFi.

Topping its list of proposed solutions is its Kyber 3.0 protocol upgrade. The upgrade will move Kyber Network from a single protocol to a hub of purpose-driven liquidity protocols catered to various DeFi use cases.

Hashed officially confirmed this announcement via Twitter.

The Kyber 3.0 upgrade will be the greatest change to the Kyber ecosystem. It would enable the network to easily get accustomed to DeFi trends, also equally providing improved benefits to KNC holders, liquidity providers, developers, takers, etc.

Kyber 3.0 is made up of two phases Katana and Kaizen. Alongside Kyber 3.0, the platform will also be launching a new liquidity protocol dubbed Kyber DMM. In essence, it will allow for permissionless liquidity contributions from any person and give full access to this liquidity to any interested takers.

Kyber Network also has plans in place to enhance its tokens (KNC) governance power. To achieve this, plans are in place to upgrade both the KNC token and KyberDAO. This proposed upgrade will be voted upon by KNC holders.

Kyber Networks design was effective. It enabled on-chain scanning of liquidity providers on the network but faced huge drawbacks as the DeFi ecosystem grew. It was built as a single interface, so it had to be ETH-based and be a single permission model in order to ward off DDoS attacks. Kyber 3.0 aims to put an end to these constraints.

The upgrade is expected to drive better adaptability and also provide the network with better access to DeFi trends.

There are several advantages embedded in the proposed Kyber 3.0 upgrade. They include:

Alongside the proposed protocol upgrade, Kyber Network also has plans to launch the first-ever Dynamic Market Maker (DMM) in the DeFi space. The DMM will be available to all players on the network, including retail LPs.

The DMM will furthermore take care of AMMs impermanent loss (IL) and capital inefficiency. It will also help optimize fees on the platform via its Programmable Pricing Curve and its Dynamic Fees To help mitigate IL and increase LP profit

To make the networks proposed architecture change easy, the Kyber team will put forward a special upgrade to both KyberDAO and KNC tokens. The proposal is aimed at:

As previously stated, the upgrade will be in two phases: Katana and Kaizen. The Katana phase of the upgrade is expected between Q1 and Q2 2021. During this phase, Kyber DMM and the KNC and Kyber DAO proposal submission is expected to take place. The Kaizen upgrade is slated for Q3 2021, signaling the official completion of the Kyber 3.0 upgrade.

At the time of publication, KNC was trading at $1.34, with a market cap of $270,119,835 and a 24-hour trading volume of $77,729,379.

Altcoin Buzz recently published an article on the step-by-step processes of installing the KyberSwap wallet.

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Kyber 3.0 Upgrade Is Around the Corner - Product Release & Updates - Altcoin Buzz

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