IOTA-Based Technology Fuels Digital Health Passport: Details

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Thu, 07/02/2020 - 14:03
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Vladislav Sopov
IOTA distributed ledger technology has powered many real-world applications. Today, the European Fundraising Association called an IOTA-based solution a top innovation
IOTA-Based Technology Fuels Digital Health Passport: Details
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According to the official release by the EFA, the IOTA Selv app is one of the most useful innovations in the world of achieving social good.

Digital Health Passport, a blockchain-based solution for sensitive information

IOTA Selv, a digital identity solution, is designed to share, verify and manage personal credentials. Firstly, it processes health certificates and allows demonstrating them to employers and health control authorities.

Image by IOTA
Image by IOTA

Also, it can be used in visa applications in the case that health records are required for traveling. Thus, it allows three-party interaction between citizens, entrepreneurs and authorities in a trustless and reliable manner.

As revealed by Dr. Michele Nati, lead technical analyst of the IOTA Foundation, the creation of this environment allows processing sensitive credentials without sacrificing user privacy. He also admitted that the development of IOTA Selv was accelerated by the ongoing global issues.

Florian Doebler, IOTA's Head of Social Impact and Public Sector Development, claims that this technology will be in demand for many decades. Its long-term sustainability is the feature that IOTA is particularly focused on.

On the road to decentralization

As covered by U.Today, IOTA Foundation has started rolling out its bridge to a fully decentralized system. The first phase of this migration, dubbed Pollen, started onboarding developers three days ago.

Pollen will incentivize public trial testing of all IOTA 2.0 components without the interference of the Coordinator, the only centralized data structure in the modern IOTA DLT.

Related IOTA (MIOTA) Redesigns Website, Teases Path to IOTA 2.0
Related
IOTA (MIOTA) Redesigns Website, Teases Path to IOTA 2.0

Also, IOTA recently re-designed its website to visualize every aspect of the upcoming transition (Coordicide) in a modern and intuitive way.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250

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Fri, 01/15/2021 - 18:02
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Vladislav Sopov
Ethereum 2.0 enthusiasts deposited whopping sum in its contract launched six weeks ago
2,500,000 Ethers Locked in Ethereum 2.0 Deposit Contract as ETH Rejected From $1,250
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While crypto markets are trying to get out of the most painful correction in this bullish cycle, the Ethereum 2.0 deposit contract accomplishes another crucial milestone.

ETH2 deposit contract surpasses $3,000,000,000 level

According to leading Ethereum network observer Etherscan, the Ethereum 2.0 deposit contract (0x00000000219ab540356cBB839Cbe05303d7705Fa) allocated more than 2.5 million Ethers. New 32-ETH stakes are transferred to it every minute.

ETH2 deposit contract breaks above $3B
Image by Etherscan

As the correction of the Ethereum (ETH) price ended, ETH is changing hands at $1,225: the $1,250 level was too difficult for bulls to conquer. Meanwhile, even at press time, it is worth almost $40,000 to join the club of Ethereum 2.0 stakers.

Therefore, the USD-denominated value of assets locked in the contract surpassed $3 billion for the first time ever and keeps surging.

It should be noted that Ethereum 2.0’s deposit contract went live on Dec. 1, 2020, heralding the start of ETH2 Pase Zero or Beacon Chain, the inaugural stage of Ethereum 2.0.

Ethereum 2.0 “entry tickets” become really expensive

At press time, more than 52,267 addresses transferred money to the deposit contract.

Ironically, Black Thursday in Crypto (March 13, 2020) was the most convenient time to join Ethereum 2.0 staking with Ether at $95. Today, Ethereum (ETH) enthusiasts should pay 13 times more to have a minimum amount of Ethers required for staking.

Ethereum 2.0 is a proof of stake (PoS) iteration of the Ethereum (ETH) protocol. It replaces mining by staking and splits the whole Ethereum (ETH) network into several interconnected sub-chains (shards).

According to Staking Rewards analytical dashboard, annualized rewards for ETH staking are estimated between 10.4 and 10.6 percent.

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About the author

Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockchain.

Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)