According to U.Today, Ledger's Chief Experience Officer, Ian Rogers, recently shared his views on blockchain and artificial intelligence (AI) during an interview with Bloomberg. He suggested that these two technologies are two sides of the same coin, with AI representing digital abundance and blockchain embodying digital scarcity. Rogers believes that we are already living in a world where AI-generated web pages are commonplace.

Rogers also predicted that blockchain technology will play a crucial role in verifying the authenticity of various online content. He emphasized the importance of being able to confirm that it is indeed the original person speaking or writing, and not a deepfake or altered version. He suggested that using a Ledger wallet to log into social media accounts could serve as proof of a user's identity, indicating the potential for blockchain and AI to work together in the future.

Ledger, a leading cryptocurrency hardware wallet provider, recently began shipping its high-end Ledger Stax crypto wallets, first announced in December 2022. The new wallet features a secure touch screen, enhancing the user experience of the self-custody wallet. The device was developed in collaboration with Foxconn, the world's largest contract electronics manufacturer.

The idea of merging AI and blockchain has been proposed by several business leaders. Blockchain-based verification is seen as a promising application. Alexis Ohanian, co-founder of Reddit, recently suggested that blockchain could be used to determine whether a photo has been generated by AI, given the rapid advancement of this technology.

According to BlockBeats, the BitVol index, a measure of expected 30-day implied volatility derived from tradable Bitcoin options prices, saw a slight increase to 54.54 on June 12. This represents a daily increase of 1.72%. The index was launched by financial index company T3 Index in collaboration with options trading platform LedgerX.

Implied volatility refers to the volatility implied by the actual price of an option. It is calculated using the B-S option pricing formula, where the actual price of the option and all other parameters except volatility (σ) are substituted into the formula to derive the volatility.

The actual price of an option is formed by competition among many options traders. Therefore, implied volatility represents the market participants' views and expectations about the future of the market, and is considered to be the closest to the real volatility at that time.

During a recent interview with Bloomberg, Ledger Chief Experience Officer Ian Rogers opined that blockchain and AI are actually two sides of the same coin: 

"I think that AI and blockchain are two sides of the same coin. AI brings digital abundance, and blockchains are fundamentally about digital scarcity. We are already living in a world where you are looking at web pages that were made by AI that, you know, was fed by Web pages that were made by AI" he said.  

Rogers predicts that the blockchain technology will be useful for determining the authenticity of various content that can be found on the internet. "At some point, knowing that it is actually me, who is saying what I'm saying and that, you know, it's not a deepfake and it's not altered, you know, is incredibly important," he noted. 

card

For instance, Logging into one's social media account with a Ledger wallet could prove that that person is a human.

"...Increasingly, we will see the ways that these two things go hand and hand," he added.  

The company recently started shipping its high-end Ledger Stax crypto wallets that were originally announced in December 2022. Its new wallet features a secure touch screen that makes it easier to use the self-custody wallet. Notably, Ledger's new high-end device was created in partnership with Foxconn, the biggest contract manufacturer of electronics in the world. 

Blockchain colliding with AI 

Some business luminaries have already floated the idea of combining AI and blockchain. 

card

Blockchain-based verification appears to be the most promising use case so far. Reddit co-founder Alexis Ohanian recently suggested that blockchain could be used for determining whether or not a certain photo is generated by AI amid rapid proliferation of this high-end technology.  

Bitcoin Magazine’s “10 Steps to Self-Sovereignty” series in partnership with Ledger is officially concluded. Over the last few months we have gone through many different topics, ranging from specific guides on how to manage and interact with your bitcoin securely and in a self-sovereign fashion, to explanations of fundamental properties that make Bitcoin a valuable and functioning asset and network.

Now that the series has concluded, let’s look back at each article and the topic it covered.

Step 1 | Understanding Your Bitcoin Keys: Bip39 Seed Words

This first article takes a look at how to actually manage your seed phrase used to generate your private keys, how they work under the hood, and how to safely generate them. It is absolutely critical that users understand how to manage them properly.

This article gives readers all the basics they need to know.

Step 2 | Bitcoin Has No Top Because Fiat Has No Bottom: Understanding Monetary Debasement

The second article discusses the dynamics of monetary debasement with fiat currencies, and the history of that across different societies. Understanding the abuse of the money printer by central banks and past fiat authorities is an important step to understanding why Bitcoin’s immutable monetary policy makes it so valuable in the world today.

Step 3 | The Do’s and Don’ts of Bitcoin Self-Custody

The next article walks through important milestones and things to ensure you do correctly when managing your funds in Bitcoin. Self custody goes beyond simply generating a seed phrase and putting it in a drawer. When you manage your own bitcoin, the responsibility is entirely yours and no one else’s.

This article walks readers through important things that must be done in managing your own keys, and how to do them correctly.

Step 4 | The Infosec Basics: How To Keep Your Bitcoin Seed Phrase Secure

Generating your seed phrase is step one of self custody, but over time you have to guarantee that it is kept safe from loss and secure from prying eyes and thieves. The fourth article walks readers through how to store their seed phrase backups safely.

Where to store them, where not to store them, the types of materials to store them with, this article covers them all.

Step 5 | Fully Noded: The Basics And Benefits Of Running A Bitcoin Node

The fifth article discusses one of the most important aspects of using Bitcoin aside from managing your own private keys: running a node. It explains why this is important, the network after all only exists because of all the disparate users and businesses who run nodes.

It also explains the direct benefits to you the user gained from running a node and verifying the blockchain yourself.

Step 6 | Quality Money: Bitcoin To Become Scarcer Than Gold Post-Halving

The sixth article compares Bitcoin to it’s analog predecessor: gold. This last halving marked Bitcoin’s inflation rate dropping below that of the king of analog store of value. Gold has always been used a comparison to explain Bitcoin’s properties as money, this article explains why Bitcoin is inherently designed to exceed gold’s value proposition monetarily.

Step 7 | Bitcoin Is Borderless: How Decentralisation and Permissionlessness Grant Autonomy Across Political Jurisdictions

Article seven dissects why Bitcoin is usable all across the world. The network is not concentrated in any single jurisdiction, meaning that it is accessible anywhere in the world. This provides Bitcoin with a unique value proposition in terms of bringing your wealth with you anywhere in the world.

Step 8 | Bitcoin Is Built To Last: How The Network Defends Against Attacks

The eighth article reinforces why Bitcoin is so robust and resilient against failure and attacks. It dissects numerous possible ways the network could be disrupted or attacked, and walks through each scenario to demonstrate why in each of them the likely outcome is that Bitcoin survives and continues to function.

It would take a truly cataclysmic event to bring the Bitcoin network to a halt.

Step 9 | Going Bankless: Bitcoin Offers The Ultimate Financial Freedom

The ninth article looks at one of Bitcoin’s chief value propositions: the ability to spend your money self custodially, without permission from anyone. It looks at both the benefits of Bitcoin that cannot be provided by traditional banks and financial services, as well as the challenges still on the horizon that must be conquered in order to scale these valuable uses to the world.

Step 10 | Running The Self-Sovereign Business

The final article in the series looks at the use of Bitcoin in commerce. Money is meant to be transacted with, and this inherently means that businesses and service providers must accept it in exchange for goods and services. This article looks at the issues that a business must consider when accepting Bitcoin as a form of payment and using it as money in the course of business operations.

Wrapping Up

This series of articles can be a valuable resource for new Bitcoiners looking to enter the space and take full advantage of the sovereignty that Bitcoin has to offer for those willing to take on the responsibility.

 Each article is focused on a single topic to either guide readers through the act of custodying their own coins, and ensuring they are equipped to do so safely, or ensure that a well rounded understanding of the value proposition of Bitcoin in a certain area is well understood.

Both of these types of content are valuable and vital in ensuring that Bitcoiners have a sound footing under them when navigating this space. Hopefully all of you have gained some valuable insight from reading them.

For more information on Ledger and self-custody, visit: https://www.ledger.com/

Source: Bitcoin Magazine

The post 10 Steps to Self-Sovereignty with Bitcoin appeared first on Crypto Breaking News.

In the world of cryptocurrencies, a ledger is a fundamental concept that refers to the record-keeping system used to track transactions on the blockchain. A ledger is essentially a database that stores all the information about every transaction that has ever occurred on the network. This article will explore the concept of a ledger in detail, covering everything from its definition to its significance in the cryptocurrency ecosystem.

What is a #Ledger ?

A ledger is a record-keeping system that tracks transactions on the blockchain. It is a database that stores all the information about every transaction that has ever occurred on the network. A ledger consists of a series of blocks, each of which contains a group of transactions. Each block is linked to the previous block, forming a chain of blocks, hence the term "blockchain".

Types of Ledgers

There are two main types of ledgers in the cryptocurrency world: public and private ledgers. A public ledger is open to anyone, and all transactions are visible to all participants on the network. A private ledger, on the other hand, is restricted to a select group of participants who have permission to access it. Private ledgers are often used in enterprise settings where privacy and security are of utmost importance.

Importance of Ledgers in Crypto

Ledgers are a critical component of the #cryptocurrency ecosystem as they provide a transparent and secure way to track transactions. The decentralized nature of the blockchain means that no single entity controls the ledger, making it resistant to fraud and hacking attempts. Ledgers also provide a transparent way for users to verify the integrity of the network, as they can check the ledger to ensure that all transactions are valid and have been properly recorded.

Ledgers and #Mining

Mining is the process by which new cryptocurrency tokens are created and transactions are verified on the blockchain. Miners use their computational power to solve complex mathematical problems, and in return, they are rewarded with newly created cryptocurrency tokens. The mining process involves verifying transactions on the ledger to ensure that they are valid and have been properly recorded.

Ledgers and #Wallets

Cryptocurrency wallets are used to store and manage digital assets. A wallet does not actually store cryptocurrency tokens; instead, it stores the private keys required to access them on the blockchain. When a user sends or receives cryptocurrency tokens, the transaction is recorded on the ledger. Wallets use the ledger to update the balance of a user's account and to ensure that all transactions are properly recorded.

Conclusion

In conclusion, a ledger is a critical component of the cryptocurrency ecosystem that provides a transparent and secure way to track transactions on the blockchain. The decentralized nature of the ledger makes it resistant to fraud and hacking attempts, and it provides a transparent way for users to verify the integrity of the network. Ledgers are used in mining, wallet management, and other critical aspects of the cryptocurrency ecosystem, making them an essential concept to understand for anyone interested in cryptocurrencies.

Ledger, a business that develops hardware wallets for #cryptocurrency investors to store their digital assets, has benefited from market uncertainty elsewhere by closing its €100 million financing round with the majority of the funds. First of three investment rounds is the fund.

Ledger's current market value is €1.3 billion, or about €1 billion more than the price determined by investors in its most recent financing in June 2021. The source claims that due to high investor demand, a second close is planned for April, followed by a third fundraising at a later time. The money will be used to increase production, expand the business's distribution system, and develop new products.

Ledger's CEO, Pascal Gauthier, stated at a Paris interview that:

"People all of a sudden thought, "Wow, leaving cryptocurrency on an exchange is very risky." And since you can no longer even leave money at a Swiss bank, 2023 will be much better for us."

One company that creates USB-like devices for holding cryptocurrency assets is Ledger. Since they lack a live internet connection, these devices are sometimes known as "cold wallets." As a result, digital wallets offer an extra degree of protection against hackers who may try to access and take advantage of any wallets connected to the internet.

In a fundraising round in 2021, #Ledger raised an extra €356 million, or more than $385 million at the current exchange rate. The company's valuation stayed constant at €1.3 billion, or $1.41 billion at the time of writing using the current exchange rate, despite the additional €100 investment.

Among the businesses that didn't participate in the first investment round but did so in the second were True Global Ventures, VaynerFund, and Digital Finance Group. The companies that made a significant contribution to both funding rounds included Cathay Innovation, Morgan Creek, 10T, and Korelya Capital.

With the shocking demise of the cryptocurrency exchange FTX, November appears to have been the company's highest income month. The buy-and-sell cryptocurrency app from Ledger Live has seen a 200% growth in revenue over the past year. Ledger claims that it presently holds 30% of non-fungible tokens and more than 20% of all cryptocurrencies in existence (NFTs).

Trezor, a manufacturer of hardware wallets, also benefited from FTX's bankruptcy. They reported a 300% rise in sales revenue as a result of investors getting their money back.

Since 2014, Ledger has sold more than 6 million hardware wallets. Throughout the period from June 2022 to February 2023, the company sold almost a million gadgets.

This news is republished from https://coinaquarium.io/