All Things Crypto- An Elk.Finance Podcast ElkFinance

In this episdode of All Things Crypto, Shylo (LtSnakePlissken) speaks with Dr. Adam Sharp MD MSc, CEO of Galvan. Galvan's mission is to allow users to earn tokens for making healthy choices, as well as have access to their health information on the blockchain. In this episode, we discuss: 

1. What the blockchain has to do with health and wellness

2. Galvan's mission

3. Current concerns related to the health system that the blockchain may be able to solve

4. The implications of having health related information on the blockchain

5. The downsides of the blockchain, as it relates to health and wellness

Please remember that as with all episodes of this podcast, we are not financial adivsors, and this is not to be considered financial advice.

Today, Shylo (LtSnakePlissken) and special guest Denton (from Hoo Smart Chain) discuss DAOs- Decentralized Autonomous Organizations. We discuss What DAOs are, how they work, why they could be important, and some potential pitfalls. We also talk about what DAOs mean for the future of not only crypto, but even humanity! Give the episode a listen to learn more, and be sure to visit Elk.Finance for all of your DeFi needs!

In this episode Farid, Shylo, and Josh discuss Web3. We talk about what it is, what it means for tech, and what it has to do with the blockchain and possible mass adoption. We also have a great discussion about the future of Web3. The term Web2 was coined in 1999, and defined the simple interaction with centralized websites, especially social media. Web3 focuses more on the decentralization of the internet for privacy and security reasons. This also comes with some potential pitfalls. Come listen to the discussion!

In today's episode, Farid and Shylo (LtSnakePlissken) discuss the features of the upgraded ElkNet, the new ELK token, and why the upgrade took place. 

Picture ElkNet as a hub of our ecosystem. Like the centre of a wagon wheel, where each spoke reaches out to a different blockchain. On each blockchain there is a reservoir of ELK. With v2, users can simply transfer their Elk tokens into the reservoir using our dApp, ElkNet "picks up" this transfer, and after the transaction is final (different on many blockchains but ElkNet doesn't care) it instructs the reservoir on the destination chain to send ELK (the same amount) to the user's wallet. That is how it works right now, but ElkNet is more than just a bridge. We're more of an oracle. Closer to something like Chainlink. We allow data gathering and transfer across blockchains, but primarily we are utilizing it for value transfer at the moment through our ELK token. In the future ElkNet will be able to create databases of information, proxy tokens, and even transfer our upcoming stablecoin pegged to the Swiss Franc (CHFT)! The v2 upgrade of ElkNet allows for this to happen.

In terms of the token upgrade, this was done in order to increase security of the protocol by removing the mint function from the old Elk token. This way, new ELK could be placed in to these new reservoirs and users not aware of the upgrade would not have to worry about what is happening, as they are informed on the webiste. We are also now able to have the same contract address on IoTeX, which is a nice little fix.

Give the podcast a listen for more details!

Hey Elksters! We wanted to give you a quick run down of what Elk is doing at the Avalanche Summit in Barcelona. Come by and meet us! The team is leading a workshop on March 26th @ 12:15pm, doing some special giveaways, and planning for a good time! We're planning to be at a few different places, so best to keep your eyes on the Elk Twitter from March 22nd to 28th, 2022.

In the 12th episode, Farid and Shylo (LtSnakePlissken) discuss rug pulls. Stay informed and DYOR regarding projects so you don't get scammed! Please see the notes here for more info on the episode.



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