It just so happens that the godfather official NF TS are out that's, courtesy of Tara, Virtua, the ARV R, so that's, augmented and virtual reality. Blockchain collectibles platform will showcase a video at the end of this piece, which highlights what they're, capable of and what they're aiming toward. Well look at all that let's first take a look at the market. However, on coin geico.com, here total market down 0.1. As you can see, and things are more or less flat – marginally up in some cases, Bitcoin up 0.6 in the last 24 hours right now at nine thousand, seven hundred and twenty three dollars Bitcoin has a dominance currently of 66.7 we're. Looking here on, all coin buzz dot IO at polka dot, the interoperable blockchain network article by Daniel polka dot, can handle many transactions on several chains in parallel characterized by its interoperability. Scalability and shared security capabilities. I'Ve always pointed to interoperability and I've said it kind of tongue in cheek, but there is some truth to it: I've always referred to that quality or that characteristic as being kind of the holy grail in this blockchain space, so polka dot. If you've not heard of, it is a global network of interoperable chains and networking solution for blockchains to operate safely and reliably with each other in polka dot. Unlike many block chains with the capability to process, a limited amount of traffic can thus handle many transactions on several chains in parallel.
Invariably, this results in eliminating the bottlenecks that occur on legacy networks, processing transactions, one by one let's, discuss for a moment. The Kusama initiative. This was an experimental network within polka dots ecosystem and its launch took place in August of 2019. One important point to note here is that it is not a test net but an unaudited network built on polka, dot version, zero point, five point: zero and the goal of the Kusama network is to understand and test the technology under so called real economic conditions. Some of the main attractions and main characteristics of the polka dot blockchain include its interoperability, so polka dot allows blockchains to interact. Trustless implies that, through this network, all connected blockchains can transmit value, including messages of any kind of data, in a way that they can trust. Each other scalability is also another important characteristic, as is shared security, governance and development, some of the components of the polka dot blockchain according to medium opposed to, rather a blog that explained the polka dot ecosystem. Its network design hinges around the following crucial components. These include para chains relay chain solo chain with bridge validators, co, leaders, nominators and fishermen for more in depth take on what each one of those are, a more technical level check out the rest of the article here. In conclusion, though, recently coinbase custody announced support for polka dots staking in a joint venture with bison trails and last year, polka dot had partnered with blockchain calm.
This happened after it reported the sale of 500000 tokens to the web 3 foundation. Lots more information here about polka dot, guys if you choose to research it further. As always, this is not financial advice were neither encouraging you nor discouraging you to invest in polka dot. This is just the information as it exists, and you can do with it. What you will for more information, you can check out this piece: gavin woods, polka, dot, a blockchain innovation in motion. If you recognize that name, dr. Davin James wood, he is the co founder of bitcoins biggest rival, ie aetherium, so check out this piece as well. This is on the official web site, polka dot, dot network, slash, Gavin, Dashwood, also on all coin buzz dough we're. Looking today at file coin, test net face to focus on network security article here by David, so file point has rolled out its test net Phase, two with key improvements in just six months after phase one file coin has announced the launch of its test net phase. Two in an official blog announcement on the 14th of May, this is a giant stride for the decentralized storage solution provider following its phase one launch just six months ago: okay, so some of the improvements are now effective in the second phase of the file coin: test Net and it's pertinent to note that this is the last step before the main net launch and comprises several key components which include interoperable implementations.
That'S number one number: two: the use of winning POS T and window POS T trend and encryption economic structure. Security review is also an important characteristic that was included here so guys again as usual for more information on the technical specifications and what these all means as measures that are being implemented. Check out. This Bao point article in full by David, but let's move right along to kind of. I guess the main news of the day that we wanted to highlight Godfather official NF T's non functional tokens are currently out via Tara Virtua, which we discussed yesterday. For the first time this article by Ezekiel, so you can now acquire NF TS again non fungible tokens from the so called best American crime. Film of all time, I know that's a bit of a controversial statement and maybe we'll get some pushback on that, but I think it's safe to say that the Godfather yeah, pretty much is viewed to be the best American crime film. So Tara Virtua has launched a new set of non fungible tokens and this time they are from the Godfather from Paramount Pictures. Let'S take a short look at a video here to highlight what it is: they're offering Music. We did a little bit of initial coverage of Terra Virtua in yesterday's video in Tuesday's video, if you didn't catch it. I think this is a really interesting project, because of course, you know anybody can pretty much make their own NF TS, assuming they have the technical capabilities but what's interesting about Terra Virtua is they have licensing? They have the authority to create basically IPs and characters and borrow from some major major movies and production studios that would not otherwise legally be available.
So we highlighted yesterday how lost in space is going to be a feature. Another big feature and another big focus for them is gon na, be the godfather. As you can see here, the quote I'm gon na give you I'm gon na make him rather an offer. He can't refuse so this clearly a direct allusion to the film a direct reference to the Godfather movies, and you can see some of the other Terra Virtua NF T's. Here some of them know our silly. Some of them are a bit more serious, but this is for the collector in all of us and, as we discussed yesterday again, collecting is, is really taking on a new form right now, I think we're all driven to collect. We are attracted to scarcity on guilty of that. I mentioned it. I'Ve been a big comic book, collector, actually all my life, but as we move into the virtual space here, you know the the answer to how do we collect on a digital basis is really answered by blockchain. Blockchain. Very much lends itself to this medium, and now you know again with the introduction of more and more properties, more and more IPs and characters. I think it's gon na be interesting to see how the Godfather NF T's perform we're very excited about it over here. At all coin buzz and that we expect more and more offerings to be rolled out very soon. So speaking of Godfather NF T's people can collect and showcase the Godfather collectibles of the Terra virtual platform and it's great news not only for NF t, collectible enthusiasts, but also for movie aficionados.
Of course, Gary Bracy, the CEO of Terra Virtua, was quite quite rather enthusiastic about introducing the NF T's from the Godfather quote. Following our limited trial, release of selected licensed Godfather images back in December, we were surprised by the demand and how revered this movie is to so many people and as a result, we went back to Paramount who, in a little deeper into their archives and found a Number of amazing iconic Godfather images that had not been released publicly before, so we are delighted to be able to offer a series to from this classic movie, guys here's the website, terra virtue at io, where you can explore further. We also have a bit of a breakdown of their services and what they offer here on: altcoin buzz, ayo Tara, Virtua, the ARV, our blockchain collectible platform, article here by Ezekiel. So that website is where you can explore, augmented and virtual reality. As you experience the wonders of digital collectables so again, Tara Virtua is a digital collectible platform that allows users to experience their items in augmented reality and virtual reality. They boast collectibles from big names such as lost in space and the Godfather with believe me more to come and, more importantly, users can easily navigate and use the platform without any blockchain and knowledge. So courtesy of Ezekiel here is a rundown of what you can expect from Tara Virtua, starting right really from the sign up page. If you have any questions or difficulties whatsoever, he gives us some info on how to set up your profile, how the inventory system works.
How that Tarot wallet is unique and how it functions, along with other logistical elements like the marketplace, for example, and the auction house, the mobile app here, the fan cave and other coming soon. Additional details are listed here, so in closing, Ezekiel has the following that he shares as his thoughts Tara Virtua allows anyone to experience the wonders of digital collectibles without actually knowing how blockchain is being used. Sign up is smooth and quick, and the marketplace and platform are easy to understand and navigate around there isn't the pain of signing in with any crypto wallet or even meeting to worry about gas fees. This is one of the most user friendly and easy to use. Blockchain collectible marketplaces, I've used so far. We encourage you guys to check it out for yourself, including especially the fan cave feature where you can display and show off your collectibles easily. The big news is the partnership with paramount big immersive and many more studios and different partnerships. Things will only start to get more exciting as a result. Overall, a very pleasant experience using the platform, mobile, app fan, cave and Ezekiel cannot wait to see what updates are going to come out next guys again check out the website. It is Tara, Virtua, dot, IO. Let us know your thoughts about this in the comments below and what you would like to see.