Bit by bit, crypto is edging its way into society. Although the crypto space is ultimately expected to thrive in the future, there are more crypto implementations making their way into our day-to-day world. Here are the 4 most popular crypto utilities of today. #1 – Online Purchases Payments online is where crypto is most […]
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Solana is often branded as a competitor and alternative blockchain to Ethereum. The project was founded in 2017 by The Solana Foundation based out of Switzerland. Solana is a Layer 1 blockchain hosting around 350-360 applications & tools. Solana aims to solve the issue of scalability. For context, blockchains have three qualities: Decentralization, security, and
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Scaling is one the biggest unresolved issues in crypto, especially on the Ethereum Network. Arbitrum is a recent attempt on Ethereum to combat the current fees, and it’s been quite successful. To put numbers in perspective, Arbitrum is the 7th Largest blockchain globally ranked by total locked value. Despite 2022 being one of the harshest years
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“Decentralized Autonomous Organization“ This is what DAO stands for. To sum up what a DAO is in one sentence, I’d describe it as “A self-governing community utilizing smart-contract and blockchain automation to remove any centralized control.“ To grasp a full understanding of the workings behind these decentralized organizations, let’s dissect the foundations of a DAO.
Just a month ago, FTX was the most reputable centralized exchange aside from Binance, raising $420 million at a $25 billion valuation in their last funding round. Now? The exchange sits insolvent with the founder Sam Bankman-Fried losing almost all of his $26 billion net worth. What happened to bring this about? Let’s dive in…
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Privacy is a core value in the blockchain space. Monero – a privacy-centric cryptocurrency – was the first of its kind. It was born from the blockchain project “CryptoNote”, where the dispute ensued between the founder and several core community members over future privacy plans. CryptoNote was forked, and a majority of users migrated along
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Cryptocurrencies have evolved since their conception. With over 11,000 active cryptocurrencies today, the market is becoming extremely competitive. That leads us to two questions: What was the first generation of cryptocurrencies? …and how have they evolved to meet the standards of today’s market? First generation cryptocurrencies Headed by Bitcoin, the first gen cryptocurrencies were like
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Traded under the ticker USDT, Tether has become the primary source for trading into and out of exchanges / wallets. Tether was launched in 2014, and has since become the unquestionably leading stablecoin since 2017. Tether currently has a market cap more than $19 billion higher than its closest stablecoin competitor (USD Coin – USDC),
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The Ethereum merge was SUCCESSFULLY completed over the last week. The monumental event stirred a frenzy across the crypto space in anticipation, and today we’ll cover what exactly has changed to benefit the Ethereum network. Core Merge Changes So Far The change from Proof-of-Work to Proof-of-Stake is the most significant change with the Ethereum merge. Now the Eth network
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Legislation has affected crypto more significantly than any other single reason over the past two years. Just recently, the senate passed the inflation reduction act which is likely to also affect crypto. Let’s break down what is happening in due course of the act. Highlight of the Inflation Reduction Act regarding crypto The IRS will
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