Proof of Elapsed Time – PoET – a concept birthed by Intel Corp. in 2016, this blockchain function is regularly overlooked. Here’s what it is… • PoET is a blockchain consensus mechanism. • Its main function is to dramatically decrease energy through high resource utilization. • An algorithm decides the mining rights and block winners on a […]
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It may surprise you that no blockchains are profitable in the current climate. Primarily, blockchains make most of their money from transaction fees. The leading blockchain by transaction fees is the Ethereum blockchain, earning just shy of $13 million in daily transaction volume. Here’s the catch: the cost of running Ethereum is over $36 million
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The SEC has just recently approved the BSTX as the newest national securities exchange. The joint venture between tZERO Group, Inc., and BOX Digital Markets LLC, is to be the first-ever SEC Regulated, fully automated securities exchange that leverages blockchain technologies. But What even is the benefit of this new exchange? Here is the breakdown of this new exchange,
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Layer 1 platforms such as Ethereum have struggled with scalability for some time. Their inability to solve the issues of ludicrous gas fees, poor network connectivity and slow transaction speed due to a high influx of traffic has hindered everyday people from using these layer 1 platforms. There had been other proposed solutions but these
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Amidst the NFT Bubble of 2021 up until now, an underlying issue has remained steady: gas fees. Immutable X – a layer 2 protocol built for gaming and NFTs – has raised the standards. This project was actually a fusion between two companies and their teams at Starkware (a scaling solution) and Immutable (a game
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Cloud computing is the complex IT infrastructure behind any large business. It’s the operation that allows scalability, as well as flexibility. Leading cloud computing services of the likes of Google Cloud or Amazon AWS dominate the market as of right now, but Phala Network is here to rival them and create waves in the Blockchain
Phala Network: a new reign in cloud computing on the horizon? Read More »
Created in late 2020, API3 serves as a crossroad between traditional API’s and blockchain-based decentralized applications (dApps). But to start, what is an API? API’s API = Application Programming Interface, which is a set of definitions and protocols for building and integrating application software. API’s are vital in all business industries. Essentially, an API’s core
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Blockchain domains are a groundbreaking technology for the crypto industry, but few have any idea how a domain works or why it’s relevant. In the world of the internet, domains became popular because they make it easy for people to access websites. Every website has its own IP address which is how computers connect to
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