Tag: Blockchain

As of October 15th, 2021, we have 7.800 existing cryptocurrencies. And, while you're reading this, more of the surface on the blockchain. In addition, you can discover at least one new, promising project every 24 hours. And, today we look closer at one of these up-and-coming crypto initiatives, Waves. Read on to discover how this new crypto jumped straight to the 49th position in the market cap hierarchy. Then, find out how it works, if it’s worth the investment, and…

Blockchain is the digital environment supporting cryptocurrencies and decentralized app (DApps). You may know it as one of the greatest innovations of the 21st century. However, this remarkable invention has its shortcomings. For instance, it is difficult to scale and consumes too much energy, making it bad for the environment. Fortunately, some projects aim to solve these issues. One of them, Hedera, has come up with a potentially better alternative to blockchain: Hashgraph consensus. Consequently, Hedera used it to open…

The metaverse was once nothing more than a futuristic concept. However, it is now taking shape, and cryptocurrency and blockchain technologies have an integral role in its development. “The metaverse will be the gateway to most digital experiences, a key component of all physical ones, and the next great labor platform,” says Matthew Ball, a renowned venture capitalist. This statement defines the metaverse quite well in a nutshell. However, we still have a lot more to learn about the next…

Since the launch of blockchain technology in 2011, the financial world has welcomed many other related projects. One of the most innovative yet simple ones is the use of Non-Fungible Tokens (NFT). An NFT is a unit of data stored on a blockchain, and it assigns unique tags to digital assets which are not subject to any form of change. Even though NFTs sit on the same blockchain technology as cryptos, they are not currencies. Since their debut, NFTs have proven…

Blockchain technology is steadily becoming the future of a cashless society. As a result, more crypto projects have surfaced to solve the challenges within the traditional financial sector. One such project is UNUS SED LEO. UNUS SED LEO (LEO) is the utility cryptocurrency used in the iFinex ecosystem. The token’s name derives from a Latin quote in one of Aesop's fables. We won't bore you with the entire ancient tale here. However, its moral is that quality is above quantity.…

Since its inception, the decentralized sector has been booming. Fantom is a leading DeFi platform aiming to take this financial revolution to the next level. The project advances at a remarkable speed. For instance, several reputable exchanges have already listed Fantom's native FTM token. Also, some of the most popular DeFi protocols have hosted the coin in the past few months. In this short guide, we take a closer look at the Fantom project and how it works. Also, we…

The Reverse Bank of New Zealand (RBNZ) is seeking the public's input on the possible introduction of central bank digital currency (CBDC). They are looking to introduce the digital version of Kiwi. It is part of the bank's response to the digital advancements in payments and money. The Push for Digital Currency Adoption The Assistant Governor of RBNZ Christian Hawkesby said in a statement: ''A Central Bank Digital Currency would see the features and benefits of cash enjoyed in the digital world,…

SOL has been one of the standout performers in the crypto industry for the past few weeks. The coin gave many investors a haven, especially when the market started to go sideways. Most coin prices were taking a beating, but SOL stood firm. There is no doubt that the SOL resurgence has been impressive. The coin’s performance over the past few weeks has been incredibly inspiring. But, unfortunately, you often see a large-cap coin standing firm even when the entire market is…

A smart contract is a self-executing contract between two traders written directly into lines of code. It contains the terms of the agreement between the buyer and the seller. This code exists on a decentralized, immutable public ledger, enabling the secure exchange of value. Furthermore, that code controls the execution, and the transactions are irreversible, transparent, and trackable. Smart contracts permit the transaction of valuable digital or physical assets between anonymous parties without the need of a mediator, legal system, or central…