Blockchain

Trying to raise enough capital for a venture in the past was not very easy. The options were limited. Today, Blockchain technology's innovative power makes a more extensive range of public funding options possible. The fundraising landscape expanded by removing the place of a physical mediator in transactions and including transparency and as such, tokenized forms of funding, such as Initial Coin Offerings (ICOs), became a game-changing facet of business funding, especially in the crypto landscape. However, other fundraising methods…

Imagine a day when your car, which sits idle 10 hours a day, puts itself up for rent. Imagine your computer, with idle GPU, utilizing it to render applications for others. Imagine your solar grid, which produced extra energy this month, automatically selling it to the highest bidder. All of this sounds too lucrative and Utopian. Well, yes. But that doesn't mean it can't be a reality. On the contrary, the era has already started when your applications will talk…

Since the dawn of the Internet, value transmission has always been a problem. The open nature of the Internet allows anyone to copy and propagate information without repercussions. Because of the infrastructure that involves the transfer of packets in a predefined protocol, it is easier to copy stuff on the Internet than to gulp down water. There arose a need for a protocol that could propagate with the same speed but does allow replication. A protocol for transferring value was…

Blockchain is primarily a distributed ledger designed to foster transparency and immutability of information and, most commonly, transactions. The idea of blockchain was initially instituted in 2009, with the most successful crypto asset, bitcoin. Since then, there have been many other crypto introductions, including the launch of the second-best-performing blockchain, Ethereum.  Ethereum introduced the concept of smart contracts, which paved the way for the speedy introduction of crypto tokens. Tokens are primarily a digital representation of another asset, real-world or…

Today, blockchains serve as the primary drivers of all crypto transaction operations in a digital asset. Its foundation is based on different aspects, such as privacy and transparency. Within the blockchain network reside nodes that act as the actual transaction validators. The presence of nodes explains the decentralized nature of cryptocurrencies since no single entity owns the system.  Therefore, node operators oversee every transactional process as they own a copy of the distributed ledger. However, the operators work with different…

Anyone in the financial technology space must have heard about blockchain technology. However, not many people know how it works and the technology behind it. Blockchain technology is an invention of an anonymous individual or a group of people under the pseudonym Satoshi Nakamoto which powered the first cryptocurrency, Bitcoin, released in 2008. Technology has been in play ever since. Since blockchain technology release, the IT industry has massively evolved. However, several people are still skeptical due to a lack…

If you're new in the crypto space, the concept of Ethereum and ERC20 tokens can be pretty mind-boggling. Despite being a blockchain such as Bitcoin, Ethereum has numerous capabilities, such as supporting the creation of other tokens and enabling decentralized applications (dApps) to be run on it. In addition, Ethereum provides the necessary infrastructure to create tokens, meaning developers don't have to build an entirely new blockchain.  In creating tokens on the Ethereum blockchain, developers may comply with the ERC-20…

In 2009, Satoshi Nakamoto released the first digital coin, dubbed Bitcoin, introducing a concept dubbed proof of work, which would be used to mine the coins. Over ten years later, the currency has supernormal value, but the mining process has proven to be a massive risk for the miners. The proof of work systems uses high electricity. Recently, there was introducing a new concept, proof of stake, aiming to solve problems clouding mining.  The proof of stake concept is an…

Are you a rookie crypto investor? Are you wondering how you can make passive income in the crypto world? There are many ways of earning rewards and interests and maximizing your income in the crypto world, including lending, mining, staking, etc.  Crypto mining, introduced in 2009, was the first way of earning crypto rewards. Mining participants are supposed to solve complex computations to get a chance to validate transactions and release new blocks. However, mining has proven flawed over the…