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Cardano is one of the largest cryptocurrencies by market cap and one of the unique blockchain technologies. In addition, Cardano has a native coin named Ada, which is performing decently in the crypto markets.  However, Cardano as a network adopted a sidechain system, where the network runs two blockchains. The original blockchain, the Cardano settlement layer (CSL), deals specifically with powering the Ada currency and other settlements done with Ada. It leverages POS to release new Ada into circulation. It's designed…

Charles Hoskinson founded Cardano as a blockchain platform seeking a decentralized application (DApp) development platform. The Cardano platform runs on the Ouroboros consensus protocol. In addition, it leverages the Delegated Proof-of-Stake (DPoS) consensus mechanism meaning that users can delegate their ADA to other pools to be staked and earn rewards.  The two primary ways ADA coin holders can invest and earn rewards on the Cardano blockchain include; running their stake and delegating their ADA to a staking pool. The Ouroboros…

Ironically, decentralization, one of crypto assets' vital features, is a potential Achilles heel too. Eliminating third parties from transactions enables peer-to-peer exchanges. However, the absence of a third party also creates loopholes for double-spending by mischievous parties. It's for this reason that networks agree on specific consensus mechanisms. They are the rules and procedures that all devices in a network follow to confirm that certain blockchain transactions are correct. They also help in protecting the network against malicious activities, thereby…

Decentralized Finance (DeFi) has been making headlines for the past year and has massively gained users and market capitalization. DeFi refers to financial services utilizing smart contracts. These contacts are automatically enforceable agreements that do not require an intermediary such as a bank but rely on blockchain technology.  Between December 2019 and now, the DeFi industry has grown from $700 million to $74.96 billion. It represents about 5.3% of the total crypto market space. This article will then focus on…

Humanity hangs in the balance as the deadly Coronavirus affects various sectors, including healthcare, manufacturing, finance, and many more. Since the beginning of the outbreak, governments and citizens have had to adopt a new lifestyle that involves quarantine and social distancing practices.  To offset the current pandemic, global stakeholders at the World Economic Forum came up with a radical solution known as the Great Reset, which aims to change the global economy. The meeting, which took place in June 2020,…

For several years now, market patterns have been used by expert crypto investors to maximize incomes. They do this by knowing the right time to enter the market. Crypto investors have also been beneficiaries of market chart patterns, with some identifying a position of great prospect and investing.  Being the most popular asset with the highest volatility rate, Bitcoin has shown many different market patterns that can help investors maximize incomes. So what are the most common patterns in the…

The cryptocurrency revolution is moving full-steam ahead with increasingly global acceptance. For instance, India has seen its residents invest over $191.7 tonnes of gold in Q3 2022. That's $11.8B worth of gold! That figure is even more impressive when it grew from nearly $923 million in April 2020. Today, trading in digital assets is no longer available only to a handful of geeky investors worldwide. Instead, many see the rise of DeFi and the increasing popularity of cryptocurrencies as a…

There's no doubt that bitcoin is the most valuable crypto asset of our day. According to coinmarketcap, the price of Bitcoin was around $21k, with a market cap was almost $402 billion, more than twice the value of the second-largest crypto asset, Ethereum. Bitcoin's market capitalization is larger than the value of the first ten altcoins combined.  Expert analysts have predicted that the price of bitcoin in the future could increase to about $250k. Looking at the past market charts…

Money oversees most activities individuals intend to fulfill in their daily lives. A government can regulate fiat currencies by taking coins or paper money as legal payment tools. Cryptocurrencies began to feature in the market more than a decade ago to replace the traditional financial system with an advanced mode of transacting. Despite uplifting most users' lives and living standards, digital and fiat currencies portray specific impacts in the global environment. Generally, the environmental conservation topic surrounds common natural causes.…