Guides

Sidechains have been around since 2014. They are branches of the leading blockchains and aim to strengthen the networks' effectiveness and features. Despite this, sidechains have a couple of shortcomings that make the system far from perfect.  Developers in the crypto space proposed the introduction of syncchains as a mitigation solution. However, the two seem to be quite confusing, and not many can tell them apart. Therefore, this article will shed more light on both networks for a better know-how. …

The invention of blockchain technology has led to smart contracts, which are machine-encoded self-executing contracts. The terms of the contract between the participating parties are written into code. And with the rapid growth of smart contracts, various smart contract languages have been launched in the crypto space. Digital Asset Modelling Language (DAML) is a smart contract language developed by Digital Asset Holdings (DA). It was explicitly designed for distributed ledgers to enable safe, real-time, definite, and high-level specific business environments. …

So far, Bitcoin is the top contender in the cryptocurrency market, with a net worth of approximately 350 billion USD. It has a robust network strengthened by its decentralized nature. Using a peer-to-peer network under cryptographic protocols enables the undertaking of transactions globally.  However, this crypto giant network has a few limitations that sidechains help solve. Some of these limitations are slow transactions per second, higher transaction costs, scalability issues, and slow network evolution compared to traditional transactions with fiat currency. Thanks…

One of the best outcomes of blockchain is smart contracts, a computer protocol that facilitates, verifies, and sometimes implements a contract or negotiation. Smart contracts' exciting uses are record keeping in healthcare, real estate, property ownership, insurance, and voting systems.  Despite the preference for smart contracts, one cannot claim that it is a fully secure system. Any unexpected and unwanted elements in a smart contract can have enormous consequences. For example, a bug in a smart contract may trigger it…

In 2022 hackers raked in more than $4BN in cryptocurrency through multiple scamming techniques. Millions of others are lost every year from hacking attacks. Cryptocurrency is often seen as the most secure mode of payment. However, data breaches and malware attacks were recently observed in Bitcoin and Ethereum blockchains and were noted to be caused by insecure systems. Although system loopholes are sometimes to be blamed, crypto wallet users share a significant part of the blame, especially when using rooted devices.…

Cryptocurrencies have become increasingly lucrative, especially as investments. Individuals and companies turn to crypto and blockchain for various reasons, but taking care of digital coins and tokens is becoming increasingly difficult.  Mobile wallets have increased in demand recently, especially for people hoping to trade on the go. These wallets allow cryptocurrency owners to check in on their coins and tokens from time to time and trade from anywhere.  Some of the best crypto wallets for both Android and iOS devices…

Crypto futures are derivative products in the form of a contract. Two parties commit to either sell or buy a cryptocurrency on a specific date in the future at a predetermined price. In essence, Crypto futures allow traders to speculate on the future magnitude and cost of an Asset. The trading volume of crypto futures has grown rapidly since the Chicago Board Options Exchange launched the first Bitcoin futures contract in 2017 (Cboe). So let's look at the best exchanges for…

The Commodity Futures Trading Commission (CFTC) is a US-based agency established by the Commodity Futures Trading Commission Act of 1974 to regulate the commodity futures and derivatives markets, including option markets, futures, and Swaps.  The commission's primary goal is to promote futures markets' competitiveness and efficiency while protecting traders against unscrupulous activities, fraud, and abusive trade practices.  CFTC has five committees; Agriculture, Global markets, Technology, Energy & environmental markets, and Coordination between the CFTC and SEC, each headed by a…

Cryptocurrency and gambling are a match made in heaven. Crypto gambling is gaining traction, and that's all because of the distributed, digital nature of cryptocurrency. In addition, technology is solving the many challenges that have engulfed the gambling industry for many years.  After prolonged coding hours, crypto developers have rewarded gamblers with unique platforms to participate in crypto betting, poker, and online tournaments.  The following is a list of the best platforms in the crypto gambling industry to achieve your…