Blockchain

David Gerard, the author of Attack of the 50 Foot Blockchain, believes the crypto market will continue crashing. In an interview with 60 Minutes, Gerard said the crypto market crypto was not a surprise. He asserted that people cannot get rich for free. Perplexed, Gerard said he thought people would have understood this notion by now. However, he said people always keep hopes of getting an easy way out and end up getting hurt. Gerard, a renowned crypto critic, acknowledged…

Africa could become a powerhouse in the blockchain space in the near future, according to research.   Swiss investment company Crypto Valley Venture Capital has highlighted the rise in the volume of funding that has entered Africa’s blockchain space in recent times. In a recent release, the firm noted a substantial increase in this year’s Q1 funding compared to 2021’s. Venture Funding Grows 11 Times in Q1 2022 The Swiss company CV VC recently released its publication, The African Blockchain…

Chainalysis, one of the top crypto and blockchain intelligence firms, has raised $170 million in a Series F funding round. A report unveiled this news earlier today, citing a person familiar with the matter. This funding round doubled Chainalysis' valuation to $8.6 billion. According to the report, GIC, a Singapore-based sovereign wealth fund, led this funding round. The source did not mention other investors in the new funding round. However, it is worth noting that GIC has previously invested in…

US blockchain firm Algorand has joined hands with FIFA, signing a sponsorship and technical partnership deal. FIFA announced this news yesterday, noting this partnership will see Algorand become its official blockchain network. Additionally, Algorand will provide FIFA with a blockchain-powered wallet solution. According to the announcement, this collaboration will also see Algorand support the FIFA World Cup Qatar 2022. Specifically, the firm will be the World Cup’s regional supporter in North America and Europe. Moreover, the blockchain will become an…

A government led by Pierre Poilievre would do more to make cryptocurrencies like Bitcoin more mainstream in Canada. The candidate promised he would "decentralize" the economy and lessen the power of central bankers. Canada launched a crypto-backed ETF in the past, and the crypto community in the country is very active. Many libertarian investors often say that cryptocurrency is an excellent way to get rid of government control over money. Bitcoin supporters say that it represents a valid strategy to…

In decentralization, security, and scalability, the Blockchain Trilemma refers to the generally held notion that decentralized networks can only deliver two benefits at any given moment. This article looks more closely into the matter, assessing all the most relevant aspects of the blockchain scalability trilemma. The Trilemma Vitalik Buterin invented the term "blockchain trilemma," which refers to a problem that blockchain engineers face while balancing three competing demands: decentralization, security, and scalability. According to a common conception, decentralization, security, and…

On Wednesday, Washington state Governor Jay Inslee signed off on a new crypto-positive law.  The law details plans to see blockchain technology further incorporated into the state’s financial sector. Open to New Developments The bill first appeared before the senate in 2019 when Republican Senator Sharon Brown submitted the original proposal. Supported by the WTIA, the proposal was crafted to help establish Washington as a significant leader in blockchain tech. In  the past years, WTIA and Senator Sharon remain the…

As the world learns more and more about cryptocurrencies, many non-technical investors frequently discover new notions. Today, we will spend some time on the concept of “nonce,” a famous idea among IT experts. Our article simplifies the notion for non-technical readers, focusing on the importance of the nonce mechanism in cryptocurrencies. A Concept Born Before Cryptocurrencies A nonce is a random or semi-random number that cryptographers have known and used for decades. The term “nonce” means "number used once," a…

When industry players use the term "smart contracts," they may mean different things. Words matter, as any contract lawyer will be able to explain. So is the word “contract” a technical overstatement, or does it trigger actual legal bindings? The industry needs to agree on the consistency of its terminology. For example, what exactly is a smart contract? Does it have any legal implications? When attorneys and technologists use this terminology, do they understand each other? Our article will provide…