Blockchain

Before evaluating an ICO for a crypto project, all traders must consider many aspects. Today we will discuss two of the most noteworthy: hard and soft market capitalization. A hard cap is the maximum amount of money a company hopes to raise in an ICO. On the other hand, a soft cap is the least amount of funds creators need to launch their project. Our analysis will go beyond the mere definition and provide food for thought. The Concept of…

The Metaverse concept is much older than Mark Zuckerberg made it sound in 2021. However, it has always lacked the technological backing to gain mainstream adoption. This also prevented it from gaining enough community support. Now, all of that is about to change thanks to MetaBody’s high-quality avatars and realistic features. The MetaBody and the 3D Avatar Revolution In 2022, the advance of blockchain-based applications and NFTs are ushering a new digital age. One of its creations, the Metaverse, is…

Scalability has become more pressing as the crypto sector experiences increased customer demand. As a result, many of us have come across terms like “layer one” and “layer two” protocols in the blockchain world. Blockchains must be very secure due to the need for a centralized authority. They must also be incredibly scalable to cope with growing users and transactions. Today we will learn more about layer three solutions, a technology aiming to provide scalability while maintaining top-notch security. A…

The distributed ledger system supporting blockchain technology has recently caught Wall Street's interest. The potential for disruption in the financial industry and beyond is becoming more evident daily. As a result, blockchain has high potential, from cross-border payments to settlements and clearing over-the-counter derivatives. As many know, one of the leading players in this industry is Ethereum. The goal of Ethereum is to establish a new protocol for building decentralized apps (or Dapps). These apps offer various features that are…

Simplicity leads to security, and a more decentralized blockchain. If Bitcoin were more expressive, it wouldn’t be effective as a global, neutral monetary network.   There are now over 17,000 cryptos listed on CoinMarketCap. As always, nearly all of these coins, tokens, and blockchains advertize themselves in comparison to the very first. Faster than Bitcoin. Flashier than Bitcoin. Better returns than Bitcoin. Environmentally-friendlier than Bitcoin. We know the script. Yet everything comes at a cost. Where other blockchains purport to…

The clever use of smart contracts has contributed significantly to the exploding popularity of blockchain technology. Computer scientist Nick Szabo proposed a smart contract as a collection of instructions executing automatically. This technology aims to make contract execution as automated as possible. Many know how basic smart contracts work, but finding a guide on their advanced versions is rare. After a basic overview, we will analyze two typical cases of advanced smart contracts. For simplicity, the article will not deal…

Following 4 trademark filings pertaining to NFTs and the metaverse, beverage maker Monster Energy is yet another brand touted to venture into the virtual space. Digital Goods are Prioritized Recently, more companies have begun to leverage the popularity of NFTs. Since last year there has been a marked transition to tokenized product offerings and metaverse-focused services. The goal is to drive up visibility and improve customer interaction. Monster energy’s speculated foray into the NFT and metaverse space could be another…

The China Banking and Insurance Regulatory Commission has cautioned against using the metaverse to raise funds illegally. A report unveiled this news earlier today, citing a statement on the regulator’s website. The watchdog pointed out that some firms are engaging in illegal fundraising, fraud, and virtual real estate speculation. Urging citizens to be vigilant, the agency said, Beware of being duped, and if you find clues of suspected illegal crimes, please actively report this to the relevant local departments. This…

One of the critical difficulties confronting the blockchain community is the matter of scalability. While the technology has proven its high potential over the years, several aspects limit its applicability to a large scale. Since humankind developed the first technological inventions, the scalability problem has been on our minds. We'll expand on that in this post, looking at the case of Layer 2 blockchains. Layer 2 (L2) blockchain definition The "Layer 2 blockchain technology" concept is gaining traction on the…