Blockchain

NEO is a unique blockchain platform that combines digital and traditional assets to create a "smarter economy." The project originates from China and has the Government's full backing. This unusual partnership has given it the label of "Chinese Ethereum.” While it's still far from Buterin's groundbreaking blockchain, NEO's exciting features set it apart in the Cryptosphere. For instance, it uses two different tokens. It uses one (NEO) for payments and the other (GAS) for transaction fees. Furthermore, NEO seeks to…

Accounting firm Ernst & Young (EY) just announced that it would be using the Polygon protocol to implement its blockchain solutions on the Ethereum ecosystem. The firm said the new development would enable a future transition to less risky and more efficient public networks.  According to a recent press release, EY will adopt Polygon’s chain scaling solutions to uplift transaction volumes. This union will allow more predictable costs and settlements for business customers. The firm also disclosed it is engaging with Polygon blockchain scaling…

Open Sea is one of the most reputable NFT marketplaces in existence. The network enables users to buy, sell, and explore collectibles, game items, Art NFTs, and various other digital goods. Notably, Open Sea was the first NFT marketplace to enter the market. This pioneering spirit enabled the platform to establish and maintain a dominant position in the market.   Today, Open Sea still operates as the largest NFT marketplace in terms of the daily trading volume. The network has +4 million…

Solidproof will launch Audit Tool, a pivotal service for blockchain projects. Through it, the German-based audit plans to improve the security of DeFi protocols, which often fall victim to hackers. Just recently, a white hat hacker deprived the Poly Network of $600 million worth of digital assets. To the hacker's defense, he later returned the money. However, the event exposed the vulnerabilities of crypto projects that usually launch with faulty or unaudited smart contracts. Solidproof plans to help developers and…

The total market cap of cryptocurrencies has enjoyed impressive growth since their inception. It hit the $3T figure in 2021 and stands at almost $1T at the time of writing.  While all these huge figures are truly impressive, things have been different. The increased market capitalization has resulted more from increased price values than in crypto supply. This begs the question, is there a way of determining a crypto's initial value? Read on to find out. Understanding Value Determination Save…

aelf blockchain is, by all means, one of the most interesting blockchain projects right now. It is a decentralized cloud computing platform that enables businesses to build their DApps on proprietary side chains. Besides being bulletproof safe, it is self-evolving, scalable, and lightning-fast. Above all, it incentivizes users to participate in a unique and rewarding form of governance. In this guide to aelf, we take a closer look at what may be the next breakthrough in blockchain technology. Read on…

The crypto world is growing at an interesting rate, with new projects coming up every other month as solutions to the financial world. For that, people around the world hold annual events to celebrate crypto progress while at the same time discussing the future. Top industry experts and project developers often organize these events inviting reputable people in the fintech industry to offer ideas and opinions on several topics about cryptocurrencies. Some events occur annually, while others are one-time, maybe…

The world is replete with cases of governments frustrating crypto usage or adoption. Could you ask anyone about the most crypto-suppressive nations? The chances are that they'll mention China besides other planned economies. Moreover, the crypto stances of many western governments have yet to be encouraging. Countries like America haven't cracked down on digital assets. On the contrary, they've shown open skepticism for them. However, though they've shown support, it has always been half-hearted. It's driven more by their reluctant…

Chinese technology company Alibaba plans to introduce a Non Fungible Token section, powered by the "Guangjian" NFT digital collection, into its innovative Auction service. The news comes as stories of Alibaba's collaboration with rivals Tencent continue to stir up. Alibaba's plot to dive into the NFT market echoes its plight to tap into blockchain technology. Guang Jin is an NFT platform that Bit Universe recently launched on August 15. Surprisingly, Guang Jian almost immediately gained the interest of Alibaba. According…