Blockchain

A growing interest in cryptocurrencies and blockchains is steadily rising as individuals shift from the traditional financial system to the digital currency world. Blockchains, in particular, present impressive solutions focused on recording, maintaining, and securing data on a public ledger.  Despite introducing a practical data management feature, blockchain technology is still under heavy examination across the financial industry and beyond. Thus, it makes various regulators hesitant with the blockchain's applications and capabilities as they are delegated to assure the banking…

In the blockchain world, crypto-assets can be classified as either native coins or crypto tokens. Native coins are the more famous assets such as; Ethereum and Bitcoin. They act as a medium of trade both to provide a payment infrastructure or as an alternate currency. On the other hand, crypto tokens have wide use cases, usually based on the ecosystem they're based on and the issuing body. Use case models for crypto tokens are far from being entirely mapped out,…

We've all heard a lot about cryptocurrencies and blockchain. People talk so much about the good, and the hype could easily blind us from industry setbacks. Not like the drawbacks come anywhere close to what blockchain and cryptocurrencies provide. More people are adopting digital currency, and institutions are accepting them as payment.  Tesla CEO's acceptance of Bitcoin was part of what threw Bitcoin to an all-time high earlier in 2021. However, for anyone getting started in the crypto world, it's…

For a long time, precious metals have been a haven for many investors. Gold, for instance, presents an anti-inflationary store of wealth and investment option since it's deemed to be always appreciating. Well, that's inarguably true, but the real problem is the accessibility and handling of the precious metal. Its high value raises significant security concerns, plus intermediaries in conventional markets always skyrocket the cost an investor has to pay for a gold bar. Luckily, blockchain technology is carving a…

Termed an Ethereum killer, Cardano is a proof-of-stake (PoS) blockchain platform that integrates pioneering technologies to offer uncompromised security and sustainability to decentralized applications, systems, and communities.  Cardano claims that it's the only blockchain project to be founded on the grounds of scientific peer-reviewed research and developed via evidence-based methods. Furthermore, the Cardano network is powered by ADA cryptocurrency, dubbed the only crypto employing a scientific philosophy and research-driven approach.  Cardano's founder Charles Hoskinson claims that cryptocurrencies, including Cardano, are…

As per reports by Spanish newspaper El Pais, John McAfee, a pioneering cybersecurity expert and crypto booster, was found dead in his Barcelona jail cell on Wednesday. Preliminary reports from the Spanish justice department point to suicide. The renowned developer and programmer were awaiting extradition to the U.S. on tax evasion charges before his passing. He also faced fraud allegations related to pump and dump schemes involving digital assets. In addition, the U.S. SEC accused him of hiding crypto revenue…

Smart contracts were introduced in 2015 with the introduction of the Ethereum network. Their role was to digitize and tokenize financial and non-financial services like payments, trading, etc. Signing contracts is highly simplified through smart contracts, only following the blockchain.  Primarily, smart contracts are not bound by a particular jurisdiction; therefore, they can operate on a global level.    However, one problem with making smart contracts is that they cannot access off-chain data. Instead, hybrid contracts can work with data already…

A cryptocurrency is a digital currency stored in a public ledger known as a blockchain. The public ledger stays distributed among nodes that make it difficult to alter. As a result, the digital asset can get transferred securely and trustfully. The distributed ledger technology is decentralized.  Users can transact peer to peer without having to go through tedious bank processes. Well, that can make an excellent payment method for merchants, right? So it's no surprise that crypto payment systems are…

Blockchain Capital, the pioneer of distributed ledger technology, managed to raise $300 million during its fifth fund venture, which ended on 21st June 2021. Blockchain Capital's venture fund includes two major companies- PayPal and Visa, who pose as limited partners looking forward to working with the blockchain entity.  PayPal's General Manager of blockchains and crypto mentions that the company aims at making cryptocurrencies more accessible and secure to its customers. Therefore, onboarding the new fund by Blockchain Capital will allow…