PoS

In the past week, Algorand prices have been plummeting, leading to severe losses to Algo holders. Unfortunately, this episode is part of a series of price plummets that have struck them. In just the first three months of its inception, Algo price fell from $3.28 to $0.37 (at the time of writing), taking a hit of a 88% price reduction. [caption id="attachment_15626" align="aligncenter" width="1874"] Source: Coingecko[/caption] Why did Algo's price plummet? Many crypto enthusiasts made speculations on the reasons for…

MyCointainer is set to list TerraCredit’s native token, CREDIT, right before the swap to CREDIT 2.0 is completed.  Bitforex and Catex are the latest to list CREDIT, with the pair available for trading as CREDIT/USDT. At the time of writing, CREDIT has a trading volume of $40,970 and a market cap of $325,225 with a maximum supply of over 70 billion coins. TerraCredit has its main target on helping the world’s unbanked population by providing a payment solution besides cash.…

The cryptocurrency network requires a robust infrastructure built on blockchain technology to enable it to run smoothly. Furthermore, users in these networks are essential in providing resources to maintain them.  Two processes are essential in maintaining cryptocurrency systems: mining and staking. The mining process requires equipment and attention to monitor. Staking, on the other hand, provides users with a chance to earn coins without the need to mine or the need for high computational power. What is Crypto Staking? Staking involves…

When it comes to blockchain, Bitcoin and Ethereum are unbeatable. Bitcoin, the most popular and stable network, gave birth to a new decentralized digital currency form. Ethereum, on the other hand, brought smart contracts that are used to power tamper-proof financial contracts and decentralized applications (DApps). In essence, Ether - Ethereum's coin was meant to complement and not compete with Bitcoin - Bitcoin's coin and the first cryptocurrency. In other words, the two networks can be combined to come up…

Decentralized finance (DeFi) has enjoyed a strengthened narrative in 2020. This is such that some DeFi tokens like Aave (LEND) have incurred more than a 1,000 percent increase while the price of Ethereum increased by 90 percent since the beginning of this year. It appears that investors are developing more interest in this market sector. According to cryptocurrency derivatives analytics company Skew, Ethereum will enjoy this trend the most in the long-term. Skew noted that these DeFi tokens powered by Ether appear to…

ETH 2.0 staking node requires Ethereum wallets to have a minimum of 32 ETH and according to data provided by Arcane Research and Nansen AI, the number of Ethereum wallets with the minimum number of tokens have increased by 13 percent in 2020. The cryptocurrency space is awaiting the TBD launch of Ethereum 2.0, while ETH buyers are accumulating tokens in anticipation of the update apparently in an attempt to claim the supposed staking nodes that will be important to ETH’s upgrade. The analytics…

The rapid expansion of the crypto space has seen several innovative ways of generating substantial profits apart from just simply trading cryptos by buying low and selling high. One such innovative way of generating profits in the crypto space without trading is running Masternodes, which have increasingly become popular. Simply put, Masternodes are a series of servers that underpin a blockchain’s network. Masternodes maintain the blockchain by allocating the task of validating the blockchain to machines that are not previewed…

Pundi X (NPXS) was brought to light by a group of computer technologists and entrepreneurs during the early days of 2018 when the Initial Coin Offering (ICO) was in full swing. The crypto industry began with major coins like Bitcoin, Ethereum, etc. However, only crypto enthusiasts had access to it. Crypto noobs fell to several scam attempts as it was difficult to find their way of accessing cryptocurrencies. The Pundi X team took it upon themselves that if there is…

Major corporations globally use smart contracts running on the Ethereum blockchain. That implies that the second largest cryptocurrency is performing as intended. However, the blockchain is experiencing some challenges requiring urgent redress. The Ethereum blockchain is experiencing an imbalance regarding its decentralization, security, and scalability. Vitalik Buterin calls this  “trilemma of blockchain.” In this situation, the attains a maximum of two out of the three features. All blockchains struggle to achieve all of the three. Plans are afoot to update …