Blockchain is a category of the site dedicated to the innovative technology of distributed ledgers. Here you will find information about the principles of blockchain, its application in various industries, and how this system ensures data security and transparency. Blockchain combines digital transactions into a chain of blocks that is distributed among many computers, making it virtually unhackable and resistant to changes.
Blockchain is revolutionizing the way we manage data, conduct transactions, and ensure transparency in various sectors. With its decentralized, secure, and immutable nature, it’s a concept every modern professional should understand. This article aims to help you Understand Blockchain technology in just 10 minutes. Let’s break it down into simple, digestible steps. What is Blockchain?…
Blockchain technology is revolutionizing industries, with insurance among the most promising sectors for its adoption. Known for its transparency, automation, and security, blockchain offers solutions to many challenges faced by the insurance industry, including fraud, inefficiency, and trust deficits. But how is blockchain used in insurance to overcome these issues? This article provides an in-depth…
As the digital financial landscape continues to evolve, one of the most intriguing developments is the advent of stablecoins. In the world of cryptocurrencies, which is often characterized by significant price volatility, stablecoins offer a beacon of stability. Understanding World of Stablecoins, while simple at core, opens a gateway to a remarkable blend of traditional…
The explosive growth of cryptocurrency has brought an unfortunate rise in scams. Scammers continually invent new tricks and catchy phrases to manipulate victims, often taking advantage of limited knowledge, the allure of quick wealth, or the confusion around complex cryptocurrency systems. In this article, we’ll explore the words and phrases commonly used by crypto scammers,…
Blockchain technology has become a transformative force, driving innovation in finance, data security, and digital transactions worldwide. But understanding blockchain, especially from the ground up, can feel daunting. Here’s a straightforward guide aimed at demystifying the topic, presenting a blockchain definition simple enough for beginners yet robust enough to appreciate its potential. What is Blockchain?…
The insurance industry, often steeped in traditional practices, is rapidly being redefined by digital advancements. Blockchain, once solely associated with cryptocurrency, is now emerging as a transformative force across many sectors, insurance included. This technology offers solutions that are addressing key challenges, from fraud reduction and operational efficiency to customer experience improvements and enhanced transparency….
Blockchain technology has found numerous applications across industries, from finance to healthcare, and more recently, it has been explored in gaming. A particularly unique and futuristic idea is the integration of blockchain technology in the design and construction of virtual architectural elements like stairs and railings in games such as Grand Theft Auto (GTA). While…
Another scandal surrounding Monero’s security. Will attackers be able to undermine the privacy of the blockchain? An expert from Chainalysis believes this is not possible. Why a user was nevertheless tracked down and the scene is in turmoil. Monero scandal: Are attackers undermining privacy? Another scandal has broken out involving Monero (XMR). A user discovered…
In the digital world where technological strides are leapfrogging conventional mechanisms, Ethereum (ETH), a decentralized, open-source blockchain with its smart contract functionality, is carving a unique space for itself. Launched by Vitalik Buterin, Ethereum has transformed the way transactions and operations function in various sectors, stretching from finance to gaming. This revolutionary technology, boasting of…
In the revolutionary landscape of digital technology, there stands a promising corner-stone – Smart Contracts. These digital protocols signify a seismic shift, enabling secure online transactions without the need for intermediaries, thus fundamentally transforming how businesses are conducted. In everyday terms, Smart Contracts are automated, self-executing contracts with the terms directly written into program code….
The disruptive technology of Blockchains, renowned for its decentralization, transparency, and immutability, has been a game-changer across various sectors, heralding a new era of digital transactions. Being pivotal to the operation of cryptocurrencies, decentralized apps, and smart contracts, it’s crucial to demystify its intrinsic structure, notably the Layer One and Layer Two blockchains. Understanding these…
In the vast and thrilling landscape of the cryptocurrency world, the Ethereum Virtual Machine (EVM) occupies a pivotal position. Engendering its significance is its distinctive functionality that enables the seamless interpretation and execution of Ethereum smart contracts. With an intention to decode this fundamental part of the Ethereum ecosystem, this discourse elucidates the basics of…
As we navigate the dynamic and evolving world of digital assets, Ethereum 2.0 emerges as a significant milestone in the blockchain industry. Stepping away from its initial version, Ethereum 1.0, the launch of Ethereum 2.0 acknowledges the scalability issues and prudently addresses them with innovative solutions – the shift to a Proof-of-Stake consensus mechanism and…
In a world increasingly dependent on digital advancements, Bitcoin has emerged as a groundbreaking development, pioneering the new era of digital currency. Established by an entity known as Satoshi Nakamoto in 2008, Bitcoin has grown from an obscure form of digital payment to a broad concept that has introduced and combined several innovative financial and…
As we are standing on the brink of the fourth industrial revolution, understanding the nuances and possibilities of emerging technologies is utmost important. A technology that has been making waves in multiple domains is Blockchain. Starting out as an obscure concept popular mostly within small web forums, blockchain technology has catapulted into the limelight with…
In a rapidly digitizing world, financial technologies are undergoing unprecedented innovation, with one of the most prominent gaining increasing attention: Ripple and its associated cryptocurrency, XRP. Launched in 2012, Ripple Labs Inc. has emerged as a driving force in the realm of digital finance, providing ground-breaking solutions for the complexities of international money transfers through…
In the dynamic world of digital currencies, understanding the concept and functionalities of crypto wallets is significant. As cryptocurrencies continue to gain momentum around the globe, it is crucial to grasp their underlying premise and how they are stored and transacted. This knowledge is not limited to tech enthusiasts but also paramount for the general…
In an era characterized by rapid digital innovation, the fusion of technology, art, finance, and ownership has given rise to phenomena like cryptocurrencies and Non-Fungible Tokens (NFTs). As its name implies, cryptocurrencies are digital or virtual currencies that utilize cryptography for secure transactions, decentralization, and the control of new unit creation. Known as blockchain, this…
In the digitally advanced era we live in today, the notion of currency has transcended beyond physical bounds and assumed an intangible, highly efficient form known as cryptocurrency. Veiled in complexity and misconceptions, this novel form of digital currency fosters a versatile financial ecosystem driven by decentralized networks, cryptographic security, and revolutionary blockchain technology. This…
The start of the cryptocurrency SUI was successful. As expected, the promising smart contract platform goes straight into the top 100. Meanwhile, the developers at Mysten Labs are already announcing the first dApp. Launch is successful May 3, at 2:00 pm ET, the time has finally come: The long-awaited smart contract platform SUI from developer Mysten Labs is…
The Avalanche Cortina Upgrade has been live since yesterday. The AVAX blockchain thus provides improved technical possibilities. By increasing simplicity for independent developers one wants to conquer the DeFi sector. The project is already well positioned in this area. Avalanche Cortina Upgrade is Live: What to Expect Now? The Avalanche Cortina Upgrade has been live since yesterday. The currently…
The launch of SUI is imminent. The latest generation blockchain is eagerly awaited. When exactly the publication will take place is finally known. The first investors can already buy coins from today. The expectation of the project is huge – just like the venture capital behind the development. SUI launch is imminent: so the expectation is huge The launch…
Ethereum sidechain Polygon releases a system for on-chain identification of users called Polygon ID. The project was in a closed test phase for a year. User data should be better protected. Cardano founder Hoskinson considers functions of this type to be groundbreaking. Polygon releases system for on-chain identification After about a year of the closed test phase, Polygon…
Avalanche and Amazon cooperate. Ava Labs, the core company behind the cryptocurrency , has been able to reach an agreement with Amazon Web Services (AWS) . From now on it is very easy to set up a network node of the blockchain project. The main aim is to reach governments and companies. As can be seen from a press release from Avalanche , Avalanche and Amazon…
Almost a month and a half after Dominica made cryptocurrencies legal tender, the small island nation is now releasing its own DMC token . In addition, a separate blockchain ID is used. Dominica releases first state token DMC In October, several tokens on the Tron blockchain on Dominica will receive official national currency status . In addition, state representatives announced that they would expand their…
The stablecoin Tether will soon be available at 24,000 ATMs in Brazil. What is a major milestone for the company should actually help the residents. Financially disadvantaged people in particular should be given better access. Tether (USDT) available at ATMs Tether (USDT) is already the largest stablecoin on the market and has long been a systemically important part of the…
Due to the crash of the Terra smart contract platform, the Luna Foundation Guard also came under criticism. The organization arose to improve the stability of the cryptocurrency . Now allegations are being made again. Accordingly, the LFG is hiding a BTC reserve worth 133 million US dollars. Luna Foundation Guard bitcoin reserve From a peak of around 80,000 Bitcoin, the Luna Foundation Guard…
Dominica Crypto Adoption Happens! The small island nation appoints Tron as the country’s official currency AND blockchain . Various tokens are also given official tender status. Other elements also make the country interesting for crypto enthusiasts. Tron (TRX) and other tokens official means of payment on Dominica Dominica is a small island nation in the Caribbean. 72,000 people populate the island with an…
On September 28, Cardano, the blockchain around Ethereum co-founder Charles Hoskinson, celebrated its fifth anniversary. The project has already achieved a lot since it started in 2017, although the development team at Input Output Hong Kong (IOHK) is known for its scientific (i.e. rather slow) way of working. However, after half a decade, three of the five major…
Solana founder Anatoly Yakovenko responds to crypto analyst Justin Bons’ allegations. In his opinion, the discussion about the points criticized has now been exhausted. Some of the criticisms are due to technical details. Solana does not manipulate transaction counts Crypto analyst Justin Bons criticized the Solana (SOL) cryptocurrency in a Twitter post . In his opinion, the project shines with fraud and manipulation,…
Fraud allegations against Solana are loud. A crypto analyst takes a sweeping attack against the highly scalable blockchain . Above all, he thinks SOL is a project full of lies and deception. What is his criticism about? Justin Bons alleges cheating against Solana The criticism comes from crypto analyst Justin Bons . According to his own statement, Bons founded the first European crypto…
Only a few weeks after the drama surrounding the crypto mixer Tornado.Cash, there are signs that the worst expectations are coming true. The neutrality of the Ethereum blockchain is increasingly threatened. Almost half of all new blocks are now affected by censorship. Ethereum neutrality: around 45 percent blocks censored In August, the US Treasury announced sanctions against Ethereum (ETH)…
Can a CBDC be built on the basis of the Ethereum blockchain? Australia is introducing its eAUD with exactly this plan. The Australian central bank’s project also surprises with a few other details. CBDC in Australia: white paper published While many other countries have been working on their own digital central bank currency for some time, the Australian central…
A lot has happened in the field of so-called crypto tokens since the introduction of bitcoin . The popular Initial Coin Offerings ( ICO ) no longer only include pure cryptocurrencies such as BTC, Ethereum or Ripple. A number of new varieties have emerged over time. Our analysis of the various types of tokens is about precisely these different variants. This gives interested…
A certain type of Ethereum wallet address has a vulnerability that allows unauthorized access. Users can lose their entire assets stored there and should therefore react as soon as possible. Ethereum: Vulnerability in wallet addresses The five-year-old vanity address generator Profanity has a critical vulnerability that allows unauthorized users to gain access to the private keys. Profanity creates…
EthereumPoW (ETHW) is only a few days old. Now the project is already making unexpectedly negative headlines due to a possible vulnerability at protocol level. What’s behind the accusation? Hacker captured hundreds of ETHW After Ethereum completed the merge , it took only a few hours for EthereumPoW to launch the mainnet . The young ETH fork remains true to Proof of Work , while…
Cardano is getting closer and closer to the Vasil upgrade. According to the developers, this is the most significant improvement to the ADA blockchain to date , but what exactly is behind it? What is the Cardano Vasil hard fork? The Vasil Upgrade , also known as a hard fork , is a major upgrade to the Cardano blockchain. The significant upgrade is named Vasil…
Polygon (MATIC), the Layer 2 solution for Ethereum, is cooperating with the Starbucks coffee house chain, giving a wide range of users the opportunity to playfully take their first steps into Web3. The resulting loyalty program, Odyssey, is slated to launch in 2022. Polygon (MATIC) operates Starbucks Odyssey The US coffee house chain Starbucks announced in the spring…
The Oracle service provider with the smart contract platform Chainlink is one of the most active companies in the crypto industry. Chainlink has become the industry standard for building, accessing and selling oracle services required for hybrid smart contracts on any blockchain network. Chainlink’s cryptocurrency LINK has come into focus since its price surged. It’s up 11.5%…
Polygon has partnered with Nothing to provide mobile users with simple, no-fuss access to Web3 technology. Nothing will launch its first smartphone, the Nothing Phone 1, on July 12th. Ethereum decentralized scaling platform Polygon partners with phone maker Nothing to integrate Web3 technology. Polygon announced the partnership with Nothing and said the technology will be integrated…
JPMorgan aims to allow investors to pledge a wide range of assets as collateral via its proprietary blockchain. The blockchain network serves as a bridge between institutional investors and decentralized financial platforms (DeFi) of the crypto economy. Last week, US bank JPMorgan successfully conducted a pilot for collateral settlement over its private blockchain network. The company…
The decentralized finance platform AAVE announced the launch of Lens Protocol on February 7th. Lens Protocol is a decentralized social medium for Web3 built on the Polygon blockchain platform. According to the official website, “The Lens Protocol is a permissionless, combinable, and decentralized social graph that makes building a social platform for Web3 easy.” In the…
After two years of development, Litecoin (LTC) has now activated its long-awaited Mimblewimble upgrade. Mimblewimble is a privacy-focused decentralized protocol that structures and stores transactions on the blockchain. Its main feature is to improve privacy in user transactions on the network. According to a Jan. 31 announcement by the Litecoin Foundation, Mimblewimble has been integrated into Litecoin through the…
The Solana network is again affected by network instability with subsequent outage – the second this year and the fourth in six months. The most recent incident occurred on April 21/22. January and lasted 30 hours. There have been many failed deposit and withdrawal attempts and the volatility of price data has resulted in unlawful liquidations. The grid failure is…
Jim Cramer, host of the CNBC show Mad Money and a proven crypto critic, has issued a warning to Dogecoin investors. The purpose of the meme cryptocurrency is solely to collect fees for crypto exchanges. In addition, DOGE is a security that will soon be regulated by the US Securities and Exchange Commission SEC. Cramer has criticized…
The DappRadar annual report assumes that 2022 will be the year of the Metaverse, citing changes in recent market trends. Although the crypto industry is currently going through a grim period, it has been a record year for blockchain technology. DappRadar, a kind of app store for decentralized apps (DApps) and non-fungible tokens (NFTs), recently published…
Polygon (MATIC) has decided to follow other deflationary networks like Ethereum and Binance Smart Chain (BSC). According to an announcement made on December 14, the EIP-1559 upgrade will be implemented in a polygon test network in Mumbai. EIP-1559 (Ethereum Improvement Proposal) is an upgrade that was part of Ethereum’s London Hark-Fork in August. It limits transaction fees…
In a recent interview with Reuters , Dominik Schiener, co-founder and chairman of the IOTA Foundation revealed that some of the largest Asian venture capital firms and crypto hedge funds have raised $ 100 million to invest in the newly launched Blockchain Assembly, which is part of the IOTA- Ecosystem was built. Assembly plans to focus on decentralized…
The cryptocurrency market has suffered a lot over the past week. Bitcoin slumped to a low of $ 45,000 – down from 58,000 a week ago. Ethereum, Solana, Binance Coin, Cardano and Polkadot have also depreciated. Now an altcoin is leading the charts with gains of 25%. Tezos has bucked the current market trend and rebounded quickly after hitting…
While the rest of the crypto market is grappling with the recent downward movement, Terra (LUNA) has caught attention as one of the top performing cryptocurrencies. According to our data , LUNA has gained 28.7% in the past seven days. Yesterday the coin hit a new all-time high of $ 77.37 before falling below the $ 65 mark. At…