Reading Time: 2 minutes Introduction Wrapped BTC has evolved to be the top tokenized BTC asset, ascending as one of the first ten digital cryptos by market cap in January 2021. It is an ERC20 token that allows bitcoin owners to employ tokenized bitcoin in ETH-powered centralized software and exchange it on decentralized platforms. If BTC becomes wrapped, the […]
Reading Time: 2 minutes The newest Cardano protocol has been launched on the 1st of March. From announcements on Twitter, IOHK which is the company partnering with Cardano protocol ascertained the update of the Mary protocol. Mary Protocol under Development The upgrade will demand a hard fork that is set to emerge live on the main net fully on […]
Reading Time: 4 minutes Overview In this post, we shall be introducing Binance Smart Chain (BSC) and all that it entails for crypto traders and investors. The Binance Chain is the home of BNB currency and is optimized for efficient and ultra-fast crypto trading. To achieve this feat, Binance Chain had to sacrifice certain things. It is an ultra-fast and optimized […]
Reading Time: 2 minutes Introduction Theta Network is a leading blockchain-based content delivery platform. It enables the delivery of high-bandwidth content through the use of decentralized technology. The Theta Network allows users to watch videos and earn tokens as rewards simultaneously. Users are rewarded for relaying video to other users who are also watching the same video. Just like […]
Reading Time: 2 minutes First, let’s emphasize that Ethereum does not currently support staking. However, the launch of deposit contracts enabled users to state, validate, and earn Ethereum thanks to the Ethereum 2.0 proof of stake consensus mechanism. Before diving deeper, a few things needs to be further explained. What is Proof of stake? Proof of stake is a […]
Reading Time: 2 minutes What Is Stablecoin? Stablecoins are cryptocurrencies designed to minimize the volatility of traditional digital currencies like Bitcoin, Ethereum, Litecoin, etc. These stablecoins mimic the value of fiat currencies like the Euro, Dollar, Yen, etc. Stablecoins allow users to quickly and cheaply transfer value across the world while maintaining price stability. It is interesting to note that […]
Reading Time: 2 minutes We cannot discuss cryptocurrency storage without talking about cryptocurrency wallets. This brings us to the two types of wallets; have cold wallets and hot wallets. This article shall explore the difference between these two wallets and which one suits you better. Before we delve into cold storage wallets and hot storage wallets, do you know […]
Reading Time: 2 minutes One of the limitations of blockchain is scalability. Concurrently, Lightning Network is one of the measures of solving it. For cryptos like Bitcoin and Ethereum, scalability has bedeviled the transaction process. When compared to traditional transaction systems like VISA, PayPal, and MasterCard, cryptos are still far behind. To put things in perspective, VISA executes about […]
Reading Time: 2 minutes One of the hurdles of cryptocurrency adoption is exchangeability. Better put, how to exchange one crypto asset for another. Over the years, the crypto space has successfully passed the stage. The question is whose domain is the exchanges. Hence, the topic: centralized and centralized exchange comes to mind. As demanding as the difference between centralized […]
Reading Time: 4 minutes The smart contract was invented in 1994 by cryptographer, Nick Szabo. Szabo realized that the decentralized ledger could serve as smart contracts or self-executing contracts. In this way, contracts could be converted to computer codes and stored and replicated on the system. However, these codes are supervised by the network of computers that control the […]
