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L2 is a collective name for solutions that solve the problems of scalability and speed on blockchain, primarily in the Ethereum network. We’ll tell you about the most popular L2 protocols, their advantages and drawbacks, and what will happen to them now that Ethereum has switched to Proof-of-Stake. L2 and Vitalik Buterin’s trilemma Back in 2016,...
28 October 2022 /crypto
Blockchain networks use mining to create and validate new blocks of transactions and secure the network. Simply put, cryptocurrency mining is a process of creating new digital coins. Bitcoin and many other blockchain networks use the Proof of Work (PoW) consensus algorithm for cryptocurrency mining. Proof of work is a system where computers compe...
14 October 2022 /crypto /markets
Richard Dhuny UK DLT & Crypto Lead at GFT
It was great to be at CordaCon 2022 in London last week where I enjoyed several insightful conversations with fellow DLT & blockchain specialists! I just wanted to share with you my main business takeaways from the two day event: Key takeaways from CordaCon: The crucial talking point was the scope and potential of CBDCs, with over 80% of centr...
05 October 2022 /crypto
Abijith T Blockchain Developer at Blockchain Solutions
When was the first time you tried playing a game? Did you win? Did your team win? Don't we all have many memories attached to the games that we have played over the years? For many gamers, gaming is something that expands beyond the screen and the console. Gamers have rejoiced in the wins and losses equally. To be precise, gamers have an inexplic
20 August 2022 /cloud /markets
Carlo R.W. De Meijer Owner and Economist at MIFSA
I am a music fan. Of all sorts, from classic, to pop, to etc. In the sixteenths I visited the National Jazz and Blues Festival in Plumpton South England. And there I saw Deep Purple for the first time. It was great. Recently I read that, notwithstanding the music industry is an incredibly big business, many artists still have a pover life. This whi...
15 August 2022 /crypto
Introduction The world of cryptos has been beholden to the frenzied and bullish run of NFTs in 2021. It's 2022, and the total market cap of NFTs is around 23 billion dollars. The NFT headlines are roaring millions. When an NFT is purchased, you might not necessarily own the piece of art because NFT does not convey copyright or any other utilizing
18 July 2022 /crypto
The crypto market was shocked by the sudden collapse of the third largest stablecoin TerraUSD early May. Long-time isolated from the falls in crypto coins like Bitcoin and Ethereum, stablecoins were designed to sidestep crypto volatility and supposed to remain stable across the crypto ecosystem. The significant crash of TerraUSD that lost more tha...
07 June 2022 /crypto
The future of money is digital, according to a new global CBDC index from Price Waterhouse Cooper (PwC). This year’s Index shows that central banks are “ramping up” activity in the digital currency space. It is estimated that more than 80% of central banks worldwide are considering launching a central bank digital currency (CBDC), which some have ...
09 May 2022 /crypto
The war of Russia versus its neighbour Ukraine has triggered many countries from the West to impose severe sanctions, mainly aimed at hurting the oligarchs around president Putin. They are trying various ways to evade these sanctions as much as possible. Western countries led by the US now also have put crypto on the sanction list, as there are
06 April 2022 /crypto
Suruchi Gupta Founder and CEO at GIANT Protocol
For as long as cryptocurrency has existed, innovators have attempted to launch decentralized replicas of fiat money and the broader centralized financial system. In the Bitcoin white paper, Satoshi Nakamoto described Bitcoin as a “peer-to-peer electronic cash system,” but extreme volatility means that store of value is now its primary utility. Sta...
29 March 2022 /startups /crypto
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