Cryptocurrency is the new gold or the new internet. Whatever it might soon become the new necessity. How does it sound to carry cryptocurrency in your digital wallet – all-time? The world is already talking about cryptocurrency and using it to make payments. Is it like cryptocurrency accelerating the payments or creating a new way of handling money? It probably…
It is no wonder that soon we will all hold blockchain assets or digital assets, also popularly known as cryptocurrencies. Digital assets have modernized the way we live and the way we pursue business. In recent months, the virtual currency has left analysts and investors stunned. There have been questions about its existence, also potential bubbles on its presence. A…
Since Non-fungible token (NFT) is digital, any drawing, painting, or music that your brain turns to a presentable art, there is currently a lot of scope and excitement about using this technology to sell your digital artwork. Ever since an artist known as Beeple auctioned a digital NFT collage at Christie’s in mid-March 2021 for $69 million, the art world…
A cryptocurrency or crypto or also called digital currency, is entirely digital cash that can be utilized to purchase goods, services, and products. It utilizes a record called an online ledger with solid cryptography to secure online exchanges and transactions. A significant part of the interest in these unregulated monetary forms is to exchange for a benefit, with speculators now…
Decentralized Finance, or DeFi, is the most exceptional space for the new crypto bull run. DeFi is crypto’s enormous thing right now, similar to how Initial Coin Offerings (ICOs) were extremely popular back in 2017. Going back to the pandemic year, June 2020, just $1 billion was secured up DeFi conventions, as indicated by measurements site DeFi Pulse. In January…
This is not to dismiss Bitcoin or to play down its role in bringing about the Blockchain revolution, but let’s say that the price of Bitcoin staggers back and forth like a dawning old grandpa who falls off his rollercoaster every time he encounters a resistance barrier of $10. And so, Decentralized Finance (DeFi) is like sprinting on the track…
With the rise of blockchain technology and cryptocurrency, digital central bank currencies (CBDCs) are becoming increasingly popular among global financial institutions. Around the world, CBDCs for wholesale use in financial markets are growing, with countries represented in different stages of CBDC development from research and testing to market launch. Among world powers and major countries, China is leading the race…
“More bitcoin mining using ASICs will result in incredible amounts of e-waste.” According to the calculations of Dutch economist Alex de Vries, more bitcoin mining accumulates faster rate than toxic battery waste or PVCs. The usage of adaptable processors such as CPUs results in more significant and more intensive power consumption, consuming a large sector of energy production from any…
As an added benefit of anonymity, disclosing personal identity information during a Bitcoin transaction is not necessary. That’s both a pro and con of Bitcoin – welcome to the world of BTC! The use of cryptographic private keys, visible only to the Bitcoin Wallet Address (BTC), largely conceals users’ identities from others. Anonymity is the end-all of Bitcoin and has…
Transaction fees for cryptocurrency transactions are much lower compared to traditional financial systems. If you make many transactions each month, the transaction fees charged for each transaction you make can be huge. However, data miners receive their remuneration from the cryptocurrency network and are charged much less than for these transactions. Transaction costs for cryptocurrencies are lower than those of…