Bitcoin was launched as a form of digital cash with no one person in charge. Instead of a central authority confirming and validating transactions, anyone can participate in helping to run the network, making Bitcoin a decentralized project. To validate a transaction or implement a software update, the people running the network need to reach […]
Blockchain was invented to power cryptocurrency projects, but the technology has since expanded into many industries. It is transforming the methods of conducting transactions and managing data in industries ranging from finance and healthcare to supply chain and real estate. The adoption of blockchain is leading to a more transparent, secure, and efficient environment for […]
One of the major issues in the crypto industry has been consensus, the method through which transactions are processed and network security is maintained. Bitcoin, the first-ever cryptocurrency, has been famously criticized for its very high energy consumption as a result of its Proof of Work consensus method, causing more energy consumption than many European […]
The entire concept of cryptocurrency originated from a single concept – a digital form of cash that no one person or entity could control. One of the best examples of how this democratized ideal can be put into practice is with decentralized cryptocurrency exchanges. What is a DEX and How Does it Work? A Decentralized […]
Money doesn’t grow on trees, and neither does crypto. In fact, cryptocurrency assets are created in a democratized process called mining, meaning members of the crypto community participate in creating new units of currency and validating transactions for a reward. People often find the topic of how crypto mining works intimidating, but it doesn’t need […]
Few industries rely on cryptography and operational security as much as the cryptocurrency industry. Crypto exchanges and individual users alike are high-value targets for bad actors online, and in October 2023 alone, $775 million was lost in 32 separate attacks. Of course, such losses can be avoided by improving security processes. Crypto is a nascent […]
CBDCs are all the rage at the moment as world governments seek to maintain authority over the financial system amidst the growing popularity in cryptocurrencies. As well as preserving government control over the monetary system and ensuring that financial transactions are taxed and regulated, CBDCs can also offer benefits of lower costs than physical fiat […]
