Finding Freedom in the Digital Age
The impact that the Ethereum blockchain has had on the blockchain and crypto industries cannot go understated. Operating as a “world computer,” Ethereum enables the use of smart contracts, which allow decentralized applications (DApps) to be built. Smart Contracts have evolved over the last few years to spawn an entirely new set of financial protocols collectively called decentralized finance (DeFi). So what is DeFi, and where does it fit within the crypto industry?
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In 2017, Bitcoin and cryptocurrencies first started dominating the mainstream news as each of these assets reached incredible highs. Now, a new trend to come out of the crypto space is creating the same degree of media attention. Non-fungible tokens, or NFTs for short, are turning people into millionaires overnight. But what exactly are NFTs, and why have they become so popular?
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While Bitcoin remains king in market dominance and popularity, the slightly lesser-known “altcoin” Ethereum has proven to be a force to reckon with. Ethereum has far broader applications than just a store of value and unit of exchange. It is considered a “world computer” on which several decentralized applications (DApps) can be built.
But as Ethereum gains in popularity, many of its shortcomings are rising to the surface. The most concerning of which is its scalability. Transaction fees — or “gas fees” as they’re called on the blockchain — are notoriously high during congested periods due to all of the DApps using up resources.
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In the face of Bitcoin market dominance, Ethereum is often overlooked. As the largest of the “altcoins,” it is discussed far less in the mainstream news, leaving some to speculate that it is undervalued. But Ethereum is arguably just as revolutionary as Bitcoin, and potentially more so. It just wasn’t the first blockchain and cryptocurrency out of the gate.
After understanding Ethereum’s purpose and impact, it is hard not to get excited about it. Continue reading to learn everything you need to know about the Ethereum blockchain.
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When the Internet was created near the end of the 20th century it was hard to imagine what it would evolve into. Today we have a global high-speed communications platform that mega-industries have been built on top of.
Two revolutions happening on the Internet now are digital nomad lifestyles and blockchains. And these two have more in common than you’d think.
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The original promise of Bitcoin was that it’d be a safe and secure way to conduct transactions without revealing your identity. Unfortunately, the current cryptocurrency environment has grown to undermine some of these privacy-centered efforts. However, several blockchain organizations have taken up the torch on cryptocurrency privacy efforts, and a proliferation of so-called “privacy coins” have come into fruition.
Blockchains are revolutionizing the way we conduct business by adding layers of autonomy and trust to networked databases. Underpinning every blockchain is an algorithmic consensus method providing those characteristics. How do consensus methods work, and which are the most widely used today? Continue reading to learn more.
Blockchain is a major disruptor in terms of how the world will conduct business and governance going forward. At this point, it seems that any country without plans to adopt it will be left behind. So which countries have embraced blockchain technology, and what are they doing to foster its growth? Continue reading to learn some of the major national players in blockchain technology, and what their recent history with blockchain has been.
Now that blockchain technology is better understood, global industries are finally taking it seriously. Organizations all over the world are integrating blockchains into their internal processes to boost efficiency and security.
What is it about blockchain technology that makes it so attractive? Amid the digital age, vulnerabilities in societal infrastructure have revealed a need for fundamental change. Below is an overview of four major problems that blockchain technology can solve in the coming years.
Since the inception of Bitcoin in 2009 and its rise in popularity circa 2017, there has been much confusion as to what the difference between cryptocurrencies and their counterpart, the blockchain, really is. While the two technologies do go hand-in-hand, there are still fundamental differences between them. So what is the difference between cryptocurrencies and blockchains?
