Thousands of cryptocurrencies exist on the blockchain, each representing unique digital assets and serving diverse purposes. However, the vast amount of new emerging cryptocurrencies are not created equal, and variations exist in their characteristics and functionalities and this has posed challenges in terms of interoperability, security, and user experience. This is where token standards play … Read more
In recent years, the concept of asset tokenization has garnered significant popularity as a revolutionary solution that holds the potential to transform traditional finance and investment practices. Leveraging on blockchain technology, asset tokenization allows for real world assets to be represented as tokens, allowing for greater liquidity, accessibility and efficiency in the financial landscape. Asset … Read more
The pros of IEOs are: Exchange Validation: IEOs undergo a due diligence process conducted by the cryptocurrency exchange hosting the offering. This helps filter out potentially fraudulent or low-quality projects, providing investors with a certain level of assurance and reducing the risk of scams. Access to Exchange User Base: IEOs leverage the existing user base … Read more
The BRC-20 token standard is a way to create and transfer digital tokens on the Bitcoin blockchain. It works similarly to the ERC-20 token standard on Ethereum. These tokens are fungible, which means they can be exchanged for each other, just like money. The BRC-20 token standard is still being tested and developed, and it … Read more
In 2017, Initial Coin Offerings (ICO) were all the rage. However, after the U.S. Securities and Exchange Commission chased after issuers for securities violations, ICO was deemed risky for investors and gradually lost it’s appeal. Many crypto projects have now turned to Initial Exchange Offerings (IEO) to raise funds. An Initial Exchange Offering (IEO) is … Read more
Bitcoin is a decentralised cryptocurrency that is powered by a network of users who create and record transactions on the blockchain. One of the key features of the bitcoin network is its limited supply, with only a maximum capped supply of 21 million bitcoins that will ever exist. Every four years, the number of new … Read more
To understand how crypto transactions work, it’s essential to know how different crypto keys work together. We’re always told to keep our private keys and only share our public keys. But what is the difference between these different kinds of keys, and how can we be sure we are using them safely? In this article, … Read more
Bitcoin is the dominant cryptocurrency in the world, with a market capitalization that is significantly larger than that of any other digital currency. This dominance has been a key factor in the success of Bitcoin and has made it the de facto leader of the cryptocurrency market. How Bitcoin gains its dominance in the crypto … Read more
Cryptocurrencies have garnered significant attention in the past few years. Bitcoin was created in 2009 as the first cryptocurrency. Since then, over 20,000 other cryptocurrencies have emerged in the market. One of the most common arguments put forward by cryptocurrency advocates is that they provide a hedge against fiat currencies such as the US dollar. … Read more
What is a Mining Rig? A Bitcoin mining rig is a specialized piece of equipment that is used to mine Bitcoins. Bitcoin mining is the process of using specialized computer hardware to verify transactions on the Bitcoin network and earn rewards in the form of new bitcoins. A mining rig typically consists of a computer … Read more