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
Typically, an IEO works like this: Exchange Selection: The project team selects a cryptocurrency exchange that supports IEOs and meets their criteria. They collaborate with the exchange to establish the terms and conditions of the token sale. Due Diligence: The exchange conducts its due diligence on the project to ensure its legitimacy, viability, and compliance … 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
Zero-knowledge proof is a type of cryptographic protocol that allows one party, known as the prover, to prove to another party, known as the verifier, that they possess certain information without revealing the actual information itself. This concept is based on the idea that the prover can provide evidence that they know something without revealing … Read more
Tokenomics (also known as ‘token economics’) is the economic model and principles that underpin cryptocurrencies. Crypto tokenomics is based on the principles of traditional economics, but it also incorporates unique features and mechanisms that are specific to cryptocurrencies. It is a crucial aspect of the cryptocurrency ecosystem, as it determines the supply, demand, and value … Read more
The blockchain trilemma is a term used to describe the challenges facing blockchain technology in achieving the three desirable properties of decentralisation, security, and scalability. These properties are often seen as conflicting with each other. For example, while Bitcoin is secure and decentralised, it can only process 7 transactions per second. Let’s look at the … Read more
Thanks to influential people from Elon Musk (CEO of Tesla) to beauty creator and entrepreneur Michelle Phan, the hype and mainstream appeal surrounding Web 3.0 and crypto is undeniable. Some of us might want to capitalize on the innovation of blockchain technology by venturing into this industry. Having a career in the crypto world will … Read more
Blockchain can be described as the base idea that helps us to understand how cryptocurrency works, essentially a set of connected blocks or an online, decentralized ledger. It is a shared public ledger that facilitates cryptocurrency transaction recording. Blockchain is a network of computers called nodes which all have on them the same history of … Read more