Distributed Autonomous Organizations (DAOs) are being promoted as the next technological revolution in industries such as banking and finance. Members of these blockchain-powered, member-only communities use distributed ledger technology to achieve their objectives. DAOs have many advantages over traditional...
Blockchain-based distributed ledgers work by connecting a chain of electronic records, each of which is linked to the one before it. Each new set of entries, or "block," is completed and time-stamped with a hashtag only after passing through...
The blockchain industry has grown exponentially over the last ten years. What began as a whitepaper in 2008 by Satoshi Nakamoto has evolved from the first L1-BTC blockchain to the arrival of the now dominant Ethereum, which captured the...
Bitcoin, the first blockchain network, was created to facilitate seamless, instant peer-to-peer payments. Twelve years on, the blockchain space has evolved with the creation of several other blockchains, each with its own underlying technology. As is often the case...
Inflation is one of the most troubling economic phenomena, especially for countries like the United States, which has the world's highest inflation rate. For the fiscal year that ended in June 2022, the annual inflation rate in the United...
Decentralized finance (DeFi) has evolved into a multibillion-dollar industry that is remarkably disrupting finance systems across the globe. One of the factors contributing to DeFi's phenomenal growth is the introduction of decentralization into the financial sector. Traditional finance (TradFi)...
The popularity and mass adoption of cryptocurrencies have skyrocketed over the past few years. Chainalysis's 2021 Global Crypto Adoption Index shows that the number of people using cryptocurrencies around the world increased by more than nine times in the...
Regular cryptocurrencies are not entirely anonymous because blockchain transactions are recorded on a public ledger that anyone can access. While such a system has advantages, users' privacy and anonymity are compromised, and it becomes easier to link a person's...
The widespread use of cryptocurrencies skyrocketed in 2021. As a result, non-fungible tokens (NFTs), decentralized finance (DeFi), and Bitcoin (BTC) reached new all-time highs and became more popular. The market capitalization of the crypto industry was also over $2...
Web3 embraces the concept of decentralization, meaning users, rather than a few mega-corporations, should develop, use, and own valuable resources on the internet Unlike the traditional web (Web2), which places power in the hands of corporations, Web3 puts power...
