What Is Blockchain?
Blockchain is the innovative database technology that’s at the heart of nearly all cryptocurrencies. By distributing identical copies of a database across an entire network, blockchain makes it very difficult to hack or cheat the system. While cryptocurrency is the most popular use for blockchain at present, the technology offers
Easy-to-use DeFi protocols will become the new gatekeepers to crypto
It has arguably never been easier to participate in the crypto ecosystem. After centralized exchange powerhouse Coinbase recently began allowing its users to deposit part of their fiat paychecks into the exchange in the form of crypto, more people are beginning to realize the potential of the industry and participate
Don’t believe the hype: Web3 is not going to change the world
Unless you’ve been living under a rock for the past few months, you will have undoubtedly heard of Web3. According to some VCs and founders, this radically updated internet will unlock a new era of human cooperation and creativity, and so on. The Web3 hype is just another reminder of
Blockchain-based decentralized messengers: A privacy pipedream?
As people all over the globe have become increasingly aware of their privacy rights and how they are constantly being violated by various prominent social media platforms, the need for tangible, decentralized alternatives has continued to grow rapidly. For perspective, in 2019, Facebook was ordered to pay a mind-boggling $5-billion fine
Ethereum Could Hold Lead as Dominant Smart-Contract Blockchain: Coinbase Analysts
Don’t write off Ethereum just yet. The second-largest blockchain network by market capitalization after Bitcoin has become the dominant venue for some of the hottest cryptocurrency innovations, from decentralized finance (DeFi) to non-fungible tokens (NFT). The network’s popularity – and the high fees of transacting on it – has inspired a
Solana Labs launches Solana Pay, a payments protocol for digital commerce
Solana Labs has launched a payments protocol called Solana Pay to let merchants accept crypto payments directly from consumers. With Solana Pay, merchants can accept the USDC stablecoin, Solana’s native token SOL, and other Solana-based tokens on the Solana blockchain. Transactions will be instant, said Solana Labs, adding that merchants will
Driving digital transformation: The power of blockchain
COVID-19 has acted as a catalyst, pushing businesses worldwide to adopt innovative digital solutions in order to combat the effects of the pandemic. As we acclimate to hybrid ways of working, it is imperative for organisations to understand the potential for emerging technologies such as blockchain, to add value to
Google Cloud ramps up blockchain efforts by launching digital assets team
Blockchain, cryptocurrency and decentralized technology are all fascinating topics that have been heating up for almost a decade. Nowadays, everyone wants to be part of cutting-edge innovations. A Thursday announcement by Yolande Piazza, Google Cloud’s vice president of Financial Services, said the firm has established a Google Cloud Digital Assets Team
What Is Web3 All About? An Easy Explanation With Examples
First, there was web1 – aka the internet we all know and love. Then there was web2 – the user-generated web, heralded by the arrival of social media. Now, wherever we look, people are talking about web3 (or sometimes, web 3.0) – the supposed next big evolutionary leap forward of
What Is a Dapp? Decentralized Apps Explained
A decentralized application – or dapp – is like a digital app found on any smartphone or laptop, with the additional feature of employing blockchain technology to keep users’ data out of the hands of the organizations behind it. Just like cryptocurrency is decentralized money, dapps are decentralized apps. The blockchain