What is a Stablecoin? Stablecoins are digital assets designed to mimic the value of fiat currencies like the dollar or the euro. They allow users to cheaply and rapidly transfer value around the globe while maintaining price stability. Cryptocurrencies like Bitcoin and Ethereum are notorious for their volatility when priced against fiat. This is to be expected, as blockchain technology is still very… Continue reading What is a Stablecoin?
Category: Miscellaneous
What is Fiat Currency?
What is Fiat Currency? Simply put, fiat currency is legal tender that derives its value from its issuing government rather than a physical good or commodity. The strength of the government that establishes the value of fiat currency is key in this type of money. Most countries around the world use the fiat currency system… Continue reading What is Fiat Currency?
Blockchain Use Cases: Gaming
Contents The gaming industry today How does it work? How may blockchain impact the gaming world? Real ownership Decentralized marketplace Streamlining payments Gaming multi-universe Fair playing ground Unlimited gaming Limitations Examples of blockchain games Closing thoughts The blockchain ecosystem is growing at a fast pace, impacting more and more people every day. While the… Continue reading Blockchain Use Cases: Gaming
Blockchain Use Cases
Introduction The ideas behind blockchain were first conceived as early as 1991, but it wasn’t until Bitcoin was developed in 2009 that the technology started to receive more attention. Bitcoin was created by a person or group of people under the pseudonym Satoshi Nakamoto. Though it’s still unknown exactly who Satoshi Nakamoto is, their technological innovation has already… Continue reading Blockchain Use Cases
How does Blockchain work?
What is blockchain? In short, a blockchain is a list of data records that works as a decentralized digital ledger. The data is organized into blocks, which are chronologically arranged and secured by cryptography. The earliest model of a blockchain was created in the early 1990s when computer scientist Stuart Haber and physicist W. Scott Stornetta employed cryptographic… Continue reading How does Blockchain work?
History of Blockchain
The underlying technology behind cryptocurrencies is the blockchain. It allows every client in the network to reach a consensus without ever having to trust each other. The early days The idea behind blockchain technology was described as early as 1991 when research scientists Stuart Haber and W. Scott Stornetta introduced a computationally practical solution for… Continue reading History of Blockchain
Blockchain Use Cases: Governance
Although blockchain technology was initially designed to function as the architecture of Bitcoin, it’s now being used in many different fields. One of these fields is that of governance, where distributed systems have the potential to greatly change the public sector. Why should governments consider adopting blockchain? While it has many potential advantages in governance, there are… Continue reading Blockchain Use Cases: Governance
Blockchain Use Cases: Remittance
In short, remittance can be defined as the transfer of money to a distant location, usually between individuals who live in different countries. In most cases, it consists of an immigrant worker sending money to their home country. Today, remittances represent the largest flow of funds into the developing world, surpassing foreign direct investments and… Continue reading Blockchain Use Cases: Remittance
What Makes a Blockchain Secure?
Blockchains are secured through a variety of mechanisms that include advanced cryptographic techniques and mathematical models of behavior and decision-making. Blockchain technology is the underlying structure of most cryptocurrency systems and is what prevents this kind of digital money from being duplicated or destroyed. The use of blockchain technology is also being explored in other contexts… Continue reading What Makes a Blockchain Secure?
What Is an ICO (Initial Coin Offering)?
What is an ICO? An Initial Coin Offering (or ICO) is a method for teams to raise funds for a project in the cryptocurrency space. In an ICO, teams generate blockchain-based tokens to sell to early supporters. This serves as a crowdfunding phase – users receive tokens that they can use (either immediately or in the future), and the… Continue reading What Is an ICO (Initial Coin Offering)?