In cryptocurrency trading, you can choose to use a “hosted” wallet—by way of allowing the crypto exchange to hold and manage your crypto—or you can download a self-custodial wallet, of which you take full ownership. Given the growing number of such crypto wallets offering varying features, it can be challenging to decide which is the most ideal for you.
Society for Worldwide Interbank Financial Telecommunication, or SWIFT, is a secure messaging system between banks across international borders. It is the principal mechanism for facilitating international trade.
In February this year, a non-fungible token (NFT) project called Satoshibles was launched. The project is inspired by Bitcoin’s pseudonymous creator, Satoshi Nakamoto. At this point, it is common knowledge that most NFTs are on the Ethereum blockchain. But, the developers of the project wanted to create Satoshibles on the Bitcoin blockchain to honor Nakamoto’s legacy.
In the world of cryptocurrency and blockchain technology, speed is everything. Naturally, the faster a transaction can be completed, the more efficient the blockchain is. While transactions per second (TPS) has been the go-to parameter for many to determine speed, it is not the most reliable.
One of the biggest criticisms of non-fungible tokens NFTs is that they adversely affect the environment. To buy an NFT, you would use some sort of cryptocurrency which is mined using energy-intensive mining rigs. Estimates suggest that Bitcoin mining consumes 180 terawatt-hours of electricity annually.
Over the years, decentralized applications, or dApps, have seen a meteoric rise in popularity. Known for their security, transparency and efficiency, dApps are quickly becoming the go-to choice for many crypto enthusiasts. In this article, we take a look at some of the most popular dApps in use today.
One of the major criticisms that crypto enthusiasts receive is that crypto mining takes up a lot of energy and adversely affects the environment. In fact, Bitcoin uses up 0.5% of all electricity worldwide and has the capacity to push global warming above 2°C. With such massive environmental costs, can crypto really reach its full potential? That is precisely where companies like Gather Network come in.
As of 2022, crypto assets worth US$120 billion are locked in decentralized finance (DeFi) applications. DeFi’s rise to fame can be attributed to its decentralized take on traditional financial services, including lending and borrowing, insurance and interest-bearing accounts.
Have you ever received discount coupons or special rewards simply because you were a brand’s registered member? That’s the idea behind crypto airdropping, too. In 2014, Auroracoin, the first crypto airdrop, distributed 31.8 AUR (US$385), its native token, to each Icelander in a bid to make it the national currency of the country.
Imagine if you could grow your money without putting in too much work. That’s the allure of yield farming, a coveted source of passive income among cryptocurrency enthusiasts. As Daniel R. Hill, President of Hill Wealth Strategies, sums it up, “Cryptocurrency that would normally just be sitting in an account is instead lent out in order to generate returns.
It is evident that cryptocurrencies are lucrative opportunities. After all, people have earned up to US$100 billion from them. What’s greater is that there’s no single way to earn cryptocurrencies. You can mine, trade, earn or even stake them.
One of the most well-known things about crypto is its volatility. For instance, despite reaching an all-time high value of US$68,000 in November 2021, Bitcoin fell to US$33,000 in January 2022. The conditions were so bad that investors became concerned about a “crypto winter”, a phenomenon where prices continue to stay low with no rise insight for over a year.
So you want to get in on the crypto craze. Well, who wouldn’t? After all, it’s a market worth over US$3 trillion! But before you get started, you need to acquaint yourself with token economics. In crypto, tokens represent assets or utilities that your company offers investors in return for their investment. They differ from coins in the sense that tokens are built on an existing blockchain, like Tether on Ethereum, whereas coins are the native tokens of a blockchain, such as Bitcoin.
Decentralized financing (DeFi) is a way of taking banking outside the control of traditional financial institutions. It has emerged as a new and revolutionary way of investing funds with quicker transaction speeds. As of January 2022, US$92.3 billion of value is locked in on DeFi platforms.
In January this year, the crypto market experienced a massive crash and lost a total of US$1 trillion in value. With this crash came the fear of the onset of crypto winter, where the prices of cryptocurrencies drop with no upswing in sight. While the fear has since subsided, the crypto market has been experiencing a crash amid growing conflict in Ukraine.
If you can play games, work together and hang out at concerts as virtual avatars in the metaverse, then sex doesn’t seem too far off the mark, right? According to a game development theory called “Time to Penis” (TTP), every platform or game has a certain time period before users find out how to create a penis on it.