“It’s like eight-tracks going to cassettes to CDs and now MP3s,” he stated. He identified that customers were expected to obtain their own encryption software program to safe their digital wallets. Clear felt that the bitcoin software ought to routinely provide such security. He also worried about the system’s capability to develop and the truth that early adopters...

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In this article, we will discuss the token classification.  1. Crypto Currency- It used as a store-of-value or means of payment; the unit of account. Not issued by a central authority. It can be mineable or pre-mined.  2. Tokenized Asset- Gives access to assets like gold, even in a microtransaction scale. The underlying asset needs to be held by the issuing party. Thus...

Are you aware of Ethereum  Blockchain development? If you are, then you should know about the ERC standards too. Here we will guide you with the details of the top seven ERC token standards in this post. What are ERC Standards? ERC represents Ethereum requests for comments that is a document written by smart contract programmers via using the Ethereum Blockchain platform. They define rules...

With the price of ETH crossing the $1,000 mark for the first time since 2018, the average gas fee on the Ethereum network set a new all-time high (ATH) on Jan. 4. Read more...

Bitcoin was unable to hold $40,000 after making its ATH of just below $42,000. A large sell-off from miners caused Bitcoin to drop 18% to $30,410. About $170 billion were wiped out from the cryptocurrency market.  Read more...

The profound proliferation of blockchain in several domains has gained momentum in the energy sector, thus fuelling the blockchain in energy market 2020. The power generation, transmission, and distribution industry reports are produced by Market Research Future, which highlights market options for expansion. A formidable 74.45% CAGR is estimated to transform the market in the...

Decentralization of Social NetworksThe need to introduce blockchain arose after a major scandal in March 2018, when the media learned that Facebook had been selling access to confidential information of more than 50 million users for several years. The data leak occurred due to an application with a psychological test that requested access to data from survey participants.Millions of users...

Chinese backed blockchain project BSN has revealed plans to pilot the adoption of a global CBDC system in 2021. Central Bank Digital Currencies (CBDC) was the major talk in 2020 and it appears that the push will be greater this year. Read more...

Chinese backed blockchain project BSN has revealed plans to pilot the adoption of a global CBDC system in 2021. Central Bank Digital Currencies (CBDC) was the major talk in 2020 and it appears that the push will be greater this year. Read more...