The smart network of Binance was subjected to a series of attacks on flash credit platforms this month, which caused multimillion-dollar damage, and brought a lot of trouble to the crypto industry. Flash loans at risk On May 20, Pancake bunny finance tweeted information about the attack on instant credit, as well as details of … Read more
Distributed ledger technology (DLT) can remain virtually immune to hacking, which is a very important feature for blockchain technology. DLT is an important component of the blockchain The dictionary definition of an accounting book is a horoscope, or financial accounts. Before the advent of electronic storage, government and financial institutions kept their records in paper … Read more
Sooner or later, all the assets we see today, such as stocks, commodities, and bonds, will go through tokenization. Many blockchain industry experts predict that the future of modern finance will be entirely focused on digital platforms. The path to large-scale digitalization is indicated The annual meeting of the World Economic Forum in Davos, Switzerland, … Read more
Blockchain has already passed the hype stage in the product lifecycle. The rapid pace of Industry 4.0 adoption in many areas underscores this. Undoubtedly, any industry looking for a technological basis for intelligent processes can ignore the blockchain only at its own risk. The Transformation Potential of Industry 4.0 and Blockchain Blockchain technologies, based on … Read more
In the 1990s, various works appeared on decentralized solutions for electronic payments, which laid the foundations for the birth of Blockchain technology: public-key cryptography, P2P networks, and timestamps. Blockchain: The Beginning The first development of a secure blockchain using cryptography, appeared in 1991, under the authorship of Stuart Haber and W. Scott Stornetta. A year … Read more
Litecoin has implemented the Mimblewimble update, providing some brand new privacy features. Let’s take a brief look today at what Mimblewimble is and what are the implications of its integration for Litecoin. Mimblewimble Update From the very beginning, you will have a question, what happened to the name, what is Mimblewimble? Well, the Litecoin update … Read more
Consensus algorithms play a crucial role in blockchain networks and cryptocurrency ecosystems. Proof-of-Capacity (PoC) is an intriguing option, as it allows you to mine through hard disk space. This approach has many advantages, and today this option is being explored in many projects. The purpose of the PoC algorithm While not a standard consensus algorithm, … Read more
Over the past year, the US dollar has been rapidly devaluing, and therefore its purchasing power has fallen. While many American citizens are grateful to their government for the financial support it has provided, officials have been widely criticized for printing trillions of dollars and thus deliberately lowering the value of the dollar. Retail and … Read more
Institutional companies are excited about the profits generated from investing in Bitcoin, as a result of which they launch new financial instruments based on the PTS. Institutions make enormous profits on BTC Payments company Square Inc easily beat Wall Street expectations for quarterly earnings on Thursday, as surging demand for Bitcoin triggered a jump in … Read more
Based on cryptocurrency market data, Ethereum flows have become more concentrated since DeFi and decentralized exchanges were established, indicating the dominance of a few insiders. Exchange flows of the two largest cryptocurrencies 53% of all Ethereum deposited on exchanges is accounted for by the top ten users, compared to 22% in Bitcoin. It sounds too … Read more
Bitcoin has been the king of cryptocurrencies for many years. Because of its price, what it represents, and the economic situation. The main question we ask ourselves is: what is its future? What lies ahead of the crypto king The future of the BTC is not easy to imagine, and to be sure of the … Read more
Decentralized Finance (DeFi) applications, especially on Ethereum, have become very popular over the past couple of years. Although Bitcoin is a global apolitical means of saving, the main idea of DeFi is to go beyond the creation of a new underlying monetary asset, and to provide a greater degree of decentralization in other areas of … Read more
In an era when 5 billion people around the world use the Internet as naturally as electricity, it is obvious that we also need money from the Internet – cryptocurrencies. We need the currency of the Internet, we need the cryptocurrency to become more convenient for purchases and other use cases, other than speculating on … Read more
According to a report published by Bloomberg, JPMorgan expressed concern about the recent fall in the Bitcoin exchange rate, and warned investors about a sharp increase in the liquidation of the BTC futures markets. JP Morgan Hires Blockchain Developers Against the background of the fact that the market capitalization of BTC remains above $1 trillion, … Read more
Blockchain has introduced radical innovation trends that have had a huge impact on virtually every industry, including finance, supply chain management, and healthcare. Let’s take a look at the trends expected for blockchain applications in finance in Russia in 2021. Blockchain Benefits for the Financial sector About two or three years ago, blockchain startups became … Read more