Blockchain-based networks, decentralized applications (dApps), and distributed registries are becoming the backbone of much of our digital lives. A new, unchanging digital universe is forming around us, remaking the Internet, and you probably don’t even know it. Invisible technology changing the world Blockchain is not a buzzword like the cloud or the Internet of Things. … Read more
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
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
Many people still do not understand the differences and similarities between traditional databases, and more recent innovative blockchains. Two storage solutions One likely source of this confusion is the fact that a block chain is a type of database, as it is used to store information in data structures called blocks. A traditional database also … Read more
With the advent of Bitcoin in 2009, the world was introduced to blockchain technology. This step was the first of many steps in the development of innovative blockchain technology, and on the way to digital currencies. Blockchain Technology in Simple Words At first glance, both Blockchain and Bitcoin may seem intimidating and incomprehensible. Having clearly … Read more
Last week, Coinfirm, a leading global provider of AML software and blockchain analytics, published a crime analysis for 2020, analyzing traditional (fiat) and crypto crimes, and which crypto-criminal sectors are growing rapidly. The human cost of crime It was found that the total volume of crypto crimes in 2020 was just under $ 10.5 billion, … Read more
Given how technological advances have proven to be revolutionary for a wide range of industries, Blockchain is one of the most innovative and useful technologies. Technology that is essential Today, fintech industries are increasingly using blockchain in numerous financial services. Financial infrastructures, traditional banks, and credit unions must use fintech innovations within existing service platforms, … Read more
Some governments do not give rest the rapid growth of acceptance of cryptocurrencies by the world community. Humanity saw in them an alternative way to save their savings and protect their financial freedom. But governments see a threat in this. Attempts to curb crypto In the past few weeks, U.S. Treasury Secretary Janet Yellen has … Read more