DAOs, or decentralized autonomous organizations, are a relatively new type of organization that operate on a blockchain. They’re operated by code rather than a traditional central authority. DAOs are decentralized in that they’re governed by a group of stakeholders who vote to make decisions. DAOs use the transparency and security of blockchain technology to operate […]
With the rise of decentralized applications (dApps) and blockchain-based solutions, the need for scalable and efficient infrastructure for blockchain networks has become increasingly important. Unfortunately, many blockchain networks, such as Ethereum, have been limited in their scalability due to bottlenecks at the layer 1 or the base layer of the network. Layer 2 scaling solutions […]
Digital currency has been around since the early days of the internet, but it wasn’t until the creation of Bitcoin in 2009 that the world really began to take notice. In the decade since its launch, Bitcoin has become the most well-known of the cryptocurrencies, but it has also become infamous for being an energy-consuming […]
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The depegging of USDC stablecoin from its $1 value is causing concern as it falls to as low as $0.89. Panic has set in following the collapse of Silicon Valley Bank (SVB), which is hurting USDC’s reserve position as it has $3.3 billion tied up at SVB. The majority of USDC depositors, which are mostly […]
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XRP, the sixth-largest cryptocurrency, is currently facing uncertainties in the market, particularly from the United States. Although the total market cap has dropped below the $1 trillion mark to $963 billion on Saturday, XRP’s price has remained relatively stable over the past 24 hours, trading at $0.3691. The crypto market has had a challenging week […]
Over the last year, a new phenomenon in the art world has emerged – NFTs or non-fungible tokens. NFTs are digital tokens that represent ownership of a unique digital asset, such as a piece of digital artwork, music or video. They are stored on a blockchain, which provides a secure and transparent record of ownership […]
The world of finance is changing at a rapid pace, with the emergence of innovative technologies that are disrupting traditional financial systems. One such technology is decentralized finance, commonly known as DeFi, which is set to revolutionize the financial industry in a profound way. DeFi is a new financial system that operates on a decentralized […]
The world of money is rapidly evolving, and the traditional ways of using currencies have been challenged by digital currencies. With the growing popularity of cryptocurrencies, governments and central banks have been looking for a way to regulate and create digital currencies that can be used as an alternative to traditional fiat currencies. This has […]
Blockchain technology has been rapidly evolving over the years, with new use cases and applications being discovered and explored at an unprecedented pace. However, the fragmentation of the industry has been a significant bottleneck to its growth and potential. Interoperability is the ability to connect different blockchain platforms and networks to enable communication, data sharing, […]
As technology continues to advance, we’re seeing a shift towards decentralization and distributed networks in various industries, and the world of business is no exception. Decentralized Autonomous Organizations, or DAOs, are a relatively new concept that have the potential to revolutionize the way companies operate and interact with their stakeholders. A DAO is essentially an […]