An increase in the adoption of blockchains has also created many challenges associated with blockchain implementation. Indicating that there is still a long way to go for blockchain technology before it can be completely implemented. Some of the problems that are being witnessed in the implementation of the blockchain are discussed below: Increasing Cost One […]
$637,000,000 spent on One Crypto Exchang...
Over half a million dollars were spent by a large Ethereum whale on the native asset of a crypto derivatives exchange. As per the resources, Crypto whale purchased 15,720,427 FTX tokens worth $637.14 million in a single transaction. FTX tokens are the utility token of the FTX crypto exchange, a trading platform for leveraged tokens, […]
Importance of Consensus Mechanism for Bl
Private Blockchains are also known as enterprise blockchains; the difference from public blockchains is that they are permissioned. Some of the key features of private blockchains are: Controlled membership and access: Only trusted nodes are permitted to join the enterprise blockchains. New users are validated through the identity management system of the organization. This implies […]
Wonderland Controversy Causes a Dump in ...
The native token of the Terra ecosystem dropped sharply after the controversy surrounding Wonderland. The token was down by 17% on Friday. It traded as low as $47.56, the lowest it has traded since November. Recently, Luna was trading around $51.89 and was down from its all-time high price of $100.17 which it reached in […]
Ethereum Transition to PoS Consensus Mec
Proof-of-Stake (PoS) is one of the most common consensus algorithms that have gained popularity as an alternative for the PoW algorithm. It has evolved as a low-cost and low-energy consensus mechanism. In this consensus mechanism, responsibilities for managing the ledger are distributed among the nodes in proportion to the number of tokens staked by them. […]
Analyst Justin Bennett Believes That Cry...
In a recent interaction with his Twitter followers, Justin Bennett said that markets don’t crash when they are most expected to do so. He explained that the crypto Bull market is still not over, but the correction is months away. Bennett has also revealed that “Federal Reserve will not hike interest rates and bring a […]