How does the blockchain work?
In simplest terms, Blockchain uses a combination of cryptography and a public ledger to create trust between parties while maintaining privacy. Understanding the mechanics of how this works is a little bit more difficult, but in order to fully appreciate the genius behind Blockchain technology, we’ll need to dive into the technical details. While Blockchain can include many more features, the fundamentals of a Blockchain are in the technology’s name:
It’s Time For Instagram To Test NFTs
“A group of non-fungible token (or NFT) makers and collectors will soon be able to display their tokens on Instagram,” says Mark Zuckerberg, CEO of Meta. NFTs are being tested on the platform, with “similar capabilities” coming to Facebook soon.
Cryptocurrency: What Is A BlockChain?
A blockchain functions as an open-source ledger where users record, control, and amend transactions. The blockchain is no different from other platforms, say for instance Wikipedia. Just as Wikipedia is an open-source platform where a single publisher is not responsible for fabricating content, blockchain too does not give full power to just one miner.
Bitcoin (BTC) rejects $40K and falls -10%
Pixabay: WorldSpectrum / Source: CoinMarketCap, TradingView. BTC had an initial rise of 5% after the Federal Reserve announced that it would raise the benchmark interest rate in the United States by 1%. But the rise appeared to be short-lived as Bitcoin failed to break above the $40,000 resistance, causing it to drop to as low as $36,000.
USDT loses growth for major stablecoins.
Flickr: Jernej Furman / Source: theblockcrypto.com / coinmarketcap.com. Tether (USDT) dominated the stablecoin market with more than 80% of the capitalization, but since 2020 it has been reducing its dominance.
Who, exactly, is Satoshi Nakamoto?
A person or group known as Satoshi Nakamoto wrote a paper thirteen years ago describing a new software system called bitcoin. Bitcoin is already valued over $1 trillion, and it has ignited a phenomena that proponents believe has the capacity to completely restructure the global financial system.
3 Reasons You May Want to Sell Your Altcoins (Opinion)
Trading cryptocurrenciesPhoto by Behnam Norouzi on Unsplash. The cryptocurrency market has not been favorable to investors lately. Since October last year, cryptocurrency prices fell and continue to trade in an up and down movement.
Cathie Wood gave a $1 Million Bitcoin price prediction
This is one of the more bullish price predictions on Bitcoin. In her most recent public appearance, Cathie Wood shared her thoughts on Bitcoin. At the Miami Bitcoin Conference, Cathie Wood stated the cryptocurrency would reach over $1 million per Bitcoin by 2030. At the time of this writing, the crypto is in the $42,000 price range.
Is Buying Virtual Real Estate In The Metaverse Stupid?
There are many things that can be said about virtual real estate. Some people are drawn to the novelty of it, while others see it as a way to make a quick buck. However, there is one thing that everyone can agree on: virtual real estate is a big business.
How can a Metaverse help Musicians?
“Zilliqa is the only blockchain currently that can give you the full suite of launching a token, developing an NFT strategy and we can bring you into the metaverse,” says SandraH, head of metaverse at Zilliqa. Oh and throw in gamification, esports and a focus on creators and that might give you an idea of why the $Zil token has skyrocketed last week coinciding with the glitzy launch of its Metapolis or a Metaverse as a Solution (MaaS) in Miami on April 2nd.
Texas Governor and a State Mayor are in Favor of Cryptocurrencies
According to an Austin resolution, Mayor Steve Adler directed the city manager, Spencer Cronk, to explore options on “smart contracts, supply chain management, insurance to arts, media, fundraising, and identity verification.”
Minecraft gamers can now earn Trilium from the Alien Worlds metaverse
The bridge will open the door to play-to-earn gaming and the metaverse for Minecraft gamers. Minecraft, the best-selling video game in history engaging more than 170 million players, will be able to earn Trilium, the native cryptocurrency in the Alien Worlds metaverse. Alien Worlds is one of the largest play to earn (P2E) blockchain games and NFT metaverse.
A 379-Year-Old Algorithm Cracks RSA Crypto Keys
A vulnerability in the creation of RSA keys turns an algorithm from 1643 into a code cracker. The IT security researcher and journalist Hanno Böck has discovered a vulnerability in RSA keys. He describes how he can crack the encryption using an algorithm that was first described in 1643 by the mathematician Pierre de Fermat.
Multi-Million Dollar NFT Sold For Pennies
Due to a cryptocurrency unit mix-up, a seller received pennies for an NFT. Now he asks the buyer to return it. According to the Ethereum blockchain, an Etherrock NFT was recently sold for 444 Wei instead of 444 ETH. While 444 ETH is worth around 1 million USD, 1 ETH equals 1,000,000,000,000,000 Wei. Accordingly, the NFT was - apparently by mistake - offered and sold for a fraction of its value, as reported by Vice.
Bitcoin Mining Operation Headed to Court Monday
Washington County officials are headed to court almost one year after complaints started coming in about the noise pollution in the Telford community. The county suit is against BrightRidge and Red Dog Technologies, the operator of the Bitcoin mining operation.
US President Joe Biden Wants a National Strategy For Cryptocurrencies
Several authorities are said to be investigating the risks and opportunities of cryptocurrencies for the USA - including a bank-backed currency. US President Joe Biden has signed an executive order detailing a government-wide strategy regarding cryptocurrencies. As Engadget reports, several government agencies are to work out the opportunities and risks of cryptocurrencies and design a national strategy.
Cryptocurrencies are becoming one of the go-to investments of today
After COVID, inflation, and now Russia, these factors didn't waste any time beating down your door. Each of these brought different results and they are hard to escape. However, some people have quietly increased their wealth to become rich.
My tips on how you can pay cryptocurrency taxes
For years, I tried to understand the tax system. If you think about it, you will most likely pay taxes for the rest of your life. So, it’s good to have a general understanding of it, especially when it comes to cryptocurrencies.