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Permissionless blockchains are used by crypto such as Bitcoin and Ethereum

3 weeks ago 2 mins read

What Are Permissioned and Permissionless Blockchains?

Blockchain technology is a revolutionary invention that is transforming various industries across the world. It is a distributed ledger technology that allows data to be stored in a decentralized manner, making it more secure, transparent, and immutable. Blockchain is used in various applications, including finance, supply chain management, healthcare, and voting systems. There are two types of blockchains: permissioned and permissionless. In this blog, we will discuss the differences between permissioned and permissionless blockchains. Permissioned Blockchain A permissioned blockchain is a private blockchain where only authorized users can access and validate transactions. It is also known as a private blockchain.

there are also potential drawbacks to the use of CBDCs. One major concern is the potential for increased government surveillance.

2 months ago 2 mins read

What is CBDC and what are its bad effects?

A Central Bank Digital Currency (CBDC) is a digital version of a country’s traditional fiat currency, such as the US dollar or the Euro. It is issued and backed by the country’s central bank, and can be used for transactions just like physical cash. The idea behind CBDCs is to provide a digital alternative to cash that is more efficient and secure, while also maintaining the stability and trust that people have in their country’s currency. However, there are also potential drawbacks to the use of CBDCs. One major concern is the potential for increased government surveillance. Because CBDC transactions

3 months ago 1 min read

What is Shiba Inu Crypto?

Shiba Inu is a cryptocurrency that was created in August 2020 as a decentralized alternative to the popular cryptocurrency Dogecoin. It is based on the Ethereum blockchain and uses the ERC-20 token standard. The name “Shiba Inu” comes from a breed of Japanese dog and was chosen because the developers of the cryptocurrency wanted to create a fun and lighthearted alternative to other cryptocurrencies. The Shiba Inu logo is a stylized image of a Shiba Inu dog’s face. Shiba Inu’s main selling point is its decentralized nature, which means that it is not controlled by any central authority or organization.

3 months ago 1 min read

What exactly is zkSNARKs?

zkSNARKs (Zero-Knowledge Succinct Non-Interactive Argument of Knowledge) is a protocol that allows one party (the prover) to prove to another party (the verifier) that they possess certain information, without revealing what that information is. This is done through the use of a proof, which is a small amount of data that can be generated by the prover and verified by the verifier using a publicly available verification key. Here’s an example of how zkSNARKs might be used: Alice wants to prove to Bob that she knows the secret password to a certain system, without actually revealing the password to Bob.

3 months ago 1 min read

Zero-knowledge (ZK) based privacy: Explained

Zero-knowledge (ZK)-based privacy refers to a type of privacy protection that allows individuals or entities to prove the authenticity of certain information without revealing the actual content of that information. It is a method of proving that something is true without revealing any details about it. ZK-based privacy uses zero-knowledge proofs, which are mathematical constructs that allow one party (the prover) to demonstrate to another party (the verifier) that they possess certain information without revealing the actual information. In a zero-knowledge proof, the prover and verifier engage in a series of interactions where the prover tries to convince the verifier

4 months ago 1 min read

Polygon (MATIC) explained in simple terms

Polygon (formerly known as Matic Network) is a blockchain platform that provides a suite of tools and services for building and deploying decentralized applications (DApps). Polygon is designed to be an easy-to-use and scalable platform that enables developers to quickly and efficiently build and deploy DApps on the Ethereum network. Polygon uses a hybrid proof-of-stake and proof-of-authority consensus mechanism, which allows for faster and cheaper transactions than other networks. The platform also offers a range of services, such as security audits, developer tools, and community support, to help developers build and launch DApps on the Polygon network. Overall, Polygon is

4 months ago 1 min read

Ethereum explained in simple terms

Ethereum is a decentralized, open-source blockchain platform that enables users to create and deploy decentralized applications (dApps). It utilizes a distributed public blockchain network, which enables users to securely transfer digital assets and store data. Ethereum is powered by its own cryptocurrency, Ether (ETH), which is used to power the Ethereum network and pay for transaction fees. Furthermore, Ethereum is the foundation for many other decentralized networks, such as EOS, Cardano, and Tron. Ethereum enables developers to build and deploy smart contracts, which are computer programs that can be used to manage digital assets and other functions on the Ethereum

4 months ago 1 min read

Web3 explained in simple terms

Web3 refers to the third generation of the World Wide Web, which is focused on the use of decentralized technologies such as blockchain and peer-to-peer networks. The main idea behind Web3 is to create a more open, decentralized, and secure internet, where users are in control of their own data and digital assets. This is in contrast to the current state of the web, which is largely centralized and controlled by a few large companies. Web3 technologies are designed to give users more control over their online experiences, and to enable the creation of decentralized applications and services that are

6 months ago 4 mins read

How To Grow Your Business Using Cryptocurrency?

The rise of cryptocurrency has changed the financial industry over the years. While many still don’t understand the concept and the fears about Bitcoin and Ethereum are high, there is no doubt that this virtual currency presents various benefits for business owners and institutions. Bitcoin, the first well-known decentralized virtual currency, helps businesses with security and transparency since no individual or organization controls the blockchain. However, using crypto in business offers more than protecting your most essential data. Surprisingly, using crypto can help your business grow more than ever. So if you’re looking to expand your business using crypto but

6 months ago 1 min read

Why Trade Cryptocurrency?

Cryptocurrencies are becoming a significant part of an investor’s portfolio, and there are several reasons why trade cryptocurrency: 1. Market hours for cryptocurrencies Due to the lack of centralized market administration, the cryptocurrency market is typically open for trading every day of the week, all year round. 2. Better liquidity A cryptocurrency’s liquidity is determined by how quickly and easily it can be exchanged for cash without affecting its market value. Because it results in better pricing, quicker transaction times, and more technical analysis accuracy, liquidity is significant. 3. Exposure with leverage As a leveraged product, crypto derivatives and leverage

6 months ago 2 mins read

How to make money trading crypto?

Whenever an investor or a trader buys cryptocurrencies, they not only earn from the price appreciation but also get access to the platform’s utilities. For instance, Ether is traded on crypto exchanges and used to pay transaction and gas fees on the Ethereum blockchain. Cryptocurrency markets offer numerous ways for traders to make money trading crypto in both bull and bear markets. Traders sell high and buy low to make profits. Or go long in bull markets and go short in bear phases to earn from the price fluctuations. Traders can also enter leveraged positions and earn profits by investing

6 months ago 3 mins read

Crypto Trading vs Forex Trading

There are significant differences between forex trading online and forex trading: 1. Forex trading has been around considerably longer than the cryptocurrency market – ever since humanity first started using distinct national currencies. 2. Compared to FX trading, cryptocurrency trading ensures higher returns but carries a higher risk level. 3. Because the cryptocurrency market is more recent than the forex industry, it is also less regulated. 4. Cryptocurrency trading is more accessible than trading Forex for the lesser number of formalities involved, faster transactions, lower fees, and greater liquidity as the cryptocurrency market is a borderless decentralized market. Crypto Trading