Blockchain technology has revolutionized data storage and transfer across various industries, from finance and healthcare to supply chain management and beyond. At its core, the process of writing data to a blockchain follows a specific model known as the “block model.” This article will delve deep into the intricacies of the block model, explaining how
Tyler and Cameron Winklevoss, the billionaire founders of cryptocurrency exchange Gemini, announced on Thursday that they have each donated $1 million in bitcoin to support Donald Trump’s presidential campaign. This move marks a significant contribution from prominent figures in the crypto industry to the Republican candidate. The twins, known for their early involvement with Facebook
The blockchain ecosystem is rapidly evolving, with developers and researchers constantly exploring new avenues to improve upon existing architectures and designs. One project that has garnered significant attention for its innovative approach is Casper, a proof-of-stake (PoS) blockchain designed and developed by the Ethereum research team. Casper stands out for its modular design, which sets
NFTs, or Non-Fungible Tokens, have taken the world by storm in recent years, capturing the attention of artists, collectors, investors, and technologists alike. This revolutionary technology, built on blockchain, has opened up a new frontier in digital ownership and scarcity, disrupting traditional notions of value and ownership in the digital realm. In this comprehensive article,
X, the social media platform formerly known as Twitter, has initiated a change wherein users’ likes are now concealed. This decision follows closely after the announcement by the Elon Musk-owned company, emphasizing the importance of safeguarding user privacy. In light of this adjustment, individuals will no longer have visibility into the posts liked by others
Investors pulled $200 million from U.S. bitcoin ETFs on Tuesday, likely de-risking ahead of key inflation and Fed reports due Wednesday. The outflows, the highest since May 1st, came amid a bitcoin selloff that saw prices briefly dip below $66,200. Grayscale’s GBTC accounted for $120 million of the redemptions, leading all bitcoin ETFs in outflows.
Web3 projects need to balance the performance, cost and user experience. Out of the available options to achieve this, rollups stand out the most. But it’s not ideal to keep managing all the aspects of the rollup all the time. This is where RaaS or Rollup-as-a-Service platforms come into play. RaaS providers specialise in the
In the ever-evolving landscape of web3 and decentralized technologies, a new paradigm has emerged: SocialFi. This term, a portmanteau of “Social” and “DeFi” (Decentralized Finance), represents a fusion of social media and decentralized finance principles, creating a novel ecosystem that promises to revolutionize the way we interact, collaborate, and transact online. SocialFi is more than
The concept of digital identity has become increasingly important in today’s world, where so much of our lives and transactions take place online. As we navigate the digital landscape, the question of how our identities are managed and controlled has come to the forefront. This article delves into the contrasting worlds of centralized and decentralized
In today’s digital age, our identities are intricately intertwined with the online world. From social media profiles to banking credentials, we constantly share sensitive personal information across various platforms and services. However, this centralized model of identity management poses significant risks, including data breaches, identity theft, and a lack of user control over personal data.