Similar and different at the same time.
Smart contracts are if-else clauses that work if all the conditions are met. To illustrate an example, vending machines could be given as an example. Let’s think about a vending machine: to get the product, you need to enter the number of the product and pay for it to obtain the product. If you pay the right amount, it’ll give you the product right away. If you don’t give a sufficient amount, the machine requires you to put the funds unless it’s been fully paid. If you pay the machine more than the…
Hybrid blockchain solution for corporate entities.
LTO Network is a hybrid blockchain to secure, verify and exchange critical information. Therefore, corporations can control what kind of people have access to various levels of information.
Most blockchain networks are either public or permissioned networks. Even though both networks separately benefit various user bases, some processes can’t be made without private or public features on a blockchain network. Hybrid blockchain networks have a combination of public and private networks. While some networks have been designed for public participation, access to data has been tiered according to the hierarchical needs of an entity…
Main liquidity provider for cryptocurrency markets.
Tether is a US dollar-pegged stablecoin. It is the first stablecoin to be driven to market by Tether Limited and its partner company Bitfinex. Tether has a dollar-backed stablecoin (USDT) and a gold-backed stablecoin (XAUT).
Tether USD (USDT) is a dollar-pegged stablecoin being minted by Tether Limited. These stablecoins have supposed to have a 1:1 ratio on dollar reserves. However, they tend to break this ratio depending on the market demand. Still, Tether generally distorts the reserve ratio of 1:1.
Tether Gold (XAUT) is a gold pegged stablecoin being minted by Tether Limited. Its…
The basic concept of economics with examples including cryptocurrencies.
If you’ve ever encountered economics courses, the first thing being taught is the law of supply and demand. Now, we’ll discuss the law of supply and demand with examples.
There are two ways to study this law: the law of supply and the law of demand interacts to determine market prices and the volume of all the goods and services in the market.
The law of supply and demand is required to understand the whole concept of economics and to study cryptocurrency markets.
In economics, when the supply increases, prices get…
The most commonly used type of cryptocurrencies.
Since the invention of stablecoins, cryptocurrencies have enjoyed considerable attention and alternative liquidity alongside more investment opportunities. In this section, we’ll explore what stablecoins are and how they affect the life of regular individuals.
Stablecoins are cryptocurrencies that are pegged to a specific asset. In other words, stablecoins can only have the market value of their asset class. They’re divided into four categories: fiat-based, commodity-based, crypto-based, and non-collateralized stablecoins.
Stablecoins occurred because there was too much volatility in the crypto market. Therefore, investors had a hard time providing liquidity in terms of their…
Complicated matters that could have massive implications on the global economy.
Since Bitcoin (BTC) was launched into the market, many cryptocurrency enthusiasts argue that Bitcoin is the best alternative to the reserve currency. Especially when we think about the disastrous implications of infinite money printing, Bitcoin and various cryptocurrencies could be used to protect the value of local currencies. Here, we’ll have a look at whether cryptocurrencies could become reserve currencies and what kind of cryptocurrencies could be reserve currencies for central banks.
Before we get into the topic, let’s have a discussion about the definitions of Money and reserve…
Ethereum 2.0 is coming out of the horizon. Can they solve scalability and gas fee issues?
Ethereum 2.0 was an improvement proposal to solve issues on Ethereum. These issues include scalability and gas fees. When they struck, most applications resorted to other platforms for scaling solutions and to save from gas fees. Here are the details on what happens on Ethereum.
When Ethereum was launched at the market, it was a much-needed platform to build applications on the blockchain. However, its design included a gas fee that goes towards all the miners as an incentive. As a result, miners raised…
Allowing to interact with multiple platforms with bridges, parachains, and other features available for interoperability.
Since Ethereum became life, many people had the opportunity to interact with networks. But, the public nature of ethereum and ever-increasing gas fees has led to other platforms being introduced. However, there was a problem: these platforms couldn’t interact with each other. As a result, various solutions were implemented under multichain networks. Here are the details.
When Polkadot’s white paper was published, they stated that Ethereum’s gas fees became too high and scalability was not possible in the network. So, a public network where it…
It depends on what you want to do.
At all markets, profits should be taken when possible unless you invest in the long-term.
In crypto markets, a profit margin should be decided, and profits should be taken when the target is reached. After taking profits, you shouldn’t even look back. Here, we’ll discuss what to do with your crypto profits.
To make profits, you have to decide how much you’re going to invest and which percentage you’ll take your profits. As soon as you took the profits, the money has to be transferred to your bank account. The money you…
An overview of developing a blockchain product.
Most people think that developers actually create the product. But, there are lots of back scenes where product managers and executives discuss the features. As product managers discuss features with executives, both parties reach for a consensus and the specifics were launched to the product development team.
The first step is to discuss the market, features, and supply in a blockchain network. Then, you have to decide which platform would be best to support these features. After decision-making, you have to define other specifics.
After the platform is chosen, you have to start…