In the complex and fast-paced realm of Decentralized Finance (DeFi), "blockchain bridges" have surfaced as a groundbreaking innovation. As a cornerstone of blockchain interoperability, these bridges represent an exciting shift in the landscape of DeFi. Here, we dissect the mechanics, benefits, challenges, and future of blockchain bridges in the world of decentralized finance. The Rise of Blockchain...
Turkey is developing a project of a digital centre for the population called e-Human. It is aimed at the training and employment of citizens The project allows you to improve your skills and find a job, including in public institutions Shortly, Turkey will host the first national blockchain summit. On the eve of this event,...
The blockchain network was developed to hold an interaction between participants without any central authority. The blockchain’s scaling problem arises because of the continuously growing number of nodes. Moreover, different factors are affecting the blockchain’s scalability. The Layer-1 and Layer-2 solutions could solve the blockchain’s scaling problem. Polygon Nodes are the Layer-2 solution for the Ethereum blockchain,...
Nigerian authorities sign agreement with Binance The Exchange will act as the main contractor for the construction of "Digital City" This is a virtual free economic zone Today, September 5, the Binance crypto exchange officially announced a partnership with the government of Nigeria. The company will commit itself to create a digital economic zone, which will lead...
There are only a few days left before the Ethereum merger. According to the latest data, the event will take place on September 14 at 02:08 Moscow time. In the cryptocurrency space, this is considered one of the most significant transformations in history. But it is worth noting that in two weeks the merger (The Merge) will take place...
Representatives of Bank of America (BofA) rejected the claim that blockchains do not carry any intrinsic value. In a new report, the organization noted that the leading networks provided massive commissions, which positively impacted the development of ecosystems. According to the company's experts, blockchains and internal applications created are of great importance and benefit developers and...
In 2022, the correction affected all areas of the digital market. Despite the decline in performance, the DeFi sector is not losing popularity. One of the drivers of decentralized finance is profitable farming. Investments in liquidity pools and lending platforms bring high returns - up to 4000% per year. Risk is limited by coin novelty and volatility. In 2018-2020 such platforms...
The protracted correction in the digital market does not affect the popularity of cryptocurrencies. As the number of users grows, the algorithms of top networks become more complex. This forces miners to increase their mining power. In Asics, hashing is performed by mining chips. Thanks to such microcircuits, the power of one ASIC is equivalent to the...
As of July 5, 2022, there are 2 methods of mining cryptocurrencies - according to the Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus algorithms. Mechanisms have many differences. However, the mining of digital assets by Proof-of-Stake is becoming more popular yearly. The efficiency of the consensus algorithm explains this fact. PoS mining is the extraction of digital assets by...
Cryptocurrency mining is a costly process. With the increasing complexity of top networks, mining costs have increased. In 2022, a home farm of 6 video cards will cost 300-500 thousand rubles. Therefore, developers began to think about more economical ways to mine digital coins. Mining on RAM is considered an alternative solution. In 2022, there is not yet a...
