El Salvador set to make history by becoming the first country to adopt Bitcoin as legal tender
El Salvador, a country in Central America, is planning to introduce a ruling with an intent to emerge as the world’s very first sovereign government to approve bitcoin as legal tender, along side the U.S. dollar. The multi-day conference that took place in Minami in 2021 regarding bitcoin is recognized as the remarkable bitcoin event…
Top 10 Cryptocurrency Security Tips For 2019
While buying a cryptocurrency is one thing, storing it safely requires entirely different knowledge and skills as those possessed by crypto experts. Cryptocurrency security ideas are much needed for today’s world. Cryptocurrencies are based on cryptography. Cryptography, as we know, is the study of techniques for secure communication. It is highly impossible to hack a…
Messaging App LINE Launches Crypto Exchange for 80 Million Users
Messaging provider LINE launched a cryptocurrency exchange service days after the platform received final regulatory approval, for its 80 million users who are based in Japan. According to the statement issued, the service was introduced in stages from 3 p.m. Japan local time on Tuesday and is first available on Android devices. It can be…
Classifying A Cryptocurrency: Security Or Currency Or Asset?
Cryptocurrencies are a global phenomenon known to almost everyone. Today, it would be extremely difficult to find any major bank, a renowned accounting firm, a popular software company, or a government that has not researched or published a paper on cryptocurrencies or blockchain. But beyond this popularity, there are many consultants, scientists, and developers who…
Ethereum Classic Successfully Activates Atlantis Hard Fork
Ethereum Director of Developer Relations, Yaz Khoury, announced in a Twitter post about Ethereum Classic (ETC) activating the Atlantis hard fork. This has been possible due to the efforts of the team behind Ethereum Classic, which aims at improving the functionality and compatibility of the altcoin with Ethereum. Khoury congratulated the project with the development,…
Top 5 Effective Use Cases Of Blockchain In Virtual Reality
Virtual reality (VR) is expected to have an economic impact of $15.6 billion by 2020. Virtual reality is one technology which has stepped aside from the world of technology and entered new realms. It is a cutting edge form of technology which has crossed the barriers and made its way into various industry verticals. Providing…
Ethereum Tokens: ERC 20 vs. ERC 223 vs. ERC 777
Ethereum has risen to prominence as one of the main forces behind cryptocurrency adoption since its launch in 2015. Tokens represent a wide range of digital assets in the Ethereum system, including coupons, promissory notes, and even physical things. Smart contracts established on the Ethereum network are known as Ethereum tokens. What are ERC Token…
World’s First Blockchain-Enabled Smartphone To Soon Hit The Market
According to recent news reports the Bangladesh Telecommunication Regulatory Commission has approved the world’s purportedly first blockchain-enabled smartphone for import in August and it will be available for purchase in the Bangladeshi market in October. The smartphone, known as Finney, is a product of Switzerland-based Sirin Labs and it is credited with being the most…
U.S. Department of Energy Grants $200,000 To Factom
The U.S. Department of Energy (DOE) grants nearly $200,000 to Factom, the blockchain innovations company, to protect the national power grid. The project seeks to protect the security of millions of devices. The U.S.Department of Energy awarded the funds on July 12. The abstract read as follows: “Electric grids are quickly evolving with…
All You Need To Know About EOS
In simple terms, a blockchain is defined as a distributed database. Imagine a giant, global spreadsheet which runs on millions of computers. This is what gives it the quality of being a distributed database. A blockchain is an open-source as every participant on the blockchain can see what is going on and can also change…
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