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During a conference this week, Daniel Dăianu, member of the Board of the National Bank of Romania, made the statement that cryptocurrencies will never replace fiat money. The influential economist of the European Union said that "[c]ryptocurrencies will never be able to substitute the currency issued by a central bank". His reasoning is that currency "is always backed by a last-resort lender". How...
Let's see what is happening, when the government rise the minimal wage: Increased input, same output. But the people will spend it right? It is boosting the economy right? I mean, if somebody bought 1 bread, he would buy 5, right? The only thing what is going to happen that people will waste more money. If the riches are spend the same amount of money on luxuries or anything, it is boosting ...
Blockchain alone cannot solve the crisis that is currently plaguing the Venezuela. The reason for this is that no amount of technical and economic bolstering can fill the deficits created by a corrupt government. That being said, it is important to recognize that blockchain technology can be a big part of the solution to this crisis. I firmly believe that if the blockchain technology is used in a ...
I had a talk with multiple people about this topic, so i decided to quickly write an article about this. One of my friend was suprised: he bought a laptop 6 years ago, and he realized that new laptops still have almost the same specifications like before. This interesting phenomon reflects to the end of the era of notable computer hardware development. Maybe the title is a bit misleading, bu...
Poverty is an artificial creation. In fact, this is more artificial, than the plastic itself. First of all, you live better than kings and queens back then. Your opportunities is what people dreamed about all the time in history. If you travel back in time with a car and with some weapon, or just with some books, you can rule the world. So you have to compare yourself to a rich, just to know tha...
Seven years after the introduction of Satoshi Nakamoto's Bitcoin creation to the world. The Ethereum network has grown phenomenally through the years since its inception in 2015. The Ethereum cryptocurrency has been battling ripple these days for the second position in terms of market capitalization. It is considered to be the second most valuable cryptocurrency on the market second to Bitcoin.  ...
TCP/IP short for Transmission Control Protocol/Internet Protocol, is a suite of two protocols in one, mainly TCP and IP. It is used to interconnect network devices with each other on the internet.  The TCP part performs the handshake or connection between the network devices that will establish a socket. This socket will remain open during the duration of the communication. After this, the sourc...
In the Blockchain technology space, good consensus algorithms are not always easy to find. However, these algorithms are vital in order to ensure that the distributed ledger will run smoothly and as desired. The algorithms ensure the decentralization fundamentals are applied, we will share a few of these consensus methods with you below. The different types of Consensus Algorithm?  A consensus a...
This new field of financial technology has been moving in waves for years now, with some great developments ready to be applied. As the cryptocurrency industry grows in popularity, the need for defining and understanding the legal structures that affect them will become more relevant.  Cryptocurrencies in business will require good legal frameworks for projects as this technology grows. As a lot...
NAV coin in the cryptocurrency market The NAV coin cryptocurrency was based on the code of Bitcoin Core, with a few changes that were made onto the coin. The additional modification that was brought to this coin was a sub-chain that was added to the main blockchain.  This sub-chain is called the NavTech and it anonymizes transactions that are set on the NavCoin Blockchain. The NavCoin was laun...
The Introduction of SALT SALT Blockchain network allows for the lending of cryptocurrencies. The network is also a centralized platform, which enables users to borrow money against any of their crypto assets.  The platform does require more strict rules in order to provide lending services to its users. However, these services are only used and supported by customers in certain US states, the ...
The introduction of bitcoin back in 2008 was a solution to the banks, which had a huge impact on the global financial system that crippled the economy. We are still seeing the effects of those events today. Bitcoin brought a compact revolutionary technology to the global economy that is still being explored by banks and other financial institutions. The rise of Bitcoin, Ethereum, Ripple, and Dash ...
Stable coins are cryptocurrencies, which its values are backed by other assets such as gold or fiat currencies. There has been more and more of these cryptos that have been appearing on the markets. These stablecoins compete directly with the first and well-known stablecoin called Tether. We will go through some of the top stablecoins in the cryptocurrency market to date. 1. Tether (USDT) Th...
There was a project that was launched called Mars Blockchain, which is an enterprise blockchain development group. These announcements of the development groups have been the launch of the first stablecoin called the 1SG. This stablecoin is pegged to the Singapore dollar and is a blockchain asset that is quite popular on two crypto exchanges. The first of these is Kryptono Exchange and Top.one Exc...
The minging of cryptocurrencies have existed since the start of the bitcoin Blockchain network. Now the mining of cryptocurrencies like Ethereum, Bitcoin, Litecoin, dash, Zcash etc. have been very profitable throughout the years. In this article, we will look at the top 10 Ethereum minging pools of 2018. Number 1. Miningpoolhub The mining pool ensures that there is a hash rate of over 7.6 perc...
I though there isn't enough cover on the topic so here are just some of my thoughts and some analysis. Economic Innovation Satoshi Nakamoto's invention brought something that few people recognize, even in crypto space. The most prominent feature of bitcoin is it's limited supply. As someone who understands economy that's something that really blows minds. Imagine than one day, one of cryptocur...