Blockchain and Crypto Blog

Ivan on Tech Academy provides latest insights and reports about the blockchain industry.

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Exploring Ren Virtual Machine (RenVM)

Written By Ivan on Tech

Oct 30, 2020

The simplest way to describe Ren is that it’s a decentralized interoperability protocol. What it means for decentralized finance (DeFi) is that permission-less value transfers between blockchains can now take place. This is huge where the subject of liquidity is concerned because Bitcoin hodlers can move their BTC over to the Ethereum blockchain to participate in things like DeFi.  

Ren is a unique project that seeks to create a decentralized exchange (DEX). Sure, there are plenty of DEXs out there (and we’ve covered many in previous articles), but what makes Ren unique is that it is both private and interoperable. 

With Ren, users can exchange crypto assets on different chains without the need for an intermediary. So, by cutting out the middleman, users can save money in reduced fees without having to trust a central authority to take custody of their assets throughout the process.

Ivan on Tech Academy is the best place to learn about exciting DeFi...

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How Blockchain Is Rebuilding The Global Economy

Written By Ivan on Tech

Oct 29, 2020

The global economic landscape is changing, and this has only been expedited by economic turbulence caused by the recent pandemic. Digital payments have already replaced cash in many countries, and while central banks across the world debate the implication of Central Bank Digital Currencies, it is becoming clear how blockchain is rebuilding the global economy.

In this article, we discuss how blockchain technology is playing a pivotal role in reestablishing the current global financial infrastructure. We’ll also take a look at some of the most exciting use cases for blockchain technology that are helping to redefine how we transact with each other and how we view money.

As followers of the blog will know, we have already discussed COVID-19 and crypto, and the implications of the ongoing pandemic on the cryptocurrency sector. However, on a much larger scale, blockchain technology and crypto can potentially help rebuild the global economy, as the “fourth industrial...

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COVID-19 & Crypto - The Pandemic's Impact on Cryptocurrency

Written By Ivan on Tech

Oct 28, 2020

Does the COVID-19 coronavirus pandemic affect cryptocurrency in any way? In this age of information, it can sometimes be difficult to determine what is true and what is not. The rise of “fake news”, coupled with extreme economic uncertainty is distorting our perception of reality and changing the fabric of our lives. Throughout mainstream media, there is an abundance of misinformation and misrepresentation of facts, with much of the conversation in the news falling short of any substantial discussion.

What we do know, however, is that a deadly virus has spread across the planet, already killed an estimated 1.16 million people and bringing the global economy to a standstill. The long-term implications of the COVID-19 pandemic are chilling, but the damage to society and the global economy are not openly discussed as governments and central banks quietly try to print their way out of economic disaster.

Though people are free to socialize now, businesses have closed down,...

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DeFi Deep Dive - What is Injective Protocol (INJ)?

Written By Ivan on Tech

Oct 27, 2020

The launch of the Injective Protocol has caused a wave of headlines and speculative video content across the crypto ecosystem. The project appears to have solid foundations with a credible team of developers and advisors, who have previously worked in large tech or other blockchain projects. The whitepaper for Injective Protocol was released in December 2018, avoiding the ICO hype, successfully receiving funding from venture capital firms, other DeFi platforms, and a public IEO through the Binance Launchpad. 

The Injective Protocol team has been busy developing the latest tweaks and updates to ensure quality efficiency with the protocol, evident from the history of activity on their Github profile. Injective Protocol is the first successful project that has been developed and launched through both the Binance Labs and Binance Launchpad. So, what is it that makes Injective Protocol more than just another DEX?

In this article, we’ll explain how the protocol works, the token...

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Binance Chain and Binance Smart Chain - Exploring the Binance Ecosystem

Written By Ivan on Tech

Oct 26, 2020

Binance is often referred to as the world's number one crypto exchange platform in terms of trading volume, however, this crypto giant offers far more than their reputable centralized exchange. Binance has created its own blockchains; decentralized exchange, charity and funding schemes, education academy, Trust Wallet, alongside research monitoring the latest innovations and market analysis within the crypto industry.

In this article, we dive deeper into the services offered by Binance, explain how the protocols work, and the different ways to get involved in cryptocurrency through various platforms in the Binance ecosystem. Firstly, we'll explain the blockchain foundations of Binance and their most recent community update.

If you want some background to Binance, Binance Chain and the entirety of the Binance ecosystem, you should enroll in Ivan on Tech Academy. Ivan on Tech Academy provides you with a wealth of both basic and advanced blockchain information, as well as pedagogic ...

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Exploring Central Bank Digital Currencies (CBDCs) - What is CBDC?

Written By Ivan on Tech

Oct 25, 2020

Cryptocurrencies have become increasingly commonplace over the past few years. Ever since Bitcoin’s dramatic price rally during late 2017, the notion of crypto and digital currency has become widespread all over the world. However, the cryptocurrency sector is not the only example of digital currency. Central banks are waking up to some of the advantages offered by cryptocurrency and are instead looking into the Central Bank Digital Currency (CBDC) field. So far, traditional central banks have printed physical fiat currencies, and banks have provided financial services to consumers.

However, the advent of cryptocurrencies threatens to upend this traditional notion of both currencies and financial services. On the one hand, cryptocurrencies such as Bitcoin allow for virtually immediate international transfers of funds, which is far faster than traditional financial transactions and available at a fraction of the cost. Moreover, the oft-cited decentralized finance (DeFi) field...

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What is Wrapped Bitcoin (WBTC)?

Written By Ivan on Tech

Oct 24, 2020

Wrapped Bitcoin (WBTC) is an ERC-20 token with a 1:1 peg to Bitcoin. This means that users can seamlessly convert their Bitcoin tokens to a wrapped version and use them on the Ethereum blockchain. In essence, WBTC succeeds in bringing the liquidity of Bitcoin over to the Ethereum network. So, why should you care? Well, if you’re a Bitcoin hodler, you can now put your BTC to work on Ethereum in places like decentralized finance (DeFi). 

Being fully ERC-20 compliant means that WBTC can be integrated into decentralized exchanges (DEXs), lending protocols, prediction markets, and other decentralized applications (dApps). And since its value stays pegged to Bitcoin at all times, traditional Bitcoiners will no longer have to sell their stake for an unknown ERC-20 token that is prone to fluctuate. 

The cryptocurrency sector is full of different coins, terms and concepts that can seem strange to a layman. However, there is no need to fret! Ivan on Tech Academy acts as your...

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Blockchain in Fashion - 8 Reasons Blockchain in the Fashion Industry Will Take Off

Written By Ivan on Tech

Oct 23, 2020

The fashion industry, and in particular, luxury brands, were famously late to the party when it came to the rapid growth of e-commerce and internet shopping. However, it appears they may be getting ahead of the game with the introduction of blockchain. So, what is blockchain? And why is blockchain adoption in the fashion industry a good thing?

In this article, we cover the luxury designers to high-street brands with their latest blockchain projects for clothes, shoes, perfume, and accessories. The world is being pushed to more of an e-commerce-centric shopping experience, with more businesses than ever setting up online.

We will explore how blockchain can help increase the efficiency and accounting of every consumer transaction, while also helping with provenance, ownership, and increase the digital shopping experience for both consumers and brands.

Nevertheless, blockchain technology in the fashion industry is just one of the countless examples of how blockchain can supercharge...

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DeFi Deep Dive - Zapping into DeFi with Zapper.fi

Written By Ivan on Tech

Oct 22, 2020

Zapper.fi is an interesting platform that lets you quickly and easily deploy and manage your DeFi positions within a single interface. With all the complexities involved with multiple yield farming positions, wouldn’t it be nice to manage your portfolio in one dashboard? That’s what Zapper.fi does. It is a DeFi portfolio management dashboard that helps you stay on top of your portfolio, liquidity pools, and liquidity mining positions.

The DeFi sector is arguably hotter than ever, and Zapper Finance (stylized as Zapper.fi, and is the result of a merger between the grassroots projects DeFiZap and DeFiSnap) is another DeFi asset management platform.

Those who really want to get into DeFi, however, should start off by enrolling in Ivan on Tech Academy. Ivan on Tech Academy is the go-to platform for all things blockchain, cryptocurrency and DeFi related. What’s more, right now you can get a special discount by enrolling with the code BLOG20, which will give you 20% off....

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Ethereum Courses: Why You Should Learn Solidity and Ethereum

Written By Ivan on Tech

Oct 21, 2020

If you’ve already come this far, chances are you’re looking to improve your personal or career opportunities, and perhaps wondering whether to dip your toes into one of the latest technological developments - blockchain technology. Although blockchain is often seen as being synonymous with the largest cryptocurrency Bitcoin, the blockchain ecosystem would not be what it is today if it wasn’t for the Ethereum blockchain. This is why we’ve compiled this article, explaining the ins and outs of learning Ethereum, Ethereum courses, and Solidity. If you’re looking to learn Solidity, it is an opportunity that could change your life for the better, forever. 

First and foremost, you should congratulate yourself for being interested in this technology today, whilst we are still in the early phases of crypto and blockchain adoption. By reading this guide, you are giving yourself an advantage in getting ahead of the curve, and potentially becoming an expert in...

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