Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
The idea of blockchain technology has been around for longer than you might think. The concept of a blockchain system was born as early as 1991, but it was far from a working system. Moreover, this early prototype was far from what the technology entitles today. Since blockchain is both a complex type of technology and an attractive new industry, a way to understand it better is to enroll in a crypto academy.
First, however, a bit of backstory is necessary. It was not until 2008 that the technology gained traction and became a known phenomenon. Many consider the Bitcoin whitepaper, authored by the anonymous "Satoshi Nakamoto", the real "birth of the blockchain". It was actually due to Bitcoin that blockchain became more popular and spiked the business world's interest.
But still, some people are in the dark and have no idea of the technology, or have never heard about blockchain at all. Moreover, most of the people who have actually heard about blockchain do not...
The last few years have shown that blockchain technology is here to stay. Demand for blockchain developers are rising, causing the average blockchain developer salary to reach approximately $150,000 in 2020, and becoming a blockchain programmer is already proving to be one of the best ways to increase your software engineer salary.
As such, it is understandable that many are opening their eyes to the blockchain field. However, there is one crucial component to succeeding as a blockchain developer: a blockchain certification.
This might make many question what a blockchain certification is and why this is necessary. After all, degrees along with extensive work experience is often the traditional path to high-paying jobs. However, the blockchain field is different in several ways.
First and foremost, one needs to appreciate that the blockchain field is still a relatively nascent industry. Although it’s attracting top talent with the...
Some people consider Bitcoin the new gold of the digital era. This is because the two share some similarities, which some argue means that Bitcoin is the perfect supplement for gold. However, Bitcoin is strictly digital, while gold is purely analog, so are they really comparable? And is it accurate to call Bitcoin digital gold?
In this article, we compare the properties of gold and Bitcoin to determine if there are any similarities and if so, what they are. But to start off, we will first explain the properties of gold and the importance that this metal has on the global economy.
Historically, gold has been the measurement of wealth and value. Gold also plays a significant role in the economy and security of several currencies.
The gold standard is one example of this where a currency is tied to the value of gold. The gold standard was created during World War ll, where the value of the US dollar was tied to gold. This standard was later...
Ethereum is one of the most fascinating and impactful projects in the crypto space. By bringing in the idea of programmable blockchains, Ethereum pretty much ushered in the era of smart contract platforms. Now with Ethereum 2.0 just around the corner, let’s familiarize ourselves with Ethereum code.
What code is Ethereum written in? How to code Ethereum smart contracts? What are ERC-20 tokens? Let's answer all these questions in this guide.
Vitalik Buterin, a Russian-Canadian programming prodigy, first released the Ethereum whitepaper in 2013, describing it as a platform that can accommodate decentralized applications (Apps). Ethereum has a long list of co-founders and was coded using– Go, Rust, C#, C++, Java, and Python.
However, when learning about Ethereum code, this is not the main information that most developers are looking for. The truly fascinating aspect of...
One of the many fields of the economy that is ripe for disruption by the blockchain is the finance field. Virtually every part of the finance industry that traditional finance companies operate in is under threat from the blockchain. Over the last few months, the DeFi space market cap has risen dramatically, and this trend is set to continue over the coming years.
First of all, what is DeFi? DeFi stands for decentralized finance and refers to the ecosystem of financial applications built on the blockchain. This can be anything from decentralized exchanges to decentralized lending.
Projects such as Kyber Network (KNC) and 0x (ZRX) enable a decentralized and trustless exchange of tokens. Kyber “is an on-chain liquidity protocol that aggregates liquidity from a wide range of reserves, powering instant and secure token exchange in any decentralized application”. Their protocol can then be integrated into other applications such as websites or cryptocurrency...
If you have ever heard of cryptocurrencies such as Bitcoin, the chances are high that you have heard of blockchain as well. The rise of blockchain has spiked the business world's interest, and today, everyone is talking about this technology. But what is behind this technology, and which are the popular programming languages for blockchain?
Blockchain is mostly associated with cryptocurrencies, but the innovative potential does not stop there. Blockchain has proven to have great potential and can even revolutionize the whole economy, with everything from DeFi elements like decentralized exchanges to smart contracts.
The sudden interest in blockchain has created many startups and made big companies such as IBM engaged as well. The increase in interest has also created a rise in demand regarding developers for blockchain. Since the technology is reasonably new, there is also a deficit of programmers, which is creating problems.
While token prices in the crypto market have been sleepily drifting sideways, for the most part, decentralized finance (DeFi) has been pumping and is currently the most exciting place to be. And decentralized exchanges (DEXs) are part of that ecosystem.
A DEX, or decentralized exchange, is mainly a type of cryptocurrency exchange. It operates like a stock exchange, except it is run by a smart contract on the Ethereum blockchain that enforces rules and executes trades. Users can trade cryptocurrencies and DEXs do not require a centralized authority to operate, but they do need access to a reliable source of liquidity to service their users.
To better understand how they operate, let’s compare a DEX to a centralized exchange (CEX).
Financial exchanges are where users buy and sell financial assets. Traditionally, the CEX takes orders from buyers and sellers and takes custody of their assets. DEXs do the same thing but without...
Those keeping an eye on the cryptocurrency space will likely be familiar with the term “stock-to-flow model”. However, what exactly is this stock-to-flow model - and why is it important for the cryptocurrency industry as a whole? This article breaks down the stock to flow Bitcoin implications and why traders are getting so excited for stock-to-flow in the future.
First and foremost, we need to look at what the Bitcoin stock-to-flow model actually is. A stock-to-flow model, or S2F model, is a technical tool that traders traditionally use. As such, stock to flow Bitcoin use-cases are, in fact, relatively new. Other scarce assets such as gold routinely use a stock-to-flow model in order to calculate price changes.
Earlier this year, stock to flow Bitcoin models became popular, due to the then-approaching 2020 Bitcoin halving event. However, understanding the stock-to-flow model is essential even when there isn’t a Bitcoin halving event...
Smart contracts have pretty much become an integral part of the “blockchain offering” alongside cryptocurrencies. However, we are at a weird conjuncture wherein we are either overestimating or underestimating the real capabilities of smart contracts. In this article, let’s gain a clear perspective of what they are and how they can revolutionize different industries and sectors as we move towards the future. So, how do smart contracts work? Let’s begin with the basics.
How do you define contracts in the legal world?
Traditional contracts are human-readable, agreements between two parties. The agreements stated in the contract are a set of agreed-upon terms. Usually, one party needs to fulfill some tasks for the other party in exchange for a payment. A lawyer oversees this entire contract.
As you can imagine, this third-party acts as an obvious point-of-failure in the entire agreement. The only way that either of the...
The Dutch blockchain startup WordProof recently came in first in the European “Blockchains for Social Good” competition by the European Commission and won €1,000,000 as a result. This is yet another real-life success story showing how Ivan on Tech Academy helps people get ahead in the blockchain field.
Sebastiaan van der Lans is the founder of the Dutch company WordProof. WordProof is a blockchain startup that is looking to leverage blockchain technology in order to combat growing online problems such as widespread distrust, plagiarism and fake news.
More specifically, WordProof intends to timestamp content using blockchain technology. According to Sebastiaan himself, WordProof is “building a universal Timestamp Ecosystem, a global standard that gives consumers a method to verify the reliability of the content on the internet.”
WordPress was first launched by Sebastiaan van der Lans back in 2019, together...