Blockchain and Crypto Blog

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

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NFT Deep-Dive - What is Foundation?

Written By Ivan on Tech

Apr 21, 2021

Foundation, stylized as “Foundation.app”, is a platform for live auctions of digital art and NFTs. The platform features live bidding for various Foundation artworks, including the Edward Snowden NFT. Foundation is a simple and easy-to-navigate suite for NFT artists and digital art enthusiasts to participate in decentralized auctions for an array of creative pieces. Furthermore, this is achieved in a decentralized and transparent manner using the Ethereum public blockchain.

In this article, we’re going to explore Foundation and the digital art bought and sold on the platform. Also, we’ll discuss how non-fungible tokens (NFTs) are creating a new and exciting digital economy for artists, and why Foundation.app artworks and NFTs are becoming so popular!

To bid in auctions using Foundation, you’ll need to connect with a Web3 wallet, such as MetaMask. For readers new to the industry who have yet to purchase crypto or invest in non-fungible tokens (NFTs) we...

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NFT Deep-Dive - What is Immutable X?

Written By Ivan on Tech

Apr 19, 2021

Immutable X has made media headlines as the first Layer 2 protocol for non-fungible tokens (NFTs) on Ethereum. The project offers an NFT marketplace through the Immutable X Exchange and has implemented a novel NFT scaling solution to facilitate mass adoption of the platform. Immutable X offers zero-fee, instant trading which can be implemented for scalability in decentralized gaming, exchanges, marketplaces, and more! 

Alongside creating a layer 2 solution for NFTs, Immutable X also claims to be the first 100% carbon neutral NFT marketplace. This means no excess energy was wasted during the creation and transaction of the NFTs.

In this article, we’re going to discuss non-fungible token (NFT) scaling solutions and explore the Immutable X ecosystem. Also, we’ll explore the Immutable X Exchange (NFT marketplace) and the ability to mint and trade your own NFTs. Furthermore, we’ll look at why scaling solutions are needed for NFTs and what this could mean for the...

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NFT Deep-Dive - What is SuperRare?

Written By Ivan on Tech

Apr 17, 2021

SuperRare is a non-fungible token (NFT) marketplace and social network for tokenized digital art. Using the SuperRare NFT art platform, artists can issue limited edition SuperRare art pieces that can be traced on the blockchain to provide verifiable proof of history and prevent counterfeiting. With SuperRare, users can bid on artwork, and then resell it on the open market for a higher price. Furthermore, SuperRare allows users to create their own NFT marketplace, and display their art collections in virtual galleries!

In this article, we’re going to explore the SuperRare NFT Marketplace and discuss the innovative approach used to create and sell SuperRare art. Also, we’ll look at some of the unique pieces created using the SuperRare NFT art platform and what’s in store for the future of the project.

If you would like to gain a deeper understanding of the underlying technology behind non-fungible tokens on a fundamental level, be sure to check out our Blockchain...

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Exploring Elrond Network & Elrond eGOLD (EGLD)

Written By Ivan on Tech

Apr 15, 2021

The Elrond Network is a highly scalable, ultra-fast, and secure platform built for the creation of distributed applications. Using the native Elrond token (EGLD), the Elrond blockchain is creating innovative new use cases for “the new internet economy”. Since the Network’s mainnet launch in July 2020, the introduction of Elrond staking facilities and the Maiar application has brought about a huge wave of adoption to the platform. But, what is Elrond, and how does Elrond work? Well, we’re here to discuss just that!

In this article, we’re going to discover why the Elrond Network has seen a huge surge in popularity. We’ll take a look at the technology and operational infrastructure that makes the Elrond blockchain so competitive. Also, we’ll look at the various roles played within the network, and how the Elrond token (EGLD) fits into the Elrond ecosystem. Finally, we’ll discover what the Maiar application has to offer, and what’s...

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The Ultimate 2021 Guide to NEAR Protocol

Written By Ivan on Tech

Apr 14, 2021

NEAR Protocol is a next-level blockchain protocol designed for developers to swiftly deploy decentralized applications (dApps) with minimal effort required. Created with novel consensus algorithms and sharding protocols, NEAR Protocol has developed a smart contract-enabled blockchain that facilitates the creation of community-based dApps. Furthermore, the NEAR blockchain achieves this with substantially lower costs than that of the Ethereum network and faster transaction finality. Moreover, the NEAR Protocol Wallet gives NEAR token holders the opportunity to earn staking rewards. By locking up NEAR tokens, users can contribute to the security of the network by becoming a delegator or validator node. 

In this article, we’re going to explore the NEAR blockchain and the platform it provides for developers to quickly get their decentralized applications (dApps) to market. Also, we’ll explore the NEAR ecosystem and the apps that utilize the native NEAR token, including...

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What is StarkWare and STARKs?

Written By Ivan on Tech

Apr 13, 2021

StarkWare blockchain service improves scalability and privacy in blockchains using STARK technology which involves ZK-Starks, StarkEx, and StarkNet. Their contribution is much needed when it comes to fixing the high gas costs on Ethereum that plagues its users. You may already be familiar with SNARKs and ZK-SNARKs, but this article looks at StarkWare and STARKs, along with ZK-STARKs.

This article will look into the different aspects of StarkWare and its role in the Layer-2 solution game. But StarkWare isn't about quick bandaid solutions for Layer 2. They're in it for the long run and want their systems to be future-proof. That means finding ways to keep users' privacy intact with the ominous power of quantum computing looming on the horizon. Amongst everything else they're working on, Starkware seeks to be Post Quantum Secure. 

Regarding Layer 2 solutions, the ecosystem is rapidly moving through its adoption and innovation phase testing different solutions. Only the best will...

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What is Fantom and the FTM Token?

Written By Ivan on Tech

Apr 12, 2021

Fantom Foundation offers an all-in-one decentralized finance (DeFi) suite of applications, alongside enterprise-grade development tools for building individual blockchain networks. The Fantom token (FTM) has seen a substantial price rally during the past three months, as the Fantom network and its mainnet Opera Chain begin to gain adoption. This is achieved with the use of the multi-functional Fantom Wallet and the FTM token, offering users a convenient one-stop solution for different DeFi protocols. 

Moreover, the Fantom Foundation has had a long string of partnerships and integrations with the platform including The Afghanistan Ministry of Public Health, Royal Star Pharma, Chainlink, Ontology, and many other big-name projects. 

In this article, we’re going to dive deep into the Fantom Foundation ecosystem and explore the various decentralized applications (dApps) and protocols it offers. Moreover, we’ll discover how Opera Chain was created as a...

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What is TomoChain and the TOMO Coin?

Written By Ivan on Tech

Apr 11, 2021

TomoChain is a fully decentralized landscape for developers offering a range of software development kits (SDKs), and protocol applications, with a choice of public or private transaction storage. Powered by a Proof-of-Stake Voting consensus through the TomoChain Masternode network, TomoChain has partnered with Vietnam’s Ministry of Education, to secure, record, and validate graduation certificates and diplomas. Moreover, the TomoChain roadmap shows continuous development and progress for the TomoChain ecosystem. But, how does TomoChain work under the hood, and how does the TOMO coin ensure the network is decentralized?

In this article, we’re going to explore the TomoChain ecosystem and discover the variety of decentralized applications (dApps) within the infrastructure. Moreover, we’ll deep dive into the protocols of TomoChain, in addition to discovering the use cases of TOMO coin. We’ll also cover the roles and functions of the TomoChain Masternode network...

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The Ultimate Guide to the Ethereum Berlin Hard Fork and London Hard Fork

Written By Ivan on Tech

Apr 10, 2021

As the weeks roll by, we are getting closer to Ethereum’s major 2021 network upgrades. You may already have heard about either the Ethereum Berlin Hard Fork, scheduled for April, or the Ethereum London Hard Fork slated for July. In this article, we go through both of these Ethereum Network upgrades, along with the Ethereum Improvement Proposals (EIPs) that will be packaged with them. Read on for the ultimate guide to the Ethereum Berlin Hard Fork and the Ethereum London Hard Fork! 

First of all, why do Ethereum network upgrades even matter? Well, those searching for the latest news on Ethereum or an Ethereum price prediction 2021 will likely have seen mentions of either Ethereum’s London fork or Ethereum’s Berlin fork, both scheduled for 2021. Although network upgrades like these are relatively technical, they can still be important for Ethereum fundamentals. So, what do the upcoming two Ethereum hard forks entail? In this article, we explain everything...

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What is Acala and the ACA Token?

Written By Ivan on Tech

Apr 09, 2021

If you’ve ever come across Acala, you probably know it by the company’s tagline “The DeFi Hub of Polkadot”. Powered by the Acala token (ACA), the Acala network provides a range of cross-chain decentralized finance (DeFi) services through the Acala Mandala application. Also, Acala’s sister network ‘Karura’ and the native Karura token serves as an open-source and permissionless suite of decentralized finance applications (dApps) on the Kusama blockchain.

In this article, we’re going to dive deep into the Acala network and explore the various services the platform has to offer. We’ll also discuss the Acala token (ACA), and the role it plays within the Acala platform. Furthermore, we’ll explore the Acala Mandala platform, the Karura network, and much more!

If you’re unfamiliar with decentralized finance (DeFi), see our DeFi 101 course at Ivan on Tech Academy! Here, you’ll learn how the Digital Financial Stack...

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