Blockchain and Crypto Blog

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

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What's Next After Bitcoin's 2020 Bull Run - A Bitcoin Bull Run in 2021?

Written By Ivan on Tech

Dec 23, 2020

As you may already know, Bitcoin has recently smashed all-time-highs and is making a name for itself in a big way yet again. With more interest than ever before, Bitcoin bull run 2021 hype is arguably bigger than ever. Already, a massive influx of funds has entered the crypto space from several large net-worth individuals and institutions investing in cryptocurrency. Considering recent events, it is more important now than ever to understand how to protect your wealth. The upcoming bull run could change people's lives. Understanding how to navigate the market to maximize your profits is key to avoiding getting rekt.

In this article, we’ll recap Bitcoin history with bull runs and what it can tell us in anticipation of a potential 2021 Bitcoin bull run. Furthermore, we’ll explain some key differences between the previous Bitcoin bull runs and the most recent highs. Lastly, we’ll give you some advice on ways to protect your wealth when investing in...

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DeFi Deep Dive - Top DeFi Hacks of 2020

Written By Ivan on Tech

Dec 22, 2020

It’s no secret that the Decentralized Finance (DeFi) field has exploded in 2020. The year started with DeFi, claiming approximately $700 million in total value locked (TVL). However, that number has rapidly ballooned to $16 billion, according to DeFi Pulse. Unfortunately, new investors weren’t the only ones attracted by the big numbers. A fair share of hackers has climbed aboard to profit as well. 

With the DeFi industry still in its infancy and founders in a hurry to launch, it’s no surprise that they made some mistakes. However, some of the hacked protocols had gone through proper smart contract security audits and still got hacked. Alas, such are the risks associated with a nascent industry.

DeFi protocols are hardening and becoming more resilient, but 2020 was still a profitable year for hackers. In the first half of the year alone, DeFi hacks amassed over $51 million. Meanwhile, with half of December gone, that number has practically doubled to over $100...

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Which Could Be The Top Crypto Exchanges 2021?

Written By Ivan on Tech

Dec 21, 2020

If you’ve ever had to do with cryptocurrencies, odds are you’ve come across at least one cryptocurrency exchange. In fact, according to CoinGecko, there are 418 crypto exchanges available where users can buy and sell their cryptocurrency. That is an overwhelming amount to choose from, with some unregulated and scam exchanges lurking in the corners. We don’t want our readers to lose out in any way, so we’ve compiled a list of the top cryptocurrency accounts as we head into next year. Without any further ado, let us, therefore, take a look at the “top crypto exchanges 2021” to use when entering the crypto space or managing your crypto funds.

In this article, we’ll look at the largest and most popular crypto exchanges, often used by those who are new to crypto. Secondly, we have split the article into two parts, explaining the difference between centralized and decentralized exchanges and the benefits and drawbacks of both. We have listed the...

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Explaining the Bitcoin (BTC) 2020 All-Time High

Written By Ivan on Tech

Dec 20, 2020

The past week has seen a flurry of activity in the crypto markets. The price of Bitcoin has shot well past its previous all-time high (ATH), setting a new Bitcoin 2020 all-time high of $24,273. Additionally, Bitcoin’s previous all-time high record from 2017 has been shattered, with Bitcoin rallying past the psychologically important $20,000 barrier. This article breaks down the Bitcoin 2020 all-time high.

Anyone keeping an eye on the cryptocurrency markets will know that Bitcoin has been on a tear lately. What’s more, the price of Bitcoin is often seen as a bellwether of the wider cryptocurrency market. As such, Bitcoin’s recent bull run has not only proven that Bitcoin’s previous all-time high of $20,000 wasn’t a fluke, it is also an indicator of growing interest in the cryptocurrency market as a whole.

However, fully understanding the Bitcoin 2020 all-time high requires one to look at the history of Bitcoin, and previous all-time highs and bull runs....

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Talking About ETH Gas - Ethereum Gas Explained

Written By Ivan on Tech

Dec 19, 2020

If you’ve just entered the world of decentralized finance, you may be asking yourself: “What is Ethereum gas?” or “What is Gwei?”. Well, you’re not alone! Rarely is Ethereum gas explained to new users or understood properly. Gas is the fee paid to Ethereum nodes to mine transactions. Therefore, Ether gas price is the cost of an Ethereum transaction fee. This applies to any token transacted on the Ethereum network. The Ether gas price can fluctuate dramatically depending on network congestion. This is something that many newcomers fail to understand, and as a result, get "rekt" as a result.

In this article, we’re going to explain what happens when someone pays an Ethereum transaction fee. Also, we’ll explore the dynamics of Gwei and Ether gas price and the function it plays in the Ethereum ecosystem. 

Ethereum is the second-largest cryptocurrency following Bitcoin. Also, Ethereum is the backbone for decentralized finance, with over...

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DeFi Deep Dive - What is Akropolis?

Written By Ivan on Tech

Dec 18, 2020

Akropolis is a DeFi protocol on a mission to help its users grow their wealth safely without depending on a central authority or multiple intermediaries. They seek to accomplish their goals with their lending and savings product set, namely, Sparta, Delphi, and the AkropolisOS framework.

Sparta offers undercollateralized loans, which is unique in a space so overpopulated with overcollateralized loan offerings. Delphi is under development, and it is a pool that executes automatic dollar-cost averaging (DCA) into Bitcoin (BTC) and Ethereum (ETH). It targets those looking to diversify their long-term investment portfolio. 

Akropolis has also built a framework for creating for-profit decentralized autonomous organizations (DAOs) that works with a bonding curve mechanism. We’ll explore each of these in-depth in the next section.

First of all, however, you should look into the general fundamentals of DeFi. You’ve probably already heard of Ivan on Tech Academy, seeing as...

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Breaking Down Binance - What is Binance Launchpad?

Written By Ivan on Tech

Dec 17, 2020

 

Binance is the world’s largest Bitcoin exchange in terms of trading volume and is reportedly the fastest-growing profitable unicorn start-up in history. However, there is much more to the ecosystem than just the exchange. There have been several very successful projects that have launched their initial token issuance through the Binance Launchpad. With each launch, more projects are attracting the eyes of investors. 

In this article, we’ll explore how to access the Binance Launchpad from both a project and user perspective. We’ll take a look at previous projects, and what makes Binance Launchpad projects successful. Furthermore, we’ll explain the other aspects of the Binance ecosystem that projects can access when successful in the Launchpad program. 

It’s great to see we have readers interested in up-and-coming crypto projects! If you’d like to learn more about the basics of blockchain technology whilst you’re here, make...

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Solving Smart Contracts and Congested Networks

Written By Ivan on Tech

Dec 16, 2020

As much as the growing popularity of blockchain and smart contract platforms is good for the crypto industry, it also contributes to certain problems. Most notably, the demand for decentralized applications (dApps) and decentralized finance (DeFi) is at a crucial stage where it outweighs the ability to supply. A simple economic analysis of the supply and demand curve, therefore, results in a skewed equilibrium. The disruption between supply and demand, in turn, creates a situation where we see congested smart contract networks

As Ethereum is the biggest smart contract platform it is, perhaps, the most well-known network to experience the problems of a congested network. To run an application on the Ethereum blockchain, a dApp user needs to pay gas. Essentially, since there is not enough gas to drive the demand for DeFi and dApps, the price has skyrocketed. In this article, we are going to clarify the problem and explore some of the potential solutions to this problem.

Looking...

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9 Reasons Why Crypto and Blockchain Education Is Becoming So Important

Written By Ivan on Tech

Dec 15, 2020

So, say you’ve been trading crypto for a while and you want to improve your cryptocurrency education to increase your returns. Or, perhaps you’ve been hodling since the 2017 bull market and have finally decided to see what all the fuss is about to further your blockchain education. Well, you’ve come to the right place! Blockchain use cases have expanded across every industry. This heavily suggests there’s never been a better time to explore blockchain education courses!

Additionally, with the accelerating growth of crypto adoption, there is a lot to take into consideration when transferring your wealth. Gaining a foundation of cryptocurrency education will help you to understand the transition between the legacy and decentralized financial infrastructures. Recently, the IMF suggested a new ‘Bretton Woods’ style monetary renegotiation. Unfortunately this will affect the global population. The fact you’re here means you have an opportunity to...

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Exploring Crypto Insurance & Decentralized Insurance

Written By Ivan on Tech

Dec 14, 2020

Development within the blockchain industry keeps accelerating rapidly. The continued growth of decentralized finance has given birth to several innovative crypto insurance solutions aimed at protecting against smart contract failure and other technical issues that needlessly result in huge losses in DeFi. Furthermore, blockchain is being used to solve real-world problems by providing decentralized insurance to those that need it the most.

In this article, we shall explain exactly how blockchain in the insurance industry can be implemented, and the benefits of doing so. Alongside this, we will explore the different crypto and decentralized insurance policies that can be covered. Followed by a list of projects that are currently creating decentralized insurance protocols, that are live and are being used now!

If you’re reading this wondering ‘is it too late to get into cryptocurrency or blockchain?’, the answer is definitely not! The industry is still in the...

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