Blockchain and Crypto Blog

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

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Introduction to DeFi Insurance and Nexus Mutual

Written By Ivan on Tech

Sep 13, 2020

Decentralized Finance (DeFi) is still all the rage in crypto these days. With more users onboarding from the traditional world of finance, it’s only natural they’d want to hedge some of their risks. That’s where DeFi insurance comes in. As such, this article takes a closer look at some options for decentralized insurance, such as Nexus Mutual.

Nevertheless, it can be worth prefacing this with the underlying raison d’être for Nexus Mutual. One of the biggest risks DeFi users face is with smart contract failures. Whether it be bugs or hacks, smart contract fails are a quick way to have your money disappear. Wouldn’t it be nice if there was a way to hedge that risk? Well, thanks to protocols like Nexus Mutual, now there is.

As always, if you are looking to get a more comprehensive introduction to DeFi, Ivan on Tech Academy should be your go-to option. Ivan on Tech Academy is rapidly becoming one of the premier global blockchain education platforms,...

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Bitcoin vs Ethereum: Which Crypto Is Best For You?

Written By Ivan on Tech

Sep 12, 2020

Many people new to the crypto field can be unsure about the differences between the two biggest cryptocurrencies on the market, Bitcoin and Ethereum. Those that have been in this space a while are beginning to wonder which crypto is the best cryptocurrency for them, as we could possibly be on the cusp of a new 2020/2021 bull run. Therefore, we feel that we should explore the fundamental distinctions between Bitcoin vs Ethereum, the history, and the pros and cons of each crypto asset.

This article breaks down all the major differences between Bitcoin vs Ethereum, and looks at their respective benefits and drawbacks. If you want to go even further into the weeds and learn everything there is to know about Bitcoin and Ethereum, Ivan on Tech Academy is perfect for you. Join over 20,000 existing blockchain alumni and get yourself a highly competitive blockchain education.

Bitcoin vs Ethereum Overview:

Below is a side-by-side table view of Bitcoin vs Ethereum from A to Z Markets.

If...

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Top Trends In Crypto: What To Watch In 2020

Written By Ivan on Tech

Sep 11, 2020

As you may know, the crypto industry is one of the fastest moving and most rapidly-expanding sectors in the world. Moreover, that brings announcements of new projects or partnerships practically on a daily basis. With so much going on, it can be hard to keep up. Nevertheless, this article breaks down some of the top trends in crypto in 2020, so you’ll know what to keep an eye out for.

For anyone new to cryptocurrency, plus those who are interested who are already in the market, we have broken down a list of the top trends in crypto to watch in the upcoming 2020 and 2021 market.

In this article, we discuss the biggest themes of the year so far and dive a little further into different trends that are beginning to flourish as we enter the third quarter of 2020.

After reading this you will have a deeper insight into the different sides of crypto and the many different services available in the space, alongside the knowledge and education of the top trends in crypto that many are...

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What is Polkadot - Polkadot and DOT Explained

Written By Ivan on Tech

Sep 10, 2020

Those who keep an eye on the cryptocurrency market will likely recently have become more aware of Polkadot and the DOT token. Polkadot made the news last week, by suddenly jumping into the Top 10 Cryptocurrency list - going by market capitalization - on CoinMarketCap. Polkadot is an ambitious project which seeks to lay the groundwork for a polychain Web3 future. To learn more about what that means and what the Polkadot coin represents, read on! 

Polkadot was created by Gavin Wood in an attempt to design a more evolved version of Ethereum, which would be interoperable with the existing independent, isolated blockchains such as Ethereum and Bitcoin. In August 2019, Polkadot launched an experimental and unaudited version of its platform known as “Kusama.” Polkadot will launch its genesis block during 2020 with one relay chain and launch several parachains soon afterward, eventually ramping up to 100 parachains.

So, what exactly is the Polkadot token? Why are people...

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Trends in Crypto in 2020 - What Is Happening?

Written By Ivan on Tech

Sep 09, 2020

Anyone keeping an eye on cryptocurrencies and blockchain will know that the industry is currently hotter than ever before. However, as crypto is such a sprawling field - which can sometimes be hard to get an overview of for the casual observer - it can be beneficial to take a birds-eye view of this burgeoning industry.

In the following article, we are going to take a closer look at some of the top trends that define the crypto and blockchain space in 2020. If you want to learn even more, feel free to enroll in Ivan on Tech Academy - one of the leading blockchain education platforms available. With all the new trends and ideas emerging in the crypto space, there has never been a better time to get into blockchain!

Top Trends in Crypto in 2020

The cryptocurrency industry is one of the most fast-paced, ever-changing fields in the world. Although this might sound daunting at first, this dynamic environment presents a wealth of opportunities. Whether you are completely new to...

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Can You Retire With Bitcoin? How To Store Your Wealth Over Time

Written By Ivan on Tech

Sep 08, 2020

With recent uncertainty in the media about the stock market and gold prices, rumors of an upcoming crash, the worst since The Great Depression, and money being printed in the trillions, more and more, people are looking at options to retire with Bitcoin

In this article, we breakdown the basics of how and why people would choose to retire with Bitcoin and the safest ways of doing so.

U.S. Debt Clock

The U.S. Debt Clock is a website that displays a breakdown of real-time debt and liabilities of the United States of America, different departments, and averages of the amount of debt per citizen and per taxpayer.

The debt is split between 'government' debt, approximately $7 trillion, and 'public' debt, which is around $19 trillion.

At the time of writing, the total debt amounts to more than $26.5 trillion, increasing by $1 million approximately every 20 seconds.

To put this into perspective, 1 million seconds ago was 11 days, 13 hours 46 minutes, and 40 seconds. 1 billion seconds ago is...

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DeFi Deep Dive - What Is Weird Decentralized Finance?

Written By Ivan on Tech

Sep 07, 2020

To the outsider, decentralized finance (DeFi) sounds weird enough by itself. Now try and imagine a new sector of DeFi called, “Weird DeFi.” “Weird” is probably the best description for it because it’s hard to tell exactly what’s going on under the hood with these new protocols. 

Before we get into the specifics though, let’s travel back in time. It was only a short while ago when DeFi was motoring along like a tugboat making steady gains against the waves or market resistance. Then on June 15th, Compound came along with their governance token, COMP, and the speed boat of Yield Farming was unleashed.  

Yield Farming

Yield farming gave DeFi users even more incentives to participate in a platform offering governance tokens. This afforded users voting rights, along with the normal profit potential expected on other DeFi platforms. In fact, there is a pre-COMP / post-COMP dividing line in DeFi if you think about it. 

If...

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Blockchain Technology in Practice: Top 10 Blockchain Use Cases

Written By Ivan on Tech

Sep 06, 2020

Many analysts believe blockchain technology may represent a paradigm shift akin to the introduction of the internet. When all is said and done, blockchain technology may end up becoming the greatest invention of the 21st century. However, despite its numerous use-cases, many still believe that blockchain equals bitcoin. We don’t know about you, but that doesn’t sit right with us. So, in this guide, we will be looking into some top 10 blockchain use cases. These are all use cases that show that blockchain technology applications lie far beyond merely powering a monetary system.

What are the use cases for blockchain?

To preface and more properly understand these use cases, let’s first revisit the three main properties of blockchain technology. 

  • Decentralization: One entity doesn't control the data inside the blockchain. In other words, blockchains don’t have a centralized governing body running in the background calling all the shots. The blockchain is...
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Holding Cryptocurrencies - What is Hodling?

Written By Ivan on Tech

Sep 06, 2020

Cryptocurrencies are growing bigger and bigger by the day, and it is more popular than ever before to trade in these virtual currencies. The most well-known cryptocurrency out there is Bitcoin. Bitcoin was the trigger that started the cryptocurrency trend, and it is common to associate crypto with Bitcoin. The increase in interest also results in new creative strategies such as, for example, hodling. 

The value of Bitcoin is continually changing, but the increase in value since its inception is quite staggering. In the beginning, a single Bitcoin was worth next to nothing, and at one point in 2017, the value reached almost $20,000. Following this, the value of Bitcoin has continued to hover around levels previously inconceivable.

The value of a Bitcoin was approximately $11,714 in the past week, which means the value has almost halved since 2017. Since this, Bitcoin has taken a minor tumble towards levels below the $11,000 line. However, if we look at Bitcoin's price...

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Blockchain In Supply Chain Management: 7 Projects Working Toward A Decentralized Future

Written By Ivan on Tech

Sep 05, 2020

In 2020, the cryptocurrency narrative has been dominated by decentralized finance. The hottest trend in crypto has seen exponential growth in recent months and has been a catalyst for a wave of innovation in the space.

For many, the conversation has largely focused on lending, borrowing, liquidity mining, arbitrage, and token swaps, but the use of blockchain in supply chain management is increasing across many sectors. 

The explosion of value locked in Eth has caused a great deal of network congestion and many are beginning to realize that the current framework for Defi is not yet ready to be scaled.

While Defi certainly appears to be a primary factor for growth and development in crypto, the limitations of the infrastructure could mean that further developments are required to see the mass adoption of open finance protocols to the extent that the technology truly competes with the legacy financial system. 

That is not to say that Defi won’t challenge traditional...

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