Blockchain and Crypto Blog

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DeFi Deep Dive – What is the bZx Protocol?

Written By Ivan on Tech

Nov 15, 2020

The bZx Protocol is a Ethereum-based DeFi lending protocol which users can borrow, lend, and margin trade without relying on third parties. In the past, margin traders had to use centralized exchanges (CEXs). And while decentralized exchanges (DEXs) can have vulnerabilities, CEXs have many weak points that can be exploited.

These potential CEX weak points include such things as hacks, looming regulation, insider impropriety, and just plain mismanagement of funds by people in positions of trust. As such, the bZx Protocol, among other things, seeks to offer margin trading in a truly decentralized fashion.

The bZx Protocol is just one of countless DeFi applications out there. If you want to learn more about the world of decentralized finance, cryptocurrencies or blockchain technology use cases in general, you should check out Ivan on Tech Academy! Ivan on Tech Academy is one of the largest online blockchain education platforms, and offers a wealth of crypto courses and in-depth...

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Silk Road, Ross Ulbricht and 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx

Written By Ivan on Tech

Nov 14, 2020

During the past week, there has been a lot of talk about a recent mysterious Bitcoin transaction of nearly 70,000 Bitcoins. As the Bitcoin price currently hovers around $16,000, that means that this single transaction was worth over one billion dollars. What’s more, the Bitcoin wallet behind this massive transaction supposedly had ties to Silk Road, the infamous digital black market platform closed down back in 2013. 

As such, Silk Road has suddenly gotten the news again roughly seven years after it was closed down, due to this massive Bitcoin transaction. Therefore, let’s take a closer look at the story of Silk Road, its creator Ross Ulbricht, and the billion-dollar Bitcoin transfer from the Bitcoin address 1HQ3Go3ggs8pFnXuHVHRytPCq5fGG8Hbhx that recently took place.  

This story showcases both the technical capabilities of Bitcoin transactions, as well as a fascinating look at the story of Silk Road. Learn all there is to know about Silk Road, Ross...

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Blockchain in The Energy Sector - Use Cases

Written By Ivan on Tech

Nov 13, 2020

As the conversation about clean and sustainable energy becomes ever more present, the use cases for blockchain in the energy sector are becoming more compelling than ever. As major energy providers across the globe transition from cheap, unsustainable, coal-based energy production, the increasing demands for efficient cryptocurrency mining present an interesting intersection between the two industries.

Blockchain technology - which is often seen as being nearly synonymous with the advent of Bitcoin - is a revolutionary process of mathematically verifying data and transactions, with increased security and transparency. This technology, although predominantly used in decentralized finance and fintech at the moment, has use cases that spread far and wide across the world, encompassing virtually all global industries. 

Consequently, the energy sector is no different. Blockchain technology has the chance to revolutionize the energy industry as we know it, allowing individuals to pay...

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What is Fundamental Analysis for Cryptocurrency? Analyzing Macro Factors

Written By Ivan on Tech

Nov 12, 2020

Keeping up to date and staying informed in crypto can be exceedingly difficult. Crypto never sleeps, so information is extremely time-sensitive and can come from many different sources you might not expect. Among other techniques, fundamental analysis is key to staying on top of the latest happenings in the crypto space. But what is fundamental analysis for cryptocurrency?

The average crypto trader spends a good portion of their day analyzing charts and patterns, waiting for trading signals, and buying and selling opportunities. Technical analysis is a key tool in observing market behavior in real-time and making judgments based on statistical probabilities. This is a double-edged sword, however, as many crypto investors and traders can become too myopic on the statistics, and fail to see what’s going on outside of the charts.

In this article, we’ll take a look at the broader factors that can have an effect on the sentiment in cryptocurrency markets and explore some of...

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DeFi Deep Dive - What is OpenZeppelin?

Written By Ivan on Tech

Nov 11, 2020

OpenZeppelin is a security operations platform with countless security best practice features already built into it. Specifically, it describes itself as an open-source framework for building secure smart contracts, meant to simplify the process of building smart contracts. Practically speaking, this means that smart contract developers on Ethereum can ship their products faster, whilst also minimizing security risks. 

Normally, these kinds of security features would have to be developed separately by each feature or company team. Moreover, there are no existing developer tools that allow them to collaboratively build, test and audit smart contracts. With the help of OpenZeppelin, developers can focus on deploying smart contracts instead of dealing with the extra hassle of building dedicated security tools.

Put simply, OpenZeppelin looks to act as a security audit for developers creating smart contracts, effectively reducing the risk associated with decentralized finance (DeFi)...

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Exploring PayPal and Bitcoin - The Evolution of Digital Payments

Written By Ivan on Tech

Nov 10, 2020

The past week has seen a lot of buzz concerning PayPal and Bitcoin. Although the two terms “Bitcoin” and “PayPal” might seem to be indirect competitors for digital payments, PayPal recently announced it would support crypto payments. As such, the advent of mainstream cryptocurrency adoption possibly just got a lot closer.

Nevertheless, at the same time, PayPal and Bitcoin are two very different solutions to digital services. True, the fact that a huge company like PayPal has decided to make this payment method available on its platform brings significant legitimacy to the cryptocurrency field in general. This might also result in even more rapidly growing interest in the crypto world, and more people might get involved. With that said, however, it can also be worth exploring the ways in which PayPal and Bitcoin differ from each other.

Although this article provides a comprehensive introduction to the ways cryptocurrencies such as Bitcoin differ from the...

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What is Crypto Arbitrage - Exploring Cryptocurrency Arbitrage

Written By Ivan on Tech

Nov 09, 2020

Arbitrage is the process of profiting between price discrepancies of assets between different markets. It is often used in FOREX trading and can be a profitable source of passive income when applied correctly. Crypto arbitrage is no different. In fact, the opportunities afforded by the innovation in the blockchain industry has propelled innovation within the space, using arbitrage in complex and nuanced ways.

The price of cryptocurrency on exchanges is set by the price of the most recent trade. As supply and demand fluctuate, so too do the prices of crypto assets. When prices of the same asset vary from one exchange to another, this creates an opportunity for crypto arbitrage.

Arbitrage is used across many different markets, particularly in local currency exchanges. This tool utilizes a small window of opportunity whereby traders have the chance to profit from time-sensitive variations or discrepancies during fluctuations in asset prices.

Fundamentally, arbitrage is about getting...

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Exploring Blockchain as a Service (BaaS)

Written By Ivan on Tech

Nov 08, 2020

As mainstream adoption of blockchain technology continues to accelerate, many businesses and organizations are looking for ways to implement blockchain into existing business models. However, many businesses feel they don’t have the time or the resources to start from the ground up. Blockchain as a service (BaaS) assists in creating tailor-made blockchain solutions for business enterprises that improve accountability and promotes transparency.

In this article, we look at some of the many reasons that businesses are rushing to adopt blockchain services and explore some of the projects providing these services and how they work. We’ll also explore some of the broader implications of enterprise adoption of blockchain and how this affects the industry and the cryptocurrency markets.

The use cases of blockchain technology within business are virtually endless. To get a better understanding of enterprise blockchain solutions, be sure to enroll in Ivan on Tech Academy. The...

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DeFi Deep Dive - What is Harvest Finance?

Written By Ivan on Tech

Nov 07, 2020

Harvest Finance is an automated yield farming protocol created for users looking to put their assets to work in high producing farming opportunities. Harvest will best appeal to those who can’t manage their decentralized finance (DeFi) positions 24/7 - which is most of us. 

If you’ve spent any time in DeFi, then you already know that manually moving funds around the various protocols takes time. Developing strategies and auditing positions takes time and the gas costs on the Ethereum network are high. 

Harvest Finance seeks to help with all of this by automatically searching out the newest DeFi platforms with the highest yield. It then optimizes yield with the latest farming techniques.

So, Harvest works best for those looking for a convenient way to harvest yield from the latest projects in DeFi. Hence the name, “Harvest.” To put funds to work in these high-yield farming opportunities, users just need to deposit supported tokens to get started.

As...

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How Is Cryptocurrency Used: Advantages of Crypto

Written By Ivan on Tech

Nov 06, 2020

Cryptocurrencies have evolved massively over the past decade. What was once perceived as a novelty or even a joke, is now at the forefront of technological innovation, pushing towards a new era in modern finance. But how is cryptocurrency used, and what are the advantages of crypto?

In this article, we explore some of the various innovative use cases for cryptocurrency, the advantages of adopting blockchain technology, and how it is implemented across various sectors. After reading it, you’ll know all about how cryptocurrency is used, and various advantages crypto presents over legacy technologies.

Are you new to the cryptocurrency sector? If so, we highly recommend that you check out Ivan on Tech Academy. The Academy is the best place to learn all about cryptocurrency, Bitcoin, blockchain and decentralized finance. We cover everything from crypto for beginners to advanced courses on Ethereum smart contract programming. Join today!

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