Blockchain and Crypto Blog

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

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The Ultimate Guide to Klaytn and the KLAY Token

Written By Ivan on Tech

Apr 06, 2021

Klaytn is a blockchain service provider aimed at integrating blockchain solutions into legacy business infrastructures. Powered by the native KLAY token, the Klaytn blockchain provides a user-friendly environment for businesses to build and deploy blockchain applications (BApps) with minimal fees. Klaytn provides all the tools needed to get enterprise-ready blockchain applications into production quickly. Also, the announcement of the Samsung KlaytnPhone integration is coupled with several partnerships with major companies looking to harness the power of blockchain for the first time. Moreover, Klaytn aims to make the mass adoption of blockchain technology as simple as possible. This is achieved by providing the tools and resources required for businesses to easily integrate blockchain applications and services. Also, Klaytn has introduced Klaytn Wallet to easily navigate the Klaytn network, alongside various other wallets and apps.

In this article, we’re going to explore the...

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Exploring Optimism’s Optimistic Virtual Machine (OVM)

Written By Ivan on Tech

Apr 04, 2021

Optimism’s Optimistic Virtual Machine (OVM) potentially represents a monumental leap forward for Layer 2 solutions. In this article, we’ll take a closer look at what Layer 2 solutions are, why they’re so important, and why Optimism and their Optimistic Virtual Machine could constitute such an important breakthrough for Ethereum. In essence, the OVM environment theoretically allows developers to move their smart contracts onto this quicker and less expensive solution with only a few lines of code. 

That's good news for anyone involved in Ethereum. But before we get into everything it does, let's look at why the Optimistic Virtual Machine (OVM) is even necessary.

First off, there has never been more usage and excitement surrounding Ethereum than at this moment in its history. Cumulative transaction fees surpassed Bitcoin in 2020, Ethereum gas fees have seen historic highs recently, and presently, Ethereum is on top regarding daily transaction fee revenue. Even ...

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What is Siacoin and the Sia Blockchain?

Written By Ivan on Tech

Apr 03, 2021

Sia is a decentralized blockchain-based cloud storage network. Using underutilized hard drive storage space, the Sia Storage Platform has created a marketplace for data storage. This provides higher levels of reliability than centralized alternatives. Furthermore, this comes at a much lower cost and is more reliable than centralized cloud storage platforms. As Sia users hold their own private keys, no outside entity can access user data held on the Sia blockchain. Moreover, Sia helps to prevent hacking and censorship by providing a tamper-proof system for data storage. The Sia blockchain is powered by the native Siacoin, which is used for renting out hard hard drive space. Also, Sia has recently introduced the Skynet content delivery network (CDN). This enables developers to build decentralized applications (dApps) that integrate seamlessly with the Sia blockchain.

In this article, we’ll dive deep into the Sia network ecosystem and discover how the blockchain works on a...

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Exploring the Worldwide Asset eXchange (WAX)

Written By Ivan on Tech

Apr 01, 2021

The WAX blockchain is the brainchild of the Worldwide Asset eXchange, and is dedicated to the creation, selling, and trading of non-fungible tokens (NFTs). WAX is also behind the WAX Advisory Council, featuring members from multi-billion dollar companies and global gaming brands. Using an innovative tokenomic model, WAX creates incentives for all WAX token holders within the community, with the potential to use the WAX Protocol Token (WAXP) to earn a passive income. Also, WAX blockchain offers simple development options to design and deploy decentralized applications (dApps). Some of these dApps include decentralized marketplaces and NFT creators for users to mint their own WAX NFTs. 

In this article, we’re going to dive deep into The Worldwide Asset eXchange (WAX) ecosystem. We’ll be exploring how WAX blockchain is implementing developments to cater to mass adoption. Moreover, we’ll look at the WAX tokenomic structure, the different WAX tokens and functions...

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What is WABI and the WABI Token?

Written By Ivan on Tech

Mar 31, 2021

WABI seeks to facilitate a fair transfer of value between brands and consumers across the fast-moving consumer goods (FMCG) industry. This enables brands to save money on marketing while rewarding consumers for participation. The WABI ecosystem connects brands with consumers to create a win-win scenario that is changing spending habits and consumer behavior. With WABI and the Taeltech platform, not only does user participation provide useful insights for brands, but it also rewards consumers with WABI tokens. This mutually-beneficial cycle is at the core of the WABI ecosystem and is proving to be a successful solution for incentivizing consumers to participate. Furthermore, users can earn WABI token rewards simply by scanning barcodes, filling out surveys, scanning labels, and referring new customers.

In this article, we’re going to explore the WABI ecosystem and why so many brands are getting involved. Also, we’ll discuss the WABI token, and the role it plays within the...

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Exploring Tendermint and Tendermint Core

Written By Ivan on Tech

Mar 30, 2021

You may already have heard about Tendermint and Tendermint Core in relation to the Cosmos network, or if you’ve kept close watch on the cryptocurrency market. In essence, Tendermint looks to offer an open-source alternative for launching blockchains. What’s more, Tendermint Core is the self-proclaimed leading "Byzantine Fault Tolerant" middleware when it comes to building blockchains. It works in coordination with Cosmos and is advantageous for developers because they can write their applications in any language.

Now, we realize the first paragraph alone raises lots of questions. For instance, what is Byzantine Fault Tolerance? What is Cosmos? And if you're new to all of this, you might even be wondering what a blockchain is? Don't worry. We'll cover it all.

If you want to learn even more about various different blockchains and the cryptocurrency industry, you should enroll in Ivan on Tech Academy! The Ivan on Tech Academy blog offers daily in-depth articles...

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Exploring Parity Technologies' Substrate

Written By Ivan on Tech

Mar 29, 2021

As of 2021, Bitcoin and cryptocurrencies more broadly have become well-known phenomenons throughout the world. Furthermore, the use of such virtual currencies is growing rapidly as people become increasingly interested in cryptocurrency and blockchain. Along with this heightened interest in crypto, the amount of investments is growing at a similar pace. Blockchain is the technology underpinning cryptocurrencies and which makes them possible. As awareness and adoption of crypto grows, cross-industrial demand for blockchain follows. However, even though most people have heard of blockchain, most of them are unaware of how it actually works and how to build one. Creating a fully functioning blockchain can be challenging and time-demanding. One of the initiatives trying to solve this is Parity Technologies’ Substrate. 

In short, Substrate is a framework of modules that enables developers to create purpose-built blockchains, by combining pre-built or custom modules....

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What is My Neighbor Alice and the ALICE Token?

Written By Ivan on Tech

Mar 28, 2021

My Neighbor Alice has recently seen a fresh surge of interest, along with an increased presence on various social media platforms. Also, the ALICE token has been trending on CoinGecko and promoted across several Binance marketing campaigns. Decentralized gaming has become more prevalent following the rise in popularity of non-fungible tokens (NFTs). But, why has My Neighbor Alice gone viral in the crypto community, and, what is My Neighbor Alice doing to attract and maintain so many users? 

In this article, we’re going to explore My Neighbor Alice and discover what the ‘Alice’ World has to offer. Moreover, we’ll look at the functions and use cases of the ALICE token, and how My Neighbor Alice is introducing innovative ways to make a passive income with crypto. 

To discover how My Neighbor Alice works on an atomic level, see our Blockchain & Bitcoin 101 course at Ivan on Tech Academy. Here you’ll learn about how blockchain technology...

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What is ConsenSys? - The Ultimate Guide

Written By Ivan on Tech

Mar 27, 2021

ConsenSys has played a pivotal role in the development of blockchain technology. Founder, Joseph Lubin has extensive experience of blockchain development and was crucial to the evolution of decentralized finance (DeFi). ConsenSys has founded many successful applications, including the popular MetaMask extension. Also, ConsenSys offers auditing with ConsenSys Diligence and development services for enterprises through ConsenSys Codefi. The company is incredibly influential in the blockchain industry. As such, it has developed a strong reputation for developing innovative tools and applications for enterprise from design to deployment. 

In this article, we’ll explore the background and history of ConsenSys to gain an understanding of the company. Also, we’re going to look at the different products and services on offer, such as the MetaMask extension, and Consensys Diligence, and how these can be of use to developers and businesses alike. Furthermore, we’ll...

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Understanding the Jack Dorsey NFT Sale - Original Tweet Sold As An NFT

Written By Ivan on Tech

Mar 26, 2021

Anyone keeping track of NFTs will no-doubt have seen the recent news of the Twitter boss, Jack Dorsey’s, NFT sale. Not only does this highlight the ability to sell tweets as ”Twitter NFTs”, it is also emblematic of how NFTs can bridge digital content with digital ownership. Moreover, it also serves as a striking reminder of the past few months’ NFT boom and following hype. Read on for a full breakdown of the Jack Dorsey NFT sale, all of the backstory associated, as well as the potential implications this carries.

Specifically, this Jack Dorsey NFT sale just a few days ago saw Dorsey auction off Twitter’sfirst-everr tweet, a 15-year old tweet that reads ”just setting up my twttr”. The tweet ultimately sold for over $2.9 million to Sina Estavi, the CEO of the Malaysian blockchain firm Blockchain Oracle. However, this NFT sale stands for much more than merely a one-time transaction. Rather, it is a symbol of the current NFT hype, as well as how...

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