Blockchain and Crypto Blog

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

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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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What is Terra Blockchain, TerraUSD and LUNA Coin?

Written By Ivan on Tech

Mar 25, 2021

Terra is a smart contract-enabled blockchain that harnesses the utility of the Cosmos project CosmWasm’s technology. Powered by the native Terra LUNA coin and the TerraUSD coin (UST), the Terra blockchain has become a compelling building ground for blockchain-based applications. Terra has created an all-in-one payment solution using a variety of user-friendly tools to enable businesses to implement blockchain technology to accept and automate Terra payments without intermediaries. Furthermore, Terra utilizes a dual coin system to incentivize arbitrage opportunities. This has helped contribute to the growth and adoption of the Terra network and both the LUNA coin and the UST coin. Also, Terra is responsible for the development of several successful crypto projects, including Mirror Protocol and Anchor Protocol. Moreover, the success of these projects has incentivized the rapid adoption of the Terra LUNA coin. 

In this article, we’re going to dive deep into the Terra...

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Exploring Filecoin and the FIL Token

Written By Ivan on Tech

Mar 24, 2021

Filecoin is a blockchain-based, decentralized storage network, powered by the Filecoin token (FIL). Following a successful initial coin offering (ICO) fundraising round in 2017, the mainnet was launched in late 2020. Since then, Filecoin has seen immense success and media attention in the crypto community. So, what is Filecoin doing to become so popular? Perhaps it’s because Filecoin allows users to monetize spare storage on their hard drive, and earn a passive income with crypto. Or, maybe it’s because Filecoin has designed protocols with a lot of potential for the future. Let's find out!

In this article, we’ll dive deep into Filecoin’s protocols to discover how the platform operates. Also, we’ll take a look at ways in which you can use Filecoin to earn a passive income with cryptocurrency. Finally, we’ll explore the Filecoin token and the reasons why Filecoin has become so popular during the 2021 Bitcoin bull market

If you’ve...

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What is VeChain, VeChainThor, the VET Token and VTHO Token?

Written By Ivan on Tech

Mar 23, 2021

VeChain is a blockchain-powered solution for supporting various business processes. Renowned for blockchain-based supply chain management services, VeChain keeps track of each stage of the chain, ensuring quality and compliance measures are adhered to. VeChain uses physical tracking devices to track each stage of the supply chain. With records held on a transparent immutable ledger, this ensures that goods and materials reach their destination without being tampered with. Powered by the VeChain (VET) token, the VeChain Foundation is helping to bring digitally verifiable provenance to supply chains. This is achieved with the help of the VeThor Token (VTHO) and the proprietary VeChainThor blockchain. But, what is VeChain doing to become so popular? VeChain is pioneering blockchain supply chain management, carbon credits, and anti-counterfeiting services. 

In this article, we’re going to dive deep into the VeChain ecosystem and explore the various blockchain-based services...

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Comparing Layer-2 Ethereum Scaling Solutions

Written By Ivan on Tech

Mar 22, 2021

Scalability has been an issue related to the Ethereum blockchain for years, so the next time you hear terms like Sidechains, Plasma, Channels, or Rollups, you’ll no longer have to wonder what they mean. These are all proposed solutions to help Ethereum scale. Moreover, so-called Layer-2 solutions are widely seen as potentially holding the keys to helping Ethereum to scale and reduce Ethereum gas fees.

After all, Ethereum's congestion and high fees attest to it becoming a victim of its own success. Sections of its ecosystem like DEXs and Yield Farming have become inaccessible to the average user who can only afford moderate gas fees.

So, what are Ethereum developers doing about all this? Well, a lot actually, and we're going to be touching on some of the most popular proposed solutions in this article.

Scaling Ethereum

Basically, there are two ways to scale a blockchain. One is to work on the main chain itself to improve transaction capacity. That is what Ethereum 2.0 is all...

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What is Harmony Protocol and the ONE Token?

Written By Ivan on Tech

Mar 21, 2021

Harmony is an interoperable sharding protocol offering a two-way Ethereum bridge. Powered by the Harmony One token (ONE), the Harmony blockchain is an independent blockchain designed to enable ultra-fast transactions and interoperability as an advanced layer-2 solution for Ethereum. Harmony makes it easy for developers to build and scale creative, intuitive decentralized applications (dApps) that enable frictionless, cross-chain token swaps.

In this article, we’ll discover the depths of the Harmony protocol and how it is offering scalability for Ethereum as an interoperable layer-2 solution. Moreover, we’ll explore sharding, and how the Harmony blockchain operates using a unique consensus algorithm. Furthermore, we’ll explain how the Harmony ONE token is used within the protocol’s ecosystem.

Understanding how blockchain technology works can be daunting for beginners. However, Ivan on Tech Academy has you covered! If you want to learn about the fundamental...

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What is DENT Wireless and DENT Coin?

Written By Ivan on Tech

Mar 20, 2021

Soon, the days of complicated international phone expense reports, frequent travelers purchasing multiple local SIMs and numbers, and phone companies charging extortionate prices for users to access online data abroad, could be gone. This is thanks to DENT Wireless, or colloquially known as simply ‘DENT’. DENT aims to become “your new digital and global mobile operator”. Through the DENT Network, anyone across the world can access the tokenization and trading of mobile minutes and data bundles through the DENT Exchange. This is made possible thanks to blockchain technology and the native DENT token. 

In this article, we’re going to dive deep into the DENT Wireless ecosystem. We’ll look at the services offered through DENT Network and explore the DENT Exchange. Moreover, we’ll explore potential reasons why the DENT token has seen a lot of growing popularity. 

DENT is a decentralized application (dApp) built on top of the Ethereum...

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Understanding Cross-Chain Communication - Examining Blockchain Interoperability and Why It Matters

Written By Ivan on Tech

Mar 18, 2021

To say that blockchain interest has been warming up in the last few years would be an understatement. Rather, thousands of high-profile companies all around the world are already putting their money where their mouths are and are investing in blockchain technology. Nevertheless, the blockchain industry still has some growing pains to fully go mainstream. One of the largest challenges the blockchain industry needs to clear is achieving something known as blockchain interoperability. Put simply, different blockchains have a hard time talking to each other - something oftentimes referred to as ”cross-chain communication”. 

So, what exactly is the issues related to lacking blockchain interoperability, and why do we even want cross-chain compatibility to begin with? This article explains how blockchain bridges and other blockchain interoperability solutions provide added value to both consumers, businesses and the blockchain industry as a whole. This article goes...

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What is Holochain, Holo and the HOT Token?

Written By Ivan on Tech

Mar 17, 2021

Holochain provides foundational technology to allow people to connect with one another, with a choice of what data they share. As such, Holo is creating a bridge platform between users of Holochain and the traditional internet. Also, Holochain is seeing increased adoption welcoming new Holochain applications (hApps), offering developers an efficient and cheaper alternative to blockchains. Moreover, this has been achieved with substantially lower upfront and running costs, instant transaction finality, and without traditional consensus algorithms. All this is possible thanks to Holochain’s distributed hash table (DHT). Also, the Holo token (HOT) reached new all-time-highs recently as the Holochain platform has gained industry-wide recognition.

In this article, we’re going to explore the various elements of the Holochain and Holo ecosystems. We’re going to discuss the different projects using the Holochain platform, making a passive income with Holo, and how the Holo...

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