Blockchain and Crypto Blog

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

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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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Ethereum 2.0 Beacon Chain (Phase 0) and ETH Staking

Written By Ivan on Tech

Dec 13, 2020

On December 1st, Ethereum 2.0 Phase 0 was officially launched, with the Ethereum 2.0 Beacon Chain launch. This is the first major release in Ethereum’s transition towards a proof-of-stake blockchain through Ethereum 2.0. As such, Ethereum staking has become a hot topic in the past two weeks. This article looks at Ethereum 2.0, the Beacon Chain, and the practicalities of staking ETH.

The relatively recent launch of the Ethereum 2.0 Beacon Chain has once again put the spotlight on Ethereum’s upcoming roadmap. The Beacon Chain effectively brings staking to Ethereum, and paves the way for various future updates to the system. As anyone keeping an eye on Ethereum will know, Ethereum 2.0 is a gargantuan upgrade project which seeks to massively boost the scalability, security and speed of the Ethereum network. 

On December 1st 2020, the Beacon Chain shipped and went live at midday (UTC). At this point, the Beacon Chain is more of a foundation for the future of...

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What Is BASE Protocol? Exploring The BASE Token

Written By Ivan on Tech

Dec 12, 2020

The narrative around cryptocurrency is changing rapidly, as the world begins to recognize the legitimacy of crypto as an asset class. Nevertheless, the relative complexities of the crypto market can be overwhelming for some. So much so, it can be a huge barrier that prevents investors from entering the space. The world of crypto never sleeps, and keeping up with the latest projects can be a full-time job. However, thanks to BASE Protocol and the BASE token, there is now a crypto index fund that gives exposure to the entire crypto market via a single token.

In this article, we’re going to dive deep into BASE Protocol and explore some of the unique functions of the BASE token. Also, we’ll explore the tokenomics of BASE and some of the use cases for the BASE token in DeFi and beyond!

If you’re interested in learning more about cryptocurrency and DeFi, make sure to check out Ivan on Tech Academy. The Academy has a huge range of courses, from DeFi 101 to blockchain...

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DeFi Deep Dive - Yearn Finance's Merger Mania

Written By Ivan on Tech

Dec 11, 2020

Yearn Finance is a decentralized finance (DeFi) network that offers a suite of different products for insurance, lending aggregation, and yield generation. If you’ve kept an eye on Yearn Finance in the past few weeks, you’ll know that they are in the midst of a merger mania with other DeFi protocols. Yearn Finance’s most notable offering is Yearn Vaults, a yield generation product. Yearn Vaults are robots that automatically move users' funds around to find the best yield farming opportunities in the DeFi marketplace. Each vault has a strategy and a controller responsible for executing it as planned.

We won't dig into Yearn Vaults here, or once-again cover Yearn's founder/developer Andre Cronje in-depth in this article, as we've already discussed these topics before. But, if you need more info on Yearn Finance before digging into their mergers, start with the links in this paragraph. Consequently, if you feel you need some background on the different initiatives and...

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How To Earn A Passive Income With Bitcoin in 2020

Written By Ivan on Tech

Dec 10, 2020

Anyone who has ever had a job will know that it can be extremely hard to scale your income. Working means you are earning an active income - and you have to trade your time and energy for compensation. Passive income, on the other hand, is when you have income streams that are essentially effortless. The advent of cryptocurrency and Bitcoin have led a growing amount of people to look into how to earn passive income with crypto. This article takes a look at the four main ways how to earn a passive income with Bitcoin in 2020.

Specifically, we’ll take a look at Bitcoin, how it can be used, and the differences between passive and active income. Following this, we’ll explore the various ways to make your money work for you - so you can earn a passive income with Bitcoin.

This article is part of our ongoing Passive Income series. Be sure to check out our coverage of how to earn a passive income with Ethereum, and how to earn a passive income with Cardano. The Ivan on Tech...

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