Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
Anyone familiar with blockchain technology will know that cryptocurrency adoption was one of the primary drivers behind the advent of the latest blockchain boom. Yes, blockchain is in use across many industries, and various well-known, billion-dollar companies are adopting blockchain like never before. Despite this, however, cryptocurrency adoption is still an incredibly powerful driver when it comes to boosting general awareness regarding blockchain technology. As such, the Samsung Blockchain Keystore is something that deserves some attention.
First and foremost, you might be asking, “what is the Samsung Blockchain Keystore?”. Although you will likely be familiar with Samsung Electronics, the South Korean electronics company behind the Samsung Galaxy S and Samsung Galaxy Note series of mobile phones.
Moreover, it may surprise some to learn that Samsung is quite actively pursuing both blockchain technology and supporting broader cryptocurrency adoption. This...
It's no secret that blockchain technology and cryptocurrencies are fast becoming one of the best industries for career prospects and opportunities. Knowing blockchain was voted the no.1 in-demand hard skill on LinkedIn, and the field offers some of the best salaries around. There are many different crypto career paths available that people don't often think about, and the blockchain careers are becoming widely available across many various industries.
In this article, we will cover the different types of crypto careers and blockchain careers that you can enter into whatever your industry, and explain why going full-time in crypto now, is getting ahead of the game and creating both financial and job security for your future self.
If you educate yourself in blockchain technology and cryptocurrencies today, you will gain specialized knowledge that very few currently know about or understand.
As the mass adoption of cryptocurrencies continues to grow, this...
The past week has seen Yearn Finance, more commonly known as yEarn Finance or yearn.finance, become increasingly well-known following a massive price rally. Specifically, Yearn Finance’s YFI token has surged over 300% in the past week. As such, many are beginning to ask the question “what is yearn.finance”. The platform recently rose to fame after the launch of its tokenized insurance product yInsure Finance, however the following article takes a look at the fundamentals that led to the creation of the entire yEarn Finance platform.
Andre Cronje single-handedly developed yearn.finance (yEarn), a yield aggregating platform on Ethereum. yEarn has grown into an ecosystem of protocols that aims to maximize annual percentage yields (APY) for its users. It plays a part in the yield farming mania that kicked off with Compound’s COMP token distribution. yEarn utilizes DeFi protocols such as Curve, Compound, Aave, and dYdX to optimize token lending. In a nutshell, it...
As anyone following the crypto field will know, there has been a lot of media attention around Bitcoin recently, with recent gains over the past few months, a lot of people are asking is it too late to get into Bitcoin or not?
Few knew about Bitcoin during its first couple of bull runs when the price of Bitcoin went from $0.0008 to around $800, some of whom are now either driving Lambos or holding - “hodling” - tight (or a bit of both). With a current price more than 10X that of the 2012 bull run, many believe that now hearing about Bitcoin for the first time, they've missed the boat.
In this article, we will break down why Bitcoin is considered so valuable and where we are in terms of mass adoption. We'll take a look at the longer-term price predictions people are charting and some of the proposed use cases for Bitcoin in the future.
Firstly, for those of you who have only just recently heard about Bitcoin and still are not entirely sure as to what Bitcoin is and why...
Coinbase and Binance are both titans in the cryptocurrency exchange business. They are the two largest exchanges on the market right now, and primarily cater to people who are new to crypto. Those looking to buy Bitcoin for the first time often look to compare Coinbase vs Binance before making their purchase. Both offer an easy user experience, different displays, features, and offers.
In this article, we show you a complete review of both, to help you decide which one will be the best for you when you're first purchasing Bitcoin or other cryptocurrencies.
It's an important thing to note that both Binance and Coinbase are centralized exchanges, meaning they are run by a central organization.
Both exchanges offer a custodial service, whereby they keep hold of your private keys and funds for you in secure cold storage. This offers a seamless user experience, however, this also means that users technically do not own the coins, the exchanges do.
This goes against...
Anyone keeping an eye on the blockchain sector will know that the field of Decentralized Finance, commonly known as DeFi, is growing at a rapid pace. More and more banks and institutes are kickstarting Decentralized Finance projects in order to remain competitive and evolve their businesses. As such, it can be hard to keep track of the growing list of DeFi projects.
This article aims to go through some of the most popular DeFi initiatives currently in the works. However, before listing and going through some of the existing DeFi projects, we are going to explain what Decentralized Finance is and why this technology is emerging as one of the hottest blockchain trends in 2020.
One of the essential characteristics of Decentralized Finance is that this technology seeks to eliminate the middleman from traditional financial processes. The intermediaries in the case of traditional finance are often banks and other financial institutes such as...
Novel technologies can bring a lot of questions and uncertainty for new users, particularly when it comes to financing and personal investments. If you're one of the people who want to know for certain whether or not Bitcoin and cryptocurrency can be hacked before investing your hard-earn fiat currency into the futuristic digital money that is crypto, read on!
Another popular question asked by many is "will cryptocurrency last forever?" Historically, many fiat currencies have sooner or later gone to zero, so what is it that makes crypto so special and different from other currencies?
In this article, we will cover all of the above. To completely understand the answers to these questions, you need to get your head around what exactly cryptocurrency is, and how it works.
To get started with cryptocurrency you will need a digital wallet to store your funds. A wallet can be online (hot/soft wallet) or it can be a hardware device that stores your funds safely...
The “proof of work vs proof of stake” debate has been raging for a long time. Many modern projects have opted from proof of stake (POS) over the more traditional proof of work (POW). Your old school currencies like Bitcoin, Zcash, and Ethereum (pre 2.0) were all based on POW. So, in this article, let’s learn more about POW and POS. But first, let’s look into what we mean by consensus algorithms.
Consensus is a method with which a group can reach an agreement dynamically without causing any discord in the group. As such, it's a lot more positive than simple voting, which doesn’t care about the minority's feelings. A mechanism that allows you to reach consensus is known as a “consensus algorithm.” There six rules that consensus algorithms must follow:
Stablecoins are price-stable cryptocurrencies that minimize overall volatility. The importance of stablecoins in crypto adoption simply can’t be underestimated. One of the most significant factors holding back the widespread adoption of cryptocurrencies has been its extreme volatility. Top stablecoins offer an alternative where people can dabble in cryptocurrencies without worrying about volatility. As you can imagine, stablecoins have found tremendous utility in modern cryptosystem.
So, before we delve into a list of stablecoins, let’s understand what are stablecoins and the importance of currency stability.
As we have seen time and time again, currency stability is vital for the overall well-being of the economy. For example, Venezuela is a perfect instance of a country that went through financial turmoil over the last 40 years.
If you've stumbled across this page in search of answers around Bitcoin, welcome! There is a lot we can teach you. Ivan on Tech Academy provides Bitcoin, blockchain, and crypto education, and can answer all your Bitcoin FAQs through a variety of different learning techniques including videos, quizzes, and research.
For this post, we have collated questions about cryptocurrency and answered the most frequently asked by beginners, to help you get started on your journey. So let's start with the absolute basic fundamentals:
Bitcoin is a cryptocurrency, often referred to as a virtual currency or digital currency, used as a method of exchange or store of wealth. On a very basic level, it is a piece of code. There are no physical coins to speak of, rather, there are UTXOs (unspent transaction outputs) that make up the balance in your wallet.
Bitcoin was created following the financial crash of 2008 as a solution to government and central bank manipulation of money and the...