Blockchain and Crypto Blog

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

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The Truffle Suite Explained - What is Truffle?

Written By Ivan on Tech

Feb 12, 2021

The crypto industry is growing in size every day, and with it, so is the number of decentralized applications (dApps). The advent of decentralized applications (dApps) is one of the hottest trends in crypto, and due to this, the demand for these distributed applications is higher than ever. As businesses and individuals have high demand for dApps, the industry is evolving to make the development of these applications more manageable and convenient. To ease the programmers' life, the creation of tools such as Truffle Suite has been a natural development. Truffle Suite helps developers with the creation of decentralized applications, and in this article, we will take a closer look at what Truffle Suite is. 

Understanding Decentralized Applications (dApps) 

To understand what the Truffle Suite is and why it is such an essential step in the right direction, we must first understand what dApps are. Decentralized applications (dApps) are, as the name might suggest, applications...

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A Beginner's Guide to Stellar Lumens (XLM)

Written By Ivan on Tech

Feb 11, 2021

Stellar Lumens are seldom in the spotlight within the crypto space. Despite groundbreaking partnerships and integrations, the XLM token is not spoken about as often as some flavor-of-the-month cryptocurrencies. However, the Stellar Development Foundation (SDF) has been around since 2014, which means they must be doing something right, right? The Stellar Foundation is creating an ecosystem that empowers people with financial services that have been absent in many parts of the world for a long time.

In this article, we’re going to explore Stellar Lumens (XLM) and the Stellar Development Foundation (SDF). Furthermore, we’ll discuss the role of the XLM token within the Stellar ecosystem and how it benefits users worldwide!

For anyone new to the crypto space, the Blockchain and Bitcoin 101 course at Ivan on Tech Academy is the perfect place to learn about the fundamentals of blockchain technology on a technical level. Also, if you want to learn how to safely buy, sell, and...

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DeFi Deep Dive - Exploring Universal Market Access (UMA)

Written By Ivan on Tech

Feb 10, 2021

UMA stands for Universal Market Access, making it a fitting title for all decentralized finance (DeFi) since universal access is ultimately the goal. But more specifically, UMA is a decentralized protocol for deploying synthetic assets on Ethereum. As such, UMA's existence will thus help create financial markets on Ethereum that are accessible to everyone in the world. It provides a framework for developers to create whatever kind of synthetic Ethereum token they desire. Like other DeFi projects we've covered, UMA uses smart contracts to replace third parties like banks and other intermediaries.

If you're not sure what tokenized synthetic assets are, please read our article, "DeFi Deep Dive - What is Synthetix?" Or, if you want to understand decentralized finance better, sign up for the DeFi 101 course at Ivan on Tech Academy. 

Creative Ideas for Synthetic Tokens

With UMA, you can create tokens that can track the price of anything. And you can build secure contracts with...

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What is Binance Coin (BNB)?

Written By Ivan on Tech

Feb 09, 2021

Binance is much more than just an exchange - instead, it represents an ecosystem that provides a vast array of services for cryptocurrency startups, investors, and traders. These platforms are powered by the Binance Coin, often referred to as the BNB token. Binance Coin has performed well over recent months and has a solid tokenomic structure to expand its utility and increase scarcity. But, how does Binance make use of the BNB token? 

In this article, we’ll cover the multi-utility BNB token and its use cases throughout the Binance ecosystem. Also, we’ll explain the tokenomic structures that position Binance Coin to continue its price increase. Moreover, we’ll look at ways to safely purchase BNB tokens and different wallets to store them in. 

If you’d like to gain an understanding of how blockchain technology works, and why Bitcoin is revolutionary, see our Blockchain & Bitcoin 101 course. Ivan on Tech Academy provides all the learning tools and...

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Exploring 21Shares' Polkadot Exchange-Traded Product (ETP)

Written By Ivan on Tech

Feb 08, 2021

On February 4th, 2021, exciting news was announced when a Polkadot exchange-traded product (ETP) was launched on the SIX Swiss Exchange. This was made possible thanks to the fintech company 21Shares AG. This is massive news for the crypto industry and an important step toward even greater cryptocurrency adoption. Having a Polkadot ETP creates opportunities for new people to gain exposure to cryptocurrency through traditional means. Furthermore, substantially increased exposure to a top-performing coin suggests that we may see an influx of new users wanting to invest and trade in other cryptocurrencies. 

In this article, we’ll explore exactly what a Polkadot exchange-traded product (ETP) is and how this may impact the crypto industry. Furthermore, we’ll look at some of the many reasons Polkadot is the latest cryptocurrency to be chosen as an addition to 21Shares' growing crypto ETP collection. 

If you’re interested in learning the latest information...

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DeFi Deep Dive - What is PancakeSwap and the CAKE Token?

Written By Ivan on Tech

Feb 07, 2021

You might be forgiven for thinking that food-themed cryptocurrencies were just a ‘flash in the pan’, so to speak. To an extent, you may have even been correct. The yield farming frenzy during Summer 2020 produced several food-based yield farming protocols and tokens. PancakeSwap is a decentralized cryptocurrency exchange (DEX) built on Binance Smart Chain (BSC), powered by the BEP-20 Pancake token (CAKE). The CAKE token is one of several tokens used within the PancakeSwap protocol and made available for token swaps. Similar to Uniswap, PancakeSwap is an automated market maker (AMM) and decentralized application (dApp) that features liquidity pools where users can earn fees from staking, lending, and yield farming.

In this article, we’re going to explore the PancakeSwap platform and the seamless yield farming experience it creates for users. Also, we’re going to look at the CAKE token and the other tokens used with the platform. Furthermore, we’re going...

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Exploring the Stacks Blockchain & the Stacks Token (STX)

Written By Ivan on Tech

Feb 06, 2021

The Stacks blockchain is a custom-built, full-stack decentralized blockchain designed for the Blockstack computing network. Stacks makes Bitcoin programmable by facilitating support for decentralized applications (dApps) and smart contracts on the Bitcoin blockchain. The Stacks ecosystem harnesses the security of the Bitcoin network while bringing additional functionality to a blockchain that is notoriously challenging to build on.

The Stacks blockchain is a custom-built blockchain designed for the Blockstack network. Use of the native Stacks token (STX) in conjunction with the innovative Proof-of-Transfer (PoX) consensus mechanism provides a wealth of distributed computing opportunities for both developers and users by creating an environment that makes it simple to develop smart contracts and build dApps on Bitcoin securely, without changing the original source code.

In this article, we want to explore the Stacks blockchain and the unique opportunities it provides for its users....

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What is CoinGecko - A Beginner's Guide

Written By Ivan on Tech

Feb 05, 2021

Operating since 2014, CoinGecko is one of the go-to sites for live crypto prices listings. Alongside this, CoinGecko welcomes new crypto users to the community with educational material, yield gain calculations, and interactive giveaways. When first landing on CoinGecko, Bitcoin defaults as the top cryptocurrency with the largest market cap and network. However, there are thousands of coins out there to discover. Without the correct tools to refine your search, sifting through project after project can be tiresome. That’s why CoinGecko has categorized all the different characteristics of tokens to allow users to see a wealth of different data points and information relating to the crypto markets. 

In this article, we’re going to dive deep into the CoinGecko ecosystem and discover the tools and products available. Also, we’ll explore some of the different features of the platform that help keep you up-to-date in the industry. Furthermore, we’ll direct you...

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Exploring Dogecoin - What is Dogecoin (DOGE)?

Written By Ivan on Tech

Feb 04, 2021

Those keeping an eye on the altcoin markets will know that the internet has been abuzz with Dogecoin lately. So, what is all the fuss about? Dogecoin originally started out as a satirical commentary on the rapidly growing altcoin sector, all the way back in 2013. However, the concept of fast payments with a fun and friendly community based around a popular Shiba Inu "doge" meme actually caught on and garnered a following. And now, approximately seven years later, what started as a joke coin has pumped roughly 600% just in the last week! Who would have predicted that? 

We'll get into the hype and the latest news about the Reddit group called SatoshiStreetBets and Elon Musk's Dogecoin tweets in a bit. But first, let's take a look at what Dogecoin is. Questions about that and Dogecoin’s use case rarely get asked when herds of people are “FOMOing” in. But if you'd like to know a bit more before blindly jumping on the current bandwagon, let's first dig a bit...

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DeFi Deep Dive - What is UniLayer?

Written By Ivan on Tech

Feb 03, 2021

Users of centralized trading platforms may take the many tools, visualizations, and data made available to make trading simple for granted. Decentralized exchanges (DEXs) have become a popular alternative to centralized exchanges (CEXs) due to the appeal of self custody, and the absence of intermediaries. However, what is somewhat absent in the DeFi space is a professional decentralized trading platform. UniLayer claims to be a “next-generation decentralized trading” platform built on top of popular DEX, Uniswap. With the use of the native ERC-20 LAYER token, UniLayer lets users take advantage of professional-level trading features and apply them in the world of DeFi, without the need for a third-party. 

In this article, we’re going to explore the UniLayer platform and its various components. Also, we’ll look at the utility of the LAYER token and the roles it serves within the UniLayer ecosystem. Furthermore, we’ll discuss some of the unique...

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