Blockchain and Crypto Blog

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

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Guide: Different Ways To Get Your Hands on Crypto

Written By Ivan on Tech

Oct 05, 2020

The cryptocurrency space is as popular as ever, and there are many people out there who want to join the world of crypto. As many of you will know, the growth of the crypto market over the last decade has been staggering. The price of cryptocurrencies such as Bitcoin and Ethereum has increased by thousands of percent since their inception, but a lot of people still do not know how to get into crypto, or how to get their hands on crypto. This shows that the market still has great potential for growth. However, even though most people have heard about cryptocurrencies, they might not know precisely how to get crypto. 

Moreover, the cryptocurrency market - just like any market for financial assets - is in constant flux, and the prices of certain cryptocurrencies are volatile. The highly volatile nature of many cryptocurrencies means that there is inherently risk involved with investing in them. This can result in people not wanting to spend their hard-earned money on...

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A Brief Guide to Understanding Cryptocurrency Staking

Written By Ivan on Tech

May 28, 2020

Cryptocurrency staking is a central concept for cryptocurrencies. In essence, it is the process of parking funds in a cryptocurrency wallet to support a blockchain network's functionalities and operations. It usually consists of cryptocurrency locking so that the user can receive rewards. In most cases, the entire process depends on the users participating in the blockchain activities through any personal crypto wallet, something on the lines of Trust Wallet. The concept of cryptocurrency staking draws parallel to the Proof of Stake Mechanism (PoS).

Background to Cryptocurrency Staking

Proof of Stake and Staking were introduced by Sunny King and Scott Nadal back in 2012. Initially, the concept was based on a hybrid PoW/PoS mechanism, but it later snapped out of this and embraced the Proof of Work (PoW) platform. With this, users were able to mine and support the project well in its early stages without the need to become entirely dependent on the PoS system. Later in 2014, the...

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