Blockchain and Crypto Blog

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

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What is EIP-1559 and Will Ethereum Go Deflationary With It?

Written By Ivan on Tech

Mar 13, 2021

EIP-1559 could offer some good news for those longing to see improvements to Ethereum's user experience and the current gas fee system. This proposal has recently been accepted into Ethereum’s London network upgrade scheduled to come to the mainnet this summer. This upgrade is now being intensely debated following its recent inclusion in the London fork, even though it has been over two years since EIP-1559's initial proposal.

EIP-1559 is essentially a proposal to change Ethereum's fee structure. But it's also known as "Ethereum's scarcity engine" or "ETH's burn mechanism." The Ethereum faithful should be excited by this since burning ETH will increase the asset's scarcity. 

Burning, however, is only one of its positives. With Ethereum's Berlin hard fork scheduled for April and the London fork to follow three months later, doing the math tells us that EIP-1559 should kick off in July.

A lot of news headlines have indicated that Ethereum will “go deflationary”...

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Exploring Smart Contract Blockchains in 2021

Written By Ivan on Tech

Mar 06, 2021

As transaction fees on the Ethereum Network push new highs, the competition between smart contract-enabled blockchains is heating up. Ethereum has long been the go-to platform for decentralized applications (dApps). The network effect of Ethereum and Ethereum-based dApps has been a catalyst in creating an environment where developers can program money in innovative new ways. Without the success of Ethereum over the years, the demand for smart contract-enabled blockchains would likely be substantially lower. However, several new projects, including those established by founding members of the Ethereum team, have created compelling alternatives to the number one decentralized finance (DeFi) blockchain. Blockchain-based smart contract platforms are becoming fiercely competitive in their adoption and utility. But, what are the differences between these blockchains and smart contract development platforms?

In this article, we’re going to discuss some of the most popular smart...

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Understanding the ETH Hype and the Ethereum Bull Run 2021

Written By Ivan on Tech

Jan 10, 2021

The recent Ethereum bull run has caused quite a stir in the crypto space. Although the continuation of the 2020 Bitcoin bull run is still in full swing, eyes are turning to Ethereum as it approaches its previous all-time high. Some Ethereum predictions even suggest that we could see an Ethereum bull run in 2021 perform in a similar way to Bitcoin's atmospheric rise during late 2017. Many believe that it is only a matter of time before Ethereum embarks on a similarly explosive bull run. Moreover, as the roll-out of Ethereum 2.0 progresses, Ethereum’s infrastructure fundamentals are improving substantially.

In this article, we’re going to look at what is driving the recent price action of Ethereum. Also, we’re going to discuss the future of the Ethereum network, as well as go through some common Ethereum predictions for 2021.

Are you just coming across Ethereum for the first time and would like to gain a better understanding of how the Ethereum blockchain works? The...

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What Is Tornado Cash and TORN?

Written By Ivan on Tech

Jan 08, 2021

Tornado Cash is a decentralized protocol designed for those looking to transact privately on the Ethereum blockchain. This protocol helps solve the privacy problem on Ethereum because whenever you buy or sell on that blockchain, your transactions are public. It's not like the blockchain will publicly post your name, but your address will be. For that reason, Ethereum is considered pseudonymous. However, if an observer can connect you to a wallet address, they can track you with research tools like Etherscan.

That means they could track things like the source of your funds, your balances, and your payments. In short, they could analyze your on-chain activity, including your entire transaction history. That's because transparency is the default position of Ethereum. 

So, this is why Tornado Cash has introduced private transactions. They exist to serve those who want anonymity and complete privacy. Therefore, if you're one of those people who doesn't like others snooping on your...

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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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Smart Contract Platforms: EOS vs Ethereum vs RSK vs Cardano

Written By Ivan on Tech

Dec 09, 2020

Smart contracts are some of the most fascinating and important inventions at blockchain developers disposal. Essentially, smart contracts allows programmers to develop self-executing code that can be used in several fields such as decentralized finance (DeFi). This technology has the potential to save a huge amount of money for businesses and organizations all over the globe. As this technology has vast potential, several smart contract platforms compete in order to offer developers the best tools.

Many different platforms allow developers to utilize smart contracts. However, in this article, we are going to take a closer look at four main smart contract platforms. 

Some of the largest smart contract platforms out there are EOS, Ethereum, RSK and Cardano. Seeing as such, we will take a look at the smart contract platform struggle of EOS vs Ethereum vs RSK vs Cardano. However, before discussing the differences and benefits of each platform, it is important that you have a...

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How to Earn a Passive Income with Ethereum 2020

Written By Ivan on Tech

Nov 26, 2020

Have you been keeping an eye on the cryptocurrency market these past few weeks? If you have, you’ll know that the crypto market has been pushing towards its all-time high. Although the price of Bitcoin has recently seen a slight correction, interest in crypto and altcoins is already higher than in a long time. As such, you might be interested in earning a passive income with crypto. Perhaps you already have some Bitcoin and are now looking to diversify your portfolio? As many see the beginning of a bull run, people are looking to learn how to earn a passive income with Ethereum - the foundation of decentralized finance - to make gains whilst they sleep.

In this article, we explain exactly what Ethereum is and it’s crucial role and functions within the cryptocurrency ecosystem. Also, we’ll cover several different ways to learn how to earn a passive income with Ethereum. We’ve already gone through some of the ways to make a passive income in crypto - but this...

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Ethereum Courses: Why You Should Learn Solidity and Ethereum

Written By Ivan on Tech

Oct 21, 2020

If you’ve already come this far, chances are you’re looking to improve your personal or career opportunities, and perhaps wondering whether to dip your toes into one of the latest technological developments - blockchain technology. Although blockchain is often seen as being synonymous with the largest cryptocurrency Bitcoin, the blockchain ecosystem would not be what it is today if it wasn’t for the Ethereum blockchain. This is why we’ve compiled this article, explaining the ins and outs of learning Ethereum, Ethereum courses, and Solidity. If you’re looking to learn Solidity, it is an opportunity that could change your life for the better, forever. 

First and foremost, you should congratulate yourself for being interested in this technology today, whilst we are still in the early phases of crypto and blockchain adoption. By reading this guide, you are giving yourself an advantage in getting ahead of the curve, and potentially becoming an expert in...

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Bitcoin vs Ethereum: Which Crypto Is Best For You?

Written By Ivan on Tech

Sep 12, 2020

Many people new to the crypto field can be unsure about the differences between the two biggest cryptocurrencies on the market, Bitcoin and Ethereum. Those that have been in this space a while are beginning to wonder which crypto is the best cryptocurrency for them, as we could possibly be on the cusp of a new 2020/2021 bull run. Therefore, we feel that we should explore the fundamental distinctions between Bitcoin vs Ethereum, the history, and the pros and cons of each crypto asset.

This article breaks down all the major differences between Bitcoin vs Ethereum, and looks at their respective benefits and drawbacks. If you want to go even further into the weeds and learn everything there is to know about Bitcoin and Ethereum, Ivan on Tech Academy is perfect for you. Join over 20,000 existing blockchain alumni and get yourself a highly competitive blockchain education.

Bitcoin vs Ethereum Overview:

Below is a side-by-side table view of Bitcoin vs Ethereum from A to Z Markets.

If...

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Ethereum Code: Examining Ethereum Programming and Ethereum Smart Contracts

Written By Ivan on Tech

Jul 06, 2020

Ethereum is one of the most fascinating and impactful projects in the crypto space. By bringing in the idea of programmable blockchains, Ethereum pretty much ushered in the era of smart contract platforms. Now with Ethereum 2.0 just around the corner, let’s familiarize ourselves with Ethereum code. 

Ethereum Code: The Ins and Outs of Ethereum smart contracts

What code is Ethereum written in? How to code Ethereum smart contracts? What are ERC-20 tokens? Let's answer all these questions in this guide.

What code is Ethereum written in?

Vitalik Buterin, a Russian-Canadian programming prodigy, first released the Ethereum whitepaper in 2013, describing it as a platform that can accommodate decentralized applications (Apps). Ethereum has a long list of co-founders and was coded using– Go, Rust, C#, C++, Java, and Python.

However, when learning about Ethereum code, this is not the main information that most developers are looking for. The truly fascinating aspect of...

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