Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
Certain buzzwords are currently making names for themselves in the cryptosphere. Most notably, these include DeFi, NFTs, and oracles. These could conceivably be among the top trends that may act as catalysts for a potential 2020/2021 bull run. Another buzzword that is making the rounds, although perhaps does not receive as much attention as the previously mentioned terms, is blockchain interoperability.
Interoperability fundamentally refers to a seamless exchange process of transactions or data between blockchains. If you are unsure what this means or if you are interested in finding out how this works - read on!
In this article, we will briefly cover how blockchain technology works, why interoperability is such a crucial part in the next stage of cryptocurrency adoption, and live projects and use cases using protocols with blockchain interoperability.
If this peaks your interest regarding blockchain technology in general, then you’ve come to the right...
Those who keep an eye on the cryptocurrency market will likely recently have become more aware of Polkadot and the DOT token. Polkadot made the news last week, by suddenly jumping into the Top 10 Cryptocurrency list - going by market capitalization - on CoinMarketCap. Polkadot is an ambitious project which seeks to lay the groundwork for a polychain Web3 future. To learn more about what that means and what the Polkadot coin represents, read on!
Polkadot was created by Gavin Wood in an attempt to design a more evolved version of Ethereum, which would be interoperable with the existing independent, isolated blockchains such as Ethereum and Bitcoin. In August 2019, Polkadot launched an experimental and unaudited version of its platform known as “Kusama.” Polkadot will launch its genesis block during 2020 with one relay chain and launch several parachains soon afterward, eventually ramping up to 100 parachains.
So, what exactly is the Polkadot token? Why are people...