In 1994, Nick Szabo, a cryptographer and lawyer, first introduced the smart contract concept. In 2008, the world saw the emergence of Bitcoin and the further development of blockchain. Smart contract technology, being computer code, makes it possible to implement any type of transaction in the crypto industry. Smart contracts can be used on various blockchain platforms. Meanwhile, as the popularity and use of crypto assets grow, smart contracts are being used more often to conduct transactions and exchanges.a
Most crypto projects replicate the standard operating scheme of regular companies or financial structures. However, some projects instead of a central management point have a collective mind, where each participant is entitled to propose his or her vision of the project's development. In recent years, this management model has become increasingly popular, giving rise to a separate trend, namely, decentralized autonomous organizations (DАО). Find out what it is, how it works, and its pros and cons in our article.
The world witnessed the emergence of a new type of payment technology, i.e., cryptocurrencies. Relying on decentralization and anonymity, cryptocurrencies started to gain popularity in different countries as a means of secret payment transactions, including illegal activities. As a response, central banks of many countries started to develop their own versions of this technology, namely, central bank digital currencies. Soon, they will replace the altcoins and stablecoins we are already familiar with.
Tokens are often associated with cryptocurrencies, assuming they are the same thing. Meanwhile, NFT is so much talked about, but hardly anyone knows what it is and what it is used for. Both tokens and NFTs have their own features, distinguished from cryptocurrencies by their intended purpose. Let's talk more about them.
In 2021, the crypto industry attracted more than $30 billion of venture capital investments. Many programmers and financiers tend to enter this field so they can generate money in the new industry. However, despite what they want, many developers don't understand how they can create their own crypto projects from scratch. That's why we provide you a step-by-step tutorial on how to create a crypto project.
Blockchain stands as a secure and decentralized technology. However, the massive spread of centralized crypto exchanges, marketplaces, and custodial digital wallets gives hackers ways to try to steal cryptocurrency by attacking less secure platforms. Our article explains how hackers work and what to watch out for.
Although the DeFi sector is quite new, it has already succeeded in competing with the outdated and sluggish banking system. The list of new services already makes it possible to shift from banks that use fiat money for loans and deposits towards cryptocurrencies. Given the rising rate of inflation with each passing year and the devaluation of monetary units in most countries of the world, the number of DeFi's supporters is only increasing.
There are different ways to make money on cryptocurrencies. Someone simply buys and sells cryptocurrencies on the market, earning income on the difference. Someone invests money in dedicated equipment and starts creating a cryptocurrency, i.e., to mine it. We will discuss the latter method in more detail, starting from the cheapest ways of mining to the most expensive ones.
A sector of numerous cryptocurrencies based on the Proof-of-Stake (PoS) consensus algorithm and the DeFi market, which has been developing dynamically over the past two years, have directly contributed to the widespread and mass application of such a service as staking.
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