As the crypto industry is experiencing surging demand from users, scalability has become an even more important issue.
Since top blockchains like Bitcoin and Ethereum feature limited throughput, improving their scalability is vital to handling the increased network load as congestion often leads to excessively high transaction fees and processing times.
And it goes without saying that this discourages many from using decentralized applications (dApps) and other on-chain solutions. Instead, these users (and many developers as well) move to competing blockchains that feature better scalability by often sacrificing a degree of decentralization or security.
To avoid the above scenario, blockchains…
Savings products allow users to earn free cryptocurrency through placing their cryptocurrency in an exchange’s cryptocurrency savings product.
Cryptocurrencies listed in the savings section will have a yearly APY. For example, AAX currently have their Solana summer savings event going on. This allows users to earn up to 20% APY on various cryptocurrencies.
In figure one, we can see that there is a 10% APY rate on SOL. Therefore if you deposit 50 SOL for one year, after 365 days (providing APY remains constant) you will have 55 SOL.
Figure one — SOL APY AAX 20/08/21
All markets swing between bullish and bearish periods. For example, from January 2017 — January 2018 the total cryptocurrency market capitalization increased from $15 billion USD to $700 billion USD. This was clearly a bullish market period as there was substantial growth (higher than national inflation rate) during a short period of time.
However, between January 2018 to January 2019 the total cryptocurrency market cap fell from $700 billion USD to $91 billion USD. In only a year the cryptocurrency market cap fell by 87%. This was certainly a bearish time for the cryptocurrency market.
Bitcoin is the object of endless discussion. This conversation is important.
So let’s continue:
Bitcoin is a disruptive technology from an economic standpoint and a powerful instrument for leveraging the possibilities of its underlying technologies for the purpose of creating a highly competitive parallel economy that could oppose the traditional form of centralized monetary governance.
As such, the asset is becoming a weapon in the hands of not only various financial and other activists, but is also taking on the shape of a proverbial “Philosopher’s Stone”.
The discussions around Bitcoin and the possibilities it has are quite diverse and, at…
While a DAO has nothing to do with Daoism, ironically, both the DAO as a concept and the tradition share a dislike of central overreach.
Irony aside, in the crypto world the term DAO stands for “decentralized autonomous organization” and can be described as an open-source blockchain protocol governed by a set of rules, created by its elected members, that automatically execute certain actions without the need for intermediaries.
In very practical terms, imagine a company with no CEO, no staff, no entity, no jurisdiction and no owner, but still operational through the simple — but also very very complex…
While most of the market has been trading sideways since the major correction that took place only a couple of months ago, some coins have bucked the trend and secured massive gains. AXS of the Axie Infinity project is one of those coins, surging 1000% between June and July 2021 reaching $53.28, its all-time high to date.
Why? Perhaps because we’re talking about a Pokémon-inspired game where fierce little NFT-based creatures called Axies battle and hunt for treasures. Over the 250,000 active users spend their time building armies of Axies, joining tournaments for prize money, breeding new creatures for auctioning…
Cosmos Network aims to provide the solution to the lack of interoperability between blockchains in the DeFi world. Referring to themselves as the “internet of blockchains”, the project can be considered as being part of the third generation of crypto, by creating the tools we need to scale into the next level of decentralized finance.
Today, there are many different blockchains on top of which services and their respective tokens are built. Most of these blockchains cannot communicate with each other directly, and the supporters behind individual blockchains tend to resort to bickering and competing in a maximalist way rather…
Fantom is another third-generation decentralized finance project with ambitious plans, offering an all-in-one suite of DeFi products together with development tools for building. The project has been highlighted often in crypto media recently, following adoption of its mainnet Opera Chain and a long string of partnerships and integrations including Chainlink, Ontology, Royal Star Pharma, and the Afghanistan government.
Fantom is what DeFi needs to enter its new growth chapter. It is a one-stop solution for blockchain developers who want to build dApps based on fast and secure protocols. Fantom Opera Chain is the Fantom mainnet, facilitating staking services and Ethereum…
Following a public token sale on the Binance Launchpad, Alpha Finance Lab was launched in 2020 by Tascha Punyaneramitdee, former head of strategy at Brand Protocol, and Nipun Pitimanaaree, a graduate in Mathematics and Computer Science from MIT.
The goal of Alpha Finance Lab is to accelerate adoption and expand the userbase for DeFi services. The way they want to achieve this is by creating a series of Alpha products that work across blockchains to capture unaddressed demand from existing crypto users and make it easier for new users to get into DeFi.
The problem in DeFi that Alpha Finance…
In some jurisdictions, crypto is subject to tax. Trading, spending or selling crypto can constitute taxable events. Calculating taxes requires you to consider gains and losses and if you’re getting paid in crypto, you might also need to pay income tax.
AAX cannot possibly advise users on their tax obligations and if you are concerned about this, it is best to consult a local tax advisor. Evading tax can be risky and may come with penalties.
Whether you’re a HODLer or a trader, chances are, at some point, you’re going to have to pay taxes. …