crypto blog
Inside the blockchain developers’ mind: Building a free-to-use social DApp
Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind, written by Andrew Levine of Koinos Group. In my first article in this series, I explained why Ethereum and Steem haven’t been able to deliver a mainstream social decentralized application (DApp). In my second article, I explained how EOS attempted to combine features of both chains but it did so in a way that still required users to buy high-priced random-access memory (RAM) for accounts and smart contracts. In this article, I want to take a different approach to this problem, not based on comparisons to existing platforms but based on first principles. Instead of constraining our imaginations based on the limitations of t...
Top 5 cryptocurrencies to watch this week: BTC, LUNA, AVAX, ATOM, FTM
The geopolitical news flow is likely to result in volatile moves in Bitcoin (BTC) and altcoins in the next few days. News of Russian President Vladimir Putin ordering the nuclear deterrence forces on high alert may be viewed as a negative, but reports of talks between the warring nations could be positive as it raises hopes of an end to the conflict. The crypto community came into focus as the Ukrainian government called for help and sought crypto donations. Some individuals on social media said their Ukrainian credit cards had stopped working and they were not able to withdraw money from their banks. They highlighted how crypto was the only money left with them. Crypto market data daily view. Source: Coin360 While some analysts are projecting that Bitcoin may have bottomed out, Cointelegr...
Solid DEX-related tokens you can buy on February 27: CRV, SNX, 1INCH, BNT and SRM
CRV, SNX, 1INCH, BNT and SRM are all solid DEX tokens. Each token serves a specific role and backs a specific project. They all have the potential for growth going forward. CRV, SNX, 1INCH, BNT and SRM are some of the best DEX tokens you can purchase on February 27, 2022, and we are about to go over each of them individually. Should you buy Curve DAO Token (CRV)? On February 27, 2022, Curve DAO Token (CRV) had a value of $2.36. The all-time high value of Curve DAO Token (CRV) was on August 14, 2020, when it was worth $54.01. January’s performance of Curve DAO Token (CRV) indicates that its highest point was on January 4, when it reached $6.70, while its lowest point was on January 24 at a value of $2.40. This was a decrease of $4.3 or by 64%. With this in mind, CRV can reach $3 by the end ...
Crypto community reacts to Russia’s war in Ukraine
Russia’s military intervention in Ukraine has elicited a strong reaction from the cryptocurrency community. The news of the invasion initially sent Bitcoin (BTC) and other cryptocurrencies tumbling. The U.S. government has since responded to Russia’s invasion with stringent economic sanctions that have helped crypto prices rebound from their initial price collapse. Amid all the doom and gloom, there are a few voices of hope in the crypto community. Ethereum co-founder Vitalik Buterin, a Russian citizen, voiced vocal opposition to Russia’s invasion and said the country should not have abandoned the prospect of a peaceful resolution to the conflict. FTX CEO Sam Bankman-Fried decided to step up and offer monetary support to Ukrainian traders. Every Ukrainian account ho...
Dogecoin co-founder slams memecoins, DAO aims to buy Denver Broncos, and BTC tourism surges 30% in El Salvador: Hodler’s Digest, Feb. 20-26
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Former Cisco employee launches DAO to buy Denver Broncos A freshly launched decentralized autonomous organization dubbed BuyTheBroncosDAO is aiming to raise enough capital to purchase the NFL’s Denver Broncos for roughly $4 billion. The project is offering fans of various levels of wealth the chance to own a slice of the Broncos, as there is no minimum requirement on how much they need to contribute to participate to the DAO. “The purpose, essentially, is to establish an infrastructure so that fans...
EU Commission to remove Russian banks from SWIFT cross-border network
The European Commission announced to remove a number of Russian banks from the Society for Worldwide Interbank Financial Telecommunication (SWIFT) messaging system, aimed at hindering Russia’s capacity to carry out cross-border payments. In a joint statement released by the European Commission, leaders from France, Germany, Italy, the United Kingdom, Canada, and the United States highlighted their shared interest in defending Ukraine from the war against Russia: “We will hold Russia to account and collectively ensure that this war is a strategic failure for Putin.” While condemning the Russian president Vladimir Putin’s move to lay siege across Ukraine, the EU Commission committed to undertake a series of measures to isolate Russia from the international financial system. President o...
Terra’s Mirror Protocol MIR rebounds 40% two days after crashing to record low
Mirror Protocol, a decentralized finance (DeFi) protocol built on the Terra blockchain, was hit by one of the biggest collapses in financial history this week after Vladimir Putin ordered military strikes against Ukraine. Terra tokens rally Mirror Protocol’s native token, MIR, dropped to $0.993 on Feb. 24, its worst level to date amid a selloff across the broader crypto market. But a sharp rebound ensued, taking the price to as high as $1.41 two days later, up more than 40% when measured from MIR’s record low. MIR/USD four-hour price chart. Source: TradingView Just like the drop, MIR’s upside retracement came in the wake of similar recoveries elsewhere in the crypto market. But interestingly, MIR/USD returns appeared larger than some of the highly valued digital assets, i...
An overview of the blockchain development lifecycle
This process is a proven and tested method for blockchain developers in the industry. Organizing the process in this manner yields the most efficient and ideal outcomes. The blockchain application development process comprises eight steps, detailed below. The eight steps in the blockchain development lifecycle: Define the problem to be resolved with blockchain application The first step of this process involves identifying a problem that a blockchain can resolve successfully. It can be both costly and unnecessary to use a blockchain when it is not required. Therefore, it’s critical to identify a real-world problem that a blockchain can resolve. Choose the best-fitting consensus mechanism Each blockchain project utilizes its own consensus mechanism. T...
The DAO is a major concept for 2022 and will disrupt many industries
The blockchain and cryptocurrency rave is not ending anytime soon. And as more people are being introduced to revolutionary technologies in the digital space, new improvements upon these technologies are also being introduced. In the last couple of years, the DeFi and NFT industries have experienced immense levels of growth and, currently, metaverses and Web3 are the technologies making the digital space light up. It is not yet clear where these disruptive technologies will lead us, but we are sure that there will be much value up for grabs. At the convergence of Web3 and NFTs lie many platforms looking to leverage technology and infrastructure to make the NFT ecosystem more decentralized, structured and community-driven. Using both social building and governance, the decentralized a...
Ukraine accepts Bitcoin, Ethereum, USDT donations to fund ongoing war
Within the first week of the Russia-Ukraine war, the Ukrainian government has reached out to the crypto community on Twitter for raising funds to support its civilians and troops. Ukraine has now started accepting Bitcoin (BTC), Ethereum (ETH) and Tether (USDT) as donations. As Russia threatens to take over Ukraine’s capital city of Kyiv, the government of Ukraine sought help from numerous international organizations to overpower the imminent threat. However, considering time is of the essence, the official Twitter account of Ukraine extended its call for help to Crypto Twitter. Stand with the people of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT. BTC – 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P ETH and USDT (ERC-20) – 0x165CD37b4C644C2921454429E7F9358d1...
Why decentralization isn’t the ultimate goal of Web3
The transition from Web2 to Web3 is inevitable. Yet, as the demand for decentralization gains momentum, several important questions are being raised about the current state of blockchain technology and its promised “decentralization.” Vitalik Buterin responded with a confession that “a lot of it comes down to limited technical resources and funding. It’s easier to build things the lazy centralized way, and it takes serious effort to ‘do it right.’” Or, Jack Dorsey’s recent tweet where he claimed that it’s actually the venture capitalists who own the networks that exist today. You don’t own “web3.” The VCs and their LPs do. It will never escape their incentives. It’s ultimately a centralized entity with a different label. Know what you’re getting into… — jack⚡️ (@jack) Decembe...
What is the role of a decentralized autonomous organization in Web3?
A DAO empowers its community members with voting rights and allows investors to send, receive and store value globally, automatically and anonymously. For years, automated systems have been viewed as a way to reduce annoying hurdles to humans, such as dealing with lengthy and burdensome traditional bureaucratic systems. A DAOs’ purpose is to primarily to help resolve such issues and encourage humans to focus on better productivity and other more rewarding aspects of an organization. A DAO’s automated system does not require a traditional central management, which is more vulnerable to failure, human error and manipulation. In terms of real-world applications, what can a DAO do? The lack of hierarchical management allows the organization to have different...
