The evolution of Bitcoin mining since its inception in 2009 is nothing short of remarkable. Initially, Bitcoin mining required an ordinary CPU. Still, as per the increased number of miners by the day, these computers were overwhelmed with the power and timeline requirements for…
Until now, much attention has mainly focused on the environmental impact of cryptocurrencies, a focus shared by many. While this is undeniably crucial, it’s wise to recognize that blockchain technology extends its influence beyond just the ‘E’ in ESG. This post will delve into the…
For ages, the gaming industry has seen great technology and innovations come into play. On the other hand, NFTs have also greatly impacted the gaming industry. NFTs are special and unique digital assets that shape in-game items, characters, skins and much more. The innovation has changed…
Over time, blockchain has been a trending topic in the UK. On the other hand, Ethereum, one of the leading cryptocurrencies, has become a darling for investors and tech companies alike. This is evident in the form of numerous diversifications of investment portfolios. What…
Your day-to-day spending could take a different turn once the digital pound comes into play. Your online-store shopping experience could be more seamless thanks to this new piece of technology by the UK government. The central bank digital currency (CBDC) has slowly made headlines…
If you have been following the decentralized finance space, you may be familiar with Uniswap, Aave, Bancor, and MakerDAO. These pioneering protocols have facilitated billions of dollars worth of trades, proving that DEXs can function as intended. Today, we have a whole new wave of DeFi protocols emerging…
As Bitcoin has become more popular, the network has struggled to keep up with the increasing demand for transactions. To meet the demand for transaction processing capacity, Bitcoin users have turned to solutions that provide higher throughput. The Lightning Network is one proposed solution…
Today, the Bitcoin Network is at a crossroads with the traditional resistance to change, and its future is heavily dependent on the balance. Since its inception in 2009, Bitcoin has seen tremendous evolutions, from a concept to a global economic powerhouse, inspiring talks about…
Decentralization is slowly becoming a key innovation in Blockchain technology and one of the most important characteristics of web3 protocols. The path to decentralization is complex as it necessitates making significant adjustments and revaluating the protocols’ basic operation. Vis a vis Web3, decentralization emerges…
We have all seen several headlines predicting the price of Bitcoin. Will it hit £1million in the next few decades, or will it crash? The truth is, no one knows what the price of Bitcoin will be come 2040 or 2050. That said, speculation…
For the longest time, gold has been a benchmark, a symbol of wealth and security for investors across the globe. Yet, the conventional gold market faces challenges like limited accessibility, storage expenses, and the necessity for physical handling. The rise of digital currencies is…
What is a UTXO? An unspent transaction output is the residual digital currency after a cryptocurrency transaction. It resembles the change you receive after a purchase but isn’t a smaller denomination of the currency. Instead, it’s a transaction output in the network-generated database, enabling…
