A roadmap is a plan or strategy that specifies the improvements a project or an organization wants to make. A roadmap for a cryptocurrency project is a document that outlines the development plans of a cryptocurrency or blockchain project.
The InterPlanetary File System, or IPFS for short, is a network of computers that work together to store and share files in a decentralized manner like blockchain technology. The IPFS network is formed by a combination of computers, and the new computers or storage devices in the network can form individual nodes. Basically, IPFS algorithmically encrypts the file to be stored on the network and sends it to devices. Thus, the encrypted file is divided into parts and stored on a decentralized network. IPFS differs from traditional centralized web platforms that rely on a single server, such as the HTTP protocol, because files can span many locations and users can easily access the data.
One of the primary technologies underlying the Decentralized Finance (DeFi) protocols is liquidity pools. A liquidity pool is an accumulation of liquidity formed by funds locked in smart contracts. Liquidity pools are used for decentralized lending and borrowing. In addition, investors who provide liquidity to the pools can earn passive income.
Delegated Proof of Stake (DPoS), an advanced version of the core concepts of Proof of Stake, was developed in 2014 by Daniel Larimer, the founder of BitShares, Steemit, and EOS. Delegated Proof of Stake uses a voting system where users stake tokens to vote for delegates or witnesses. Delegates elected by voting are responsible for network security as well as block creation and verification. Delegated Proof of Stake is a more democratic version of the Proof of Stake (PoS) consensus mechanism. Both algorithms are used as alternatives to high-energy consuming PoW.
Parachains are Layer-1 blockchains running in parallel on both the Polkadot and Kusama networks in the Polkadot ecosystem. As mentioned in the Polkadot whitepaper, Parachains are the last part of Polkadot’s core functionality. Parachains are the structures that will enable Polkadot to realize its scalable multi-chain structure. Sharing the security of the Polkadot network, these blockchains are connected to the Relay Chain, the heart of Polkadot.
Proof of Authority (PoA) was introduced in 2017 by Gavin James Wood, co-founder of Ethereum and creator of Polkadot. PoA is a consensus algorithm that provides a practical, energy efficient, and effective solution on the blockchain. In PoA, block validators are not required to stake cryptocurrencies as in Proof of Stake (PoS) or provide hash rates as in Proof of Work (PoW). Instead, validators use their identities and reputations to validate blocks.
Cryptocurrency mining uses computer power to decode complex algorithmic (mathematical) encryptions. Users called miners validate blocks of transactions sent to the system using hash rates and process them into the blockchain network. The miners are then rewarded for their contribution to the validation process on the network with the corresponding cryptocurrency.
The All Time Low (ATL) of a financial asset is the lowest level recorded so far for the relevant financial asset, is represented by the lowest price ever recorded. The ATL level of a cryptocurrency is found by using historical data.
The all-time high (ATH) is the highest price a crypto currency has reached in its history. For example, Bitcoin reached ATH at 69,000 USD in the fall of 2021.
Total Value Locked (TVL) is a metric used to measure the total value of crypto assets locked on smart contracts in decentralized finance (DeFi) platforms. It represents the amount of funds actively being used on the platform and is widely used to measure the value of a DeFi project. TVL is a very important factor in increasing the popularity of a DeFi project within the ecosystem.
A Yellow Paper is a more technical version of a White Paper. It is an official document that contains all the details of a project, including the technical details of the project. Yellow Paper is released along with White Paper when a new cryptocurrency is released, providing comprehensive information about the potential uses of the project.
The "play to earn" business model, which is becoming increasingly popular in the gaming industry, has significant implications for the future of gaming economics. This model empowers players by allowing them to have true ownership over digital assets acquired within game environments.
Diamond Hands is a term that has emerged on social platforms like Reddit and Twitter, particularly among crypto investors. Investors who hold onto a financial asset despite its price dropping are referred to as Diamond Hands. These investors typically use long-term strategies and believe that the financial asset will eventually recover in the long run,
Individuals or organizations that have a large amount of cryptocurrency are called crypto whales. They can perform high-volume cryptocurrency buying or selling transactions, and these transactions can manipulate the market price due to their volume. There is no set limit but as an example, it is generally accepted that a Bitcoin whale has at least 1,000 Bitcoins.
The Theta Mainnet 4.0 update was released on November 2. And the Theta Mainchain launch will take place on December 1. You can keep track of other events using our event calendar. Let us explain what the Theta Network is and what the Mainnet 4.0 update includes.
According to CoinDesk, Alameda Research was unable to repay its debt and a report was shared on this subject. CZ, who was one of the seed investors during its establishment, announced that he sold his shares in the FTX exchange last year. He stated that they will also sell the assets (FTT) acquired after this sale.
The gaming ecosystem, which has become one of the most valued categories in the entertainment industry, keeps on growing each day. A report called “Gaming Spotlight” on the gaming trends in 2022 has been published by data.ai and IDC. More than $22b were spent on mobile games, as stated in the report, and in the first quarter of 2022, the game industry grew by 42% compared to the first quarter of 2020.
Elrond is a blockchain-based platform that allows its users to develop decentralized applications (DApps) and cryptocurrencies that will contribute to the new digital economy. The project aims to solve the scalability problem experienced in blockchains. Elrond offers its users a scalable platform with high transaction speed at low transaction fees.
Launched in 2020, DODO (DODO) is a China-based decentralized finance (DeFi) protocol powered by a Proactive Market Maker (PMM) algorithm built on Ethereum (ERC-20) and Binance Smart Chain (BSC). It provides a decentralized exchange trading platform (DEX). DODO, which is also an on-chain liquidity provider, aims to maintain price stability while offering better liquidity than Automated Market Makers (AMMs) by using the Proactive Market Maker (PMM) algorithm. The native token of the platform is DODO.
The Internet Computer blockchain incorporates a radical rethink of blockchain design, powered by innovations in cryptography. It provides the first “World Computer” blockchain that can be used to build almost any Web 2.0 online system or service, and web3 services, including demanding web3 social media services, without any need for centralized traditional IT such as cloud computing services. It also enables smart contracts it hosts to directly create transactions on other blockchains. As such it enables the full end-to-end decentralization of online services and web3 for the first time.
Decentraland is a blockchain-based virtual world. This virtual reality platform is powered by the Ethereum blockchain. Users can create unique contents, applications and earn revenue from these applications on the Decentraland platform. The land you buy is processed on the blockchain to prove its ownership to you. On these lands, land owners can create whatever content they want. These contents can be a stage, show, gallery as well as playgrounds.
US-based e-commerce giant Amazon plans to launch an NFT initiative, according to Blockworks.
The U.S. Securities and Exchange Commission (SEC) announced its decision on the application for a spot Bitcoin exchange-traded fund (ETF) filed by stock collector Cathie Wood's Ark Investment Management and cryptocurrency investment products provider 21Shares.
The Algorand Foundation has hired former WhatsApp and Nike executive Jessica Tsai Chin to lead its marketing efforts.
It is revealed that BlockFi has invested a total of $1.2B in FTX and Alameda Research. BlockFi, a US-based cryptocurrency lending firm, filed for Chapter 11 bankruptcy on Monday, Oct. 28.
According to Coingecko data, the Porsche NFT collection has increased by 180% to around $4000 USD in the last 24 hours.
Tesla has just released its Q4 report, which shows that the company did not buy or sell any Bitcoin in the 4th quarter of 2022.
The number of unique users on the Aave protocol decreased by 25.16% last month, according to Messari. Aave's new partnership with Lemon App could help boost that number and spur growth, but the decline in unique users could also signal serious problems with the protocol.
Ecosystem's important events that will take place in January of cryptocurrencies listed on Bitexen.
Ecosystem's important events that will take place in December of cryptocurrencies listed on Bitexen.
Ecosystem's important events that will take place in November of cryptocurrencies listed on Bitexen.
Ecosystem's important events that will take place in October of cryptocurrencies listed on Bitexen.
Ecosystem's important events that will take place in September of cryptocurrencies listed on Bitexen.
Ecosystem's important events that will take place in August of cryptocurrencies listed on Bitexen.