Blockchain Archive

Ethereum and its implication for DeFi- How Ethereum and DeFi are synonymous
April 2, 2024
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In recent years blockchain has been involved in all business moving forward Ethereum and DeFi (decentralized finance) are synonymous in the sense that Ethereum is the blockchain platform that has enabled the development and growth of the DeFi ecosystem. DeFi refers to the use of blockchain technology and smart contracts to create decentralized financial services,

Artificial intelligence in blockchain technology: How AI impacting blockchain
April 1, 2024
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Artificial intelligence (AI) and blockchain technology are two of the most revolutionary technological advancements of our time. While both have made significant strides in their respective fields, the intersection of AI and blockchain has the potential to completely transform the way we conduct business, manage data, and interact with technology. Let’s see how it creates

What is proof of stake? – proof of stake vs proof of work
March 28, 2024
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We all know blockchain has its standards in each industry. It has two prominent consensus mechanisms Proof of Work (PoW) and Proof of Stake (PoS). We shall delve into the intricacies of Proof of Stake and compare it with Proof of Work, using real-time examples to illustrate their differences and advantages. Understanding Proof of Stake

Important things to know before investing in cryptocurrency – advantage and disadvantage
March 27, 2024
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A sum of savings turns into big investments and now in recent days, many companies call upon the term “Cryptocurrency” which has become a popular investment option in recent years. However, before diving into the world of digital currency, it’s important to understand the advantages and disadvantages of investing in cryptocurrency. What is Cryptocurrency? The

Cryptocurrency in banking industry – Impact of cryptocurrency in traditional banking
March 25, 2024
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The rise of cryptocurrency has had a significant impact on the traditional banking industry. Over 425 million cryptocurrency users worldwide invest and utilize cryptocurrencies such as Bitcoin, Ethereum, and Ripple which have gained popularity as a decentralized and secure form of digital currency. As a result, many banks are now exploring ways to integrate cryptocurrencies