Image Source: UnsplashThe world is in the midst of a massive wealth shift. Having enough money to retire comfortably didn’t pose much of a problem in previous eras. However, as the cost of living rises and technology continues to replace human jobs, it is becoming more and more challenging to save up money for the future.
Archives for May 2022
What is Segregated Witness (SegWit) and How Does it Work?
SegWit’s primary objective is to increase the throughput of transactions on a blockchain network. It’s worth mentioning that Litecoin was the first cryptocurrency to deploy the SegWit layer, not Bitcoin.In essence, SegWit decreases the weight of transactions in a blockchain block by dividing them into two portions, thereby boosting the number of transactions included in a block of the same size.The first section of a transaction provides the sender’s and receiver’s wallet addresses, while the second section contains “witness data” comprising transaction signatures. SegWit eliminates “witness data” from the main block, significantly lowering the size of transactions. As a result, transactions take up less space, allowing for more transactions per block and considerably expanding the Bitcoin network’s capacity.Understanding the SegWit protocol (Segregated Witness)Numerous systems make up the bitcoin blockchain that is dispersed throughout a peer-to-peer network. These systems are referred to as nodes, and they are responsible for administering bitcoin transactions. Because all bitcoin transactions are replicated throughout multiple nodes, it is challenging to hack into and damage a trade using this method.The transaction data that is exchanged across several nodes consists of two components: inputs and outputs. The transaction data is composed of two parts: inputs and outputs. In a transaction, there might be one or many inputs and outputs, depending on the circumstances. When the operation is completed, the result contains the recipient’s public address. The public address of the sender is provided as input. To deliver cash to the recipient, the sender must first get the recipient’s public mailing address. The signature, a component of the information, takes up the bulk of the available space in a transaction and certifies that the sender has the money necessary to complete payment. As a result, with each transaction sent, a bitcoin goes from its inputs to its outputs. Once…
Get to Know Cryptocurrencies that are More Eco-Friendly than Bitcoin
In recent months, there has been a lot of focus on Bitcoin’s alarming ecological effect. Although attempts are now being made to reduce the cryptocurrency’s environmental impact, not every system is created environmentally friendly. Some investors are abandoning cryptocurrency in favor of eco-friendly alternatives.There are more than 4500 mineable coins, so which of them are ecological and environmentally friendly? And which altcoins have a better chance of long-term viability than Bitcoin? Here are some of the leading competitors, given in no specific order, with the disclaimer that this is not financial advice.SolarCoin (SLR)SolarCoin is a worldwide, decentralized, and government-free cryptocurrency. SolarCoin may be spent and traded the same way as other digital currencies, but the platform’s primary goal is to reward power saving through solar power.SolarCoin offers a new method to approach cryptocurrencies by releasing one Solarcoin for every MWh of solar energy generated. This network now depends on users submitting paperwork to confirm energy production, but the internet of things may make this method easy with automated updates from solar arrays.BitGreen (BITG)BitGreen was formed in 2017 to combat Bitcoin’s ecological footprint. In contrast to Proof of Work agreement coins, it uses less energy. The firm established a non-profit organization to supervise BitGreen’s upkeep. BitGreen is designed to encourage efficient and environmentally friendly behavior. Users may earn BITG by carpooling, purchasing homemade coffee, and donating. Staking, desktop wallets, and master nodes may also make you BITG. An energy-efficient Proof of Stake method with SegWit and predictable master nodes is used by BitGreen. BitGreen may be spent on BitGreen’s partners’ products and services or exchanged on ProBit Exchange, Mercatox, STEX, and Crex24.Cardano (ADA)Cardano was created by Charles Hoskinson, the co-founder of Ethereum, and was the world’s first peer-reviewed blockchain when academics and scientists evaluated it. It is mainly used as digital…
Bitcoin Dominance
What it is and what it means to crypto.Bitcoin dominance versus the rest of the cryptocurrency space just touched a seven-month high of roughly 46%. It’s been growing all year long despite the fact that bitcoin, along with the rest of the crypto market, is down on the year.What is bitcoin dominance?
Countries that plan to get their Currency on Blockchain
Economic and political principles for introducing the Central Bank Digital Currency or CDBC can vary based on administration. So, what factors have caused a number of countries to start extensive research on Central Bank Digital Currency (CBDC)? The answer is alleviating cash usage, an unexpected worldwide Covid-19 pandemic, and the goal of maintaining the pace with other central banks.Are you excited to know about the curated list of Central Banks that have introduced or have been going through the development phase, or have been experiencing the ongoing research of their CBDC in terms of blockchain?Let us start discussing the crucial information below:Firstly, we are going to check out the countries that have been undergoing the pilot experiment to ensure the feasibility of the blockchain technology for their currency:The South African Reserve Bank or SARB teamed up with seven commercial banks in 2018 to develop “Project Khoka” by leveraging Quorum. In short, Project Khoka was conceived as a blockchain-based interbank system to carry out the day-to-day loads of payments by maintaining stringent security and irreversibility within record time.Project Khoka was a success that marked an excellent achievement for the South African Reserve Bank. The success inspired the SARB to move forward with phase two of Project Khoka. The goal of the phase two was to issue, clear, and resolve debentures on the Distributed Ledger Technology (DLT) by leveraging the power of tokenized money within an MVP (minimum viable product) to notify policy as well as regulatory reflections.The other objective of phase two of Project Khoka is to make participants buy debt instruments with a wToken and a wCBDC. And wToken is considered a stablecoin (privately issued) to streamline interbank settlements. (wToken stands for wholesale digital settlement token, and wCBDC stands for wholesale CBDC).Did you know the Monetary Authority of Singapore (MAS)…
World Economic Forum Commits Tax Evasion
EconomicsHow they do it.Photo by Opal A RoszellThe World Economic Forum (WEF) is a not-for-profit organization comprised of the world’s leading businessmen and government leaders. Through its various committees and councils, the WEF works to promote international cooperation and economic growth by bringing together people from different…
World’s First Global Luxe Lifestyle Events VIP NFT Memberships Launched by Amber Lounge
“Disclaimer: The Capital has received payment in exchange for writing this article”Singapore, May 27th, 2022 — Amber Lounge, iconic and world-renowned for delivering exceptional experiences in and around the Formula One universe, is launching exclusive NFT-based VIP memberships.The ‘Amber X’ NFTs represent an exclusive club with only 1,888 invite-only memberships available for purchase, granting NFT holders lifetime access to a range of international VIP and global Pop-Up events frequented by high net worth and influential individuals across the globe including billionaires, celebrities and other jet-setters.Some celebrity guests and ‘Friends of Amber’ have included Lewis Hamilton, Nico Rosberg, Justin Bieber, Kim Kardashian, Richard Branson, Gordan Ramsay, Pamela Anderson, Kylie Minogue and supermodels such as Naomi Campbell, Josephine Skirver, Petra Němcová and Victoria Silvstedt.Since its inception in 2003, Amber Lounge has been hosting exclusive and luxurious after-parties in many cities around the world, including their signature events following the Formula Oneⓒ circuit across key destinations such as Monaco, Singapore, Abu Dhabi, Mexico City and Shanghai. Their post-race dusk-till-dawn events typically feature an original F1ⓒ drivers’ fashion show and an all-night party with live world-renowned DJs.“In launching our exclusive NFT membership program, we want to appeal to a discerning global party elite who truly appreciate the best in life alongside the world’s most exclusive and glamorous party experiences. We are also actively exploring opportunities across the globe to bring Amber’s parties to more countries where the Grand Prix races and potentially other major global sporting or international events are held,” said Cher Ng, CEO of Amber Lounge and also the co-founder of two world-renowned entertainment spots in Kuala Lumpur, Zouk Club KL and TREC KL.The company has a series of key highlights lined up in their events roadmap over the next 18 months to bring Amber’s exclusivity and iconic after-parties to new cities,…
Interview: Anna Fischer– NF Architects
“Disclaimer: The Capital has received payment in exchange for writing/editing this article”Prepared by Ian Manson, 27th May 2022Anna, thank you for taking the time to join me in this interview to educate our community on NF Architects and your relationship with pax.world. But first can you give us a brief introduction to you and your story?Thanks for having me on this interview. My background is quickly explained. I am a criminal defense lawyer with a small law firm in the town of Zurich, growing from Money Laundering into Art, which led to an Executive Master in Art Sales Management. This is where I first learned about NFTs, the metaverse and how these interact with the art scene. Architecture was then just a natural next step when asking where are we going to view all this amazing art in the metaverse.Why did you get involved in the NFT arena, and where do you think the crypto industry will be in 5–10 years?As I mentioned the classes I took opened my views and improved my knowledge on NFTs. NFTs combine the worlds I know best, law and art. The perception that NFTs are fast money and nothing else is simply wrong. I wanted people to understand that NFTs guarantee ownership, they are a very simple version of proof for a legally binding transaction, simplify the art market massively and making it achievable to everyone, which is a great advantage. It’s no longer about art being a high-end market for people who don’t know where to put their money. It is about the real perception of art, that can touch anyone and now can become achievable to a larger mass.Thank you for your insight. Can you give us an introduction to NF Architects. and its history?Marc Wieneke, my co-founder, who is an amazing…
Utility Stocks Are Making a Comeback
StocksInvestors like utility stocks given their stable dividends, earnings, and growthPhoto by wu yi on UnsplashUtility stocks are starting to become more popular, given their stable earnings, dividends, and growth rates.These 6 dividend-paying utility stocks will likely survive well if there is a recession. They…
Fiat Money Poisons Everything
Fiat money destroys livesPhoto by Giorgio Trovato on UnsplashIn his book, “The Fiat Standard,” Saifedean Ammous documents all the problems that fiat money creates.Underlying the problems of fiat money is the notion of time preference. If your money is being inflated away, you care less about the future. Life becomes only about living right now. And living just for right now leads to all sorts of…