One of the sectors that moved into crypto in 2020 and 2021 was the sports industry. You might be thinking Esports or entertainment gaming, but this is actually mainstream professional sports. Both athletes and teams have made their entry into crypto, in very unexpected ways. It was not just in terms of endorsements for a coin or token, but actual holding of the digital asset. While acceptance from the traditional finance sector would be the least expected, it would be more acceptable with professional sports.This combination is sending shockwaves across the world. Imagine seeing your favorite sports venue with the name of a cryptocurrency exchange. Think about your favorite athlete accepting their salary in cryptocurrency without objection. Now, how about the chance of owning your team’s very own token in the form of NFTs (Non-Fungible Tokens)? This is what has been happening, and it is not behind the scenes but out there for the public to see.The Miami Heat, a professional basketball team from the US NBA league, has entered into a partnership with crypto exchange FTX. In their agreement, the home arena where the Heat plays their games was renamed to FTX Arena starting in the 2021–22 season. FTX has emerged as a major player in the crypto industry, with success in digital exchanges.Following the FTX/Miami Heat partnership, another crypto exchange, Crypto.com, made waves when it made a deal with the Staples Center. This is the home of the Los Angeles Lakers. In that deal, which is worth $700 Million for 20 years, the arena will be named Crypto.com Arena. This has received some backlash, but for the most part, it is a done deal.Whether this is a trend or not, it shows that crypto exchanges have clout. Binance and Coinbase are other large exchanges, but they have not…
Ethereum
What is Taproot and How will it make BTC Better?
Are you familiar with the concept of cryptocurrency? Yes? Then, you may know the importance of the security, scalability, and confidentiality of this digital payment system. However, the lack of these three features raised concerns for many.Even it remains the same for BTC or Bitcoin, which is touted as the most prominent cryptocurrency in the world. However, the introduction of Taproot has eliminated these concerns.Taproot was introduced on 14th November 2021 as an upgrade to the BTC (Bitcoin) network. This upgrade has relieved many, as most people were expecting for its implementation since the evolution of SegWit.The main goal of Taproot is to modify the operation of BTC scripts to scale up security, privacy, and scalability. However, many other improvements can be made possible by integrating Taproot and Schnorr signatures.Taproot also aims to take the network’s ability for smart contract processing to a new level. All these benefits of Taproot have made it the most important BTC upgrade so far.You already know Taproot is the most distinctive upgrade so far (the last major upgrade was SegWit in 2017). However, it is also significant to be aware of the elements of the Taproot upgrade.The Taproot upgrade comes with three unique BIP or Bitcoin Improvement Proposals. It includes Tapscript, Taproot, and Schnorr signatures (it is a brand new digital signature concept). When it comes to the advantages for BTC users, Taproot has not disappointed at all. This cutting-edge upgrade alleviates transaction fees and boosts transaction confidentiality.In addition, the Taproot upgrade also helps BTC to perform complex transactions and increase BTC’s capability or applications to give strong competition to Ethereum (in terms of supporting NFT & DeFi and smart contract potentiality on the network). Note that NFT stands for non-fungible token and DeFi stands for Decentralized Finance.The proposal for the Taproot upgrade was…
What The Hell Are NFTs(Non-Fungible Tokens)? Are People Seriously Buying .jpg Files?
sourceWe must constantly upgrade our knowledge to stay up with the world’s exponential growth in digitalization. NFTs, or Non-Fungible Tokens, have sparked so much interest that celebrities such as Amitabh Bachchan, Snoop Dogg, Steve Aoki, Eminem, and Shawn Mendes have jumped on board.Kevin McCoy sold his non-fungible token “Quantum” for 1.4 million dollars in 2014, making it the first-ever NFT to be sold.Despite the fact that NFTs have been on the market for a long time, many of us are still unfamiliar with the notion.Weirdly, this was my NFT perception a few months ago, which I tweeted like;But then I started looking into it to get to the bottom of it, and it appeared like NFTs were here to stay. And it’s critical to educate ourselves about them before boarding the train.Non-Fungible Tokens are all the rage these days. For 10,000 NFTs, sellers on sites like Fiverr and Upwork charge anything from 50,000 to ten lakh rupees. As a result, you have a terrific opportunity to learn this new skill and seize the opportunity. This looks like the same paradigm as the dot-com boom of 2000.What Exactly Are NFTs, And Why Are They So Trendy?Non-fungible Tokens are cryptocurrency assets that represent a variety of distinct physical and virtual commodities, such as real estate or visual art.NFTs are one-of-a-kind, just like actual artwork, and they leverage blockchain technology to verify their authenticity, allowing you to know the difference between an original and a clone.Request: Follow this article of mine to know more about blockchain…They are simply blockchain record that allows collectors to build a digital collection with each item being able to verify its original issuer.Approach it this way:sourceLeonardo Da Vinci created only one painting of the Mona Lisa. Individuals can easily replicate copies or paint their own versions, but only…
Cardano 911 — Twenty interesting facts about Cardano
This story is addressed to people who want to enter Cardano’s cryptoworld, but do not have enough time to study the documentation.Cardano blockchain is named after Gerolamo Cardano, who lived in the 16th century and was an outstanding scientist and researcher in many fields of Renaissance science: medicine, biology, astronomy, physics, mathematics, and philosophy. He invented a Cardan shaft with universal joints (used in contemporary vehicles) and introduced the Cardan grille, a cryptographic writing tool. In my humble opinion, the last is the main reason why his name (besides its euphony) was chosen for the new cryptocurrency platform started working in 2017.After leaving the Ethereum project, Jeremy Wood started Input Output in 2015. He is Cardano’s co-founder and Chief Strategy Officer in IOHK. The architect, CEO, and co-founder of the Cardano platform (as well as the co-founder of BitShares and Ethereum) is Charles Hoskinson. Cardano team is truly international — there are more than 400 people across 50 countries. The team consists of developers, researchers, supporters, and management. At the moment, network is driven by IOHK, whose headquarter is located in Hong Kong, Input Output Global, and Swiss-based Cardano Foundation.At the moment (September 2021), a key market for ADA circulation is Africa, Asia, and Latin America, i.e. developing economics. The main idea behind that is to help people in developing countries to implement simple, affordable, reliable, and secure decentralized financial services (DeFi). In such countries, most people do not have the opportunity to open a bank account or to ensure life and property.Nonetheless, the fact that staking pools are predominantly located in developed countries is absolutely evident.Individual validators on the global mapADA cryptocurrency ticker stands for Ada Lovelace, who was the English mathematician, first computer programmer, and daughter of Lord Byron. Lovelace is a minimal part of ADA, the same…
This is Your Last Chance to Buy Cosmos (ATOM)
Layer 0 will be one of the biggest trends for 2022Isaiah McCallFollowJan 8 · 4 min readImage from TwitterBitcoin is gold, but better.Ethereum is a super world computer.Flath Earth token is God.What does any of this mean?Some days, I’m not so sure.
An Overview of Worthpad, the Gateway to Digital Asset Investments
“Disclaimer: The Capital has received payment in exchange for writing this article”Worthpad represents an innovative decentralized platform that makes investing in DeFi and crypto projects easy and accessible to the community. The ecosystem is built around six components which cater to different goals. As such, each feature on Worthpad focuses on bringing several solutions to DeFi and the entire crypto space.The building blocks include the Worth DVC Fund, Worth DEX, Worth Insurance Treasury, Worth Smart Contract Foundry, $WORTH token, and the Worth IDO Launchpad.Today, the crypto market hosts a wide range of digital asset investment protocols. However, several challenges end up affecting both investors and project owners. Worthpad hopes to limit these barriers by introducing an investment product to the community.At the same time, the project plans to stimulate the growth of new crypto projects. Here’s what users can expect from Worthpad.Some of the features found on Worthpad include:According to the platform, crypto entrepreneurs usually lack access to investment capital. Worthpad intends on providing a convenient way of conducting fundraising activities for digital asset projects.New and existing crypto projects can receive the support they need to grow through the Worth IDO Launchpad. In essence, the launchpad helps platforms to generate investment funds. Incubation also offers project founders marketing and advisory services, which could be helpful when building a user base.This needs to be reworded. In Worthpad’s IDO launchpad, new project owners can access several products such as the Worth Incubator.Therefore, Worth Incubator provides marketing/PR services, auditing, and expert advice. The incubator further offers projects with investment capital that assists in building an adequate user-base.Worth accelerator is yet another product found in Worthpad’s IDO launchpad.Under the accelerator, startups with a working MVP receive various resources and mentors who will contribute to the projects’ overall growth. Worth Self Launcher is the third…
DYP Founder Purchases a BAYC NFT Ahead of the DYP PAW NFT Collection Launch
A Twitter post by the DeFi Yield Protocol’s CEO and founder, Mihai Nicusor Busica revealed his purchase of an NFT from the Bored Ape Yacht Club collection on January 3. The Bored Ape Mihai acquired is #1112, which he paid a whopping 80 ETH for, equivalent to $304 000.His announcement comes two weeks before the launch of the protocol’s NFT collection, the Cats and Watches Society collection. The event set to unroll on January 17 will also entail the launch of its V2 marketplace.According to Mr. Mihai, his first purchase from the BAYC collection is his way of showing his support towards NFTs. Furthermore, he considers it the best time to join the BAYC movement, before the launch of the DYP NFT collection.So far, the BAYC collection has been making a name for itself in the market, holding some of the most coveted pieces in the space. According to a Dune Analytics report, the collection has garnered over $500 million since the start of its sales.The collection contains 10 000 of the Bored Ape NFTs, with some selling as high as over 700 ETH. Mr. Mihai is now among the many who have invested in BAYC, considering notable figures, such as Snoop Dogg, Eminem, Jimmy Fallon, Post Malone, Steve Aoki, and more.The Cats and Watches Society CollectionThe Cat and Watch Society collection is a brainchild of the DYP protocol, leveraging the support of the Binance Smart Chain, Avalanche network, and Ethereum blockchain. The collection, also dubbed PAW, will be inclusive of 10 000 cats with 182 traits for any interested party to choose from, including clothes, color, watches, to mention but a few.To avoid bias during the sale, the protocol will ensure that every PAW NFT sells at the same price; that is, $250 dollars for every Cat, while eliminating…
Top 5 Best Ethereum Alternatives
Buterin, a software engineer, posited in 2013 that blockchain, the underlying technology of cryptocurrencies, might be used to enable not only financial transactions but also a wide range of other decentralized applications. Ethereum, the 2nd largest crypto and “global computer,” was built on Buterin’s notion because it eliminates the need for centralized servers to operate apps.In today’s decentralized apps (dapps), the Ethereum blockchain enables everything from social networking — collectible cards to news to virtual reality gaming. However, Ethereum isn’t a flawless platform because it’s the first of its type. It consumes a lot of energy, moves slowly, and costs a lot to do business with. It also has scalability problems, which means that as the number of Ethereum users grows, so do transactions and applications.Other blockchains have arisen in the last few years that provide frameworks for transferring monetary value and executing apps while solving Ethereum’s flaws. Keep an eye out for these five Ethereum alternatives with huge promise in the coming years.1. Free TonA million transactions per second are possible with Free TON’s scalable and secure blockchain infrastructure. It is a turn following Telegram’s original aim to transfer its app to its blockchain.Free TON uses several blockchains to speed up millions of transactions. In addition to government agencies, the network serves business organizations and individual users.Despite Ethereum, Free TON isn’t centralized. It is backed by a decentralized autonomous organization (DAO), a group of people who utilize smart contracts for voting on project developments.The TON Crystal is the currency of Free TON. The TON Crystal’s quickness and low transaction costs are two of its most appealing attributes. A transaction fee of less than $0.01 and a coin conversion fee of less than $0.05 will be charged to TON users (swaps). To authorize and record new transactions on its blockchain,…
Shortage.finance Adding Value to Users through Its Ethereum-backed Token
Shortage is one of the most recent projects in Q4 2021, creating a continuous backing for its token to help with its overall value in the long term. The project describes its token as a safe-haven asset, leveraging Ethereum as the backing currency. Notably, the straightforward nature of its ecosystem will be a beneficial factor to both starters and professionals in the industry today.According to the project, its token is not suitable for trading or short-term investing. This factor is mainly due to its target to add more value as time goes by, incentivizing its holders to store the currency. It also assures users that there is no team to claim any portion of the supply or change the dynamics of how the token and its smart contract works. Anyone can confirm on etherscan.io that the team has transferred the ownership of the smart contract and 100% liquidity to the dead address. This fact further proves that the team has zero control over the project.Moreover, it has no allocation of the token’s supply to marketing strategies, depending on the community to take up the task. Shortage believes that every holder can take a step to spreading the word about the token through social media, paid campaigns, and sharing to relatives or friends, among others.Understanding RTG TokenomicsThe first unique thing to understand about the RTG token is that there will be no official presale. The project has a great focus on liquidity and burning the token during its existence in the industry. The whole concept surrounds reducing its supply while increasing its Ethereum backing.RTG is an ERC-20 token with a total supply of 2 billion tokens. On December 27, the coin earned a listing on Uniswap V2, which will be the main exchange where you can acquire the coin. 50% of…
Your Guide To Researching Tokenomics
Learn What Determines The Value Of A Cryptocurrency Or Token And Prepare Yourself For The Next Altcoin Season!Source: figma.comAs of 2022, there are about 6.000 Crypto tokens. That’s a lot of opportunities for investors. However, just in 2021, investors lost $12 Billion to fraudulent Crypto projects. So it’s paramount to pick the right ones.In this guide, I’ll teach you everything you need to know about tokenomics — the economics of tokens and coins.You can see it as an extension of my big how-to on Crypto research which you can find here:With that, let us get to the point and see what things we should pay attention to before investing in a token or coin!What Is The Difference Between A Token And A Coin In Cryptocurrency?While both terms are often used synonymously, the term coin usually refers to a cryptocurrency running on the layer 1 blockchain. A token is created by a layer 2 protocol and must adhere to the rules of the base blockchain it is using. Tokens have functionality such as allowing votes or acting as digital representations for real-world assets. A token can also be used as payment within the protocol. While a token is generally not recognized as money, its value depends on how the overarching project is performing.What Are Tokenomics in Crypto?The word tokenomics refers to the study of the economics of cryptocurrencies and tokens. This enables investors to determine the quality and value of potential investments. Tokenomics have a strong influence on sell and buy decisions.Click me.Here is the process I use for researching tokenomics. The following points do not require any special knowledge or skills.1. Crypto Layers ExplainedLet’s start with taking a closer look at a blockchain’s layers because it’s important that you understand this stuff.The first thing you need to know is whether…