Users now need to ask: how many more protocols are at risk?
Blockchains are the critical infrastructure underlying cryptocurrencies. The common feature of these distributed ledgers is the sequential updating of a cryptographically secure, verifiable transaction record among a network of peers all operating under a certain set of rules enforced through the software itself. This record is owned and operated in common by anyone anywhere.
While research in shared ledger technology goes back decades, the arrival of the Bitcoin blockchain introduced the first distributed ledger technology that was thoroughly decentralized and resistant to censorship, seizure and collusion.
Blockchain technology, in its various manifestations including the Ethereum blockchain and others, is ultimately a global consensus system — i.e., it allows people to coordinate and cooperate around a neutral source of information without trusting each other or a central administrator. The use cases are wide-ranging, from finance and energy trading to supply chain management.
At Cointelegraph, we are chronicling the evolving blockchain industry. Is it revolutionary or overhyped? Or both? Will it become the solution to securing trust in finance and global trade? What will be the rate of blockchain transactions in the coming years?
Stay tuned to find out.
A major hardware wallet provider offers a cutting-edge way of backing up cryptocurrency that it says is even safer than a recovery seed.1338
Here’s what decentralized finance experts think about either Ethereum or Bitcoin as the future of DeFi.4824
Energy Web plans to use blockchain technology to help ensure an efficient future for Volkswagen’s electric vehicles.4797
The $200 million will be used to invest in seed and Series A funding rounds for promising cryptocurrency startups.4258
Hedera's proof-of-stake network will act as an energy-efficient foundation for Électricité de France's ongoing mission to become carbon neutral.3081
With major exchanges suffering outages and hacks, and some abruptly suspending withdrawals, are wallet platforms a more compelling alternative?1344
Coinbase CEO Brian Armstrong’s estimated wealth surged 10-fold over the past year to hit $11.5 billion, according to China’s Hurun Research Institute.10833
On-chain metrics for both cryptocurrencies show a marked decrease in the dollar value of transactions and the subsequent transaction fees.17810
Earn is expected to provide extra liquidity to the tZERO platform through exposure to its issuers of property-backed digital securities.4152
Switzerland’s Crypto Valley is continuing to grow despite the Covid-19 pandemic, with its top 50 companies increasing in value by more than $200 billion in less than one year.13795
Cross-chain collateral will soon be available with Compound Finance.9036
The limited-edition NFT artworks are already selling for thousands more than the original price. They combine work from 100 unique artists who might not have entered the space on their own.8764
Bitcoin bulls are looking to eliminate a key overhead resistance level in order to create a path to $55,000.21881
The satirical piece by Banksy pokes fun at the shallow, bloated art industry... So, what would he think about NFTs?9537