Bitcoin earned a Guinness world record 2023 recognition as the most valuable decentralized cryptocurrency
El Salvador received recognition as the first country to...
MPC is a kind of super authentication in that a user will authenticate to a network using several factors (e.g., biometrics, identity, password, etc.) without any nodes in the network understanding what they are verifying since authentication computation is part of MPC.
This authentication will have identity management, healthcare, finance, government services, defence, and law enforcement applications. MPC facilitates system interoperability while simultaneously protecting people’s rights and providing them with control and visibility over their data and how it is utilised. MPC stands for the future.
Cryptocurrencies have soared in popularity in recent years. They have progressed from a speculative asset class into one gaining widespread mainstream acceptance. And it is not only individual investors who are interested; cryptocurrencies are finding use in various sectors, including tourism.
Yes, the tourism industry, like many others, has warmed up to these virtual digital assets. It has even spawned a new kind of enterprise, namely crypto tourism. Crypto tourism is a kind of tourism that focuses on cryptocurrency enthusiasts. Tourism provides packaged travel experiences payable for using digital currency or including lectures or seminars about cryptocurrency as part of the trip.
The initiative by EkoLance and TechonomyAfrica directly contributes to five of the United Nations’ SDGs. These include gender equality, education, entrepreneurship, innovation, and social inclusion. Although emerging economies have historically maximised such innovative technology, the initiative will change that pattern for this wave of tech, according to Linda.
The new administration under Kenya’s fifth president, William Samoei Ruto, has taken over in the midst of a global digital revolution. Globally, technologies such as the metaverse and crypto are slowly but steadily taking root.
Kenya has not been left behind in the growth and development of technology. East Africa’s most prosperous economy stands tall within the fourth industrial revolution and web3. Kenya stands tall as a global leader in P2P cryptocurrency transactions in matters of the crypto ecosystem.
However, a lot needs to be done, and the new administration has enough space to execute its plan regarding advancing the Kenyan digital space and the place of blockchain, web3, and crypto.
Certainly, one of the most significant advancements in crypto history occurred on September 15, 2022, when the blockchain Ethereum completed a software upgrade known as “the Merge.” Ethereum’s historical transition from proof-of-work to proof-of-stake signalled the end of its decentralised ledger's energy-intensive, miner-based approach previously used in processing changes.
In 2018, Chris Maurice discovered the need to revolutionize the financial building block to promote Web3 adoption. Through this inspiration, he created Yellow...
The volatility highlighted by the recent crypto slump has had real-world effects, and the lessons gained serve as a reminder of why investors should...
During market turmoil, experts recommend the application of caution when it comes to crypto investing. Utilizing crypto as the only method for protecting assets from inflation would be imprudent. With time, blockchain technologies will improve, resulting in increased stability and the use of crypto as a hedge against inflation. The equipment is already in place.
The cryptocurrency transaction validation procedure structure and design make it consumes a lot of energy with considerable environmental impacts.
Mining is one way of...
People can already exchange crypto for fiat through trades or exchanges with other cryptocurrencies. The popularity, awareness, and acceptance of cryptocurrency and blockchain continue to grow. The more the understanding and usage of crypto, the greater its relevance as a medium of exchange.
NFTs offer the potential for a variety of applications. They are, for instance, an excellent vehicle for digitally representing actual assets such as real estate and artwork. NFTs, since they rely on blockchains, may also be used to eliminate intermediaries and link artists to their fans, as well as for identity management. NFTs have the potential to eliminate intermediaries, streamline transactions, and generate new markets.
There is much more to learn about these options, but one must keep in mind that they each have plenty to offer. Investors and customers of the bank should be aware that both blockchain and DLT provide a higher level of safety and protection for private data than the options available just a few decades ago.
