Tag: Web3

IIT Madras Champions Metaverse Ethics with Innovative Policy Framework

As part of the MIPS initiative, IIT Madras is leading the way in developing metaverse policies and standards. The eXperiential Technology Innovation Centre...

Yuga Labs offloads 2 NFT games amid effort to ‘unshackle’ BAYC team

Yuga Labs, the creator of Bored Ape Yacht Club (BAYC), sells the IP rights of two NFT games, HV-MTL and Legends of the...

A Deep-Dive into Somnia’s Quest for the United Metaverse of Web3

Somnia identifies the fragmentation within the digital asset metaverse landscape, highlighting the need for a unified and interconnected virtual space. Strategic partnerships and...

Blockchain’s Impact on African Financial Services”

With the power of blockchain technology, African financial services have significantly improved. For instance, Bitpesa, Yellow Card, and Fluttewave operate across several African...

NFTs and Intellectual Property: Pioneering Digital Rights Management

NFT technology has pioneered improved intellectual property management. Although NFTs can be traced back to concepts like Colored Coins and Rare Pepes, it...

Web3 and DeFi: Catalyzing Economic Growth in Africa

Decentralized finance, fintech, and cryptocurrency proved once and for all that Web3 in Africa will provide the continent with one of the fastest...

Binance’s Halving Initiatives: Shaping the Future of Cryptocurrency Trading

Binance is launching a pioneering campaign to galvanize participation and investment within its ecosystem. The first, a warm welcome to newcomers with a...

Nokia’s Metaverse Initiative: Pioneering the Future of Network Infrastructure

Nokia Corporation has charted a strategic course toward harnessing the "broader potential of the metaverse," as per their Technology Strategy 2030. Nokia is...

Forbes Establishes a Virtual Hub: Navigating the Metaverse with Style

With its official establishment of permanent land within the Sandbox metaverse, Forbes is making waves again. Forbes' integration of QR codes cleverly scattered...

Flatcoins: Revolutionizing Stability in Cryptocurrency Amid Escalating Global Inflations

Flatcoins enable improved value retention in a situation of escalating global inflations. The basket of Assets approach relies on a public cost-of-living index...

Reopening Pandora’s Box: SEC Launches Another Kraken Laws

The US SEC accused Kraken of operating as an unregistered exchange, broker, dealer, and clearing agency. The first Kraken lawsuit occurred around Q3...

Empowering Africa through the Humanity Protocol: The Promise of Community Staking

The essence of the Humanity Protocol is the transformative power of community staking. Community staking involves a collective of individuals who pool their...

Cryptocurrency: a gateway to financial freedom

Cryptocurrencies represent a paradigm shift in the financial industry by providing consumers a new way to achieve financial freedom. Cryptocurrencies empower people to take control of their financial lives through decentralization, borderless transactions, investment opportunities, and increased anonymity. Given the nascency of the crypto ecosystem, investors are advised to focus on the long-term benefits of Bitcoin while reaping short-term gains in the process. Nonetheless, it is critical to approach cryptocurrency investments cautiously, investigate, and be aware of the risks. Individuals can utilize this revolutionary technology to achieve financial autonomy.

Zero-Knowledge Proofs in Blockchain

Zero-knowledge proofs represent a cryptographic technique where no information gets revealed during a transaction except for the interchange of some value known to both the prover and verifier, the two ends of the process. A zero-knowledge proof is a way of proving whether a particular statement is true without revealing it. Here, the ‘prover’ is the party trying to establish a claim, while the ‘verifier’ is responsible for validating the claim. In simpler terms, zero-knowledge proofs (ZKP) enable one party to prove to another party that they know something without sharing the information with another party to prove their knowledge.

Enhancing cryptocurrency knowledge in Africa

Part of the problem surrounding cryptocurrency adoption in Africa, besides the lack of reliable and affordable internet, particularly beyond urban areas, is the...

Bitcoin halvings: an outlook into the past and future projections

Cryptocurrency miners get rewards with a portion of the currency every time they contribute new entries to the Bitcoin blockchain. This is known as the block reward. Bitcoin halvings remain an integral component of the protocol. They cut the block reward by half every 210,000 blocks. Due to the dynamic character of the Bitcoin blockchain, it is difficult to predict when future halvings will occur precisely.