The concept of blockchain and cryptocurrency has brought innovation in almost every major sector and industry. Even though the concept itself is only a decade old, the extent of its influence is unimaginable. It has invaded and brought revolutionary changes all over the world. Modern business practices have also transformed eyeing a potential inclusion of crypto in their ecosystems.
Author: BlockchainJournal
The craze of cryptocurrency is evidently increasing as we can see its inclusion in various industries and sectors all over the world. Be it the entertainment sector or the fields of sports, crypto has made its way into these worlds in one way or another.
The cryptocurrency market is home to thousands of crypto coins and tokens. However, there is no competitor to the dominance and supremacy of Bitcoin and Ethereum in the crypto realm.
Over the years many cryptocurrencies have laid a mark on the market through their high profit potential or increasing popularity. Bitcoin is probably the most recognized and sought-after cryptocurrency in this regard. Nonetheless, there are hundreds of other cryptos in the market as well.
What is VeChain [VET]? Conceptualized in 2015, VeChain is a platform that aims to provide blockchain solutions for businesses around the globe. It is powered by the underlying VeChainThor which is its public blockchain.
Uniswap is often touted as the leader of Ethereum DeFi’s ecosystem. But before diving deeper into the workings of the platform, first, let’s understand a little about decentralized protocols for automated liquidity provision.
SportsDataIO has launched a Chainlink node to provide Dapps and developers with real-time premium sports data of major sports leagues to build novel blockchain-based sports apps.
Arbitrage is one of the several trading strategies which people can use. With this method, a trader benefits from the differences in prices of a cryptocurrency between two or more exchanges. As a result, a trader buys a cryptocurrency from an exchange with a lower price and sells to another with a higher price.
Decentralized applications or DApps have emerged as one of the most significant use cases for blockchain technology. Even as the field has witnessed giant strides, there is still a catch. Most DApps run on the Ethereum network which is plagued with a myriad of scalability issues. Be it the network congestion, or skyrocketing transaction fees, the need for an alternative hub for decentralized applications has never been more. Enter Solana.
Blockchain has been a ground-breaking technology. From Bitcoin and individual blockchains to communicative and interoperable ones, this not-so-novice technology has come a long way. Leading this wave of technology is an open-source protocol called ‘Polkadot’ which is often touted as a crucial step in the evolution of blockchain technology.