There is a lot of mixed reception to this new technology of non-fungible tokens (NFTs). While many do bring up a lot of benefits, but just as many criticize the technology for financial and ethical reasons. Today, let’s talk about NFTs and whether or not it’s worth your investment What are NFTs? A non-fungible token (NFT) is digital data stored in a ledger. This data is representative of a specific form of media, be it a book, artwork, song, or video. An NFT does not mean ownership over the product itself. It only means that you own that specific piece of artwork as if it were something you p ..read more

What is NFT? A non-fungible token, or NFT, is essentially data stored digitally in a ledger. And this data is representative of something specific. It could be a piece of art, or a song, or a book online, or even a clip from a long video. Owning an NFT does not mean you own the copyright to whatever NFT you purchased. It just means you own the rights to ownership. Let’s say you bought an NFT that represents a rare book from a distinguished author. Purchasing the NFT means you’ve purchased the right to own the book but the copyright to it still belongs to the writer. Or a better example would b ..read more

Today, cryptocurrency has become more popular than stocks among UK investors. After all, it has been a consistent topic of conversation in the financial world, and now, even the credit card industry wants to be a part of the buzz by rewarding customers with digital currencies. The question now is: Should you get a crypto credit card? Read on to get your answer! What is a Crypto Credit Card? Basically, a crypto credit card uses an incentive-style payment method that gives users cryptocurrencies as rewards. Similar to traditional rewards credit cards, this card is also supported by the wor ..read more

One factor that has been constantly getting modified since the deployment of the World Wide Web and the Internet in the 1990s (research started in the 1960s) is the inter-mix of transparency and privacy. Modifications took place in security (storage, transferring, etc) and in speed (overall time taken for data to get transferred from one place to another) as well. Another alteration that’s being observed and experienced currently is the shift from an authoritative functioning architecture to a decentralized or semi-authoritative platform. The desire of a change from the authoritative form of f ..read more

Since around 2017, economically, few nations had started facing some form of hurdle/s which assisted in turning almost every nation’s GDP (Gross Domestic Product) somewhat fatalistic in 2020. The desire of turning a centralized way of governance into a decentralized one started in 2008-09 after the “Financial Crisis/The Great Recession”. A lot of prototypes came into existence which helped various sectors. The COVID-19 (Corona Virus) pandemic in a way assisted in showcasing that decentralized, transparent, and a system where one is accountable is the need of the hour. If you’re among those who ..read more

Ever wondered why your Smartphone/laptop/desktop requires constant modification? One reason is that the new security patch provides more inclusive security compared to its predecessor(s). Similarly, in the decentralized ecosystem specifically in blockchain-related platforms and applications, you could say that the successor of ZKP (zero-knowledge proof) is NYM (for the time being). A more popular name VPN (a virtual private network) can be seen as one of the predecessor(s) of the NYM. A Zero-knowledge proof requires three conditions for completing the validation of the proof, while such a scen ..read more

Blockchain technology since the early 2000s has witnessed several transformations (small and big) in a few industries. In the financial services and products industry, where the movie started, is experiencing another alteration which will make the security turn much effective and robust. This piece will talk about the modification of Real-Time Gross Settlement through the hyper-ledger fabric (HF). The current relationship between the two and the expected (potential) pathway(s) which may get forged-in, in the coming days will be reviewed here. One factor “Trust” among others which are seen as a ..read more

For any application/architecture/application to function at its full potential, synchronization is one of the prerequisites (among other variables). Specifically viewing the blockchain technology from a broader perspective, similar attempts have been going-on since 2017. Synchronization is also seen as an enabler for better scalability among different platforms within the decentralized ecosystem. This piece specifically dwells into inter-connecting InterChain and NFT (Non-Fungible Token). InterChain is a proposed prototype which assists in interoperability hence allowing safe inter-operability ..read more

The effects of greenhouse gas emissions are being felt all over the world. Even our most basic activities have subtle carbon emissions that we are not fully aware of. Every financial transaction we make leaves a carbon footprint, from filling up our car with gas or booking a flight to even the most subtle ones like turning on your bedside lamp.  These days, countries and companies try and allot efforts to redesign their products and services to reduce their carbon footprints. However, despite the technological advancements, there is still a lack of global and standardized systems to measu ..read more

ERC 20 (Ethereum Request for Comment) Tokens are used in Ethereum as a common cryptocurrency on its blockchain system. These tokens can be purchased, sold, or exchanged. Ethereum was first released in 2015, and since then, it has been one of the most common cryptocurrencies. Tokens reflect a wide variety of digital properties in the Ethereum ecosystem, including coupons, IOUs, and even real-world, physical objects. To be precise, The Ethereum tokens are fundamentally smart contracts that run on the Ethereum blockchain. Understanding The ERC The ERC-20 token is one of the most important Ethereu ..read more