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There’s hardly any discipline that the blockchain cannot revolutionise. After currency, it seems to be having the most effect on social media. Steem, a blockchain database supporting community building and social interaction with cryptocurrency rewards, has completely changed the way social media will work in the future.
DeFi is a familiar term in the crypto world, and it summarises the whole concept of the same. DeFi (Decentralised Finance) is a protocol, and it differs from traditional financial services in the fact that DeFi does not require any intermediaries to carry out a transaction. The blockchain technology in DeFi cuts out banks and other intermediaries, including brokers, stock exchanges, and such.
The widespread diffusion of social networks has revolutionized the way people interact with each other. The current centralized social media platforms offer inadequate user data privacy guarantees. The only possible solution would be a trade-off between the alternate decentralized social media based on blockchain technologies. With the help of blockchain databases, community building, and social interaction, this decentralized version of social media will work wonders in the future.
This article gives an extended overview of the Hedera token or HBARs that fuels the next-generation blockchain, the Hedera network.
The term metaverse has been blowing up the internet the past few months. The news about Facebook being renamed as Meta was mixedly received with skepticism and excitement (mostly from the Matrix and Black Mirror fans). Experts define it as a whole new meaning to connecting virtually that could potentially replace its equivalent in the physical world. […]
Though having relatively humble beginnings as a blockchain technology underlying some projects in the mid-2010s, non-fungible tokens absolutely exploded in notoriety in 2021. Probably the most discussed due to the eye-watering sums involved is how they’ve changed the face of modern art, but NFTs have also established a place in digital entertainment and modernized the very concept of sports trading cards…..
What’s in store for blockchain technology for the year 2022? Over the past few years, blockchain technology’s applications across different industries were sort of like a crazy roller coaster ride. Certain applications and use cases caught on the market like a forest fire. At the same time, many use cases failed miserably […]
Wrapping tokens is a great idea! A lot of problems we see with blockchain interoperability can be solved by wrapping tokens. In simple terms, the concept of a wrapped token is that — a particular crypto token is wrapped by another crypto token so that it can be used in a non-native blockchain network. Okay, […]
Blockchain – what started from Bitcoin, Ethereum, Proof-of-work has now expanded to hundreds of different options including Cardano, Tezos, etc, and a wide range of consensus protocols. The latest addition that caught my attention is the HECO blockchain. Huobi Eco Chain a.k.a HECO Chain is a decentralized, high-efficient, and energy-saving public chain launched by Huobi […]
