Polkadot is a new cryptocurrency that is designed to work with other cryptocurrencies. It uses a technology called ‘ parachains ‘. This means that it can be used to connect different blockchains together. This makes it easier for different cryptocurrencies to work together. Polkadot was designed by Gavin Wood, one of the co-founders of Ethereum.…
DetailsLitecoin is a digital asset and a payment system invented by Charles Lee. It uses the same encryption techniques as Bitcoin. Litecoin is peer-to-peer and open source. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Litecoins are created as a reward for a process known…
DetailsCryptocurrency is a digital or virtual currency that uses cryptography to secure its transactions and to control the creation of new units. Cryptocurrencies are decentralized, meaning they are not subject to government or financial institution control. Bitcoin, the first and most well-known cryptocurrency, was created in 2009. Cryptocurrencies are often traded on decentralized exchanges and…
DetailsCardano is a decentralized public blockchain and cryptocurrency project that is developing a smart contract platform. The ADA cryptocurrency is used to send and receive payments on the network. Cardano is unique in that it was created by three organizations: Charles Hoskinson, IOHK (the creator of Ethereum), Emurgo, and the Cardano Foundation. The Cardano Foundation…
DetailsOn Thursday, one of the best-known cryptocurrency exchanges, Coinbase Global Inc, proposed a new extensive reform for the regulation of digital assets. This reform has urged Congress to form a new agency that will regulate the industry using a completely different framework against the one currently in use in the financial services industry. The chief…
DetailsKlarna, a well-known Swedish fintech firm, said that they are planning to introduce numerous changes in their product in the U.K. This statement comes just after the regulators in the U.K are planning to toughen the regulation on the hugely popular “buy now, pay later” market. In February this year, the Treasury had come out…
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