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Crypto can help teach children about personal finance
Learning financial skills can offer children many advantages for the rest of their lives and doing it through crypto could be the way to go.
Many hope that the rise of digital currencies may eventually help to solve the growing problem of money mismanagement on both an individual and an institutional scale. Thanks to the flexibility blockchain technology offers, many different use-cases can be adopted to achieve this. One of those use-cases is teaching kids about finance and taking on financial responsibility early on.
Banano (BAN) is a freely-distributed, “potassium-rich” cryptocurrency project launched in 2018, running on Directed Acyclic Graph (DAG) architecture. The network is feeless, instant, and sustainable, making it the ideal environment to learn about crypto and finance.
The project has the primary aim of providing an accessible and educational avenue for entering the intricate world of digital assets. They provide intuitive tools, informative workshops, and helpful guides in an easy-to-understand way so that financial experience and massive computing power is not required.
Banano has many programs that have evolved from its ecosystem, one of which aims to address and improve on the issue of financial illiteracy. Read More
Charles Hoskinson Says He’ll Run $1,000,000 ADA Experiment With New Cardano Wallet To Test Security
Cardano (ADA) co-founder Charles Hoskinson says he’s willing to bet on an upcoming security feature for the new Lace wallet.
Lace, built by Cardano developer Input Output Hong Kong (IOHK), is a lightweight multi-chain crypto wallet that aims to seamlessly connect everything in Web2 and Web3 to a single interface.
Hoskinson says in a new YouTube update that it’s “extraordinary” to him what happened with the recent hack on the password management firm LastPass.
LastPass noted in an update last week that an unauthorized entity gained access to a third-party cloud-based storage service that the company uses to store archived backups of its production data.
The hacker obtained “basic customer account information and related metadata including company names, end-user names, billing addresses, email addresses, telephone numbers, and the IP addresses from which customers were accessing the LastPass service,” according to LastPass CEO Karim Toubba.
Hoskinson calls it a “screw up” on LastPass’s part and says it’s “pretty dirty what happened.” Read More
The best blockchain games of 2022 graded as per ranks
Blockchain Gaming is that one segment in the digital industry that is sure to look out for. The technology has brought a lot of opportunities for start-ups to grow, especially the ones looking to get a headstart in the Web3 sphere. The segment has a lot of players, but not all of them have been able to stand their commitment, or rather a vision, of establishing a unique proposition in the competition.
The article talks about those blockchains that have supported the scalability nature of the gaming segment throughout 2022.BNB Smart Chain has to be the one to start the list with. It once looked to go for the NFT marketplace. Seeing the pace of growth in the gaming segment and the rise of user demand, BNB Smart Chance directed a major portion of its resources to work on blockchain gaming.
The result is that the platform now accounts for 36.6% of the games built on blockchains. 2022 has given it the needed success with a lot to look forward to in the next year.
Arbitrum moves up the trend in 2022 with the Layer-2 Rollup Arbitrum, courtesy of the Treasure DAO and its organic growth in the current year. The blockchain is trusted by gamers and developers who see a lot of potential in the network. Read More
A beginner's guide to understanding the layers of blockchain technology
If you've looked into cryptocurrencies or blockchain in any way, you've probably come across terms like layer one and layer two protocols. Are you curious about what these layers are and why they exist? Let's discuss blockchain layer architecture in this article.
Blockchain technology is a one-of-a-kind mix of several current technologies — cryptography, game theory and so on — with a wide range of possible applications such as cryptocurrencies. Encoding and decoding data is a mathematical and computational discipline known as cryptography. The study of the mathematical models of strategic interaction among rational decision-makers is known as game theory. Blockchain eliminates intermediaries, lowers costs and improves efficiency by bringing transparency and security.
Without the oversight of a central authority, distributed ledger technology (DLT) keeps information verified by cryptography among a group of users who agreed through a predetermined network protocol. Combining these technologies fosters trust between people or parties who would otherwise have no motive to do so. They make it possible for blockchain networks to exchange value and data between users securely.
Due to the lack of a centralized authority, blockchains must be very safe. They must also be extremely scalable to handle increasing users, transactions and other data. Layers were born out of the requirement for scalability concurrent with the preservation of top-notch security. Read More
Because of Solana’s POH method, it can horizontally scale the rest of the blockchain, the same way that operating systems and databases scale their software. Each Solana team member has over a decade of experience working in operating systems GPU acceleration. Compilers, networks, etc., giving them extensive and deep experience optimizing software.
Solana is based on scaling software with hardware, with the vision of building the world's largest decentralized, single-chart blockchain. The only way to do that is by scaling all the core technologies with hardware.
Scaling the Blockchain in this way delivers a cheap cryptographic base for financial transfers and, more importantly, outside of finance. It is a way for Solana to build a better web experience for social media communities regarding micropayments.
Also, advertising-based revenues can be relinquished for social networks, leading communities to generate value by self-expression, creating their own content, and growing the network and the connections within the community, creating a better world for all. Read More
What is browser-based cryptocurrency mining, and how does it work?
Browser-based cryptocurrency mining has made a comeback, allowing casual miners to earn rewards.
Browser-based mining is a method of cryptocurrency mining that happens inside a browser and uses scripting language. This method differs from the more commonly known file-based cryptocurrency mining approach, which requires downloading and running a dedicated executable file.
During the inception of browser-based mining in 2011, mining cryptocurrency was cheap and relatively easy. It used JavaScript code for pooled mining, and users could sign up and embed scripts in their websites to provide a way for page visitors to mine for them. Browser-based cryptocurrency miners only mined for Bitcoin back then. But in recent times, newer cryptocurrencies like Monero are also mined through browser-based miners. Read More
Most Impressive NFT Projects of 2022
From goblins to Nouns to penguins to Reddit Snoos, these NFT projects made waves in 2022 amid the speculative noise.
After the market skyrocketed in 2021, NFTs became even more ubiquitous in 2022 as creators, brands, and celebrities embraced Web3. But amid the sometimes overwhelming glut of projects, only a handful stood out as being truly impactful and memorable for more than just headline-grabbing dollar values.
Which NFT projects were the most innovative, and which leveraged the technology in unique, out-of-the-box ways? Here are our picks for the standout projects of 2022.
QQL is an Ethereum generative art NFT collection created by Tyler Hobbs and Dandelion Wist. Hobbs is best known as the creator behind the Art Blocks project Fidenza, which racked up numerous seven-figure (USD) sales in 2021, and his next move was eagerly anticipated. Sure enough, it sold $17 million worth of NFT mint passes upon launch despite the ongoing crypto bear market.
As with Fidenza, QQL artwork is generated using a finely-tuned algorithm deployed to the blockchain, in this case turning out mesmerizing waves of colourful circles large and small. But there's a twist: buyers of the mint pass get to shape the final artwork that they turn into an NFT. Anyone can play with the QQL algorithm and turn out potentially dazzling results, but only mint pass owners get to add an NFT to the official collection. Read More
The Stablecoin Economy Shed $28 Billion in 2022 After a Handful of Tokens Lost Their $1 Peg
2022 has been an interesting year for stablecoin assets as the market capitalization of the entire stablecoin economy lost just over $28 billion in value. Moreover, more than $3 billion has been erased from the stablecoin economy during the last 23 days as BUSD shed roughly 23.3% during the last month.
Over $3 Billion in USD Value Has Been Erased From the Stablecoin Economy in 23 Days:
The market valuation of stablecoins has continued to slide and since Jan. 2022, $28.08 billion in U.S. dollar value has left the stablecoin economy. Archived data indicates that the stablecoin economy was valued at $167.08 billion on Jan. 5, 2022, and today it’s valued at $139.06 billion or 16.77% lower than the first week of the year. Read More
Scammers impersonate US State Department, claiming to help affected FTX users
The Oregon Division of Financial Regulation urged investors to do due diligence before putting their funds on any crypto platform.
With the FTX collapse leaving many users yearning for the return of lost funds, scammers are using the opportunity to take advantage of already injured victims by posing as government officials.
In a press release, the Oregon Division of Financial Regulation (DFR) warned crypto investors that fake applications and websites put up by scammers are aiming to take their money but give nothing in return. The DFR urged traders to make sure to “do their homework” before sending any of their funds to crypto trading platforms.
The DFR gave the example of a website that claimed to be managed by the United States Department of State. According to the DFR, the site declared that it was trying to help FTX customers to get their assets back. Because of this, the website was able to get information such as usernames and passwords from an investor. DFR Administrator T. K. Keen said:
“We have said this before, but if it sounds too good to be true, it probably is. We encourage everyone to do their homework and invest wisely, and be diligent in protecting their usernames, passwords, and other sensitive data.” Read More
Disclaimer: These articles are provided for informational purposes only. They are not offered or intended to be used as legal, tax, investment, financial, or any other advice.
