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Week 31: Check out what happened in the tech world
The crypto market is moving in a positive direction, especially after last week’s Fed rate hike in interest rate; the market cap and Bitcoin prices have shown improvement. Two severe crypto hacks- Nomad and Solana- in a week amounted to millions in losses. Fashion brand Gucci has become the first major brand to accept payments […]
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Solana and Nomad attack: why crypto enthusiasts are worried
Two severe crypto hacks in a week amounting to millions in losses – Nomad, which has become the target of attack after hackers stole almost $200 million in digital assets, and Solana where 7,000 wallets had been drained of millions of dollars worth of Solana and USD Coin (USDC) cryptocurrencies in a major internet attack. […]
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Week 30: Check out what happened in the Tech world
The US Federal Reserve (Fed) has hiked interest rates by 75-basis points, to the interval 2.25 to 2.5%, for the second time in two months. This has seen an overall improvement in crypto market sentiment, and Bitcoin and Ethereum see an upward trend. Crypto investing platform Crypso raises $3 million in seed funding in crypto winter, […]
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Crypto winter is here, industry continues to pour in positive news
Despite the fact that the crypto market is generally going through a rough patch owing to the general global economic scenario that has evolved out of inflation, geopolitical crisis, uncertainty in the global supply chain, etc., it is motivating to see crypto companies performing well. This week, blockchain domain name provider Unstoppable Domains has raised […]
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Week 29: Check out what happened in the Tech world
A rally in bitcoin and ether pushed the crypto market cap back above $1 trillion as digital assets struggle against a bear market. Finance Minister Nirmala Sitharaman’s statement on cryptocurrencies in Parliament created confusion about the government’s stand on the currency. Singapore to act tough on crypto platforms in the coming months. Blockchain.com announced that […]
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Ethereum to switch to Proof-of-Stake in September 2022
Ethereum has announced that it will soon transition from proof-of-work (POW) to proof-of-stake (POS). The community-run technology powering the cryptocurrency ether (ETH) and thousands of other decentralized applications said that this merge is the most significant upgrade in the history of Ethereum. Extensive testing and bug bounties were undertaken to ensure a safe transition to […]
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Week 28: Check out what happened in the Tech world
The crypto market is finally turning green, the global crypto market cap is $935.85B, a 5.71% increase over the last day. Both Bitcoin and Ether have seen gain this week. Bitcoin’s price is currently above $20,000. ZKX receives a seed round of $4.5m. Coinbase’s stock price has gone down by 80% and is laying off 20% of […]
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Top 10 Web 3.0 events to watch out for in the second half of 2022
Are you keen to know what is happening in the Web 3.0 ecosystem? Web 3.0 is the next wave of revolution in the internet and there seems to be so much happening around the world. Whether it is Blockchain, DeFi, Metaverse, or NFT, the community is mobilized. Web 3.0 events, conferences, and presentations on technology […]
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![[Beginners’ Guide] Proof of Work (PoW) versus Proof of Stake (PoS)](https://www.axetue.com/wp-content/uploads/2022/07/beginners-guide-proof-of-work-versus-proof-of-stake-thought-catalog-bj8u389a9n8-unsplash-www.axetue.com-scaled.jpg)
[Beginners’ Guide] Proof of Work (PoW) versus Proof of Stake (PoS)
In a Decentralized Finance ecosystem, the transactions are not restricted or controlled by the government. The entire concept of Decentralization is based on the peer-to-peer transfer of money without any intervention from a bank or financial institution. This is definitely a revolutionary concept. Proof-of-work and proof-of-stake are consensus mechanisms, or algorithms, that allow blockchains to […]
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