What is BitLicense?

BitLicense

BitLicense BitLicense governs firms engaged in virtual currency management, administration, upkeep, storage, holding, issuance, exchange activities, related software development, etc. It was by New York State in reply to the Mt.Gox bankruptcy in 2013 to safeguard clients and the security of the financial sector as a whole (keep in mind that not all cryptocurrency exchanges […]
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What is Pegged Sidechains?

Pegged Sidechains

Pegged Sidechains For existing blockchains like Bitcoin to evolve and become more accessible, sidechains have become crucial. A separate blockchain connected to the primary blockchain is known as a sidechain. A Sidechain is a separate blockchain connected to the mainchain by a 2-way peg. A preset rate of token or virtual asset transfers between the […]
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What is Blockchain Embedded Mining?

Blockchain Embedded Mining

Blockchain Embedded Mining Now that we live in a world of cryptocurrencies, it is crucial to understand mining. So, what exactly is mining? Mining removes precious materials or other geological elements from the Earth, typically from a deposit, as Wikipedia demonstrates. The financial planning of investing in the machinery, personnel, and energy needed to extract, […]
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What is Blockchain Pruning?

Blockchain Pruning

Blockchain Pruning When we talk about “pruning,” we mean reducing the size of the blockchain to a point where we can create a reliable registry with a specific size. Imagine that the blockchain is a vast tree whose branches and leaves are all related to each other from the newest to the oldest. Financial analysis […]
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What is Blockchain Standard Transactions Types?

Blockchain Standard Transactions Types

Blockchain Standard Transactions Types An agreement, contract, exchange, understanding, or transfer of assets/cash or property between two or more parties that create a legal obligation is known as a transaction. Transactions initially enter into a record, which includes a ledger. A transaction is when a buyer and a seller exchange products or services. A blockchain […]
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What is Blockchain?

Blockchain

Blockchain Blockchain technology is currently the most debated issue on many forums worldwide. It expects to influence future financial industry innovation significantly. It enables the development of immutable transaction records visible to all network members. Financial analysis, budgeting, and modeling are very important aspects of the blockchain industry.  In this article, we will cover the […]
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What is Cryptocurrency

Cryptocurrency

Cryptocurrency Any kind of money that exists digitally or electronically and employs cryptography to safeguard transactions is known as cryptocurrency, sometimes referred to as crypto-currency or just crypto. Cryptocurrencies use a decentralized mechanism to track transactions and create new units rather than a central body to issue or regulate. A digital payment system known as […]
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What is Cryptoeconomics

Cryptoeconomics

Cryptoeconomics In order to investigate digital economies and applications of decentralized finance (DeFi), cryptoeconomics is an emerging economic paradigm. Traditional economics, cryptography, computer science, and mathematical game theory disciplines are all integrated into the field of cryptoeconomics. Cryptoeconomics provides a theoretical foundation for DeFi services that are purchased and sold using fiat cryptocurrencies and are […]
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What are Crypto Tokens?

Crypto Tokens

Crypto Tokens As you learn more about crypto, you’ll notice that different terms describe cryptocurrencies. Tokens are another name for them. Other people refer to them as coins or altcoins. Some of these terms may appear interchangeable, but they all refer to different types of cryptocurrency. The term “crypto token” represents a particular virtual currency […]
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What is Decentralized Applications (dApp)

Decentralized Applications (dApp)

Decentralized Applications (dApp) Decentralized applications (dApp) are distributed open-source software applications that operate on a blockchain network rather than a single computer. DApps appear similar to other software applications available on a website or mobile device but are P2P enabled. Identical to a standard web app, such as Uber or Twitter, it runs on a […]
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