Cryptocurrencies continue to capture the attention of investors and technology enthusiasts worldwide. One of the most discussed projects was Terra (LUNA), which introduced a unique approach to creating and managing stablecoins but collapsed dramatically. Its fall caused a major ripple effect in the cryptocurrency market and forced many to reconsider…
OneCoin is one of the most infamous projects in the world of cryptocurrencies, widely discussed and criticized throughout its brief but tumultuous history. Founded in 2014 by Ruja Ignatova, OneCoin was marketed as a revolutionary cryptocurrency, capturing customers’ attention around the world. However, unlike successful cryptocurrencies such as Bitcoin, OneCoin…
BitConnect has been one of the most controversial and talked-about projects in the cryptocurrency world. It went from being relatively unknown to becoming synonymous with financial fraud. The core issue with BitConnect was not the concept of cryptocurrencies themselves, but rather its high level of risk and lack of transparency.…
Lisk is a platform designed to facilitate the development of decentralized applications (DApps) by using a Layer-2 scaling solution. Built on JavaScript, Lisk offers developers a user-friendly tool for creating blockchain applications using their own SDK, ensuring easy integration and high accessibility. Unique Features of Lisk JavaScript SDK: Lisk offers…
Loopring is a decentralized protocol and platform that utilizes a Layer-2 solution to enable high-speed and low-cost transactions within the Ethereum ecosystem. It’s based on zk-Rollups technology, which aggregates multiple transactions into a single entry on the blockchain, reducing the load on the network. Loopring is the first to significantly…
Manta Network is a Layer-2 solution focused on ensuring privacy in the blockchain ecosystem. With the increasing importance of data protection, the Manta Network solution provides secure and anonymous transactions, making it an essential player in decentralized finance (DeFi). Principles of Operation Manta Network operates on zk-SNARK technology (Zero-Knowledge Succinct…
Ethereum is finally making its mark as it steps into the financial mainstream. Spot Ether exchange-traded funds (ETFs) began trading on Tuesday, giving investors a new way to access cryptocurrency without buying it directly. Impact on the Financial Market The introduction of Ethereum ETFs has already made a significant impact…
Cryptocurrencies are becoming crucial in the modern world, but scalability issues persist. Therefore, it’s worth focusing more on the Ethereum Layer-2 Linea solution, an innovative approach to increasing the bandwidth of the Ethereum network. How Linea Works Linea is based on the concept of sidechains, parallel chains that offer faster…
Shibarium is a Layer-2 blockchain network using a unique consensus algorithm, Proof-of-Participation (PoP). Shibarium effectively verifies transactions and adds new blocks to the blockchain, ensuring robust security and performance. Advantages and Disadvantages of Shibarium Advantages: Reducing transaction costs: As a Layer-2 solution on Ethereum, Shibarium significantly lowers transaction costs compared…
The Skale Network is an Ethereum sidechain operating on Layer-2, providing a unique solution for scaling the blockchain. Here are some key features and advantages of the Skale Network: High performance: Skale Network can process up to 2,000 transactions per second, significantly increasing network bandwidth and enhancing the user experience.…