Author: REVIX
A stark reality is dawning on the users and regulators of crypto platforms. While it’s true that users legally own any crypto assets and fiat currency that they may have purchased or deposited on their platform of choice, the fact is that those assets remain in the custody of the platform. Why is this an issue? Let’s compare it to leaving your dog in the care of a friend. Depending on the friend, you may be able to rest assured that they wouldn’t actively do anything to cause the untimely demise of your fluffy pal. In reality though, the risk…
Is Binance coin a true contender to overall market dominance? Binance coin is not only a utility token to the world’s biggest crypto exchange, but it also has smart contract capabilities worthy of rivalling the top dogs. Before exploring what gives Binance coin (BNB) its value and how it has performed, we must first understand what it is. What is Binance? Binance is a cryptocurrency trading exchange founded by Changpeng Zhao in 2017. A cryptocurrency trading exchange is similar to that of the JSE or the NYSE but for crypto-related products. Binance has seen a huge increase in popularity from…
Cryptocurrencies, like Bitcoin and Ethereum, have come a long way as there are now over 5,000 digital currencies in existence. Although only the top 10 cryptocurrencies are considered the most tradeable and make up over +70% of the market, this massive adoption and population speak volumes about the state of crypto. As you go down the cryptocurrency “rabbit hole” you start to hear of multiple cryptocurrencies or ‘coins’ as they’re called. From the main coins like Bitcoin and Ethereum to the less well-known coins of Solana and Polkadot, the crypto market can be a confusing place to understand. So what…
We know cryptocurrencies have offered supernatural returns. But Solana’s supersonic climb has been a record-breaker. Solana was launched in April 2020, and in just 18 months, it has rallied over 18 000%. The only even more impressive statistic is the rate of development on the Solana blockchain, which has overtaken rivals. SOL, the cryptocurrency linked to the Solana network, has jumped into the world’s top 10 largest cryptocurrencies amid optimism that its blockchain infrastructure could be a long term competitor to Ethereum, the world’s second-largest cryptocurrency. But is this really the case? Or is it just going up because of…
If you’re new to crypto, then maybe Solana has gone under your radar, but not to worry, we’re here to shed some light on this fast-emerging project that is taking on the biggest names in crypto. SOL, the cryptocurrency linked to the Solana network, has jumped into the world’s top 10 largest cryptocurrencies amid optimism that its blockchain infrastructure could be a long term competitor to Ethereum. Solana’s token has tripled in just a few weeks and now has more than $35 billion market value. Optimism has grown thanks to Solana’s faster transaction speeds and lower transaction costs when dealing…
Is Polkadot ready to be awakened and follow the rest of the “Ethereum killers”? Over the past weeks, we’ve seen many of the cryptocurrencies hailed as “Ethereum killers” achieve impressive returns. This was largely due to the fact that Ethereum’s recent network upgrade did little to ease high transaction fees and network congestion. Ethereum has been a victim of its own success as higher network usage came with higher fees and slower transaction times. Will Polkadot catch up to these “Ethereum killers”, or is it just quietly building its empire in the shadows? What is Polkadot? Right now, blockchains fall…
If you’re a complete crypto newbie, chances are you’ve never heard about Polkadot—a rather impressive blockchain platform that was designed to solve some of the longest-standing issues in the crypto and blockchain industry, including interoperability (the way blockchains speak to one another) and scalability. What is Polkadot? Frustrated with the slow development of Ethereum, Dr Gavin Wood, a co-founder of Ethereum and inventor of the programming language Solidity, left to begin work on Polkadot. Right now, blockchains fall into one of two major categories. They’re either purpose-built and designed for a very specific function—like Bitcoin, which was specifically designed as…
What is Cardano? Cardano is a third-generation proof-of-stake blockchain. Cardano, like Ethereum, will allow developers to use the Cardano blockchain for familiar features, including running custom programming logic (smart contracts) and building programs (decentralised applications). Cardano launched its smart contracts on testnet in May 2021, with a mainnet launch to follow later in the year. However, Cardano is working on solving the scalability and energy consumption problems that its predecessors, such as Bitcoin and Ethereum have. Cardano differs from the other projects by emphasising a research-driven approach to design, aiming to achieve an academic rigour it believes will propel the…
What is Uniswap? Uniswap is the largest decentralised exchange (DEX) in the crypto space. Uniswap leverages multiple crypto assets, including its native UNI cryptocurrency, to provide a service similar to a traditional exchange. The difference is Uniswap has no one central operator or administrator, making it fully decentralised. Unlike most exchanges, which are designed to take fees, Uniswap is designed to function as a public good—a tool for the community to trade tokens without middlemen. Also, unlike most exchanges, which match buyers and sellers to determine prices and execute trades, Uniswap uses a simple math equation and pools of tokens…
With many crypto investors jealously watching on as gold and equity investors’ assets keep climbing to greater levels, is it possible that cryptocurrencies have just hit the turning point that many have been waiting for? The crypto market has shed over -50% in recent months, with many worried that a bear market was in full swing and an -80% loss in value was looming on the horizon. People tend to think the worst, but then again, crypto always finds a way to surprise us, with this time being no different. Bitcoin is currently up over +30% from its lows, happening…