Author: LooBr
What is the most popular crypto? Bitcoin brought about a paradigm shift in the world of finance with its creation of a decentralized digital currency. However, it also introduced a transformative technology known as blockchain that has attracted millions of users around the globe. This revolutionary technology has been adopted by various crypto founders who have extended its applications beyond just currency. The blockchain serves as a digital ledger, which stores all bitcoin transactions using a peer-to-peer network. Its decentralized nature allows for transparency and immutability, making the recorded transactions permanent and accessible to all. As the years progressed, different…
Cryptocurrency paved the way for a decentralized banking system. It is truly remarkable to witness the transformation brought forth by cryptocurrency over the years. The emergence of Bitcoin in 2009 has paved the way for an unprecedented shift towards a decentralized banking system. This development has resulted in the creation of a plethora of cryptocurrencies, commonly referred to as altcoins, all with unique and distinct functionalities. While the adoption and application of cryptocurrency is still debated among investors, there is no doubt that there is consistent growth in this emerging industry. Perhaps one of the most significant benefits of cryptocurrency…
Top 10 fun facts about the crypto market Total cryptocurrency value grew to $2.43 trillion in 2022, down from nearly $3 trillion last year. During the last nine years, Bitcoin has grown by over 500,000%. Over 15,000 companies worldwide accept Bitcoin as a payment method. As of 2022, there have been over 80 million Blockchain cryptocurrency wallet users. El Salvador is the only country that fully adopted a cryptocurrency as a legal tender. XRP is the most popular cryptocurrency in the UK as of Q3 2021. The US is the biggest crypto mining country in the world. There are over…
What are the properties of Web 3 0? The transition from Web 2.0 to Web 3.0 is an ongoing process that is taking place gradually, and many people may not have even noticed it. While Web 2.0 and 3.0 applications may appear similar at first glance, the biggest difference lies in the backend infrastructure. The evolution of Web 3.0 has exciting implications for the future of the internet. For starters, it will enable the creation of universal applications that can be easily accessed and used from a wide range of devices and software platforms, making our work and leisure activities…
Web 3.0 explained Web 3.0, which is a possible future version of the internet based on public blockchains, has gained the attention of many due to its attractive decentralized nature. Unlike the traditional internet where consumers access services through intermediaries such as Google, Apple, and Facebook, Web 3.0 gives individuals the power to own and govern sections of the internet themselves. It is noteworthy that Web 3.0 doesn’t require permission nor trust, which means that the central authorities don’t get to decide who accesses which services, and an intermediary is not necessary for virtual transactions to occur between two or…
Web 3.0 revolution The Spatial Web, also known as Web 3.0, is a revolutionary technology that is already being put to use in its early stages. As incredible as it may sound, this technology is starting to make its mark on the world, and it is crucial for business executives to fully comprehend its capabilities, as well as its potential impact on their operations. It is a rapidly evolving field, and those who fail to understand its fundamental principles and functions will be at a considerable disadvantage. As the Spatial Web continues to develop and mature, it will create new…
The Bitcoin and Ethereum blockchain systems are among the most popular. The Bitcoin and Ethereum blockchain systems, which have gained immense popularity, operate on proof-of-work and mining, which consume a substantial amount of energy. To validate blocks and transactions, the energy consumed by BTC mining alone amounts to approximately 100 terawatt-hours per year, which is equivalent to the energy consumed by countries like Finland. blockchain challenges The carbon footprint caused by this is significant, as it is estimated to produce roughly 97 metric tons of carbon dioxide every year, raising concerns among regulatory authorities. Therefore, many nations are facing challenges…
Blockchain Industry Blockchain technology is a revolutionary innovation with immense potential in disrupting the traditional validation processes requiring scalability and transparency. The decentralized and secure nature of the blockchain allows for reliable and efficient digital transactions that have never before been possible. While there is much to be hopeful for with the possibility of blockchain, it is important we address the various challenges to its adoption. This article seeks to delve deeper into the challenges faced by blockchain technology. Among the challenges include regulatory uncertainty, lack of standardization, varying levels of scalability, and challenges with interoperability. By highlighting these obstacles,…
Here are 5 best Metaverse games to try now: Axie Infinity Vietnamese start-up Sky Mavis has launched a groundbreaking new game called Axie Infinity in 2018. The game’s concept is inspired by the wildly popular Pokemon, and features fantasy creatures dubbed Axies, which players can breed, raise, collect, and trade. With over 500 customize-able body parts for each Axie, players can create virtually any creature they can imagine. Axies don’t just look pretty though – they can be sent out on treasure hunts or battles against other Axies, which can earn players some serious rewards. Additionally, players can purchase land…
Niantic Metaverse Niantic has been making waves in the world of software development ever since it released Pokemon Go in 2016, which revolutionised augmented reality mobile gaming. However, the company’s founder and CEO, John Hanke, is not just another typical metaverse advocate. Hanke, in fact, believes in the power of technology to bring people closer to the real world rather than the other way around. This philosophy was also reflected in Niantic’s recent “Meet You Out There” campaign that spotlighted how augmented reality could enhance real-world experiences. Leading up to the campaign, the company also launched the Lightship AR developer…