Basically, smart contract is a computer program that follows pre-specified rules. Smart contracts are built on top of blockchain and allow for payments, property titles, or anything of value to be exchanged with no third party needed. The best way to understand this is through an example. Let’s say you are building a new house […]
The renewable energy sector is growing at a rapid pace, with the United Nations estimating that the current number of power plants utilizing solar power is set to triple by 2030. While the most prominent example of this technology is photovoltaic panels, there are a number of different energy-generating methods that are being implemented on […]
BitKeep, a popular Bitcoin-based digital wallet platform, was recently hacked and millions of dollars worth of the cryptocurrency stolen. While no official party has claimed responsibility for the attack, analysts suspect that it was either an inside job or affiliated with another Bitcoin exchange. Either way, it’s clear that the company needs to tighten […]
A blockchain is a continuously growing list of records, called blocks, which are linked and secured using cryptography. Each block typically contains a cryptographic hash of the previous block, a timestamp, and transaction data. By design, a blockchain is inherently resistant to modification of the data. It is an open, distributed ledger that can record […]
A lot of people think that NFT is just a fad, but in reality, it has been around for quite some time now. It is an acronym that stands for “Non-Fungible Tokens”. They are a new form of crypto-currency and they are here to stay. They can be used for anything from collectibles to […]
Bitcoin is a form of electronic money, which was introduced in 2009 by Satoshi Nakamoto. It is considered as the first decentralized digital currency and has no central authority or banks. In simple terms, it is an online form of money that can be transferred from one person to another without any middlemen involved. It […]
The world of cryptocurrency is getting more and more popular. People have started using this form of money for various reasons. One of them is that it is not controlled by any central authority. The value of this currency fluctuates from time to time, making it a very volatile investment. However, there are some people […]
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! U.S. Securities and Exchange Commission (SEC) Chairman Gary Gensler said that Bitcoin was the only cryptocurrency he was prepared to publicly label a commodity. Gensler made the comments on CNBC’s Squawk Box, where he discussed the implications of labeling particular […]
Bitcoin plunged below $19,000 on 18 June amid a huge sell-off across the crypto market. BTC, once known as a strong contender for the title of ‘digital safe haven asset’, has now crashed by more than 70% in the past 7 months. Take Advantage of the Biggest Financial Event in London. This year we […]
👋 Want to work with us? CryptoSlate is hiring for a handful of positions! The SEC has opened an investigation into Binance to determine whether its BNB token was a security offering when sold in 2017, Bloomberg News reported. Specifically, the watchdog is examining if BNB’s Initial Coin Offering (ICO) met the definition of […]