Wild and volatile, 2022 has been a tough year for digital assets and the crypto industry. Bitcoin and “blue chip” cryptocurrencies have lost more than 50% of their value from their all-time highs. This led to devastation for crypto users and traders, many of whom have lost a significant amount of money due to the …
Category: blockchain
Why Your Web3 Business Needs a Community Manager and How to Choose One
By Adesina Abdulhameed Ever wondered why multiple Web3 projects crop up every other day, but few make it into the limelight? The fastest way to get a Web3-themed project wrong is to apply the general rules of business without understanding the uniqueness of Web3 itself. If your business is to survive, you must know that …
Blockchain: Proof of Work Explained
By Roman Kondratiev Tl;dr Summary Proof of work (PoW) currently empowers over 58% of all cryptocurrencies, making it the most popular and reliable consensus mechanism in the blockchain world. By validating on-chain transactions, miners ensure the blockchain’s security (preventing malicious activity), decentralization (not a single entity controls the verification process), and transparency (everyone has access …