Blockchain & crypto news from India
Citing long-brewing environmental concerns Elon Musk announced that Tesla Inc. will not be accepting bitcoin for the car purchase. Btc’s power-hunger has provoked a passionate debate about the energy consumption of cryptocurrencies. While efforts are being made to reduce the carbon footprint of digital currency, some investors are getting inclined towards greener alternatives. In fact,…
First off, why would anyone pay in a currency that promises to double its value in the very next month, or crash to less than half its value? The ‘Forbes’ articles on cryptocurrency carry a regular disclaimer of high risk for all investors and even warn of people losing all of their investment. Yet, the…
For those wondering, ‘Why is ether or ETH rising?’, here are some clues. Called by someone as the ‘oil of crypto’, Ethereum today crossed the $3400 mark. Only sometime back it was valued ten times less. The recent rise has left many people puzzled. There is obviously more demand for ETH, whose London fork will…
The tremendous rise in Ether price has led to transaction gas prices becoming unaffordable for small Eth transfers. This beats one of the very purposes of why cryptocurrencies were created – to eliminate middlemen and the high costs of money transfers. This article takes a deep dive into the Ether network and reveals what lies…
The first real-world Bitcoin transaction happened on 22nd May 2010, when Laszlo Hanyecz bought two pizzas from a Papa John’s store in Jacksonville, Florida for 10,000 BTC (In today’s exchange rate, that comes to over 500 million dollars). In 2014, Overstock became one of the first big e-sellers to accept direct Bitcoin payments. Since Bitcoin…
No doubt the entire year 2020 was spent amidst the chaos created by the novel Coronavirus. However, there is still one thing that gained popularity besides this pandemic and that is cryptocurrencies. Delivering a return of over 800% during the financial year 2020-2021, the oldest and biggest cryptocurrency in the world, Bitcoin stole the limelight…
Better known as NFT, a Non-Fungible Token is a digital concept that is taking the crypto world by storm. Basically, “Non-fungible” implies that it’s unique and can’t be replaced. NFTs are tokens that represent pieces of digital art. Surprisingly, with NFT art, artists, art collectors and musicians are minting money, and at least one artwork…
Call it Eth2, Serenity or Ethereum 2.0, this is the long-anticipated upgrade to the Ethereum blockchain. Intended to boost the efficiency, speed and scalability of the Ethereum network, Eth2 will further enable its previous version to tackle hurdles in addition to increasing the count of transactions. Ethereum 2.0 is designed to be launched in three…
A crypto asset for the new Internet economy, Basic Attention Token or BAT is a hot topic these days. Based on the Ethereum technology, this utility token is especially meant for the digital advertising industry. Working with the Brave browser, the new token is used to pay users for their attention and publishers for their…