Created by - Digitalatto Academy
Blockchain Identity Management- Boon or Bane?
Cybersecurity, especially identity theft has become an urgent issue around the world. Resolving is most important for obvious reasons. And given the availability of blockchain today,what is the better way we could have hoped? Blockchain technology has the potential to better and more securely manage and validate user identities and credentials. But you might ask why it's a blockchain. This is because we do not want incidents where personal data is hacked. Technologies like the blockchain give people the right to control their data, the right to have a self-sovereign identity that they control. The blockchain will allow users to manage their identities and be more proactive in managing and sharing their identities as needed. The blockchain-based identity management concept also applies to the following general phrase: "The best way to protect your data is not to collect it in the first place." This is because traditionally central servers collect data and store prone databases. It is a single point of failure and can be hacked. You can think of it as the perfect honeypot for cyber attacks. Even if not hacked, it is certainly used for monetary purposes by the same centralized organization that sells data without your permission to generate high annual profits. Facebook andGoogle are classic examples of such data monetization but they are not the only ones in this business. On the other hand, blockchains are based on the fundamental tenant of not collecting the data or distributing the data in ways that it becomes impossible to attack them considering there is no single point of failure or the involvement of a central system. Most identity management systems that are being developed via the power of blockchain have this basic tenant as their departure thereby making it more difficult for unauthorized entities to exploit it or monetize it in one way or the other. Fundamentally, blockchain-based identity management solutions put control of personal identity data back in the hands of end-users. And when the engagement of data, like identity, happens with blockchain systems, the following benefits are natural to emerge: Reduce or eliminate redundant compliance steps Better security of end-users Better end-user experience Being able to meet global identity/privacy requirements While there is no doubt, KYC and identity management are one of the biggest use-cases for blockchain technology. However, this is still in the very early stages. That doesn't mean it's useless, you'll never see the morning light. We still have time, and we need to do more to solve this multi-billion dollar global problem with digital identities before it becomes widespread. However, some problems cannot be solved by blockchain technology in the field of ID management. Standardization Demographic restrictions Synthetic ID Issues Despite these limitations, they are better every day than today's traditional single point of failure systems. For those who don't know, over 20 digital identity platforms are working to make the solution the best. Finally, while it is certain that many countries will switch to blockchain-based identity management solutions in the future, some will resist changes as they develop their own centralized honeypot-like systems. An example of such a country is India, and it's interesting to see why. Now it's up to you to decide if blockchain is a digital identity management solution.
More detailsPublished - Tue, 15 Mar 2022
Created by - Digitalatto Academy
Digital Assets on Blockchain
Digital assets are electronic records of information that can be claimed and moved by people, and utilized as money to make exchanges, or as an approach to putting away immaterial substance, for example, mechanized fine arts, video, or agreement archives. Instances of Digital assets incorporate cryptographic forms of money, for example, bitcoin, purported resource upheld stablecoins, like the tie, and non-fungible tokens (NFTs) - authentications of responsibility for computerized media. Records of responsibility for digital assets are held safely on a sort of decentralized information base, or electronic record called a blockchain, which is conveyed among its clients. This design empowers the exchange of digital assets without the need to go through a focal party, like a bank, specialist, or go-between. This can make exchanges faster and simpler. At Digitalatto, we provide you with all kinds of digital assets that you can own and are secure and immutable. What precisely is a blockchain? A blockchain is a sort of electronic record, wherein digital assets exchanges are recorded in squares of information that is "chained" together in a particular request and safeguarded utilizing complex PC "hash" codes. Subtleties of each new exchange should be confirmed by an organization of PCs, or hubs before they can be added to the record. This confirmation cycle includes the subtleties of the exchange being shipped off each of the hubs in the organization, which endeavor to take care of intricate numerical issues to demonstrate that the exchange is legitimate. A larger part should reason that it is legitimate - it should be an agreement choice by the organization.Every one of the hubs in the organization can get to the data and content to be close to approve another exchange and add it to a square. In contrast to customary records, in this manner, a blockchain data set is decentralized and there is no expert adaptation.How is a blockchain developed? Every agreement-checked exchange is added to a square of information, and the squares are associated with one another in a chain. As each new square is added, the blockchain turns into a developing information base of time-stepped exchanges that, in commonsense terms, are difficult to adjust.What makes a blockchain secure and unalterable?Each new square that is annexed to the blockchain contains a perplexing and extraordinary PC-produced code, called a hash. This is like an advanced "finger impression". Each square additionally contains the hash, or unique finger impression, of the past square in the chain, to which it is currently appended. These matching hash codes demonstrate that the chain is unblemished, properly aligned, unaltered.Assuming any endeavor is made to alter the substance of a square, this will produce another hash for that square, which will then, at that point, the contrast from the hash of the past square - breaking the chain. To disguise this altering, a programmer would need to recalculate the hash code held in the following square in the chain, which would change that square's own hash, requiring the following square's hash codes to be recalculated, etc. Each hash in each ensuing square in the chain would in this manner be recalculated - an interaction requiring such a lot of registering power that it would be incredibly troublesome. The information base is in this manner, essentially, "add as it were" - it isn't workable for anybody to return and reconsider it later. Who gives this blockchain innovation?A few innovation stage suppliers work with the structure of blockchains. As indicated by industry gauges, 60-70 percent of public blockchains are run on the Ethereum stage. Some accept this could turn into the favored supplier of innovation for a scope of decentralized cycles. In any case, more current adversary blockchain stages with more prominent handling limits have now jumped up, including Avalanche, Solana, and Cardano. Solana has been utilized as a stage for the offer of new assortments of NFTs.What are the advantages of holding digital assets?Digital assets can be speedier to issue than paper-based or actual resources. Their electronic-no one but organization can likewise smooth out the exchange interaction, decreasing authoritative and actual stockpiling costs. These are a portion of the reasons that national banks and business banks are thinking about the utilization of digital assets and blockchain advances.Invest, earn, shop and do all transactions with your Digital asset at Digitalatto.What are the dangers of holding digital assets?Digital assets hung on a blockchain can present both venture and security hazards.The fundamental venture hazard is that computerized resources that are not upheld by actual possessions or government-issued types of money given by governments or national banks can vary broadly in esteem - driven by opinion and request. Cryptocurrencies such as bitcoin have been known to twofold or split in esteem against traditional monetary standards inside the space of a couple of months.
More detailsPublished - Tue, 15 Mar 2022
Created by - Digitalatto Academy
Beginner's guide to NFTs
What are NFTs?NFTs or Non-fungible tokens are brilliant agreements that address the responsibility for things (advanced workmanship, recordings, music, passes to an occasion, authoritative reports, and so forth).When something is "Non-fungible," it implies it is special and can't be supplanted with something different. For instance, a dollar note is a fungible thing as one dollar greenback can be supplanted by another and be thought of and worth the equivalent. A "Non-fungible" thing outside the crypto world is resources like jewels, land, and even baseball cards. A Non-fungible thing isn't exchangeable with different things on account of its remarkable properties.How NFTs work:At the point when an NFT is made or "stamped," it makes a brilliant agreement recorded onto the blockchain. This agreement is overseen through a uniqueID (or address) that shows who the current proprietor is. Whenever you buy an NFT (think advanced workmanship), that uniqueID changes and is considered the blockchain (an internet-based public record). A solitary individual can claim an NFT, and the record of the deal, cost, and possession all exist on a public record (blockchain). At the point when the NFT changes hands, the blockchain recognizes the exchange visible by all out in the open.You own the NFT, demonstrating the proprietorship is very basic and secure, as is any procedure offered of the resource.NFTs are coming to Digitalatto soon! Keep a look out to get your first or your any other major NFTs.Before you make your first large buy, you might need to know how to esteem an NFT. We like to consider NFT's a piece uniquely in contrast to most.close to 100% of NFT's will presumably not go up in esteem, so buy an NFT from which you will get genuine use.To expect this large number of resources will see the value in it would be a helpless presumption.To try and comprehend assuming NFT's will hold future worth, it is vital to track down projects with one of the accompanying components.· Extraordinariness/Celebrity: Is the undertaking exceptionally alluring, restricted inventory, or made by a big name?· Utility: Does the NFT project have use outside of simply being a piece of craftsmanship?· Uniqueness: Is the workmanship/project exceptional, or does it follow a similar 8-bit equation as the past? Digitalatto offers unique NFTs to increase your wealth, coming soon.You are presently at the purpose of proceeding with your NFT instruction, joining a local area, and possibly putting resources into an undertaking.To settle the score further into the domains of NFTs, you want to join a Discord server. Assuming you have never known about Discord, Discord is a free voice, video, and text visit application utilized as of now by a huge number of individuals overall intrigued by NFT's and Cryptocurrency.The greater part of these servers is ideally suited for the people who are new to NFTs and new to Discord. Recall that most Discord channels have a short however important check process before you are conceded to every one of the servers' media. This confirmation cycle helps remove any spam or bots that may dirty the channel with superfluous babble.
More detailsPublished - Tue, 15 Mar 2022
Created by - Digitalatto Academy
Crypto Mining Explained
What Is Crypto Mining and How Does It Work?The majority of people consider crypto mining to be nothing more than a method of manufacturing new currency. Crypto mining, on the other hand, entails validating bitcoin transactions and adding them to a distributed ledger on a blockchain network. Most crucially, crypto mining prevents digital currency from being spent twice on a decentralized network.When a member spends cryptocurrency, the digital ledger must be updated by debiting one account and crediting the other, just like with physical currencies. The disadvantage of digital money, on the other hand, is that digital platforms are easily manipulated. As a result, the distributed ledger of Bitcoin permits only certified miners to update the digital ledger. This places an additional burden on miners to protect the network from double-spending.New currencies are created in the meantime to compensate miners for their efforts in safeguarding the network. Because distributed ledgers lack a centralized authority, transaction validation is dependent on the mining process. Miners are thus motivated to safeguard the network by taking part in the transaction validation process, which enhances their chances of winning newly generated coins.A proof-of-work (PoW) consensus system has been implemented to ensure that only confirmed crypto miners can mine and validate transactions. PoW also protects the network against outside threats.Crypto mining is somewhat similar to mining precious metals. While miners of precious metals will unearth gold, silver, or diamonds, crypto miners will trigger the release of new coins into circulation. For miners to be rewarded with new coins, they need to deploy machines that solve complex mathematical equations in the form of cryptographic hashes. A hash is a truncated digital signature of a chunk of data. Hashes are generated to secure data transferred on a public network. Miners compete with their peers to zero in on a hash value generated by a crypto coin transaction, and the first miner to crack the code gets to add the block to the ledger and receive the reward.Each block uses a hash function to refer to the previous block, forming an unbroken chain of blocks that leads back to the first block. For this reason, peers on the network can easily verify whether certain blocks are valid and whether the miners who validated each block properly solved the hash to receive the reward.Over time, as miners deploy more advanced machines to solve PoW, the difficulty of equations on the network increases. At the same time, competition among miners rises, increasing the scarcity of cryptocurrency as a result.How to Get Started with Cryptocurrency Mining?Mining cryptocurrency necessitates the use of computers equipped with specialized software designed to solve complex cryptographic mathematic equations. Cryptocurrencies like Bitcoin may be mined with a simple CPU chip on a home computer in the early days of the technology. CPU chips, on the other hand, have become impracticable for mining most cryptocurrencies as the difficulty levels have risen over time.Cloud mining is another method to start mining which is easy to start and more lucrative. Individual miners can use cloud mining to tap into the power of large organizations and dedicated crypto mining facilities. Digitalatto uses such cloud mining. Various Cryptocurrency Mining TechniquesDifferent types of cryptocurrency mining take different amounts of time. CPU mining, for example, was the go-to solution for most miners in the early days of the technology. However, many people nowadays believe that CPU mining is too slow and impractical because it takes months to earn even a little return, especially with rising power and cooling costs and increased difficulty across the board.Another technique of cryptocurrency mining is GPU mining. It enhances processing power by combining multiple GPUs into a single mining setup. A motherboard, as well as a cooling system, are necessary for GPU mining.ASIC mining, on the other hand, is another way to mine cryptocurrency. ASIC miners, unlike GPU miners, are developed exclusively to mine cryptocurrencies, hence they create more cryptocurrency units than GPU miners. They are, however, expensive, and as mining difficulty rises, they will fast become obsolete.Cloud mining is growing more popular as the costs of GPU and ASIC mining continues to rise. Individual miners can use cloud mining to tap into the power of large organizations and dedicated crypto mining facilities.Individual cryptocurrency miners can search the internet for both free and paid cloud mining sites and rent mining gear for a set period. This is the most hands-off approach for mining coins.Curiosity and a strong will to learn are a prerequisite for aspiring crypto miners. As new technologies develop, the crypto mining space is continuously changing. Professional miners who are rewarded the most are continually analyzing the space and adjusting their mining tactics to increase their performance.Climate change activists, on the other hand, are growing increasingly concerned as more fossil fuels are burnt to power the mining process.
More detailsPublished - Tue, 15 Mar 2022
Created by - Asif Mahmud Arnob
What is a Seed Phrase?
As taking a step ahead in the new world of Crypto and start investing or gathering crypto assets, it is a basic requirement to understand seed phrases. Seed phrases are also defined as " seed backup phrases " or " seed recovery phrases ". What is a seed phrase?When you create any new wallet, the wallet provider will create a Seed Phrase for you, which is a random series of 12-24 words that acts as the key to your crypto funds. A seed phrase is a collection of words that can be used to access your cryptocurrency wallet. If you’ve ever created a crypto wallet, you were probably prompted to note down a series of words similar to the following:follow flip swallow achieve correct view tourist alarm travel crew logic sight Seed phrases leave less room for human error (as it’s easier to remember and enter a series of words than numbers). Keeping your seed phrase safeYour seed phrase gives access to your crypto wallet and all of the private keys contained inside. Keeping your seed phrase safe and hidden is crucial. If you lose access to your seed phrase, you lose access to your funds. As long as you have your seed phrase, you have access to your crypto. Even if you lose your hardware wallet or the device containing a software wallet, you can retrieve your crypto by entering your seed phrase in another wallet. Many people write their seed phrase down and store copies in multiple locations. Others engrave seed phrases in durable materials or store them in a safe.BackgroundSeed phrases were introduced after the 2013 Bitcoin Improvement Proposal 39 (BIP39). There are 2048 words on the BIP39 wordlist. This means that a series of 12 words has 128 bits of security which has 2128 possible combinations. In other words, a hacker would have to complete 2128 operations to complete a 12-word seed phrase. So, it’s almost impossible for even the most experienced hacker to guess your phrase. The longer the phrase, the more secure it is. Seed phrases – as opposed to private keys – leave less room for human error when it comes to backups, as they're easier to record and transmit. Better still, they’re capable of generating not just one, but a colossal amount of keys from a master one. This allows users to avoid address reuse as, with a single seed, they can create a seemingly infinite number of receiving addresses.
More detailsPublished - Sun, 17 Apr 2022
Created by - Asif Mahmud Arnob
How to Become a Digital Marketing Expert in 30 days
The best path to become a digital marketing expert is to start practicing digital marketing from now. The best thing about digital marketing is that you can start doing it at a very small scale. All you need is a computer, an internet connection and a small amount of money to play with. You can learn digital marketing by applying the concepts in your own mini-project. Here are the things you can do right now:Applying Digital Marketing on a Small ScaleChoose a topic you are passionate about and start a blog about it. Cost: Approx $50 per year for domain and hosting.Learn a little about SEO and write SEO optimized articles in your blog.Install Google Analytics tracking code and see if you are getting some traffic to your blog. Explore Google Analytics.Open an Adwords account and do some keyword research to see what people are searching for in Google to find information on the topic you are blogging about.Write more articles and publish on your blog.Open a Facebook page dedicated to your blog (apart from your personal page) and share the articles on your Facebook page.Promote your page with Facebook advertising. Budget for promotion can be as low as $10.Implement Facebook like box in your blog.Embed social sharing buttons in your blog articles. You can do this using WordPress plugins and it is free.Sign up for an email marketing service such as Aweber. Costs $20 per month. Also try MailChimp.Embed email signup forms in your blog and collect subscribers. Email subscribers whenever you publish something in your blog.Promote your Facebook page through email marketing and in turn also get more email subscribers from your Facebook page.Promote your blog via Adwords. Get started with very low CPC bids. Most new Adwords accounts get a free $100 credit for promotion. If you don’t get it, call Adwords support and they will give you free credits to get you started.Sign up for Google Adsense and deploy advertising codes in your blog.Convert your blog into a mobile friendly blog and create mobile ads in Adwords.All the above steps can be done in 30 days by investing one hour per day. After you do all the steps above your would have gained a bit of hands-on experience in the following areas which pretty much sums up to the following major components of Digital Marketing:Components of Digital MarketingContent marketingSearch Engine Optimization (SEO)Paid Search (PPC)Email marketingSocial Media MarketingDigital Display Marketing (Ad Ops)Web Analytics and ReportingMobile Marketing30 hours of experience does not make you an expert in Digital Marketing but you will be a much better qualified digital marketing professional than most of the people out there on the market. After this you can continue scaling up your mini-project and add even more things to it. For example, Google webmaster tools integration is something I have not mentioned in the above list but it is important for digital marketing. Your expertise will increase to the level you are ready to scale up your project.The job of a Digital Marketing ManagerPractical hands-on experience of applying digital marketing principles added with some qualifications and certifications makes you an ideal candidate for a job profile such as Digital Marketing Manager of a brand or company.As a manager of digital marketing you will be responsible for spear heading the entire digital marketing wing of the company. You may also have to manage a team of people who will be ready to execute specific digital marketing actions. Digital marketing is most effective when all the components of digital marketing are used in such a way that they complement each other. This is also called Integrated Digital Marketing. If the company is large enough, the job title can be VP of Digital Marketing where several managers report to the VP. Such jobs are coming up fast and can be highly lucrative.If you are not interested in a full time job like I have just mentioned, you can still use your digital marketing expertise to consult, speak in conferences and universities and grow your own internet projects.So what are you waiting for? Get started becoming a digital marketing expert today. Now!
More detailsPublished - Wed, 20 Apr 2022
Created by - Asif Mahmud Arnob
5 Major Ways to make an ROI on Learning Digital Marketing
So you are learning digital marketing, paid ads, SEO, content marketing, Email marketing, Marketing automation, Blogging and content marketing and so on. But what's the point? What's the point of learning all this? It costs TIME to learn this. And it also costs MONEY if you want good quality training. So, after you invest TIME & MONEY to learn digital marketing, you have to make money from your digital marketing skills. You need to monetize your learning. You have to consider this time and money as an investment - for future returns. Online/Internet/Digital marketing is a huge and growing career field right now. As the internet grows more and more, companies are finding themselves in need of a savvy marketer who understands social media, analytics, ads, sales funnels, and more.Here I want to talk about how to get that money back. How to make an ROI (Return on Investment) on learning digital marketing? From my experience, I see 5 major ways to do it:Types of digital marketing jobs and topic areasBecome a Blogger & Affiliate MarketerGet a Digital Marketing JobStart a Freelancing Career or a Digital Marketing AgencyGrow your existing business using digital marketingLet's discuss this one by one, and by the end of this article, let's find out which is the best one for you.1. Types of digital marketing jobs and topic areas:There is a wide scope of digital marketing roles out there meaning there is an enormous assortment of professional choices.Interactive Innovation, (for example, AI)Mobile MarketingSearch Engine Optimization (SEO)Search Engine Marketing (SEM)Social Media Marketing (SMM)E-commerce MarketingEmail MarketingMarketing AutomationContent Management and CurationCopywriting and EditingBusiness AnalyticsMarketing Strategist2. Become a Blogger & Affiliate MarketerIf you are the type of person who wants time and location freedom, becoming a blogger is your best choice. You can work from anywhere. You will not have a boss. You need not be the boss to anyone. Your blog(s) will become assets. And a source of passive income. You can travel, and take holidays whenever you want. A blog can attract traffic. You can monetize that traffic by selling others products (affiliate marketing) or by launching your own products. You can build an email list, and have followers on all social media channels. Everything can be automated. This is one of the best options to live the life of your dreams. Especially, if travelling is what you want to do. But you cannot become a successful blogger just like that. To grow your blog, you need to learn digital marketing. And you have to be extremely good at it.Blogging is great for you if:- You are ready to wait long term for the income to come.- You are comfortable appearing in-front of an audience- You love being a celebrity among your followers and love that attention!But Blogging might not be for you if:- You are not interested or comfortable in creating a personal brand- You are not comfortable to appear in front of an audience- You want faster growth and more assured income- You are not interested in a lifestyle business.Then you can get a good digital marketing job. Which leads us to the 3rd way to monetize your skill.3. Get a Digital Marketing Job:A lot of companies need digital marketers. Because old methods of marketing doesn't work anymore. Ads on TV, Newspapers, Radio and Magazines are not working. That's because people are not spending enough time on it. The people are using digital devices. They are using mobiles, tablets and laptops. The people are spending time on social media, apps and websites. Instead of TV, Newspaper and Magazines. So every business that is already having a product or service. Every business that is already making revenue. Now needs to shift their focus to digital marketing. But these are medium to big businesses. And digital marketing is not easy. So they are looking for digital marketing candidates to hire. They want Paid Ads Experts. They want social media experts. Content marketing experts. SEO experts and so on. So if you can learn digital marketing well. Then you can get a good digital marketing job. You can get a job in one of the companies in your own city. But you can also do blogging on the side. In fact, you can start blogging right away. Because the blog will give you experience in Digital Marketing. You can show this on your resume as a project that you did. And you can get a job much easier than other people who applied for the same job. Because this blog proves that you take initiative. This blog proves that you know digital marketing. And in the future, you can also make this blog a full time income earner, if things go well.Now what if you don't want a job? What if you want to run your own business? What if you want to start a business? And you are not ready to be a lifestyle blogger. That takes us to the 4th option.4. Be a Freelancer and/or Start a Digital Marketing AgencyYou can use your digital marketing skills to help other businesses. But you don't want a job. So, you can be a freelancer. And if the business grows, you can convert your freelancing career into an agency. That's another great method to use your digital marketing skills. A lot of companies are looking for help in digital marketing areas. You can get clients. Charge them on a project basis or hourly basis. You can start as a freelancer. Then you can grow into an agency with full time employees. The opportunity is HUGE. If you start an agency and make it successful, you can easily make 5-10 lakhs INR per month ($7,000 - $15,000 per month). Once you setup the systems and processes, you will be able to scale it quickly. So stay tuned for my updates on how to start an agency and grow it. Until then learn digital marketing through blogging. Or learn advanced digital marketing through my training videos.And let’s not miss the 5th one.5. Use Digital Marketing to Grow Your BusinessThis step is kinda obvious. We’ve already talked about why digital marketing is important. People are spending their time on digital mediums. The only way to reach customers is via digital marketing. So if you are running a business, your growth will come from digital marketing. You need to stop using traditional marketing right now. If you can hire a digital marketers and build a team, great. But as a business owner, you should also learn digital marketing.So, what’s your preferred way of monetizing your digital marketing skill?
More detailsPublished - Sat, 23 Apr 2022
Created by - Asif Mahmud Arnob
What is blockchain?
Blockchain is actively developing and now even has several generations. But still, what is blockchain, why is it called decentralized, and how do new blocks appear? Let's find out!Blockchain is a continuous and sequential chain of data "blocks". Copies of it are stored on computers around the world. It has no center through which all transactions are carried out, or the process is controlled. Because of this, the system is called decentralized.Each block contains encrypted information in the form of a hash code. The hash is a mathematically generated set of characters, it is copied to the next block in the chain, thus connecting it to the previous one. Any corrections in the block lead to a change in the hash, which means that the code in the corrected block and the next after it will not match — this completely discredits the following chain; it is marked as fictitious and is not allowed. When blocks are added to the chain, the Blockchain system automatically checks the authenticity of the data of previous and new ones. Thus, it is impossible to replace or falsify information in the chain.New blocks are added with the help of miners — these are computers that solve complex computational problems using the POW algorithm — in the case of first and second-generation blockchains — and POS — in the case of the third one — as a result of which new blocks are added. Depending on the power of the computer, it takes a different amount of time to solve the problem. For each solved block, the owners of the miners receive a reward in the form of coins of the corresponding cryptocurrency and transaction fees.Storing copies of the chain on independent computers around the world, connecting blocks with a unique code, and control of changes — this set of functions makes the Blockchain system transparent as well as one of the most secure and independent from others. Therefore, it has become popular in various areas not even related to the financial industry.
More detailsPublished - Sun, 15 May 2022
Created by - Asif Mahmud Arnob
Basic Crypto Terms Explained
CryptographyIn simple terms, cryptography is the practice of hiding or encrypting data. Today, cryptography utilises computation and mathematical theories to encrypt or decrypt information.Cryptography & BlockchainsCryptography allows blockchains to complete digital transactions on a decentralised, public ledger safely and anonymously, without the need for an intermediary. It also enables "trustless" crypto transactions where users don't need to know anything about a person to complete transactions with them securely.HashingThe Bitcoin protocol utilises cryptographic proofs to secure the network and validate every transaction. Every user is issued a private key which can be used to generate a public key through a process called "hashing."NFT stand for Non-Fungible TokenNFTs are a blockchain-based commodity that has whipped the art world into a buying frenzy. The technology offers a form of certificate of authenticity to the digital creations, allowing individual ownership of something that could otherwise be replicated endlessly. NFTs can also be pricey.DeFi stand for Decentralised FinanceDecentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. The system removes the control banks and institutions have on money, financial products, and financial services.MiscellaneousSatoshi Nakamoto created Bitcoin. The process of creating new bitcoins is known as Minting. DAO stand for Decentralised Autonomous Organisation. Maximum 21 Million bitcoins can be created. All tokens that can currently be bought or sold is the circulating supply. TVL stand for Total Value Locked. IDO stand for Initial Dex Offerings. Gas powers the Ethereum Virtual Machine.
More detailsPublished - Mon, 30 May 2022
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