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Showing posts from November, 2021

Opinion: Banks need to offer custodial, safe and secure crypto account systems for the general masses to adopt it

  Cryptocurrencies, since its inception over a decade ago, are still relatively new technologies that, at its core, aim to offer a decentralised asset that has some value. Its purpose is to do-away with government-issued or any sort of centrally controlled assets; rather an asset that works via a democratic consensus of thousands or millions of users around the world. It’s the people’s control, really. But perhaps, in order for it to succeed, there has to be some sort of custodial account system for the everyday user. Think about this: When you use your bank’s app on your phone to send or receive money, all you care about is if the intended recipient has successfully received the amount; you don’t really know or care about how your bank has talked with the other person’s bank, or how banks really work in general. And in the case where something goes wrong, banks can relocate the money / it cannot be permanently lost. In legal situations, banks can freeze funds if say, a criminal, ste

DAS - An introduction to Decentralised Account Systems built on Nervos L2

Note: DAS has rebranded to " .bit ". Their new website is . The Nervos Network is a decentralised ecosystem consisting of both L1 and L2 solutions, with the native token CKB. While the L1 layer is space-limited with a focus on security and decentralisation, the is L2 meant for scalability and dApps. DeAccount Limited has pioneered perhaps one of the first decentralised account systems, called DAS, built on Nervos L2 as a smart contract. DAS offers an open-source and decentralised approach to digital accounting systems; as opposed to a centralised entity controlling this. Their website is . Sound a bit confusing? Let’s use a few examples. Think about your bank account, your social media accounts (i.e. Reddit, Facebook, Instagram), or your Google account. Virtually all online systems are centralised, and each of these services allow you to create an account on their platform, which they essentially have complete control over. DAS, on the other hand, us Staking Explained for New Users

Founded in 2016, have come a long way from their MCO days; they offer one of  the best crypto debit card there is, and their cryptocurrency, the CRO, is doing exceptionally well. With 5 tiers of cards, including an absolutely free one, let’s take a look at what each of them offer and what ‘staking vs non-staking’ benefits actually mean, and how the CRO coin ties in with the cards. Tiers of cards The 5 tiers of cards are as follows: •  Midnight Blue – The no-strings-attached free one •  Ruby Steel •  Jade Green / Indigo (both colours are the exact same tier) •  Icy White / Rose Gold (both colours are the exact same tier) •  Obsidian The first card mentioned above, Midnight Blue, is free for anyone with a account. To get one, you need to sign up through their app (not exchange or defi wallet, which are different products). On this free tier you get a 1% cashback in CRO on almost all purchases. For example, let’s say you

Monero – Undervalued, Private Digital Cash

Cryptocurrencies are becoming more mainstream day by day as lots of services are offering easy crypto purchases with bank/credit cards – which is a good thing. But a common sentiment is that cryptocurrencies are decentralised, private, and untraceable assets that even the government can’t track. But this isn’t really all that true. Is it decentralised? Sure, for most currencies at least, but not all. Is it untraceable? Absolutely not , for most currencies. Almost all cryptocurrencies have a transparent blockchain, where everyone can see every single transaction in the history of the coin; things like how much was sent, the sender’s wallet and the receiver’s wallet. When you purchase a cryptocurrency on your favourite exchange, then send it over to your non-custodial wallet, it is visible to the whole world. How you distribute that between your other wallets is also visible to the public. But not for the privacy-focused pioneer of crypto that is Monero. Launched in 2014, Moner

Nervos Network – A Hidden Gem?

  We’ve all been there; browsing through and seeing all these relatively new altcoins that have exploded in the recent months or even weeks, and just wondered how much we could have made had we bought into those coins not too long ago. Hindsight is 20/20, as they say. But what if I told you there’s a relatively unknown crypto with potentially a very bright future; a genuinely exciting coin with useful technology behind it? Meet Nervos Network. The Nervos Network is much more than a coin actually; it’s a decentralised ecosystem, and here’s why I think it will succeed in the long-term. Basics behind Nervos Network Nervos Network is both an L1 and an L2 solution. The Nervos blockchain, with it’s native token the CKB the Common Knowledge  Base , is the L1 (Layer 1) solution. In simple terms, this is the main (open-source) blockchain which works through a proof-of-work (PoW) consensus, meaning it’s both decentralised and a highly secure network. This base layer