First and foremost is the cost. Minting, buying, selling, and trading NFT’s on the Algorand blockchain is cheap. Incredibly cheap. Right now, it costs just a fraction of a cent to transact on Algorand. Compare that to other layer-1s, and the argument for Algorand almost makes itself. Even after last August’s highly anticipated London Hardfork…
According to on-chain analytics firm Chainalysis, the volume of criminal cryptocurrency transactions in 2021 peaked at a new all-time high – $14 billion. However, despite the rise in criminal transfer volume, its relative share to the entire cryptocurrency transaction volume of 2021 was the lowest of all time. These statistics show that the expansion of…
Music has stood at the core of entertainment since the dawn of civilization. Today, at the heyday of the digital age, we find we’re so used to it that sometimes we don’t even notice it anymore: for example, when did you last pay attention to the background soundtrack in a movie or a video game?…
Big names such as Bitcoin, Ethereum, Polygon, Polkadot, Avalanche, Algorand and Solana tend to crop up in any discussion about blockchain, but amid the technology’s rapid growth and the ever more competitive nature of the market, developers are increasingly locked in a race to make sure their blockchains come out on top. In this highly…
In the early crypto era, when only few knew of any cryptocurrency outside of Bitcoin, it was under a constant deluge of criticism. Charlie Munger, the Vice Chairman of Berkshire Hathaway, summed up the attacks this May by describing Bitcoin as “disgusting and contrary to the interests of civilization”. Yet, remaining undeterred, Bitcoin powered through,…
In October cryptocurrency analytics company Moonstream released data about the real state of the NFT market, reporting that from April through nearly the end of September 16.71% of all NFT holders on Ethereum owned 80.98% of all NFTs. The company analyzed more than 700,000 addresses and more than 7 million tokens. Therefore, the sample size…
The days when NFTs were solely about cartoonish penguins and mutant apes are gone. As 2022 approaches, conversations around non-fungible tokens have extended far past the early head-scratching questions (What are NFTs Anyways?) and fire-stoking long reads (Are NFTs Just a Fad?). Following the billions of dollars generated, institutional adoption, and verifiable social movements born…
For those that have been around crypto for several years, there is a high chance that they have heard the phrase: “institutions are coming.” At some point, it even became an overused meme by investors making fun of the high hopes of part of the market over the appreciation of the price of Bitcoin. Prior…
Bukele argues that his country’s embrace of Bitcoin aims to spur development and reduce the fees paid by Salvadorans abroad sending remittances back home, which make up nearly a quarter (22%) of El Salvador’s GDP. Bukele says adopting Bitcoin could save his people $400 million every year and top accounting firm PriceWaterhouseCoopers seems to concur,…
Bitcoin is trustless and permissionless — anyone can use it without having to provide their real-world identity. This leads many people to think of Bitcoin as an anonymous network, where transactions are private, however in reality this is far from the truth. Bitcoin can work without a trusted third party in part because it is…