Showing posts from May, 2020

Five Features of Cryptocurrencies that Beats Fiat as COVID-19 Halts Global Markets

As coronavirus halts and bullies the global market and economy, many people are seeking the best means to secure their wealth by converting it to a more stable and reliable store of value. This is one big reason why cryptocurrency is valuable – its resilience to economic crises. Fiat has helped in many ways and will likely remain a store of value all over the world, but as you know it, the economic downturn is taking a bad toll on the financial situation of some countries.  Recession will likely hit the world's economies , and that’s all because of the way the traditional fiat works. Think about this scenario- assuming countries use cryptocurrency, tit will be largely untied to economic vagaries. There are many other crypto features that beat the traditional fiat in and out of a pandemic, and I will share the top 5 features with you in the following paragraphs. 1. Resistance to Inflation The strength of fiat currency is dependent on the strength of its issuing body – the

How The Digital Yuan Could Be Another Game Changer Extending China's Global Economic Domination

A New World of National Cryptocurrencies Though many national cryptocurrencies prefer to be known as CBDCs (Central Bank Digital Currencies), mainly because they are controlled by the central bank and government, they still have the main characteristics of blockchain cryptocurrencies, which are anonymity and transparency. Some countries have taken a giant step in launching their own national cryptocurrencies, such as Dubai’s EmCash, Senegal’s eCFA, and Venezuela’s Petro. Other countries like Japan, Sweden, and Russia plan to launch their own national cryptocurrencies soon (though some of these countries show little enthusiasm while some may have even pulled out). But of the world’s major economies, China appears to be taking the lead in the creation of national digital currencies, and the highly-anticipated Digital Yuan has been on the mouth of every Chinese, as well as in every crypto community on the web. Let’s find out in this article what Digital Yuan is doing, and how the

ETH Testnet 2.0: What You Need to Know

There’s been a lot of discussion on the release of the Ethereum 2.0 blockchain since it was announced and I’m sure you’d want to know every detail there is to know about the Ethereum-led innovation. The first thing I’ll want you to know is that Ethereum 2.0 is not an upgrade of the Ethereum 1.0 blockchain; instead, it is a complete overhaul of the Ethereum 1.0 blockchain to improve scalability, security, decentralization, and the cost of transactions. There are still many questions you’d like to ask about Ethereum 2.0, and that’s why I have made an effort to abridge all that you need to know about ETH Testnet 2.0 in only 500 words.   What Are the Features of Ethereum Testnet 2.0? To avoid any confusion, think of “Testnet” as a dummy phone with the same features as the actual phone. Reference to the features of Ethereum Testnet 2.0 is a reference to the Ethereum 2.0 blockchain network. Here are few of the exciting features that Ethereum has carefully put together for all c