Introduction The Middle East and North Africa (MENA) region is quickly becoming a hotbed for cryptocurrency adoption. With countries in the region facing economic challenges and a young, tech-savvy population, many are turning to digital assets as a means of financial empowerment. From decentralized finance (DeFi) platforms to non-fungible tokens (NFTs)…

Introduction This article will examine BIP 300, a Bitcoin improvement proposal referred to as drivechains. Drivechains are essentially sidechains, or separate blockchains built on top of the Bitcoin blockchain, that use BTC as the primary currency. …

Stablecoins have been getting a lot of attention recently with the collapse of Terra’s algorithmic stablecoin UST. Stablecoins are digital currencies either backed by assets or by an algorithm which regulate their supply. They supposedly hold stable value and are therefore designed to reduce volatility and to facilitate trading in…

Introduction Central bank digital currencies (CBDCs) are digital tokens that are issued by a central bank and recorded on a digital ledger. They are considered to be legal tender and are backed by the central bank, similar to physical cash. …

Introduction In a world where blockchain technology is booming, it’s evident that more and more companies and organizations are keen on exploring this technology. Anyone that has been following blockchain industry for a while would have probably heard about Ethereum. Featuring its cutting-edge technology, Ethereum has piqued the public curiosity, and…

Introduction Avalanche is a Proof-of-Stake (PoS) smart contract blockchain for decentralized applications and custom interconnected blockchain networks (subnets) that distinguishes itself by introducing a new consensus family known as ‘Avalanche consensus.’ Avalanche blockchain, launched in September 2020 by Ava Labs, founded by Cornell University professor Emin Gün Sirer, has a multichain…

Introduction A new development on Bitcoin, known as Taro, allows for issuing of digital assets on the blockchain that can be transferred over the Lightning Network for instant, high volume, low fee transactions. These assets can be stablecoins, fiat currencies and non-fungible tokens. This is a major milestone and a game…

Introduction Following the network’s upgrade on September 15th, Ethereum switched from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism, enabling the network to reduce its carbon footprint by 99.95%. This also implies that Ethereum’s daily token supply has decreased since the merge, and the ultrasound money appears to be taking…

Introduction Blockchain is based on the concepts of decentralization. …